GS Mortgage-Backed Securities Trust 2025-NQM2
Exhibit 99.3 - Schedule 2
| Seller | Alt Loan ID | Loan ID | Seller Loan ID | Investor Loan ID | Queue | Created Date | Last Modified Date | Finding Status | Event Level | Finding Category | Finding Sub Category | Finding Name | Reviewer Comments | Seller Comments | Finding Resolution | Finding Document | Reviewer Comp Factors | Originator Comp Factors | State | Occupancy | Loan Purpose | Refinance Purpose | Unique Finding ID | Acknowledged / Waived By | Waiver in File? |
| XXXX | 20250604006 | XXXX | XXXX | XXXX | Closed | 2024-03-13 18:57 | 2024-03-13 18:57 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. This finding is non-material and will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-03/13/2024 | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. This finding is non-material and will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-03/13/2024 |
XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXX | 20250604006 | XXXX | XXXX | XXXX | Closed | 2024-03-04 13:59 | 2024-03-13 18:51 | Resolved | 1 - Information | Property | Value | Missing Post Close Valuation - 1 | Resolved-Document Uploaded. - Due Diligence Vendor-03/13/2024 Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-03/13/2024 Open-A valid secondary valuation supporting the origination appraisal value is not present. . - Due Diligence Vendor-03/04/2024 |
Resolved-Document Uploaded. - Due Diligence Vendor-03/13/2024 Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-03/13/2024 |
XXXXXXXXXX_RDA.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXX | 20250604002 | XXXX | XXXX | XXXX | Closed | 2024-03-01 18:04 | 2024-03-15 15:04 | Resolved | 1 - Information | Property | Property | Property in Disaster Area – Property located in a FEMA declared disaster area. Inspection post incident date was not provided | Resolved-Document Uploaded. - Due Diligence Vendor-03/15/2024 Resolved-2055 Exterior inspection provided. No damage noted. Condition Resolved. - Due Diligence Vendor-03/15/2024 Open-Subject property is in recent disaster area and there is no post incident inspection - Due Diligence Vendor-03/01/2024 |
Resolved-Document Uploaded. - Due Diligence Vendor-03/15/2024 Resolved-2055 Exterior inspection provided. No damage noted. Condition Resolved. - Due Diligence Vendor-03/15/2024 |
XXXXXXXXXX-2055.pdf | XX | Second Home | Purchase | NA | XXXX | N/A | N/A | |||
| XXXX | 20250604002 | XXXX | XXXX | XXXX | Closed | 2024-03-07 13:55 | 2024-03-15 14:55 | Resolved | 1 - Information | Property | Value | Missing Post Close Valuation - 1 | Resolved-Document Uploaded. - Due Diligence Vendor-03/15/2024 Resolved-A valid secondary valuation (2055) supporting the origination appraisal value was provided. - Due Diligence Vendor-03/15/2024 Open-A valid secondary valuation supporting the origination appraisal value is not present. - Due Diligence Vendor-03/07/2024 |
Resolved-Document Uploaded. - Due Diligence Vendor-03/15/2024 Resolved-A valid secondary valuation (2055) supporting the origination appraisal value was provided. - Due Diligence Vendor-03/15/2024 |
XXXXXXXXXX-2055.pdf | XX | Second Home | Purchase | NA | XXXX | N/A | N/A | |||
| XXXX | 20250604002 | XXXX | XXXX | XXXX | Closed | 2024-03-15 14:55 | 2024-03-15 14:55 | Acknowledged | 2 - Non-Material | Property | Value | Secondary valuation supports within 10%, PIW grading applies | Acknowledged-Secondary valuation support within 10%, PIW in file for a GSE loan. - Due Diligence Vendor-03/15/2024 | Acknowledged-Secondary valuation support within 10%, PIW in file for a GSE loan. - Due Diligence Vendor-03/15/2024 |
XX | Second Home | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXX | 20250604004 | XXXX | XXXX | XXXX | Closed | 2024-03-14 20:18 | 2025-05-16 14:44 | Waived | 2 - Non-Material | Credit | Income/Employment | Income 1 Income Trend is Decreasing | Waived-Lender provided post-closing exception with 2 valid compensating factors. Condition Waived. This finding is non-material and will be rated an B. - Due Diligence Vendor-05/16/2025 Waived-Borrower Commission Income is declining. - Due Diligence Vendor-03/14/2024 |
