GS Mortgage-Backed Securities Trust 2025-NQM2
Exhibit 99.4 - Schedule 3
| Seller | Loan ID | Seller Loan ID | Investor Loan ID | Queue | Created Date | Last Modified Date | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Reviewer Comments | Seller Comments | Finding Resolution | Finding Document | Reviewer Comp Factors | Originator Comp Factors | State | Occupancy | Loan Purpose | Refinance Purpose | Unique Finding ID | Acknowledged / Waived By | Waiver in File? |
| XXXX | 4661351 | Closed | 2023-10-05 17:21 | 2023-10-13 12:50 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Reimbursement Amount Validation Test | Resolved-COC received - resolved - Due Diligence Vendor-10/13/2023 Ready for Review-Document Uploaded. - Seller-10/11/2023 Open-This loan failed the Reimbursement amount validation test due to a Pest Inspection Fee that was added to section B on the Final CDs in the amount of $49.00 without a valid Change of Circumstance Form. There is no evidence of reimbursement in file. Please upload a valid COC form, or to cure upload refund check iao $49, PCCD, LOE, and shipping envelope. - Due Diligence Vendor-10/05/2023 Open-This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-10/05/2023 |
Ready for Review-Document Uploaded. - Seller-10/11/2023 |
Resolved-COC received - resolved - Due Diligence Vendor-10/13/2023 |
XXXX | MD | Primary Residence | Purchase | NA | 1195991 | N/A | N/A | ||||
| XXXX | 4661351 | Closed | 2023-10-05 17:21 | 2023-10-13 12:50 | Resolved | 1 - Information | C | A | Compliance | Disclosure | Consummation or Reimbursement Date Validation Test | Resolved-COC received - resolved - Due Diligence Vendor-10/13/2023 Ready for Review-Document Uploaded. - Seller-10/11/2023 Open-This loan failed the closing or reimbursement date validation test due to a Pest Inspection Fee that was added to section B on the Final CDs in the amount of $49.00 without a valid Change of Circumstance Form. There is no evidence of reimbursement in file. Please upload a valid COC form, or to cure upload refund check iao $49, PCCD, LOE, and shipping envelope. - Due Diligence Vendor-10/05/2023 Open-This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-10/05/2023 |
Ready for Review-Document Uploaded. - Seller-10/11/2023 |
Resolved-COC received - resolved - Due Diligence Vendor-10/13/2023 |
XXXX | MD | Primary Residence | Purchase | NA | 1195992 | N/A | N/A | ||||
| XXXX | 4661351 | Closed | 2023-10-05 17:21 | 2023-10-13 12:50 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-COC received - resolved - Due Diligence Vendor-10/13/2023 Ready for Review-Document Uploaded. - Seller-10/11/2023 Open-This loan failed the charges that cannot increase test due to a Pest Inspection Fee that was added to section B on the Final CDs in the amount of $49.00 without a valid Change of Circumstance Form. There is no evidence of reimbursement in file. Please upload a valid COC form, or to cure upload refund check iao $49, PCCD, LOE, and shipping envelope. - Due Diligence Vendor-10/05/2023 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $49.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). - Due Diligence Vendor-10/05/2023 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $49.25.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). - Due Diligence Vendor-10/05/2023 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $574.25.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). - Due Diligence Vendor-10/05/2023 |
Ready for Review-Document Uploaded. - Seller-10/11/2023 |
Resolved-COC received - resolved - Due Diligence Vendor-10/13/2023 |
XXXX | MD | Primary Residence | Purchase | NA | 1195993 | N/A | N/A | ||||
| XXXX | 4661351 | Closed | 2023-09-26 10:12 | 2023-10-05 17:52 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Initial CD received and updated to loan review. The CE report is moderate. Additional findings opened to address the tolerance fail. - Due Diligence Vendor-10/05/2023 Ready for Review-Document Uploaded. - Seller-10/03/2023 Open-TRID: Missing Closing Disclosure Initial Closing Disclosure Missing in File. - Due Diligence Vendor-09/26/2023 |
Ready for Review-Document Uploaded. - Seller-10/03/2023 |
Resolved-Initial CD received and updated to loan review. The CE report is moderate. Additional findings opened to address the tolerance fail. - Due Diligence Vendor-10/05/2023 |
XXXX | MD | Primary Residence | Purchase | NA | 1175827 | N/A | N/A | ||||
| XXXX | 4768461 | Closed | 2024-06-17 12:04 | 2024-06-27 14:02 | Resolved | 1 - Information | C | A | Credit | Credit | DTI discrepancy or failure. | Resolved-Received updated Note I/O DTI is in line - Due Diligence Vendor-06/27/2024 Ready for Review-Document Uploaded. I/O Note - Seller-06/26/2024 Open-Per approval/1008 P&I reflecting based on IO numbers & Note is fixed rate. due to P&I discrepancy & all other payments variance between 1008 & credit report, due to the discrepancy there is DTI variance. ALso have signed first payment letter that shows the loan as being I/O - Due Diligence Vendor-06/17/2024 |
Ready for Review-Document Uploaded. I/O Note - Seller-06/26/2024 |
Resolved-Received updated Note I/O DTI is in line - Due Diligence Vendor-06/27/2024 |
XXXX | CA | Primary Residence | Refinance | Cash Out - Other | 1841690 | N/A | N/A | ||||
| XXXX | 4768461 | Closed | 2024-06-14 11:18 | 2024-06-27 05:03 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Note is Missing | Resolved-Resolved- Updated supporting document I/O Note document. - Due Diligence Vendor-06/27/2024 Resolved-The Note is Present - Due Diligence Vendor-06/27/2024 Resolved-The Note is Present - Due Diligence Vendor-06/27/2024 Ready for Review-Document Uploaded. Correct I/O note - Seller-06/26/2024 Open-The Note is Missing Per approval/1008 P&I reflecting based on IO numbers & Note is fixed rate. due to P&I discrepancy there is DTI variance. Based on final CD and first payment letter this is I/O loan. - Due Diligence Vendor-06/14/2024 |
Ready for Review-Document Uploaded. Correct I/O note - Seller-06/26/2024 |
Resolved-Resolved- Updated supporting document I/O Note document. - Due Diligence Vendor-06/27/2024 Resolved-The Note is Present - Due Diligence Vendor-06/27/2024 Resolved-The Note is Present - Due Diligence Vendor-06/27/2024 |
XXXX | CA | Primary Residence | Refinance | Cash Out - Other | 1832461 | N/A | N/A | ||||
| XXXX | 4768461 | Closed | 2024-06-17 14:36 | 2024-06-21 17:12 | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-The 1008 document is present in the loan file, resolved with 1008 provided, but still awaiting note and first payment letter to confirm the data is accurate. - Due Diligence Vendor-06/21/2024 Ready for Review-Document Uploaded. Revised 1008 with I/O payment. Revised I/O note to follow which matches 1008/first payment letter - Seller-06/21/2024 Open-1008 Document is Missing DTI is not lining up 1008 in file. Currently it has the front end at 10,333.37/28,843= 35.83% and back end at 49.13 with total of 14,170.19/28,843=49.13%. Note in file has the loan as P&I not I/O with that it is at 9,507.96+854.35 taxes and 682.58 for insurance. Total is at 11,044.89/28,843= 38.29% back end 11,044.89+2019=13,063.89=45.29 - Due Diligence Vendor-06/17/2024 |
Ready for Review-Document Uploaded. Revised 1008 with I/O payment. Revised I/O note to follow which matches 1008/first payment letter - Seller-06/21/2024 |
Resolved-The 1008 document is present in the loan file, resolved with 1008 provided, but still awaiting note and first payment letter to confirm the data is accurate. - Due Diligence Vendor-06/21/2024 |
XXXX | CA | Primary Residence | Refinance | Cash Out - Other | 1842514 | N/A | N/A | ||||
| XXXX | 4875571 | Closed | 2024-06-21 14:38 | 2024-07-03 09:28 | Resolved | 1 - Information | C | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA | Resolved-Disaster Inspection Report uploaded dated XXXX which is post the incident end date of XXXX. Verified no damage noted with exterior photos, verified & entered in system - Resolved. - Due Diligence Vendor-07/03/2024 Ready for Review-See attached. - Seller-07/02/2024 Open-FEMA disaster in the subject property area. Please provide a post disaster inspection report. - Due Diligence Vendor-06/21/2024 |
Ready for Review-See attached. - Seller-07/02/2024 |
Resolved-Disaster Inspection Report uploaded dated XXXX which is post the incident end date of XXXX. Verified no damage noted with exterior photos, verified & entered in system - Resolved. - Due Diligence Vendor-07/03/2024 |
XXXX | TX | Primary Residence | Purchase | NA | 1866430 | N/A | N/A | ||||
