GS Mortgage-Backed Securities Trust 2025-NQM2
Exhibit 99.2 - Schedule 3
| Exception Grades |
| Run Date - 6/4/2025 7:31:12 PM |
| SitusAMC Loan ID | Customer Loan ID | Seller Loan ID | Investor Loan Number | Unique Loan ID | 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 |
| XXXX | XXXX | XXXX | XXXX | 95150712 | 25424179 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Documentation showing the subject property condo is warrantable are required. Please provide documentation that shows the condo is warrantable. | Reviewer Comment (2022-06-07): XXXXX Seller Comment (2022-06-06): XXXXX Reviewer Comment (2022-05-13): XXXXX Seller Comment (2022-05-11): XXXXX Reviewer Comment (2022-04-27): XXXXX Seller Comment (2022-04-26): XXXXX |
06/07/2022 | 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 | ||||||||||||
| XXXX | XXXX | XXXX | XXXX | 98444983 | 27505550 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.93022% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $9,473.02 on a Federal Total Loan Amount of $XXXX vs. an investor allowable total of $7,230.90 (an overage of $2,242.12 or .93022%). | XXXXX 2014 3% Points and Fees Test. Points and Fees on subject loan of 3.93022% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $9,473.02 on a Federal Total Loan Amount of $XXXX vs. an investor allowable total of $7,230.90 (an overage of $2,242.12 or .93022%). | Reviewer Comment (2022-12-28): XXXXX Seller Comment (2022-12-27): XXXXX |
12/28/2022 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94883472 | 27625184 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Loan is to be securitized. Secondary valuation not provided. | Reviewer Comment (2022-11-15): XXXXX |
11/15/2022 | 1 | D | A | D | A | D | A | D | A | D | A | RI | Investment | Purchase | D | A | A | A | D | A | N/A | No | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 98344518 | 27625256 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2022-12-27): XXXXX |
12/27/2022 | 1 | D | A | D | A | D | A | D | A | D | A | PA | Investment | Refinance - Cash-out - Other | D | A | A | A | D | A | N/A | No | ||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 90246349 | 28246082 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $350.00 exceeds tolerance of $200.00. Insufficient or no cure was provided to the borrower. | Appraisal Re-inspection Fee was last disclosed as $200 on LE but disclosed as $350.00 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 $150.00, 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 (2023-04-27): XXXXX Seller Comment (2023-04-27): XXXXX Reviewer Comment (2023-04-26): XXXXX Seller Comment (2023-04-25): XXXXX Reviewer Comment (2023-04-20): XXXXX Seller Comment (2023-04-20): XXXXX Reviewer Comment (2023-04-11): XXXXX Seller Comment (2023-04-11): XXXXX |
04/27/2023 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97987765 | 28766936 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.93886% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,519.00 on a Federal Total Loan Amount of $XXXX vs. an investor allowable total of $8,011.70 (an overage of $2,507.30 or .93886%). | Points and Fees on subject loan of 3.93886% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,519.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,011.70 | 07/17/2023 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99242322 | 28878324 | Credit | Credit | Credit Documentation | Credit | Missing Document: Occupancy Certificate not provided | File is missing Occupancy certificate. | Reviewer Comment (2023-08-14): XXXXX Seller Comment (2023-08-10): XXXXX |
08/14/2023 | 1 | C | A | C | A | C | A | C | A | C | A | ME | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99242322 | 28878360 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 08/04/2023 | 2 | B | B | B | B | B | B | B | B | B | B | ME | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98562282 | 29274844 | 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. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2023-10-27): XXXXX Seller Comment (2023-10-25): XXXXX |
10/27/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93689922 | 29053492 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.05382% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $12,873.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $9,526.57 (an overage of $3,346.43 or 1.05382%). | XXXXX Points and Fees threshold exceeded by $3,346.43 or 1.05382% | 09/15/2023 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93689922 | 29053522 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 2.42 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2023-09-29): XXXXX Reviewer Comment (2023-09-26): XXXXX Reviewer Comment (2023-09-22): XXXXX Seller Comment (2023-09-20): XXXXX |
09/29/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93689922 | 29096826 | Credit | Asset | Asset Documentation | Asset | The Earnest Money Deposit is unsourced. Please provide source documentation for the Earnest Money Deposit. | - | Missing evidence linking transfers from account on XX/XX/XX for $7500 and XX/XX/XX for $7500 were for the purchase of subject property. Provide Deposit receipts from escrow corresponding with transfers from account. | Reviewer Comment (2023-09-29): XXXXX Seller Comment (2023-09-26): XXXXX |
09/29/2023 | 1 | A | A | A | A | A | FL | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 91068986 | 29090404 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2023-10-18): XXXXX Seller Comment (2023-10-17): XXXXX |
10/18/2023 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | B | A | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91068986 | 29090566 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.80982% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $21,612.38 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $13,480.16 (an overage of $8,132.22 or 1.80982%). | XXXXX Points and Fees exceed allowable threshold by $8,132.22 or 1.8982%. | 09/25/2023 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | A | A | B | B | D | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93322541 | 29075582 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.85947% is in excess of the investor allowable maximum of the greater of .00000% of the Federal Total Loan Amount and $3730.00 (2023). Points and Fees total $4,198.24 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $3,730.00 and $3730.00 (2023) (an overage of $468.24 or 3.85947%). | XXXXX Points and fees exceed allowable threshold by $468.24 or 3.85947% | 09/20/2023 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90275349 | 29399503 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.22564% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (2023). XXXXX Finance Charge total $17,244.60 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $744.60 or .22564%). | XXXXX Points and Fees exceed allowable threshold by $744.60 or .22564%. | 11/08/2023 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | N/A | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90275349 | 29399508 | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. | Verified reserves in the amount of $48,342.36 are insufficient to meet reserves requirement of $54,548.68. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2023-11-14): XXXXX Buyer Comment (2023-11-13): XXXXX |
11/14/2023 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 93643251 | 29166801 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.94497% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $26,051.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $19,811.15 (an overage of $6,240.35 or .94497%). | XXXXX Points and fees exceed allowable threshold by $6,240.35 or .94497% | 10/06/2023 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93643251 | 29167423 | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. | Calculated Available for Reserves of $58,440.07 is less than Guideline Available for Reserves of $63,156.71. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2023-10-17): XXXXX |
10/17/2023 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 97794213 | 29200467 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.93716% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $12,690.64 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,711.29 (an overage of $4,979.35 or 1.93716%). | XXXXX Points and fees exceed allowable threshold by $4,979.35 or 1.93716% | 10/09/2023 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96160373 | 29034460 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Rate lock doc missing in file. | Reviewer Comment (2023-06-23): XXXXX Buyer Comment (2023-06-22): XXXXX |
06/23/2023 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96160373 | 29034462 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.69910% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $22,592.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $18,322.68 (an overage of $4,269.82 or .69910%). | Points and Fees on subject loan of 3.69910% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $22,592.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $18,322.68 (an overage of $4,269.82 or .69910%). | Buyer Comment (2023-06-27): XXXXX |
06/27/2023 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92631286 | 29207347 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/10/2023 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99815488 | 29486819 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2023-12-18): XXXXX |
12/18/2023 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Second Home | Purchase | D | B | A | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99815488 | 29486864 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 11/21/2023 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | D | B | A | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99815488 | 29486868 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $9,043.33 exceeds tolerance of $8,830.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $9,043.33 exceeds tolerance of $8,830.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2023-12-12): XXXXX Seller Comment (2023-12-11): XXXXX Reviewer Comment (2023-12-08): XXXXX Seller Comment (2023-12-07): XXXXX Reviewer Comment (2023-11-30): XXXXX Seller Comment (2023-11-29): XXXXX Reviewer Comment (2023-11-28): XXXXX Seller Comment (2023-11-27): XXXXX |
12/12/2023 | 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 | D | B | A | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99815488 | 29663523 | Property | Valuation | General | Valuation | Valuation Product pending | XXXXX / XXXXX - No MLS Sheets - 2 Days | Reviewer Comment (2023-12-18): XXXXX Reviewer Comment (2023-12-16): XXXXX |
12/18/2023 | 1 | A | A | A | A | A | FL | Second Home | Purchase | D | B | A | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 90370881 | 29683307 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/19/2023 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94332311 | 29805232 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 01/17/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94332311 | 29805233 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Closing Disclosure Issue Date Not Provided | TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on XX/XX/XX did not disclose the actual Date Issued. Compliance testing XXXXX be unreliable using an estimated Date Issued based on best information available. | Closing Disclosure estimated to be provided on XX/XX/XX did not disclose the actual Date Issued. Compliance testing XXXXX be unreliable using an estimated Date Issued based on best information available. | Reviewer Comment (2024-01-26): XXXXX Seller Comment (2024-01-25): XXXXX Reviewer Comment (2024-01-23): XXXXX Seller Comment (2024-01-19): XXXXX |
01/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Good Faith Redisclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94332311 | 29805236 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for XXXXX. Fee Amount of $175.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Fee increased on XX/XX/XX Closing Disclosure with no valid change evident. | Reviewer Comment (2024-01-22): XXXXX Seller Comment (2024-01-19): XXXXX |
01/22/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94332311 | 29835875 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for XXXXX. Fee Amount of $175.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure at closing | Reviewer Comment (2024-01-23): XXXXX |
01/23/2024 | 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 | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 99422510 | 29740576 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
01/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 99422510 | 29740815 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 01/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92550766 | 29873940 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 01/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95476655 | 29833651 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.27274% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $5,533.16 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $3,884.97 (an overage of $1,648.19 or 1.27274%). | XXXXX Points and Fees exceed allowable threshold by $$1,648.19 or 1.27274%. | 01/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95476655 | 29833657 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 01/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95476655 | 29834037 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The file is missing copy of 1084 or income worksheet. | Reviewer Comment (2024-01-29): XXXXX Seller Comment (2024-01-26): XXXXX |
01/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95476655 | 29834094 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
01/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 95476655 | 29834118 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | The file is missing copy of Flood Certificate. | Reviewer Comment (2024-01-29): XXXXX Seller Comment (2024-01-26): XXXXX |
01/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95476655 | 29835054 | 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 three (3) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2024-02-01): XXXXX Seller Comment (2024-01-31): XXXXX Reviewer Comment (2024-01-31): XXXXX Seller Comment (2024-01-30): XXXXX |
02/01/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Purchase | No Defined Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95476655 | 29835565 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $902.70 exceeds tolerance of $750.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-01-23): XXXXX |
01/23/2024 | 1 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Purchase | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96952012 | 30178396 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96952012 | 30178397 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96952012 | 30178398 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 9.21355% or Final Disclosure APR of 9.29500% is equal to or greater than the threshold of APOR 7.01% + 1.5%, or 8.51000%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of 9.21355% or Final Disclosure APR of 9.29500% is equal to or greater than the threshold of APOR 7.01% + 1.5%, or 8.51000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-04-24): XXXXX Seller Comment (2024-04-16): XXXXX Reviewer Comment (2024-04-15): XXXXX Seller Comment (2024-04-09): XXXXX |
04/24/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96952012 | 30178399 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank XXXXX): Safe Harbor requirements not satisfied. | Safe Harbor requirements not satisfied. | Reviewer Comment (2024-03-27): XXXXX |
03/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96952012 | 30178400 | 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 XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2024-04-17): XXXXX Seller Comment (2024-04-16): XXXXX Reviewer Comment (2024-04-15): XXXXX Seller Comment (2024-04-15): XXXXX Reviewer Comment (2024-04-10): XXXXX Seller Comment (2024-04-09): XXXXX |
04/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96952012 | 30178401 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.99159% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,950.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,229.81 (an overage of $2,720.19 or .99159%). | XXXXX Points and Fees exceed allowable threshold by $2,720.19 or .99159%. | 03/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96952012 | 30178404 | 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 three (3) business days of application. Initial Loan Estimate dated XX/XX/XX 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 XXXXX result in additional fee tolerance violations. | Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated XX/XX/XX 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 XXXXX result in additional fee tolerance violations. | Reviewer Comment (2024-04-22): XXXXX Seller Comment (2024-04-19): XXXXX Reviewer Comment (2024-04-10): XXXXX Seller Comment (2024-04-09): XXXXX Reviewer Comment (2024-03-21): XXXXX Seller Comment (2024-03-20): XXXXX |
04/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96952012 | 30178405 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $9,360.00 exceeds tolerance of $6,840.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $9,360.00 exceeds tolerance of $6,840.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-04-08): XXXXX Seller Comment (2024-04-04): XXXXX |
04/08/2024 | 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 | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96952012 | 30178627 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96952012 | 30440031 | 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 XXXXX): Creditor did not provide a copy of revised valuation to applicant three (3) business days prior to consummation. | File is documented with evidence the appraisal was provided to borrower post closing. | Reviewer Comment (2024-05-01): XXXXX Reviewer Comment (2024-04-24): XXXXX |
05/01/2024 | 2 | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 91662254 | 29816835 | Credit | Missing Document | General | Missing Document | Incomplete Document: Closing Disclosure is incomplete | The file is missing a copy of Page 1 Final Closing Disclosure. | Reviewer Comment (2024-01-26): XXXXX Seller Comment (2024-01-24): XXXXX |
01/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91662254 | 29816940 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Closing Disclosure Issue Date Not Provided | TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on XX/XX/XX did not disclose the actual Date Issued. Compliance testing XXXXX be unreliable using an estimated Date Issued based on best information available. | The file is missing a copy of Page 1 Final Closing Disclosure | Reviewer Comment (2024-01-26): XXXXX |
01/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | Good Faith Redisclosure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91662254 | 29816941 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Balloon Payment Test | TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XX/XX/XX did not disclose whether the loan contains a Balloon Payment. | The file is missing a copy of Page 1 Final Closing Disclosure | Reviewer Comment (2024-01-31): XXXXX Seller Comment (2024-01-29): XXXXX |
01/31/2024 | 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 | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91662254 | 29816942 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Estimated Taxes, Insurance And Assessments | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XX did not disclose an Estimated Taxes, Insurance, and Assessments payment. | The file is missing a copy of Page 1 Final Closing Disclosure | Reviewer Comment (2024-01-31): XXXXX Seller Comment (2024-01-29): XXXXX |
01/31/2024 | 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 | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91662254 | 29816943 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Loan Term | TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on XX/XX/XX did not disclose the Loan Term. | The file is missing a copy of Page 1 Final Closing Disclosure | Reviewer Comment (2024-01-31): XXXXX Seller Comment (2024-01-29): XXXXX |
01/31/2024 | 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 | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91662254 | 29816944 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Payment Frequency | TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XX/XX/XX did not disclose the payment frequency. | The file is missing a copy of Page 1 Final Closing Disclosure | Reviewer Comment (2024-01-31): XXXXX Seller Comment (2024-01-29): XXXXX |
01/31/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91662254 | 29816945 | Compliance | Compliance | Federal Compliance | TRID | TRID Final Closing Disclosure Prepayment Penalty | TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XX/XX/XX did not disclose whether the loan contains a Prepayment Penalty. | The file is missing a copy of Page 1 Final Closing Disclosure | Reviewer Comment (2024-01-31): XXXXX Seller Comment (2024-01-29): XXXXX |
01/31/2024 | 1 | B | A | B | A | B | A | B | A | B | A | AZ | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91662254 | 29816946 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Principal and Interest | TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XX/XX/XX did not disclose the Principal and Interest Payment. | The file is missing a copy of Page 1 Final Closing Disclosure | Reviewer Comment (2024-01-31): XXXXX Seller Comment (2024-01-29): XXXXX |
01/31/2024 | 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 | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91662254 | 29816947 | Compliance | Compliance | Federal Compliance | TRID | TRID Final Closing Disclosure Principal and Interest Change After Closing Testing | TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on XX/XX/XX did not disclose whether the Principal and Interest Payment can change. | The file is missing a copy of Page 1 Final Closing Disclosure | Reviewer Comment (2024-01-31): XXXXX Seller Comment (2024-01-29): XXXXX |
01/31/2024 | 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 | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91662254 | 29816948 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Projected Payments Schedule | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XX did not contain a payment schedule. | The file is missing a copy of Page 1 Final Closing Disclosure | Reviewer Comment (2024-01-31): XXXXX Seller Comment (2024-01-29): XXXXX |
01/31/2024 | 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 | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91662254 | 29816949 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Projected Payment Information | TILA-RESPA Integrated Disclosure - Projected Payments: Closing Disclosure provided on XX/XX/XX contains a Projected Payments Table that was not completed. | The file is missing a copy of Page 1 Final Closing Disclosure | Reviewer Comment (2024-01-31): XXXXX Seller Comment (2024-01-29): XXXXX |
01/31/2024 | 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 equivalent amount, Corrected CD, and Re-open Rescission if Applicable | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91662254 | 29816950 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after XX/XX/XX contains an addition of a prepayment penalty and was not received by borrower at least three (3) business days prior to consummation. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2024-01-26): XXXXX |
01/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | TRID timing exception, no remediation available. | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93961452 | 29803176 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.37764% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $12,202.01 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,362.04 (an overage of $3,839.97 or 1.37764%). | XXXXX Points and Fees exceed allowable threshold by $3,839.97 or 1.37764%. | 01/17/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93961452 | 29803235 | 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 85.00000% exceeds Guideline loan to value percentage of 80.00000%. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-02-01): XXXXX Reviewer Comment (2024-01-22): XXXXX Seller Comment (2024-01-18): XXXXX |
02/01/2024 | 2 | C | B | C | B | C | B | C | B | C | B | IL | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 93961452 | 29803236 | 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 ___. | Calculated combined loan to value percentage of 85.00000% exceeds Guideline combined loan to value percentage of 80.00000%. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-02-01): XXXXX Reviewer Comment (2024-01-22): XXXXX Seller Comment (2024-01-18): XXXXX |
02/01/2024 | 2 | C | B | C | B | C | B | C | B | C | B | IL | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 90958196 | 29950475 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 7.24062% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $54,015.00 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $16,715.00 or 2.24062%). | Total fees financed by lender is $54,015.00. Threshold maximum is $37,300.00. | 02/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | N/A | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90958196 | 29950736 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated Available for Reserves of 1.79 months is less than Guideline Available for Reserves of 12.00 | Borrower has owned the subject property for at least 5 years. Borrower has verified disposable income of at least $2500.00. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-02-20): XXXXX Buyer Comment (2024-02-13): XXXXX |
02/20/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 96489881 | 30030798 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $678.60 exceeds tolerance of $555.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as $555.00 on LE but disclosed as $678.60 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 $123.60. 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 (2024-02-21): XXXXX |
02/21/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95248362 | 30194415 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 94118934 | 29983736 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated PITIA months reserves of 5.07 is less than Guideline PITIA months reserves of 6.00. Final 1003 reflects $11,811.88 for XXXXX account, however, most recent statement in file reflects balance of $8,268.67. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrower has owned the subject property for at least 5 years. Borrower has worked in the same position for more than 3 years. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-03-05): XXXXX Seller Comment (2024-03-05): XXXXX |
03/05/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 93426817 | 30061091 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/28/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93426817 | 30061126 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
02/28/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 94984091 | 30005258 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/16/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99737719 | 29977751 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99737719 | 29978112 | 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 (2024-02-22): XXXXX |
02/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95519815 | 30109638 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
03/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92605683 | 30249351 | 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 | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
03/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 92605683 | 30249411 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91689647 | 30201610 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | 03/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93826184 | 30265414 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/28/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96288738 | 30257298 | Credit | Guideline | Guideline Issue | Guideline | Funds From Business Account used, and borrower owns less than 100% of business. | Lender used business funds transferred to personal account for down payment and reserves, however per guidelines borrower must be sole owner of the company in order to use business funds for downpayment or reserves. CPA letter in file reflects the use of funds will not negatively impact the business, however borrower only owns 50% of the business. Lender exception provided. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-04-02): XXXXX Reviewer Comment (2024-04-01): XXXXX Seller Comment (2024-03-29): XXXXX |
04/02/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96866424 | 30180564 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 96866424 | 30180565 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity In Occupancy - Investment Loans | Loan does not qualify for Investment Loans scope because the Final 1003 does not indicate that the property will be an Investment Property or the Final 1003 Declarations, Valuation or Occupancy Cerificate indicates the borrower intends to occupy the subject property. | Appraisal indicates the subject is owner occupied. | Reviewer Comment (2024-04-19): XXXXX Seller Comment (2024-04-15): XXXXX Reviewer Comment (2024-04-15): XXXXX Seller Comment (2024-04-05): XXXXX |
04/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96866424 | 30180763 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The appraisal does not show the property is Tenant Occupied or Vacant and thus casts doubt on the business purpose of the loan. | Appraisal indicates the subject is owner occupied. | Reviewer Comment (2024-04-15): XXXXX Seller Comment (2024-04-05): XXXXX |
04/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 96866424 | 30180807 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2024-04-15): XXXXX Seller Comment (2024-04-12): XXXXX Reviewer Comment (2024-04-09): XXXXX Seller Comment (2024-04-08): XXXXX |
04/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 96902019 | 30276872 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/01/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96902019 | 30276873 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.78661% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $20,777.20 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $16,461.07 (an overage of $4,316.13 or .78661%). | XXXXX Points and Fees exceed allowable threshold by $4,316.13 or .78661%. | 04/01/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96902019 | 30290124 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-04-03): XXXXX |
04/03/2024 | 1 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94306723 | 30177703 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 94306723 | 30177776 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
03/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 99859051 | 30463409 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $205.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $205.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-04-29): XXXXX |
04/29/2024 | 1 | A | A | A | A | A | A | A | A | A | A | MI | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 90071921 | 30326350 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-04-18): XXXXX Seller Comment (2024-04-18): XXXXX |
04/18/2024 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90071921 | 30326372 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing copy of Tax Verification for the property XXXXX. | Reviewer Comment (2024-04-19): XXXXX Reviewer Comment (2024-04-18): XXXXX Seller Comment (2024-04-18): XXXXX |
04/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94855064 | 30380612 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
04/16/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 94855064 | 30406371 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 04/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93064475 | 30276389 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-07-09): XXXXX Seller Comment (2024-07-08): XXXXX Reviewer Comment (2024-05-31): XXXXX Seller Comment (2024-05-29): XXXXX |
07/09/2024 | 1 | B | A | C | A | B | A | C | A | B | A | NV | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93064475 | 30276397 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Bank Statements | Ability to Repay (Dodd-Frank XXXXX): Unable to verity Bank Statement income due to, bank statement provided was dated more than 90 days prior to closing, CPA letter provided was dated more than 90 days prior to closing, third party verification provided was dated more than 90 days prior to closing. | CPA letter and third party verification provided were dated more than 120 days prior to closing. | Reviewer Comment (2024-07-01): XXXXX Reviewer Comment (2024-05-31): XXXXX Seller Comment (2024-05-29): XXXXX |
07/01/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93064475 | 30276398 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX 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 $2,534,002.44 is under disclosed by $110.00 compared to the calculated Finance Charge of $2,534,112.44 which exceeds the $35.00 threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated XX/XX/XX). | Final Closing Disclosure provided on XX/XX/XX 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 $2,534,002.44 is under disclosed by $110.00 compared to the calculated Finance Charge of $2,534,112.44 which exceeds the $35.00 threshold. | Reviewer Comment (2024-05-15): XXXXX Seller Comment (2024-05-13): XXXXX Reviewer Comment (2024-05-08): XXXXX Seller Comment (2024-05-06): XXXXX Reviewer Comment (2024-05-01): XXXXX Seller Comment (2024-04-27): XXXXX Reviewer Comment (2024-04-24): XXXXX Seller Comment (2024-04-22): XXXXX Reviewer Comment (2024-04-17): XXXXX Seller Comment (2024-04-15): XXXXX Reviewer Comment (2024-04-07): XXXXX Seller Comment (2024-04-05): XXXXX |
05/15/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NV | 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 | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93064475 | 30292892 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | CPA Letter in file is dated more than 120 days from the note and therefore not acceptable evidence the use of business funds will not negatively impact the business, therefore the funds were not included in funds available for closing. | Reviewer Comment (2024-05-31): XXXXX Reviewer Comment (2024-05-30): XXXXX Seller Comment (2024-05-29): XXXXX |
05/31/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93064475 | 30293055 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | CPA Letter in file is dated more than 120 days from the note and therefore not acceptable evidence the use of business funds will not negatively impact the business, therefore the funds were not included in funds available for reserves. | Reviewer Comment (2024-05-31): XXXXX Reviewer Comment (2024-05-30): XXXXX Seller Comment (2024-05-29): XXXXX |
05/31/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93064475 | 30293548 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Exception will be cleared once ATR issues are resolved. | Reviewer Comment (2024-05-31): XXXXX Seller Comment (2024-05-29): XXXXX |
05/31/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98065481 | 30372215 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.38968% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $4,910.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $4,345.54 (an overage of $564.46 or .38968%). | XXXXX Points and Fees exceed allowable threshold by $564.46 or .38968%. | 04/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NM | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93502937 | 30343284 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93304059 | 30252999 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-05-08): XXXXX Seller Comment (2024-05-06): XXXXX |
05/08/2024 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Purchase | D | B | C | B | B | B | D | A | Non QM | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93304059 | 30253073 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | D | B | C | B | B | B | D | A | Non QM | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93304059 | 30253074 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 8.19941% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $23,921.79 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $9,334.29 or 3.19941%). | XXXXX Points and Fees threshold exceeded by an average of $9,334.29 or 3.19941%. | 03/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | C | B | B | B | D | A | Non QM | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93304059 | 30253119 | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. | Calculated Available for Reserves of $21,860.11 is less than Guideline Available for Reserves of $35,300.99. | The qualifying DTI on the loan is at least 10% less than the guideline maximum. Borrower has been employed in the same industry for more than 5 years. |
SitusAMC SitusAMC |
Reviewer Comment (2024-05-07): XXXXX Buyer Comment (2024-05-06): XXXXX |
05/07/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Purchase | D | B | C | B | B | B | D | A | Non QM | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 95064689 | 30427479 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.18332% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $31,434.28 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $22,542.56 (an overage of $8,891.72 or 1.18332%). | XXXXX Points and Fees exceed allowable threshold by $$8,891.72 or 1.18332%. | 04/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95064689 | 30428296 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank XXXXX): Safe Harbor requirements not satisfied. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. | Reviewer Comment (2024-05-01): XXXXX Seller Comment (2024-05-01): XXXXX |
05/01/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92385842 | 30372080 | 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 three (3) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2024-04-22): XXXXX Seller Comment (2024-04-18): XXXXX |
04/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92385842 | 30372081 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $35.00 exceeds tolerance of $25.00. Sufficient or excess cure was provided to the borrower at Closing. | Credit report Fee was last disclosed as $25.00 on LE but disclosed as $35.00 on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2024-04-15): XXXXX |
04/15/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91932861 | 30510833 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 05/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91932861 | 30510864 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.62246% or Final Disclosure APR of 8.62200% is equal to or greater than the threshold of APOR 6.76% + 1.5%, or 8.26000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-05-30): XXXXX Seller Comment (2024-05-29): XXXXX Reviewer Comment (2024-05-15): XXXXX Seller Comment (2024-05-10): XXXXX |
05/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91932861 | 30510865 | 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 XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Proof of appraisal receipt not provided. | Reviewer Comment (2024-05-29): XXXXX Seller Comment (2024-05-29): XXXXX Reviewer Comment (2024-05-10): XXXXX Seller Comment (2024-05-10): XXXXX |
05/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92238046 | 30442231 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
04/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 90353210 | 30564546 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
05/16/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 92192722 | 30371111 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $3,176.25 exceeds tolerance of $2,858.00. Sufficient or excess cure was provided to the borrower at Closing. | Transfer tax Fee was last disclosed as $2,858.00 on LE but disclosed as $3,176.25.00 on Final Closing Disclosure. File does not contain a valid COC for this fee, Evidence of cure in file in the amount of $318.25. | Reviewer Comment (2024-04-15): XXXXX |
04/15/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97573061 | 30500099 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.89080% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $13,880.94 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $10,702.88 (an overage of $3,178.06 or .89080%). | XXXXX Points and Fees exceed allowable threshold by $ $3,178.06 or .89080%. | 05/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97573061 | 30500342 | 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 three (3) business days of application. Initial Loan Estimate dated XX/XX/XX 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 XXXXX result in additional fee tolerance violations. | Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated XX/XX/XX 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 XXXXX result in additional fee tolerance violations. (Initial/XX/XX/XX) | Reviewer Comment (2024-05-09): XXXXX Seller Comment (2024-05-08): XXXXX |
05/09/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98103460 | 30552968 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 05/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | ME | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98103460 | 30552980 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | The file is missing documentation confirming the condo project is warrantable. | Reviewer Comment (2024-05-20): XXXXX |
05/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | ME | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93558818 | 30557608 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.95220% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $14,823.40 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,979.88 (an overage of $5,843.52 or 1.95220%). | XXXXX Points and Fees exceed allowable threshold by $5,843.52 or 1.95220%. | 05/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93558818 | 30557611 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after XX/XX/XX contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Corrected Closing Disclosure provided on or after XX/XX/XX contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Reviewer Comment (2024-05-22): XXXXX Seller Comment (2024-05-20): XXXXX |
05/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TRID timing exception, no remediation available. | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93558818 | 30557631 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
05/15/2024 | 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 | ||||||
| XXXX | XXXX | XXXX | XXXX | 93558818 | 30620467 | 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 ___. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. |
$8K residual income >3yrs on current job |
Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2024-05-24): XXXXX |
05/24/2024 | 2 | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXX | XXXX | XXXX | XXXX | 93558818 | 30620468 | 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 ___. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. |
$8K residual income >3yrs on current job |
Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2024-05-24): XXXXX |
05/24/2024 | 2 | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXX | XXXX | XXXX | XXXX | 93558818 | 30621106 | Credit | Guideline | Guideline Issue | Guideline | Refi Purpose reflects Rate/Term and cash out greater than the lesser of 2% of the loan amount or $2000. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. |
$8K residual income >3yrs on current job |
Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2024-05-24): XXXXX |
05/24/2024 | 2 | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 90336884 | 30808471 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | The file is missing the copy of initial 1003. | Reviewer Comment (2024-06-24): XXXXX Seller Comment (2024-06-21): XXXXX |
06/24/2024 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90336884 | 30808681 | 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 three (3) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Reviewer Comment (2024-06-24): XXXXX Seller Comment (2024-06-21): XXXXX |
06/24/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 90336884 | 30923812 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2024-06-26): XXXXX Seller Comment (2024-06-25): XXXXX |
06/26/2024 | 1 | A | A | A | A | A | FL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 90336884 | 30923813 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines Not Provided | Ability to Repay (Dodd-Frank XXXXX): Unable to determine ability to repay due to missing guidelines. Loan characteristics are DTI: 38.00306%, LTV/CLTV: 70.00000%/70.00000%, Credit Score: 801, Occupancy: Primary, Purpose: Purchase, | Unable to determine ability to repay due to missing guidelines. Loan characteristics are DTI: 38.00306%, LTV/CLTV: 70.00000%/70.00000%, Credit Score: 801, Occupancy: Primary, Purpose: Purchase. | Reviewer Comment (2024-06-26): XXXXX Seller Comment (2024-06-25): XXXXX |
06/26/2024 | 1 | A | A | A | A | A | FL | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 94969124 | 30683104 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 06/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96984348 | 30682705 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 06/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96984348 | 30682750 | Compliance | Compliance | State Compliance | State Defect | Maryland Ability to Repay Not Verified | XXXXX SB270: File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment using PITI payment based on fully indexed rate, if applicable. | File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment using PITI payment based on fully indexed rate, if applicable. | Reviewer Comment (2024-06-12): XXXXX |
06/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95082467 | 30706951 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 06/06/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99332115 | 31208550 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 07/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91077869 | 30693435 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Per guidelines two (2) months of business bank statements must be provided to validate borrower utilizes separate bank accounts for personal and business banking transactions. Missing two months business bank statements. | Reviewer Comment (2024-06-07): XXXXX Seller Comment (2024-06-06): XXXXX |
06/07/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91077869 | 30693439 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Per guidelines two (2) months of business bank statements must be provided to validate borrower utilizes separate bank accounts for personal and business banking transactions. Missing two months business bank statements. | Reviewer Comment (2024-06-07): XXXXX Seller Comment (2024-06-06): XXXXX |
06/07/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90281570 | 30695982 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | The file was missing proof the disclosure was provided to the borrower(s) within 3 days of the application date. | 06/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90281570 | 30697084 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Need supporting document to verify propety taxes for the following properties: XXXXX and XXXXX | Reviewer Comment (2024-06-28): XXXXX Seller Comment (2024-06-28): XXXXX Reviewer Comment (2024-06-26): XXXXX Seller Comment (2024-06-26): XXXXX Reviewer Comment (2024-06-19): XXXXX Seller Comment (2024-06-18): XXXXX Reviewer Comment (2024-06-17): XXXXX Seller Comment (2024-06-17): XXXXX Reviewer Comment (2024-06-14): XXXXX Seller Comment (2024-06-13): XXXXX |
06/28/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90281570 | 30697088 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file was missing a copy of the final title policy. | Reviewer Comment (2024-06-26): XXXXX |
06/26/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99803353 | 30717403 | 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. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2024-06-14): XXXXX Seller Comment (2024-06-14): XXXXX |
06/14/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91307988 | 30924277 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | The file was missing a copy of Final 1003. | Reviewer Comment (2024-06-27): XXXXX Seller Comment (2024-06-27): XXXXX |
06/27/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90043699 | 31041280 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Evidence of earlier borrower receipt was not found in file. | 07/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99988961 | 30769668 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 06/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99988961 | 30769669 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 06/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94724495 | 31098317 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 07/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94724495 | 31099065 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | The file was missing a copy of Security Instrument. | Reviewer Comment (2024-07-19): XXXXX |
07/19/2024 | 1 | D | A | D | A | D | A | D | A | D | A | SC | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95610334 | 31016102 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
07/01/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 95610334 | 31016162 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 07/01/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95610334 | 31016167 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $160.90 exceeds tolerance of $94.00. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee was last disclosed as $94.00 on LE but disclosed as 160.90 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-07-01): XXXXX |
07/01/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95610334 | 31016168 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $906.40 exceeds tolerance of $880.00. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee was last disclosed as $880.00 on LE but disclosed as 906.40 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-07-01): XXXXX |
07/01/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94853765 | 30779774 | 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 (2024-06-19): XXXXX Seller Comment (2024-06-19): XXXXX |
06/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94853765 | 30779775 | 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. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2024-06-21): XXXXX Seller Comment (2024-06-20): XXXXX |
06/21/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96099194 | 30834621 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | Purchase Agreement / Sales Contract not provided. | Reviewer Comment (2024-06-26): XXXXX Seller Comment (2024-06-25): XXXXX |
06/26/2024 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Purchase | D | B | D | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96099194 | 30834631 | 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. | Preliminary title policy does not state a coverage amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