Waived-Lender provided post-closing exception with 2 valid compensating factors. Condition Waived. This finding is non-material and will be rated an B. - Due Diligence Vendor-05/16/2025 Waived-Borrower Commission Income is declining. - Due Diligence Vendor-03/14/2024 |
DTI below Program Guidelines. (DTI 24.50% < 45% G/L Requirement). Reserves exceed program requirements. (80.69 Months Reserves > 18 months Resevers per G/L Requirement). |
XX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXX | 20250604004 | XXXX | XXXX | XXXX | Closed | 2024-03-14 20:00 | 2024-03-21 21:45 | Acknowledged | 2 - Non-Material | Compliance | Disclosure | RESPA: AfBA Disclosure not provided timely | Acknowledged-Acknowledged by Client. - Due Diligence Vendor-03/21/2024 Open-RESPA: AfBA Disclosure Date XX/XX/XXXX is not within three business days of Application Date XX/XX/XXXX. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-03/14/2024 |
Acknowledged-Acknowledged by Client. - Due Diligence Vendor-03/21/2024 |
XX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXX | 20250604010 | XXXX | XXXX | XXXX | Closed | 2024-03-06 14:37 | 2024-03-15 14:45 | Acknowledged | 2 - Non-Material | Compliance | Missing Doc | RESPA: AfBA Disclosure is Missing | Acknowledged-Acknowledged by Client. - Due Diligence Vendor-03/15/2024 Open-RESPA: AfBA Disclosure is Missing This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-03/06/2024 |
Acknowledged-Acknowledged by Client. - Due Diligence Vendor-03/15/2024 |
XX | Second Home | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXX | 20250604007 | XXXX | XXXX | XXXX | Closed | 2024-03-04 20:36 | 2024-03-15 15:08 | Resolved | 1 - Information | Property | Property | Property in Disaster Area – Property located in a FEMA declared disaster area. Inspection post incident date was not provided | Resolved-Document Uploaded. - Due Diligence Vendor-03/15/2024 Resolved-Post incident inspection provided. No Damage Noted. - Due Diligence Vendor-03/15/2024 Open-Subject property is in recent disaster area and there is no post incident inspection - Due Diligence Vendor-03/04/2024 |
Resolved-Document Uploaded. - Due Diligence Vendor-03/15/2024 Resolved-Post incident inspection provided. No Damage Noted. - Due Diligence Vendor-03/15/2024 |
XXXXXXXXXX-PDI.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXX | 20250604001 | XXXX | XXXX | XXXX | Closed | 2024-03-04 18:04 | 2025-05-16 14:52 | Waived | 2 - Non-Material | Credit | Eligibility | Transaction Ineligible | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-05/16/2025 Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-04/09/2025 Acknowledged-Acknowledged - Exception provided listing comp factors of low DTI and Credit and verified in loan file. - Due Diligence Vendor-03/11/2024 Ready for Review-Document Uploaded. Please see attached screenshot. We granted an exception on this one. - Seller-03/08/2024 Open-Cash out amount is greater than the $XXX,XXX.XX maximum allowed per lender guidelines. - Due Diligence Vendor-03/04/2024 |
Ready for Review-Document Uploaded. Please see attached screenshot. We granted an exception on this one. - Seller-03/08/2024 |
Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-05/16/2025 Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-04/09/2025 Acknowledged-Acknowledged - Exception provided listing comp factors of low DTI and Credit and verified in loan file. - Due Diligence Vendor-03/11/2024 |
image.png | DTI is 0.63%, GL DTI max of 45% FICO is 799 vs GL FICO min of 700 |
XX | Primary Residence | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | |
| XXXX | 20250604001 | XXXX | XXXX | XXXX | Closed | 2024-03-07 23:52 | 2025-05-16 14:52 | Waived | 2 - Non-Material | Credit | Eligibility | Ineligible Property Type | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-05/16/2025 Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-04/09/2025 Acknowledged-Acknowledged - lender exception provided listing low DTI and Credit as comp factors and verified in loan file. - Due Diligence Vendor-03/11/2024 Ready for Review-Document Uploaded. Exceptions granted. - Seller-03/08/2024 Open-Property type is ineligible due to declining market. - Due Diligence Vendor-03/07/2024 |