| XXXX | 4875571 | Closed | 2024-06-21 12:00 | 2024-06-28 17:52 | Resolved | 1 - Information | C | A | Property | Value | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-LCA provided and updated - Due Diligence Vendor-06/28/2024 Ready for Review-Document Uploaded. - Seller-06/26/2024 Open-Request to provide Secondary Valuation or Additional Valuation for securitization requirements - Due Diligence Vendor-06/21/2024 |
Ready for Review-Document Uploaded. - Seller-06/26/2024 |
Resolved-LCA provided and updated - Due Diligence Vendor-06/28/2024 |
XXXX | TX | Primary Residence | Purchase | NA | 1865168 | N/A | N/A | ||||
| XXXX | 4982681 | Closed | 2024-09-04 19:16 | 2024-09-04 19:59 | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Lender Credits That Cannot Decrease Test (50001262) | Resolved-Resolved - Due Diligence Vendor-09/04/2024 Open-The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($6,783.00). The Last CD shows a total lender credit amount of ($0.00). The following fees "lender credits" have decreased below their baseline amounts (Lender Paid Compensation). 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)). - Due Diligence Vendor-09/04/2024 |
Resolved-Resolved - Due Diligence Vendor-09/04/2024 |
CA | Primary Residence | Purchase | NA | 2308307 | N/A | N/A | ||||||
| XXXX | 4982681 | Closed | 2024-09-04 19:16 | 2024-09-04 19:59 | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Lender Credits That Cannot Decrease Test (50001261) | Resolved-Resolved - Due Diligence Vendor-09/04/2024 Open-The baseline amount of non-specific (lump sum) lender credits and specific lender credits is ($6,783.00). The actual total fee amount shows a credit amount of ($0.00). The following actual fees submitted as "lender credits" have decreased below their baseline amounts (Lender Paid Compensation). 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. (12 CFR 1026.19e)(3) and comments 19(e)(3)-5 and -6; 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). - Due Diligence Vendor-09/04/2024 |
Resolved-Resolved - Due Diligence Vendor-09/04/2024 |
CA | Primary Residence | Purchase | NA | 2308308 | N/A | N/A | ||||||
| XXXX | 4982681 | Closed | 2024-07-26 02:45 | 2024-09-04 19:15 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Audited Reserves of 18.9 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-09/04/2024 Resolved-Received PCCD which creates ample reserves - Due Diligence Vendor-09/04/2024 Ready for Review-Document Uploaded. - Seller-09/04/2024 Counter-Asset required: XXXX Assets verified: XXXX on 1008 Assets verified on 1003: XXXX XXXX and EMD of XXXX Gift letter for XXXX Per GLs dated XXXX may not be used to meet reserves the Balance for XXXX was XXXX. Amount needed to cover reserves XXXX LTV is 85% therefore 6 months reserves required: 6 x XXXX Total assets for reserves post close is XXXX - short $XXXX Current bank statements do not resolve issue - Due Diligence Vendor-09/03/2024 Ready for Review-Document Uploaded. Bank Stmts - Seller-08/29/2024 Open-Audited Reserves of 4.77 month(s) are less than Guideline Required Reserves of 6 month(s) Request to provide clarification towards the reserve shortage not meeting closing requirements and provide additional assets documentation if any. - Due Diligence Vendor-07/26/2024 |
Ready for Review-Document Uploaded. - Seller-09/04/2024 Ready for Review-Document Uploaded. Bank Stmts - Seller-08/29/2024 |
Resolved-Audited Reserves of 18.9 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-09/04/2024 Resolved-Received PCCD which creates ample reserves - Due Diligence Vendor-09/04/2024 |
XXXX | CA | Primary Residence | Purchase | NA | 2061271 | N/A | N/A | ||||
| XXXX | 4982681 | Closed | 2024-09-04 19:14 | 2024-09-04 19:14 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing History Does Not Meet Guideline Requirements - Due Diligence Vendor-09/04/2024 Open-Housing History Does Not Meet Guideline Requirements - Due Diligence Vendor-09/04/2024 |
Resolved-Housing History Does Not Meet Guideline Requirements - Due Diligence Vendor-09/04/2024 |
CA | Primary Residence | Purchase | NA | 2308283 | N/A | N/A | ||||||
| XXXX | 4982681 | Closed | 2024-07-30 13:12 | 2024-08-28 15:32 | Resolved | 1 - Information | B | A | Credit | Doc Issue | VOM or VOR missing/required | Resolved-Bank statements in file along with LOE from client confirm housing history. - Due Diligence Vendor-08/28/2024 Ready for Review-Document Uploaded. VOR housing history - Seller-08/26/2024 Open-Per GLs First Time Homebuyer housing history is: 12-month rental history, reflecting 0x30, documented per the Housing History section. we have 8 months and an email stating VOR will be difficult to obtain. Exception required with compensating factors - Due Diligence Vendor-07/30/2024 |
Ready for Review-Document Uploaded. VOR housing history - Seller-08/26/2024 |
Resolved-Bank statements in file along with LOE from client confirm housing history. - Due Diligence Vendor-08/28/2024 |
XXXX | CA | Primary Residence | Purchase | NA | 2084025 | N/A | N/A | ||||
| XXXX | 4982681 | Closed | 2024-07-25 10:29 | 2024-07-31 08:52 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Supplement to Title Report uploaded, verifying Title Coverage Amount of $XXXX is equal to the Total Amount of Subject Lien, verified & entered in system - Resolved. - Due Diligence Vendor-07/31/2024 Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-07/31/2024 Ready for Review-Document Uploaded. Supplement to Title Report with $XXXX loan amount as coverage - Seller-07/30/2024 Open-Title Coverage Amount of $0 is Less than Total Amount of Subject Lien(s) Request to provide updated title with the coverage amount as the provided one on page 756 not reflecting loan amount. - Due Diligence Vendor-07/25/2024 |
Ready for Review-Document Uploaded. Supplement to Title Report with $XXXX loan amount as coverage - Seller-07/30/2024 |
Resolved-Supplement to Title Report uploaded, verifying Title Coverage Amount of $XXXX is equal to the Total Amount of Subject Lien, verified & entered in system - Resolved. - Due Diligence Vendor-07/31/2024 Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-07/31/2024 |
XXXX | CA | Primary Residence | Purchase | NA | 2053171 | N/A | N/A | ||||
| XXXX | 5089791 | Closed | 2024-07-31 09:38 | 2024-08-01 19:14 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-08/01/2024 Ready for Review-Document Uploaded. - Seller-08/01/2024 Open-Title Coverage Amount of $0 is Less than Total Amount of Subject Lien(s) Request to provide sufficient coverage amount, Title Coverage Amount of $0 is Less than Total Amount of Subject Lien(s). - Due Diligence Vendor-07/31/2024 |
Ready for Review-Document Uploaded. - Seller-08/01/2024 |
Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-08/01/2024 |
XXXX | CA | Primary Residence | Purchase | NA | 2091457 | N/A | N/A | ||||
| XXXX | 5089791 | Closed | 2024-07-31 15:26 | 2024-08-01 14:01 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Escrow Waiver is Missing | Resolved-Final CD has where borrower has declined escrow Waiver not needed - Due Diligence Vendor-08/01/2024 Ready for Review-Document Uploaded. Please reference page 4 of the signed final CD in file to evidence Escrow Waiver as borrowers selected to decline an escrow account - Seller-07/31/2024 Open-Escrow waiver is missing - Due Diligence Vendor-07/31/2024 |
Ready for Review-Document Uploaded. Please reference page 4 of the signed final CD in file to evidence Escrow Waiver as borrowers selected to decline an escrow account - Seller-07/31/2024 |
Resolved-Final CD has where borrower has declined escrow Waiver not needed - Due Diligence Vendor-08/01/2024 |
XXXX | CA | Primary Residence | Purchase | NA | 2094724 | N/A | N/A | ||||
| XXXX | 5196901 | Closed | 2024-08-21 15:19 | 2024-08-26 22:39 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited DTI Exceeds Guideline DTI Requirements | Waived-Exception approved - Due Diligence Vendor-08/26/2024 Ready for Review-XXXX approves exception. Ok to proceed. - Seller-08/22/2024 Open-Audited DTI of 49.93% exceeds Guideline DTI of 43% Exception Approval on XXXX by XXXX on page 456. Exception Reason: DTI 49.931%, GL Requirement Max 43% FTHB w/no housing history ***NOTE-Only B2 is FTHB. B1 is not. B2 has lived in the subject with B1 for 5 years but was not on title. - Due Diligence Vendor-08/21/2024 |
Ready for Review-XXXXapproves exception. Ok to proceed. - Seller-08/22/2024 |
Waived-Exception approved - Due Diligence Vendor-08/26/2024 |
Residual Income- Loan File $8,953.55. GL Requirement Min. $1500. Housing History- Loan File for B1 0X30X12 months, GL Requirement 1X30X12months. |
WA | Primary Residence | Refinance | Cash Out - Other | 2226888 | Originator Pre-Close | Yes | ||||