06/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | D | B | D | B | A | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 95989758 | 30707049 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 06/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 95989758 | 30707078 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Representative FICO score of 628 is less than Guideline representative FICO score of 640. | Reviewer Comment (2024-06-18): XXXXX Reviewer Comment (2024-06-12): XXXXX Seller Comment (2024-06-11): XXXXX |
06/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95736906 | 30790072 | 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. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2024-07-05): XXXXX Seller Comment (2024-06-28): XXXXX |
07/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95736906 | 30790144 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.39674% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $18,037.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $15,930.26 (an overage of $2,106.74 or .39674%). | XXXXX Points and Fees exceed allowable threshold of $2,106.74 or .39674% | 06/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95736906 | 30790148 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $695.00 exceeds tolerance of $650.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee Amount of $695.00 exceeds tolerance of $650.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-06-14): XXXXX |
06/14/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95817230 | 30706690 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 06/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 95817230 | 30706827 | 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. | Preliminary title policy does not state a coverage amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
06/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92327588 | 30940091 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 06/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92327588 | 30940092 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.30249% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $20,878.57 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $1,191.07 or .30249%). | XXXXX Points and Fees exceed allowable threshold by $1,191.07 or .30249% | 06/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95619776 | 30995525 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 06/28/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95619776 | 30995526 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.32479% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $14,340.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $12,939.61 (an overage of $1,400.89 or .32479%). | XXXXX Points and Fees exceed allowable threshold by $1,400.89 or .32479%. | 06/28/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95619776 | 30995529 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $798.60 exceeds tolerance of $675.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-06-28): XXXXX |
06/28/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92378358 | 31092390 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $737.70 exceeds tolerance of $645.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as $645.00 on LE but disclosed as $737.70 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 $92.70, 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 (2024-07-11): XXXXX |
07/11/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92378358 | 31092401 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
07/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 91187416 | 30935435 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 06/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97338228 | 30978685 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 06/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 97858131 | 31008804 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | override | 06/28/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96457626 | 31119651 | 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 three (3) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2024-07-19): XXXXX Seller Comment (2024-07-18): XXXXX |
07/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96457626 | 31120037 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $945.00 exceeds tolerance of $925.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $945.00 exceeds tolerance of $925.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-07-15): XXXXX |
07/15/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Second Home | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96457626 | 31120038 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $5,720.00 exceeds tolerance of $5,500.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $5,720.00 exceeds tolerance of $5,500.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-07-15): XXXXX |
07/15/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Second Home | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98345586 | 31151511 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.32674% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $7,522.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $5,215.47 (an overage of $2,306.53 or 1.32674%). | XXXXX Points and Fees exceed allowable threshold by $2,306.53 or 1.32674% . | 07/16/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98345586 | 31151514 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $375.00 exceeds tolerance of $168.00 plus 10% or $184.80. Sufficient or excess cure was provided to the borrower at Closing. | 10% tolerance was exceeded by $207.00 due to increase of recording fee. No valid COC provided, excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-07-16): XXXXX |
07/16/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Second Home | Purchase | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98345586 | 31151537 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
07/16/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 97202597 | 31318042 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 08/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92055922 | 31012899 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
07/01/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 90060979 | 31071412 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
07/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93749581 | 31084550 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 07/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93749581 | 31084551 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (1st Lien, Escrow Not Established) | Federal Higher-Priced Mortgage Loan (XXXXX): Mandatory escrow account not established on 1st lien mortgage loan. | Mandatory escrow account not established on 1st lien mortgage loan. | Reviewer Comment (2024-07-18): XXXXX Seller Comment (2024-07-18): XXXXX Reviewer Comment (2024-07-15): XXXXX Seller Comment (2024-07-15): XXXXX |
07/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93749581 | 31084552 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.32479% or Final Disclosure APR of 8.39900% is equal to or greater than the threshold of APOR 6.55% + 1.5%, or 8.05000%. Non-Compliant Higher Priced Mortgage Loan. | Final Disclosure APR of 8.39900% is equal to or greater than the threshold of APOR 6.55% + 1.5%, or 8.05000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-07-18): XXXXX Reviewer Comment (2024-07-15): XXXXX Seller Comment (2024-07-15): XXXXX |
07/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93749581 | 31084554 | 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 XXXXX): Creditor did not provide a copy of revised valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of revised valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2024-07-18): XXXXX |
07/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93749581 | 31084558 | Compliance | Compliance | State Compliance | State HPML | (State HPML) California Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) | XXXXX Higher-Priced Loan: APR on subject loan of 8.32479% or Final Disclosure APR of 8.39900% is equal to or greater than the threshold of APOR 6.55% + 1.5%, or 8.05000%. Compliant Higher Priced Loan. | Final Disclosure APR of 8.39900% is equal to or greater than the threshold of APOR 6.55% + 1.5%, or 8.05000%. Compliant Higher Priced Loan. | Reviewer Comment (2024-07-18): XXXXX |
07/18/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | The cure available on a CA HPML loan is dependent upon which prohibited practice is violated. For any loan with an HPML prepayment penalty violation, the loan CANNOT be cured. For any loan without an HPML prepayment penalty violation, the loan can be cured as follows: Within 90 days of closing: (1) notify borrower; (2) at borrower's option: offer to make the loan compliant with HPML provisions or change terms in a manner beneficial to the borrower so the loan is no longer HPML; and (3) take appropriate action based on borrower's choice. (Limited Use Bona Fide Errors - Compliance and Client Approval Required) Within 120 days of discovery or receipt of complaint, 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) signed borrower choice letter to either (a) accept refund and make loan non-higher-priced loan or (b) keep loan as higher-priced and make loan compliant; (5) If option 4(a) is selected, copy of refund check and proof of mailing; (6) If option 4(b) is selected, proof of cure for each of the prohibited practice violations. 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 | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93749581 | 31084613 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | File is missing copy of Initial rate lock document. | Reviewer Comment (2024-07-18): XXXXX Seller Comment (2024-07-18): XXXXX Reviewer Comment (2024-07-15): XXXXX Seller Comment (2024-07-13): XXXXX |
07/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93749581 | 31101264 | 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. | 07/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93749581 | 31187705 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Updated credit report to be provided. | Reviewer Comment (2024-07-23): XXXXX Seller Comment (2024-07-23): XXXXX |
07/23/2024 | 1 | A | A | A | A | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 91124249 | 31156823 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 07/17/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92175434 | 31084676 | 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. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end Date. | Reviewer Comment (2024-07-16): XXXXX Seller Comment (2024-07-16): XXXXX |
07/16/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93798105 | 31085202 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 07/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93798105 | 31085203 | 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 (2024-07-18): XXXXX |
07/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | SC | 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 | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99238228 | 31081188 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.05227% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $12,882.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $12,661.88 (an overage of $220.62 or .05227%). | XXXXX Points and Fees exceed allowable threshold by $$220.62 or .05227% | 07/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99238228 | 31081190 | Compliance | Compliance | State Compliance | State HPML | Massachusetts HPML Threshold Test Compliant | XXXXX Higher-Priced Mortgage Loan: APR on subject loan of 8.74915% or Final Disclosure APR of 8.74900% is equal to or greater than the threshold of APOR 6.93% + 1.5%, or 8.43000% Compliant Higher Priced Loan. | Final Disclosure APR of 8.74900% is equal to or greater than the threshold of APOR 6.93% + 1.5%, or 8.43000% | Reviewer Comment (2024-07-18): XXXXX Reviewer Comment (2024-07-15): XXXXX Seller Comment (2024-07-15): XXXXX |
07/18/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95433845 | 31127872 | 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. | Preliminary title policy does not state a coverage amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
07/16/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 94605022 | 31173040 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
07/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 98059567 | 31263725 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
08/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93082407 | 31364362 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
08/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MO | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 93082407 | 31364414 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided | 08/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MO | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93082407 | 31376619 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Security Instrument Error: Security instrument maturity date and note maturity date do not concur. | The secirity instrument maturity date does not match the note date. | Reviewer Comment (2024-08-23): XXXXX Seller Comment (2024-08-23): XXXXX |
08/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93082407 | 31376622 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Security Instrument Error: Security instrument loan amount and note original loan amount do not concur. | The security instrument loan amount does not match the loan amount stated on the note. | Reviewer Comment (2024-08-28): XXXXX Seller Comment (2024-08-23): XXXXX |
08/28/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 94483843 | 30893926 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The preliminary title report in file disclosed $XXXXX of title insurance coverage; however this is less than the loan amount of $XXXXX. Provide a copy of the final title policy or a supplemental title report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX Reviewer Comment (2024-04-08): XXXXX Buyer Comment (2024-04-08): XXXXX |
04/08/2024 | 1 | B | A | B | A | B | A | B | A | B | A | UT | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 94483843 | 30893927 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.57238% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $5,959.67 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $5,004.78 (an overage of $954.89 or .57238%). | XXXXX - 3% Points and Fees | Buyer Comment (2024-04-05): XXXXX |
04/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94483843 | 30893929 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Reviewer Comment (2024-04-19): XXXXX |
04/19/2024 | 1 | B | A | C | A | B | A | C | A | B | A | UT | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94483843 | 30893930 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Schedule C | Ability to Repay (Dodd-Frank XXXXX): Unable to verify Sole Proprietorship income using reasonably reliable third-party records. | Missing all income documents required under XXXXX. | Reviewer Comment (2024-04-19): XXXXX Buyer Comment (2024-04-19): XXXXX |
04/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94483843 | 30893931 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank XXXXX): General Ability-to-Repay requirements not satisfied. | General Ability-to-Repay requirements not satisfied. | Reviewer Comment (2024-04-19): XXXXX |
04/19/2024 | 1 | A | A | A | A | A | A | A | A | A | A | UT | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94483843 | 30893932 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2024-04-10): XXXXX Buyer Comment (2024-04-09): XXXXX |
04/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94483843 | 30893933 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Based on the loan failing one or more guideline components, the loan is at ATR risk. | Reviewer Comment (2024-04-19): XXXXX |
04/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94483843 | 30893934 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank XXXXX): 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 provided however without a waiver. | Buyer Comment (2024-04-05): XXXXX |
04/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94483843 | 30893935 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Please provide Lender approval to clarify which Non QM program is being utilized. | Reviewer Comment (2024-04-19): XXXXX Buyer Comment (2024-04-17): XXXXX Reviewer Comment (2024-04-11): XXXXX Buyer Comment (2024-04-09): XXXXX Reviewer Comment (2024-04-08): XXXXX Buyer Comment (2024-04-04): XXXXX |
04/19/2024 | 1 | A | A | A | A | A | UT | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 94483843 | 30893936 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | New Exception as result of documentation provided. Require 2nd Month Consecutive bank statement for XXXXX & XXXXX | Reviewer Comment (2024-04-18): XXXXX Buyer Comment (2024-04-17): XXXXX |
04/18/2024 | 1 | A | A | A | A | A | UT | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 99939889 | 31330253 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | HUD, Closing Disclosure or settlement statement not found in the file | Reviewer Comment (2024-08-21): XXXXX Seller Comment (2024-08-19): XXXXX |
08/21/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | D | B | D | A | D | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99939889 | 31333324 | Compliance | Compliance | Federal Compliance | TRID Defect | Missing Closing Disclosure: No Document Used For Fee Testing | Missing Final Closing Disclosure. No document containing fees provided. Any applicable Federal, State or Local compliance testing is unreliable. | Closing Disclosure not provided in the file. | Reviewer Comment (2024-08-16): XXXXX Seller Comment (2024-08-14): XXXXX |
08/16/2024 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Purchase | D | B | D | A | D | B | D | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99939889 | 31333333 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization not provided in the file. | Reviewer Comment (2024-08-20): XXXXX Seller Comment (2024-08-19): XXXXX |
08/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | D | B | D | A | D | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99939889 | 31333335 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing not provided in the file. | Reviewer Comment (2024-08-26): XXXXX Seller Comment (2024-08-26): XXXXX Reviewer Comment (2024-08-20): XXXXX Seller Comment (2024-08-19): XXXXX |
08/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | D | B | D | A | D | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99939889 | 31333340 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution document not provided in the file. | Reviewer Comment (2024-08-20): XXXXX Seller Comment (2024-08-19): XXXXX |
08/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | D | B | D | A | D | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99939889 | 31333341 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement not provided in the file. | Reviewer Comment (2024-08-20): XXXXX Seller Comment (2024-08-19): XXXXX |
08/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | D | B | D | A | D | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99939889 | 31333343 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Appraisal report not provided in the file. | Reviewer Comment (2024-08-14): XXXXX Seller Comment (2024-08-14): XXXXX |
08/14/2024 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Purchase | D | B | D | A | D | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99939889 | 31333351 | 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. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2024-08-14): XXXXX Seller Comment (2024-08-14): XXXXX |
08/14/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | D | B | D | A | D | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99939889 | 31333393 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file was missing a copy of the final title policy. | Reviewer Comment (2024-09-10): XXXXX |
09/10/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Investment | Purchase | D | B | D | A | D | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99939889 | 31333399 | 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 disclosed an amount of title insurance coverage that is less than the loan amount. 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 (2024-09-10): XXXXX Seller Comment (2024-09-10): XXXXX |
09/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | D | B | D | A | D | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99939889 | 31333403 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | The file is missing a copy of the valuation required for securitization purposes. | Reviewer Comment (2024-08-16): XXXXX |
08/16/2024 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Purchase | D | B | D | A | D | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99939889 | 31333609 | Credit | Guideline | Guideline Issue | Guideline | The file does not contain evidence of the Contract Sales Price. | Appraisal Report missing in the file. | Reviewer Comment (2024-08-16): XXXXX |
08/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | D | B | D | A | D | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99939889 | 31375759 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-08-20): XXXXX Seller Comment (2024-08-19): XXXXX |
08/20/2024 | 1 | A | A | A | A | A | TX | Investment | Purchase | D | B | D | A | D | B | D | A | N/A | No | ||||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 99939889 | 31375761 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 08/14/2024 | 2 | B | B | B | B | B | TX | Investment | Purchase | D | B | D | A | D | B | D | A | N/A | No | ||||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 96504718 | 31074032 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $331.00 exceeds tolerance of $325.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-07-09): XXXXX |
07/09/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91888798 | 31096924 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $4,440.00 exceeds tolerance of $4,320.00. Sufficient or excess cure was provided to the borrower at Closing. | Transfer Tax was last disclosed as $4,320.00 on LE but disclosed as $4,440.00 on Final Closing Disclosure. File does not contain a valid COC for this fee, cure was provided to the borrower at Closing. | Reviewer Comment (2024-07-11): XXXXX |
07/11/2024 | 1 | A | A | A | A | A | A | A | A | A | A | VA | Primary | Refinance - Rate/Term | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 90933897 | 31246154 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 07/31/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98699703 | 31319461 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 08/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Rate/Term | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 98699703 | 31319598 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
08/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Rate/Term | B | B | B | B | B | B | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 93049943 | 31588865 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $0.00 is less than Cash From Borrower $17,633.02. | Seller Comment (2024-09-18): XXXXX Reviewer Comment (2024-09-18): XXXXX Seller Comment (2024-09-17): XXXXX |
09/18/2024 | 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 | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93049943 | 31588871 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. | Seller Comment (2024-09-18): XXXXX Reviewer Comment (2024-09-18): XXXXX Seller Comment (2024-09-17): XXXXX |
09/18/2024 | 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 | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92811074 | 31174359 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.51572% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $13,342.58 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,864.08 (an overage of $4,478.50 or 1.51572%). | XXXXX point and Fees exceed allowable threshold by $4,478.50 or 1.51572%. | 07/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92811074 | 31174362 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Originator Compensation (YSP). Fee Amount of $8,277.50 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Loan Originator Compensation (YSP) 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 $8,277.50, 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 (2024-07-29): XXXXX Seller Comment (2024-07-25): XXXXX |
07/29/2024 | 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 | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99075735 | 31309187 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after XX/XX/XX contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Page 5 of the initial Closing Disclosure not provided. Unable to determine Loan Calculations. | Reviewer Comment (2024-08-20): XXXXX Seller Comment (2024-08-19): XXXXX Reviewer Comment (2024-08-13): XXXXX Seller Comment (2024-08-12): XXXXX |
08/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | TRID timing exception, no remediation available. | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99075735 | 31309188 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $587.70 exceeds tolerance of $495.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-08-07): XXXXX |
08/07/2024 | 1 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91974742 | 31053813 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.63145% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $32,512.60 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $21,059.89 (an overage of $11,452.71 or 1.63145%). | XXXXX Points and Fees exceed allowable threshold by $11,452.71 or 1.63145%. | 07/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | C | B | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91974742 | 31054181 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-07-12): XXXXX Seller Comment (2024-07-12): XXXXX |
07/12/2024 | 1 | D | A | D | A | D | A | D | A | D | A | AZ | Primary | Purchase | D | B | C | B | C | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91974742 | 31054922 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2024-07-16): XXXXX Buyer Comment (2024-07-10): XXXXX |
07/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | D | B | C | B | C | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91974742 | 31054932 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Verified liquid assets in the amount of $0.00 are insufficient to meet cash to close of $83516.51. Final 1008 reflects $208,199.42 verified, however, access to business funds or cash flow analysis not provided | Reviewer Comment (2024-07-16): XXXXX Buyer Comment (2024-07-10): XXXXX |
07/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | D | B | C | B | C | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91974742 | 31055005 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-07-16): XXXXX Buyer Comment (2024-07-10): XXXXX |
07/16/2024 | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | D | B | C | B | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91974742 | 31055006 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-07-16): XXXXX Buyer Comment (2024-07-10): XXXXX |
07/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | D | B | C | B | C | B | D | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91974742 | 31075370 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Missing letter from company's CPA providing a statement indicating withdrawal of the funds will not negatively impact the business OR meet XXXXX guidance for cash flow analysis. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-07-16): XXXXX Buyer Comment (2024-07-10): XXXXX |
07/16/2024 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Primary | Purchase | D | B | C | B | C | B | D | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99269229 | 31373316 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | The file was missing proof the disclosure was provided to the borrower(s) within 3 days of the application date. | 08/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | C | B | C | A | B | B | A | A | Non QM | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99269229 | 31373317 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.54751% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $4,451.88 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $439.38 or .54751%). | XXXXX Points and Fees exceed allowable threshold by $439.38 or .54751%. | 08/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99269229 | 31373340 | 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. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end Date. | Reviewer Comment (2024-08-22): XXXXX Seller Comment (2024-08-22): XXXXX |
08/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | B | C | A | B | B | A | A | Non QM | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91640931 | 31187090 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.59123% is in excess of the investor allowable maximum of the greater of .00000% of the Federal Total Loan Amount and $3914.00 (XXXXX). Points and Fees total $4,439.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $3,914.00 and $3914.00 (XXXXX) (an overage of $525.00 or 4.59123%). | XXXXX Points and Fees exceed allowable threshold by $525.00 or 4.59123%. | 07/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91640931 | 31222599 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $132.00 exceeds tolerance of $63.00 plus 10% or $69.30. Sufficient or excess cure was provided to the borrower at Closing. | 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 (2024-07-29): XXXXX |
07/29/2024 | 1 | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 91640931 | 31222600 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $717.70 exceeds tolerance of $625.00. Sufficient or excess cure was provided to the borrower at Closing. | 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 (2024-07-29): XXXXX |
07/29/2024 | 1 | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 96802173 | 31331101 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after XX/XX/XX contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Corrected Closing Disclosure provided on or after XX/XX/XX contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Reviewer Comment (2024-08-15): XXXXX Seller Comment (2024-08-14): XXXXX |
08/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | TRID timing exception, no remediation available. | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96802173 | 31331102 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $622.70 exceeds tolerance of $550.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as $550.00 on LE but disclosed as $622.70 on Final Closing Disclosure. File does not contain a valid COC for this fee, However evidence of cure in file in the amount of $72.70. | Reviewer Comment (2024-08-09): XXXXX |
08/09/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96802173 | 31331117 | 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. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2024-09-04): XXXXX Seller Comment (2024-09-04): XXXXX |
09/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91840248 | 31285785 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.05183% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,896.13 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,807.97 (an overage of $3,088.16 or 1.05183%). | XXXXX Points and Fees exceed allowable threshold by $3,088.16 or 1.05183%. | 08/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91840248 | 31285788 | Compliance | Compliance | State Compliance | Misc. State Level | Michigan CMPA Home Loan Toolkit Status | XXXXX Consumer Mortgage Protection Act: Home Loan Toolkit not provided to borrower. | Home Loan Toolkit not provided to borrower. | Reviewer Comment (2024-08-12): XXXXX Seller Comment (2024-08-09): XXXXX |
08/12/2024 | 1 | B | A | B | A | B | A | B | A | B | A | MI | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93821180 | 31283174 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
08/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98486303 | 31286227 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 08/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98486303 | 31286228 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.71152% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $26,812.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $21,672.38 (an overage of $5,140.12 or .71152%). | XXXXX Points and Fees exceed allowable threshold by $5,140.12 or 71152%. | 08/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98486303 | 31286247 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Second Appraisal 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 $92.70, 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 (2024-08-26): XXXXX Seller Comment (2024-08-23): XXXXX |
08/26/2024 | 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 | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98486303 | 31286378 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
08/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 95896538 | 31318440 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-08-19): XXXXX Reviewer Comment (2024-08-13): XXXXX |
08/19/2024 | 1 | D | A | D | A | D | A | D | A | D | A | AL | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95896538 | 31341182 | Credit | Credit | Credit Documentation | Credit | Missing Document: Occupancy Certificate not provided | Occupancy Certificate not provided. | Reviewer Comment (2024-08-13): XXXXX |
08/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99114758 | 31211829 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
07/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 99114758 | 31211863 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 07/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97427797 | 31284069 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 08/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 96236315 | 31285522 | 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 XXXXX): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. | The file was missing a copy of the Homeownership Counseling disclosure or proof of the borrower's receipt within 3 days of the application date. | 08/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96236315 | 31286375 | Compliance | Compliance | Federal Compliance | FACTA | Federal FACTA Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | 08/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 91442576 | 31226047 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 6.04362% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $14,096.75 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $2,434.25 or 1.04362%). | XXXXX Point and Fees exceed allowable threshold of $2,434.25 or 1.04362% | 07/29/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95015094 | 31597494 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
09/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95015094 | 31597512 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Maximum Loan Amount discrepancy. | Note loan amount of ___ is greater than Guideline maximum loan amount of ___. | Note loan amount of $XXXXX is greater than Guideline maximum loan amount of $XXXXX. | Borrower has owned the subject property for at least 5 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-09-25): XXXXX Reviewer Comment (2024-09-17): XXXXX |
09/25/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92941714 | 31374569 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 08/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92941714 | 31374607 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | File is missing copy of Flood Certificate. | Reviewer Comment (2024-08-20): XXXXX Seller Comment (2024-08-19): XXXXX |
08/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97543336 | 31257212 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 08/01/2024 | 2 | B | B | B | B | B | B | B | B | B | B | KS | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97543336 | 31258860 | Compliance | Compliance | Federal Compliance | TRID | TRID Lender Credit Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-590.50 exceeds tolerance of $-683.20. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-08-01): XXXXX |
08/01/2024 | 1 | A | A | A | A | A | A | A | A | A | A | KS | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99568450 | 31266512 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.20678% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $5,471.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $3,901.91 (an overage of $1,569.59 or 1.20678%). | XXXXX Points and Fees exceed allowable threshold by $1569.59 or 1.20678%. | 08/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99568450 | 31266516 | Compliance | Compliance | State Compliance | Misc. State Level | Colorado Consumer Credit Code (First Lien Refinance Notice Not Provided) | XXXXX Consumer Credit Code: Borrower not provided First Lien Refinance Notice. | Borrower not provided First Lien Refinance Notice. | Reviewer Comment (2024-08-14): XXXXX Seller Comment (2024-08-12): XXXXX |
08/14/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CO | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99568450 | 31266519 | Compliance | Compliance | State Compliance | Misc. State Level | Colorado HLPP Broker TNB Test | XXXXX Home Loan (HB1322): Unable to determine if brokered mortgage loan has a tangible net benefit to the borrower due to missing prior loan information. | Unable to determine if brokered mortgage loan has a tangible net benefit to the borrower due to missing prior loan information. | Reviewer Comment (2024-08-14): XXXXX Seller Comment (2024-08-12): XXXXX |
08/14/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CO | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99568450 | 31266524 | 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 three (3) business days prior to closing. | Final LE is required to be received by borrower at least 1 day prior to Initial CD. Based on documentation in file, Final LE was received by borrower on or after date Initial CD was received. Evidence of earlier receipt of LE was not located in file. | Reviewer Comment (2024-08-09): XXXXX Seller Comment (2024-08-08): XXXXX |
08/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94685253 | 31285237 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.26303% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $15,206.13 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,667.70 (an overage of $6,538.43 or 2.26303%). | XXXXX Points and Fees exceed allowable threshold by $6,538.43 or 2.26303%. | 08/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94685253 | 31285239 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-08-06): XXXXX |
08/06/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91436599 | 31223456 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
07/29/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92428368 | 31273077 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 08/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92428368 | 31274694 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
08/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 92603855 | 31375728 | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. | Calculated Available for Reserves of $131,371.50 is less than Guideline Available for Reserves of $181,916.74.. The 1003 indicates net proceeds from the sale of a property were used to qualify, however supporting docs were not provided. Also, per investor XXXXX guidelines: Proceeds from a Refinance on subject property XXXXX not be used to meet reserve requirements. | Borrower has been employed in the same industry for more than 5 years. Borrower has owned the subject property for at least 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-09-03): XXXXX Seller Comment (2024-08-30): XXXXX Reviewer Comment (2024-08-23): XXXXX Seller Comment (2024-08-22): XXXXX |
09/03/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 95952274 | 31349751 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 08/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93155166 | 31371987 | Credit | Guideline | Guideline Issue | Guideline | Borrower is a first time home buyer and ineligible per guidelines. | - | Borrower is First Time Home Buyer and ineligible per guidelines. | Reviewer Comment (2024-08-27): XXXXX Reviewer Comment (2024-08-26): XXXXX Seller Comment (2024-08-23): XXXXX |
08/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93888913 | 31430211 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.29329% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $13,919.80 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $12,680.15 (an overage of $1,239.65 or .29329%). | XXXXX Points and Fees exceed allowable threshold by $1,239.65 or .29329%. | 08/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93888913 | 31430213 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $628.60 exceeds tolerance of $505.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $628.60 exceeds tolerance of $505.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-08-20): XXXXX |
08/20/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98318319 | 31523901 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided | 08/28/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93161190 | 31331938 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.18997% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $30,540.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $21,866.51 (an overage of $8,673.49 or 1.18997%). | XXXXX Points and Fees exceed allowable threshold by $8,673.49 or 1.18997%. | 08/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97448492 | 31382643 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
08/15/2024 | 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 | |||||||
| XXXX | XXXX | XXXX | XXXX | 92992769 | 31404266 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 08/16/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 96669326 | 31413048 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 08/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 96669326 | 31413172 | 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 ___. | Appraisal value on 1008 incorrectly taken as $950,000, actual appraisal as is value is $805,000. This difference is lead to increase in the LTV value. | Borrower has owned the subject property for at least 5 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-09-25): XXXXX Reviewer Comment (2024-09-18): XXXXX Seller Comment (2024-09-18): XXXXX |
09/25/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96669326 | 31413173 | 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 ___. | Appraisal value on 1008 incorrectly taken as $950,000, actual appraisal as is value is $805,000. This difference is lead to increase in the CLTV value. | Borrower has owned the subject property for at least 5 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-09-25): XXXXX Reviewer Comment (2024-09-18): XXXXX Seller Comment (2024-09-18): XXXXX |
09/25/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93065453 | 31361747 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The file was missing proof the disclosure was provided to the borrower(s) within 3 days of the application date. | 08/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | D | B | C | A | B | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93065453 | 31361756 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-08-21): XXXXX Seller Comment (2024-08-20): XXXXX |
08/21/2024 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Purchase | D | B | C | A | B | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93065453 | 31361767 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | File is missing a copy of Initial Rate Lock Date document. | Reviewer Comment (2024-08-21): XXXXX Seller Comment (2024-08-20): XXXXX |
08/21/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | D | B | C | A | B | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 96639718 | 31597810 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
09/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MO | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 98651564 | 31426940 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
08/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MO | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 99588387 | 31362926 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2024-08-28): XXXXX Seller Comment (2024-08-22): XXXXX |
08/28/2024 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99588387 | 31362929 | 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 was not provided to the borrower. | Reviewer Comment (2024-08-21): XXXXX |
08/21/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99588387 | 31363764 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 9.14 is less than Guideline PITIA months reserves of 12.00. | Reviewer Comment (2024-08-22): XXXXX Seller Comment (2024-08-22): XXXXX |
08/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99588387 | 31363799 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | File is missing copy of Mortgage Statement for the REO. | Reviewer Comment (2024-08-23): XXXXX Seller Comment (2024-08-23): XXXXX Reviewer Comment (2024-08-22): XXXXX Seller Comment (2024-08-22): XXXXX |
08/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99588387 | 31363971 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Based on the loan failing one or more guideline components, the loan is at ATR risk. | Reviewer Comment (2024-08-28): XXXXX Seller Comment (2024-08-22): XXXXX |
08/28/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91017525 | 31469886 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $0.00 exceeds tolerance of $-437.00. Insufficient or no cure was provided to the borrower. | Lender Credits was last disclosed as $-437.00 on LE but disclosed as $0.00 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 $-437.00, 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 (2024-08-30): XXXXX Seller Comment (2024-08-28): XXXXX |
08/30/2024 | 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 | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92784155 | 31361150 | 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. | Preliminary title policy does not state a coverage amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
08/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 92784155 | 31373504 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | CPA Letter in the file verifies use of only $75,000.00 from the Business Account. | Reviewer Comment (2024-10-01): XXXXX Seller Comment (2024-10-01): XXXXX Reviewer Comment (2024-09-12): XXXXX Seller Comment (2024-09-11): XXXXX Reviewer Comment (2024-09-10): XXXXX Seller Comment (2024-09-10): XXXXX |
10/01/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92784155 | 31373509 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | CPA Letter in the file verifies use of only $75,000.00 from the Business Account. | Reviewer Comment (2024-10-01): XXXXX Reviewer Comment (2024-09-12): XXXXX Seller Comment (2024-09-11): XXXXX Reviewer Comment (2024-09-10): XXXXX Seller Comment (2024-09-10): XXXXX |
10/01/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92784155 | 31784888 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | CPA Letter in the file verifies use of only $75,000.00 from the Business Account. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-10-01): XXXXX |
10/01/2024 | 2 | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 93457785 | 31558577 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The file was missing proof the disclosure was provided to the borrower(s) within 3 days of the application date. | 08/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93457785 | 31584649 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $178.00 exceeds tolerance of $160.00 plus 10% or $176.00. Sufficient or excess cure was provided to the borrower at Closing. | ufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-09-04): XXXXX |
09/04/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92939959 | 31604185 | Credit | Credit | Credit Documentation | Credit | Missing Document: Occupancy Certificate not provided | The file was missing a copy of the Occupancy Certificate. | Reviewer Comment (2024-09-19): XXXXX |
09/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | ID | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93664730 | 31429396 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
08/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 93664730 | 31455288 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 2.60 is less than Guideline PITIA months reserves of 3.00. Business funds are missing the required CPA letter of Cash Flow Analysis needed for usage. | Reviewer Comment (2024-08-30): XXXXX Seller Comment (2024-08-30): XXXXX |
08/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93988228 | 31569023 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Hazard Insurance in the file verified an effective date of XX/XX/XX which is after the consummation date of XX/XX/XX. Provide Hazard Insurance verifying coverage in effect at or prior to consummation. | Reviewer Comment (2024-09-18): XXXXX Seller Comment (2024-09-18): XXXXX Reviewer Comment (2024-09-16): XXXXX Seller Comment (2024-09-16): XXXXX |
09/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95530788 | 31601024 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.68132% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $16,128.20 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $13,143.28 (an overage of $2,984.92 or .68132%). | XXXXX Points and Fees exceed allowable threshold by $2,984.92 or .68132% | 09/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95530788 | 31601028 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $592.70 exceeds tolerance of $500.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as $500 on LE but disclosed as $592.70 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-09-06): XXXXX |
09/06/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97701432 | 31451934 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 08/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 97701432 | 31451945 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
08/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 90005028 | 31507419 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
08/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95669226 | 31602360 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 09/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | D | B | C | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95669226 | 31602530 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | The file is missing documentation confirming the condo project is warrantable. | Reviewer Comment (2024-09-17): XXXXX Reviewer Comment (2024-09-13): XXXXX |
09/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | D | B | C | A | B | B | D | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95669226 | 31622460 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-09-17): XXXXX Reviewer Comment (2024-09-13): XXXXX Seller Comment (2024-09-11): XXXXX |