Ready for Review-Document Uploaded. Exceptions granted. - Seller-03/08/2024 |
Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-05/16/2025 Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-04/09/2025 Acknowledged-Acknowledged - lender exception provided listing low DTI and Credit as comp factors and verified in loan file. - Due Diligence Vendor-03/11/2024 |
Exceptions for XXXXXXXXXX.pdf | DTI is 0.63%, GL DTI max of 45% FICO is 799 vs GL FICO min of 700 |
XX | Primary Residence | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | |
| XXXX | 20250604001 | XXXX | XXXX | XXXX | Closed | 2024-03-15 17:01 | 2024-03-15 17:01 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. This finding is non-material and will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-03/15/2024 | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. This finding is non-material and will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-03/15/2024 |
XX | Primary Residence | Refinance | Cash Out - Other | XXXX | Investor Post-Close | No | ||||
| XXXX | 20250604001 | XXXX | XXXX | XXXX | Closed | 2024-03-04 20:20 | 2024-03-15 17:00 | Resolved | 1 - Information | Property | Value | Missing Post Close Valuation - 1 | Resolved-Document Uploaded. - Due Diligence Vendor-03/15/2024 Resolved-A valid secondary valuation (CDA) supporting the origination appraisal value was provided. - Due Diligence Vendor-03/15/2024 Open-A valid secondary valuation supporting the origination appraisal value is not present. - Due Diligence Vendor-03/04/2024 |
Resolved-Document Uploaded. - Due Diligence Vendor-03/15/2024 Resolved-A valid secondary valuation (CDA) supporting the origination appraisal value was provided. - Due Diligence Vendor-03/15/2024 |
XXXXXXXXXX_RDA.pdf | XX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXX | 20250604001 | XXXX | XXXX | XXXX | Closed | 2024-03-04 17:09 | 2024-03-15 14:45 | Acknowledged | 2 - Non-Material | Compliance | Missing Doc | RESPA: AfBA Disclosure is Missing | Acknowledged-Acknowledged by Client. - Due Diligence Vendor-03/15/2024 Counter-AFBA Disclosure is required on all consumer purpose loans within 3 business days of application. When no affiliates are used, the disclosure must indicate there are no affiliates. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-03/14/2024 Ready for Review-Only required when Affiliates are utilized - Seller-03/13/2024 Open-RESPA: AfBA Disclosure is Missing This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-03/04/2024 |
Ready for Review-Only required when Affiliates are utilized - Seller-03/13/2024 |
Acknowledged-Acknowledged by Client. - Due Diligence Vendor-03/15/2024 |
XX | Primary Residence | Refinance | Cash Out - Other | XXXX | Investor Post-Close | No | |||
| XXXX | 20250604001 | XXXX | XXXX | XXXX | Closed | 2024-03-04 17:47 | 2024-03-11 20:58 | Resolved | 1 - Information | Compliance | TRID Tolerance | Lender Credits That Cannot Decrease Test (50001262) | Resolved-Valid COC provided to support decrease to lender credit. No tolerance cure required. Condition cleared. - Due Diligence Vendor-03/11/2024 Ready for Review-Document Uploaded. COC has been uploaded - Loan Amount change resulting in an LLPA - Seller-03/08/2024 Open-The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($X,XXX.XX). The Last CD shows a total lender credit amount of ($X.XX). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). The Loan Estimate, dated XX/XX/XXXX reflects a general Lender Credit of $X,XXX.XX in Section J. Final CD reflects a general Lender Credit of $X in Section J. The loan file did not contain a valid COC to support the decrease. No evidence of a tolerance cure was provided in file. A tolerance cure of $X,XXX.XX is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof. - Due Diligence Vendor-03/04/2024 |
Ready for Review-Document Uploaded. COC has been uploaded - Loan Amount change resulting in an LLPA - Seller-03/08/2024 |
Resolved-Valid COC provided to support decrease to lender credit. No tolerance cure required. Condition cleared. - Due Diligence Vendor-03/11/2024 |
