Exhibit 99.3
Exception Grades
| SitusAMC Loan ID | Loan ID | Seller Loan ID | Investor Loan Number | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | 15E Category | Exception | Exception Detail | Exception Information | Compensating Factors | Compensating Factor Information | Applying Party | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Exception Level Grade | DBRS Initial Exception Rating | DBRS Final Exception Rating | Fitch Initial Exception Rating | Fitch Final Exception Rating | Kroll Initial Exception Rating | Kroll Final Exception Rating | Moody's Initial Exception Rating | Moody's Final Exception Rating | S&P Initial Exception Rating | S&P Final Exception Rating | Note Date | Property State | Occupancy | Purpose | Exception Remediation | Overall Initial Loan Grade |
Overall Final Loan Grade |
Credit Initial Loan Grade |
Credit Final Loan Grade |
Compliance Initial Loan Grade |
Compliance Final Loan Grade |
Property Initial Loan Grade |
Property Final Loan Grade |
Originator QM ATR Status | TPR QM ATR Status | Is Curable |
| 20250572 | 33294602 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Reviewer Comment (2025-02-28): Condo questionnaire associated & exception cleared. Buyer Comment (2025-02-26): Questionnaire supporting warrantability was included in the initial shipping package and is located in your portal under doc ID [Redacted]. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||||
| 20250572 | 33294603 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redacted] | SitusAMC | Reviewer Comment (2025-02-27): Client elects to waive with inspection prior to end date. Reviewer Comment (2025-02-27): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Most Recent Valuation Inspection Date: [Redacted] Disaster End Date: [Redacted] Disaster Name: WILDFIRES AND STRAIGHT-LINE WINDS Disaster Declaration Date: [Redacted] Buyer Comment (2025-02-26): CDAIR was included in the initial shipping package and is located in your portal under doc ID [Redacted]. |
02/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| 20250572 | 33294604 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | [Redacted] months required reserves not provided in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Property inspected post disaster but pre-FEMA declaration of disaster end date. |
Same industry for more than [Redacted] years. Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-02-28): Client elects to waive with comp factors to allow use of [Redacted]months. Reviewer Comment (2025-02-28): Please provide additional fund to meet the requirement. Exception remains. Buyer Comment (2025-02-27): Submitted updated [Redacted]acknowledging [Redacted] months reserves with Comp Factors for review. |
02/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| 20250572 | 33294605 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | [Redacted] months required reserves not provided in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Property inspected post disaster but pre-FEMA declaration of disaster end date. |
Same industry for more than [Redacted] years. Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-02-28): Client elects to waive with comp factors to allow use of [Redacted] months. Reviewer Comment (2025-02-28): EXCEPTION HISTORY - Exception Explanation was updated on[Redacted] PRIOR Exception Explanation: Calculated PITIA months reserves of [Redacted] is less than Guideline PITIA months reserves of [Redacted]. Reviewer Comment (2025-02-28): Please provide additional fund to meet the requirement. Exception remains. Buyer Comment (2025-02-27): Submitted updated [Redacted] acknowledging [Redacted]months reserves with Comp Factors for review. |
02/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| 20250572 | 33294606 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for non-owner occupied cash out transaction for [Redacted] . | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Same industry for more than [Redacted] years. Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-02-26): Lender approved exception in file with comp factors. |
02/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| 20250572 | 33294607 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing CD and/or other documentation to confirm payment on the noted property which was being refinanced at the same time. | Reviewer Comment (2025-02-27): Closing disclosure received for refinance on other property, Exception Cleared. Buyer Comment (2025-02-26): Submitted Final CD from CEL [Redacted] for review. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||
| 20250572 | 33294608 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Missing CD and/or other documentation to confirm payment on the noted property which was being refinanced at the same time. | Reviewer Comment (2025-02-27): Closing disclosure received for refinance on other property, Exception Cleared. Buyer Comment (2025-02-26): Submitted Final CD from CEL [Redacted] for review. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||||
| 20250573 | 33294494 | Credit | Business Purpose | General | Business Purpose | Missing Document: Spousal Consent not provided. | - | Borrower's marital status is married, but Spousal Consent form is missing and is required by statute. | Reviewer Comment (2025-03-04): Vested in the name of LLC. Spousal consent is not required. Exception cleared. Buyer Comment (2025-03-03): Spousal consent is not required, as the loan closed in the name of a business entity with borrower as sole member, and the subject property is not considered homestead. |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 20250575 | 33294484 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | The loan file does not contain the loan approval for the loan amount of [Redacted] per the Note in file. | Reviewer Comment (2025-02-28): Provided Approval and [Redacted] summary with corrected loan amount of [Redacted]. Exception cleared. Buyer Comment (2025-02-27): Updated Approval and [Redacted]uploaded for review. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250576 | 33294621 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-03-11): Exception Cleared, received Final Title Policy. |
03/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | D | A | C | A | C | A | D | A | Non QM | Non QM | No | ||||||||||||||
| 20250576 | 33294622 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Coverage amount not provided on preliminary title. | Reviewer Comment (2025-03-11): Exception Cleared, received Final Title Policy. Buyer Comment (2025-03-07): Submitted updated Title for review. |
03/11/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Rate/Term | D | A | C | A | C | A | D | A | Non QM | Non QM | No | |||||||||||||
| 20250576 | 33294623 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | File is missing the secondary valuation required for securitization. | Reviewer Comment (2025-02-28): Desk review updated and associated. Exception cleared Buyer Comment (2025-02-26): Secondary Valuation was included in the initial shipping package and is located in your portal under doc ID [Redacted]. |
02/28/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Refinance - Rate/Term | D | A | C | A | C | A | D | A | Non QM | Non QM | No | |||||||||||||
| 20250576 | 33294626 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | File is missing an [Redacted] or other documentation for the " [Redacted] " from [Redacted] . The deposit is described as " [Redacted] " on the [Redacted] . | Reviewer Comment (2025-03-07): [Redacted] for Elevance pension income used to qualify is located in the file. Per client, [Redacted] Business is not wage income used to qualify. Reviewer Comment (2025-03-07): Final [Redacted] shows borrower is earning through [Redacted] sources of income, excluding income from [Redacted] Business Payroll will exceed the DTI above threshold limit to[Redacted], please provide other source of income to consider or provide proof of [Redacted] Payroll. Exception Remains. Buyer Comment (2025-03-06): Payroll entry appearing on joint asset stmts were not used to qualify. The sole borrower is [Redacted] whose qualifying retirement income has been sufficiently documented. Kindly escalate. Reviewer Comment (2025-02-27): Bank Statements[Redacted] and [Redacted]are reflecting deposit from "[Redacted] ". Please provide relevant document to validate the income owner. Exception remains. Buyer Comment (2025-02-26): Correction...borrower does not derive income from [Redacted] Business. Buyer Comment (2025-02-26): Borrower does derive income from [Redacted] Business. The asset stmts are jointly held with a non-applicant who appears to be related to these entries. Borrower as a retiree has documented grossed up Social Security of [Redacted] under doc ID [Redacted], Notes Receivable of[Redacted] under doc IDs [Redacted], [Redacted], [Redacted], and [Redacted], EDI payments of [Redacted] from [Redacted] under doc IDs [Redacted]and [Redacted], Gross Pension Benefit of [Redacted] from [Redacted] Pipe Trades under doc ID [Redacted], [Redacted] Elevance Health Pension of [Redacted]under doc IDs [Redacted], [Redacted], and [Redacted], and subject's [Redacted]rental of [Redacted] under doc ID [Redacted]. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | D | A | C | A | C | A | D | A | Non QM | Non QM | No | ||||||||||||