| XXXX | 5196901 | Closed | 2024-08-16 15:56 | 2024-08-21 15:08 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.539%) APR equals or exceeds the Federal HPML threshold of (8.36%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.86%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)). Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg.’s 395 and the Final Closing disclosure on Pg.’s 120 reflects escrows. Rate lock date was entered correctly – see Pg.’s 446 An interior and exterior appraisal was completed for this property – see pg. 35, the appraisal disclosure was provided to the borrower(s)- see Pg#’572-573 and copy of the appraisal was given to the borrower – see Pg.’s 218The loan meets HPML guidelines. - Due Diligence Vendor-08/16/2024 |
Resolved-The loan's (9.539%) APR equals or exceeds the Federal HPML threshold of (8.36%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.86%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)). Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg.’s 395 and the Final Closing disclosure on Pg.’s 120 reflects escrows. Rate lock date was entered correctly – see Pg.’s 446 An interior and exterior appraisal was completed for this property – see pg. 35, the appraisal disclosure was provided to the borrower(s)- see Pg#’572-573 and copy of the appraisal was given to the borrower – see Pg.’s 218The loan meets HPML guidelines. - Due Diligence Vendor-08/16/2024 |
WA | Primary Residence | Refinance | Cash Out - Other | 2201857 | N/A | N/A | ||||||
| XXXX | 5304011 | Closed | 2024-08-05 11:33 | 2024-08-07 08:25 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing VOM or VOR | Resolved-Loan transferred from XXXX to XXXX. Where XXXX shows months reviewed as 39. Hence considered Primary Mortgage or Current Rent History as 12. Resolved - Due Diligence Vendor-08/07/2024 Resolved-Validation Resolved' - Due Diligence Vendor-08/07/2024 Ready for Review-Document Uploaded. Rebuttal LOX - VOM is in file on credit rpt - Seller-08/06/2024 Open-VOR/VOM Doc Status should not be 'Missing'. Request to provide 12 month VOM for primary residence - Due Diligence Vendor-08/05/2024 |
Ready for Review-Document Uploaded. Rebuttal LOX - VOM is in file on credit rpt - Seller-08/06/2024 |
Resolved-Loan transferred from XXXX to XXXX. Where XXXX shows months reviewed as 39. Hence considered Primary Mortgage or Current Rent History as 12. Resolved - Due Diligence Vendor-08/07/2024 Resolved-Validation Resolved' - Due Diligence Vendor-08/07/2024 |
XXXX | AZ | Investment | Refinance | No Cash Out - Borrower Initiated | 2119939 | N/A | N/A | ||||
| XXXX | 5304011 | Closed | 2024-08-05 16:21 | 2024-08-07 08:25 | Resolved | 1 - Information | C | A | Credit | Closing | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Resolved-Resolved- Updated Supporting document Gap credit report for both Borrowers - Due Diligence Vendor-08/07/2024 Resolved-Borrower 1 Gap Credit Report is not expired. - Due Diligence Vendor-08/07/2024 Ready for Review-Document Uploaded. Gap Credit - Seller-08/06/2024 Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). Credit supplement in file is dated XXXX which is more than 10 days prior to note date. GAP report required - Due Diligence Vendor-08/05/2024 |
Ready for Review-Document Uploaded. Gap Credit - Seller-08/06/2024 |
Resolved-Resolved- Updated Supporting document Gap credit report for both Borrowers - Due Diligence Vendor-08/07/2024 Resolved-Borrower 1 Gap Credit Report is not expired. - Due Diligence Vendor-08/07/2024 |
XXXX | AZ | Investment | Refinance | No Cash Out - Borrower Initiated | 2123026 | N/A | N/A | ||||
| XXXX | 5304011 | Closed | 2024-08-05 13:34 | 2024-08-07 08:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lease Agreement | Resolved-Lease agreement provided. Resolved - Due Diligence Vendor-08/07/2024 Ready for Review-Document Uploaded. Lease - Seller-08/06/2024 Open-Request to provide Lease agreement. Lease agreement missing in file. - Due Diligence Vendor-08/05/2024 |
Ready for Review-Document Uploaded. Lease - Seller-08/06/2024 |
Resolved-Lease agreement provided. Resolved - Due Diligence Vendor-08/07/2024 |
XXXX | AZ | Investment | Refinance | No Cash Out - Borrower Initiated | 2120744 | N/A | N/A | ||||
| XXXX | 5411121 | Closed | 2024-08-07 22:40 | 2024-08-12 16:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Photo Identification Type Missing | Resolved-License renewal for borrower provided, resolved. - Due Diligence Vendor-08/12/2024 Ready for Review-Document Uploaded. Renewal of ID - Seller-08/08/2024 Open-Borrower 1 Photo Identification Missing. Please provide valid photo identification per guideline requirements. Note date is XXXX. Photo ID on file for the borrower expired on XXXX. - Due Diligence Vendor-08/07/2024 |
Ready for Review-Document Uploaded. Renewal of ID - Seller-08/08/2024 |
Resolved-License renewal for borrower provided, resolved. - Due Diligence Vendor-08/12/2024 |
XXXX | PA | Primary Residence | Purchase | NA | 2144394 | N/A | N/A | ||||
| XXXX | 5411121 | Closed | 2024-08-06 06:55 | 2024-08-07 23:08 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.672%) APR equals or exceeds the Federal HPML threshold of (8.49%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.99%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg 461 and the Final Closing disclosure on Pg 290, Finding reflects escrows. Rate lock date was entered correctly – see Pg 487, 562. An interior and exterior appraisal was completed for this property – see 31, the appraisal disclosure was provided to the borrower(s)- see Pg 27, 28, and confirmation the appraisal was delivered to the borrower – see Pg 353. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-08/06/2024 | Resolved-The loan's (9.672%) APR equals or exceeds the Federal HPML threshold of (8.49%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.99%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg 461 and the Final Closing disclosure on Pg 290, Finding reflects escrows. Rate lock date was entered correctly – see Pg 487, 562. An interior and exterior appraisal was completed for this property – see 31, the appraisal disclosure was provided to the borrower(s)- see Pg 27, 28, and confirmation the appraisal was delivered to the borrower – see Pg 353. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-08/06/2024 |
PA | Primary Residence | Purchase | NA | 2128299 | N/A | N/A | ||||||
| XXXX | 5518231 | Closed | 2024-08-09 17:57 | 2024-08-14 12:39 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing letter of explanation | Resolved-LOX for purpose of cash-out provided. Resolved - Due Diligence Vendor-08/14/2024 Ready for Review-Document Uploaded. LOE - Seller-08/13/2024 Open-Request to provide LOE from the borrower confirming the purpose of the use of the cash-out proceeds - Due Diligence Vendor-08/09/2024 |
Ready for Review-Document Uploaded. LOE - Seller-08/13/2024 |
Resolved-LOX for purpose of cash-out provided. Resolved - Due Diligence Vendor-08/14/2024 |
XXXX | AL | Investment | Refinance | Cash Out - Other | 2158021 | N/A | N/A | ||||
| XXXX | 5518231 | Closed | 2024-08-07 07:25 | 2024-08-13 10:20 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Resolved- Updated Supporting document 3rd party VOE - Due Diligence Vendor-08/13/2024 Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-08/13/2024 Ready for Review-Document Uploaded. VOE (3rd party) completed on XXXX which is within guidelines - Seller-08/12/2024 Open-Borrower 1 3rd Party VOE Prior to Close Missing Request to provide 3rd Party VOE as it is missing in file. - Due Diligence Vendor-08/07/2024 |
Ready for Review-Document Uploaded. VOE (3rd party) completed on XXXX which is within guidelines - Seller-08/12/2024 |
Resolved-Resolved- Updated Supporting document 3rd party VOE - Due Diligence Vendor-08/13/2024 Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-08/13/2024 |
XXXX | AL | Investment | Refinance | Cash Out - Other | 2137006 | N/A | N/A | ||||
| XXXX | 5625341 | Closed | 2024-08-17 12:59 | 2024-08-27 17:12 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Ineligible Borrower per program guidelines | Waived-Exception approved - Due Diligence Vendor-08/27/2024 Ready for Review-Comp Factors: 1 - 669 FICO Score - 0 FICO Minimum 2 - .89 DSCR Score - 0 DSCR Minimum 3 - This is a Foreign National Borrower with special guidelines. - Due Diligence Vendor-08/23/2024 Ready for Review-Document Uploaded. - Seller-08/22/2024 Open-Borrower Type ineligible per program guidelines. Borrower's signed to note as a member of business entity, per GL LLC not allowed. - Due Diligence Vendor-08/17/2024 |
Ready for Review-Document Uploaded. - Seller-08/22/2024 |
Waived-Exception approved - Due Diligence Vendor-08/27/2024 |
XXXX | 669 FICO Score - 0 FICO Minimum .89 DSCR Score - 0 DSCR Minimum This is a Foreign National Borrower with special guidelines. |
FL | Investment | Refinance | Cash Out - Other | 2206525 | Originator Post-Close | Yes | |||