COC XXXXXXXXXX.pdf | XX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||
| XXXX | 20250604003 | XXXX | XXXX | XXXX | Closed | 2024-03-05 15:33 | 2024-03-15 17:14 | Waived | 2 - Non-Material | Credit | Income/Employment | Borrower 1 Business Bank Statements Less Than 24 Months Provided | Waived-A policy exception was issued post-closing. Lender exception was provided with appropriate compensating factors. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-03/15/2024 Ready for Review-An exception has been granted to allow the calculation of income on 11 mos, and accept the missing XXXXXXXXX bank statement. The reason for the exception is that the business has been in existence over 5 years. Even with the missing month statement, the other month over month eligible deposits show the business stable and deposits significantly increasing. Even when factoring in the missing month at a full 12 month average the borrower’s DTI would be 19%. 43 months post-closing reserves. - Seller-03/14/2024 Counter-Please provide approved lender exception and comp factors considered to qualify borrower using 23 months bank statements vs 24 to determine income stability as required by guidelines, or provide missing bank statement. - Due Diligence Vendor-03/11/2024 Ready for Review-Agreed. however, if the month of XX/XX/XXXX were disregarded entirely, the qualifying DTI would have still met program guidelines. There was also sufficient history between all other months to determine that the month over month and year-over-year deposits were consistent. - Seller-03/08/2024 Open-The loan file is missing the complete bank statement dated XX/XX/XXXX for the account number ending XXXX. Only page one of this statement is present in the loan file. - Due Diligence Vendor-03/05/2024 |
Ready for Review-An exception has been granted to allow the calculation of income on 11 mos, and accept the missing September bank statement. The reason for the exception is that the business has been in existence over 5 years. Even with the missing month statement, the other month over month eligible deposits show the business stable and deposits significantly increasing. Even when factoring in the missing month at a full 12 month average the borrower’s DTI would be 19%. 43 months post-closing reserves. - Seller-03/14/2024 Ready for Review-Agreed. however, if the month of XX/XX/XXXX were disregarded entirely, the qualifying DTI would have still met program guidelines. There was also sufficient history between all other months to determine that the month over month and year-over-year deposits were consistent. - Seller-03/08/2024 |
Waived-A policy exception was issued post-closing. Lender exception was provided with appropriate compensating factors. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-03/15/2024 |
Business in existence for over 5 years. DTI is 22.59% 43 months post-closing reserves. |
XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | ||
| XXXX | 20250604009 | XXXX | XXXX | XXXX | Closed | 2024-03-19 12:45 | 2024-03-21 21:45 | Acknowledged | 2 - Non-Material | Compliance | Missing Doc | RESPA: AfBA Disclosure is Missing | Acknowledged-Acknowledged by Client. - Due Diligence Vendor-03/21/2024 Open-RESPA: AfBA Disclosure is Missing This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-03/19/2024 |
Acknowledged-Acknowledged by Client. - Due Diligence Vendor-03/21/2024 |
XX | Investment | Refinance | Cash Out - Other | XXXX | Investor Post-Close | No | ||||
| XXXX | 20250604009 | XXXX | XXXX | XXXX | Closed | 2024-03-19 06:42 | 2024-03-21 18:51 | Resolved | 1 - Information | Property | Value | Missing Post Close Valuation - 1 | Resolved-Document Uploaded. - Due Diligence Vendor-03/21/2024 Resolved-A valid secondary valuation (CDA) supporting the origination appraisal value was provided. - Due Diligence Vendor-03/21/2024 Open-A valid secondary valuation supporting the origination appraisal value is not present. . - Due Diligence Vendor-03/19/2024 |
Resolved-Document Uploaded. - Due Diligence Vendor-03/21/2024 Resolved-A valid secondary valuation (CDA) supporting the origination appraisal value was provided. - Due Diligence Vendor-03/21/2024 |