| 20250576 | 33294627 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | File is missing an [Redacted] or other documentation for the " [Redacted] " from [Redacted] . The deposit is described as " [Redacted] " on the [Redacted] . | Reviewer Comment (2025-03-07): [Redacted] for Elevance pension income used to qualify is located in the file. Reviewer Comment (2025-03-07): Final [Redacted] shows borrower is earning through[Redacted] sources of income, excluding income from [Redacted] Business Payroll will exceed the DTI above threshold limit to [Redacted] , please provide other source of income to consider or provide proof of Barret Payroll. Exception Remains. Buyer Comment (2025-03-06): Payroll entry appearing on joint asset stmts were not used to qualify. The sole borrower is [Redacted] whose qualifying retirement income has been sufficiently documented. Kindly escalate. Reviewer Comment (2025-02-27): Bank Statements [Redacted] and [Redacted] are reflecting deposit from "[Redacted] ". Please provide relevant document to validate the income owner. Exception remains. Buyer Comment (2025-02-26): Correction...borrower does not derive income from [Redacted] . Buyer Comment (2025-02-26): Borrower does derive income from [Redacted] Business. The asset stmts are jointly held with a non-applicant who appears to be related to these entries. Borrower as a retiree has documented grossed up Social Security of [Redacted] under doc ID [Redacted], Notes Receivable of [Redacted]0 under doc IDs [Redacted], [Redacted], [Redacted], and [Redacted], EDI payments of [Redacted] from [Redacted] under doc IDs [Redacted] and [Redacted] , Gross Pension Benefit of [Redacted] from[Redacted] [Redacted] under doc ID [Redacted] , [Redacted] Elevance Health Pension of [Redacted] under doc IDs [Redacted] , [Redacted] , and [Redacted] , and subject's [Redacted] rental of [Redacted] under doc ID [Redacted] . |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | D | A | C | A | C | A | D | A | Non QM | Non QM | No | |||||||||||||
| 20250576 | 33294628 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall finding due to the missing pension documentation, resulting in a loan designation discrepancy. | Reviewer Comment (2025-03-07): [Redacted] for Elevance pension income used to qualify is located in the file. Per client, Barrett Business is not wage income used to qualify. Reviewer Comment (2025-03-07): Final 1003 shows borrower is earning through [Redacted] sources of income, excluding income from Barrett [Redacted] Payroll will exceed the DTI above threshold limit to [Redacted]%, please provide other source of income to consider or provide proof of Barret Payroll. Exception Remains. Buyer Comment (2025-03-06): Payroll entry appearing on joint asset stmts were not used to qualify. The sole borrower is [Redacted] whose qualifying retirement income has been sufficiently documented. Kindly escalate. Reviewer Comment (2025-02-27): Bank Statements [Redacted]and [Redacted] are reflecting deposit from "[Redacted] Business Payroll". Please provide relevant document to validate the income owner. Exception remains. Buyer Comment (2025-02-26): Correction...borrower does not derive income from [Redacted] Business. Buyer Comment (2025-02-26): Borrower does derive income from [Redacted] Business. The asset stmts are jointly held with a non-applicant who appears to be related to these entries. Borrower as a retiree has documented grossed up Social Security of $[Redacted]under doc ID [Redacted], Notes Receivable of $[Redacted]under doc IDs [Redacted], [Redacted], [Redacted], and [Redacted], EDI payments of $[Redacted]from [Redacted] under doc IDs [Redacted]and [Redacted], Gross Pension Benefit of $[Redacted]from [Redacted] a [Redacted] under doc ID [Redacted], [Redacted][Redacted]Health Pension of $[Redacted]under doc IDs [Redacted], [Redacted], and [Redacted], and subject's ADU rental of $[Redacted]under doc ID [Redacted]. |
03/07/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | D | A | C | A | C | A | D | A | Non QM | Non QM | No | |||||||||||
| 20250576 | 33294629 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall finding due to the missing [Redacted] documentation. | Reviewer Comment (2025-03-07): [Redacted] for Elevance pension income used to qualify is located in the file. Per client, Barrett Business is not wage income used to qualify. Reviewer Comment (2025-03-07): Final [Redacted] shows borrower is earning through 5 sources of income, excluding income from [Redacted] Business Payroll will exceed the DTI above threshold limit to 53%, please provide other source of income to consider or provide proof of Barret Payroll. Exception Remains. Buyer Comment (2025-03-06): Payroll entry appearing on joint asset stmts were not used to qualify. The sole borrower is [Redacted] whose qualifying retirement income has been sufficiently documented. Kindly escalate. Reviewer Comment (2025-02-27): Bank Statements [Redacted] and [Redacted] are reflecting deposit from "[Redacted] Business Payroll". Please provide relevant document to validate the income owner. Exception remains. Buyer Comment (2025-02-26): Correction...borrower does not derive income from [Redacted] Business. Buyer Comment (2025-02-26): Borrower does derive income from Barrett Business. The asset stmts are jointly held with a non-applicant who appears to be related to these entries. Borrower as a retiree has documented grossed up Social Security of[Redacted] under doc ID [Redacted] , Notes Receivable of [Redacted] under doc IDs [Redacted] , [Redacted] , [Redacted] , and [Redacted] , EDI payments of[Redacted] from [Redacted] [Redacted] under doc IDs [Redacted] and [Redacted] , Gross Pension Benefit of [Redacted] from [Redacted] [Redacted] under doc ID [Redacted] , [Redacted] [Redacted] Pension of [Redacted] under doc IDs [Redacted] , [Redacted] , and [Redacted] , and subject's [Redacted] rental of [Redacted] under doc ID [Redacted] . |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | D | A | C | A | C | A | D | A | Non QM | Non QM | No | ||||||||||||
| 20250576 | 33294630 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall finding due to the missing [Redacted] documentation. | Reviewer Comment (2025-03-07): [Redacted] for Elevance pension income used to qualify is located in the file. Per client, [Redacted] Business is not wage income used to qualify. Reviewer Comment (2025-03-07): Final [Redacted]shows borrower is earning through [Redacted] sources of income, excluding income from [Redacted] Business Payroll will exceed the DTI above threshold limit to [Redacted] please provide other source of income to consider or provide proof of [Redacted] Payroll. Exception Remains. Buyer Comment (2025-03-06): Payroll entry appearing on joint asset stmts were not used to qualify. The sole borrower is [Redacted]whose qualifying retirement income has been sufficiently documented. Kindly escalate. Reviewer Comment (2025-02-27): Bank Statements [Redacted] and [Redacted] are reflecting deposit from " [Redacted]Business Payroll". Please provide relevant document to validate the income owner. Exception remains. Buyer Comment (2025-02-26): Correction...borrower does not derive income from [Redacted] Business. Buyer Comment (2025-02-26): Borrower does derive income from [Redacted] Business. The asset stmts are jointly held with a non-applicant who appears to be related to these entries. Borrower as a retiree has documented grossed up Social Security of[Redacted] under doc ID [Redacted] , Notes Receivable of [Redacted] under doc IDs [Redacted] , [Redacted] , [Redacted] , and [Redacted] , EDI payments of [Redacted] from [Redacted] under doc IDs [Redacted] and [Redacted] , Gross Pension Benefit of [Redacted] from[Redacted] [Redacted] under doc ID [Redacted] , [Redacted] [Redacted] Pension of [Redacted] under doc IDs [Redacted] , [Redacted] , and [Redacted] , and subject's [Redacted] rental of [Redacted] under doc ID [Redacted] . |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | D | A | C | A | C | A | D | A | Non QM | Non QM | No | ||||||||||||
| 20250577 | 33294631 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception Requested and approved to Allow [Redacted] seller's credit for Closing on [Redacted] LTV. Currently only allow [Redacted] seller's credit for LTV at [Redacted] . | Borrower has verified disposable income of at least $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-03-07): Client elects to waive with comp factors. Buyer Comment (2025-03-03): The approved credit exception was provided in the initial shipping package under Doc ID [Redacted], please advise as why this is back to the seller. |
03/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | UT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 20250577 | 33294632 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-03-04): Disclosure Tracking Details document received. - Exception Cleared Buyer Comment (2025-03-03): Tracking for initial disclosures denoting a [Redacted] fulfillment date (mailing date) uploaded for review. Disclosure tracking summary denotes all other disclosures were in person. |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250577 | 33294636 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant three ([Redacted]) business days prior to consummation. | File is missing evidence final appraisal dated [Redacted] was delivered to borrower [Redacted] business days prior to closing. | Reviewer Comment (2025-03-06): Appraisal delivery confirmation document received, Exception cleared. Buyer Comment (2025-03-05): Proof of delivery of the revised appraisal report dated [Redacted] uploaded for review. The presumed receipt date would be [Redacted], the loan closed [Redacted] the [Redacted] business day HPML/ECOA requirements were met. |