09/17/2024 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Refinance - Rate/Term | D | B | C | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95669226 | 31622541 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per data tape received the loan program should be XXXXX program. Approval in file reflects XXXXX program was used. If data tape provided is incorrect please provide updated tape to buyer. Loan was reviewed to XXXXX program per data tape. | Reviewer Comment (2024-09-17): XXXXX |
09/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | D | B | C | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95669226 | 31670412 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.09 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2024-09-19): XXXXX |
09/19/2024 | 1 | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | D | B | C | A | B | B | D | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 98487567 | 31694033 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.19037% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $20,127.16 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $14,409.57 (an overage of $5,717.59 or 1.19037%). | XXXXX Points and Fees exceed allowable threshold by $5,717.59 or 1.19037%. | 09/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98487567 | 31694038 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $6,632.16 exceeds tolerance of $6,140.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $6,632.16 exceeds tolerance of $6,140.00. Insufficient or no cure was provided to the borrower | Reviewer Comment (2024-10-16): XXXXX Seller Comment (2024-10-15): XXXXX |
10/16/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98487567 | 31694039 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $623.60 exceeds tolerance of $500.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $623.60 exceeds tolerance of $500.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-09-26): XXXXX Seller Comment (2024-09-25): XXXXX |
09/26/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98487567 | 31694084 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
09/20/2024 | 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 | ||||||
| XXXX | XXXX | XXXX | XXXX | 98487567 | 31921080 | 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. | The subject property is located 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. | Borrower has been employed in the same industry for more than 5 years. Borrower has owned the subject property for at least 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-10-25): XXXXX Reviewer Comment (2024-10-23): XXXXX Seller Comment (2024-10-23): XXXXX |
10/25/2024 | 2 | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 98349515 | 31523840 | 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/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
08/28/2024 | 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 | |||||||
| XXXX | XXXX | XXXX | XXXX | 90978456 | 31814568 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
10/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 97039944 | 31675296 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | File does not contain documentation from lender/seller confirming the condo is warrantable. | Reviewer Comment (2024-10-07): XXXXX |
10/07/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97039944 | 31675329 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 09/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97039944 | 31675331 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $291.60 exceeds tolerance of $200.00. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $200.00 on Initial closing disclosure but disclosed as $291.61 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$91.60 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 (2024-09-24): XXXXX |
09/24/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Rate/Term | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92526028 | 31635001 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.34976% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $9,331.75 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,357.38 (an overage of $974.37 or .34976%). | XXXXX Points and Fees exceed allowable threshold by $974.37 or .34976%. | 09/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92526028 | 31637142 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $627.70 exceeds tolerance of $535.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $627.70 exceeds tolerance of $535.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-09-12): XXXXX |
09/12/2024 | 1 | A | A | A | A | A | A | A | A | A | A | UT | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99099882 | 31674862 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $742.70 exceeds tolerance of $650.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $742.70 exceeds tolerance of $650.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-09-18): XXXXX |
09/18/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99526452 | 31772138 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-3,202.71 exceeds tolerance of $-7,803.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-3,202.71 exceeds tolerance of $-7,803.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-10-10): XXXXX Seller Comment (2024-10-08): XXXXX |
10/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Rate/Term | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99526452 | 31772139 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-10-10): XXXXX |
10/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Rate/Term | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99526452 | 31772561 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank XXXXX): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Updated per document | Reviewer Comment (2024-10-09): XXXXX Reviewer Comment (2024-10-08): XXXXX Seller Comment (2024-10-07): XXXXX |
10/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Refinance - Rate/Term | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99526452 | 31874017 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing | Reviewer Comment (2024-10-10): XXXXX |
10/10/2024 | 1 | A | A | A | A | A | AZ | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 99013042 | 31628698 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | Total fees financed by lender exceed permitted threshold. HOEPA Disclosure is not located in file. | Reviewer Comment (2024-09-19): XXXXX Seller Comment (2024-09-16): XXXXX |
09/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99013042 | 31628699 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) | Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of 4% of the amount past due or grace period of less than 15 days. | Total fees financed by lender exceed permitted threshold. Late charge exceeds max of 4% of amount past due and/or grace period of 15 days. | Reviewer Comment (2024-09-19): XXXXX Seller Comment (2024-09-16): XXXXX |
09/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99013042 | 31628700 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | Total fees financed by lender exceed permitted threshold. Pre-Loan Counseling status if not located in file. | Reviewer Comment (2024-09-19): XXXXX Seller Comment (2024-09-16): XXXXX |
09/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99013042 | 31628701 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.52178% is in excess of the investor allowable maximum of the greater of .00000% of the Federal Total Loan Amount and $3914.00 (XXXXX). Points and Fees total $5,720.07 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $3,914.00 and $3914.00 (XXXXX) (an overage of $1,806.07 or 5.52178%). | XXXXX Points and Fees exceed allowable threshold by $1,806.07 or 5.52178%. | 09/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99013042 | 31628762 | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of 5.52178% is in excess of the allowable maximum of 5.00000% of the Federal Total Loan Amount. Points and Fees of $5,720.07 on a Federal Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $540.53 or .52178%). Non-Compliant High Cost Loan. | Total fees financed by lender is $5,720.07 . Threshold maximum is $5,179.54. | Reviewer Comment (2024-09-19): XXXXX Seller Comment (2024-09-16): XXXXX |
09/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Purchase | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99013042 | 31628763 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | XXXXX Fee was last disclosed as $0.00 on Initial closing disclosure but disclosed as $92.70 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. (75106) | Reviewer Comment (2024-09-11): XXXXX |
09/11/2024 | 1 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97757426 | 31618195 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-01-17): XXXXX |
09/10/2024 | 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 | |||||||
| XXXX | XXXX | XXXX | XXXX | 97332460 | 31679875 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. | 09/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93426809 | 31546639 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.18050% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $21,887.29 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $20,645.14 (an overage of $1,242.15 or .18050%). | XXXXX Points and Fees exceed allowable threshold by $1,242.15 or .18050% | 08/29/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95322760 | 31901486 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95322760 | 31901487 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.29058% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $17,931.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $16,348.01 (an overage of $1,583.49 or .29058%). | XXXXX Points and Fees exceed allowable threshold by $1,583.49 or .29058%. | 10/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95322760 | 31901492 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $3,025.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $3,025.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-10-14): XXXXX |
10/14/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95322760 | 31901493 | 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 XX/XX/XX, prior to three (3) business days from transaction date of XX/XX/XX 12:00:00 AM. | Loan was disbursed prior to midnight of third business day after consummation. Lender to re-open recission, provide copy of new right to cancel form, copy of letter of explanation sent to borrower, and proof of delivery. Note: This exception will not be cleared until expiration of new recission period. | Reviewer Comment (2024-10-21): XXXXX Seller Comment (2024-10-18): XXXXX |
10/21/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | 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 | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95322760 | 31901494 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | RTC disclosed incorrect transaction and/or expiration date. | Reviewer Comment (2024-10-21): XXXXX Seller Comment (2024-10-18): XXXXX |
10/21/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | 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 | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95322760 | 31901602 | 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. | The subject property is located in a FEMA disaster area that does not have a declared end date. | Reviewer Comment (2024-11-08): XXXXX Seller Comment (2024-11-07): XXXXX |
11/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95322760 | 32071150 | 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: ___ |
Provided Property Inspection report is already in file dated XX/XX/XX, however the most recent disaster end date was XX/XX/XX, Provide a post-disaster inspection report (after disaster end date XX/XX/XX) verifying that there was no damage. Exception remains. |
Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-08): XXXXX |
11/08/2024 | 2 | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXX | XXXX | XXXX | XXXX | 97116291 | 31547712 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $887.70 exceeds tolerance of $680.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $887.70 exceeds tolerance of $680.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-08-29): XXXXX |
08/29/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Rate/Term | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97116291 | 31548574 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
08/29/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Rate/Term | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 98565637 | 31766976 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.50718% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $7,097.42 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $4,724.07 (an overage of $2,373.35 or 1.50718%). | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.50718% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $7,097.42 on a Federal Total Loan Amount of $XXXXX | 09/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | LA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98565637 | 31766978 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $2,322.67 exceeds tolerance of $2,156.00. Insufficient or no cure was provided to the borrower. | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | Reviewer Comment (2024-10-22): XXXXX Seller Comment (2024-10-21): XXXXX Reviewer Comment (2024-10-10): XXXXX Seller Comment (2024-10-09): XXXXX |
10/22/2024 | 2 | C | B | C | B | C | B | C | B | C | B | LA | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98565637 | 31766979 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | Reviewer Comment (2024-10-03): XXXXX Seller Comment (2024-10-02): XXXXX |
10/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | LA | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98475049 | 31610822 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | override | 09/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98475049 | 31610823 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 6.66711% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $35,535.69 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $8,885.69 or 1.66711%). | XXXXX Points and Fees exceed allowable threshold by $8,885.69 or 1.66711%. | 09/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98835074 | 31674168 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 09/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99121762 | 31886834 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 10/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99121762 | 31886835 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.46508% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $5,875.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $3,947.29 (an overage of $1,927.71 or 1.46508%). | XXXXX Points and Fees exceed allowable threshold by $1,927.71 or 1.46508%. | 10/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99121762 | 31886860 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $759.00 exceeds tolerance of $550.00. Insufficient or no cure was provided to the borrower. | Transfer Tax was last disclosed as $550.00 on LE but disclosed as $759.00 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2024-11-21): XXXXX Seller Comment (2024-11-20): XXXXX Reviewer Comment (2024-11-13): XXXXX Seller Comment (2024-11-12): XXXXX Reviewer Comment (2024-10-23): XXXXX Seller Comment (2024-10-22): XXXXX Reviewer Comment (2024-10-17): XXXXX Seller Comment (2024-10-16): XXXXX |
11/21/2024 | 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 | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99121762 | 31903701 | 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. | The subject property is located in a FEMA disaster area that does not have a declared end date. | Borrower has been employed in the same industry for more than 5 years. Borrower has worked in the same position for more than 3 years. Borrower's monthly mortgage payment has decreased by at least 20%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The refinance has decreased the borrower's monthly debt payments by 20% or more. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-10-25): XXXXX Reviewer Comment (2024-10-23): XXXXX Seller Comment (2024-10-23): XXXXX |
10/25/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99121762 | 32237403 | 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 FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-22): XXXXX |
11/22/2024 | 2 | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXX | XXXX | XXXX | XXXX | 90432404 | 31970118 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.89208% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $39,128.30 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $23,994.87 (an overage of $15,133.43 or 1.89208%). | XXXXX Points and Fees exceed allowable threshold by $15,133.43 or 1.89208%. | 10/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | C | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90432404 | 31970178 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
10/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | C | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 90432404 | 31970223 | 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 does not match the Appraisals effective date. Desk Review or Field Review effective date should match with effective date of the appraisal report. | Reviewer Comment (2024-11-06): XXXXX Seller Comment (2024-11-04): XXXXX |
11/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | C | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90432404 | 31970306 | Credit | Guideline | Guideline Issue | Guideline | Refi Purpose reflects Rate/Term and cash out greater than the lesser of 2% of the loan amount or $2000. | Total Cash Out: $5,633.72; Refi Purpose: Rate/Term | Reviewer Comment (2024-11-13): XXXXX Seller Comment (2024-11-13): XXXXX |
11/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | C | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90370554 | 31861189 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.18059% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $13,811.20 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $13,026.99 (an overage of $784.21 or .18059%). | XXXXX Points and Fees threshold exceeded by an average of an overage of $784.21 or 18059%. | 10/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93010334 | 31655281 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 09/16/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | D | B | A | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93010334 | 31655287 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-1,746.70 exceeds tolerance of $-1,748.70. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-451.70 exceeds tolerance of $-1,748.70. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-09-30): XXXXX Seller Comment (2024-09-26): XXXXX |
09/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | 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 | D | B | A | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93010334 | 31655298 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-09-30): XXXXX Seller Comment (2024-09-25): XXXXX |
09/30/2024 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Primary | Refinance - Cash-out - Other | D | B | A | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93550820 | 31638446 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.21373% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $20,104.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $11,567.92 (an overage of $8,536.08 or 2.21373%). | XXXXX Points and Fees exceed allowable threshold by $8,536.08 or 2.21373%. | 09/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OK | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93550820 | 31638478 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $68.50 exceeds tolerance of $26.00. Sufficient or excess cure was provided to the borrower at Closing. | Credit report Fee was last disclosed as $26.00 on LE but disclosed as $68.50 on Final Closing Disclosure. File does not contain a valid COC for this fee, however evidence of cure in file in the amount of $42.50. | Reviewer Comment (2024-09-12): XXXXX |
09/12/2024 | 1 | A | A | A | A | A | A | A | A | A | A | OK | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 90891301 | 31911717 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.11080% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,775.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,863.43 (an overage of $2,911.57 or 1.11080%). | XXXXX Points and Fees exceed allowable threshold by $2,911.57 or 1.11080%. | 10/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90891301 | 31911720 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $325.00 exceeds tolerance of $300.00. Insufficient or no cure was provided to the borrower. | Second Appraisal Fee was last disclosed as $300.00 on LE but disclosed as $325.00 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 $25.00, 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 (2024-11-22): XXXXX Seller Comment (2024-11-20): XXXXX Reviewer Comment (2024-10-25): XXXXX Seller Comment (2024-10-24): XXXXX |
11/22/2024 | 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 | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93871264 | 31575516 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 09/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93871264 | 31575519 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $90.00 exceeds tolerance of $80.00 plus 10% or $88.00. Sufficient or excess cure was provided to the borrower at Closing. | 10%tolerance was exceeded by $90.00 due to increase of Recording fee in CD. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure, 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 (2024-09-04): XXXXX |
09/04/2024 | 1 | A | A | A | A | A | A | A | A | A | A | UT | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94100669 | 31900130 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | override | 10/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94100669 | 31900133 | Compliance | Compliance | State Compliance | State Defect | Illinois SB 1894 | XXXXX (SB 1894) - Certificate of Compliance or Exemption not attached to mortgage for recording. | Certificate of Compliance or Exemption not attached to mortgage for recording. | Reviewer Comment (2024-10-22): XXXXX Seller Comment (2024-10-21): XXXXX |
10/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94100669 | 31900134 | 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 three (3) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2024-10-29): XXXXX Seller Comment (2024-10-28): XXXXX Reviewer Comment (2024-10-23): XXXXX Seller Comment (2024-10-22): XXXXX |
10/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Rate/Term | No Defined Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94100669 | 31900848 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 5.68 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX Reviewer Comment (2024-11-06): XXXXX Seller Comment (2024-11-06): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94100669 | 31900928 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-06): XXXXX |
11/11/2024 | 1 | B | A | C | A | B | A | C | A | B | A | IL | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94100669 | 31900929 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Ability to repay is impacted due to reserve requirement is not met. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-06): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94100669 | 31901647 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Verified liquid assets in the amount of $19,263.28 are insufficient to meet cash to close of $21,404.09. | Reviewer Comment (2024-11-11): XXXXX Reviewer Comment (2024-11-06): XXXXX Seller Comment (2024-11-06): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97104970 | 31599147 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 09/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97104970 | 31599199 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
09/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 97916417 | 31735198 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 09/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97916417 | 31735199 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.05783% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $15,964.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $15,662.07 (an overage of $301.93 or .05783%). | XXXXX Points and Fees exceed allowable threshold by $301.93 or .05783%. | 09/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93312847 | 31720351 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
09/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 93312847 | 31720364 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | File is missing Mortgage document to verify additional expense of $268.08 for REO property. | Reviewer Comment (2024-10-03): XXXXX Seller Comment (2024-10-02): XXXXX |
10/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97815393 | 31721655 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | override | 09/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97815393 | 31721656 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 7.34214% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $53,689.38 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $17,126.88 or 2.34214%). | XXXXX Points and Fees exceed allowable threshold by $17,126.88 or 2.34214%. | 09/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | N/A | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97815393 | 31722025 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
09/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | N/A | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 93987238 | 31656627 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 09/16/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92405953 | 31674694 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.59724% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $15,835.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $13,206.38 (an overage of $2,629.12 or .59724%). | XXXXX Points and Fees exceed allowable threshold by $$2,629.12 or .59724% | 09/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | LA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92405953 | 31674698 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $8,376.75 exceeds tolerance of $4,934.25. Insufficient or no cure was provided to the borrower. | Loan Discount points was last disclosed as $1951.00 on LE but disclosed as $8376.75 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 $6425.75, 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 (2024-09-24): XXXXX Seller Comment (2024-09-23): XXXXX |
09/24/2024 | 1 | C | A | C | A | C | A | C | A | C | A | LA | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92405953 | 31674699 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $668.60 exceeds tolerance of $665.00. Insufficient or no cure was provided to the borrower. | Appraisal fee was last disclosed as $665.00 on LE but disclosed as $668.60 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 $3.60, 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 (2024-09-24): XXXXX Seller Comment (2024-09-23): XXXXX |
09/24/2024 | 1 | C | A | C | A | C | A | C | A | C | A | LA | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92405953 | 31719916 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $668.60 exceeds tolerance of $665.00. Sufficient or excess cure was provided to the borrower at Closing. | 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 (2024-09-24): XXXXX |
09/24/2024 | 1 | A | A | A | A | A | LA | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 95830379 | 31798541 | 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 three (3) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2024-10-09): XXXXX Seller Comment (2024-10-08): XXXXX |
10/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98590282 | 31646001 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
09/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 98590282 | 31646087 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.93843% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $25,159.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $15,283.60 (an overage of $9,875.40 or 1.93843%). | XXXXX Points and Fees threshold exceeded by an overage of $9,875.40 or 1.93843% | 09/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98590282 | 31646089 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-09-27): XXXXX |
09/27/2024 | 1 | B | A | C | A | B | A | C | A | B | A | MA | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98590282 | 31646091 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank XXXXX): General Ability-to-Repay requirements not satisfied. | ATR failure due to insufficient income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-09-27): XXXXX |
09/27/2024 | 1 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98590282 | 31646114 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank XXXXX): Unable to verify current employment status using reasonably reliable third-party records. | The file was missing a copy of the Third Party Verification of Employment. | Reviewer Comment (2024-09-27): XXXXX Seller Comment (2024-09-26): XXXXX |
09/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98590282 | 31669807 | 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 XXXXX): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of 71.33416% significantly exceeds the guideline maximum of 50.00%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of 71.33416% significantly exceeds the guideline maximum of 50.00%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | Reviewer Comment (2024-09-27): XXXXX Seller Comment (2024-09-26): XXXXX |
09/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98590282 | 31669814 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of 71.33416% exceeds Guideline total debt ratio of 50.00000%. There is no documentation in file to verify the 15% expense ratio so fixed ration of 50% was used, resulting in higher DTI. | Reviewer Comment (2024-09-27): XXXXX Seller Comment (2024-09-26): XXXXX |
09/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98590282 | 31669824 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-09-27): XXXXX |
09/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98590282 | 31765829 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2024-09-27): XXXXX |
09/27/2024 | 1 | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 98111697 | 31798664 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.99925% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $18,807.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $14,108.25 (an overage of $4,699.25 or .99925%). | XXXXX point and Fees exceed allowable threshold by $4,699.25 or .99925%. | 10/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98390764 | 31720082 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.98162% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $31,298.06 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $18,848.12 (an overage of $12,449.94 or 1.98162%). | XXXXX Points and Fees exceed allowable threshold by $12,449.94 or 1.98162% | 09/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98390764 | 31742460 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $101.69 exceeds tolerance of $100.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-09-25): XXXXX |
09/25/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95044336 | 31673888 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | File is missing a copy of Initial Rate Lock Date document. | Reviewer Comment (2024-09-23): XXXXX Seller Comment (2024-09-23): XXXXX |
09/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 95044336 | 31701042 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Per guides, funds from a business account (if the Borrower is the sole owner (or other owner is non-borrowing spouse) of the company and the company's CPA provides a statement indicating withdrawal of the funds will not negatively impact the business OR meet XXXXX guidance for cash flow analysis) XXXXX be used for down payment and reserves. File is missing either documentation. | The representative FICO score exceeds the guideline minimum by at least 40 points. | SitusAMC | Reviewer Comment (2024-09-25): XXXXX Buyer Comment (2024-09-23): XXXXX |
09/25/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94714877 | 31719481 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 09/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94492603 | 31693274 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-10-07): XXXXX Seller Comment (2024-10-02): XXXXX |
10/07/2024 | 1 | D | A | D | A | D | A | D | A | D | A | AZ | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98758511 | 32065613 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98758511 | 32065614 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.20340% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,287.99 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,342.61 (an overage of $2,945.38 or 1.20340%). | XXXXX Points and Fees exceed allowable threshold by $2,945.38 or 1.20340%. | 11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98758511 | 32065699 | Credit | Credit | Credit Documentation | Credit | Missing Document: Occupancy Certificate not provided | File is missing copy of Occupancy Certificate. | Reviewer Comment (2024-11-12): XXXXX |
11/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93543249 | 31804058 | Compliance | Compliance | State Compliance | State Defect | Maryland SB270 Prepayment Penalty Test 2009 Investment Test | XXXXX SB270: 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 (2024-10-09): XXXXX |
10/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 90111439 | 31558236 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
08/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 90111439 | 31569179 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 3.00. Business funds require CPA letter stating withdrawal of fund won't negatively harm the business or cash flow analysis supporting the same. | Reviewer Comment (2024-09-10): XXXXX Buyer Comment (2024-09-05): XXXXX |
09/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90111439 | 31569198 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Verified liquid assets in the amount of $56,373.58 are insufficient to meet cash to close of $149,637.79. Use of business funds requires CPA letter stating use of funds won't negatively impact the business. | Reviewer Comment (2024-09-10): XXXXX Buyer Comment (2024-09-05): XXXXX |
09/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90111439 | 31569209 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | CPA letter for business funds stating withdrawal won't negatively impact business is missing from the file. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-09-10): XXXXX Buyer Comment (2024-09-05): XXXXX |
09/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 90258260 | 31763138 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $165.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Review Fee was last disclosed as $0.00 on LE but disclosed as $165.00 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 $165.00, 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 (2024-09-27): XXXXX |
09/27/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94561604 | 32134315 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.57623% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,861.03 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,120.06 (an overage of $3,740.97 or 1.57623%). | XXXXX Points and Fees threshold exceed allowable threshold by $3,740.97 or 1.57623%. | 11/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94561604 | 32134355 | 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. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2024-11-22): XXXXX Seller Comment (2024-11-22): XXXXX |
11/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95897423 | 31761824 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $205.00 exceeds tolerance of $200.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $205.00 exceeds tolerance of $200.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-09-27): XXXXX |
09/27/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95897423 | 31761835 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
09/27/2024 | 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 | |||||||
| XXXX | XXXX | XXXX | XXXX | 93688569 | 31745530 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 09/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92895028 | 31888383 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file was missing a copy of the final title policy. | Reviewer Comment (2024-11-12): XXXXX |
11/12/2024 | 1 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92895028 | 31903308 | 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 (2024-11-12): XXXXX Seller Comment (2024-11-12): XXXXX |
11/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92895028 | 31903309 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Seller Comment (2024-10-17): XXXXX Reviewer Comment (2024-10-17): XXXXX Seller Comment (2024-10-16): XXXXX |
10/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92362154 | 31815330 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $807.30 exceeds tolerance of $794.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-10-04): XXXXX |
10/04/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94876970 | 31804559 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Property Inspection Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-10-03): XXXXX |
10/03/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98557404 | 31938502 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Rate Lock Fee. Fee Amount of $1,486.88 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Rate Lock Fee was last disclosed as $0.00 on LE but disclosed as $1486.88 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 $1486.88, 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 (2024-10-31): XXXXX Seller Comment (2024-10-30): XXXXX |
10/31/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98557404 | 31938563 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
10/18/2024 | 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 | |||||||
| XXXX | XXXX | XXXX | XXXX | 95737221 | 31889345 | Compliance | Compliance | State Compliance | State Defect | Rhode Island Home Loan (Prohibited Acts and Practices Regarding High-Cost Home Loans Disclosure Not Provided) | XXXXX Home Loan: Prohibited Acts and Practices Regarding High-Cost Home Loans disclosure not provided. | Prohibited Acts and Practices Regarding High-Cost Home Loans disclosure not provided. | Reviewer Comment (2024-10-17): XXXXX |
10/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95737221 | 31889346 | Compliance | Compliance | State Compliance | State Defect | Rhode Island Home Loan (Prohibited Acts and Practices Regarding Home Loans Disclosure Not Provided) | XXXXX Home Loan: Prohibited Acts and Practices Regarding Home Loans disclosure not provided. | Prohibited Acts and Practices Regarding Home Loans disclosure not provided. | Reviewer Comment (2024-10-17): XXXXX |
10/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98493017 | 31907300 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $763.60 exceeds tolerance of $690.00. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $690.00 on Initial closing disclosure but disclosed as $763.60 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 $73.60 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 (2024-12-09): XXXXX Seller Comment (2024-12-06): XXXXX Reviewer Comment (2024-11-29): XXXXX Seller Comment (2024-11-27): XXXXX Reviewer Comment (2024-11-22): XXXXX Seller Comment (2024-11-20): XXXXX Reviewer Comment (2024-11-12): XXXXX Seller Comment (2024-11-11): XXXXX |
12/09/2024 | 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 | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98493017 | 31907301 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $72.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $0.00 on Initial closing disclosure but disclosed as $72.00 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 $72.00 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 (2024-10-25): XXXXX Seller Comment (2024-10-24): XXXXX |
10/25/2024 | 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 | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94533338 | 31950179 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank XXXXX): 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. | Reviewer Comment (2024-10-30): XXXXX Reviewer Comment (2024-10-29): XXXXX Seller Comment (2024-10-28): XXXXX |
10/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93303066 | 31744100 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
09/26/2024 | 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 | |||||||
| XXXX | XXXX | XXXX | XXXX | 98512644 | 31763984 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.14410% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $4,345.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $4,145.86 (an overage of $199.14 or .14410%). | XXXXX Points and Fees exceed allowable threshold by $199.14 or .14410%. | 09/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98468516 | 31945928 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $60.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Re-Inspection Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-10-21): XXXXX |
10/21/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98468516 | 31945930 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $2,424.95 exceeds tolerance of $2,424.00. Sufficient or excess cure was provided to the borrower at Closing. | Transfer Tax was last disclosed as $2,424.00 on LE but disclosed as $2,424.95 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-10-21): XXXXX |
10/21/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98468516 | 31945991 | 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 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. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-10-26): XXXXX Reviewer Comment (2024-10-24): XXXXX Seller Comment (2024-10-24): XXXXX |
10/26/2024 | 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 | |||||||
| XXXX | XXXX | XXXX | XXXX | 99805445 | 31891828 | 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 a FEMA disaster area that does not have a declared end date. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-10-25): XXXXX Reviewer Comment (2024-10-24): XXXXX Seller Comment (2024-10-23): XXXXX |
10/25/2024 | 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 | |||||||
| XXXX | XXXX | XXXX | XXXX | 97483221 | 31936953 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification of appraisal was delivered to borrower was not provided | 10/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99906881 | 31770815 | 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 does not match the Appraisals effective date. | Reviewer Comment (2024-11-21): XXXXX Seller Comment (2024-11-19): XXXXX Reviewer Comment (2024-10-14): XXXXX Seller Comment (2024-10-08): XXXXX |
11/21/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Purchase | C | B | A | A | B | B | C | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99906881 | 31771484 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.32312% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $6,255.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $5,646.79 (an overage of $608.21 or .32312%). | XXXXX Points and Fees threshold exceeded by $608.21 or .32312% | 09/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | B | B | C | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99906881 | 31772184 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $587.70 exceeds tolerance of $495.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal fee amount of $587.70 exceeds tolerance of $495.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-09-30): XXXXX |
09/30/2024 | 1 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Purchase | Final CD evidences Cure | C | B | A | A | B | B | C | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93109809 | 32059156 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 11/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 95137436 | 31938103 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.05543% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $16,912.24 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $10,036.08 (an overage of $6,876.16 or 2.05543%). | XXXXX Points and Fees exceed allowable threshold by $6,876.16 or 2.05543%. | 10/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95137436 | 31938107 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $923.60 exceeds tolerance of $800.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $923.60 exceeds tolerance of $800.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-10-18): XXXXX |
10/18/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Second Home | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99142826 | 32126338 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Second Home | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 99142826 | 32126351 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The file was missing a copy of XXXXX Account Statements - Business. | Reviewer Comment (2024-11-21): XXXXX Seller Comment (2024-11-20): XXXXX |
11/21/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Second Home | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99142826 | 32126357 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | The file was missing a copy of XXXXX XXXXX bank statement. | Reviewer Comment (2024-11-25): XXXXX Seller Comment (2024-11-25): XXXXX Seller Comment (2024-11-22): XXXXX |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Second Home | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99142826 | 32126374 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.11451% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $17,717.59 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $12,918.38 (an overage of $4,799.21 or 1.11451%). | XXXXX Points and Fees exceed allowable threshold by $4,799.21 or 1.11451%. | 11/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Second Home | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99142826 | 32126376 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $3,276.50 exceeds tolerance of $2,482.00. Insufficient or no cure was provided to the borrower. | Transfer Tax Fee was last disclosed as $2,482.00 on LE but disclosed as $3,276.50 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 $0.25, 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 (2024-11-19): XXXXX Seller Comment (2024-11-18): XXXXX |
11/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Second Home | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99142826 | 32160311 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $3,276.50 exceeds tolerance of $2,482.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-19): XXXXX |
11/19/2024 | 1 | A | A | A | A | A | NY | Second Home | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 99142826 | 32282434 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Security Instrument Error: County was not provided | Security Instrument incorrectly reflects the county as XXXXX when the appraisal, title and tax certificate all confirm the county should be XXXXX. | Reviewer Comment (2024-12-12): XXXXX Seller Comment (2024-12-11): XXXXX |
12/12/2024 | 1 | A | A | A | A | A | NY | Second Home | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 93238558 | 32032251 | 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. | The subject property is located in a FEMA disaster area that does not have a declared end date. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-11): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 97673563 | 32168944 | 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 FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos, and the property must be re-inspected on or after XX/XX/XX declared end date. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-25): XXXXX Reviewer Comment (2024-11-22): XXXXX |
11/25/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Second Home | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 97673563 | 32168975 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95638139 | 31780322 | 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 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. | Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-10-22): XXXXX Reviewer Comment (2024-10-21): XXXXX Reviewer Comment (2024-10-18): XXXXX Reviewer Comment (2024-10-10): XXXXX Seller Comment (2024-10-09): XXXXX |
10/22/2024 | 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 | |||||||
| XXXX | XXXX | XXXX | XXXX | 95638139 | 31782624 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after XX/XX/XX contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2024-10-15): XXXXX Seller Comment (2024-10-14): XXXXX |
10/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | TRID timing exception, no remediation available. | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96611280 | 31861541 | Compliance | Compliance | State Compliance | State Defect | Ohio Prepayment Penalty Small Loan | XXXXX Prepayment Penalty: A prepayment penalty is not permissible on a first lien loan less than $110,223.00. Prepay language states prepay will not exceed maximum permitted by applicable law. | A prepayment penalty is not permissible on a first lien loan less than $110,223.00. Prepay language states prepay will not exceed maximum permitted by applicable law. | Reviewer Comment (2024-10-22): XXXXX Reviewer Comment (2024-10-17): XXXXX Seller Comment (2024-10-17): XXXXX Buyer Comment (2024-10-16): XXXXX Reviewer Comment (2024-10-15): XXXXX Seller Comment (2024-10-15): XXXXX |
10/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96611280 | 31861564 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - 1-4 Family not provided | Rider - 1-4 not provided | Reviewer Comment (2024-10-15): XXXXX Seller Comment (2024-10-15): XXXXX |
10/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 96611280 | 31888705 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Rider - Prepayment not provided | Missing Prepayment rider for the security instrument. | Reviewer Comment (2024-10-15): XXXXX |
10/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 98886342 | 31909353 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (Notice to Assignee) | Truth in Lending Act (HOEPA): Required Statement was not provided to purchaser or assignee for loan that was sold or assigned. (Note: This notice only applies when selling or assigning a HOEPA loan and XXXXX not be found in the file for loans that have not been previously sold) | HOEPA Assignment Notice is not located in file. | Reviewer Comment (2024-12-18): XXXXX Seller Comment (2024-12-16): XXXXX Reviewer Comment (2024-12-13): XXXXX Seller Comment (2024-12-12): XXXXX Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX Reviewer Comment (2024-11-06): XXXXX Seller Comment (2024-10-31): XXXXX Reviewer Comment (2024-10-23): XXXXX Seller Comment (2024-10-18): XXXXX |