XXXXXXXXXX_RDA.pdf | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXX | 20250604008 | XXXX | XXXX | XXXX | Closed | 2024-03-16 17:29 | 2024-03-26 16:03 | Resolved | 1 - Information | Compliance | TRID | TRID 0% Tolerance Violation | Resolved-copy of check received. finding resolved. - Due Diligence Vendor-03/26/2024 Ready for Review-Document Uploaded. Copy of Check has been uploaded. - Seller-03/26/2024 Counter-Copy of post-closing CD and letter to borrower provided. Please provide a copy of the refund check sent to borrower. - Due Diligence Vendor-03/26/2024 Ready for Review-Document Uploaded. Cashiers Check to follow - Seller-03/21/2024 Counter-Lender provided an invalid COC for the increase of Appraisal Fee disclosed as $X,XXX.XX on initial LE and $X,XXX.XX on final CD due to sales price change and product change. Neither change would have affected the Appraisal fee. However, an invoice was located within the loan file that reflects the Appraisal fee for $XXX and Rush fee for $XXX for a total of $X,XXX.XX. Invoice was dated on same day as UDCP and initial CD was provided within 3 days of that date. A Rush fee requires evidence of borrower’s request. Provide documentation in writing through a copy of the borrower’s emails, communication logs, or screenshot of LO notes in LOS evidencing the borrower requested the change and the date it was requested due to the time constraint between closing and receiving appraisal, a “rush” on the appraisal was ordered. Condition remains. - Due Diligence Vendor-03/21/2024 Ready for Review-Document Uploaded. COC for appraisal increase has been uploaded. - Seller-03/19/2024 Open-The Charges originating in Section B are subject to 0% variance. The Initial LE reflects Appraisal Fee as $X,XXX.XX. The lender did not provide a valid COC for the increase, and the final CD section Appraisal Fee as $X,XXX.XX. The resulting changes resulting in a variance of ($XX.XX). Provide corrected CD, evidence of refund to the Borrower, letter of explanation and proof of delivery to the Borrower. - Due Diligence Vendor-03/16/2024 |
Ready for Review-Document Uploaded. Copy of Check has been uploaded. - Seller-03/26/2024 Ready for Review-Document Uploaded. Cashiers Check to follow - Seller-03/21/2024 Ready for Review-Document Uploaded. COC for appraisal increase has been uploaded. - Seller-03/19/2024 |
Resolved-copy of check received. finding resolved. - Due Diligence Vendor-03/26/2024 |
COC XXXXXXXXXX.pdf XXXXXXXXXX.pdf FedEx Shipping Label to XXXXXXXXXX.pdf XXXXXXXXXX Final CD.pdf [Untitled].pdf |
XX | Second Home | Purchase | NA | XXXX | N/A | N/A | ||
| XXXX | 20250604008 | XXXX | XXXX | XXXX | Closed | 2024-03-26 13:39 | 2024-03-26 13:44 | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Corrected Closing Disclosure (Loan Product)(Last CD not in Person) | Resolved-Invalid finding. finding rescinded. - Due Diligence Vendor-03/26/2024 Resolved- - Due Diligence Vendor-03/26/2024 Resolved-Resolved - Due Diligence Vendor-03/26/2024 Open-The Loan Product of (247200) on the last Closing Disclosure does not match the system calculated Loan Product of (Fixed Rate). The last Closing Disclosure was provided on (XX/XX/XXXX) via (Other), which is not at least 6 business days before the consummation date of (XX/XX/XXXX). Under Regulation Z, if the Loan Product is inaccurate, a consumer must receive corrected Closing Disclosures no later than 3 business days before the consummation date of (XX/XX/XXXX). If a corrected Closing Disclosure is not provided in person, a consumer is deemed to have received it 3 business days after the corrected Closing Disclosure is mailed or delivered, unless there is evidence of earlier receipt by a consumer. (12 CFR 1026.19(f)(2)(ii)(B); OSC 19(f)(2)(ii)-1) - Due Diligence Vendor-03/26/2024 |
Resolved-Invalid finding. finding rescinded. - Due Diligence Vendor-03/26/2024 Resolved- - Due Diligence Vendor-03/26/2024 Resolved-Resolved - Due Diligence Vendor-03/26/2024 |