| XXXX | 5732451 | Closed | 2024-08-28 19:07 | 2024-09-05 12:58 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-Asset Record 1 Meets G/L Requirements - Due Diligence Vendor-09/05/2024 Open-Asset Record 1 Does Not Meet G/L Requirements - Due Diligence Vendor-09/05/2024 Ready for Review-This is a Foreign National. The money in XXXX account came from the XXXX account. We have the XXXX account which completes the 60 days of asset seasoning. - Seller-09/03/2024 Open-Asset Record 1 Does Not Meet G/L Requirements Current transaction history only includes XXXX. Provide 60 consecutive days of asset verification for the XXXX account or provide an exception - Due Diligence Vendor-08/28/2024 |
Ready for Review-This is a Foreign National. The money in Firstbank US account came from the BBVA international account. We have the May 2024 BBVA account which completes the 60 days of asset seasoning. - Seller-09/03/2024 |
Resolved-Asset Record 1 Meets G/L Requirements - Due Diligence Vendor-09/05/2024 |
CO | Investment | Purchase | NA | 2271737 | N/A | N/A | |||||
| XXXX | 5732451 | Closed | 2024-08-28 19:31 | 2024-09-05 12:40 | Resolved | 1 - Information | B | A | Credit | Doc Issue | Affiliated Business Arrangement Disclosure Statement is Missing | Resolved-ABA received. Finding Resolved - Due Diligence Vendor-09/05/2024 Ready for Review-Document Uploaded. - Seller-09/03/2024 Open-Provide Affiliated Business Arrangement Disclosure - Due Diligence Vendor-08/28/2024 |
Ready for Review-Document Uploaded. - Seller-09/03/2024 |
Resolved-ABA received. Finding Resolved - Due Diligence Vendor-09/05/2024 |
XXXX | CO | Investment | Purchase | NA | 2271953 | N/A | N/A | ||||
| XXXX | 5732451 | Closed | 2024-08-28 19:41 | 2024-09-03 23:35 | Waived | 2 - Non-Material | C | B | Property | Appraisal | Property/Appraisal General | Waived-Exception approved - Due Diligence Vendor-09/03/2024 Ready for Review-XXXXapproves/acknowledges exception. Ok to proceed. - Seller-09/03/2024 Open-Exception Approval on XXXX by XXXX on page 293. Exception Reason: Other- Loan File XXXX Market Overview 43 page 465, GL Requirement Min. 60 - Due Diligence Vendor-08/28/2024 |
Ready for Review-XXXXapproves/acknowledges exception. Ok to proceed. - Seller-09/03/2024 |
Waived-Exception approved - Due Diligence Vendor-09/03/2024 |
Reserves- Loan File 20.97 Months, GL Requirement 6 months | CO | Investment | Purchase | NA | 2272066 | Originator Pre-Close | Yes | ||||
| XXXX | 5839561 | Closed | 2024-08-09 06:23 | 2024-08-19 17:48 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Escrow Waiver is Missing | Resolved- - Due Diligence Vendor-08/19/2024 Ready for Review-Document Uploaded. - Seller-08/15/2024 Counter-Primary residence, please provide actual escrow waiver - Due Diligence Vendor-08/14/2024 Resolved-Using the CD as confirmation of waiver. - Due Diligence Vendor-08/14/2024 Ready for Review-Document Uploaded. Escrow Waiver lox - see page 4 of final CD - Seller-08/12/2024 Open-Request to provide escrow waiver as it is missing in file loan has no escrows - Due Diligence Vendor-08/09/2024 |
Ready for Review-Document Uploaded. - Seller-08/15/2024 Ready for Review-Document Uploaded. Escrow Waiver lox - see page 4 of final CD - Seller-08/12/2024 |
Resolved-Using the CD as confirmation of waiver. - Due Diligence Vendor-08/14/2024 |
XXXX | AZ | Primary Residence | Refinance | Cash Out - Other | 2153108 | N/A | N/A | ||||
| XXXX | 5946671 | Closed | 2024-08-17 10:52 | 2024-08-26 22:29 | Waived | 2 - Non-Material | C | B | Credit | Credit | Credit history does not meet guidelines | Waived-Exception approved - Due Diligence Vendor-08/26/2024 Ready for Review-XXXXapproves exception. Ok to proceed. - Seller-08/22/2024 Open-Exception Approval on XXXX by XXXX on page 442-443. Exception Reason: Consumer Payment History-Loan File 1x60x12, GL Requirement 0x60x12 - Due Diligence Vendor-08/17/2024 |
Ready for Review-XXXXapproves exception. Ok to proceed. - Seller-08/22/2024 |
Waived-Exception approved - Due Diligence Vendor-08/26/2024 |
Credit Score- Loan File 770, GL Requirement Min 700. Residual Income- Loan File $7,608.29, GL Requirement Min $2950. Borrower Housing History - Loan File 0X30X61 months, GL Requirement Min 0X30X12 months. Job Stability - Loan File 6 years, GL Requirement Minimum 2 years |
TN | Investment | Refinance | Cash Out - Other | 2206282 | Originator Pre-Close | Yes | ||||
| XXXX | 5946671 | Closed | 2024-08-22 12:42 | 2024-08-23 15:25 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income/Employment General | Resolved-Updated HOI Policy with an annual premium of $2026.79 received. Finding resolved. - Due Diligence Vendor-08/23/2024 Ready for Review-Document Uploaded. - Seller-08/22/2024 Open-Final 1003 reflects Rent Loas of $-670.43 and calculation of Subject property Loss - 1007 rent $2100 - $525 (25%Vacancy Factor) = Actual rent $1575 - PITIA $2245.43 =$-670.43 rental loss; however, 1008 reflects neg Cash Flow of Subject Property aio $-719.78. The PITIA for the subject property is being affected by the HOI Policy premium amount as indicated in the Escrow Discrepancy Finding. Provide updated 1008. - Due Diligence Vendor-08/22/2024 |
Ready for Review-Document Uploaded. - Seller-08/22/2024 |
Resolved-Updated HOI Policy with an annual premium of $2026.79 received. Finding resolved. - Due Diligence Vendor-08/23/2024 |
XXXX | TN | Investment | Refinance | Cash Out - Other | 2232826 | N/A | N/A | ||||
| XXXX | 5946671 | Closed | 2024-08-17 10:00 | 2024-08-23 15:05 | Resolved | 1 - Information | C | A | Credit | Credit | Escrow information insufficient or has discrepancy | Resolved-Updated HOI Policy received. Finding Resolved - Due Diligence Vendor-08/23/2024 Ready for Review-Document Uploaded. - Seller-08/22/2024 Open-Monthly and Annual HOI amounts do not match between HOI Policy & 1008 vs. Final CD, IEADS & Payment Letter. HOI Policy reflects $2619.13; however, Final CD and IEADS reflect $2026.92. Provide updated HOI policy with correct premium amount iao $2026.92 or updated FInal CD, IEADS and Payment Letter reflecting updated monthly payment iao $218.26 ($2619.13/12) - Due Diligence Vendor-08/17/2024 |
Ready for Review-Document Uploaded. - Seller-08/22/2024 |
Resolved-Updated HOI Policy received. Finding Resolved - Due Diligence Vendor-08/23/2024 |
XXXX | TN | Investment | Refinance | Cash Out - Other | 2206191 | N/A | N/A | ||||
| XXXX | 5946671 | Closed | 2024-08-17 10:14 | 2024-08-23 15:04 | Resolved | 1 - Information | B | A | Credit | Credit | Missing non-subject rental income documentation | Resolved-Supporting documentation for New Primary Purchase (new home) received. Finding Resolved - Due Diligence Vendor-08/23/2024 Ready for Review-Document Uploaded. - Seller-08/22/2024 Open-1003 reflects New Primary Purchase (new home) with a monthly payment iao $4248.51 and it is also reflected on the 1008. Provide supporting documentation. - Due Diligence Vendor-08/17/2024 |
Ready for Review-Document Uploaded. - Seller-08/22/2024 |
Resolved-Supporting documentation for New Primary Purchase (new home) received. Finding Resolved - Due Diligence Vendor-08/23/2024 |
XXXX | TN | Investment | Refinance | Cash Out - Other | 2206232 | N/A | N/A | ||||
| XXXX | 6160891 | Closed | 2024-08-19 11:59 | 2024-08-26 22:43 | Waived | 2 - Non-Material | C | B | Credit | Credit | Tradeline minimum has not met guidelines | Waived-Exception Approved - Due Diligence Vendor-08/26/2024 Ready for Review-XXXXapproves exception. Ok to proceed. - Seller-08/22/2024 Open-Consumer Payment History Loan file requirement is 1X60X12, guideline requirement is 0X60X12 months Borrower Consumer Payment History is 1X60X12 months. Consumer Payment required per guidelines is 0X60X12 months. The exception is on page 478 for the credit history. - Due Diligence Vendor-08/19/2024 |
Ready for Review-XXXXapproves exception. Ok to proceed. - Seller-08/22/2024 |
Waived-Exception Approved - Due Diligence Vendor-08/26/2024 |
Comp Factors: 1- 46.22% DTI - 50% is Maximum 2- 770 FICO Score - 680 FICO score is the minimum |
TN | Primary Residence | Purchase | NA | 2210595 | Originator Pre-Close | Yes | ||||
| XXXX | 6160891 | Closed | 2024-08-22 16:37 | 2024-08-26 16:27 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-the cash shortage has been resolved. - Due Diligence Vendor-08/26/2024 Ready for Review-Document Uploaded. Not a sale but a cash out. That's the other XXXX file we have. Closing CD attached. - Seller-08/22/2024 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 6 month(s) The cash that was verified is less than the required amount for down payment, plus the 6 months reserves. The cash that was verified was only $10 ,000. We are missing the CD for the sale of the property. The Asset worksheet shows $XXXX from the sale of property. - Due Diligence Vendor-08/22/2024 |