12/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98886342 | 31909354 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | Total fees financed by lender exceed permitted threshold. HOEPA Disclosure is not located in file. | Reviewer Comment (2024-12-18): XXXXX Seller Comment (2024-12-16): XXXXX Reviewer Comment (2024-12-13): XXXXX Seller Comment (2024-12-12): XXXXX Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX Reviewer Comment (2024-11-06): XXXXX Seller Comment (2024-10-31): XXXXX Reviewer Comment (2024-10-23): XXXXX Seller Comment (2024-10-18): XXXXX |
12/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98886342 | 31909355 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees) | Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees. | Total fees financed by lender is $5,204.70. Threshold maximum is $5,014.89. Lender HOEPA threshold calculation, per compliance report, did not reduce 4c7 fees from Finance Charge as required resulting in false higher threshold calculation. | Reviewer Comment (2024-12-18): XXXXX Seller Comment (2024-12-16): XXXXX Reviewer Comment (2024-12-13): XXXXX Seller Comment (2024-12-12): XXXXX Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX Reviewer Comment (2024-11-06): XXXXX Seller Comment (2024-10-31): XXXXX Reviewer Comment (2024-10-23): XXXXX Seller Comment (2024-10-18): XXXXX |
12/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98886342 | 31909356 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) | Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of 4% of the amount past due or grace period of less than 15 days. | Total fees financed by lender exceed permitted threshold. Late charge exceeds max of 4% of amount past due and/or grace period of 15 days. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX Reviewer Comment (2024-11-06): XXXXX Seller Comment (2024-10-31): XXXXX Reviewer Comment (2024-10-23): XXXXX Seller Comment (2024-10-18): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98886342 | 31909357 | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of 5.15900% is in excess of the allowable maximum of 5.00000% of the Federal Total Loan Amount. Points and Fees of $23,157.40 on a Federal Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $713.73 or .15900%). Non-Compliant High Cost Loan. | Total fees financed by lender is $5,204.70. Threshold maximum is $5,014.89. | Reviewer Comment (2024-12-18): XXXXX Seller Comment (2024-12-16): XXXXX Reviewer Comment (2024-12-13): XXXXX Seller Comment (2024-12-12): XXXXX Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX Reviewer Comment (2024-11-06): XXXXX Seller Comment (2024-10-31): XXXXX Reviewer Comment (2024-10-23): XXXXX Seller Comment (2024-10-18): XXXXX |
12/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98886342 | 31909358 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | Total fees financed by lender exceed permitted threshold. Pre-Loan Counseling status if not located in file. | Reviewer Comment (2024-12-18): XXXXX Seller Comment (2024-12-16): XXXXX Reviewer Comment (2024-12-13): XXXXX Seller Comment (2024-12-12): XXXXX Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX Reviewer Comment (2024-11-06): XXXXX Seller Comment (2024-11-05): XXXXX Seller Comment (2024-10-31): XXXXX Reviewer Comment (2024-10-23): XXXXX Seller Comment (2024-10-18): XXXXX |
12/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98886342 | 31909359 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.15900% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $23,157.40 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $13,466.20 (an overage of $9,691.20 or 2.15900%). | XXXXX Points and Fees exceed allowable threshold by $9,691.20 or 2.15900%. | 10/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98886342 | 31909363 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX). | Finance Charge disclosed is $$868,353.10. Calculated finance charge is $868,734.55. Variance of $381.45. Based on review of Lender's compliance report, fee was not included in finance charge calculation. 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 (2024-11-04): XXXXX Seller Comment (2024-11-01): XXXXX Reviewer Comment (2024-10-31): XXXXX Seller Comment (2024-10-31): XXXXX |
11/04/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | 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 | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98886342 | 31909364 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX). The disclosed Total of Payments in the amount of $1,345,887.80 is under disclosed by $381.45 compared to the calculated total of payments of $1,346,269.25 which exceeds the $35.00 threshold. | Disclosure reflects TOP of $1,346,269.25 but calculated TOP of $1,345,887.80. Variance = $381.45. Used Index Value = 3.0084% per compliance document in file. | Reviewer Comment (2024-11-04): XXXXX Seller Comment (2024-11-01): XXXXX Reviewer Comment (2024-10-31): XXXXX Seller Comment (2024-10-31): XXXXX |
11/04/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | 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 | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98886342 | 31909365 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $10,067.40 exceeds tolerance of $9,115.40. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $10,067.40 exceeds tolerance of $9,115.40. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-10-22): XXXXX Seller Comment (2024-10-18): XXXXX |
10/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98886342 | 31909366 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $607.70 exceeds tolerance of $515.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $607.70 exceeds tolerance of $515.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-10-22): XXXXX Seller Comment (2024-10-18): XXXXX |
10/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98886342 | 31909368 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX). | Final Closing Disclosure provided on XX/XX/XX). | Reviewer Comment (2024-11-04): XXXXX Seller Comment (2024-11-01): XXXXX Reviewer Comment (2024-10-31): XXXXX Seller Comment (2024-10-31): XXXXX |
11/04/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | 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 | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98886342 | 31909394 | 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/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
10/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 98886342 | 31948895 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $10,067.40 exceeds tolerance of $9,353.40. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-10-22): XXXXX |
10/22/2024 | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | 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) | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 98886342 | 31948896 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $607.70 exceeds tolerance of $515.00. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-10-22): XXXXX |
10/22/2024 | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | 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) | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 98451019 | 31901333 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The file is missing a copy of the 1084 (UW sheet) | Reviewer Comment (2024-10-22): XXXXX Seller Comment (2024-10-22): XXXXX Reviewer Comment (2024-10-21): XXXXX Seller Comment (2024-10-18): XXXXX |
10/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98451019 | 31901349 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.95184% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,091.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,719.31 (an overage of $4,371.69 or 1.95184%). | XXXXX Points and Fees exceed allowable threshold by $4,371.69 or 1.95184% | 10/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91097463 | 31968831 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.17776% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $12,685.50 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $435.50 or .17776%). | XXXXX Points and Fees threshold exceeded by an average of $435.50 or .17776% | 10/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90516214 | 31787778 | Compliance | Compliance | State Compliance | State Defect | Pennsylvania Prepayment Penalty First Lien | XXXXX Prepayment Penalty: A prepayment penalty not permissible on a first lien loan less than or equal to $312,159.00. Prepay language states prepay will not exceed maximum permitted by applicable law. | Reviewer Comment (2024-10-09): XXXXX |
10/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 90516214 | 31816613 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing Verification of Rent for XXXXX. | Reviewer Comment (2024-10-08): XXXXX Seller Comment (2024-10-08): XXXXX |
10/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 90516214 | 31816723 | Credit | Guideline | Guideline Issue | Guideline | Borrower is a first time home buyer and ineligible per guidelines. | - | Borrower is First Time Home Buyer and ineligible per guidelines. Lender exception provided in file | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-10-08): XXXXX Seller Comment (2024-10-08): XXXXX Reviewer Comment (2024-10-04): XXXXX |
10/08/2024 | 2 | C | B | C | B | C | B | C | B | C | B | PA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 90519608 | 31946155 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/21/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90519608 | 31946158 | Compliance | Compliance | Federal Compliance | TRID | TRID Lender Credit Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-25.00 exceeds tolerance of $-4,000.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-25.00 exceeds tolerance of $-4,000.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-10-21): XXXXX |
10/21/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90519608 | 31946217 | 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/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
10/21/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 98906058 | 32045912 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $276.50 exceeds tolerance of $50.00. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee was last disclosed as $50.00 on Loan Estimate but disclosed as $276.50 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-04): XXXXX |
11/04/2024 | 1 | A | A | A | A | A | A | A | A | A | A | MI | Second Home | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98906058 | 32045958 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Reviewer Comment (2024-11-20): XXXXX Seller Comment (2024-11-19): XXXXX |
11/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93418252 | 32032347 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) 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 three (3) business days prior to closing, and appraisal was not provided at or before closing | 10/31/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93418252 | 32032349 | 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 three (3) business days prior to closing. | CD provided date is not in compliance with 3 business days prior to closing | Reviewer Comment (2024-11-06): XXXXX Seller Comment (2024-11-05): XXXXX |
11/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Rate/Term | No Defined Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93418252 | 32033292 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2024-11-07): XXXXX Seller Comment (2024-11-06): XXXXX |
11/07/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93418252 | 32033314 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to short funds for reserves. Required per guidelines is 6 months. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-06): XXXXX |
11/11/2024 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Second Home | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93418252 | 32033315 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to short funds for reserves. Required per guidelines is 6 months. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-06): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93418252 | 32047291 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $950.00 exceeds tolerance of $750.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-04): XXXXX |
11/04/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Second Home | Refinance - Rate/Term | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94873219 | 31831126 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 10/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94873219 | 31831127 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | 10/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94873219 | 31831187 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | XXXXX Missing lease agreement. | Reviewer Comment (2024-10-18): XXXXX |
10/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94873219 | 31831270 | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | Rent comparison is missing. | Reviewer Comment (2024-10-18): XXXXX |
10/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90888336 | 32073592 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided | 11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Primary | Refinance - Rate/Term | D | B | C | B | C | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90888336 | 32073594 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-7,943.77 exceeds tolerance of $-8,259.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-7,943.77 exceeds tolerance of $-8,259.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-11-22): XXXXX Seller Comment (2024-11-20): XXXXX |
11/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | C | B | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 90888336 | 32073625 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-11-20): XXXXX |
11/20/2024 | 1 | D | A | D | A | D | A | D | A | D | A | PA | Primary | Refinance - Rate/Term | D | B | C | B | C | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90888336 | 32073629 | Property | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | The transaction closed as a refinance of a primary residence, and the valuation reflects that the subject property is vacant. Unable to verify occupancy. | - | The subject is a refinance of a primary residence and the appraisal reflects the property is vacant. | Reviewer Comment (2024-11-20): XXXXX Seller Comment (2024-11-20): XXXXX |
11/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Rate/Term | D | B | C | B | C | B | D | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90888336 | 32091038 | Credit | Guideline | Guideline Issue | Guideline | Aged document: Primary Valuation is older than guidelines permit | - | Appraisal is dated more than 180 days prior to the Note Date. Per guidelines, a new appraisal report is required for any appraisal greater than 180 days old. |
Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-03): XXXXX Buyer Comment (2024-11-26): XXXXX Reviewer Comment (2024-11-22): XXXXX Seller Comment (2024-11-21): XXXXX Reviewer Comment (2024-11-20): XXXXX Seller Comment (2024-11-20): XXXXX |
12/03/2024 | 2 | C | B | C | B | C | B | C | B | C | B | PA | Primary | Refinance - Rate/Term | D | B | C | B | C | B | D | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 90888336 | 32159261 | Property | Valuation | General | Valuation | Valuation Product pending | XXXXX / XXXXX - No MLS Sheets - 2 Days | Reviewer Comment (2024-11-20): XXXXX Reviewer Comment (2024-11-19): XXXXX |
11/20/2024 | 1 | A | A | A | A | A | PA | Primary | Refinance - Rate/Term | D | B | C | B | C | B | D | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 96046946 | 31930114 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 10/17/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96046946 | 31930150 | Credit | Credit | Credit Documentation | Credit | Missing Document: Occupancy Certificate not provided | Occupancy Certificate not Provided. | Reviewer Comment (2024-10-29): XXXXX |
10/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96046946 | 31930162 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
10/17/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 96046946 | 31931065 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Updated per guidelines | Reviewer Comment (2024-10-29): XXXXX |
10/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96046946 | 31931237 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Updated per document provided | Reviewer Comment (2024-10-29): XXXXX |
10/29/2024 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Second Home | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96046946 | 31931238 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Updated per document provided | Reviewer Comment (2024-10-29): XXXXX |
10/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91469708 | 31995600 | 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. | The subject property is located 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 (2024-11-11): XXXXX Seller Comment (2024-11-11): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Home Improvement | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93059754 | 31799038 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
10/02/2024 | 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 | |||||||
| XXXX | XXXX | XXXX | XXXX | 93059754 | 31799062 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-10-02): XXXXX |
10/02/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94035639 | 31693373 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 09/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | D | B | A | A | B | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 94035639 | 31693389 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-09-27): XXXXX Seller Comment (2024-09-26): XXXXX |
09/27/2024 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Purchase | D | B | A | A | B | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 98643784 | 31918972 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 10/16/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91407899 | 31995183 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/29/2024 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93253422 | 32086279 | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank XXXXX): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XX, Most Recent Tax Return End Date XX/XX/XX, Tax Return Due Date XX/XX/XX. | The file was missing a copy of XXXXX tax transcripts. Transcripts in file for XXXXX show no results returned. | Reviewer Comment (2024-11-21): XXXXX Seller Comment (2024-11-20): XXXXX Reviewer Comment (2024-11-18): XXXXX Seller Comment (2024-11-18): XXXXX Reviewer Comment (2024-11-14): XXXXX Seller Comment (2024-11-14): XXXXX |
11/21/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93253422 | 32086280 | Compliance | Compliance | Federal Compliance | TRID | TRID Lender Credit Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-25.00 exceeds tolerance of $-2,920.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-25.00 exceeds tolerance of $-2,920.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-11): XXXXX |
11/11/2024 | 1 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94418160 | 31864107 | 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 disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
10/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 97422125 | 31957110 | 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. | The subject property is located in a FEMA disaster area that does not have a declared end date. | Reviewer Comment (2024-11-08): XXXXX Seller Comment (2024-11-07): XXXXX |
11/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 97422125 | 32074627 | 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 FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2024-11-08): XXXXX |
11/08/2024 | 2 | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 91872844 | 31971134 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 10/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91872844 | 31971135 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.31903% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $26,150.60 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $23,636.96 (an overage of $2,513.64 or .31903%). | XXXXX Points and Fees exceed allowable threshold by $2,513.64 or .31903%. | 10/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96104559 | 31900955 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.08663% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $17,047.48 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $16,568.99 (an overage of $478.49 or .08663%). | XXXXX Points and Fees exceed allowable threshold by $478.49 or .08663%. | 10/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96104559 | 31900975 | 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. | The subject property is located in a FEMA Disaster area post-close. There is no end declared date for the disaster as of yet. A post-disaster inspection verifying there was no damage to the subject property is required once a declared end date is identified. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-05): XXXXX Seller Comment (2024-11-05): XXXXX |
11/05/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96104559 | 32054876 | 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 FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-05): XXXXX |
11/05/2024 | 2 | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXX | XXXX | XXXX | XXXX | 98045060 | 32092079 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-11-21): XXXXX |
11/21/2024 | 1 | D | A | D | A | D | A | D | A | D | A | AZ | Primary | Refinance - Rate/Term | D | A | C | A | C | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98045060 | 32128464 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 4.63 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2024-12-10): XXXXX Seller Comment (2024-12-09): XXXXX Reviewer Comment (2024-12-09): XXXXX Seller Comment (2024-12-05): XXXXX Reviewer Comment (2024-11-21): XXXXX |
12/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Rate/Term | D | A | C | A | C | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98045060 | 32128481 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | ATR failure due to insufficient income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-12-13): XXXXX Seller Comment (2024-12-11): XXXXX |
12/13/2024 | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | D | A | C | A | C | A | D | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98045060 | 32128482 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-12-13): XXXXX Seller Comment (2024-12-11): XXXXX |
12/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Rate/Term | D | A | C | A | C | A | D | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99863315 | 32086427 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NM | Second Home | Refinance - Rate/Term | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 97856113 | 31816103 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | The file was missing a copy of the required Flood certificate document. | Reviewer Comment (2024-10-10): XXXXX Seller Comment (2024-10-09): XXXXX |
10/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NH | Investment | Purchase | C | B | C | A | C | B | A | A | Non QM | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97856113 | 31816122 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.66568% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $28,682.50 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $3,370.00 or .66568%). | XXXXX Points and Fees exceed allowable threshold by $3,370.00 or .66568% | 10/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NH | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | C | B | A | A | Non QM | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97856113 | 31859598 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Bank statement reflects a deposit of $65K on XX/XX/XX of which gifted fund letters support $40K being sent to the borrower the same day. A separate wire of $25K was noted on XX/XX/XX. Review cannot conclude the source of the remaining $65K wire, therefore these funds were excluded from the available assets. | Reviewer Comment (2024-10-10): XXXXX Seller Comment (2024-10-09): XXXXX |
10/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NH | Investment | Purchase | C | B | C | A | C | B | A | A | Non QM | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97856113 | 31859612 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Triggered due to loan failing a guideline requirement. | Reviewer Comment (2024-10-10): XXXXX |
10/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NH | Investment | Purchase | C | B | C | A | C | B | A | A | Non QM | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99988682 | 31977403 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 10/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93436847 | 32324502 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.35061% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $23,676.82 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $16,326.56 (an overage of $7,350.26 or 1.35061%). | XXXXX Points and Fees exceed allowable threshold by $7,350.26 or 1.35061%. | 12/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93436847 | 32335096 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $622.70 exceeds tolerance of $530.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-09): XXXXX |
12/09/2024 | 1 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95299082 | 31994718 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/29/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 95299082 | 31994719 | 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. | The subject property is located a FEMA disaster area that does not have a declared end date. | Reviewer Comment (2024-12-17): XXXXX Seller Comment (2024-12-17): XXXXX |
12/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92507362 | 32022047 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | File does not have Insurance Verification, Statement, Tax Verification documents in file. | Reviewer Comment (2024-11-18): XXXXX Seller Comment (2024-11-18): XXXXX Reviewer Comment (2024-11-14): XXXXX Seller Comment (2024-11-13): XXXXX Reviewer Comment (2024-11-12): XXXXX Seller Comment (2024-11-11): XXXXX Reviewer Comment (2024-11-08): XXXXX Seller Comment (2024-11-07): XXXXX Reviewer Comment (2024-11-05): XXXXX Seller Comment (2024-11-05): XXXXX |
11/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92507362 | 32022281 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 10/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92507362 | 32042404 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $7,500.00 is less than Cash From Borrower $39,365.95. | Reviewer Comment (2024-11-05): XXXXX Seller Comment (2024-11-05): XXXXX |
11/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92507362 | 32157907 | Credit | Guideline | Guideline Issue | Guideline | Maximum financed properties allowable per borrower is 10. | Borrower owns 15 financed properties which exceeds the maximum of 10 allowed per guidelines. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
SitusAMC SitusAMC |
Reviewer Comment (2024-11-18): XXXXX |
11/18/2024 | 2 | B | B | B | B | B | AL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 96182566 | 32071945 | 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 three (3) business days prior to closing. | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/XX/XX/XX) | Reviewer Comment (2024-11-17): XXXXX Seller Comment (2024-11-14): XXXXX |
11/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Cash-out - Other | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96058966 | 31927546 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.03110% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $18,090.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $17,904.37 (an overage of $185.63 or .03110%). | XXXXX Points and Fees exceed allowable threshold by $185.63 or .03110%. | 10/17/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96058966 | 31927571 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $597.70 exceeds tolerance of $505.00. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $505.00 on LE but disclosed as $597.70 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2024-10-23): XXXXX Seller Comment (2024-10-22): XXXXX |
10/23/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96058966 | 31927572 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $200.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Appraisal Re-Inspection Fee was last disclosed as $0.00 on LE but disclosed as $200.00 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX |
11/11/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92521192 | 32197358 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.43021% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $13,004.64 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $11,373.60 (an overage of $1,631.04 or .43021%). | XXXXX Points and Fees exceed allowable threshold by $1,631.04 or .43021%. | 11/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92521192 | 32197511 | 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. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2024-12-02): XXXXX Seller Comment (2024-12-02): XXXXX |
12/02/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92521192 | 32198376 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 2.52 is less than Guideline PITIA months reserves of 3.00. | Reviewer Comment (2024-12-05): XXXXX Seller Comment (2024-12-04): XXXXX Reviewer Comment (2024-12-03): XXXXX Seller Comment (2024-12-02): XXXXX Reviewer Comment (2024-11-29): XXXXX Seller Comment (2024-11-27): XXXXX |
12/05/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92521192 | 32199702 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due to insufficient of assets. | Reviewer Comment (2024-12-05): XXXXX |
12/05/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92521192 | 32199703 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Ability to repay is impacted due to insufficient of assets. | Reviewer Comment (2024-12-05): XXXXX |
12/05/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95817111 | 31951908 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.50771% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $9,185.11 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,855.63 (an overage of $1,329.48 or .50771%). | XXXXX Points and Fees threshold exceeded by $1,329.48 or .50771% | 10/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95817111 | 31951911 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $633.60 exceeds tolerance of $610.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as $610.00 on LE but disclosed as $633.60 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-10-22): XXXXX |
10/22/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95817111 | 31951953 | 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. | The subject property is located in a FEMA Disaster area post-close. There is no end declared date for the disaster as of yet. A post-disaster inspection verifying there was no damage to the subject property is required once a declared end date is identified. | Reviewer Comment (2024-11-08): XXXXX Seller Comment (2024-11-07): XXXXX |
11/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95817111 | 32074662 | 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 FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-08): XXXXX |
11/08/2024 | 2 | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXX | XXXX | XXXX | XXXX | 99320625 | 31995026 | 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. | The subject property is located in FEMA Disaster area that does not have a declared end date. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-11): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 98931590 | 32168265 | 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. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2024-12-03): XXXXX |
12/03/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92164301 | 32351852 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | File is missing a CPA Letter or Cash Flow Analysis verifying that use of Business Funds will not harm the Business. | Reviewer Comment (2024-12-17): XXXXX Seller Comment (2024-12-17): XXXXX |
12/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 95443197 | 32038231 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 11/01/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92948885 | 32086143 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $2,699.25 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $2,699.25 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-11-18): XXXXX Seller Comment (2024-11-14): XXXXX |
11/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92948885 | 32086144 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Extension Fee. Fee Amount of $2,765.63 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Extension Fee. Fee Amount of $2,765.63 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-11-18): XXXXX Seller Comment (2024-11-14): XXXXX |
11/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92948885 | 32086145 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $350.00 exceeds tolerance of $300.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $350.00 exceeds tolerance of $300.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-11-18): XXXXX Seller Comment (2024-11-15): XXXXX |
11/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92948885 | 32155278 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $350.00 exceeds tolerance of $300.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-18): XXXXX |
11/18/2024 | 1 | A | A | A | A | A | TX | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 94528412 | 31886856 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 94528412 | 31887047 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
10/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 94978746 | 31985169 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-10-28): XXXXX |
10/28/2024 | 1 | A | A | A | A | A | NC | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 92732857 | 32071858 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.37570% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $8,168.29 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,259.19 (an overage of $909.10 or .37570%). | XXXXX Points and Fees exceed allowable threshold by $909.10 or 37570%. | 11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97973277 | 32154681 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/20/2024 | 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 | ||||||
| XXXX | XXXX | XXXX | XXXX | 97973277 | 32154687 | 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. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2024-12-05): XXXXX Seller Comment (2024-12-05): XXXXX |
12/05/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97973277 | 32154694 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Missing documentation from lender/seller confirming the condo is warrantable project. | Seller Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-22): XXXXX Seller Comment (2024-11-21): XXXXX |
11/22/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96990083 | 31958228 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NM | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96990083 | 31958234 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.88731% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $14,955.30 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,620.78 (an overage of $7,334.52 or 2.88731%). | XXXXX Points and Fees threshold exceed allowable threshold by $7,334.52 or 2.88731%. | 10/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NM | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96990083 | 31958240 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $289.00 exceeds tolerance of $275.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-10-23): XXXXX |
10/23/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NM | Primary | Purchase | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96990083 | 31958268 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
10/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NM | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 96990083 | 31983275 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Bank statement dated XX/XX/XX reflects a large deposit for $30,000 that is unsourced or explained. Per guides, A large deposit is considered to be any amount greater than either: one (1) month total gross income or five (5) % of the loan amount. Therefore, funds have been excluded resulting in the borrower being short reserves. |
Reviewer Comment (2024-10-29): XXXXX Seller Comment (2024-10-28): XXXXX |
10/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NM | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96990083 | 31983304 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Exception triggered due to loan not meeting guideline requirements. Exception will be addressed once all ATR issues are resolved. | Reviewer Comment (2024-11-01): XXXXX Seller Comment (2024-10-31): XXXXX Seller Comment (2024-10-28): XXXXX |
11/01/2024 | 1 | B | A | C | A | B | A | C | A | B | A | NM | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96990083 | 31983305 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Exception triggered due to loan not meeting guideline requirements. Exception will be addressed once all ATR issues are resolved. | Reviewer Comment (2024-11-01): XXXXX Seller Comment (2024-10-31): XXXXX Seller Comment (2024-10-28): XXXXX |
11/01/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NM | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95619734 | 32312645 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | File is missing a copy of initial 1003. | Reviewer Comment (2024-12-11): XXXXX Seller Comment (2024-12-10): XXXXX |
12/11/2024 | 1 | B | A | B | A | B | A | B | A | B | A | MI | Investment | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90102044 | 32053647 | Credit | Insurance | Insurance Analysis | Insurance | The Flood Insurance Policy effective date is after the Note Date. | Flood Insurance in the file verified an effective date of XX/XX/XX which is after the consummation date of XX/XX/XX. Provide Flood Insurance verifying coverage in effect at or prior to consummation. | Reviewer Comment (2024-11-12): XXXXX Seller Comment (2024-11-08): XXXXX |
11/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90102044 | 32063000 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $0.00 is less than Cash From Borrower $122,050.88. | Reviewer Comment (2024-11-19): XXXXX Reviewer Comment (2024-11-14): XXXXX Seller Comment (2024-11-13): XXXXX Reviewer Comment (2024-11-12): XXXXX |
11/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90102044 | 32063001 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2024-11-19): XXXXX Reviewer Comment (2024-11-14): XXXXX Seller Comment (2024-11-13): XXXXX Reviewer Comment (2024-11-12): XXXXX |
11/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90102044 | 32063009 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-11-19): XXXXX |
11/19/2024 | 1 | B | A | C | A | B | A | C | A | B | A | NC | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 90102044 | 32063010 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-11-19): XXXXX |
11/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90102044 | 32165957 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Guidelines require funds from a business account (if the Borrower is the sole owner (or other owner is non-borrowing spouse) of the company and the company's CPA provides a statement indicating withdrawal of the funds will not negatively impact the business. Borrower has 50% ownership on the business. Lender exception provided in file. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-19): XXXXX |
11/19/2024 | 2 | B | B | B | B | B | NC | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 99576962 | 31919046 | 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 property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end Date. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-10-25): XXXXX Reviewer Comment (2024-10-23): XXXXX Seller Comment (2024-10-23): XXXXX |
10/25/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 97056131 | 32086256 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower 3 business days prior to closing was not provided. | 11/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97056131 | 32086257 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower 3 business days prior to closing was not provided. | 11/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95307239 | 32059959 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 95307239 | 32059978 | 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 property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end Date. | Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The refinance has decreased the borrower's monthly debt payments by 20% or more. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-20): XXXXX |
11/20/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 91809132 | 31996357 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $205.00 exceeds tolerance of $200.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing. | Reviewer Comment (2024-10-29): XXXXX |
10/29/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94423046 | 31969501 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.04191% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $18,775.46 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $13,935.57 (an overage of $4,839.89 or 1.04191%). | XXXXX Points and Fees exceed allowable threshold by $4,839.89 or 1.04191%. | 10/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94423046 | 31969504 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $678.60 exceeds tolerance of $555.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-10-24): XXXXX |
10/24/2024 | 1 | A | A | A | A | A | A | A | A | A | A | VA | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98075493 | 32148051 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.99965% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $18,250.28 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $10,950.93 (an overage of $7,299.35 or 1.99965%). | XXXXX Points and Fees exceed allowable threshold by $7,299.35 or 1.99965%. | 11/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92194801 | 31998109 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $142.00 exceeds tolerance of $90.00 plus 10% or $99.00. Sufficient or excess cure was provided to the borrower at Closing. | Ten Percent Fee Tolerance exceeded. Total amount of $142.00 exceeds tolerance of $90.00 plus 10% or $99.00. Sufficient or excess cure was provided to the borrower at Closing | Reviewer Comment (2024-10-29): XXXXX |
10/29/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NC | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97764257 | 32167682 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | The file was missing a copy of the final 1084 or income worksheet. | Reviewer Comment (2024-12-06): XXXXX Reviewer Comment (2024-11-27): XXXXX |
12/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92629393 | 31979852 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.10 is less than Guideline PITIA months reserves of 6.00. Per CPA letter only $87,000 from business account will not affect the business. Remaining balance has been excluded per letter. | Reviewer Comment (2024-11-14): XXXXX Seller Comment (2024-11-14): XXXXX |
11/14/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92629393 | 31979876 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-14): XXXXX |
11/15/2024 | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92629393 | 31979877 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Based on the loan failing the Asset guideline components, the loan is at ATR risk. | Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-14): XXXXX |
11/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98152872 | 31958665 | 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 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. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. | SitusAMC | Reviewer Comment (2024-11-04): XXXXX Seller Comment (2024-11-04): XXXXX |
11/04/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91727278 | 32053188 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | override | 11/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91727278 | 32053266 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance Verification & Tax Verification document is missing. | Reviewer Comment (2024-11-12): XXXXX Seller Comment (2024-11-12): XXXXX |
11/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91727278 | 32127810 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 8.91 is less than Guideline PITIA months reserves of 9.00. | Reviewer Comment (2024-11-18): XXXXX Seller Comment (2024-11-15): XXXXX |
11/18/2024 | 1 | A | A | A | A | A | MI | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 90116777 | 31996972 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/29/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90116777 | 31996973 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.81837% or Final Disclosure APR of 8.84200% is equal to or greater than the threshold of APOR 6.10% + 1.5%, or 7.60000%. Non-Compliant Higher Priced Mortgage Loan. | HPML requirements not met. Subject appraisal does not reflect correct address for subject property. Lender to provide updated appraisal reflecting correct address. | Reviewer Comment (2024-11-06): XXXXX Seller Comment (2024-11-01): XXXXX |
11/06/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90116777 | 31996974 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank XXXXX): Safe Harbor requirements not satisfied. | Reviewer Comment (2024-11-07): XXXXX Reviewer Comment (2024-11-06): XXXXX Seller Comment (2024-11-01): XXXXX |
11/07/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90116777 | 31996975 | 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 XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2024-11-06): XXXXX Reviewer Comment (2024-11-01): XXXXX Seller Comment (2024-11-01): XXXXX |
11/06/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90116777 | 31996986 | 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 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. | Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-04): XXXXX Reviewer Comment (2024-10-31): XXXXX |
11/04/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 90116777 | 32062851 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank XXXXX): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2024-11-13): XXXXX Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-07): XXXXX |
11/13/2024 | 2 | B | B | B | B | B | NC | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 98867450 | 31828605 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Updated per document provided | 10/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | ID | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98867450 | 31828606 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Updated per document provided | 10/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | ID | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95834143 | 32163109 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file was missing a copy of the Mortgage Statement for primary residence XXXXX. | Reviewer Comment (2024-11-27): XXXXX Seller Comment (2024-11-26): XXXXX Reviewer Comment (2024-11-25): XXXXX Seller Comment (2024-11-22): XXXXX |
11/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93163203 | 32168629 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $60.82 exceeds tolerance of $50.00 plus 10% or $55.00. Sufficient or excess cure was provided to the borrower at Closing. | Ten Percent Fee Tolerance exceeded. Total amount of $60.82 exceeds tolerance of $50.00 plus 10% or $55.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-20): XXXXX |
11/20/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NM | Second Home | Purchase | Final CD evidences Cure | D | A | D | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93163203 | 32168683 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | The file is missing copy of security instrument . | Reviewer Comment (2024-12-03): XXXXX |
12/03/2024 | 1 | D | A | D | A | D | A | D | A | D | A | NM | Second Home | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95419339 | 32019547 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
10/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 95419339 | 32019555 | 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. | The subject property is located in a FEMA disaster area that does not have a declared end date. The appraisal was performed before the FEMA declaration start date. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos, and the property must be re-inspected. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-11): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93573542 | 32168254 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification of appraisal was delivered to borrower was not provided | 11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93573542 | 32168603 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | HO-6 insurance policy is missing from the file. | Reviewer Comment (2024-11-27): XXXXX |
11/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93573542 | 32240700 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Reviewer Comment (2024-11-27): XXXXX |
11/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92224906 | 32089802 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $597.70 exceeds tolerance of $550.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-12): XXXXX |
11/12/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95622456 | 31960231 | 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. | The subject property is located in 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 (2024-11-08): XXXXX Seller Comment (2024-11-07): XXXXX |
11/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95622456 | 31962108 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank XXXXX): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Updated per document in file | Reviewer Comment (2024-10-30): XXXXX Seller Comment (2024-10-29): XXXXX |
10/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95622456 | 32073809 | 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 FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-08): XXXXX |
11/08/2024 | 2 | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXX | XXXX | XXXX | XXXX | 98586793 | 32032321 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
10/31/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 95259549 | 32167645 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/22/2024 | 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 | |||||||