XX | Second Home | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 20250604008 | XXXX | XXXX | XXXX | Closed | 2024-03-26 13:39 | 2024-03-26 13:43 | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Inaccurate Loan Product - Redisclosure and Waiting Period | Resolved-Invalid finding. Finding rescinded. - Due Diligence Vendor-03/26/2024 Rescinded-Invalid finding. Finding rescinded - Due Diligence Vendor-03/26/2024 Resolved-Resolved - Due Diligence Vendor-03/26/2024 Open-The Loan Product of (247200) on the Closing Disclosure is inaccurate. The actual Loan Product is (Fixed Rate). Under Regulation Z, if the Loan Product is inaccurate, a consumer must receive corrected Closing Disclosures no later than 3 business days before the consummation date of (XX/XX/XXXX). If a corrected Closing Disclosure is delivered to a consumer other than in person, a consumer is deemed to have received it 3 business days after the corrected Closing Disclosure is mailed or delivered, unless there is evidence of earlier receipt by a consumer. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii); 1026.19(f)(2)(ii)(B)) - Due Diligence Vendor-03/26/2024 |
Resolved-Invalid finding. Finding rescinded. - Due Diligence Vendor-03/26/2024 Rescinded-Invalid finding. Finding rescinded - Due Diligence Vendor-03/26/2024 Resolved-Resolved - Due Diligence Vendor-03/26/2024 |
XX | Second Home | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 20250604008 | XXXX | XXXX | XXXX | Closed | 2024-03-12 18:43 | 2024-03-22 14:34 | Resolved | 1 - Information | Property | Value | Missing Post Close Valuation - 1 | Resolved-Document Uploaded. - Due Diligence Vendor-03/22/2024 Resolved-A valid secondary valuation (CDA) supporting the origination appraisal value was provided. - Due Diligence Vendor-03/22/2024 Open-A valid secondary valuation supporting the origination appraisal value is not present. - Due Diligence Vendor-03/12/2024 |
Resolved-Document Uploaded. - Due Diligence Vendor-03/22/2024 Resolved-A valid secondary valuation (CDA) supporting the origination appraisal value was provided. - Due Diligence Vendor-03/22/2024 |
XXXXXXXXXX_RDA.pdf | XX | Second Home | Purchase | NA | XXXX | N/A | N/A | |||
| XXXX | 20250604008 | XXXX | XXXX | XXXX | Closed | 2024-03-22 14:33 | 2024-03-22 14:33 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. This finding is non-material and will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-03/22/2024 | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. This finding is non-material and will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-03/22/2024 |
XX | Second Home | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXX | 20250604008 | XXXX | XXXX | XXXX | Closed | 2024-03-12 18:03 | 2024-03-21 21:45 | Acknowledged | 2 - Non-Material | Compliance | Missing Doc | RESPA: AfBA Disclosure is Missing | Acknowledged-Acknowledged by Client. - Due Diligence Vendor-03/21/2024 Open-RESPA: AfBA Disclosure is Missing - Due Diligence Vendor-03/12/2024 |
Acknowledged-Acknowledged by Client. - Due Diligence Vendor-03/21/2024 |
XX | Second Home | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXX | 20250604012 | XXXX | XXXX | XXXX | Closed | 2024-09-24 19:32 | 2025-05-16 14:54 | Waived | 2 - Non-Material | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Waived-Blanket Downgrade to Level 2/B grade applied for title coverage amount. - Due Diligence Vendor-05/16/2025 Waived-Blanket Downgrade to Level 2/B grade applied for title coverage amount. - Due Diligence Vendor-10/03/2024 Open-Title Coverage Amount of $X,XXX,XXX.XX is Less than Total Amount of Subject Lien(s) of $X,XXX,XXX.XX - Due Diligence Vendor-09/24/2024 |
Waived-Blanket Downgrade to Level 2/B grade applied for title coverage amount. - Due Diligence Vendor-05/16/2025 Waived-Blanket Downgrade to Level 2/B grade applied for title coverage amount. - Due Diligence Vendor-10/03/2024 |
62% LTV, SE 8yrs & 732 FICO | XX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXX | 20250604012 | XXXX | XXXX | XXXX | Closed | 2024-09-24 18:46 | 2025-05-01 22:17 | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Credit History taken into consideration does not meet requirements | Resolved-ATR Risk - Credit History taken into consideration meets requirements - Due Diligence Vendor-05/01/2025 Resolved-Housing History has been waived. ATR finding is resolved. - Due Diligence Vendor-10/03/2024 Open-ATR Risk - Credit History taken into consideration does not meet requirements - Due Diligence Vendor-09/24/2024 |