Ready for Review-Document Uploaded. Not a sale but a cash out. That's the other Hunter file we have. Closing CD attached. - Seller-08/22/2024 |
Resolved-the cash shortage has been resolved. - Due Diligence Vendor-08/26/2024 |
XXXX | TN | Primary Residence | Purchase | NA | 2235427 | N/A | N/A | ||||
| XXXX | 6268001 | Closed | 2024-09-10 17:31 | 2024-09-12 12:42 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing Required for Securitizations | Resolved-received CU pre close - resolved - Due Diligence Vendor-09/12/2024 Ready for Review-Document Uploaded. - Seller-09/11/2024 Open-Second Appraisal/ Valuation is Missing Required for Securitizations - Due Diligence Vendor-09/10/2024 |
Ready for Review-Document Uploaded. - Seller-09/11/2024 |
Resolved-received CU pre close - resolved - Due Diligence Vendor-09/12/2024 |
XXXX | CO | Investment | Purchase | NA | 2344687 | N/A | N/A | ||||
| XXXX | 6268001 | Closed | 2024-09-10 11:58 | 2024-09-12 06:40 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lease Agreement | Resolved-Resolved- Updated Supporting document Lease agreement shows Month to Month. - Due Diligence Vendor-09/12/2024 Ready for Review-Document Uploaded. 9/11/24 - XXXX - Uploaded lease which indicates that after the initial term, it automatically converts to a month-to-month term. - Seller-09/11/2024 Open-Required Updated Lease agreement provided Lease Agreement Expired on XXXX with Rent $XXXX, As per DSCR Loan Sizer Rent used for DSCR is $XXXX. - Due Diligence Vendor-09/10/2024 |
Ready for Review-Document Uploaded. 9/11/24 - XXXX - Uploaded lease which indicates that after the initial term, it automatically converts to a month-to-month term. - Seller-09/11/2024 |
Resolved-Resolved- Updated Supporting document Lease agreement shows Month to Month. - Due Diligence Vendor-09/12/2024 |
XXXX | CO | Investment | Purchase | NA | 2340772 | N/A | N/A | ||||
| XXXX | 6375111 | Closed | 2024-09-10 16:34 | 2024-10-04 23:06 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Document Uploaded. - Due Diligence Vendor-10/04/2024 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-09/12/2024 Ready for Review-Document Uploaded. - Seller-09/11/2024 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Need Desk Review - Due Diligence Vendor-09/10/2024 |
Ready for Review-Document Uploaded. - Seller-09/11/2024 |
Resolved-Document Uploaded. - Due Diligence Vendor-10/04/2024 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-09/12/2024 |
XXXX | TX | Investment | Refinance | No Cash Out - Borrower Initiated | 2343995 | N/A | N/A | ||||
| XXXX | 6375111 | Closed | 2024-09-10 16:31 | 2024-09-13 12:55 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-09/13/2024 Ready for Review-Document Uploaded. 9/12/24 - XXXX - Uploaded front and back of green card and I-97 form for extension. - Seller-09/12/2024 Open-Borrower 1 Non-US Citizen Identification Document Missing. Please provide acceptable documentation. - Due Diligence Vendor-09/10/2024 |
Ready for Review-Document Uploaded. 9/12/24 - XXXX - Uploaded front and back of green card and I-97 form for extension. - Seller-09/12/2024 |
Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-09/13/2024 |
XXXX | TX | Investment | Refinance | No Cash Out - Borrower Initiated | 2343944 | N/A | N/A | ||||
| XXXX | 6482221 | Closed | 2024-09-08 03:07 | 2024-09-13 07:57 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing Required for Securitizations | Resolved-CDA document provided. - Due Diligence Vendor-09/13/2024 Ready for Review-Document Uploaded. - Seller-09/12/2024 Open-Second Appraisal/ Valuation is Missing Required for Securitizations Missing Second Appraisal for Securitization Purpose. - Due Diligence Vendor-09/08/2024 |
Ready for Review-Document Uploaded. - Seller-09/12/2024 |
Resolved-CDA document provided. - Due Diligence Vendor-09/13/2024 |
XXXX | NC | Investment | Refinance | Cash Out - Other | 2328656 | N/A | N/A | ||||
| XXXX | 6482221 | Closed | 2024-09-08 03:06 | 2024-09-13 07:56 | Resolved | 1 - Information | D | A | Property | Missing Doc | Appraisal is Missing | Resolved-Appraisal is Present or is Waived - Due Diligence Vendor-09/11/2024 Ready for Review-Document Uploaded. - Seller-09/11/2024 Open-Appraisal is Missing Missing Appraisal in File. - Due Diligence Vendor-09/08/2024 |
Ready for Review-Document Uploaded. - Seller-09/11/2024 |
Resolved-Appraisal is Present or is Waived - Due Diligence Vendor-09/11/2024 |
XXXX | NC | Investment | Refinance | Cash Out - Other | 2328653 | N/A | N/A | ||||
| XXXX | 6589331 | Closed | 2024-09-06 13:22 | 2024-09-10 09:19 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing Required for Securitizations | Resolved-XXXX SSR document provided. - Due Diligence Vendor-09/10/2024 Ready for Review-Document Uploaded. - Seller-09/09/2024 Open-Second Appraisal/ Valuation is Missing Required for Securitizations - Due Diligence Vendor-09/06/2024 |
Ready for Review-Document Uploaded. - Seller-09/09/2024 |
Resolved-XXXX SSR document provided. - Due Diligence Vendor-09/10/2024 |
XXXX | OH | Investment | Refinance | Cash Out - Other | 2320841 | N/A | N/A | ||||
| XXXX | 6696441 | Closed | 2024-09-08 05:14 | 2024-09-24 12:17 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Audited Reserves of 2.76 month(s) are less than Guideline Required Reserves of 4 month. - Due Diligence Vendor-09/24/2024 Ready for Review-Document Uploaded. 9/23/24 - XXXX - Uploaded Credit Memo with three compensating factors as requested. - Seller-09/23/2024 Counter-Hi, the authority approval is fine, we just need a documented exception form with the comp factors. I see one actual comp factor on the credit memo. We would need two more comp factors as well. - Due Diligence Vendor-09/17/2024 Ready for Review-Document Uploaded. 9/16/24 - XXXX - Please refer to the uploaded Underwriting Authority Matrix which shows that level 2 underwriters have the authority to grant a reserve shortage up to $XXXX. Since this shortage is less than XXXX, the underwriter's exception is within guidelines. - Seller-09/16/2024 Counter-We will need an exception form signed by the UW management team for the shortage exception. - Due Diligence Vendor-09/16/2024 Ready for Review-Document Uploaded. 9/13/24 - XXXX - Per the following transaction histories which have been uploaded, verified funds are $XXXX: XXXX $XXXX + XXXX $XXXX + XXXX + XXXX = $XXXX For the account(s) in the name of XXXX, please refer to the entity agreement and authorization letter enabling those funds to be used to qualify. Funds required to close and for reserves are $XXXX which creates a shortage of $XXXX. Per the uploaded Credit Memo, the UW approved the shortage. - Seller-09/13/2024 Counter-Asset documents in file does not meet Reserve requirements of 4 months. Please advise. We have 2.74 months. - Due Diligence Vendor-09/13/2024 Ready for Review-Document Uploaded. 9/10/24 - XXXX - Per the UW Loan Sizer, required funds are $XXXX which includes $XXXX reserves. Verified funds are $XXXX; therefore enough funds are verified. Uploaded all bank statements, transaction histories, supporting documentation. - Seller-09/11/2024 Open-Audited Reserves of 2.76 month(s) are less than Guideline Required Reserves of 4 month(s) As per Matrix Minimum reserves is 4 months but as per loan we have 2.74. - Due Diligence Vendor-09/08/2024 |
Ready for Review-Document Uploaded. 9/23/24 - XXXX - Uploaded Credit Memo with three compensating factors as requested. - Seller-09/23/2024 Ready for Review-Document Uploaded. 9/16/24 - XXXX - Please refer to the uploaded Underwriting Authority Matrix which shows that level 2 underwriters have the authority to grant a reserve shortage up to $XXXX. Since this shortage is less than XXXX, the underwriter's exception is within guidelines. - Seller-09/16/2024 Ready for Review-Document Uploaded. 9/13/24 - XXXX - Per the following transaction histories which have been uploaded, verified funds are $XXXX: XXXX + XXXX + XXXX + XXXX = $XXXX For the account(s) in the name of XXXX, please refer to the entity agreement and authorization letter enabling those funds to be used to qualify. Funds required to close and for reserves are $XXXX which creates a shortage of $XXXX. Per the uploaded Credit Memo, the UW approved the shortage. - Seller-09/13/2024 Ready for Review-Document Uploaded. 9/10/24 - XXXX - Per the UW Loan Sizer, required funds are $XXXX which includes $XXXX for reserves. Verified funds are $XXXX; therefore enough funds are verified. Uploaded all bank statements, transaction histories, supporting documentation. - Seller-09/11/2024 |
Waived-Audited Reserves of 2.76 month(s) are less than Guideline Required Reserves of 4 month. - Due Diligence Vendor-09/24/2024 |