| XXXX | XXXX | XXXX | XXXX | 93831544 | 32091916 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 11/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AK | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93831544 | 32091917 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.79135% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $16,093.97 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $12,734.75 (an overage of $3,359.22 or .79135%). | XXXXX Points and Fees exceed allowable threshold by $3,359.22 or .79135%. | 11/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AK | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93831544 | 32091927 | Credit | Credit | Credit Documentation | Credit | Missing Document: Occupancy Certificate not provided | Occupancy Certificate is missing. | Reviewer Comment (2024-11-19): XXXXX |
11/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AK | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92980883 | 32149653 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower provided appraisal waiver less than three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2024-11-25): XXXXX |
11/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | A | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92980883 | 32149654 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower provided appraisal waiver less than three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2024-11-25): XXXXX |
11/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | A | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92980883 | 32149658 | 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. | Notice of Right to Cancel was not provided. | Reviewer Comment (2024-11-21): XXXXX |
11/21/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | B | A | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92980883 | 32282381 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Maximum Loan Amount discrepancy. | Note loan amount of ___ is greater than Guideline maximum loan amount of ___. | Maximum loan amount for a bank statement loan is $XXXXX. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-04): XXXXX |
12/10/2024 | 2 | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | A | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXX | XXXX | XXXX | XXXX | 91596648 | 32038507 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-11-08): XXXXX Seller Comment (2024-11-07): XXXXX |
11/08/2024 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91596648 | 32038535 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | File does not have Rate Lock in file | Reviewer Comment (2024-11-08): XXXXX Seller Comment (2024-11-07): XXXXX |
11/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95199712 | 31986943 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.49306% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $32,935.93 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $17,987.75 (an overage of $14,948.18 or 2.49306%). | XXXXX Points and Fees exceed allowable threshold by $$14,948.18 or 2.49306%%. | 10/28/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95199712 | 31986946 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal Fee was last disclosed as $00.00 on LE but disclosed as $123.60 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 $123.00, 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 (2024-10-28): XXXXX |
10/28/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95199712 | 31986966 | 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. | The subject property is located in a FEMA disaster area that does not have a declared end date. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-11): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96064237 | 32031766 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Hazard Insurance Policy Effective Date XX/XX/XX; Disbursement Date: XX/XX/XX; Note Date: XX/XX/XX; Transaction Date: XX/XX/XX | Reviewer Comment (2024-11-07): XXXXX Seller Comment (2024-11-06): XXXXX Reviewer Comment (2024-11-06): XXXXX Seller Comment (2024-11-05): XXXXX |
11/07/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97907861 | 32231735 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.83044% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $31,941.55 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $19,837.64 (an overage of $12,103.91 or 1.83044%). | XXXXX Points and Fees exceed allowable threshold by $12,103.91 or 1.83044%. | 11/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97907861 | 32231738 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $628.60 exceeds tolerance of $505.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as $505.00 on LE but disclosed as $628.60 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-21): XXXXX |
11/21/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97907861 | 32231739 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $198.00 exceeds tolerance of $150.00. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee was last disclosed as $150.00 on LE but disclosed as $198.00 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-21): XXXXX |
11/21/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97907861 | 32231772 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 5.21 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2024-11-29): XXXXX Seller Comment (2024-11-27): XXXXX |
11/29/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97907861 | 32231806 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR Failure due to Discrepancy in No. of months of reserves. | Reviewer Comment (2024-12-03): XXXXX Seller Comment (2024-12-02): XXXXX |
12/03/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97907861 | 32232726 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2024-12-03): XXXXX Seller Comment (2024-12-02): XXXXX |
12/03/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97907861 | 32232739 | Credit | Credit | Credit Documentation | Credit | Credit Report Error: Missing source document for credit/housing history. | Mortgage is not paid from a joint account and the borrower does not own additional properties per investor guidelines section 105.1.12 Rent Free. | Reviewer Comment (2024-11-29): XXXXX Seller Comment (2024-11-27): XXXXX |
11/29/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92184471 | 32059906 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.22450% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $26,449.38 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $18,782.86 (an overage of $7,666.52 or 1.22450%). | XXXXX Points and Fees exceed allowable threshold by an average of $7,666.52 or 1.22450%. | 11/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92184471 | 32059910 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $723.60 exceeds tolerance of $600.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-06): XXXXX |
11/06/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Rate/Term | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92494899 | 32040396 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 11/01/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 98371332 | 32032593 | 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 three (3) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Reviewer Comment (2024-11-06): XXXXX Seller Comment (2024-11-05): XXXXX |
11/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98304129 | 32091957 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 11/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 96446981 | 32300022 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Rate/Term | B | B | B | B | A | A | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 92832417 | 32238691 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Investment | Purchase | D | B | C | B | A | A | D | A | N/A | N/A | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 92832417 | 32238700 | Credit | Credit | Credit Documentation | Credit | Missing Document: Occupancy Certificate not provided | The file was missing a copy of the occupancy Certificate. | Reviewer Comment (2024-12-03): XXXXX |
12/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Purchase | D | B | C | B | A | A | D | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92832417 | 32250153 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-03): XXXXX |
12/10/2024 | 1 | D | A | D | A | D | A | D | A | D | A | WA | Investment | Purchase | D | B | C | B | A | A | D | A | N/A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 94849338 | 32164636 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $773.60 exceeds tolerance of $650.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-19): XXXXX |
11/19/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NE | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92645489 | 31978633 | 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 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 dated. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly mortgage payment has decreased by at least 20%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
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Reviewer Comment (2024-11-04): XXXXX Reviewer Comment (2024-10-29): XXXXX |
11/04/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 92645489 | 31978657 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.97127% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $9,556.96 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $5,767.32 (an overage of $3,789.64 or 1.97127%). | XXXXX Points and Fees exceed allowable threshold by $3,789.64 or 1.97127%. | 10/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92645489 | 31978660 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient Cure provided at Closing. | Reviewer Comment (2024-10-25): XXXXX |
10/25/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92645489 | 31978661 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $200.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient Cure provided at Closing. | Reviewer Comment (2024-10-25): XXXXX |
10/25/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96926144 | 32288959 | 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 XX/XX/XX, prior to three (3) business days from transaction date of XX/XX/XX 12:00:00 AM. | Loan was disbursed prior to midnight of third business day after consummation, in this case is XX/XX/XX per borrower signature date on final CD. Lender to re-open rescission, provide copy of new right to cancel form, copy of letter of explanation sent to borrower, and proof of delivery. Note: This exception will not be cleared until expiration of new rescission period. | Reviewer Comment (2024-12-13): XXXXX Seller Comment (2024-12-13): XXXXX Seller Comment (2024-12-11): XXXXX Reviewer Comment (2024-12-10): XXXXX Seller Comment (2024-12-05): XXXXX |
12/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96926144 | 32288974 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 97280778 | 32034122 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 6.62 is less than Guideline PITIA months reserves of 9.00. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-06): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97647240 | 32021253 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
10/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Rate/Term | B | B | B | B | A | A | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 91723318 | 32126464 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | XXXXX Supporting document is missing in file. | Reviewer Comment (2024-11-19): XXXXX |
11/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94374886 | 32134284 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.18274% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,952.96 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $10,324.07 (an overage of $628.89 or .18274%). | XXXXX Points and Fees exceed allowable threshold by $628.89 or .18274% | 11/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94993072 | 31972363 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 96418707 | 31957050 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 98263815 | 31909836 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided | 10/15/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98263815 | 31909837 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 10.35611% or Final Disclosure APR of 10.42900% is equal to or greater than the threshold of APOR 6.45% + 1.5%, or 7.95000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-10-18): XXXXX Seller Comment (2024-10-18): XXXXX |
10/18/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98263815 | 31909838 | 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 XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2024-10-18): XXXXX Seller Comment (2024-10-18): XXXXX |
10/18/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98263815 | 31909840 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.99180% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $18,528.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $13,924.91 (an overage of $4,603.59 or .99180%). | XXXXX Points and Fees exceed allowable threshold by $$4,603.59 or .99180%%. | 10/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98263815 | 31909842 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $300.00 exceeds tolerance of $205.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $300.00 exceeds tolerance of $205.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-10-15): XXXXX |
10/15/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98263815 | 31909894 | 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 property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
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Reviewer Comment (2024-10-22): XXXXX Reviewer Comment (2024-10-21): XXXXX Seller Comment (2024-10-21): XXXXX |
10/22/2024 | 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 | |||||||
| XXXX | XXXX | XXXX | XXXX | 90947042 | 32198446 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $182.39 exceeds tolerance of $180.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-21): XXXXX |
11/21/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NM | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98447798 | 32234956 | 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 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 dated. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2024-12-03): XXXXX Reviewer Comment (2024-11-25): XXXXX |
12/03/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99117162 | 32053551 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.41358% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $8,888.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,041.35 (an overage of $2,846.65 or 1.41358%). | XXXXX Points and Fees exceed allowable threshold by $2,846.65 or 1.41358%. | 11/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99117162 | 32053555 | Compliance | Compliance | State Compliance | State Defect | Illinois SB 1894 | XXXXX (SB 1894) - Certificate of Compliance or Exemption not attached to mortgage for recording. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97171277 | 32046815 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 97831558 | 31997050 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | The file is missing a copy of the Initial 1003. | Reviewer Comment (2024-11-21): XXXXX |
11/21/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97831558 | 31997098 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/29/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97831558 | 31997101 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $165.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $165.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-11-25): XXXXX Seller Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX Reviewer Comment (2024-11-08): XXXXX Seller Comment (2024-11-06): XXXXX |
11/25/2024 | 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 | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97831558 | 31997188 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance verification missing for the property 'XXXXX'. | Reviewer Comment (2024-11-04): XXXXX Seller Comment (2024-11-04): XXXXX |
11/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98435086 | 32251100 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | Reviewer Comment (2024-11-26): XXXXX Seller Comment (2024-11-26): XXXXX |
11/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93728868 | 32281445 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93728868 | 32281459 | 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 FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end Date. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-06): XXXXX |
12/06/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 91272423 | 32161966 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-1,889.02 exceeds tolerance of $-3,692.00. Insufficient or no cure was provided to the borrower. | Lender Credit Fee was last disclosed as $3,692.00 on LE but disclosed as $1,889.02 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 $1,739.98, 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 (2024-11-25): XXXXX Seller Comment (2024-11-22): XXXXX |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Rate/Term | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96625333 | 32059833 | Compliance | Compliance | State Compliance | State Defect | Illinois SB 1894 | XXXXX (SB 1894) - Certificate of Compliance or Exemption not attached to mortgage for recording. | Certificate of Compliance or Exemption not attached to mortgage for recording. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-11): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96625333 | 32059835 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $587.70 exceeds tolerance of $495.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-06): XXXXX |
11/06/2024 | 1 | A | A | A | A | A | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98858285 | 32089053 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 95723573 | 32281195 | Compliance | Compliance | State Compliance | Misc. State Level | Minnesota Residential Mortgage Originator and Servicer Licensing Act (Impermissible Prepayment Penalty) | XXXXX Residential Originator and Servicer Licensing Act: Mortgage loan contains an impermissible prepayment penalty exceeding 60 days interest on the unpaid principal balance. | Mortgage loan contains an impermissible prepayment penalty exceeding 60 days interest on the unpaid principal balance. | Reviewer Comment (2024-12-12): XXXXX Reviewer Comment (2024-12-11): XXXXX Seller Comment (2024-12-09): XXXXX |
12/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MN | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95723573 | 32281196 | Compliance | Compliance | State Compliance | Misc. State Level | Minnesota Residential Originator and Servicer Licensing Act: Mortgage loan contains an impermissible prepayment penalty exceeding 2% of the unpaid principal balance of the loan. | XXXXX Residential Originator and Servicer Licensing Act: Mortgage loan contains an impermissible prepayment penalty. | Mortgage loan contains an impermissible prepayment penalty. | Reviewer Comment (2024-12-12): XXXXX Reviewer Comment (2024-12-11): XXXXX Seller Comment (2024-12-09): XXXXX |
12/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MN | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99486715 | 32064843 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.79511% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $13,150.86 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $10,395.64 (an overage of $2,755.22 or .79511%). | XXXXX Points and Fees exceed allowable threshold by $2,755.22 or .79511%. | 11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99486715 | 32064856 | 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. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2024-11-19): XXXXX Seller Comment (2024-11-19): XXXXX |
11/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93258160 | 32239061 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $905.00 exceeds tolerance of $700.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $905.00 exceeds tolerance of $700.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-22): XXXXX |
11/22/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99716285 | 32324022 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.86804% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $32,248.78 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $25,011.69 (an overage of $7,237.09 or .86804%). | XXXXX Points and Fees exceed allowable threshold by $7,237.09 or .86804% | 12/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97347639 | 32146762 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.65249% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,402.90 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,707.95 (an overage of $3,694.95 or 1.65249%). | XXXXX Points and Fees exceed allowable threshold by $3,694.95 or 1.65249%. | 11/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97347639 | 32146781 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 91929110 | 32239196 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.11430% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $24,964.08 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $14,643.69 (an overage of $10,320.39 or 2.11430%). | XXXXX Points and Fees exceed allowable threshold by $10,320.39 or 2.11430%. | 11/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95002362 | 32089751 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $78.37 exceeds tolerance of $60.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $78.37 exceeds tolerance of $60.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-12): XXXXX |
11/12/2024 | 1 | A | A | A | A | A | A | A | A | A | A | AK | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97375119 | 32086432 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 6.21300% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $40,539.83 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $7,914.83 or 1.21300%). | XXXXX Points and Fees on subject loan of 6.21300% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount | 11/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | C | B | B | B | D | A | N/A | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97375119 | 32086435 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-11-19): XXXXX Seller Comment (2024-11-18): XXXXX |
11/19/2024 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Purchase | D | B | C | B | B | B | D | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97375119 | 32086449 | 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 FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-15): XXXXX Reviewer Comment (2024-11-14): XXXXX Seller Comment (2024-11-14): XXXXX |
11/15/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | D | B | C | B | B | B | D | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 95952957 | 32065222 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95952957 | 32065225 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.61717% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,028.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,165.43 (an overage of $3,862.57 or 1.61717%). | XXXXX Points and Fees exceed allowable threshold by $3,862.57 or 1.61717%. | 11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95952957 | 32065227 | 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 three (3) business days of application. Initial Loan Estimate dated XX/XX/XX 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 XXXXX result in additional fee tolerance violations. | Disclosures were sent to borrower prior to obtain consent for electronic disclosure from borrower. Lender to provide proof of consent within initial 3 days of application OR proof of disclosure sent to borrower using another method within 3 days of application. | Reviewer Comment (2024-12-03): XXXXX Seller Comment (2024-12-02): XXXXX Reviewer Comment (2024-11-14): XXXXX Seller Comment (2024-11-13): XXXXX |
12/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95385017 | 32156672 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 11/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Non QM | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95385017 | 32156731 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage Statement is missing for XXXXX | Reviewer Comment (2024-11-25): XXXXX Seller Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-22): XXXXX Seller Comment (2024-11-21): XXXXX |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Non QM | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90369048 | 32059793 | 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. | Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Reviewer Comment (2024-11-13): XXXXX Seller Comment (2024-11-12): XXXXX |
11/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90369048 | 32059796 | Compliance | Compliance | State Compliance | Misc. State Level | Colorado Consumer Credit Code (First Lien Refinance Notice Not Provided) | XXXXX Consumer Credit Code: Borrower not provided First Lien Refinance Notice. | Borrower not provided First Lien Refinance Notice. | Reviewer Comment (2024-11-13): XXXXX Seller Comment (2024-11-12): XXXXX |
11/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90369048 | 32059797 | 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 three (3) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Reviewer Comment (2024-11-13): XXXXX Seller Comment (2024-11-12): XXXXX |
11/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92843029 | 31961078 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide a corrected CD showing the assumable indicator marked yes for the subject loan. | Reviewer Comment (2024-08-22): XXXXX Buyer Comment (2024-08-21): XXXXX |
08/22/2024 | 1 | A | A | A | A | A | CA | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 94673589 | 31961145 | 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 amount is blank. Need an updated Title Preliminary document or escrow instructions. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX Reviewer Comment (2024-08-30): XXXXX Buyer Comment (2024-08-28): XXXXX |
08/30/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | B | B | B | A | B | B | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 94673589 | 31961148 | Compliance | Compliance | State Compliance | State Late Charge | California Non Primary Residence Late Charge Grace Period Testing | XXXXX Late Charge: Note grace period of 5 days is less than the state minimum of 10 days. | XXXXX Non Primary Residence Late Charge Grace Period Testing. XXXXX Late Charge: Note grace period of 5 days is less than the state minimum of 10 days. | Buyer Comment (2024-09-05): XXXXX Buyer Comment (2024-09-04): XXXXX |
09/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | A | B | B | A | A | N/A | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94673589 | 31961149 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.11635% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $23,415.80 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $532.50 or .11635%). | This is an EV2 informational and XXXXX be waived. | Buyer Comment (2024-08-28): XXXXX |
08/28/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | A | B | B | A | A | N/A | N/A | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99374833 | 31961166 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Tax Certificate is missing in file for subject property. | Reviewer Comment (2024-09-11): XXXXX Buyer Comment (2024-09-09): XXXXX |
09/11/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97032117 | 32352969 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Investment | Refinance - Rate/Term | B | B | B | B | A | A | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 94892193 | 32168980 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification of appraisal was delivered to borrower was not provided | 11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94892193 | 32168982 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $15,171.67 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Loan Discount Points was last disclosed as $15171.67 on LE but disclosed as $15171.67 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 $0.00, 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 (2024-12-06): XXXXX Reviewer Comment (2024-11-27): XXXXX |
12/06/2024 | 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 | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94892193 | 32168985 | 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 file was missing a copy of the final title policy. | Reviewer Comment (2024-12-03): XXXXX |
12/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94892193 | 32168986 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file was missing a copy of the final title policy. | Reviewer Comment (2024-12-06): XXXXX |
12/06/2024 | 1 | A | A | A | A | A | A | A | A | A | A | OR | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97724829 | 32246736 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard insurance amount is insufficient, required additional insurance coverage to cover the amount. Please provide additional insurance coverage document. | Reviewer Comment (2024-12-05): XXXXX Seller Comment (2024-12-04): XXXXX Reviewer Comment (2024-12-04): XXXXX Seller Comment (2024-12-03): XXXXX |
12/05/2024 | 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 | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 97663531 | 32089474 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $590.00 exceeds tolerance of $505.00. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $505.00 on Initial closing disclosure but disclosed as $590.00 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$85.00 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 (2024-12-13): XXXXX Seller Comment (2024-12-12): XXXXX Reviewer Comment (2024-12-10): XXXXX Seller Comment (2024-12-09): XXXXX Reviewer Comment (2024-11-26): XXXXX Seller Comment (2024-11-25): XXXXX Reviewer Comment (2024-11-22): XXXXX Seller Comment (2024-11-20): XXXXX Reviewer Comment (2024-11-19): XXXXX Seller Comment (2024-11-15): XXXXX |
12/13/2024 | 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 | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92372474 | 32323960 | 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 FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-17): XXXXX Reviewer Comment (2024-12-09): XXXXX |
12/17/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 92372474 | 32323979 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.89674% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $49,085.44 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $30,072.29 (an overage of $19,013.15 or 1.89674%). | XXXXX Points and Fees exceed allowable threshold by $19,013.15 or 1.89674% | 12/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93186584 | 32319365 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Refinance - Rate/Term | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 97007395 | 32059384 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 11/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 97007395 | 32059385 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 11/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 97007395 | 32059426 | 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 file was missing a copy of the final title policy. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99420355 | 32196400 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.21001% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $23,376.88 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $16,658.08 (an overage of $6,718.80 or 1.21001%). | XXXXX Points and Fees exceed allowable threshold by $6,718.80 or 1.21001%. | 11/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99420355 | 32196404 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $700.00 exceeds tolerance of $565.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as $565.00 on LE but disclosed as $700.00 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-21): XXXXX |
11/21/2024 | 1 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96263566 | 32126146 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.23205% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $10,987.30 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $487.30 or .23205%). | XXXXX Points and Fees on subject loan of 5.23205% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $10,987.30 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $487.30 or .23205%). | 11/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94367243 | 32333355 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.80837% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $81,085.27 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $63,873.93 (an overage of $17,211.34 or .80837%). | XXXXX Points and Fees exceed allowable threshold by $17,211.34 or .80837%. | 12/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94367243 | 32334876 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 11.78 is less than Guideline PITIA months reserves of 12.00. Final 1003 reflects balance of $665,562.80 for account #XXXXX was used to qualify, however most recent statement in file reflects balance of $621,353.06. | Reviewer Comment (2024-12-16): XXXXX Seller Comment (2024-12-16): XXXXX |
12/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94367243 | 32334912 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-12-16): XXXXX Seller Comment (2024-12-16): XXXXX |
12/16/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TN | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94367243 | 32334913 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-12-16): XXXXX Seller Comment (2024-12-16): XXXXX |
12/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98973103 | 32437891 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 99112735 | 32142167 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $123.00 exceeds tolerance of $90.00 plus 10% or $99.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing. | Reviewer Comment (2024-11-14): XXXXX |
11/14/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NC | Primary | Purchase | Final CD evidences Cure | C | B | C | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99112735 | 32142187 | 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: ___ |
he subject property is located in a FEMA disaster area that does not have a declared end date. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be inspected. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-20): XXXXX Seller Comment (2024-11-20): XXXXX |
11/20/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 92851860 | 32091847 | 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. | The subject property is located in a FEMA disaster area that does not have a declared end date. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be inspected. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-20): XXXXX Reviewer Comment (2024-11-18): XXXXX Seller Comment (2024-11-15): XXXXX |
11/20/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Second Home | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92851860 | 32092098 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. The W2 transcripts show the borrower has a K-1 loss and included it in the DTI, however the K-1s were not provided. | Reviewer Comment (2024-11-18): XXXXX Seller Comment (2024-11-18): XXXXX |
11/18/2024 | 1 | B | A | C | A | B | A | C | A | B | A | NC | Second Home | Purchase | Lender to provide updated ATR/QM status | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92851860 | 32092099 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - K-1 Less 25% | Ability to Repay (Dodd-Frank XXXXX): Unable to verify K-1 (Less than 25% Ownership) income using reasonably reliable third-party records. | The W2 transcripts show the borrower has a K-1 loss and included it in the DTI, however the K-1s were not provided. | Reviewer Comment (2024-11-18): XXXXX |
11/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Second Home | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92851860 | 32092100 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank XXXXX): General Ability-to-Repay requirements not satisfied. | ATR failure due to insufficient income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. The W2 transcripts show the borrower has a K-1 loss and included it in the DTI, however the K-1s were not provided. | Reviewer Comment (2024-11-18): XXXXX |
11/18/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NC | Second Home | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92851860 | 32093835 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 11/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Second Home | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94381292 | 32073045 | 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 file was missing a copy of the final title policy. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 93540123 | 32273661 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.50356% is in excess of the investor allowable maximum of the greater of .00000% of the Federal Total Loan Amount and $3914.00 (XXXXX). Points and Fees total $4,227.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $3,914.00 and $3914.00 (XXXXX) (an overage of $313.00 or 4.50356%). | XXXXX Points and Fees exceed allowable threshold by $313.00 or 4.50356%. | 12/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93540123 | 32273666 | Compliance | Compliance | State Compliance | State Defect | (State High Cost) Georgia High-Cost Loan (Points and Fees) | XXXXX Fair Lending Act: Points and Fees on subject loan of 6.32539% is in excess of the allowable maximum of 5.00000% of the Total Loan Amount. Points and Fees total $5,936.95 on a Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $1,244.00 or 1.32539%). Non-Compliant High-Cost Loans. | Points and Fees on subject loan of 6.32539% is in excess of the allowable maximum of 5.00000% of the Total Loan Amount. Points and Fees total $5,936.95 on a Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $1,244.00 or 1.32539%). | Reviewer Comment (2024-12-04): XXXXX Seller Comment (2024-12-03): XXXXX |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | 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 | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93540123 | 32273667 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $1,542.00 exceeds tolerance of $1,442.00. Insufficient or no cure was provided to the borrower. | Loan Discount Points was last disclosed as $1,442.00 but disclosed as $1,542.00 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 $100.00, 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 (2024-12-12): XXXXX Seller Comment (2024-12-11): XXXXX |
12/12/2024 | 2 | C | B | C | B | C | B | C | B | C | B | 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 | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93540123 | 32273668 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $680.00 exceeds tolerance of $515.00. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $515.00, but disclosed as $680.00 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 $165.00, 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 (2024-12-04): XXXXX Seller Comment (2024-12-03): XXXXX |
12/04/2024 | 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 | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93540123 | 32276162 | Compliance | Compliance | State Compliance | State Defect | (State High Cost Provision) Georgia High-Cost Loan (Counseling Requirement) | XXXXX High-Cost Loan: No evidence that borrower received counseling on the advisability of the loan transaction. | Evidence of borrower receipt was not found in file. | Reviewer Comment (2024-12-04): XXXXX Seller Comment (2024-12-03): XXXXX |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | See any available cure under the Georgia High Cost Loan threshold exception. | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93540123 | 32276163 | Compliance | Compliance | State Compliance | State Defect | (State High Cost Disclosure) Georgia High-Cost Loan (Fair Lending Notice Not on Note and/or Security Instrument) | XXXXX High-Cost Loan: Required GFLA Notice is not displayed on all documents that create a debt or pledge property as collateral. | Evidence of borrower receipt was not found in file. | Reviewer Comment (2024-12-04): XXXXX Seller Comment (2024-12-03): XXXXX |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | See any available cure under the Georgia High Cost Loan threshold exception. | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95545390 | 32313239 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.68932% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $16,967.70 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $13,797.42 (an overage of $3,170.28 or .68932%). | XXXXX Points and Fees exceed allowable threshold by $3,170.28 or .68932%. | 12/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91321166 | 32274210 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.80950% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,505.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,552.66 (an overage of $3,952.34 or 1.80950%). | XXXXX Points and Fees exceed allowable threshold by $3,952.34 or 1.80950%. | 12/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98186293 | 32223588 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94919748 | 32125511 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 11/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94919748 | 32125526 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | The file was missing a copy of the final title policy. | Reviewer Comment (2024-12-09): XXXXX Seller Comment (2024-12-09): XXXXX |
12/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94919748 | 32253460 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Rental income can be used if deposited into a separate bank account than what is being utilized for self-employed bank statement income. Income to be documented with a current lease and supported with 12/24 months statements that match lease agreement. Missing banks statements reflecting rental income deposited into separate account. | Reviewer Comment (2024-12-09): XXXXX Seller Comment (2024-12-06): XXXXX Reviewer Comment (2024-12-05): XXXXX Seller Comment (2024-12-04): XXXXX Reviewer Comment (2024-12-03): XXXXX Seller Comment (2024-12-02): XXXXX Reviewer Comment (2024-11-29): XXXXX Seller Comment (2024-11-27): XXXXX |
12/09/2024 | 1 | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 90131411 | 32343303 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.00442% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $16,270.63 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $14.38 or .00442%). | Points and Fees threshold exceeded by $14.38 or .00442%. | 12/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90131411 | 32343845 | Compliance | Compliance | State Compliance | State Defect | Ohio Prepayment Penalty | XXXXX Prepayment Penalty: Maximum calculated prepay of $9,753.75 exceeds the state maximum of 1% of the original balance ($3,251.25). Prepay language states prepay will not exceed maximum permitted by applicable law. | Maximum calculated prepay of $9,753.75 exceeds the state maximum of 1% of the original balance ($XXXXX). Prepay language states prepay will not exceed maximum permitted by applicable law. | Reviewer Comment (2024-12-19): XXXXX |
12/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94713220 | 32355176 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94713220 | 32355278 | 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 was not provided to the borrower. | Reviewer Comment (2024-12-18): XXXXX |
12/18/2024 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91439115 | 32046870 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-11-18): XXXXX Seller Comment (2024-11-15): XXXXX |
11/18/2024 | 1 | D | A | D | A | D | A | D | A | D | A | OR | Primary | Purchase | D | B | A | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91439115 | 32047514 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.25479% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $7,037.86 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,486.92 (an overage of $550.94 or .25479%). | 11/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | A | A | B | B | D | A | Non QM | Non QM | Yes | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95042243 | 32334764 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 7.45152% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $24,590.00 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $8,090.00 or 2.45152%). | Points and Fees threshold exceeded by $8,090.00 or 2.45152%. | 12/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90634886 | 32273758 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90790079 | 32372779 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 6.30252% is in excess of the investor allowable maximum of the greater of .00000% of the Federal Total Loan Amount and $3914.00 (XXXXX). Points and Fees total $7,294.63 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $3,914.00 and $3914.00 (XXXXX) (an overage of $3,380.63 or 6.30252%). | XXXXX Points and Fees exceed allowable threshold by $3,380.63 or 6.30252%. | 12/17/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90790079 | 32372787 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $623.60 exceeds tolerance of $500.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as $500.00 on LE but disclosed as $623.60 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2024-12-13): XXXXX |
12/13/2024 | 1 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 90947365 | 32156827 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-11-26): XXXXX |
11/26/2024 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 90947365 | 32156832 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | Initial Rate Lock rate date is missing. | Reviewer Comment (2024-11-25): XXXXX |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 95329513 | 32352616 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95329513 | 32352617 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.71071% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $15,990.00 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $1,990.00 or .71071%). | Final Disclosure APR of 5.00000% is in excess of allowable threshold of 1,990.00 or .71071% | 12/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | N/A | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95329513 | 32352743 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Verification(s) of employment is not within 10 business days of the Note. | Reviewer Comment (2024-12-16): XXXXX Seller Comment (2024-12-16): XXXXX |
12/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95329513 | 32352744 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Verification(s) of employment is not within 10 business days of the Note. | Reviewer Comment (2024-12-16): XXXXX Seller Comment (2024-12-16): XXXXX |
12/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95329513 | 32366883 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Prepayment penalty addendum to the Note was not provided. | Reviewer Comment (2024-12-16): XXXXX Seller Comment (2024-12-16): XXXXX |
12/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | Yes | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95329513 | 32422287 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Issue: Ineligible borrower | Guidelines do not allow for a loan to close in the name of an LLC when the loan is not a DSCR loan; guides follow XXXXX and under the general borrower eligibility requirements it states the borrower must be a natural person. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-23): XXXXX Reviewer Comment (2024-12-20): XXXXX |
12/23/2024 | 2 | B | B | B | B | B | SC | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 94038516 | 32160093 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 9.76607% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $27,345.00 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $13,345.00 or 4.76607%). | XXXXX Points and Fees threshold exceed allowable threshold by $13,345.00 or 4.76607%. | 11/21/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | N/A | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94038516 | 32160182 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | The File is missing a Copy of Account statement with Deposit of $16,950 in the file. | Reviewer Comment (2024-11-27): XXXXX Seller Comment (2024-11-26): XXXXX Reviewer Comment (2024-11-26): XXXXX Seller Comment (2024-11-25): XXXXX |
11/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94038516 | 32160184 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The file is missing a Account Statements - Business document. | Reviewer Comment (2024-11-27): XXXXX Seller Comment (2024-11-26): XXXXX Reviewer Comment (2024-11-26): XXXXX Seller Comment (2024-11-25): XXXXX |
11/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94038516 | 32232452 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The note reflects XXXXX as the borrower with a personal guarantor and the loan is not a DSCR loan. Guidelines do not allow for a loan to close in the name of an LLC. Guidelines follow XXXXX which states under the general eligibility requirements that the borrower must be a natural person. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-03): XXXXX Reviewer Comment (2024-12-02): XXXXX Seller Comment (2024-11-27): XXXXX |
12/03/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93171598 | 32073418 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-11-21): XXXXX Seller Comment (2024-11-20): XXXXX |
11/21/2024 | 1 | D | A | D | A | D | A | D | A | D | A | WA | Primary | Refinance - Cash-out - Other | D | B | A | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93171598 | 32073470 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated XX/XX/XX). The disclosed Total of Payments in the amount of $2,116,018.13 is under disclosed by $95.00 compared to the calculated total of payments of $2,116,113.13 which exceeds the $35.00 threshold. | Final Closing Disclosure provided on XX/XX/XX disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated XX/XX/XX) | Reviewer Comment (2024-12-20): XXXXX Seller Comment (2024-12-19): XXXXX Reviewer Comment (2024-12-16): XXXXX Seller Comment (2024-12-13): XXXXX Reviewer Comment (2024-12-13): XXXXX Seller Comment (2024-12-11): XXXXX Reviewer Comment (2024-11-25): XXXXX Seller Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-18): XXXXX |
12/20/2024 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Primary | Refinance - Cash-out - Other | 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 | D | B | A | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93171598 | 32073471 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $5.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $5.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-11-25): XXXXX Seller Comment (2024-11-22): XXXXX |
11/25/2024 | 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 | D | B | A | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96912120 | 32288056 | Compliance | Compliance | State Compliance | State Defect | Maryland SB270 Prepayment Penalty Test 2009 Investment Test | XXXXX SB270: 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. | 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 (2024-12-12): XXXXX Reviewer Comment (2024-12-05): XXXXX Seller Comment (2024-12-05): XXXXX |