Resolved-ATR Risk - Credit History taken into consideration meets requirements - Due Diligence Vendor-05/01/2025 Resolved-Housing History has been waived. ATR finding is resolved. - Due Diligence Vendor-10/03/2024 |
XX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 20250604012 | XXXX | XXXX | XXXX | Closed | 2024-09-24 18:46 | 2024-10-18 15:13 | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Condition Waived - The applicable guidelines require an Institutional VOR, credit supplement, or cancelled checks/bank records. The VOR provided is a private party VOR which does not meet the requirements of verifying the Borrower's prior housing history. Further, the VOR did not list the correct rental amount verified by the other documents (XXXX vs XXXX). The payment history provided is not sufficient due to the XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX payments do not reflect the total amount of the borrower's monthly rent payment. Borrower provided a letter of explanation stating rent payments need to be paid in 2 payments due to a cap of $X,XXX.XX per day when paying via XXXXX. The explanation also indicates some months the borrower paid less due to covering a repair and taking the amount of the repair out of the monthly rent. This condition has been waived. - Due Diligence Vendor-10/18/2024 Ready for Review-XXXX CW - VOM to support no payments were late/missed according to landlord, combined with LOX and payment history, supports all payments were made. - Due Diligence Vendor-10/17/2024 Waived-Condition Waived. - Due Diligence Vendor-10/03/2024 Open-Housing History Does Not Meet Guideline Requirements Lender's guidelines require rental housing payment history to be documented with cancelled checks/bank records. The payment history provided is not sufficient due to the XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX payments do not reflect the total amount of the borrower's monthly rent payment. Borrower provided a letter of explanation stating rent payments need to be paid in 2 payments due to a cap of $X,XXX.XX per day when paying via XXXXX. The explanation also indicates some months the borrower paid less due to covering a repair and taking the amount of the repair out of the monthly rent. - Due Diligence Vendor-09/24/2024 |
Please waive, comp factors: 62% LTV, SE 8yrs & 732 FICO - 10/03/2024 |
Waived-Condition Waived - The applicable guidelines require an Institutional VOR, credit supplement, or cancelled checks/bank records. The VOR provided is a private party VOR which does not meet the requirements of verifying the Borrower's prior housing history. Further, the VOR did not list the correct rental amount verified by the other documents (XXXX vs XXXX). The payment history provided is not sufficient due to the XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX payments do not reflect the total amount of the borrower's monthly rent payment. Borrower provided a letter of explanation stating rent payments need to be paid in 2 payments due to a cap of $X,XXX.XX per day when paying via XXXXX. The explanation also indicates some months the borrower paid less due to covering a repair and taking the amount of the repair out of the monthly rent. This condition has been waived. - Due Diligence Vendor-10/18/2024 Waived-Condition Waived. - Due Diligence Vendor-10/03/2024 |
XXXXXXXXXX_XXXXXXXXXX.pdf | 62% LTV, SE 8yrs & 732 FICO | XX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No | |
| XXXX | 20250604012 | XXXX | XXXX | XXXX | Closed | 2024-09-24 18:59 | 2024-10-03 19:17 | Acknowledged | 2 - Non-Material | Compliance | Missing Doc | RESPA: AfBA Disclosure is Missing | Acknowledged-Acknowledged by Client. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-10/03/2024 Open-RESPA: AfBA Disclosure is Missing This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-09/24/2024 |
Acknowledged-Acknowledged by Client. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-10/03/2024 |
XX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No |