03/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | UT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250577 | 33294637 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | HPML Non Compliant due to missing evidence final appraisal dated [Redacted] was delivered to borrower [Redacted] business days prior to closing. | Reviewer Comment (2025-03-06): Appraisal delivery confirmation document received, Exception cleared. Buyer Comment (2025-03-05): Proof of delivery of the revised appraisal report dated [Redacted] uploaded to trailing docs for review. The presumed receipt date would be [Redacted], the loan closed [Redacted], the [Redacted] business day HPML/ECOA requirements were met. |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250577 | 33294638 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant three ([Redacted]) business days prior to consummation. | HPML Non Compliant due to missing evidence final appraisal dated [Redacted] was delivered to borrower [Redacted] business days prior to closing. | Reviewer Comment (2025-03-06): Appraisal delivery confirmation document received, Exception cleared. Buyer Comment (2025-03-05): The appraisal was sent on [Redacted], the presumed receipt date would be [Redacted] based on the mailbox rule, the loan closed on [Redacted], the [Redacted] business day HPML requirement was met. Reviewer Comment (2025-03-05): Exception remains. Still require proof of receipt of appraisal dated [Redacted], by borrower [Redacted] business days prior to closing. Buyer Comment (2025-03-05): Proof of delivery of the revised appraisal report dated [Redacted] uploaded to trailing docs for review. The presumed receipt date would be [Redacted], the loan closed [Redacted], the [Redacted]business day HPML/ECOA requirements were met. |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250577 | 33294639 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | 1003 reflects borrower is renting departure residence. [Redacted] months rental history is missing and is required by guidelines. | Reviewer Comment (2025-03-05): [Redacted] months bank statement verifying rent already in the file , exception cleared. Buyer Comment (2025-03-03): The [Redacted] reflects borrowers living at [Redacted], the lease agreement was provided in the initial shipping package Doc ID [Redacted]and payment to the landlord [Redacted] is reflected on the [Redacted] [Redacted] statements. |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250578 | 33294488 | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | - | OFAC for the Guarantor was not checked and required per guidelines. | Reviewer Comment (2025-02-28): Received FraudGuard report which has clear OFAC search for guarantor. Exception cleared. Buyer Comment (2025-02-27): FraudGuard report uploaded to trailing docs for review. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| 20250578 | 33294489 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Maximum Loan Amount discrepancy. | Note loan amount of ___ is greater than Guideline maximum loan amount of ___. | Lender approved exception to allow [Redacted] loan amount at [Redacted] and [Redacted] . Max loan amount [Redacted] for cash out. Compensating Factors: Borrower is an experienced investor, [Redacted] , Reserves [Redacted] minimum, and [Redacted] as real estate investor. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
Aggregator,SitusAMC | Reviewer Comment (2025-02-27): Client elects to waive with comp factors. |
02/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| 20250578 | 33294490 | Credit | Credit | Credit Documentation | Credit | Background check is missing. | - | Background check for the Guarantor not provided. | Reviewer Comment (2025-02-28): Received FraudGuard report. Exception cleared. Buyer Comment (2025-02-27): FraudGuard report uploaded to trailing docs for review. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| 20250578 | 33294491 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report not provided. | Reviewer Comment (2025-02-28): Received FraudGuard report. Exception cleared. Buyer Comment (2025-02-27): FraudGuard report uploaded for review. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20250578 | 33294492 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud Report not provided. | Reviewer Comment (2025-02-28): Received FraudGuard report. Exception cleared. Buyer Comment (2025-02-27): FraudGuard report uploaded to trailing docs for review. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| 20250579 | 33418980 | Credit | Business Purpose | General | Business Purpose | Legal does not match deed. | Security Instrument reflects the Borrower as [Redacted]. The Title Commitment is Vested in [Redacted]. | Reviewer Comment (2025-03-19): Title and warranty deed match...The Deed was executed at the time of closing which is a match to the Security Instrument. Reviewer Comment (2025-03-19): Unable to clear. The Security Instrument provided reflects [Redacted]as the borrower instead of [Redacted]. Please provide final title reflecting[Redacted]. Buyer Comment (2025-03-14): Referenced Legal Description is what is currently on record per Title under doc ID [Redacted]. Warranty Deed completed at closing from [Redacted]to [Redacted] contains the same legal description verbiage under doc ID [Redacted]. |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250579 | 33418983 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The Certificate of Good Standing from the state of Texas for the borrowing entity is not located in the file. | Reviewer Comment (2025-03-17): Initial package had certificate of good standing document. Exception cleared. Buyer Comment (2025-03-14): TX SOS documentation was submitted with the initial shipping package and is located in your portal under doc IDs [Redacted], [Redacted], and [Redacted]. |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250580 | 33294679 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan closed under Prime Connect Flex program using DU. DU reflects monthly income of [Redacted] and DTI of [Redacted] , but 1008 reflects income of [Redacted] and DTI of [Redacted] , causing an ATR failure. | Reviewer Comment (2025-02-26): Received updated AUS report. Exception cleared. Buyer Comment (2025-02-25): Updated AUS uploaded to trailing docs for review. |
02/26/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20250580 | 33294683 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan closed under Prime Connect Flex program using DU. DU reflects monthly income of $[Redacted]and DTI of [Redacted]%, but 1008 reflects income of $[Redacted]and DTI of [Redacted]%, causing an ATR failure. | Reviewer Comment (2025-02-26): Received updated AUS report. Exception cleared. Buyer Comment (2025-02-25): Updated AUS uploaded to trailing docs for review. |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250580 | 33294684 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | AUS Findings: Investor qualifying total debt ratio discrepancy. | Loan closed under Prime Connect Flex program using DU. DU reflects monthly income of [Redacted] and DTI of [Redacted] , but 1008 reflects income of [Redacted] and DTI of [Redacted] . | Reviewer Comment (2025-02-26): Received updated AUS report. Exception cleared. Buyer Comment (2025-02-25): Updated AUS uploaded for review. |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250580 | 33294685 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | Missing evidence of the transfer of funds for [Redacted] gift funds. | Reviewer Comment (2025-03-04): Gift is only [Redacted], exception cleared. Buyer Comment (2025-03-03): Updated [Redacted]uploaded for review. Reviewer Comment (2025-03-03): As per [Redacted] and purchase contract gift fund is [Redacted] hence updated [Redacted]required to verify gift fund [Redacted]. Exception remains Buyer Comment (2025-02-28): The gift is not in the amount of [Redacted] rather is in the amount of [Redacted] the updated gift letter was provided under Doc ID [Redacted]. The receipt of funds and wire confirmation has been uploaded again for review. Reviewer Comment (2025-02-28): Source of Funds/Deposit document is missing in file for gift fund as [Redacted]. Exception Remains. Buyer Comment (2025-02-27): Updated gift letter in the amount of [Redacted] uploaded for review. |
03/04/2025 | 1 | A | A | A | A | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||||||
| 20250581 | 33523419 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | File does not contain documentation from lender/seller confirming the condo is warrantable. | Reviewer Comment (2025-03-12): HOA Questionnaire available, rate lock reflects warrantable condo [Redacted], exception cleared. Buyer Comment (2025-03-10): Warrantability is supported by the Lender Questionnaire located in your portal under [Redacted]. |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250581 | 33523421 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Verification(s) of employment of University of [Redacted] and[Redacted]. is not within [Redacted] business days of the Note. | Reviewer Comment (2025-03-31): Exception cleared - Verification of employment of [Redacted] and [Redacted] received and updated [Redacted] as required. Buyer Comment (2025-03-31): Submitted corrected VVOEs with Processor's Cert for review. |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250581 | 33523422 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Verification(s) of employment of[Redacted] and [Redacted]. is not within [Redacted] business days of the Note. | Reviewer Comment (2025-03-31): Exception cleared - Verification of employment of [Redacted] and [Redacted] received and updated [Redacted] as required. Buyer Comment (2025-03-31): Submitted corrected VVOEs with Processor's Cert for review. |
03/31/2025 | 1 | B | A | C | A | B | A | C | A | B | A | UT | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20250581 | 33523424 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Verification(s) of employment of [Redacted]l and[Redacted]. is not within [Redacted] business days of the Note. | Reviewer Comment (2025-03-31): Exception cleared - Verification of employment of [Redacted] and [Redacted] received and updated [Redacted] as required. Buyer Comment (2025-03-31): Submitted corrected VVOEs with Processor's Cert for review. |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250581 | 33523425 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Verification(s) of employment of [Redacted] and [Redacted]. is not within [Redacted] business days of the Note. | Reviewer Comment (2025-03-31): Exception cleared - Verification of employment of [Redacted]l and [Redacted] received and updated [Redacted] as required. Buyer Comment (2025-03-31): Submitted corrected VVOEs with Processor's Cert for review. |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250581 | 33523426 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | HO-6 Insurance Policy not provided. | Reviewer Comment (2025-03-10): Exception cleared - As per initial Escrow account disclosure, final Closing Disclosure and Final 1003 loan do not have hazard insurance. Buyer Comment (2025-03-10): Master policy in your portal under doc ID [Redacted] reflects walls in coverage being included. |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250581 | 33523427 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Verification(s) of employment of [Redacted] and [Redacted]. is not within [Redacted] business days of the Note. | Reviewer Comment (2025-03-31): Exception cleared - Verification of employment of [Redacted] and [Redacted] received and updated [Redacted] as required. Buyer Comment (2025-03-31): Submitted corrected VVOEs with Processor's Cert for review. |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250584 | 33294712 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Provided hazard insurance document effective date is after note date or disbursement date. Provide valid hazard insurance document. | Reviewer Comment (2025-03-03): Insurance policy Effective date is same as disbursement date. Exception cleared Buyer Comment (2025-03-03): Submitted PCCD with correct disbursement date for review. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250584 | 33294713 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | File does not contain documentation from lender/seller confirming the condo is warrantable. | Reviewer Comment (2025-03-03): Project review is not required for detached condos. Buyer Comment (2025-02-28): Subject is a detached condo which is automatically warrantable because it shares no walls with other units, thus meeting the key requirement set by [Redacted]and [Redacted]for a condo to be considered eligible for a conventional mortgage. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250586 | 33294729 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redacted] | SitusAMC | Reviewer Comment (2025-02-27): Client elects to waive with inspection prior to end date. Buyer Comment (2025-02-26): A CDAIR is not required, the appraisal reports submitted Doc ID [Redacted]and [Redacted]denote the properties were inspected on [Redacted] and [Redacted], respectively. CEL requires only that inspections are performed after the incident period in this case both were after the [Redacted] incident date. |
02/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20250586 | 33294732 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal re-inspection fee amount of [Redacted] exceeds tolerance of [Redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-25): Sufficient Cure Provided At Closing |
02/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 20250588 | 33294497 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | HUD/CD is missing in loan file | Reviewer Comment (2025-03-03): Final Closing statement received, exception cleared. Buyer Comment (2025-02-28): Submitted Final Signed ALTA Settlement Stmt for review. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250588 | 33294498 | Credit | Investment Product | General | Investment Product | REO property does not have a lease in place and required by guidelines. | - | Lease agreement is missing in loan file | Reviewer Comment (2025-03-03): Purchase transaction, property is vacant, lease agreement not required, exception cleared. Buyer Comment (2025-02-28): Subject is a purchase transaction. The home is currently vacant and would not require a lease be in place at the time of closing. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 20250588 | 33294500 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Instructions not provided | Reviewer Comment (2025-03-03): Closing Instruction document already in the file, exception cleared. Buyer Comment (2025-02-28): Escrow Instructions were included in the initial shipping package and are located in your portal under doc ID [Redacted]. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||
| 20250589 | 33294734 | Credit | Income | Document Error | Income | Bank statement page number is blank. | - | [Redacted]Bank statement(s) account number ending [Redacted] for months ending [Redacted] - [Redacted] and bank statement(s) account number ending [Redacted] for months ending [Redacted] - [Redacted] not provided. | Reviewer Comment (2025-03-03): [Redacted] business [Redacted]months statement not available since it started from [Redacted]. [Redacted] months requirement met from business [Redacted] [Redacted], Borrower changed A/C from [Redacted] to [Redacted] Borrower transitioned to [Redacted] from [Redacted] Combining accounts from all three acounts [Redacted] months requirement met - [Redacted] to [Redacted]. All missing bank statement received, exception cleared. Buyer Comment (2025-02-27): Submitted Chase [Redacted] [Redacted] to [Redacted] and [Redacted] [Redacted] [Redacted] to [Redacted]for review. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||
| 20250589 | 33294735 | Credit | Income | Income Error | Income | The total of Statement Period Months entered is less than the Qualifying Method entered of Most Recent 12 months. | - | [Redacted]Bank statement(s) account number ending [Redacted] for months ending [Redacted] - [Redacted] and bank statement(s) account number ending [Redacted] for months ending [Redacted] - [Redacted] not provided. | Reviewer Comment (2025-03-03): [Redacted] business [Redacted] months statement not available since it started from [Redacted]. [Redacted] months requirement met from business [Redacted] [Redacted], Borrower changed A/C from [Redacted] to [Redacted]. Borrower transitioned to [Redacted] from [Redacted] Combining accounts from all three acounts [Redacted]months requirement met - [Redacted] to [Redacted]. All missing bank statement received, exception cleared. Buyer Comment (2025-02-28): Submitted BOA [Redacted] [Redacted]and [Redacted] for review. Reviewer Comment (2025-02-28): Account Statements received and associated. Still required Account Statements for account ending [Redacted] for [Redacted] and [Redacted]. Exception remains. Buyer Comment (2025-02-27): Submitted [Redacted] [Redacted] [Redacted] to [Redacted], and [Redacted] [Redacted] [Redacted]to [Redacted] to [Redacted]for review. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||
| 20250589 | 33294736 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | [Redacted]Bank statement(s) account number ending [Redacted] for months ending [Redacted] - [Redacted] and bank statement(s) account number ending [Redacted] for months ending [Redacted] - [Redacted] not provided. | Reviewer Comment (2025-03-03): [Redacted] business [Redacted]months statement not available since it started from [Redacted]. [Redacted]months requirement met from business [Redacted], Borrower changed A/C from [Redacted] to [Redacted] Borrower transitioned to [Redacted]c from [Redacted]. Combining accounts from all three acounts [Redacted]months requirement met - [Redacted] to [Redacted]. All missing bank statement received, exception cleared. Buyer Comment (2025-02-28): Submitted BOA [Redacted] [Redacted] and [Redacted] for review. Reviewer Comment (2025-02-28): Account Statements received and associated. Still required Account Statements for account ending [Redacted] for [Redacted] and [Redacted]. Exception remains. Buyer Comment (2025-02-27): Submitted [Redacted] [Redacted] [Redacted] to[Redacted], and BOA [Redacted[Redacted] to[Redacted] to [Redacted] for review. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||
| 20250589 | 33294737 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary Title Policy is within CA and does not reflect a coverage amount (no Final Title Policy in file). Unable to determine if appropriate coverage is provided | Reviewer Comment (2025-02-28): Title Supplemental Report document received, and policy amount updated. Exception Cleared. Buyer Comment (2025-02-28): Submitted Title Supplement for review. |
02/28/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||||
| 20250589 | 33294739 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | [Redacted]Bank statement(s) account number ending [Redacted] for months ending [Redacted] - [Redacted] and bank statement(s) account number ending [Redacted] for months ending [Redacted] - [Redacted] not provided. | Reviewer Comment (2025-03-03): [Redacted] business [Redacted]months statement not available since it started from [Redacted]. [Redacted] months requirement met from business[Redacted] , Borrower changed A/C from [Redacted] to[Redacted] . Borrower transitioned to[Redacted] from [Redacted] Combining accounts from all three acounts [Redacted] months requirement met - [Redacted] to[Redacted] . All missing bank statement received, exception cleared. Buyer Comment (2025-02-28): Submitted BOA [Redacted] [Redacted] and [Redacted]for review. Reviewer Comment (2025-02-28): Account Statements received and associated. Still required Account Statements for account ending [Redacted] for [Redacted] and[Redacted] Exception remains. Buyer Comment (2025-02-27): Submitted [Redacted] [Redacted][Redacted] to [Redacted], and BOA [Redacted] [Redacted] to [Redacted] to [Redacted]for review. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||||
| 20250589 | 33294740 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | [Redacted]Bank statement(s) account number ending [Redacted]for months ending [Redacted] - [Redacted] and bank statement(s) account number ending [Redacted]for months ending [Redacted] - [Redacted] not provided. | Reviewer Comment (2025-03-03): [Redacted] business [Redacted]months statement not available since it started from [Redacted]. [Redacted] months requirement met from business [Redacted], Borrower changed A/C from #[Redacted]to #[Redacted]. Borrower transitioned to [Redacted] from [Redacted]. Combining accounts from all three acounts [Redacted]months requirement met [Redacted]. All missing bank statement received, exception cleared. Buyer Comment (2025-02-28): Submitted BOA [Redacted] [Redacted]and [Redacted] for review. Reviewer Comment (2025-02-28): Account Statements received and associated. Still required Account Statements for account ending [Redacted] for [Redacted] and [Redacted]. Exception remains. Buyer Comment (2025-02-27): Submitted [Redacted] [Redacted] [Redacted] to [Redacted], and BOA [Redacted] [Redacted] to [Redacted] to [Redacted]for review. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||||