XXXX | 1. LTV of 70%. 2. Owns primary residence which has $161,000+ in equity. 3. Has a positive cash flow of $200 per month based on ITIA. |
TX | Investment | Purchase | NA | 2328755 | Originator Post-Close | N/A | |||
| XXXX | 6696441 | Closed | 2024-09-08 04:46 | 2024-09-13 07:41 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing Required for Securitizations | Resolved-CDA document provided. - Due Diligence Vendor-09/13/2024 Ready for Review-CDA document provided. - Due Diligence Vendor-09/13/2024 Ready for Review-Document Uploaded. - Seller-09/12/2024 Open-Second Appraisal/ Valuation is Missing Required for Securitizations Missing Second Appraisal for Securitization Purpose. - Due Diligence Vendor-09/08/2024 |
Ready for Review-Document Uploaded. - Seller-09/12/2024 |
Resolved-CDA document provided. - Due Diligence Vendor-09/13/2024 |
XXXX | TX | Investment | Purchase | NA | 2328733 | N/A | N/A | ||||
| XXXX | 6803551 | Closed | 2024-09-06 04:30 | 2024-09-10 07:49 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Secondary Valuation or Additional Valuation uploaded, verified & entered in System - Resolved. - Due Diligence Vendor-09/10/2024 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-09/10/2024 Ready for Review-Document Uploaded. - Seller-09/10/2024 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 As per guidelines Required Secondary Valuation Requested You to Provided Secondary Valuation, as per Loan Documents only 1004 Present in File. - Due Diligence Vendor-09/06/2024 |
Ready for Review-Document Uploaded. - Seller-09/10/2024 |
Resolved-Secondary Valuation or Additional Valuation uploaded, verified & entered in System - Resolved. - Due Diligence Vendor-09/10/2024 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-09/10/2024 |
XXXX | NC | Investment | Refinance | Cash Out - Other | 2318888 | N/A | N/A | ||||
| XXXX | 7017771 | Closed | 2024-11-25 04:28 | 2024-12-05 15:21 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-12/04/2024 Ready for Review-Document Uploaded. XXXX SSR - Seller-12/02/2024 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Secondary Valuation or Additional Valuation is missing in loan file - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. XXXX SSR - Seller-12/02/2024 |
Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-12/04/2024 |
XXXX | FL | Primary Residence | Purchase | NA | 2873589 | N/A | N/A | ||||
| XXXX | 7017771 | Closed | 2024-11-25 04:20 | 2024-12-04 13:01 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-12/04/2024 Ready for Review-Document Uploaded. Gap Credit - Seller-12/03/2024 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. Gap Credit - Seller-12/03/2024 |
Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-12/04/2024 |
XXXX | FL | Primary Residence | Purchase | NA | 2873560 | N/A | N/A | ||||
| XXXX | 7017771 | Closed | 2024-11-25 09:51 | 2024-12-04 13:01 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-12/04/2024 Resolved-Current lease and resident ledger beginning in 2016 provided for verification. - Due Diligence Vendor-12/04/2024 Ready for Review-Document Uploaded. VOR - Seller-12/02/2024 Open-Housing History Does Not Meet Guideline Requirements no proof of document or LOX in file to verify Primary Mortgage or Rent Months Reviewed. only lease agreement pg 302 is provided Based on guidelines rent free is not allowed need housing history of 0x30x24 - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. VOR - Seller-12/02/2024 |
Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-12/04/2024 Resolved-Current lease and resident ledger beginning in 2016 provided for verification. - Due Diligence Vendor-12/04/2024 |
XXXX | FL | Primary Residence | Purchase | NA | 2874195 | N/A | N/A | ||||
| XXXX | 7017771 | Closed | 2024-11-27 19:16 | 2024-12-03 14:55 | Resolved | 1 - Information | C | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA | Resolved-Document Uploaded. PDI shows free and clear. - Due Diligence Vendor-12/03/2024 Ready for Review-Document Uploaded. UW Rebuttal - Appraisal was done after the incident date - Seller-12/02/2024 Open-Property potentially affected by FEMA Disaster ID XXXX - Declared XXXX with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. - Due Diligence Vendor-11/27/2024 |
Ready for Review-Document Uploaded. UW Rebuttal - Appraisal was done after the incident date - Seller-12/02/2024 |
Resolved-Document Uploaded. PDI shows free and clear. - Due Diligence Vendor-12/03/2024 |
XXXX | FL | Primary Residence | Purchase | NA | 2898300 | N/A | N/A | ||||
| XXXX | 7017771 | Closed | 2024-11-25 09:55 | 2024-12-02 06:24 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Lender Approval Form uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-12/02/2024 Ready for Review-Document Uploaded. Loan Approval - Seller-11/27/2024 Open-Approval document is missing in file - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. Loan Approval - Seller-11/27/2024 |
Resolved-Lender Approval Form uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-12/02/2024 |
XXXX | FL | Primary Residence | Purchase | NA | 2874217 | N/A | N/A | ||||
| XXXX | 7017771 | Closed | 2024-11-25 09:19 | 2024-11-25 10:01 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.482%) APR equals or exceeds the Federal HPML threshold of (7.9%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.4%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s 300 and the Final Closing disclosure on Pg#’s 187, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s 428. An interior and exterior appraisal was completed for this property – see pg 23-58, the appraisal disclosure was provided to the borrower(s)- see Pg#’s 21-22, and confirmation the appraisal was delivered to the borrower – see Pg#’s 21-22. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-11/25/2024 |
Resolved-The loan's (9.482%) APR equals or exceeds the Federal HPML threshold of (7.9%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.4%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s 300 and the Final Closing disclosure on Pg#’s 187, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s 428. An interior and exterior appraisal was completed for this property – see pg 23-58, the appraisal disclosure was provided to the borrower(s)- see Pg#’s 21-22, and confirmation the appraisal was delivered to the borrower – see Pg#’s 21-22. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-11/25/2024 |
FL | Primary Residence | Purchase | NA | 2874141 | N/A | N/A | ||||||
| XXXX | 7124881 | Closed | 2024-12-04 08:32 | 2024-12-11 18:33 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-12/11/2024 Resolved-Resolved-Fraud report with alerts cleared provided. - Due Diligence Vendor-12/11/2024 Ready for Review-Document Uploaded. Cleared Alerts - Seller-12/09/2024 Open-Fraud Report Shows Uncleared Alerts - Due Diligence Vendor-12/04/2024 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-12/09/2024 |
Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-12/11/2024 Resolved-Resolved-Fraud report with alerts cleared provided. - Due Diligence Vendor-12/11/2024 |
XXXX | UT | Primary Residence | Purchase | NA | 2925234 | N/A | N/A | ||||
| XXXX | 7124881 | Closed | 2024-12-04 06:50 | 2024-12-11 18:31 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-The Final 1003 is Present - Due Diligence Vendor-12/11/2024 Ready for Review-Document Uploaded. 1003 - Seller-12/09/2024 Open-The Final 1003 is Incomplete Years in job (6.07) > Years in Industry (5). Provide an updated 1003 with correct information. - Due Diligence Vendor-12/04/2024 |
Ready for Review-Document Uploaded. 1003 - Seller-12/09/2024 |
Resolved-The Final 1003 is Present - Due Diligence Vendor-12/11/2024 |
XXXX | UT | Primary Residence | Purchase | NA | 2924833 | N/A | N/A | ||||
| XXXX | 7339101 | Closed | 2024-12-03 04:53 | 2024-12-10 14:14 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-12/10/2024 Ready for Review-Document Uploaded. XXXX - Seller-12/06/2024 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Provide secondary valuation document as it is missing on file. - Due Diligence Vendor-12/03/2024 |
Ready for Review-Document Uploaded. XXXX SSR - Seller-12/06/2024 |
Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-12/10/2024 |
XXXX | CO | Primary Residence | Purchase | NA | 2915338 | N/A | N/A | ||||
| XXXX | 7446211 | Closed | 2024-12-02 08:52 | 2024-12-06 19:19 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-12/06/2024 Ready for Review-Document Uploaded. XXXX - Seller-12/04/2024 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Provide Secondary Valuation or Additional Valuation. - Due Diligence Vendor-12/02/2024 |