12/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91114295 | 32248490 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX did not disclose whether the loan will have an escrow account. | Page 3 and page 4 of closing disclosure dated on XX/XX/XX are missing. Kindly provide completed document for closing disclosure dated XX/XX/XX with all the pages to verify and updated the details. | Reviewer Comment (2024-12-02): XXXXX Seller Comment (2024-12-02): XXXXX |
12/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91114295 | 32248491 | 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). | Page 3 and page 4 of closing disclosure dated on XX/XX/XX are missing. Kindly provide completed document for closing disclosure dated XX/XX/XX with all the pages to verify and updated the details. | Reviewer Comment (2024-12-10): XXXXX Seller Comment (2024-12-09): XXXXX Seller Comment (2024-12-04): XXXXX |
12/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | 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 | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91114295 | 32248492 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Negative Amortization | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX incorrectly disclosed whether the loan contains Negative Amortization. | Page 3 and page 4 of closing disclosure dated on XX/XX/XX are missing. Kindly provide completed document for closing disclosure dated XX/XX/XX with all the pages to verify and updated the details. | Reviewer Comment (2024-12-02): XXXXX |
12/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91114295 | 32248493 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Partial Payments | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX incorrectly disclosed whether the loan allows for Partial Payments. | Page 3 and page 4 of closing disclosure dated on XX/XX/XX are missing. Kindly provide completed document for closing disclosure dated XX/XX/XX with all the pages to verify and updated the details. | Reviewer Comment (2024-12-02): XXXXX |
12/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91114295 | 32248494 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Property Costs Year 1 Underdisclosed - October 2018 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of on Final Closing Disclosure provided on XX/XX/XX are underdisclosed | Page 3 and page 4 of closing disclosure dated on XX/XX/XX are missing. Kindly provide completed document for closing disclosure dated XX/XX/XX with all the pages to verify and updated the details. | Reviewer Comment (2024-12-02): XXXXX |
12/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91114295 | 32248495 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Security Interest | Unable to determine if the Closing Disclosure provided on (XX/XX/XX) disclosed a security interest address that was materially different than the collateral address. | Page 3 and page 4 of closing disclosure dated on XX/XX/XX are missing. Kindly provide completed document for closing disclosure dated XX/XX/XX with all the pages to verify and updated the details. | Reviewer Comment (2024-12-02): XXXXX |
12/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91114295 | 32248496 | 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 XX/XX/XX incorrectly disclosed whether the loan will have an escrow account. | Page 3 and page 4 of closing disclosure dated on XX/XX/XX are missing. Kindly provide completed document for closing disclosure dated XX/XX/XX with all the pages to verify and updated the details. | Reviewer Comment (2024-12-02): XXXXX |
12/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91114295 | 32248507 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 92838501 | 32252877 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Stamped Title Company Closing Statement Used For Fee Testing Non Material | Missing Final HUD-1: Stamped Title Company Closing Statement used for any applicable Federal, State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement. EV2 informational finding to indicate which document was used to source fees for any applicable testing. | Reviewer Comment (2024-12-10): XXXXX Reviewer Comment (2024-11-26): XXXXX Seller Comment (2024-11-26): XXXXX Reviewer Comment (2024-11-25): XXXXX |
12/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92838501 | 32254221 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | 11/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92838501 | 32254222 | Compliance | Compliance | Federal Compliance | Missing Application Date | Initial Loan Application - Signed and Dated | The initial loan application was not signed and dated. | Missing initial 1003. | Reviewer Comment (2024-12-10): XXXXX Reviewer Comment (2024-11-26): XXXXX Seller Comment (2024-11-26): XXXXX Reviewer Comment (2024-11-25): XXXXX |
12/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93563735 | 32073395 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | 11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| XXXX | XXXX | XXXX | XXXX | 99065762 | 32089926 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Reviewer Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-19): XXXXX Seller Comment (2024-11-14): XXXXX |
11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99065762 | 32089927 | Compliance | Compliance | Federal Compliance | Missing Application Date | Missing Initial Loan Application | The initial loan application was missing from the loan file. | The file is missing a copy of the Initial 1003 Application. | Reviewer Comment (2024-11-25): XXXXX Reviewer Comment (2024-11-21): XXXXX Seller Comment (2024-11-19): XXXXX |
11/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99065762 | 32089928 | Compliance | Compliance | State Compliance | State Defect | Pennsylvania Prepayment Penalty First Lien | XXXXX Prepayment Penalty: A prepayment penalty not permissible on a first lien loan less than or equal to $312,159.00. Prepay language states prepay will not exceed maximum permitted by applicable law. | A prepayment penalty not permissible on a first lien loan less than or equal to $312,159.00. Prepay language states prepay will not exceed maximum permitted by applicable law. | Reviewer Comment (2024-11-25): XXXXX |
11/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95277710 | 32071041 | Compliance | Compliance | Federal Compliance | Missing Application Date | Missing Initial Loan Application | The initial loan application was missing from the loan file. | The file is missing a copy of the Initial 1003 | Reviewer Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-14): XXXXX Seller Comment (2024-11-11): XXXXX |
11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95277710 | 32071106 | 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 FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX 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. | SitusAMC,Aggregator | Reviewer Comment (2024-11-21): XXXXX Reviewer Comment (2024-11-14): XXXXX Seller Comment (2024-11-11): XXXXX |
11/21/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 95277710 | 32075251 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Reviewer Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-14): XXXXX Seller Comment (2024-11-11): XXXXX |
11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95743773 | 32090235 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Reviewer Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-12): XXXXX |
11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92068488 | 32092293 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-11-20): XXXXX Seller Comment (2024-11-14): XXXXX |
11/20/2024 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Purchase | D | A | A | A | C | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92068488 | 32093655 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $1,045.00 exceeds tolerance of $995.00. Insufficient or no cure was provided to the borrower. | Appraisal Fee was not disclosed on Loan Estimate in the amount of $1045.l00.. Provide a post-close CD disclosing the tolerance cure to include $345.00, 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 (2024-11-18): XXXXX Seller Comment (2024-11-14): XXXXX |
11/18/2024 | 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 | D | A | A | A | C | A | D | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99327297 | 32070994 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.11413% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $19,905.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $19,175.49 (an overage of $729.51 or .11413%). | XXXXX Points and Fees exceed allowable threshold by $729.51 or .11413%. | 11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99327297 | 32070997 | 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. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2024-11-12): XXXXX Seller Comment (2024-11-12): XXXXX |
11/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99327297 | 32088403 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $953.50 exceeds tolerance of $830.00 plus 10% or $913.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-11): XXXXX |
11/11/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95258055 | 32071718 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/08/2024 | 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 | |||||||
| XXXX | XXXX | XXXX | XXXX | 95258055 | 32071747 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided | The file is missing a copy of Verification of Non-US Citizen document. | Reviewer Comment (2024-11-18): XXXXX Seller Comment (2024-11-18): XXXXX |
11/18/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95258055 | 32088435 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | Missing 4506-C for wage income used to qualify as required by guidelines. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-04): XXXXX Seller Comment (2024-12-03): XXXXX |
12/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 91712004 | 32071403 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.36120% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $18,275.30 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $16,311.41 (an overage of $1,963.89 or .36120%). | XXXXX Points and Fees exceed allowable threshold by $1,963.89 or .36120%. | 11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NM | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98137308 | 32065868 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation failure due to ATM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. | Reviewer Comment (2024-11-12): XXXXX |
11/12/2024 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98137308 | 32065869 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - W-2 | Ability to Repay (Dodd-Frank XXXXX): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. | This file was missing a copy of VVOE. | Reviewer Comment (2024-11-12): XXXXX Seller Comment (2024-11-12): XXXXX |
11/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98137308 | 32065870 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - W-2 | Ability to Repay (Dodd-Frank XXXXX): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. | This file was missing a copy of VVOE. | Reviewer Comment (2024-11-12): XXXXX Seller Comment (2024-11-12): XXXXX |
11/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98137308 | 32065871 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - W-2 | Ability to Repay (Dodd-Frank XXXXX): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. | This file was missing a copy of VVOE. | Reviewer Comment (2024-11-12): XXXXX Seller Comment (2024-11-12): XXXXX |
11/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98137308 | 32065873 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank XXXXX): General Ability-to-Repay requirements not satisfied. | ATR failure due to insufficient income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-11-12): XXXXX |
11/12/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98137308 | 32065892 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | This file was missing a copy of VVOE. Per guidelines, Verbal Verification of Employment VVOE completed within 10 days of closing must be provided. | Reviewer Comment (2024-11-18): XXXXX Reviewer Comment (2024-11-12): XXXXX |
11/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98137308 | 32065893 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | This file was missing a copy of VVOE. Per guidelines, Verbal Verification of Employment VVOE completed within 10 days of closing must be provided. | Reviewer Comment (2024-11-18): XXXXX Reviewer Comment (2024-11-12): XXXXX |
11/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98137308 | 32065894 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | This file was missing a copy of VVOE. Per guidelines, Verbal Verification of Employment VVOE completed within 10 days of closing must be provided. | Reviewer Comment (2024-11-18): XXXXX Reviewer Comment (2024-11-12): XXXXX |
11/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98137308 | 32065949 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 98137308 | 32088446 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | VVOE not provided. | Reviewer Comment (2024-11-18): XXXXX Reviewer Comment (2024-11-12): XXXXX |
11/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98137308 | 32088447 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | VVOE not provided. | Reviewer Comment (2024-11-18): XXXXX Reviewer Comment (2024-11-12): XXXXX |
11/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98137308 | 32088448 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | VVOE not provided. | Reviewer Comment (2024-11-18): XXXXX Reviewer Comment (2024-11-12): XXXXX |
11/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90409892 | 32156355 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.18955% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $13,649.88 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $9,774.24 (an overage of $3,875.64 or 1.18955%). | XXXXX Points and Fees threshold exceeded by an overage of $3,875.64 or 1.18955% | 11/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90409892 | 32157253 | 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 (2024-11-25): XXXXX Reviewer Comment (2024-11-21): XXXXX Seller Comment (2024-11-19): XXXXX |
11/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | 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 | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96519718 | 32129156 | 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 80.00000% exceeds Guideline loan to value percentage of 75.00000%. Maximum LTV allowed for loan amount of $3,500,000 or less is 75%. Loan amount is $XXXXX. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-14): XXXXX |
11/22/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 96519718 | 32129157 | 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 ___. | Calculated combined loan to value percentage of 80.00000% exceeds Guideline combined loan to value percentage of 75.00000%. Maximum CLTV allowed for loan amount of $3,500,000 or less is 75%. Loan amount is $XXXXX. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-14): XXXXX |
11/22/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 91329639 | 32125809 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | The file is missing copy of Hazard insurance document. | Reviewer Comment (2024-11-18): XXXXX Seller Comment (2024-11-15): XXXXX |
11/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91329639 | 32144311 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | HUD-1 total cash-out of ___ is greater than Guideline total cash-out of ___. | HUD-1 total cash-out of $557,746.53 is greater than Guideline total cash-out of $500,000.00. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-18): XXXXX Seller Comment (2024-11-15): XXXXX |
11/22/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 91329639 | 32159346 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $298,466. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2024-12-02): XXXXX Seller Comment (2024-11-29): XXXXX |
12/02/2024 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 98120461 | 32161842 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after XX/XX/XX contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Evidence of earlier receipt by borrower not found in file | Reviewer Comment (2024-11-25): XXXXX Seller Comment (2024-11-22): XXXXX |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TRID timing exception, no remediation available. | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98120461 | 32162156 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $283.50 exceeds tolerance of $180.00 plus 10% or $198.00. Sufficient or excess cure was provided to the borrower at Closing. | Total amount of $283.50 exceeds tolerance of $180.00 plus 10% or $198.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-19): XXXXX |
11/19/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96813904 | 32065816 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.02832% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $14,402.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $10,725.94 (an overage of $3,676.56 or 1.02832%). | XXXXX point and Fees exceed allowable threshold by $3,676.56 or 1.02832%. | 11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98080341 | 32126862 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 98080341 | 32144610 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | NSF exceeds maximum number of 3. Lender exception provided in file. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-14): XXXXX |
11/22/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97251376 | 32072038 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | HOEPA disclosure was not provided to the Borrower | Reviewer Comment (2024-12-06): XXXXX Reviewer Comment (2024-11-27): XXXXX Seller Comment (2024-11-25): XXXXX |
12/06/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97251376 | 32072039 | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of 5.32947% is in excess of the allowable maximum of 5.00000% of the Federal Total Loan Amount. Points and Fees of $14,249.06 on a Federal Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $880.88 or .32947%). Non-Compliant High Cost Loan. | HOEPA disclosure was not provided to the Borrower | Reviewer Comment (2024-12-06): XXXXX Reviewer Comment (2024-12-04): XXXXX Reviewer Comment (2024-11-27): XXXXX Seller Comment (2024-11-25): XXXXX |
12/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97251376 | 32072040 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | HOEPA disclosure was not provided to the Borrower | Reviewer Comment (2024-12-06): XXXXX Reviewer Comment (2024-11-27): XXXXX Seller Comment (2024-11-25): XXXXX |
12/06/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97251376 | 32072042 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.32947% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $14,249.06 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,020.90 (an overage of $6,228.16 or 2.32947%). | XXXXX Points and Fees exceed allowable threshold by $6,228.16 or 2.32947% | 11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97251376 | 32072047 | Compliance | Compliance | State Compliance | State Defect | (State High Cost Provision) North Carolina High-Cost Loan (Counseling Requirement) | XXXXX High-Cost Loan: No evidence borrower received home-ownership counseling by an approved XXXXX Housing Finance Agency. | No evidence borrower received home-ownership counseling by an approved XXXXX Housing Finance Agency. | Reviewer Comment (2024-12-06): XXXXX Reviewer Comment (2024-11-27): XXXXX Seller Comment (2024-11-25): XXXXX Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-13): XXXXX |
12/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | See any available cure under the North Carolina High Cost Loan threshold exception. | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97251376 | 32072048 | Compliance | Compliance | State Compliance | State Defect | (State High Cost) North Carolina High-Cost Loan (Points and Fees) | XXXXX Anti-Predatory Lending Law: Points and Fees on subject loan of 5.34815% is in excess of the allowable maximum of 5.00000% of the Total Loan Amount. Points and Fees total $14,299.01 on a Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $930.83 or .34815%). Non-Compliant High Cost Loan. | Points and Fees on subject loan of 5.71843% is in excess of the allowable maximum of 5.00000% of the Total Loan Amount. Points and Fees total $15,289.01 on a Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $1,920.83 or .71843%). Non-Compliant High Cost Loan. | Reviewer Comment (2024-12-06): XXXXX Reviewer Comment (2024-12-04): XXXXX Reviewer Comment (2024-11-27): XXXXX Seller Comment (2024-11-25): XXXXX Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-13): XXXXX |
12/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | (Limited Use Bona Fide Errors - Compliance and Client Approval Required) Within 30 days of loan closing or 60 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) signed borrower choice letter to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (5) If option 4(a) is selected, copy of refund check and proof of mailing; (6) If option 4(b) is selected, proof of cure for each of the prohibited practice violations. 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97251376 | 32072062 | 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 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. | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. | SitusAMC,Aggregator | Reviewer Comment (2024-11-21): XXXXX Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-13): XXXXX |
11/21/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 97251376 | 32073704 | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcripts (1040). | - | Reviewer Comment (2024-11-27): XXXXX Seller Comment (2024-11-25): XXXXX Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-13): XXXXX |
11/27/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97251376 | 32073723 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception is in the file for INCOME: Other - Missing documentation from employer that borrower has no job-related expenses. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. Property inspected post disaster but pre-FEMA declaration of disaster end date. |
Property inspected post disaster but pre-FEMA declaration of disaster end date. | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC,Aggregator |
Reviewer Comment (2024-12-10): XXXXX |
12/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 96405930 | 32068125 | Compliance | Compliance | State Compliance | Misc. State Level | Maryland Counseling Agencies Disclosure Not in File | XXXXX HB1399 - No evidence of required counseling disclosure language per XXXXX. | No evidence of required counseling disclosure language per XXXXX. | Reviewer Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-13): XXXXX |
11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93431753 | 32063282 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.24176% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $7,053.91 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $4,988.90 (an overage of $2,065.01 or 1.24176%). | XXXXX Points and Fees exceed allowable threshold by $2,065.01 or 1.24176%. | 11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | C | B | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93431753 | 32063290 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-11-20): XXXXX Seller Comment (2024-11-14): XXXXX |
11/20/2024 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Primary | Purchase | D | B | C | B | C | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93431753 | 32063677 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX). | Finance Charge disclosed is $342,067.13 Calculated finance charge is $341,890.98 Variance of -$176.15. | Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-14): XXXXX |
11/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | 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 | D | B | C | B | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93431753 | 32063680 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX). | Finance Charge disclosed is $166,296.69 Calculated finance charge is$166,472.84 Variance of $176.15. | Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-14): XXXXX |
11/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | D | B | C | B | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93431753 | 32063711 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated PITIA months reserves of 3.74 is less than Guideline PITIA months reserves of 6. Guides state business funds XXXXX be used for reserves with a cash flow analysis is provided to support the use of business funds will not have a negative impact. The file is missing the cash flow analysis. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-09): XXXXX Reviewer Comment (2024-12-04): XXXXX Seller Comment (2024-12-02): XXXXX Reviewer Comment (2024-11-29): XXXXX Seller Comment (2024-11-26): XXXXX Reviewer Comment (2024-11-25): XXXXX Seller Comment (2024-11-21): XXXXX Reviewer Comment (2024-11-20): XXXXX Seller Comment (2024-11-14): XXXXX |
12/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | D | B | C | B | C | B | D | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 93431753 | 32063743 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2024-12-10): XXXXX |
12/10/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | D | B | C | B | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93431753 | 32063744 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Based on the loan failing one or more guideline components, the loan is at ATR risk. | Reviewer Comment (2024-12-10): XXXXX |
12/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | D | B | C | B | C | B | D | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91247289 | 32270187 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | Reviewer Comment (2024-12-11): XXXXX Seller Comment (2024-12-09): XXXXX |
12/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94184942 | 32066041 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided | 11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | D | B | A | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94184942 | 32066042 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.13087% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $25,644.85 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $24,572.86 (an overage of $1,071.99 or .13087%). | XXXXX Points and Fees threshold exceed allowable threshold by $1,071.99 or .13087% | 11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | A | A | B | B | D | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94184942 | 32066052 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-11-20): XXXXX Seller Comment (2024-11-14): XXXXX |
11/20/2024 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Primary | Purchase | D | B | A | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94184942 | 32071913 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | D | B | A | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99044099 | 32236666 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $148,764.25 is less than Cash From Borrower $157,129.23. | Reviewer Comment (2024-12-05): XXXXX Seller Comment (2024-11-25): XXXXX |
12/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99044099 | 32236793 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.35372% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,321.98 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $10,127.85 (an overage of $1,194.13 or .35372%). | XXXXX Points and Fees exceed allowable threshold by $1,194.13 or .35372%. | 11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99044099 | 32236941 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 3.00. | Reviewer Comment (2024-12-05): XXXXX Seller Comment (2024-11-25): XXXXX |
12/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99044099 | 32236975 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2024-12-05): XXXXX |
12/05/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99044099 | 32236976 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Based on the loan failing one or more guideline components, the loan is at ATR risk. | Reviewer Comment (2024-12-05): XXXXX |
12/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99044099 | 32238328 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | File is misisng the Cash Flow Analysis document required to use the Funds from Business Accounts. | Reviewer Comment (2024-12-05): XXXXX Seller Comment (2024-11-25): XXXXX |
12/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99044099 | 32238340 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception is in file for loan exceeding the allowable NSF Limits. Compensating factors include excess minimum reserves of additional 12 Months and Time on currect job being more than 5 Years. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-05): XXXXX |
12/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99044099 | 32349125 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Closing Disclosure Lump Sum Allocation | Lump sum lender/seller credit disclosed on Closing Disclosure applied to offset finance charges based on separate itemization of credit pursuant to client's election. If there is not an itemization of credit in file, lump sum credit applied using waterfall (non-finance charges first, then finance charges). | Reviewer Comment (2024-12-10): XXXXX |
12/10/2024 | 1 | A | A | A | A | A | TX | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 90721454 | 32065514 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-11-20): XXXXX Seller Comment (2024-11-14): XXXXX |
11/20/2024 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Primary | Purchase | D | A | C | A | C | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90721454 | 32069146 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated Available for Reserves of 0.00 is less than Guideline Available for Reserves of 6 months | Reviewer Comment (2024-12-09): XXXXX Reviewer Comment (2024-12-04): XXXXX Seller Comment (2024-12-02): XXXXX Reviewer Comment (2024-11-29): XXXXX Seller Comment (2024-11-26): XXXXX Reviewer Comment (2024-11-20): XXXXX Seller Comment (2024-11-14): XXXXX |
12/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | D | A | C | A | C | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90721454 | 32069162 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Verified assets in the amount of $0.00 are insufficient to meet reserves requirement of $251,349.33. Final 1008 reflects $343087.71 verified, however, the file reflects the use of business funds. Guides state when a cash flow analysis is provided to determine that the use of business funds will not have a negative impact on the business, if income from the business is being used to qualify. | Reviewer Comment (2024-11-20): XXXXX Seller Comment (2024-11-14): XXXXX |
11/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | D | A | C | A | C | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90721454 | 32072988 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2024-12-09): XXXXX |
12/09/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | D | A | C | A | C | A | D | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90721454 | 32072989 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-12-09): XXXXX |
12/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | D | A | C | A | C | A | D | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93594985 | 32352625 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Fee. Fee Amount of $100.00 exceeds tolerance of $75.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Verification Fee. Fee Amount of $100.00 exceeds tolerance of $75.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-11): XXXXX |
12/11/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | B | C | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93594985 | 32352698 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Primary | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 93594985 | 32352713 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | File is missing a monthly mortgage statement for XXXXX | Reviewer Comment (2024-12-26): XXXXX Seller Comment (2024-12-24): XXXXX Reviewer Comment (2024-12-20): XXXXX Seller Comment (2024-12-19): XXXXX |
12/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98732494 | 32481686 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98732494 | 32481692 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 6.16794% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $13,084.20 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,363.96 (an overage of $6,720.24 or 3.16794%). | XXXXX Points and Fees exceed allowable threshold by $6,795.24 or 3.24150%. | 12/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98732494 | 32481696 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $10,919.25 exceeds tolerance of $9,851.00. Insufficient or no cure was provided to the borrower. | Loan Discount Fee was last disclosed as $9,851.00 on LE but disclosed as $10,919.25 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 $1,191.25 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 (2025-01-01): XXXXX Seller Comment (2024-12-30): XXXXX |
01/01/2025 | 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 | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98732494 | 32481697 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $723.60 exceeds tolerance of $600.00. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $600.00 on LE but disclosed as $723.60 on Final Closing Disclosure. File does not contain a valid COC for this fee. | Reviewer Comment (2025-01-01): XXXXX Seller Comment (2024-12-30): XXXXX |
01/01/2025 | 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 | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98732494 | 32536910 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $723.60 exceeds tolerance of $600.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-01): XXXXX |
01/01/2025 | 1 | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 91985981 | 32162058 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/21/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97077276 | 32300230 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-04): XXXXX |
12/04/2024 | 1 | A | A | A | A | A | A | A | A | A | A | IN | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93351338 | 32334626 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $798.60 exceeds tolerance of $675.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $798.60 exceeds tolerance of $675.00. Sufficient cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-09): XXXXX |
12/09/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93351338 | 32334627 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $94.00 exceeds tolerance of $89.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $94.00 exceeds tolerance of $89.00. Sufficient cure was provided to the borrower | Reviewer Comment (2024-12-09): XXXXX |
12/09/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94535727 | 32280174 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 94535727 | 32282364 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93389999 | 32459234 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.16419% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $5,964.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $4,296.99 (an overage of $1,667.51 or 1.16419%). | XXXXX Points and Fees exceed allowable threshold by $1,667.51 or 1.16419% | 12/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93389999 | 32459237 | 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 three (3) business days prior to closing. | Initial Closing Disclosure provided XX/XX/XX, less than 3 business days prior to closing. | Reviewer Comment (2024-12-30): XXXXX Seller Comment (2024-12-27): XXXXX |
12/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Cash-out - Other | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94494935 | 32416382 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $165.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal Fee was last disclosed as $0.00 on LE but disclosed as $165.00 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2024-12-16): XXXXX |
12/16/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NH | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94494935 | 32418484 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NH | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95911268 | 32289169 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided | 12/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MT | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95911268 | 32289171 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 9.28018% or Final Disclosure APR of 9.29500% is equal to or greater than the threshold of APOR 6.73% + 1.5%, or 8.23000%. Non-Compliant Higher Priced Mortgage Loan. | Final Disclosure APR of 9.29500% is equal to or greater than the threshold of APOR 6.73% + 1.5%, or 8.23000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-12-13): XXXXX Seller Comment (2024-12-12): XXXXX |
12/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MT | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95911268 | 32289172 | 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 XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | A copy of the original appraisal was not in file. HPML rule requires a copy of each version of the appraisal be in file. The version provided was the updated one and it appears two versions were sent to the borrower. | Reviewer Comment (2024-12-11): XXXXX Seller Comment (2024-12-10): XXXXX Buyer Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-06): XXXXX Seller Comment (2024-12-06): XXXXX |
12/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MT | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95183837 | 32168231 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MN | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 90856768 | 32482641 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Second Home | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 90856768 | 32482816 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Second Home | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90856768 | 32482818 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.88648% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $19,263.44 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $9,817.47 (an overage of $9,445.97 or 2.88648%). | XXXXX Points and Fees exceed allowable threshold by $9,445.97 or 2.88648%. | 12/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Second Home | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90856768 | 32483197 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $1,020.00 exceeds tolerance of $800.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $1,020.00 exceeds tolerance of $800.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-24): XXXXX |
12/24/2024 | 1 | A | A | A | A | A | A | A | A | A | A | OR | Second Home | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98166441 | 32247491 | 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 (2024-12-24): XXXXX Seller Comment (2024-12-23): XXXXX |
12/24/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93994886 | 32322388 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $923.60 exceeds tolerance of $900.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient Cure provided at Closing. | Reviewer Comment (2024-12-06): XXXXX |
12/06/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94101914 | 32196658 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $1,650.00 exceeds tolerance of $1,050.00. Insufficient or no cure was provided to the borrower. | Transfer Tax Fee was last disclosed as $1,050.00 on LE but disclosed as $1,650.00 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 $600.00, 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 (2024-12-11): XXXXX Seller Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-02): XXXXX Seller Comment (2024-11-29): XXXXX |
12/11/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92000549 | 32302408 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.75917% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $33,963.40 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $27,104.47 (an overage of $6,858.93 or .75917%). | XXXXX Points and Fees exceed allowable threshold by $6,858.93 or .75917%. | 12/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92000549 | 32302459 | 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 XX/XX/XX which is after the consummation date of XX/XX/XX. Provide a revised homeowner's insurance declaration page or policy verifying coverage in effect at or prior to consummation. |
Reviewer Comment (2024-12-13): XXXXX Seller Comment (2024-12-13): XXXXX Reviewer Comment (2024-12-12): XXXXX Seller Comment (2024-12-12): XXXXX |
12/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99171175 | 32249805 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.10349% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $15,764.60 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $11,525.27 (an overage of $4,239.33 or 1.10349%). | XXXXX Points and Fees exceed allowable threshold by an average of $4,239.33 or 1.10349% | 11/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99171175 | 32249808 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX). | Final Closing Disclosure provided on XX/XX/XX) | Reviewer Comment (2024-12-19): XXXXX Seller Comment (2024-12-18): XXXXX Reviewer Comment (2024-12-03): XXXXX Seller Comment (2024-12-02): XXXXX |
12/19/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99171175 | 32249809 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX). | ntegrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX) | Reviewer Comment (2024-12-19): XXXXX Seller Comment (2024-12-18): XXXXX Reviewer Comment (2024-12-03): XXXXX Seller Comment (2024-12-02): XXXXX |
12/19/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99171175 | 32249810 | 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 three (3) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Final/XX/XX/XX) | Reviewer Comment (2024-12-02): XXXXX Seller Comment (2024-11-29): XXXXX |
12/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99171175 | 32249812 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $602.70 exceeds tolerance of $515.00. Sufficient or excess cure was provided to the borrower at Closing. | Fee Amount of $602.70 exceeds tolerance of $515.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-25): XXXXX |
11/25/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95878363 | 32460131 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 96218934 | 32238781 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | The file is missing a copy of Purchase agreement. | Reviewer Comment (2024-11-29): XXXXX Seller Comment (2024-11-27): XXXXX |
11/29/2024 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Purchase | D | B | D | B | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96218934 | 32238801 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
11/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | D | B | D | B | A | A | A | A | N/A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 90368900 | 32472860 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90368900 | 32472861 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94179141 | 32457119 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.06990% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,512.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,485.71 (an overage of $3,026.29 or 1.06990%). | XXXXX Points and Fees exceed allowable threshold by $3,026.29 or 1.06990%. | 12/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98266825 | 32302202 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Estimated Escrow Payment Over Disclosed Test | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XX disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. | Projected Payments: Final Closing Disclosure provided on XX/XX/XX disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. | Reviewer Comment (2024-12-04): XXXXX |
12/04/2024 | 1 | A | A | A | A | A | A | A | A | A | A | VA | Second Home | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98266825 | 32302203 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow - Monthly Escrow Payment Overdisclosed Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. | Final Closing Disclosure provided on XX/XX/XX disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. | Reviewer Comment (2024-12-04): XXXXX |
12/04/2024 | 1 | A | A | A | A | A | A | A | A | A | A | VA | Second Home | Purchase | Provide the following: Letter of Explanation notifying borrower or error and Corrected CD | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96406079 | 32428541 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 90237634 | 32364340 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/16/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99352353 | 32426963 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Business Entity is not an eligible borrower for this loan type. | The representative FICO score exceeds the guideline minimum by at least 40 points. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC |
Reviewer Comment (2024-12-23): XXXXX Reviewer Comment (2024-12-20): XXXXX |
12/23/2024 | 2 | C | B | C | B | C | B | C | B | C | B | MI | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93091950 | 32321329 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | RTC disclosed incorrect transaction and/or expiration date. | Reviewer Comment (2024-12-30): XXXXX Seller Comment (2024-12-26): XXXXX Reviewer Comment (2024-12-12): XXXXX Seller Comment (2024-12-11): XXXXX |
12/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94819178 | 32163307 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 11/21/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | D | B | C | B | D | B | D | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94819178 | 32163349 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-11-29): XXXXX Seller Comment (2024-11-27): XXXXX Reviewer Comment (2024-11-22): XXXXX Seller Comment (2024-11-21): XXXXX |
11/29/2024 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Purchase | D | B | C | B | D | B | D | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94819178 | 32164360 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | Rate lock was not provided | Reviewer Comment (2024-11-25): XXXXX |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | D | B | C | B | D | B | D | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94819178 | 32164600 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | Disbursement Date Missing Test | Disbursement Date Missing: Evidence of disbursement date not found in file. Note Interest Accrual Start Date of XX/XX/XX used as disbursement date for compliance testing. | LEs and CDs were not provided | Reviewer Comment (2024-11-25): XXXXX Seller Comment (2024-11-21): XXXXX |
11/25/2024 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Investment | Purchase | D | B | C | B | D | B | D | A | N/A | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94819178 | 32164601 | Compliance | Compliance | Federal Compliance | TRID Defect | Missing Closing Disclosure: No Document Used For Fee Testing | Missing Final Closing Disclosure. No document containing fees provided. Any applicable Federal, State or Local compliance testing is unreliable. | LEs and CDs were not provided | Reviewer Comment (2024-11-25): XXXXX Seller Comment (2024-11-21): XXXXX |
11/25/2024 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Purchase | D | B | C | B | D | B | D | A | N/A | N/A | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94819178 | 32250649 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.93363% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $14,193.24 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $2,233.24 or .93363%). | 11/25/2024 | 2 | B | B | B | B | B | TX | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | C | B | D | B | D | A | N/A | N/A | Yes | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 94819178 | 33365014 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided | Missing evidence of lawful residency. Guidelines require if a Borrower is a Non-Permanent Resident Alien, the file must contain evidence of lawful residency. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower has worked in the same position for more than 3 years. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-16): XXXXX |
05/16/2025 | 2 | B | B | B | B | B | TX | Investment | Purchase | D | B | C | B | D | B | D | A | N/A | N/A | No | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 99357950 | 32245841 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-12-05): XXXXX |
12/05/2024 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99357950 | 32245886 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | The file is missing copy of rate lock document | Reviewer Comment (2024-11-29): XXXXX Seller Comment (2024-11-29): XXXXX |
11/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99357950 | 32245905 | 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 70.00000% exceeds Guideline loan to value percentage of 65.00000%. | Borrower has owned the subject property for at least 5 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-05): XXXXX |
12/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99357950 | 32245906 | 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 ___. | Calculated combined loan to value percentage of 70.00000% exceeds Guideline combined loan to value percentage of 65.00000%. | Borrower has owned the subject property for at least 5 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-06): XXXXX |
12/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96810615 | 32300940 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.78798% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $16,763.33 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $10,503.38 (an overage of $6,259.95 or 1.78798%). | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.80603% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $16,763.33 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of XXXXX | 12/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96810615 | 32300948 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $657.70 exceeds tolerance of $650.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $657.70 exceeds tolerance of $650.00. | Reviewer Comment (2024-12-04): XXXXX |
12/04/2024 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96810615 | 32300949 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $199.00 exceeds tolerance of $90.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $199.00 exceeds tolerance of $90.00. | Reviewer Comment (2024-12-04): XXXXX |
12/04/2024 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96810615 | 32313793 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $657.70 exceeds tolerance of $650.00. Insufficient or no cure was provided to the borrower. | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $657.70 exceeds tolerance of $650.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-12-10): XXXXX Seller Comment (2024-12-09): XXXXX |