| 20250589 | 33294741 | Credit | Income | Income Error | Income | The Total Bank Statement Period months provided is less than the required # of Bank Statements required. | - | [Redacted]Bank statement(s) account number ending [Redacted]for months ending [Redacted] - [Redacted] and bank statement(s) account number ending [Redacted]for months ending [Redacted] - [Redacted] not provided. | Reviewer Comment (2025-03-03): [Redacted] business [Redacted]months statement not available since it started from [Redacted]. [Redacted]months requirement met from business [Redacted], Borrower changed A/C from [Redacted] to [Redacted] Borrower transitioned to [Redacted] from [Redacted]. Combining accounts from all three acounts [Redacted]months requirement met - [Redacted] to [Redacted]. All missing bank statement received, exception cleared. Buyer Comment (2025-02-28): Submitted [Redacted] [Redacted] [Redacted]and [Redacted] for review. Reviewer Comment (2025-02-28): Account Statements received and associated. Still required Account Statements for account ending [Redacted]for [Redacted]]and [Redacted]d]. Exception remains. Buyer Comment (2025-02-27): Submitted Chase #[Redacted][Redacted] to[Redacted] and BOA [Redacted] to [Redacted]for review. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||
| 20250589 | 33294742 | Credit | Income | Income Error | Income | The Total Bank Statement Period months provided is less than the required # of Bank Statements required. | - | [Redacted]Bank statement(s) account number ending [Redacted]for months ending [Redacted] - [Redacted] and bank statement(s) account number ending [Redacted]for months ending [Redacted] - [Redacted] not provided. | Reviewer Comment (2025-03-03): [Redacted] business [Redacted] months statement not available since it started from [Redacted]. [Redacted] months requirement met from business [Redacted], Borrower changed A/C from [Redacted] to [Redacted]. Borrower transitioned to [Redacted] from [Redacted]. Combining accounts from all three acounts [Redacted] months requirement met - [Redacted] to [Redacted]. All missing bank statement received, exception cleared. Buyer Comment (2025-02-28): Submitted [Redacted] [Redacted] [Redacted]and [Redacted] for review. Reviewer Comment (2025-02-28): Account Statements received and associated. Still required Account Statements for account ending [Redacted] for [Redacted] and [Redacted]. Exception remains. Buyer Comment (2025-02-27): Submitted [Redacted] [Redacted] [Redacted] to [Redacted], and [Redacted] [Redacted] [Redacted] to [Redacted] to [Redacted] for review. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||
| 20250589 | 33294743 | Credit | Income | Income Error | Income | The Total Bank Statement Period months provided is less than the required # of Bank Statements required. | - | [Redacted]Bank statement(s) account number ending [Redacted] for months ending [Redacted] - [Redacted]and bank statement(s) account number ending [Redacted]for months ending [Redacted] - [Redacted] not provided. | Reviewer Comment (2025-03-03): [Redacted] business [Redacted] months statement not available since it started from [Redacted]. [Redacted] months requirement met from business [Redacted], Borrower changed A/C from [Redacted] to [Redacted]. Borrower transitioned to [Redacted] from [Redacted]. Combining accounts from all three acounts [Redacted] months requirement met - [Redacted]to [Redacted]. All missing bank statement received, exception cleared. Buyer Comment (2025-02-28): Submitted [Redacted] [Redacted] [Redacted] and [Redacted] for review. Reviewer Comment (2025-02-28): Account Statements received and associated. Still required Account Statements for account ending [Redacted] for [Redacted] and [Redacted]. Exception remains. Buyer Comment (2025-02-27): Submitted [Redacted] [Redacted] [Redacted] to [Redacted], and BOA [Redacted] [Redacted] to [Redacted]to [Redacted] for review. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||
| 20250589 | 33294744 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for 2 ADU units when guidelines only allow 1 ADU. Compensating Factors: Reduction in housing payment by [Redacted], FICO [Redacted],[Redacted] as real estate investor, [Redacted]+, and Multiple paid as agreed mortgages[Redacted]. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-02-27): Client elects to waive with compensating factors. |
02/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| 20250589 | 33294745 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Valuation city of [Redacted] does not match Note city of [Redacted]([Redacted]) address. | Reviewer Comment (2025-03-04): Cleared. Appraisal legal description and APN match security instrument, tax cert and preliminary title. Buyer Comment (2025-02-27): [Redacted] is a suburb of greater [Redacted] The Note city matches the Exhibit A legal description with additional designation as [Redacted]. The appraisal city corresponds with the [Redacted]search under doc ID [Redacted]. Both are one-in-the-same and acceptable as is. Kindly escalate. |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||
| 20250589 | 33294746 | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | Flood Certification city of [Redacted] does not match Note city of [Redacted]([Redacted]) address. | Reviewer Comment (2025-03-04): Cleared. Flood Cert address matches [Redacted]confirmation. Buyer Comment (2025-02-27): [Redacted] is a suburb of greater [Redacted]. The Note city matches the Exhibit A legal description with additional designation as [Redacted]. The Flood city corresponds with the [Redacted]search under doc ID [Redacted]. Both are one-in-the-same and acceptable as is. Kindly escalate. |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||||
| 20250589 | 33294747 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Valuation city of [Redacted] does not match Note city of [Redacted]([Redacted]) address. | Reviewer Comment (2025-02-28): As per [Redacted]search both the cities - [Redacted] and [Redacted] are same. Exception cleared. Buyer Comment (2025-02-27): [Redacted] is a suburb of greater [Redacted] The Note city matches the Exhibit A legal description with additional designation as [Redacted] . The HOI city corresponds with the [Redacted] search under doc ID [Redacted]. Both are one-in-the-same and acceptable as is. Kindly escalate. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||||
| 20250589 | 33294748 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | [Redacted]Bank statement(s) account number ending [Redacted]for months ending [Redacted] - [Redacted] and bank statement(s) account number ending [Redacted]for months ending [Redacted] - [Redacted] not provided. | Reviewer Comment (2025-03-03): [Redacted] business [Redacted]months statement not available since it started from [Redacted] [Redacted]months requirement met from business [Redacted], Borrower changed A/C from # [Redacted]to # [Redacted]. Borrower transitioned to [Redacted] from [Redacted]. Combining accounts from all three acounts [Redacted]months requirement met - [Redacted]to [Redacted]. All missing bank statement received, exception cleared. Buyer Comment (2025-02-28): Submitted [Redacted][Redacted] [Redacted]and [Redacted] for review. Reviewer Comment (2025-02-28): Account Statements received and associated. Still required Account Statements for account ending [Redacted] for [Redacted] and [Redacted]. Exception remains. Buyer Comment (2025-02-27): Submitted [Redacted] [Redacted] [Redacted] to [Redacted], and [Redacted] [Redacted] [Redacted] to [Redacted] to [Redacted] for review. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||||
| 20250590 | 33294750 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Reviewer Comment (2025-03-06): Lender review provided and documents reflect condo in non-warrantable. Buyer Comment (2025-03-03): The file was submitted with the 1008 Doc ID [Redacted]which states "LTV [Redacted]% (maxed - NWC) & Ineligibility "NWC Condo", both of which are denoting Non-Warrantable Condo. Additionally per section [Redacted]Non-Warrantable Condo guidelines, the file was submitted with the questionnaire under Doc ID's [Redacted], [Redacted], [Redacted], [Redacted], all CEL requirements have been met per guidelines. |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 20250599 | 33294761 | Credit | Credit | Credit Documentation | Credit | Credit Report Error: Credit report is missing FICO scores. | - | Missing Credit report for [Redacted] | Reviewer Comment (2025-02-24): Joint credit report received prior to note date, Exception Cleared. Buyer Comment (2025-02-20): Joint credit report uploaded for review. |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250599 | 33294762 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Missing Credit Report for Co-borrower. | Reviewer Comment (2025-02-24): Joint credit report received prior to note date, Exception Cleared. Buyer Comment (2025-02-20): Joint credit report uploaded to trailing docs for review. |
02/24/2025 | 1 | D | A | D | A | D | A | D | A | D | A | TN | Primary | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250599 | 33294763 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - K-1 Less [Redacted]% | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current K-1 (Less than [Redacted]% Ownership) status using reasonably reliable third-party records. | Missing audited YTD P&L. | Reviewer Comment (2025-02-21): Income documentation meets guideline requirements. Buyer Comment (2025-02-21): Please advise on escalation as this finding is back to seller. Thank you. Reviewer Comment (2025-02-20): Exception has been escalated for compliance review. Buyer Comment (2025-02-18): This is an Express Document documentation type. Per section [Redacted] FULL DOCUMENTATION (2 YEARS)/EXPRESS DOC (1 YEAR) "The following are considered under Full Doc/Express Doc One or two years W2, 1040s, 1120s, 1065s; P&L can be included for income average w/supporting documentation such as Business Bank Statements and consistent history of earnings verified by previous business tax returns within [Redacted]% tolerance. P&L must be borrower signed and dated. K1 only income allowed when combining with other income (i.e. W2 or bank statements). K1 must be less than [Redacted]%.", the guidelines do not require a P&L they state "can be included", additionally, the K1 income must be less than [Redacted]%, per the documentation in file for this entity the K1 income is [Redacted]%. Moreover the verification of this employment was provided in the initial shipping package under Doc ID [Redacted]pages [Redacted]- [Redacted]. |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250599 | 33294764 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - K-1 Less [Redacted]% | Ability to Repay (Dodd-Frank [Redacted]): Unable to verify K-1 (Less than [Redacted]% Ownership) income using reasonably reliable third-party records. | The K-1's provided reflects less than [Redacted] ownership | Reviewer Comment (2025-02-21): Income documentation meets guideline requirements. Buyer Comment (2025-02-21): Please advise on escalation as this finding is back to seller. Thank you. Reviewer Comment (2025-02-20): Exception has been escalated for compliance review. Buyer Comment (2025-02-18): This is an Express Document documentation type. Per section [Redacted]FULL DOCUMENTATION (2 YEARS)/EXPRESS DOC (1 YEAR) "The following are considered under Full Doc/Express Doc One or two years W2, 1040s, 1120s, 1065s; P&L can be included for income average w/supporting documentation such as Business Bank Statements and consistent history of earnings verified by previous business tax returns within [Redacted]% tolerance. P&L must be borrower signed and dated. K1 only income allowed when combining with other income (i.e. W2 or bank statements). K1 must be less than [Redacted]%.", the guidelines do not require a P&L they state "can be included", additionally, the K1 income must be less than [Redacted]%, per the documentation in file for this entity the K1 income is [Redacted]%. Moreover the verification of this employment was provided in the initial shipping package under Doc ID [Redacted]pages [Redacted]- [Redacted]. |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250599 | 33294766 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been [Redacted]/[Redacted]. | Reviewer Comment (2025-02-21): Non-QM (third party income and employment status verified pre-consummation met lender guidelines). Buyer Comment (2025-02-21): Please advise on escalation as this finding is back to seller. Thank you. Reviewer Comment (2025-02-20): Exception has been escalated for compliance review. Buyer Comment (2025-02-18): This is an Express Document documentation type. Per section [Redacted]FULL DOCUMENTATION (2 YEARS)/EXPRESS DOC (1 YEAR) "The following are considered under Full Doc/Express Doc One or two years W2, 1040s, 1120s, 1065s; P&L can be included for income average w/supporting documentation such as Business Bank Statements and consistent history of earnings verified by previous business tax returns within [Redacted]% tolerance. P&L must be borrower signed and dated. K1 only income allowed when combining with other income (i.e. W2 or bank statements). K1 must be less than [Redacted]%.", the guidelines do not require a P&L they state "can be included", additionally, the K1 income must be less than [Redacted]%, per the documentation in file for this entity the K1 income is [Redacted]%. Moreover the verification of this employment was provided in the initial shipping package under Doc ID [Redacted]pages [Redacted]- [Redacted]. |
02/21/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TN | Primary | Purchase | Lender to provide updated ATR/QM status | D | A | D | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20250599 | 33294768 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on[Redacted] not received by borrower at least four ([Redacted]) business days prior to closing. | Loan Estimate dated[Redacted] does not reflect a signature and the document tracking disclosure was not located. [Redacted]day mail method for delivery and receipt was used and loan is failing for timing of this TRID. Document tracker is required to ensure timing and clear timing fail. | Reviewer Comment (2025-02-20): Received revised disclosure tracking. Buyer Comment (2025-02-18): Revised LE tracking uploaded for review. |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | No Defined Cure | D | A | D | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20250599 | 33294769 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Credit report is missing for co-borrower, already added exception for same. | Reviewer Comment (2025-02-24): Joint credit report received prior to note date, Exception Cleared. Buyer Comment (2025-02-20): Joint credit report uploaded to trailing docs for review. |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250603 | 33294777 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Coverage amount not provided on preliminary title. | Reviewer Comment (2025-02-25): Title Supplemental available. Buyer Comment (2025-02-21): The supplemental title report was provided in the initial shipping package under Doc ID [Redacted]page [Redacted]. |
02/25/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250603 | 33294778 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Reviewer Comment (2025-02-25): Guidelines require Condo projects must be [Redacted]% complete and HOA turned over. HOA Questionnaire confirms the same, exception cleared. Buyer Comment (2025-02-21): Per [Redacted] WARRANTABLE CONDO "Condo projects must be [Redacted]% complete and HOA turned over. No Ineligible Projects characteristics as defined by Fannie Mae", per the Condo Project Questionnaire provided in the initial shipping package under Doc ID [Redacted], the project is [Redacted]% complete, the developer transferred control of the HOA [Redacted] and there are no structural integrity issues. |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250604 | 33294779 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-03-04): Exception cleared - Final title report received and updated [Redacted]. |
03/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | A | B | A | A | A | D | A | Non QM | Non QM | No | ||||||||||||||
| 20250604 | 33294780 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Coverage amount not provided on preliminary title. | Reviewer Comment (2025-03-04): Exception cleared - Final title report received and updated [Redacted]. Buyer Comment (2025-03-03): Title report uploaded for review. |
03/04/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | D | A | B | A | A | A | D | A | Non QM | Non QM | No | |||||||||||||
| 20250604 | 33294781 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-03-07): Received CDA, Exception cleared. Buyer Comment (2025-03-05): Desk review uploaded for review. |
03/07/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | A | B | A | A | A | D | A | Non QM | Non QM | No | ||||||||||||||
| 20250605 | 33294506 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Spousal Consent Form not provided | Spousal Consent Form not provided. | Reviewer Comment (2025-03-06): Rresponse from bank attorney regarding spousal consent provided. Buyer Comment (2025-03-06): Submitted attestation for review. Kindly escalate Reviewer Comment (2025-03-04): Exception Remains - The property is located in community property states and borrower is married. Provide Spousal Consent Form. Buyer Comment (2025-03-03): Spousal consent is not required, as the borrower closed as sole Trustee of a Revocable Trust. |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250607 | 33294787 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Approved Exception for Income. Borrower sold property [Redacted][Redacted], note receivable income receipt less than [Redacted]months with a minimum or [Redacted]months proof of receipt. Compensating Factors: Low loan-to-value ([Redacted]) [Redacted] since mortgage inception of [Redacted]. Credit scores [Redacted]&[Redacted]points above minimum required. |
The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
LTV on the subject loan of [Redacted]% is less than the guideline maximum of [Redacted]% by [Redacted]%. Borrower's qualifying FICO score of [Redacted] exceeds the guideline minimum of [Redacted]by [Redacted]points. |
SitusAMC Originator,Aggregator,SitusAMC |
Reviewer Comment (2025-02-26): Lender approved exception for the notes receivable income with compensating factors. |
02/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20250609 | 33294792 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Credit report fee amount of[Redacted] exceeds tolerance of [Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-05): Sufficient Cure Provided At Closing |
03/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 20250618 | 33294804 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | HPML non-compliant due to missing evidence borrower received appraisal at least [Redacted] days prior to closing. | Reviewer Comment (2025-02-21): Appraisal delivery confirmation document was provided, Acknowledgement also available in loan file, Exception Cleared. Seller Comment (2025-02-19): Please see attestation letter attached [Redacted].pdf (Unclassified) was uploaded |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250618 | 33294805 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant three ([Redacted]) business days prior to consummation. | Appraisal report was sent on[Redacted], file is missing actual evidence of receipt [Redacted]business days prior to closing. | Reviewer Comment (2025-02-21): Appraisal delivery confirmation document was provided, Acknowledgement also available in loan file, Exception Cleared. Seller Comment (2025-02-19): see attestation letter recently uploaded |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250618 | 33294809 | Compliance | Compliance | State Compliance | Misc. State Level | Ohio Consumer Sales Practices Act (No Documentation of Tangible Net Benefit Analysis) | Ohio Consumer Sales Practices Act: Mortgage loan file does not contain documentation of the analysis of the borrower's reasonable tangible net benefit. | Tangible net benefit worksheet is missing. | Reviewer Comment (2025-02-20): Given the overall circumstances of the borrower, which includes the interest rate being reduced from [Redacted]% to [Redacted]% and over $[Redacted]cash back to borrower, exception is cleared based on documentation in file to support this benefit. Seller Comment (2025-02-19): UPDATED 1008 [Redacted] 1008.pdf (Unclassified) was uploaded Reviewer Comment (2025-02-19): Under the Final Regulations of the Ohio Consumer Sales Practices Act, any records, worksheets, or supporting documentation used by the lender in determining the reasonable, tangible net benefit of a new loan must be maintained by that lender in the consumer's loan file for each residential mortgage loan transaction for at least two years from the date of closing. So, while there isn't a prescribed "Worksheet" that is required under