Ready for Review-Document Uploaded. XXXX SSR - Seller-12/04/2024 |
Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-12/06/2024 |
XXXX | CA | Investment | Refinance | Cash Out - Other | 2904139 | N/A | N/A | ||||
| XXXX | 7553321 | Closed | 2024-12-05 22:49 | 2024-12-11 01:27 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Resolved-Resolved-Proof of funds wired provided - Due Diligence Vendor-12/10/2024 Resolved-Asset Record 2 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-12/10/2024 Ready for Review-Document Uploaded. Final funds attached. Noted at the bottom with XXXX - Seller-12/06/2024 Open-Asset Record 2 Does Not Meet G/L Requirements Proof of receipt of $XXXX Proceeds from Sale required. - Due Diligence Vendor-12/05/2024 |
Ready for Review-Document Uploaded. Final funds attached. Noted at the bottom with Divorce Funds - Seller-12/06/2024 |
Resolved-Resolved-Proof of funds wired provided - Due Diligence Vendor-12/10/2024 Resolved-Asset Record 2 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-12/10/2024 |
XXXX | GA | Primary Residence | Purchase | NA | 2944654 | N/A | N/A | ||||
| XXXX | 7553321 | Closed | 2024-12-03 05:00 | 2024-12-11 01:27 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg.’s 315, and the Final Closing disclosure on Pg.’s 143, Finding reflects escrows. Rate lock date was entered correctly – see Pg.’s 110, 406,322 . An interior and exterior appraisal was completed for this property – see pg.34, the appraisal disclosure was provided to the borrower(s) pg's 258, 31 and confirmation the appraisal was delivered to the borrower – see Pg.’s 195. The loan meets HPML guidelines.. - Due Diligence Vendor-12/11/2024 Resolved-The loan's (8.322%) APR equals or exceeds the Federal HPML threshold of (8.28%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.78%).(12 CFR 1026.35(a)(1)(i)) TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg.’s 315, and the Final Closing disclosure on Pg.’s 143, Finding reflects escrows. Rate lock date was entered correctly – see Pg.’s 110, 406,322 . An interior and exterior appraisal was completed for this property – see pg.34, the appraisal disclosure was provided to the borrower(s) pg's 258, 31 and confirmation the appraisal was delivered to the borrower – see Pg.’s 195. The loan meets HPML guidelines.. - Due Diligence Vendor-12/03/2024 |
Resolved-TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg.’s 315, and the Final Closing disclosure on Pg.’s 143, Finding reflects escrows. Rate lock date was entered correctly – see Pg.’s 110, 406,322 . An interior and exterior appraisal was completed for this property – see pg.34, the appraisal disclosure was provided to the borrower(s) pg's 258, 31 and confirmation the appraisal was delivered to the borrower – see Pg.’s 195. The loan meets HPML guidelines.. - Due Diligence Vendor-12/11/2024 Resolved-The loan's (8.322%) APR equals or exceeds the Federal HPML threshold of (8.28%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.78%).(12 CFR 1026.35(a)(1)(i)) TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg.’s 315, and the Final Closing disclosure on Pg.’s 143, Finding reflects escrows. Rate lock date was entered correctly – see Pg.’s 110, 406,322 . An interior and exterior appraisal was completed for this property – see pg.34, the appraisal disclosure was provided to the borrower(s) pg's 258, 31 and confirmation the appraisal was delivered to the borrower – see Pg.’s 195. The loan meets HPML guidelines.. - Due Diligence Vendor-12/03/2024 |
GA | Primary Residence | Purchase | NA | 2915354 | N/A | N/A | ||||||
| XXXX | 7553321 | Closed | 2024-12-03 05:00 | 2024-12-11 01:27 | Resolved | 1 - Information | A | A | Compliance | Mavent | License: Loan Originator | Resolved-Resolved-Relationship between Broker and Broker Company verified in NMLS. - Due Diligence Vendor-12/11/2024 Resolved-A relationship between XXXX (NMLS ID: XXXX) and the company (Company NMLS ID: XXXX) does not exist in the NMLS Consumer Access as of XXXX. However, other relationship(s) were found in the NMLS Consumer Access for this individual and may be found in the NMLS Info section. Resolved-Relationship between Broker and Broker Company verified in NMLS. - Due Diligence Vendor-12/03/2024 |
Resolved-Resolved-Relationship between Broker and Broker Company verified in NMLS. - Due Diligence Vendor-12/11/2024 Resolved-A relationship between XXXX) and the company (Company NMLS ID: XXXX) does not exist in the NMLS Consumer Access as of XXXX However, other relationship(s) were found in the NMLS Consumer Access for this individual and may be found in the NMLS Info section. Resolved-Relationship between Broker and Broker Company verified in NMLS. - Due Diligence Vendor-12/03/2024 |
GA | Primary Residence | Purchase | NA | 2915355 | N/A | N/A | ||||||
| XXXX | 7660431 | Closed | 2024-12-04 12:42 | 2024-12-12 16:09 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Borrower 1 Business Tax Returns Less Than 24 Months Provided | Resolved-resolved-K1, W2 and 1120s used for income calculation. - Due Diligence Vendor-12/12/2024 Ready for Review-Document Uploaded. UW Rebuttal - the guide allows us to use 12 mo or 24 mo. The business has been open for over 24 mo, evidenced on his 2023 tax return - Seller-12/10/2024 Open-Borrower 1 Business Tax Returns Less Than 24 Months Provided Provided Only 12 Months Business Tax Returns, Provide 24 Months Business Tax Returns. - Due Diligence Vendor-12/04/2024 |
Ready for Review-Document Uploaded. UW Rebuttal - the guide allows us to use 12 mo or 24 mo. The business has been open for over 24 mo, evidenced on his 2023 tax return - Seller-12/10/2024 |
Resolved-resolved-K1, W2 and 1120s used for income calculation. - Due Diligence Vendor-12/12/2024 |
XXXX | CA | Investment | Refinance | Cash Out - Other | 2926101 | N/A | N/A | ||||
| XXXX | 7767541 | Closed | 2024-12-06 17:58 | 2024-12-13 15:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-12/13/2024 Ready for Review-Document Uploaded. Cleared Alerts - Seller-12/11/2024 Open-Fraud Report Shows Uncleared Alerts Fraud report p. 655 shows uncleared Alerts. - Due Diligence Vendor-12/06/2024 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-12/11/2024 |
Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-12/13/2024 |
XXXX | CA | Primary Residence | Refinance | Cash Out - Other | 2951156 | N/A | N/A | ||||
| XXXX | 7767541 | Closed | 2024-12-06 17:46 | 2024-12-13 15:53 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-12/13/2024 Ready for Review-XXXX SSR provided - Due Diligence Vendor-12/13/2024 Ready for Review-Document Uploaded. XXXX - Seller-12/11/2024 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Secondary Valuation is missing from file. - Due Diligence Vendor-12/06/2024 |
Ready for Review-Document Uploaded. XXXX SSR - Seller-12/11/2024 |
Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-12/13/2024 |
XXXX | CA | Primary Residence | Refinance | Cash Out - Other | 2951021 | N/A | N/A | ||||
| XXXX | 7874651 | Closed | 2024-12-12 18:24 | 2024-12-18 17:24 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-12/18/2024 Ready for Review-Document Uploaded. Final Title Policy - Seller-12/17/2024 Counter-Loan amount is XXXX this is showing for XXXX - Due Diligence Vendor-12/16/2024 Ready for Review-Document Uploaded. Title Coverage - Seller-12/13/2024 Open-Title Coverage Amount of $0 is Less than Loan Amount - Due Diligence Vendor-12/12/2024 |
Ready for Review-Document Uploaded. Final Title Policy - Seller-12/17/2024 Ready for Review-Document Uploaded. Title Coverage - Seller-12/13/2024 |
Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-12/18/2024 |
XXXX | ID | Investment | Refinance | Cash Out - Other | 2994016 | N/A | N/A | ||||
| XXXX | 7874651 | Closed | 2024-12-12 18:55 | 2024-12-16 23:28 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-12/16/2024 Ready for Review-Document Uploaded. Settlement Stmt pgs 1-6 - Seller-12/13/2024 Open-Only have 3 of 6 pages of final hud - Due Diligence Vendor-12/12/2024 |
Ready for Review-Document Uploaded. Settlement Stmt pgs 1-6 - Seller-12/13/2024 |
Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-12/16/2024 |
XXXX | ID | Investment | Refinance | Cash Out - Other | 2994469 | N/A | N/A | ||||
| XXXX | 7981761 | Closed | 2024-12-13 07:23 | 2024-12-19 14:28 | Resolved | 1 - Information | C | A | Credit | Credit | DSCR unknown | Resolved-Client agrees with our calculation - resolved - Due Diligence Vendor-12/19/2024 Ready for Review-Document Uploaded. UW Response: we accept XXXX DSCR calculation - Seller-12/17/2024 Open-Our calculated DSCR is 1.885 and lender DSCR is 1.030. The variance is due to the difference in P&I amount. Per Note, IEAD, Payment letter, P&I amount is $XXXX whereas per lender worksheet it is $XXXX - Due Diligence Vendor-12/13/2024 |