12/10/2024 | 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 | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96810615 | 32313794 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $199.00 exceeds tolerance of $90.00. Insufficient or no cure was provided to the borrower. | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $199.00 exceeds tolerance of $90.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-12-10): XXXXX Seller Comment (2024-12-09): XXXXX |
12/10/2024 | 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 | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98421118 | 32323698 | 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 3 days of the loan application date. | File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | Reviewer Comment (2024-12-12): XXXXX Seller Comment (2024-12-12): XXXXX |
12/12/2024 | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98421118 | 32323699 | 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 three (3) business days of application. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2024-12-16): XXXXX Reviewer Comment (2024-12-13): XXXXX |
12/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98421118 | 32349007 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrowers who have lived in a rent-free situation are ineligible. Borrower has been living with parents since XXXXX per LOE in file. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-17): XXXXX Reviewer Comment (2024-12-12): XXXXX |
12/17/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91564548 | 32280429 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91564548 | 32280430 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | Creditor did not provide FACTA Credit Score Disclosure. | 12/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91564548 | 32280431 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.85000% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $20,124.00 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $2,924.00 or .85000%). | XXXXX Points and Fees exceed allowable threshold by $2,924.00 or .85000%. | 12/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | N/A | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91564548 | 32297536 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Issue: Ineligible borrower | Guidelines do not allow for a loan to close in the name of an LLC when the loan is not a DSCR loan; guides follow XXXXX and under the general borrower eligibility requirements it states the borrower must be a natural person | Borrower has been employed in the same industry for more than 5 years. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-10): XXXXX Buyer Comment (2024-12-04): XXXXX |
12/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96436332 | 32281050 | 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 3 days of the loan application date. | File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | Reviewer Comment (2024-12-05): XXXXX Seller Comment (2024-12-04): XXXXX |
12/05/2024 | 1 | B | A | B | A | B | A | B | A | B | A | SC | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96436332 | 32281052 | 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 three (3) business days of application. | Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/XX/XX/XX) | Reviewer Comment (2024-12-05): XXXXX |
12/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96436332 | 32281053 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Loan Estimate Seven Day Waiting Period | TILA-RESPA Integrated Disclosure: Loan Estimate was not delivered or placed in the mail to the borrower at least seven (7) business days prior to closing. | Loan Estimate was not delivered or placed in the mail to the borrower at least seven (7) business days prior to closing. (Initial/XX/XX/XX) | Reviewer Comment (2024-12-05): XXXXX |
12/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93459965 | 32281155 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.98125% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $28,960.63 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $17,441.77 (an overage of $11,518.86 or 1.98125%). | XXXXX Points and Fees exceed allowable threshold by $11,518.86 or 1.98125%. | 12/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93459965 | 32281158 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $3,767.80 exceeds tolerance of $320.00 plus 10% or $352.00. Sufficient or excess cure was provided to the borrower at Closing. | Ten Percent Fee Tolerance exceeded. Total amount of $3,767.80 exceeds tolerance of $320.00 plus 10% or $352.00. Sufficient or excess cure was provided to the borrower | Reviewer Comment (2024-11-29): XXXXX |
11/29/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93459965 | 32281185 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $597.70 exceeds tolerance of $505.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $597.70 exceeds tolerance of $505.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-29): XXXXX |
11/29/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93459965 | 32281186 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $200.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $200.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower | Reviewer Comment (2024-11-29): XXXXX |
11/29/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93459965 | 32281187 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $65.89 exceeds tolerance of $50.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $65.89 exceeds tolerance of $50.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-29): XXXXX |
11/29/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93443896 | 32288663 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.21838% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $17,283.96 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $16,111.16 (an overage of $1,172.80 or .21838%). | XXXXX point and Fees exceed allowable threshold by $1,172.80 or .21838%. | 12/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93983196 | 32273245 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $793.60 exceeds tolerance of $670.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-27): XXXXX |
11/27/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91685993 | 32250186 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-11-25): XXXXX |
11/25/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92939302 | 32376560 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/17/2024 | 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 | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 93494293 | 32351612 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | LA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 90002627 | 32437841 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.48324% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $12,438.36 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $10,712.73 (an overage of $1,725.63 or .48324%). | XXXXX Points and Fees exceed allowable threshold by $1,725.63 or .48324%. | 12/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93781906 | 32294032 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.13845% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $12,767.78 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $9,255.47 (an overage of $3,512.31 or 1.13845%). | XXXXX Points and Fees exceed allowable threshold by $3,512.31 or 1.13845%. | 12/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93781906 | 32294035 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $304.00 exceeds tolerance of $205.00 plus 10% or $225.50. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-03): XXXXX |
12/03/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CT | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93781906 | 32294036 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $807.70 exceeds tolerance of $715.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-03): XXXXX |
12/03/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CT | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93781906 | 32294395 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 91130608 | 32354323 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 12/13/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97993517 | 32352518 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 91722428 | 32294118 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $165.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $165.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-03): XXXXX |
12/03/2024 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96591088 | 32334971 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.97070% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $14,761.85 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,909.32 (an overage of $5,852.53 or 1.97070%). | XXXXX Points and Fees exceed allowable threshold by $5,852.53 or 1.97070%. | 12/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98244350 | 32352866 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $597.70 exceeds tolerance of $505.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing. | Reviewer Comment (2024-12-11): XXXXX |
12/11/2024 | 1 | A | A | A | A | A | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98244350 | 32366558 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrowers who have lived in a rent-free situation are ineligible per guidelines. Borrower has been living rent free for the last 2 years per LOE in file. Lender exception provided. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-17): XXXXX Reviewer Comment (2024-12-12): XXXXX |
12/17/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98244350 | 32366627 | Credit | Guideline | Guideline Issue | Guideline | Funds From Business Account used, and borrower owns less than 100% of business. | Lender used business funds for downpayment and reserves, however per guidelines borrower must be sole owner of the company in order to use business funds for downpayment or reserves. Per CPA letter in file borrower only owns 50% of the business. Business funds from account # XXXXX have been excluded. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-17): XXXXX |
12/17/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98244350 | 32366638 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $63,451.46 is less than Cash From Borrower $146,576.60. Lender used business funds for downpayment and reserves, however per guidelines borrower must be sole owner of the company in order to use business funds for downpayment or reserves. Per CPA letter in file borrower only owns 50% of the business. Business funds from account #XXXX have been excluded. | Reviewer Comment (2024-12-17): XXXXX |
12/17/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98244350 | 32366639 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. Lender used business funds for downpayment and reserves, however per guidelines borrower must be sole owner of the company in order to use business funds for downpayment or reserves. Per CPA letter in file borrower only owns 50% of the business. Business funds from account # XXXXX have been excluded. | Reviewer Comment (2024-12-17): XXXXX |
12/17/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98244350 | 32366718 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-12-17): XXXXX |
12/17/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98244350 | 32366719 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient assets. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-12-17): XXXXX |
12/17/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94043852 | 32353003 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97757385 | 32428393 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | LA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 97757385 | 32428414 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | LA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 93931143 | 32321783 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.38485% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $26,718.80 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $23,680.94 (an overage of $3,037.86 or .38485%). | XXXXX Points and Fees exceed allowable threshold by $3,037.86 or .38485%. | 12/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93931143 | 32321787 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $96.00 exceeds tolerance of $84.00 plus 10% or $92.40. Sufficient or excess cure was provided to the borrower at Closing. | 10% tolerance was exceeded by $12.00 due to increase of recording fee. No valid COC provided, cure was provided to the borrower at Closing | Reviewer Comment (2024-12-06): XXXXX |
12/06/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91219979 | 32439973 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.64188% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $14,415.00 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $1,640.00 or .64188%). | XXXXX Points and Fees exceed allowable threshold by $1,640.00 or .64188%. | 12/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98052938 | 32293901 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $597.70 exceeds tolerance of $505.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $597.70 exceeds tolerance of $505.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-03): XXXXX |
12/03/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98052938 | 32293933 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.92744% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $16,399.85 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $9,984.81 (an overage of $6,415.04 or 1.92744%). | XXXXX Points and Fees exceed allowable threshold by $6,415.04 or 1.92744%. | 12/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96771300 | 32352955 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 96771300 | 32353166 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Guideline do not allow for a loan to close in the name of LLC when the loan is not a DSCR loan, guides follow XXXXX and under the general borrower eligibility requirements it states the borrower must be a natural person. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-17): XXXXX Seller Comment (2024-12-17): XXXXX |
12/17/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 90313462 | 32300810 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | DE | Investment | Purchase | D | B | A | A | B | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 90313462 | 32300892 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-12-12): XXXXX Seller Comment (2024-12-12): XXXXX |
12/12/2024 | 1 | D | A | D | A | D | A | D | A | D | A | DE | Investment | Purchase | D | B | A | A | B | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 90295792 | 32366865 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.83017% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $14,245.92 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,848.08 (an overage of $5,397.84 or 1.83017%). | XXXXX Points and Fees exceed allowable threshold by $5,397.84 or 1.83017%. | 12/16/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94965218 | 32321598 | 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 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. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2024-12-17): XXXXX Seller Comment (2024-12-17): XXXXX |
12/17/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94999454 | 32334025 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.03606% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $21,073.04 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $20,822.74 (an overage of $250.30 or .03606%). | XXXXX Points and Fees exceed allowable threshold by $250.30 or .03606%. | 12/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90577093 | 32365815 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 8.02909% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $29,657.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $11,081.27 (an overage of $18,576.23 or 5.02909%). | XXXXX Points and Fees exceed allowable threshold by $18,576.23 or 5.02909%. | 12/16/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90577093 | 32365914 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | XXXXX, HOA is missing. | Reviewer Comment (2024-12-19): XXXXX Seller Comment (2024-12-18): XXXXX |
12/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91159515 | 32248694 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Primary Residence XXXXX is missing the XX/XX/XX payment | Reviewer Comment (2024-09-30): XXXXX Buyer Comment (2024-09-26): XXXXX |
09/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | C | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 91159515 | 32248695 | Property | Valuation | Valuation Issue | Valuation | MaxEx program guidelines require a CDA (Desk Review) | Reviewer Comment (2024-09-27): XXXXX Buyer Comment (2024-09-26): XXXXX |
09/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | C | A | N/A | No | ||||||||||||
| XXXX | XXXX | XXXX | XXXX | 96300738 | 32248822 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $1,091,816.02 is over disclosed by $254.50 compared to the calculated Amount Financed of $1,091,561.52 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 XX/XX/XX). | Finance Amount disclosed is $1,091,816.02. Calculated finance Amount is $1,091,561.52. Variance of $254.5. | Reviewer Comment (2024-08-16): XXXXX Buyer Comment (2024-08-15): XXXXX |
08/16/2024 | 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 | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96300738 | 32248823 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX 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 $1,443,815.74 is under disclosed by $254.50 compared to the calculated Finance Charge of $1,444,070.24 which exceeds the $100.00 threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated XX/XX/XX). | Finance Charge disclosed is $1,443,815.74 Calculated finance charge is $1,444,070.24 Variance of -$254.50. | Reviewer Comment (2024-08-16): XXXXX Buyer Comment (2024-08-15): XXXXX |
08/16/2024 | 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 | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96300738 | 32248825 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability to Repay – Bank Statement Guidelines Require 12 or more Months | Ability to Repay (Dodd-Frank XXXXX): Guidelines require 12 or more consecutive months bank statements. | 12 Months bank statement income provided. | Reviewer Comment (2024-08-16): XXXXX |
08/16/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96300738 | 32248826 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank XXXXX): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | File contains evidence appraisal report provided is an updated report. Delivery confirmations dated earlier than report date of report located in file. Lender to provide all previous appraisal reports/updates. | Buyer Comment (2024-08-21): XXXXX Reviewer Comment (2024-08-21): XXXXX Buyer Comment (2024-08-19): XXXXX |
08/21/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96300738 | 32248827 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Two (2) consecutive months of business bank statements must be provided to validate. We have only one month bank statements in file. | Reviewer Comment (2024-08-16): XXXXX Buyer Comment (2024-08-15): XXXXX |
08/16/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96300738 | 32248829 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender considered hazard insurance amount $2,347.67 per month for the subject property, but as per the hazard insurance document D0124 we have $2,055.91 per month. Need an updated hazard insurance policy document. Also lender considered other insurance i.e. $354.42. Need details for the other insurance pertaining to the subject property. |
Reviewer Comment (2024-09-05): XXXXX Buyer Comment (2024-09-03): XXXXX Reviewer Comment (2024-08-26): XXXXX Buyer Comment (2024-08-22): XXXXX Reviewer Comment (2024-08-16): XXXXX Buyer Comment (2024-08-15): XXXXX |
09/05/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96300738 | 32248830 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Loan Estimate document i.e. D0233 and D0234 reflects incomplete fees name under section C. Need an updated and complete Loan Estimate document with all the fees name under section C. | Reviewer Comment (2024-08-19): XXXXX Buyer Comment (2024-08-15): XXXXX |
08/19/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96300738 | 32248831 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Irrevocable Trust assets held under that trust dated XX/XX/XX were used. Once transfer ownership/assets into the trust, borrower does not have control over those assets anymore. Provide evidence or direct us to the provisions that confirm Borrower now has unfettered access to those funds. | Reviewer Comment (2024-09-05): XXXXX Buyer Comment (2024-09-03): XXXXX Reviewer Comment (2024-08-16): XXXXX Buyer Comment (2024-08-15): XXXXX |
09/05/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96300738 | 32248832 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Insufficient funds to close when omitting irrevocable trust funds. Irrevocable Trust assets held under that trust dated XX/XX/XX were used. Once transfer ownership/assets into the trust, borrower does not have control over those assets anymore. Provide evidence or direct us to the provisions that confirm Borrower now has unfettered access to those funds. | Reviewer Comment (2024-09-05): XXXXX Buyer Comment (2024-09-03): XXXXX Reviewer Comment (2024-08-16): XXXXX Buyer Comment (2024-08-15): XXXXX |
09/05/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96300738 | 32248833 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall for insufficient assets | Reviewer Comment (2024-09-05): XXXXX Buyer Comment (2024-09-03): XXXXX Reviewer Comment (2024-08-16): XXXXX Buyer Comment (2024-08-15): XXXXX |
09/05/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96300738 | 32248834 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall for insufficient assets | Reviewer Comment (2024-09-05): XXXXX Buyer Comment (2024-09-03): XXXXX Reviewer Comment (2024-08-16): XXXXX Buyer Comment (2024-08-15): XXXXX |
09/05/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95493540 | 32248887 | Compliance | Compliance | State Compliance | State Late Charge | California Non Primary Residence Late Charge Grace Period Testing | XXXXX Late Charge: Note grace period of 5 days is less than the state minimum of 10 days. | Buyer Comment (2024-10-01): XXXXX |
10/01/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 96194673 | 32248924 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $775.00 exceeds tolerance of $650.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as $650 on LE but disclosed as $775 on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2024-08-21): XXXXX |
08/21/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96194673 | 32248925 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $165.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | XXXXX Fee was last disclosed as $0.00 on LE but disclosed as $165 on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2024-08-21): XXXXX |
08/21/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96194673 | 32248926 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Primary Residence XXXXX is missing the XX/XX/XX payment. | Reviewer Comment (2024-08-26): XXXXX Buyer Comment (2024-08-23): XXXXX |
08/26/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94625881 | 32249091 | Credit | Income | Document Error | Income | Bank statement page number is blank. | - | Bank statement is missing in file for the month of XXXXX for XXXXX. | Reviewer Comment (2024-09-04): XXXXX Buyer Comment (2024-09-03): XXXXX Buyer Comment (2024-08-30): XXXXX |
09/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Purchase | C | A | C | A | A | A | C | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94625881 | 32249092 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | CPA Letter is missing in file. | Reviewer Comment (2024-09-04): XXXXX Buyer Comment (2024-09-03): XXXXX |
09/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Purchase | C | A | C | A | A | A | C | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94625881 | 32249095 | Property | Valuation | Valuation Issue | Valuation | MaxEx program guidelines require a CDA (Desk Review) | Missing XXXXX. | Reviewer Comment (2024-09-06): XXXXX Buyer Comment (2024-09-06): XXXXX |
09/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Purchase | C | A | C | A | A | A | C | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90132998 | 32249185 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Preliminary Appraisal is dated XX/XX/XX and the appraisal was provided to the borrower the same day. No evidence of receipt. Additional Appraisal is dated XX/XX/XX. | Buyer Comment (2024-08-16): XXXXX |
08/16/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90132998 | 32249186 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure XX/XX/XX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) | No Fees paid by Seller Noted in Seller CD or Borrower Final CD. | Reviewer Comment (2024-08-15): XXXXX Buyer Comment (2024-08-13): XXXXX |
08/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 90132998 | 32249187 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | VVOE within 10 Business days of note date is missing. Business Entity Listing was provided but income was entered as Wages. | Reviewer Comment (2024-08-21): XXXXX Buyer Comment (2024-08-19): XXXXX Reviewer Comment (2024-08-15): XXXXX Buyer Comment (2024-08-13): XXXXX |
08/21/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90132998 | 32249189 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. Require updated title report or supplement or Final Title policy covering the loan amount. No Closing Instructions provided. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX Reviewer Comment (2024-08-15): XXXXX Buyer Comment (2024-08-13): XXXXX |
08/15/2024 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Purchase | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 90132998 | 32249191 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD (Asset) not provided | Provide Final Executed or True and Certified copy of Settlement statement for Sold Property XXXXX. | Reviewer Comment (2024-08-15): XXXXX Buyer Comment (2024-08-13): XXXXX |
08/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90132998 | 32249192 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Rural characteristics and no zoning , defer to to client to for acceptability. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | 18 vs 4 | SitusAMC,Aggregator | Buyer Comment (2024-09-05): XXXXX Reviewer Comment (2024-09-05): XXXXX Reviewer Comment (2024-08-12): XXXXX Buyer Comment (2024-08-09): XXXXX |
09/05/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 90132998 | 32249193 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide Third Party Verification for Business XXXXX within 10 business days after the Note Date but prior to purchase by XXXXX. Provided was pulled on XX/XX/XX. | Reviewer Comment (2024-08-15): XXXXX Buyer Comment (2024-08-13): XXXXX |
08/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90132998 | 32249194 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Reviewer Comment (2024-08-15): XXXXX Buyer Comment (2024-08-13): XXXXX |
08/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 95248550 | 32249345 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Require supporting document for unverified payment of $51.38 on REO "XXXXX". Total taxes, Insurance & HOA payment for REO XXXXX reflects as per 1003 is $1,151.26 but verified $1,099.88. unverified payment of $51.38 | Reviewer Comment (2024-10-04): XXXXX Buyer Comment (2024-10-03): XXXXX |
10/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95248550 | 32249346 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $1,100.00 exceeds tolerance of $900.00. Insufficient or no cure was provided to the borrower. | Second Appraisal Fee was disclosed as $900 on Final LE and $1,100.00 on Final CD. File does not contain a valid COC for this fee, evidence of cure in file is $0.00 COC in file is dated 3 days before new disclosure provided. | Buyer Comment (2024-10-09): XXXXX Reviewer Comment (2024-10-09): XXXXX Buyer Comment (2024-10-07): XXXXX Reviewer Comment (2024-10-07): XXXXX Buyer Comment (2024-10-04): XXXXX |
10/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95248550 | 32249348 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | YTD P&L and BS were not signed. | Reviewer Comment (2024-10-10): XXXXX Reviewer Comment (2024-10-09): XXXXX Buyer Comment (2024-10-07): XXXXX Reviewer Comment (2024-10-04): XXXXX Buyer Comment (2024-10-03): XXXXX |
10/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92763925 | 32249363 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of $90.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower. | Sufficient or excess cure was provided to the borrower | Reviewer Comment (2024-09-23): XXXXX |
09/23/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99704806 | 32249398 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $375.00 exceeds tolerance of $183.00 plus 10% or $201.30. Sufficient or excess cure was provided to the borrower at Closing. | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | Reviewer Comment (2024-09-16): XXXXX |
09/16/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99069164 | 32249428 | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank XXXXX): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XX, Most Recent Tax Return End Date XX/XX/XX, Tax Return Due Date XX/XX/XX. | The XXXXX 1040 Tax Return Extension document is not available at the time of review. This is an EV2 informational and XXXXX be waived. | Buyer Comment (2024-10-17): XXXXX Reviewer Comment (2024-10-16): XXXXX Buyer Comment (2024-10-15): XXXXX |
10/17/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99069164 | 32249430 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing third party verification within 10 days of closing. | Reviewer Comment (2024-10-14): XXXXX Buyer Comment (2024-10-10): XXXXX |
10/14/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90659047 | 32249443 | 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: ___ |
Provide a PDI. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. 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: XX/XX/XX | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-10-21): XXXXX Buyer Comment (2024-10-21): XXXXX |
10/21/2024 | 2 | B | B | B | B | B | NC | Second Home | Purchase | A | B | A | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93739256 | 32249466 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | File is missing the lease and insurance documentation for the XXXXX property. | Reviewer Comment (2024-10-18): XXXXX Buyer Comment (2024-10-17): XXXXX Reviewer Comment (2024-10-15): XXXXX Buyer Comment (2024-10-11): XXXXX |
10/18/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93739256 | 32249467 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | File is missing the lease and insurance documentation for the XXXX property. | Reviewer Comment (2024-10-18): XXXXX Buyer Comment (2024-10-17): XXXXX |
10/18/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93739256 | 32249468 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO 25% Method | Ability to Repay (Dodd-Frank XXXXX): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. | File is missing the lease and insurance documentation for the XXXXX property. | Reviewer Comment (2024-10-18): XXXXX Buyer Comment (2024-10-17): XXXXX Reviewer Comment (2024-10-15): XXXXX Buyer Comment (2024-10-11): XXXXX |
10/18/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93739256 | 32249471 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank XXXXX): General Ability-to-Repay requirements not satisfied. | Waterfall finding due to the missing lease to support the rental income used for the XXXXX property. | Reviewer Comment (2024-10-18): XXXXX |
10/18/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93057452 | 32437123 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.66512% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $15,016.25 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $9,656.50 (an overage of $5,359.75 or 1.66512%). | XXXXX Points and Fees exceed allowable threshold by $5,359.75 or 1.66512%. | 12/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99763124 | 32353126 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.97469% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $15,430.20 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $9,305.22 (an overage of $6,124.98 or 1.97469%). | XXXXX Points and Fees exceed allowable threshold by $6,124.98 or 1.97469%. | 12/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99763124 | 32353129 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $50.00 exceeds tolerance of $25.00 plus 10% or $27.50. Sufficient or excess cure was provided to the borrower at Closing. | Ten Percent Fee Tolerance exceeded. Total amount of $50.00 exceeds tolerance of $25.00 plus 10% or $27.50. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-11): XXXXX |
12/11/2024 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99763124 | 32353130 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $1,394.00 exceeds tolerance of $1,333.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $1,394.00 exceeds tolerance of $1,333.00. Sufficient cure was provided to the borrower at Closing | Reviewer Comment (2024-12-11): XXXXX |
12/11/2024 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94604919 | 32482849 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93817656 | 32366219 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal Fee was last disclosed as $0.00 on LE but disclosed as $123.60 on Final Closing Disclosure. File does not contain a valid COC for this fee, Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-12): XXXXX |
12/12/2024 | 1 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93817656 | 32366220 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $79.00 exceeds tolerance of $75.00. Sufficient or excess cure was provided to the borrower at Closing. | Credit Fee was last disclosed as $75.00 on LE but disclosed as $79.00 on Final Closing Disclosure. File does not contain a valid COC for this fee, Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-12): XXXXX |
12/12/2024 | 1 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96522047 | 32426486 | 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. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 90239510 | 32416978 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.71023% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $13,226.96 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,949.08 (an overage of $6,277.88 or 2.71023%). | XXXXX Points and Fees exceed allowable threshold by $6,277.88 or 2.71023%. | 12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97790263 | 32417075 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.84117% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,571.42 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $9,037.42 (an overage of $2,534.00 or .84117%). | XXXXX Points and Fees threshold exceeded by an overage of $2,534.00 or .84117% | 12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96311239 | 32438371 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.78906% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $14,441.70 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $11,434.27 (an overage of $3,007.43 or .78906%). | XXXXX Points and Fees exceed allowable threshold by $3,007.43 or .78906%. | 12/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96311239 | 32438374 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $617.70 exceeds tolerance of $600.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-18): XXXXX |
12/18/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95949759 | 32419281 | 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 file was missing a copy of the final title policy. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-05-16): XXXXX |
12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | N/A | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 97457559 | 32475893 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing in file. | Reviewer Comment (2024-11-08): XXXXX Buyer Comment (2024-11-06): XXXXX |
11/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97457559 | 32475895 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.16406% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $7,940.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,528.30 (an overage of $411.70 or .16406%). | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.16406% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $7,940.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $XXXXX (an overage of $411.70 or .16406%). | Buyer Comment (2024-11-04): XXXXX |
11/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91627648 | 32475900 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan). Fee Amount of $105.00 exceeds tolerance of $90.00. Sufficient or excess cure was provided to the borrower at Closing. | With Sufficient Cure Provided At Closing | Reviewer Comment (2024-10-07): XXXXX |
10/07/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CO | Second Home | Purchase | Final CD evidences Cure | D | A | D | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 91627648 | 32475901 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | Purchase Agreement / Sales Contract i.e. D0568 is not signed by the seller's. | Reviewer Comment (2024-10-24): XXXXX Buyer Comment (2024-10-22): XXXXX |
10/24/2024 | 1 | D | A | D | A | D | A | D | A | D | A | CO | Second Home | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91627648 | 32475904 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | XXXXX (Primary) the XX/XX/XX payments missing. | Reviewer Comment (2024-10-24): XXXXX Buyer Comment (2024-10-22): XXXXX |
10/24/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Second Home | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91627648 | 32475905 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide corrected CD showing the assumable indicator marked as yes for the subject loan | Reviewer Comment (2024-10-25): XXXXX Buyer Comment (2024-10-23): XXXXX Reviewer Comment (2024-10-22): XXXXX Buyer Comment (2024-10-22): XXXXX Buyer Comment (2024-10-18): XXXXX |
10/25/2024 | 1 | A | A | A | A | A | CO | Second Home | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 91627648 | 32475906 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Loan is interest-only, Note provided is fully amortizing. Require note with interest-only verbiage that matches IO terms and the final CD. | Reviewer Comment (2024-11-20): XXXXX Buyer Comment (2024-11-18): XXXXX |
11/20/2024 | 1 | A | A | A | A | A | CO | Second Home | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 92046498 | 32475914 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $636.52 exceeds tolerance of $275.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient Cure Provided At Closing | Reviewer Comment (2024-10-11): XXXXX |
10/11/2024 | 1 | A | A | A | A | A | A | A | A | A | A | WY | Second Home | Purchase | Final CD evidences Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92046498 | 32475917 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated PITIA months reserves of 9.17 is less than Guideline PITIA months reserves of 12.00. | The representative FICO score exceeds the guideline minimum by at least 40 points. | 741 vs 660 | SitusAMC,Aggregator | Reviewer Comment (2024-11-14): XXXXX Buyer Comment (2024-11-14): XXXXX Reviewer Comment (2024-11-12): XXXXX Buyer Comment (2024-11-08): XXXXX Reviewer Comment (2024-11-06): XXXXX Buyer Comment (2024-11-04): XXXXX Reviewer Comment (2024-10-29): XXXXX Buyer Comment (2024-10-25): XXXXX |
11/14/2024 | 2 | C | B | C | B | C | B | C | B | C | B | WY | Second Home | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||
| XXXX | XXXX | XXXX | XXXX | 92046498 | 32475918 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | This will be re-reviewed when all ATR income and asset requirements have been met. | Reviewer Comment (2024-11-14): XXXXX |
11/14/2024 | 1 | B | A | C | A | B | A | C | A | B | A | WY | Second Home | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92046498 | 32475919 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | This will be re-reviewed when all ATR income and asset requirements have been met. | Reviewer Comment (2024-11-14): XXXXX |
11/14/2024 | 1 | C | A | C | A | C | A | C | A | C | A | WY | Second Home | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92046498 | 32475921 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | New exception as a result of re-review of insufficient reserves....Income calculated using "Trust Income Method" per guides. 80% of assets from the income stream were used. Provide Trustee letter confirming the frequency of distribution. | Reviewer Comment (2024-11-14): XXXXX |
11/14/2024 | 1 | A | A | A | A | A | WY | Second Home | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 92648151 | 32475943 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Require CPA letter to verify percentage of ownership for borrower XXXXX in business XXXXX and XXXXX. | Reviewer Comment (2024-10-16): XXXXX Buyer Comment (2024-10-15): XXXXX |
10/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | D | B | D | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92648151 | 32475945 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Reviewer Comment (2024-10-08): XXXXX Buyer Comment (2024-10-07): XXXXX |
10/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | D | B | D | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92648151 | 32475947 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | Reviewer Comment (2024-10-08): XXXXX Buyer Comment (2024-10-08): XXXXX |
10/08/2024 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Primary | Purchase | D | B | D | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92648151 | 32475948 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Waterfall exception | Reviewer Comment (2024-10-16): XXXXX |
10/16/2024 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Purchase | Lender to provide updated ATR/QM status | D | B | D | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92648151 | 32475949 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Temporary Leave | Ability-to-Repay (Dodd-Frank XXXXX): Insufficient evidence that borrower has right to return to employment following temporary leave. | Require borrower LOE or employer letter confirming borrower leave began date and intended return to work date. | Reviewer Comment (2024-10-16): XXXXX Buyer Comment (2024-10-15): XXXXX |
10/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | D | B | D | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92648151 | 32475951 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank XXXXX): General Ability-to-Repay requirements not satisfied. | This will be re-reviewed when all ATR income requirements have been met. LOE is missing from borrower and employer for leave began date and intended return to work date.. | Reviewer Comment (2024-10-16): XXXXX |
10/16/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | D | B | D | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92648151 | 32475953 | 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. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. 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: XX/XX/XX | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-05): XXXXX Reviewer Comment (2024-11-01): XXXXX Buyer Comment (2024-10-31): XXXXX |
11/05/2024 | 2 | B | B | B | B | B | FL | Primary | Purchase | D | B | D | B | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| XXXX | XXXX | XXXX | XXXX | 98213310 | 32475962 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Reviewer Comment (2024-11-12): XXXXX Buyer Comment (2024-11-08): XXXXX Reviewer Comment (2024-10-30): XXXXX Buyer Comment (2024-10-28): XXXXX Reviewer Comment (2024-10-25): XXXXX Buyer Comment (2024-10-23): XXXXX |
11/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Second Home | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98213310 | 32475963 | 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. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. 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: XX/XX/XX | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-10-28): XXXXX Buyer Comment (2024-10-28): XXXXX |
10/28/2024 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Second Home | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96900189 | 32476054 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2024-11-11): XXXXX Buyer Comment (2024-11-08): XXXXX |
11/11/2024 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Second Home | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96900189 | 32476055 | 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 three (3) business days prior to closing. | TRID Initial CD Timing without waiver. Earlier receipt was not provided. | Reviewer Comment (2024-11-11): XXXXX Buyer Comment (2024-11-08): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Second Home | Refinance - Cash-out - Other | No Defined Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96900189 | 32476057 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Insurance/Insurance Documentation Hazard Insurance Coverage Amount is insufficient. Need an updated Hazard Insurance Policy Document or Replacement Cost Estimator. | Reviewer Comment (2024-11-11): XXXXX Buyer Comment (2024-11-08): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Second Home | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96900189 | 32476058 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | As per the final 1003 Supplemental Insurance is reflecting as $587.50 i.e. $7,050 Annually, however D0235 i.e. Windstorm Insurance Policy reflects only $460.42 i.e. $5,525 Annually | Reviewer Comment (2024-11-11): XXXXX Buyer Comment (2024-11-08): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Second Home | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95194310 | 32476078 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $350.00 exceeds tolerance of $150.00 plus 10% or $165.00. Insufficient or no cure was provided to the borrower. | 10% tolerance was exceeded due to increase of Recording Fee to $350 from $150. No valid COC provided; Nor cure in file. | Reviewer Comment (2024-10-29): XXXXX Buyer Comment (2024-10-28): XXXXX |
10/29/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93918834 | 32476118 | 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 XX/XX/XX, prior to three (3) business days from transaction date of XX/XX/XX 12:00:00 AM. | Eligible date is XX/XX/XX. | Reviewer Comment (2024-10-28): XXXXX Buyer Comment (2024-10-24): XXXXX |
10/28/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93918834 | 32476120 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient by $19,290. Need an updated hazard insurance policy document or replacement cost estimator. Guides defer to XXXXX requirements. | Reviewer Comment (2024-10-28): XXXXX Buyer Comment (2024-10-25): XXXXX |
10/28/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93918834 | 32476121 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Occupancy discrepancy: Page 1 of the 1003 reflects borrower own however section 5 declarations reflect No to ownership interest in the last 3 years. Provide updated declarations for both borrowers | Reviewer Comment (2024-10-28): XXXXX Buyer Comment (2024-10-25): XXXXX |
10/28/2024 | 1 | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 93064694 | 32476139 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | XXXXX is missing | Reviewer Comment (2024-11-05): XXXXX Buyer Comment (2024-11-04): XXXXX |
11/05/2024 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | B | A | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93064694 | 32476141 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Replacement cost Estimate amount with Debris $993,572 where as Dwelling Coverage was provided $981,000 which leads shortfall of $12,572 | Reviewer Comment (2024-11-14): XXXXX Buyer Comment (2024-11-12): XXXXX Reviewer Comment (2024-11-08): XXXXX Buyer Comment (2024-11-06): XXXXX Reviewer Comment (2024-11-05): XXXXX Buyer Comment (2024-11-04): XXXXX |
11/14/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | B | A | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93064694 | 32476142 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank XXXXX): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | File contains evidence appraisal report provided is an updated report. Delivery confirmations dated earlier than report date of report located in file. Lender to provide all previous appraisal reports/updates. | Reviewer Comment (2024-11-05): XXXXX Buyer Comment (2024-11-01): XXXXX |
11/05/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | B | A | D | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90329813 | 32476195 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Mortgage Loan Payoff statement required for XXXXX. | Reviewer Comment (2024-11-13): XXXXX Buyer Comment (2024-11-11): XXXXX |
11/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 90329813 | 32476196 | Compliance | Compliance | State Compliance | State Late Charge | Pennsylvania First Lien Late Charge Grace Period Testing | XXXXX Late Charge: Note grace period of 5 days is less than the state minimum of 15 days. | Buyer Comment (2024-11-07): XXXXX |
11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93784216 | 32476245 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Require tax information sheet to match lender used tax amount of $XXXXX | Reviewer Comment (2024-11-14): XXXXX Buyer Comment (2024-11-12): XXXXX Reviewer Comment (2024-11-08): XXXXX Buyer Comment (2024-11-06): XXXXX |
11/14/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93784216 | 32476247 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Require Insurance Verification for REO "XXXXX". | Reviewer Comment (2024-11-08): XXXXX Buyer Comment (2024-11-06): XXXXX |
11/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97362994 | 32476254 | Credit | Missing Document | General | Missing Document | Missing Document: Trust Agreement (Asset) not provided | XXXXX agreement is missing in file. | Reviewer Comment (2024-11-01): XXXXX Buyer Comment (2024-10-30): XXXXX |
11/01/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93623556 | 32476273 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD (Asset) not provided | Please provide a signed or true and certified final stamped Final Settlement Statement for property located at XXXXX. | Reviewer Comment (2024-11-18): XXXXX Buyer Comment (2024-11-15): XXXXX Reviewer Comment (2024-11-07): XXXXX Buyer Comment (2024-11-05): XXXXX |
11/18/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91153950 | 32476307 | 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. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photo and the property must be re-inspected on or after XX/XX/XX declared end date. | Borrower has been employed in the same industry for more than 5 years. Borrower has owned the subject property for at least 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. 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: XX/XX/XX | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-11): XXXXX Buyer Comment (2024-11-11): XXXXX |