the Act, we would be looking for the documentation used by the lender to support the analysis that a TNB was performed on the loan. Ohio Administrative Code [Redacted] | Reasonable, tangible net benefit. (A) Division (B)(12) of section [Redacted] of the Revised Code states that a supplier shall not knowingly or intentionally engage in the act or practice of "flipping" a residential mortgage loan by making a residential mortgage loan that refinances an existing residential mortgage loan when the new loan does not have a reasonable, tangible net benefit to the consumer considering all of the circumstances, including the terms of both the new and refinanced loans, the cost of the new loan, and the consumer's circumstances. "Reasonable tangible net benefit" is determined by a weighing of the relative costs and benefits to the consumer of replacing the consumer's existing loan with the new loan under the totality of the circumstances. (B) The phrase "terms of both the new and refinanced loan" includes, but shall not be limited to, the monthly payment, the interest rate, the interest rate type (i.e., adjustable or fixed), 82 the loan duration, the mortgage product type, the loan amount, any prepayment penalty, and any required insurance. (C) The phrase "cost of the new loan" includes, but shall not be limited to, all paid or financed points and fees, all broker compensation paid, directly or indirectly, in connection with the new loan, any prepayment penalty paid on the consumer's existing loan in connection with the refinancing, and any other closing costs disclosed on the HUD-1 settlement statement for the new loan that were paid or financed by the consumer. (D) The phrase "all of the circumstances" may include, but shall not be limited to, the amount of cash received by the consumer in excess of and in relation to the fees and costs of the refinancing, the loan-to-value ratio of the new loan compared to the pre-existing loan, the necessity of the consumer to comply with a court order, and the amount of time that has lapsed between the new loan and the origination of the pre-existing loan. *(E) All records, worksheets, and supporting documentation used by the supplier in determining the "reasonable, tangible net benefit" of a new loan that is a refinancing of the consumer's existing loan shall be maintained by that supplier in the consumer's loan file for each residential mortgage loan transaction for a period of at least [Redacted] from the date of closing, or as required by other applicable state or federal law, whichever time period is greater. Records required to be maintained by this rule may be retained in an electronic format.* |
02/20/2025 | 1 | B | A | B | A | B | A | B | A | B | A | OH | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250621 | 33294824 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | The Closing Disclosure was not provided to Borrower at least [Redacted] business days prior to closing. | Reviewer Comment (2025-02-21): [Redacted] received [Redacted] Initial CD, [Redacted] business days prior to the consummation. Seller Comment (2025-02-20): Initial CD with Audit Log [Redacted] [Redacted].pdf (Credit Review Documentation) was uploaded |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Cash-out - Other | No Defined Cure | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20250621 | 33294825 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception approved for total of [Redacted]in [Redacted]months and guideline allows for [Redacted]. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has owned the subject property for at least [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Reserves: [Redacted] Guideline Requirement: [Redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-02-14): Client elects to waive with compensating factors. |
02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 20250623 | 33294520 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception requested for to to [Redacted] LTV. Lender changed program from Premier to Investor Connect and exception was no longer needed under Investor Connect program. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Seasoned Borrower/Investor whose experience exceeds [Redacted] completed projects. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-02-21): preapproved exception |
02/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 20250624 | 33294836 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-28): Sufficient Cure Provided At Closing |
02/28/2025 | 1 | A | A | A | A | A | A | A | A | A | A | IN | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250626 | 33318895 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | 1003 Final is not provided. | Reviewer Comment (2025-02-12): Final 1003 document received. - Exception Cleared Seller Comment (2025-02-11): final 1003 [Redacted]pdf (Unclassified) was uploaded |
02/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250626 | 33318898 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is not provided. | Reviewer Comment (2025-02-12): Esign consent provided. |
02/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250626 | 33318899 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception approved for lack of housing history. Comp factors of DTI, FICO and reserves. | Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Reserves DTI FICO |
SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-02-10): Lender granted exception approval with compensating factors in loan file. |
02/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20250642 | 33294527 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The Certificate of Good Standing is over [Redacted] days as of the Note date. | Reviewer Comment (2025-02-28): Certificate of Good Standing provided for primary entity of the series. Seller Comment (2025-02-25): See page [Redacted] of the Amendement, section [Redacted]. Establishment of Series. The[Redacted] is a sub entity for the main entity [Redacted] Property so there is no separate Good standing. The good standing provided covers the LLC Seller Comment (2025-02-25): See Amendment to Operating agreement. LLC on title is not a separate LLC. [Redacted] Agreement.pdf (Unclassified) was uploaded Reviewer Comment (2025-02-24): Provided good standing is for [Redacted] but require Certificate of Good Standing for [Redacted] Exception remains. Seller Comment (2025-02-19): see attached [Redacted[Redacted].pdf (Unclassified) was uploaded |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OK | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250644 | 33294849 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Condo Warrantable document has been not provided. Provide Condo warranty document. | Reviewer Comment (2025-02-13): The limited review condo questionnaire is located in the file. Seller Comment (2025-02-10): Per [Redacted]email on[Redacted] confirming this condition is valid on locks on or after [Redacted]. I have provided the lock confirmation confirming lock took place on [Redacted]. Please review & clear or have this excalated for further review. Thank you. [Redacted]pdf (Unclassified) was uploaded |
02/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250647 | 33294857 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-02-20): Exception Cleared, received Final Title Policy. |
02/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20250647 | 33294861 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | FICO score of [Redacted] does not meet required fico score of [Redacted] for [Redacted] cash-out. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has owned the subject property for at least [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% |
SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-02-14): Client elects to waive with comp factors. |
02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| 20250647 | 33294862 | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Coverage policy amount not provided on preliminary title. | Reviewer Comment (2025-02-20): Exception Cleared, received Final Title Policy. Seller Comment (2025-02-19): see attached [Redacted]pdf (Unclassified) was uploaded |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250650 | 33418926 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | The gift letter is dated [Redacted], which is after the note date [Redacted]. | Reviewer Comment (2025-03-18): Loan is Non-QM. Buyer Comment (2025-03-13): SG Approves - comp factors > min 6 mos. reserves, [Redacted]% DTI, conservative credit user. |
03/18/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 20250650 | 33418927 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Assets | Ability to Repay (Dodd-Frank 2014): Unable to verify assets using reasonably reliable third-party records. | The gift letter is dated [Redacted], which is after the note date [Redacted]. | Reviewer Comment (2025-03-18): Client elects to waive. Reviewer Comment (2025-03-18): Downgraded to EV2-B based on comp factors including [Redacted]months reserves, disposable income of [Redacted] DTI [Redacted] (guideline max [Redacted]), and FICO [Redacted]over guidelines. Elevated manager approved. Buyer Comment (2025-03-13): SG Approves - comp factors > min 6 mos. reserves, [Redacted]% DTI, conservative credit user. |
03/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20250650 | 33418929 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Assets | Ability to Repay (Dodd-Frank 2014): Unable to verify assets using reasonably reliable third-party records. | The gift letter is dated [Redacted], which is after the note date [Redacted]. | Reviewer Comment (2025-03-18): Client elects to waive. Reviewer Comment (2025-03-18): Downgraded to EV2-B based on comp factors including [Redacted]months reserves, disposable income of >$[Redacted], DTI[Redacted] (guideline max [Redacted]%), and FICO [Redacted]over guidelines. Elevated manager approved. Buyer Comment (2025-03-13): SG Approves - comp factors > min [Redacted]mos. reserves, [Redacted]% DTI, conservative credit user. |