Ready for Review-Document Uploaded. UW Response: we accept XXXX DSCR calculation - Seller-12/17/2024 |
Resolved-Client agrees with our calculation - resolved - Due Diligence Vendor-12/19/2024 |
XXXX | HI | Investment | Refinance | Cash Out - Other | 2998887 | N/A | N/A | ||||
| XXXX | 7981761 | Closed | 2024-12-13 07:09 | 2024-12-19 14:26 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-12/19/2024 Ready for Review-Document Uploaded. Cleared Alerts - Seller-12/17/2024 Open-Fraud Report Shows Uncleared Alerts - Due Diligence Vendor-12/13/2024 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-12/17/2024 |
Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-12/19/2024 |
XXXX | HI | Investment | Refinance | Cash Out - Other | 2998860 | N/A | N/A | ||||
| XXXX | 7981761 | Closed | 2024-12-13 04:24 | 2024-12-16 07:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-1008 Document uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-12/16/2024 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-12/16/2024 Ready for Review-Document Uploaded. 1008 - Seller-12/13/2024 Open-The 1008 document is missing from the loan file. - Due Diligence Vendor-12/13/2024 |
Ready for Review-Document Uploaded. 1008 - Seller-12/13/2024 |
Resolved-1008 Document uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-12/16/2024 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-12/16/2024 |
XXXX | HI | Investment | Refinance | Cash Out - Other | 2998615 | N/A | N/A | ||||
| XXXX | 8195981 | Closed | 2024-12-15 17:37 | 2024-12-19 13:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Income Calculator provided. Finding Resolved. - Due Diligence Vendor-12/19/2024 Ready for Review-Document Uploaded. Income worksheet - Seller-12/18/2024 Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Provide Lender Income Calculation Worksheet(s), as it is missing from the file. Total Income calculated was $XXXX as a bank statement program. - Due Diligence Vendor-12/15/2024 |
Ready for Review-Document Uploaded. Income worksheet - Seller-12/18/2024 |
Resolved-Income Calculator provided. Finding Resolved. - Due Diligence Vendor-12/19/2024 |
XXXX | CA | Primary Residence | Refinance | Cash Out - Other | 3008522 | N/A | N/A | ||||
| XXXX | 8195981 | Closed | 2024-12-15 19:26 | 2024-12-16 16:13 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | California - Higher Priced Mortgage Loan (First Lien 06/2013)(Conforming) | Resolved-This is a California Higher-Priced Mortgage Loan (HPML). The loan's APR of (8.107%) equals or exceeds the California HPML threshold of (8.09%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (6.59%).(Cal. Fin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg.’s 800, and the Final Closing disclosure on Pg.’s 678, Finding reflects escrows. Rate lock date was entered correctly – see Pg.’s 890,807,675. An interior and exterior appraisal was completed for this property – see pg.22, the appraisal disclosure was provided to the borrower(s) and confirmation the appraisal was delivered to the borrower – see Pg.’s 53,54. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/15/2024 |
Resolved-This is a California Higher-Priced Mortgage Loan (HPML). The loan's APR of (8.107%) equals or exceeds the California HPML threshold of (8.09%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (6.59%).(Cal. Fin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg.’s 800, and the Final Closing disclosure on Pg.’s 678, Finding reflects escrows. Rate lock date was entered correctly – see Pg.’s 890,807,675. An interior and exterior appraisal was completed for this property – see pg.22, the appraisal disclosure was provided to the borrower(s) and confirmation the appraisal was delivered to the borrower – see Pg.’s 53,54. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/15/2024 |
CA | Primary Residence | Refinance | Cash Out - Other | 3008593 | N/A | N/A | ||||||
| XXXX | 8195981 | Closed | 2024-12-15 19:26 | 2024-12-16 16:13 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (8.107%) APR equals or exceeds the Federal HPML threshold of (8.09%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.59%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg.’s 800, and the Final Closing disclosure on Pg.’s 678, Finding reflects escrows. Rate lock date was entered correctly – see Pg.’s 890,807,675. An interior and exterior appraisal was completed for this property – see pg.22, the appraisal disclosure was provided to the borrower(s) and confirmation the appraisal was delivered to the borrower – see Pg.’s 53,54. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/15/2024 |
Resolved-The loan's (8.107%) APR equals or exceeds the Federal HPML threshold of (8.09%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.59%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg.’s 800, and the Final Closing disclosure on Pg.’s 678, Finding reflects escrows. Rate lock date was entered correctly – see Pg.’s 890,807,675. An interior and exterior appraisal was completed for this property – see pg.22, the appraisal disclosure was provided to the borrower(s) and confirmation the appraisal was delivered to the borrower – see Pg.’s 53,54. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-12/15/2024 |
CA | Primary Residence | Refinance | Cash Out - Other | 3008594 | N/A | N/A | ||||||
| XXXX | 8303091 | Closed | 2024-12-15 06:59 | 2024-12-19 12:30 | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Insufficient Change of Circumstance (50001252) | Resolved-Resolved - Due Diligence Vendor-12/19/2024 Ready for Review-Document Uploaded. COC/CD XXXX for appraisal fee - Seller-12/17/2024 Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Appraisal Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Appraisal Fee was increased from initial CD ($565) to final CD ($700), however there is no COC on file. Provide a valid COC or sufficient lender credits to cure this. - Due Diligence Vendor-12/15/2024 |
Ready for Review-Document Uploaded. COC/CD XXXX for appraisal fee - Seller-12/17/2024 |
Resolved-Resolved - Due Diligence Vendor-12/19/2024 |
XXXX | VA | Primary Residence | Purchase | NA | 3008203 | N/A | N/A | ||||
| XXXX | 8303091 | Closed | 2024-12-15 06:00 | 2024-12-19 12:28 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-12/19/2024 Ready for Review-Document Uploaded. Cleared Alerts - Seller-12/17/2024 Open-Fraud Report Shows Uncleared Alerts - Due Diligence Vendor-12/15/2024 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-12/17/2024 |
Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-12/19/2024 |
XXXX | VA | Primary Residence | Purchase | NA | 3008176 | N/A | N/A | ||||
| XXXX | 8410201 | Closed | 2024-12-16 11:08 | 2024-12-18 14:19 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-All Fraud Report Alerts have been cleared. System updated. - Due Diligence Vendor-12/18/2024 Ready for Review-Document Uploaded. Cleared Alerts - Seller-12/17/2024 Open-Fraud Report Shows Uncleared Alerts The CoreLogic LoanSafe Alerts Summary shows one uncleared High Alert on page 6of6 of the document. - Due Diligence Vendor-12/16/2024 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-12/17/2024 |
Resolved-All Fraud Report Alerts have been cleared. System updated. - Due Diligence Vendor-12/18/2024 |
XXXX | TX | Primary Residence | Purchase | NA | 3009651 | N/A | N/A | ||||
| XXXX | 8410201 | Closed | 2024-12-16 12:23 | 2024-12-16 20:23 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.595%) APR equals or exceeds the Federal HPML threshold of (8.38%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.88%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s 429 and the Final Closing disclosure on Pg#’s 231-235 reflects escrows. Rate lock date was entered correctly – see Pg#’s 448. An interior and exterior appraisal was completed for this property – see pg 33-56, the appraisal disclosure was provided to the borrower(s)- see Pg#’s 31,32 and copy of the appraisal was given to the borrower – see Pg#’s 31, 32 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-12/16/2024 |
Resolved-The loan's (9.595%) APR equals or exceeds the Federal HPML threshold of (8.38%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.88%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s 429 and the Final Closing disclosure on Pg#’s 231-235 reflects escrows. Rate lock date was entered correctly – see Pg#’s 448. An interior and exterior appraisal was completed for this property – see pg 33-56, the appraisal disclosure was provided to the borrower(s)- see Pg#’s 31,32 and copy of the appraisal was given to the borrower – see Pg#’s 31, 32 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-12/16/2024 |
TX | Primary Residence | Purchase | NA | 3009952 | N/A | N/A |