11/11/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| XXXX | XXXX | XXXX | XXXX | 91153950 | 32476308 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $3,795.50 exceeds tolerance of $2,842.00. Sufficient or excess cure was provided to the borrower at Closing. | Cure provided at closing. | Reviewer Comment (2024-11-04): XXXXX |
11/04/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96118307 | 32476327 | Credit | Guideline | Guideline Issue | Guideline | Title is Vested in a Trust. Required documentation is missing or does not meet the criteria per the guidelines. | Trust agreement not found at time of review. | Reviewer Comment (2024-11-07): XXXXX Buyer Comment (2024-11-05): XXXXX |
11/07/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94702849 | 32476333 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage Statement is missing in this file. | Reviewer Comment (2024-11-07): XXXXX Buyer Comment (2024-11-05): XXXXX |
11/07/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 98521290 | 32476335 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Require XXXXX (XXXXX) for the subject property as per guide. | Reviewer Comment (2024-11-08): XXXXX Buyer Comment (2024-11-06): XXXXX |
11/08/2024 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Purchase | D | A | A | A | A | A | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 91421109 | 32476346 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Appraisal Report date is XX/XX/XX which is not provided 3 days prior to closing. | Reviewer Comment (2024-11-21): XXXXX Buyer Comment (2024-11-19): XXXXX |
11/21/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CO | Primary | Refinance - Rate/Term | B | A | A | A | B | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91421109 | 32476348 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $205.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-11): XXXXX |
11/11/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Refinance - Rate/Term | Final CD evidences Cure | B | A | A | A | B | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91263789 | 32476356 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Funds from a business account used #XXXXX.. Missing CPA statement indicating withdrawal of the funds will not negatively impact the business). |
Reviewer Comment (2024-11-06): XXXXX Buyer Comment (2024-11-04): XXXXX |
11/06/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91263789 | 32476357 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Omitted from consideration pending. Evidence of Access to Funds is missing in file for XXXXX. Omitted from consideration pending. | Reviewer Comment (2024-11-06): XXXXX Buyer Comment (2024-11-04): XXXXX |
11/06/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91263789 | 32476361 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $165.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | Reviewer Comment (2024-10-28): XXXXX |
10/28/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98316454 | 32476372 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud Report missing in file. | Reviewer Comment (2024-11-07): XXXXX Buyer Comment (2024-11-05): XXXXX |
11/07/2024 | 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 | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91027570 | 32476421 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Disclosure was provided at closing. | Reviewer Comment (2024-11-18): XXXXX Buyer Comment (2024-11-14): XXXXX Reviewer Comment (2024-11-14): XXXXX Buyer Comment (2024-11-12): XXXXX |
11/18/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | B | A | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91027570 | 32476422 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | DSCR Worksheet was not provided. | Reviewer Comment (2024-11-12): XXXXX Buyer Comment (2024-11-08): XXXXX |
11/12/2024 | 1 | C | A | C | A | C | A | C | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | B | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 91027570 | 32476423 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Missing XXXXX | Reviewer Comment (2024-11-13): XXXXX Buyer Comment (2024-11-11): XXXXX |
11/13/2024 | 1 | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | B | A | A | A | N/A | No | ||||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 96284778 | 32476440 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Hazard Insurance Policy document is missing in file for subject property. | Reviewer Comment (2024-11-14): XXXXX Buyer Comment (2024-11-14): XXXXX Reviewer Comment (2024-11-12): XXXXX Buyer Comment (2024-11-08): XXXXX |
11/14/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OK | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96284778 | 32476446 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $89.00 exceeds tolerance of $0.00 plus 10% or $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-01): XXXXX |
11/01/2024 | 1 | A | A | A | A | A | A | A | A | A | A | OK | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96284778 | 32476447 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $1,400.00 exceeds tolerance of $1,355.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-01): XXXXX |
11/01/2024 | 1 | A | A | A | A | A | A | A | A | A | A | OK | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97536571 | 32476451 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | Purchase Agreement / Sales Contract is missing in file for subject property. | Reviewer Comment (2024-11-12): XXXXX Buyer Comment (2024-11-08): XXXXX Reviewer Comment (2024-11-07): XXXXX Buyer Comment (2024-11-05): XXXXX |
11/12/2024 | 1 | D | A | D | A | D | A | D | A | D | A | DE | Second Home | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97536571 | 32476453 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $512.25 exceeds tolerance of $359.00 plus 10% or $394.90. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-10-31): XXXXX |
10/31/2024 | 1 | A | A | A | A | A | A | A | A | A | A | DE | Second Home | Purchase | Final CD evidences Cure | D | A | D | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92902473 | 32476466 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2024-11-12): XXXXX Buyer Comment (2024-11-08): XXXXX |
11/12/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94969802 | 32476480 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide a DSCR Calculation Worksheet detailing the DSCR calculation. | Reviewer Comment (2024-10-21): XXXXX Buyer Comment (2024-10-17): XXXXX |
10/21/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 94969802 | 32476481 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The lease must be supported with two most recent bank statements showing consecutive rental payments. | Reviewer Comment (2024-10-29): XXXXX Reviewer Comment (2024-10-21): XXXXX Buyer Comment (2024-10-17): XXXXX |
10/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 99944100 | 32476484 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Secondary valuation is missing. | Reviewer Comment (2024-11-19): XXXXX Buyer Comment (2024-11-15): XXXXX |
11/19/2024 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Refinance - Rate/Term | D | A | A | A | A | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96402089 | 32476495 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-11-19): XXXXX Buyer Comment (2024-11-18): XXXXX |
11/19/2024 | 1 | D | A | D | A | D | A | D | A | D | A | CO | Primary | Refinance - Rate/Term | D | A | C | A | A | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96402089 | 32476497 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | CPA letter is missing in file. CPA to confirm withdrawal of the funds from business account will not negatively impact the business. Acct# XXXXX. | Reviewer Comment (2024-11-19): XXXXX Reviewer Comment (2024-11-12): XXXXX Buyer Comment (2024-11-12): XXXXX Buyer Comment (2024-11-08): XXXXX |
11/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Rate/Term | D | A | C | A | A | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96330568 | 32476505 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.11811% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $16,687.41 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $16,055.29 (an overage of $632.12 or .11811%). | XXXXX - 3% Points and Fees | Buyer Comment (2024-11-06): XXXXX |
11/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96330568 | 32476508 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $101,913.00. Missing ERC. Defer to agency requirements. | Reviewer Comment (2024-11-13): XXXXX Buyer Comment (2024-11-11): XXXXX |
11/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98909460 | 32928077 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing evidence of XX/XX/XX Months Rent. Verification of Rent for XXXXX is required. | Reviewer Comment (2024-11-21): XXXXX Buyer Comment (2024-11-19): XXXXX |
11/21/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98909460 | 32928078 | 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. | Reviewer Comment (2024-12-16): XXXXX Buyer Comment (2024-12-16): XXXXX |
12/16/2024 | 1 | A | A | A | A | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 98909460 | 32928079 | 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. | New Exception as result of documentation provided. PDI is missing. Disaster end date is XX/XX/XX. | Reviewer Comment (2024-12-16): XXXXX Buyer Comment (2024-12-16): XXXXX |
12/16/2024 | 1 | A | A | A | A | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 94961687 | 32928082 | 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 XX/XX/XX, prior to three (3) business days from transaction date of XX/XX/XX 12:00:00 AM. | Reviewer Comment (2024-11-22): XXXXX Buyer Comment (2024-11-20): XXXXX |
11/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94961687 | 32928083 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $525.00 exceeds tolerance of $439.00 plus 10% or $482.90. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient Cure Provided At Closing | Reviewer Comment (2024-11-05): XXXXX |
11/05/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94961687 | 32928084 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Subordination Fee. Fee Amount of $250.00 exceeds tolerance of $200.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient Cure Provided At Closing | Reviewer Comment (2024-11-05): XXXXX |
11/05/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 94961687 | 32928085 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Reason | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX incorrectly disclosed whether the loan will have an escrow account. | Escrow did not provide appropriate checked box indicating explanation for declining escrow account on the Final CD. | Reviewer Comment (2024-11-22): XXXXX Buyer Comment (2024-11-20): XXXXX |
11/22/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98278820 | 32928116 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Loan Estimate Seven Day Waiting Period | TILA-RESPA Integrated Disclosure: Loan Estimate was not delivered or placed in the mail to the borrower at least seven (7) business days prior to closing. | Latest Loan Estimate is dated XX/XX/XX. | Reviewer Comment (2024-11-22): XXXXX Buyer Comment (2024-11-21): XXXXX Buyer Comment (2024-10-31): XXXXX Reviewer Comment (2024-10-31): XXXXX Buyer Comment (2024-10-30): XXXXX |
11/22/2024 | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98278820 | 32928117 | 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 three (3) business days of application. Initial Loan Estimate dated XX/XX/XX 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 XXXXX result in additional fee tolerance violations. | XXXXX received XX/XX/XX Initial LE. LE electronically signed on XX/XX/XX. The consumer went through the eConsent process on XX/XX/XX, the consumer acknowledged the receipt of the LE on XX/XX/XX. But the loan application date was XX/XX/XX. In the event the consumer had not provided and accepted eConsent by XX/XX/XX, then the lender should have sent the consumer the Loan Estimate through another means in accordance with the official interpretation reflected in Comment 19(e)(1)(iv)-2. The failure to obtain proper consent is the equivalent of the disclosures never being sent. Provide proof borrower was sent Initial LE via other means than electronic delivery. | Reviewer Comment (2024-12-13): XXXXX Buyer Comment (2024-12-12): XXXXX Reviewer Comment (2024-12-05): XXXXX Buyer Comment (2024-12-04): XXXXX |
12/13/2024 | 1 | A | A | A | A | A | CA | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 98848855 | 32928124 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Partial Payments | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX incorrectly disclosed whether the loan allows for Partial Payments. | Partial Payments, Both the below verbiage has been selected due to this exception occurred. "XXXXX accept payment that are less than full amount due (partial payments) and apply them to your loan. "does not accept and partial payments. If this loan is sold, your new lender XXXXX have a different policy. |
Reviewer Comment (2024-10-29): XXXXX Buyer Comment (2024-10-28): XXXXX |
10/29/2024 | 2 | C | B | C | B | C | B | C | B | C | B | WI | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 98848855 | 32928125 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Discrepancy in identifying the property type. PUD rider or related to PUD document is missing, based on the 1008 comment we have considered property type as PUD. | Reviewer Comment (2024-11-29): XXXXX Buyer Comment (2024-11-27): XXXXX Reviewer Comment (2024-11-22): XXXXX Buyer Comment (2024-11-20): XXXXX Reviewer Comment (2024-11-05): XXXXX Buyer Comment (2024-11-01): XXXXX |
11/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | WI | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98848855 | 32928126 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | XXXXX-Please provide a Mortgage Statement as to whether Taxes and Insurance are escrowed for this unit or not. | Reviewer Comment (2024-11-20): XXXXX Buyer Comment (2024-11-18): XXXXX Reviewer Comment (2024-10-30): XXXXX Buyer Comment (2024-10-28): XXXXX |
11/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | WI | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98848855 | 32928127 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower - XXXXX no primary housing expense-missing rent free letter | Reviewer Comment (2024-11-05): XXXXX Buyer Comment (2024-11-05): XXXXX Reviewer Comment (2024-10-31): XXXXX Buyer Comment (2024-10-29): XXXXX |
11/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | WI | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97669520 | 32928137 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $3,362.15 exceeds tolerance of $3,319.00. Sufficient or excess cure was provided to the borrower at Closing. | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | Reviewer Comment (2024-11-19): XXXXX |
11/19/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 97669520 | 32928138 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Current residence XXXXX-rent free-Missing LOE | Reviewer Comment (2024-12-10): XXXXX Buyer Comment (2024-12-09): XXXXX |
12/10/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96426105 | 32928172 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Missing timely delivery | Reviewer Comment (2024-11-27): XXXXX Buyer Comment (2024-11-26): XXXXX |
11/27/2024 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Second Home | Purchase | C | A | C | A | B | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 96426105 | 32928174 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $116.00 exceeds tolerance of $100.00 plus 10% or $110.00. Sufficient or excess cure was provided to the borrower at Closing. | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | Reviewer Comment (2024-11-18): XXXXX |
11/18/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NC | Second Home | Purchase | Final CD evidences Cure | C | A | C | A | B | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 96426105 | 32928175 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Primary Residence XXXXX the XX/XX/XX payment is missing. | Reviewer Comment (2024-12-10): XXXXX Buyer Comment (2024-12-09): XXXXX |
12/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Second Home | Purchase | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 96426105 | 32928176 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Final 1003 for XXXXX reflects borrower will occupy as primary residence in declarations section. Please provide updated 1003 as loan was submitted as a second home. | Reviewer Comment (2024-12-16): XXXXX Buyer Comment (2024-12-16): XXXXX Reviewer Comment (2024-12-10): XXXXX Buyer Comment (2024-12-09): XXXXX |
12/16/2024 | 1 | A | A | A | A | A | NC | Second Home | Purchase | C | A | C | A | B | A | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXX | XXXX | XXXX | XXXX | 90603251 | 32928182 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Missing CPA statement indicating withdrawal of the funds will not negatively impact the business. Although funds are in personal account that account is deemed the business account and requires CPA letter per guides. | Reviewer Comment (2024-11-20): XXXXX Buyer Comment (2024-11-18): XXXXX |
11/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Primary | Purchase | D | A | C | A | A | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90603251 | 32928183 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Missing XXXXX | Reviewer Comment (2024-11-22): XXXXX Buyer Comment (2024-11-20): XXXXX |
11/22/2024 | 1 | D | A | D | A | D | A | D | A | D | A | AL | Primary | Purchase | D | A | C | A | A | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92357506 | 32928226 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of $205.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-05): XXXXX |
12/05/2024 | 1 | A | A | A | A | A | A | A | A | A | A | AL | Second Home | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92357506 | 32928227 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $622.50 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-05): XXXXX |
12/05/2024 | 1 | A | A | A | A | A | A | A | A | A | A | AL | Second Home | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99721387 | 32928242 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Business funds has considered for cash to close requirement. Provide CPA letter to evidenced that withdrawal from business account #XXXXX will not impact business negatively in any way. | Reviewer Comment (2024-12-06): XXXXX Buyer Comment (2024-12-06): XXXXX |
12/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93238794 | 32928245 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Reviewer Comment (2024-12-05): XXXXX Buyer Comment (2024-12-03): XXXXX |
12/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| XXXX | XXXX | XXXX | XXXX | 93238794 | 32928246 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Reviewer Comment (2024-12-04): XXXXX Buyer Comment (2024-12-03): XXXXX |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93238794 | 32928247 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | XXXXX-missing Tax, Insurance and Free and Clear verification. XXXXX-missing Tax and Insurance verification |
Reviewer Comment (2024-12-04): XXXXX Buyer Comment (2024-12-03): XXXXX |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91835878 | 32928265 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | Final 1003 section 5a indicates subject is to be a primary residence while 4a indicate it is Second Home. Need corrected 1003 for XXXXX. | Reviewer Comment (2024-12-10): XXXXX Buyer Comment (2024-12-09): XXXXX |
12/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Purchase | C | A | C | A | B | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91835878 | 32928268 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Credit detail updated as per final 1003 as it does not match with credit report, hence Credit Report Supplemental is required. | Reviewer Comment (2024-12-10): XXXXX Buyer Comment (2024-12-07): XXXXX |
12/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Purchase | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91835878 | 32928269 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2024-12-12): XXXXX Buyer Comment (2024-12-11): XXXXX |
12/12/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Second Home | Purchase | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90432460 | 32928274 | Credit | Missing Document | General | Missing Document | Missing Document: Trust Agreement (Asset) not provided | Require Trust Agreement for "XXXXX" Assets held in trust are used for qualifying, need confirmation of unfettered access. | Reviewer Comment (2024-12-06): XXXXX Buyer Comment (2024-12-06): XXXXX Reviewer Comment (2024-12-05): XXXXX Buyer Comment (2024-12-03): XXXXX Reviewer Comment (2024-11-26): XXXXX Buyer Comment (2024-11-25): XXXXX |
12/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Second Home | Refinance - Rate/Term | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90432460 | 32928276 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.50094% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $18,513.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $15,864.00 (an overage of $2,649.00 or .50094%). | Buyer Comment (2024-11-25): XXXXX |
11/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Second Home | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91166885 | 32928300 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan). Fee Amount of $6.50 exceeds tolerance of $6.00. Insufficient or no cure was provided to the borrower. | Flood Certification Fee was disclosed as $6 on Initial LE and $6.50 on Final CD. File does not contain a valid COC for this fee, evidence of cure in file is $0.00 | Reviewer Comment (2024-11-22): XXXXX Buyer Comment (2024-11-21): XXXXX |
11/22/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Rate/Term | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99872768 | 32928308 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.56530% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,273.38 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $9,485.92 (an overage of $1,787.46 or .56530%). | XXXXX Points and Fees exceed allowable threshold by $1,787.46 or .56530%. | Buyer Comment (2024-11-19): XXXXX |
11/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99872768 | 32928311 | Compliance | Compliance | State Compliance | Misc. State Level | Maryland Counseling Agencies Disclosure Not in File | XXXXX HB1399 - No evidence of required counseling disclosure language per XXXXX. | No evidence of required counseling disclosure language per XXXXX. | Reviewer Comment (2024-11-25): XXXXX Buyer Comment (2024-11-21): XXXXX |
11/25/2024 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99872768 | 32928312 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) | XXXXX Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. | Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. | Reviewer Comment (2024-12-11): XXXXX Buyer Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-05): XXXXX Buyer Comment (2024-12-05): XXXXX |
12/11/2024 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99872768 | 32928313 | Compliance | Compliance | State Compliance | State HPML | Maryland HPML Threshold Test Non-Compliant | XXXXX Higher-Priced Mortgage Loan: APR on subject loan of 10.43335% or Final Disclosure APR of 10.50000% is equal to or greater than the threshold of APOR 6.40% + 1.5%, or 7.90000%. Non-Compliant Higher Priced Loan. | APR on subject loan of 10.43335% or Final Disclosure APR of 10.50000% is equal to or greater than the threshold of APOR 6.40% + 1.5%, or 7.90000%. | Reviewer Comment (2024-12-11): XXXXX Buyer Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-05): XXXXX Buyer Comment (2024-12-05): XXXXX |
12/11/2024 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99872768 | 32928314 | Compliance | Compliance | State Compliance | Misc. State Level | Maryland Mortgage Lending Regulations (Tangible Net Benefit Worksheet Not Provided) | XXXXX Mortgage Lending Regulations: Net Tangible Benefit Worksheet not provided to borrower. | Net Tangible Benefit Worksheet not provided to borrower. | Reviewer Comment (2024-11-25): XXXXX Buyer Comment (2024-11-21): XXXXX |
11/25/2024 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94614925 | 32928320 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Timely delivery not provided. | Reviewer Comment (2024-12-17): XXXXX Buyer Comment (2024-12-16): XXXXX Reviewer Comment (2024-12-09): XXXXX Buyer Comment (2024-12-06): XXXXX |
12/17/2024 | 1 | B | A | B | A | B | A | B | A | B | A | SC | Primary | Refinance - Rate/Term | C | A | C | A | B | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 94614925 | 32928323 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | Provide verification that XXXXX XXXXX payment to XXXXX on primary residence was paid within month due. | Reviewer Comment (2024-12-04): XXXXX Buyer Comment (2024-12-03): XXXXX |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Rate/Term | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92542989 | 32928327 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank XXXXX): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | File contains evidence appraisal report provided is an updated report. Delivery confirmations dated earlier than report date of report located in file. Lender to provide all previous appraisal reports/updates. | Reviewer Comment (2024-12-13): XXXXX Buyer Comment (2024-12-13): XXXXX |
12/13/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Second Home | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 95934730 | 32928359 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | XXXXX is required and was not provided. | Reviewer Comment (2024-12-12): XXXXX Buyer Comment (2024-12-11): XXXXX |
12/12/2024 | 1 | D | A | D | A | D | A | D | A | D | A | NV | Investment | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93679589 | 32928368 | 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: ___ |
Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-05): XXXXX |
12/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93679589 | 32928370 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $1,949.00 exceeds tolerance of $1,765.00 plus 10% or $1,941.50. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-03): XXXXX |
12/03/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NC | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97819966 | 32928378 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | Initial Purchase Contract is not signed by the Co Borrower i.e. XXXXX and Seller XXXXX. | Reviewer Comment (2024-12-12): XXXXX Buyer Comment (2024-12-12): XXXXX Reviewer Comment (2024-11-19): XXXXX Buyer Comment (2024-11-18): XXXXX |
12/12/2024 | 1 | D | A | D | A | D | A | D | A | D | A | MD | Second Home | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97819966 | 32928379 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $80.00 exceeds tolerance of $60.00. Sufficient or excess cure was provided to the borrower at Closing. | Cure provided at closing. | Reviewer Comment (2024-11-12): XXXXX |
11/12/2024 | 1 | A | A | A | A | A | A | A | A | A | A | MD | Second Home | Purchase | Final CD evidences Cure | D | A | D | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 99769995 | 32928390 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-12-11): XXXXX Buyer Comment (2024-12-11): XXXXX |
12/11/2024 | 1 | D | A | D | A | D | A | D | A | D | A | MD | Primary | Purchase | D | B | A | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99769995 | 32928393 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.91507% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $9,263.75 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,098.52 (an overage of $2,165.23 or .91507%). | Buyer Comment (2024-12-09): XXXXX |
12/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | A | A | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99769995 | 32928395 | Compliance | Compliance | State Compliance | Misc. State Level | Maryland Counseling Agencies Disclosure Not in File | XXXXX HB1399 - No evidence of required counseling disclosure language per XXXXX. | Reviewer Comment (2024-12-18): XXXXX Buyer Comment (2024-12-18): XXXXX Reviewer Comment (2024-12-11): XXXXX Buyer Comment (2024-12-10): XXXXX |
12/18/2024 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Purchase | D | B | A | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99769995 | 32928396 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) | XXXXX Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. | Reviewer Comment (2024-12-13): XXXXX Buyer Comment (2024-12-12): XXXXX |
12/13/2024 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Purchase | D | B | A | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99769995 | 32928397 | Compliance | Compliance | State Compliance | State HPML | Maryland HPML Threshold Test Non-Compliant | XXXXX Higher-Priced Mortgage Loan: APR on subject loan of 10.49636% or Final Disclosure APR of 10.54000% is equal to or greater than the threshold of APOR 6.59% + 1.5%, or 8.09000%. Non-Compliant Higher Priced Loan. | Non-compliant HPML due to missing disclosure. | Reviewer Comment (2024-12-13): XXXXX |
12/13/2024 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Purchase | D | B | A | A | C | B | D | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 99769995 | 32928398 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure XX/XX/XX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. | The file is missing a copy of Seller's Closing Disclosure. | Reviewer Comment (2024-12-13): XXXXX Buyer Comment (2024-12-11): XXXXX |
12/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | D | B | A | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92377458 | 32928414 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation. | Reviewer Comment (2024-11-21): XXXXX Buyer Comment (2024-11-19): XXXXX |
11/21/2024 | 1 | D | A | D | A | D | A | D | A | D | A | UT | Primary | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92377458 | 32928416 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $85,680.00. XXXXX calculation. Provide verification of policy with sufficient coverage OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2024-11-21): XXXXX Buyer Comment (2024-11-19): XXXXX |
11/21/2024 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92503433 | 32928429 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-Sign Consent Agreement missing in file. | Reviewer Comment (2024-12-13): XXXXX Buyer Comment (2024-12-13): XXXXX |
12/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 93791667 | 32928456 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $242,198.15 is over disclosed by $600.00 compared to the calculated Amount Financed of $241,598.15 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 XX/XX/XX). | Amount Financed disclosed is $242,198.15 Calculated Amount Financed is $241,598.15 Variance of $600.00. Loan review fee not included. | Reviewer Comment (2024-12-10): XXXXX Buyer Comment (2024-12-09): XXXXX Reviewer Comment (2024-12-06): XXXXX Buyer Comment (2024-12-05): XXXXX |
12/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | MO | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 93791667 | 32928458 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX 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 $406,830.82 is under disclosed by $600.00 compared to the calculated Finance Charge of $407,430.82 which exceeds the $100.00 threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated XX/XX/XX). | Finance Charge disclosed is $406,830.82. Calculated finance charge is $407,430.82. Variance of -$600.00. Loan review fee not included. | Reviewer Comment (2024-12-10): XXXXX Buyer Comment (2024-12-09): XXXXX |
12/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | MO | 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 | ||||||||
| XXXX | XXXX | XXXX | XXXX | 90964632 | 32928485 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | CPA letter(s) confirming ownership percentage in both XXXXX is missing. | Reviewer Comment (2024-12-12): XXXXX Buyer Comment (2024-12-11): XXXXX |
12/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Rate/Term | C | A | C | A | B | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90964632 | 32928488 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided | Loan Underwriting and Transmittal Summary (1008) / MCAW document is missing. Unable to ascertain DTI variance lender approved DTI 42.74% vs review 33.68%. | Reviewer Comment (2024-12-12): XXXXX Buyer Comment (2024-12-11): XXXXX |
12/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Rate/Term | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 90964632 | 32928489 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) 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 (2024-12-12): XXXXX Buyer Comment (2024-12-11): XXXXX |
12/12/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Second Home | Refinance - Rate/Term | C | A | C | A | B | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90321174 | 32928567 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | 1084 or income worksheet missing in file for both borrowers. | Reviewer Comment (2024-12-05): XXXXX Buyer Comment (2024-12-04): XXXXX |
12/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | D | A | C | A | A | A | D | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 90321174 | 32928568 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-12-09): XXXXX Buyer Comment (2024-12-07): XXXXX |
12/09/2024 | 1 | D | A | D | A | D | A | D | A | D | A | IL | Primary | Purchase | D | A | C | A | A | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97913933 | 32928573 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.44501% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $6,486.95 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $4,378.13 (an overage of $2,108.82 or 1.44501%). | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.44501% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $6,486.95 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $4,378.13 | Buyer Comment (2024-12-02): XXXXX |
12/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 95863734 | 32928588 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing evidence of PITI obligation for con-currently closed property at XXXXX. | Reviewer Comment (2024-12-03): XXXXX Buyer Comment (2024-11-29): XXXXX |
12/03/2024 | 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 | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97601978 | 32928597 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | CPA Letter providing a statement indicating withdrawal of the funds will not negatively impact the business is missing for XXXXX. | Reviewer Comment (2024-12-12): XXXXX Buyer Comment (2024-12-11): XXXXX Reviewer Comment (2024-12-05): XXXXX Buyer Comment (2024-12-05): XXXXX |
12/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OK | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 97601978 | 32928600 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | CPA Letter required to verify percentage of ownership for XXXXX. | Reviewer Comment (2024-12-18): XXXXX Buyer Comment (2024-12-18): XXXXX |
12/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OK | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 97601978 | 32928601 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing evidence of Evidence of the donor's ability to provide and transfer $100,000. | Reviewer Comment (2024-12-12): XXXXX Buyer Comment (2024-12-11): XXXXX Reviewer Comment (2024-12-06): XXXXX Buyer Comment (2024-12-04): XXXXX |
12/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OK | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95121010 | 32928607 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-12-09): XXXXX Buyer Comment (2024-12-07): XXXXX |
12/09/2024 | 1 | D | A | D | A | D | A | D | A | D | A | UT | Investment | Refinance - Cash-out - Other | D | B | C | A | D | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 95121010 | 32928609 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization / Formation for XXXXX is missing in file | Reviewer Comment (2024-12-05): XXXXX Buyer Comment (2024-12-04): XXXXX |
12/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Investment | Refinance - Cash-out - Other | D | B | C | A | D | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 95121010 | 32928610 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing for XXXXX is missing in file. | Reviewer Comment (2024-12-05): XXXXX Buyer Comment (2024-12-04): XXXXX |
12/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Investment | Refinance - Cash-out - Other | D | B | C | A | D | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 95121010 | 32928611 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating agreement for XXXXX is missing in file. | Reviewer Comment (2024-12-10): XXXXX Buyer Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-05): XXXXX Buyer Comment (2024-12-04): XXXXX |
12/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Investment | Refinance - Cash-out - Other | D | B | C | A | D | B | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 95121010 | 32928612 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application. | Reviewer Comment (2024-12-06): XXXXX Buyer Comment (2024-12-05): XXXXX |
12/06/2024 | 1 | B | A | B | A | B | A | B | A | B | A | UT | Investment | Refinance - Cash-out - Other | D | B | C | A | D | B | D | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95121010 | 32928613 | Compliance | Compliance | Federal Compliance | TRID Defect | Missing Closing Disclosure: No Document Used For Fee Testing | Missing Final Closing Disclosure. No document containing fees provided. Any applicable Federal, State or Local compliance testing is unreliable. | Final CD incomplete. | Reviewer Comment (2024-12-06): XXXXX Buyer Comment (2024-12-05): XXXXX |
12/06/2024 | 1 | D | A | D | A | D | A | D | A | D | A | UT | Investment | Refinance - Cash-out - Other | D | B | C | A | D | B | D | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95121010 | 32928614 | Compliance | Compliance | State Compliance | State Late Charge | Utah Late Charge Grace Period Testing | XXXXX Late Charge: Note grace period of 5 days is less than the state minimum of 10 days. | Note grace period of 5 days is less than the state minimum of 10 days. | Buyer Comment (2024-12-02): XXXXX |
12/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Investment | Refinance - Cash-out - Other | D | B | C | A | D | B | D | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94901067 | 32928615 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | Final 1003 section 5a indicates subject is to be a primary residence while 4a indicate it is investment. | Reviewer Comment (2024-12-04): XXXXX Buyer Comment (2024-12-04): XXXXX |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94901067 | 32928616 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | Final 1003 section 5a indicates subject is to be a primary residence while 4a indicate it is investment. | Reviewer Comment (2024-12-04): XXXXX Buyer Comment (2024-12-04): XXXXX |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 94901067 | 32928617 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank XXXXX): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | File contains evidence appraisal report provided is an updated report. Delivery confirmations dated earlier than report date of report located in file. Lender to provide all previous appraisal reports/updates. | Buyer Comment (2024-12-09): XXXXX Reviewer Comment (2024-12-04): XXXXX Buyer Comment (2024-12-04): XXXXX |
12/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | DE | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99131924 | 32928623 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Bank Statement dated XX/XX/XX was not provided. XXXXX. | Reviewer Comment (2024-12-13): XXXXX Buyer Comment (2024-12-13): XXXXX Reviewer Comment (2024-12-09): XXXXX Buyer Comment (2024-12-07): XXXXX |
12/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Purchase | D | A | C | A | A | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 99131924 | 32928624 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | XXXXX is required and was not provided. | Reviewer Comment (2024-12-09): XXXXX Buyer Comment (2024-12-07): XXXXX |
12/09/2024 | 1 | D | A | D | A | D | A | D | A | D | A | NV | Primary | Purchase | D | A | C | A | A | A | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 95493499 | 32928678 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Provide a XXXXX. | Reviewer Comment (2024-11-22): XXXXX Buyer Comment (2024-11-20): XXXXX |
11/22/2024 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 93511130 | 32928735 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided | Loan Underwriting and Transmittal Summary (1008) is missing in file. | Reviewer Comment (2024-12-12): XXXXX Buyer Comment (2024-12-11): XXXXX |
12/12/2024 | 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 | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 93511130 | 32928738 | 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 XX/XX/XX, prior to three (3) business days from transaction date of XX/XX/XX 12:00:00 AM. | Subject loan transaction disbursed on XX/XX/XX, prior to three (3) business days from transaction date of XX/XX/XX | Reviewer Comment (2024-12-20): XXXXX Buyer Comment (2024-12-19): XXXXX Reviewer Comment (2024-12-12): XXXXX Buyer Comment (2024-12-11): XXXXX |
12/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| XXXX | XXXX | XXXX | XXXX | 92884648 | 32928765 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank XXXXX): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | File contains evidence appraisal report provided is an updated report. Delivery confirmations dated earlier than report date of report located in file. Lender to provide all previous appraisal reports/updates. | Reviewer Comment (2024-11-04): XXXXX Buyer Comment (2024-10-31): XXXXX |
11/04/2024 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Second Home | Refinance - Rate/Term | C | B | C | B | B | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92884648 | 32928770 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Require supporting tax information sheet to match the lender calculated tax amount of $XXXXX. | Reviewer Comment (2024-11-12): XXXXX Buyer Comment (2024-11-08): XXXXX |
11/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Second Home | Refinance - Rate/Term | C | B | C | B | B | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92884648 | 32928773 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Require verbal verification of employment from XXXXX for borrower XXXXX within 10 business days of note date. | Reviewer Comment (2024-11-01): XXXXX Buyer Comment (2024-10-31): XXXXX |
11/01/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Second Home | Refinance - Rate/Term | C | B | C | B | B | A | A | A | Non QM | Non QM | No | |||||||||
| XXXX | XXXX | XXXX | XXXX | 92884648 | 32928774 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | Need verification that XXXXX XXXXX payment on primary residence was paid within month due. | Reviewer Comment (2024-11-12): XXXXX Buyer Comment (2024-11-08): XXXXX Reviewer Comment (2024-11-01): XXXXX Buyer Comment (2024-10-31): XXXXX |
11/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Second Home | Refinance - Rate/Term | C | B | C | B | B | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92884648 | 32928775 | Credit | Guideline | Guideline Issue | Guideline | Per guidelines, the subject property cannot be greater than 20 acres. | Subject property is 28 acres. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
65% vs 80% | SitusAMC,Aggregator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-25): XXXXX Reviewer Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-21): XXXXX Buyer Comment (2024-11-21): XXXXX |
11/25/2024 | 2 | B | B | B | B | B | MD | Second Home | Refinance - Rate/Term | C | B | C | B | B | A | A | A | Non QM | Non QM | No | ||||||||||||
| XXXX | XXXX | XXXX | XXXX | 91022062 | 32928836 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.56265% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $28,712.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $18,878.83 (an overage of $9,833.67 or 1.56265%). | Buyer Comment (2024-12-09): XXXXX |
12/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | A | A | B | B | D | A | Non QM | Non QM | Yes | |||||||||
| XXXX | XXXX | XXXX | XXXX | 91022062 | 32928838 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | XXXXX is required and was not provided. | Reviewer Comment (2024-12-12): XXXXX Buyer Comment (2024-12-12): XXXXX |
12/12/2024 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Primary | Purchase | D | B | A | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91444471 | 32928898 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Missing timely delivery | Buyer Comment (2024-12-05): XXXXX |
12/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91444471 | 32928899 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | The file was missing a copy of the "Right to Receive a Copy" appraisal disclosure. | Buyer Comment (2024-12-05): XXXXX |
12/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91444471 | 32928900 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | The file was missing a copy of the Note Addendum - Prepayment Document. There is a rider to the security instrument concerning prepayment but not an addendum to the note. | Reviewer Comment (2024-11-27): XXXXX Buyer Comment (2024-11-26): XXXXX |
11/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | Yes | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 91444471 | 32928902 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Per Hazard Insurance Policy provided $143.35 per month and per First Payment Letter $159.93. Please provide a Hazard Policy for the $159.93. | Reviewer Comment (2024-11-27): XXXXX Buyer Comment (2024-11-26): XXXXX |
11/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92591195 | 32929060 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-12-10): XXXXX Buyer Comment (2024-12-09): XXXXX |
12/10/2024 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92591195 | 32929063 | 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. | Duplicate exception for executed lease agreement | Reviewer Comment (2024-12-11): XXXXX Buyer Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-05): XXXXX Buyer Comment (2024-12-04): XXXXX Reviewer Comment (2024-11-29): XXXXX Reviewer Comment (2024-11-27): XXXXX |
12/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92591195 | 32929064 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | LTV exceeds max of 75%-5% for undocumented unleased property on a refinance = 70% | Reviewer Comment (2024-11-29): XXXXX Buyer Comment (2024-11-29): XXXXX |
11/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92591195 | 32929065 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | LTV exceeds max of 75%-5% for undocumented unleased property on a refinance = 70% | Reviewer Comment (2024-11-29): XXXXX Buyer Comment (2024-11-29): XXXXX |
11/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 91180412 | 32929144 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Reviewer Comment (2024-12-11): XXXXX Buyer Comment (2024-12-11): XXXXX Reviewer Comment (2024-12-10): XXXXX Buyer Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-09): XXXXX Buyer Comment (2024-12-07): XXXXX |
12/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||||
| XXXX | XXXX | XXXX | XXXX | 91180412 | 32929145 | 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 for XXXXX. | Reviewer Comment (2024-12-09): XXXXX Buyer Comment (2024-12-07): XXXXX |
12/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 91180412 | 32929146 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Hazard Insurance Policy is missing in file for subject property. | Reviewer Comment (2024-12-09): XXXXX Buyer Comment (2024-12-07): XXXXX |
12/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 91180412 | 32929148 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Missing evidence the appraisal was provided to the borrower three (3) business days prior to consummation. | Buyer Comment (2024-12-05): XXXXX |
12/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91180412 | 32929149 | Compliance | Compliance | State Compliance | State Late Charge | North Carolina First Lien Late Charge Grace Period Testing | XXXXX Late Charge: Note grace period of 10 days is less than the state minimum of 15 days. | Buyer Comment (2024-12-05): XXXXX |
12/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 91180412 | 32929150 | Compliance | Compliance | State Compliance | State Late Charge | North Carolina First Lien Late Charge Percent Testing | XXXXX Late Charge: Note late charge percent of 10.00000% exceeds the state maximum of 4%. | Buyer Comment (2024-12-05): XXXXX |
12/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 91180412 | 32929152 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Disclosure was provided at closing. | Buyer Comment (2024-12-05): XXXXX |
12/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 91180412 | 32929153 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: HUD-1 Not Signed or Stamped Used For Fee Testing Non Material | Missing Final HUD-1: HUD-1 Not Signed or Stamped used for any applicable Federal, State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement. EV2 informational finding to indicate which document was used to source fees for any applicable testing. | HUD-1 provided is not signed or stamped and is missing the mortgage payoff. The HUD 1 in the file has the wrong closing date of XX/XX/XX. The note amount is shown as $XXXXX which is incorrect. The note amount is $XXXXX and the payoff of the existing lien is not shown. | Reviewer Comment (2024-12-10): XXXXX Buyer Comment (2024-12-07): XXXXX |
12/10/2024 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 98927370 | 32936786 | 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 provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2024-12-11): XXXXX Buyer Comment (2024-12-10): XXXXX |
12/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 98927370 | 32936788 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Missing OFAC for borrowing Entity. | Reviewer Comment (2024-12-11): XXXXX Buyer Comment (2024-12-10): XXXXX |
12/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 98927370 | 32936789 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution missing. | Reviewer Comment (2024-12-11): XXXXX Buyer Comment (2024-12-10): XXXXX |
12/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXX | XXXX | XXXX | XXXX | 92801980 | 32937037 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Prepayment addendum and rider not provided in file. | Reviewer Comment (2024-12-04): XXXXX Buyer Comment (2024-12-03): XXXXX Reviewer Comment (2024-12-03): XXXXX Buyer Comment (2024-12-02): XXXXX |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | C | A | A | A | N/A | N/A | Yes | ||||||||||
| XXXX | XXXX | XXXX | XXXX | 92801980 | 32937039 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | (Missing Data) Note Information | Missing information has been found on the Note. The following fields are missing and are being treated as "No" for the purpose of Compliance testing. Early Closure Release Fee, Exclude Allowance from Max Penalty. | Prepayment addendum rider not provided in file. | Reviewer Comment (2024-12-03): XXXXX Buyer Comment (2024-12-02): XXXXX |
12/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | C | A | A | A | N/A | N/A | No |