03/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20250650 | 33418930 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Borrower's own funds percent discrepancy. | Calculated borrower's own funds of [Redacted]% is less than Guideline required borrower's own funds of [Redacted]%. | Miscellaneous Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] FICO acceptable Reserves: [Redacted] Guideline Requirement: [Redacted] DTI: [Redacted]% Guideline Maximum DTI: [Redacted]% |
Originator SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-03-14): Client elects to waive with compensating factors. Buyer Comment (2025-03-13): [Redacted] Approves - comp factors > min [Redacted]mos. reserves, [Redacted]% DTI, conservative credit user. |
03/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 20250654 | 33294547 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | The file is missing the [Redacted] for the borrowing business entity. | Reviewer Comment (2025-02-26): Articles of Organization/Formation for the borrowing business entity received. Exception Cleared. Seller Comment (2025-02-25): see attached [Redacted] Documents.pdf (Unclassified) was uploaded Reviewer Comment (2025-02-13): Provided document was already a part of initial package. Require initial Articles of Organization/Formation for the borrowing business entity. Exception Remains. Seller Comment (2025-02-11): see attached [Redacted].pdf (Unclassified) was uploaded |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250660 | 33294872 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Policy coverage amount not provided on preliminary title. | Reviewer Comment (2025-02-20): Exception Cleared; Title Preliminary Supplemental policy is received. Seller Comment (2025-02-18): [Redacted].pdf (Unclassified) was uploaded |
02/20/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250668 | 33294550 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio ( [Redacted] ) of [Redacted] does not meet Guideline Debt Service Coverage Ratio ( [Redacted] ) [Redacted] . | Reviewer Comment (2025-02-13): No new document received. Current lease amount is [Redacted] and market rent is [Redacted]. Current lease exceeds market rent, updated appraisal rent field with [Redacted] ([Redacted] of market rent). Re-calculated Debt Service Coverage ratio of [Redacted] meets guideline requirement. Exception cleared. Seller Comment (2025-02-12): Please provide your calculation please. |
02/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250675 | 33294554 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Non-Owner Occupancy Declaration not provided | Reviewer Comment (2025-02-17): Received business purpose and occupancy affidavit. Exception cleared. Seller Comment (2025-02-14): [Redacted]- occupancy affidavit.pdf (Unclassified) was uploaded |
02/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||||
| 20250675 | 33294555 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved to allow private party [Redacted] . Borrower provided canceled checks and bank statement, but only verified [Redacted] months. Letter of Explanation in loan file for inconsistent payment. Comp factors: [Redacted] [Redacted] and [Redacted] . | The qualifying DSCR on the loan is greater than the guideline minimum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted]months. |
DSCR of [Redacted] FICO of [Redacted] Reserves |
SitusAMC,Aggregator Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-02-13): Lender granted exception approval with compensating factors in loan file. |
02/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | RI | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20250676 | 33294557 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | The OFAC for the borrowing entity is missing. | Reviewer Comment (2025-02-18): Provided OFAC Search result for borrowing business entity. Exception cleared. Seller Comment (2025-02-14): See OFAC attached [Redacted].pdf (Unclassified) was uploaded |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250681 | 33294882 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Final fully executed and complete CD for [Redacted] not provided. | Reviewer Comment (2025-02-28): Final CD received and associated for REO property. Exception Cleared. Seller Comment (2025-02-27): [Redacted]pdf (Unclassified) was uploaded |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250681 | 33294885 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Final fully executed and complete CD for [Redacted] not provided and missing additional [Redacted] months bank statement(s) for [Redacted] acct numbers ending [Redacted]and [Redacted]([Redacted] provided). | Reviewer Comment (2025-02-28): Final CD received and associated for REO property. Exception Cleared. Seller Comment (2025-02-27): [Redacted]pdf (Unclassified) was uploaded |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250681 | 33294886 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Final fully executed and complete CD for [Redacted][Redacted] not provided and missing additional [Redacted] months bank statement(s) for RBC acct numbers ending [Redacted] and [Redacted]([Redacted] provided). | Reviewer Comment (2025-02-28): Final CD received and associated for REO property. Exception Cleared. Seller Comment (2025-02-27): CD & As far as the accounts goes, they are both IRAs so we do not need [Redacted]consecutive months. it's acceptable to just get updated balances and use the latest month. Please have this also apply to the other conditions asking for the reserves. [Redacted]pdf (Unclassified) was uploaded |
02/28/2025 | 1 | B | A | C | A | B | A | C | A | B | A | MI | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20250681 | 33294887 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Final fully executed and complete CD for [Redacted] not provided and missing additional [Redacted] months bank statement(s) for RBC acct numbers ending [Redacted]and [Redacted] ([Redacted] provided). | Reviewer Comment (2025-02-28): Final CD received and associated for REO property. Exception Cleared. Seller Comment (2025-02-27): [Redacted]pdf (Unclassified) was uploaded |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250681 | 33294888 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [Redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Final fully executed and complete CD for [Redacted] not provided and missing additional [Redacted] months bank statement(s) for RBC acct numbers ending [Redacted] and [Redacted]([Redacted] and [Redacted] provided). | Reviewer Comment (2025-02-28): Final CD received and associated for REO property. Exception Cleared. Seller Comment (2025-02-27): [Redacted].pdf (Unclassified) was uploaded |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250682 | 33418937 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation (CDA [Redacted]) to applicant three ([Redacted]) business days prior to consummation. | Buyer Comment (2025-03-20): SGCP acknowledges and waives this non-material EV2 finding: ECOA Appraisal - Copy of Appraisal Not Provided [Redacted]Business Days Prior to Consummation Reviewer Comment (2025-03-12): AIR Appraisal Delivery Cert in file shows CDA delivered [Redacted] which is not ([Redacted]) business days prior to consummation. Seller Comment (2025-03-07): PLEASE SEE CDA AIR CERT [Redacted].pdf (Unclassified) was uploaded Reviewer Comment (2025-03-06): Require proof/receipt of Secondary appraisal/CDA report date [Redacted] to borrower prior to 3 business days to closing date. Exception Remains. Seller Comment (2025-03-05): Please see attached for CDA receipt [Redacted]pdf (Unclassified) was uploaded Reviewer Comment (2025-02-28): The CDA report is dated [Redacted], it cannot be provided on[Redacted]. Provided delivery certificate is for the appraisal report, exception remains. Seller Comment (2025-02-26): CDA provided on[Redacted] and loan Closed on [Redacted]. Please see PCCD [Redacted].pdf (Unclassified) was uploaded |
03/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20250682 | 33418939 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Final CD for [Redacted] refinance loan number ending [Redacted]not provided. | Reviewer Comment (2025-03-05): Received Closing Disclosure, Hazard Insurance and Tax Certificate. Exception cleared. Seller Comment (2025-03-04): Please see Taxes and Insurance for [Redacted][Redacted] prop, previously uploaded. Reviewer Comment (2025-02-28): Closing Disclosure received, but tax and insurance are not escrowed as per the closing disclosure. Please provide tax cert and Hazard insurance. Seller Comment (2025-02-26): See CD previoulsy uploaded |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20250682 | 33418940 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Final CD for [Redacted] refinance loan number ending [Redacted]not provided. | Reviewer Comment (2025-03-05): Received Closing Disclosure, Hazard Insurance and Tax Certificate. Exception cleared. Seller Comment (2025-03-04): Please see Taxes and Insurance for [Redacted][Redacted] prop, previously uploaded. Reviewer Comment (2025-02-28): Closing Disclosure received, but tax and insurance are not escrowed as per the closing disclosure. Please provide tax cert and Hazard insurance. Seller Comment (2025-02-26): See CD previoulsy uploaded |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 20250682 | 33418941 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Final CD for [Redacted] refinance loan number ending [Redacted]not provided. | Reviewer Comment (2025-03-05): Received Closing Disclosure, Hazard Insurance and Tax Certificate. Exception cleared. Seller Comment (2025-03-04): Please see Taxes and Insurance for [Redacted] [Redacted] prop, previously uploaded. Reviewer Comment (2025-02-28): Closing Disclosure received, but tax and insurance are not escrowed as per the closing disclosure. Please provide tax cert and Hazard insurance. Seller Comment (2025-02-26): See CD previoulsy uploaded |
03/05/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Second Home | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 20250682 | 33418942 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Final CD for [Redacted] refinance loan number ending [Redacted]not provided. | Reviewer Comment (2025-03-05): Received Closing Disclosure, Hazard Insurance and Tax Certificate. Exception cleared. Seller Comment (2025-03-04): Please see Taxes and Insurance for [Redacted]p, previously uploaded. Reviewer Comment (2025-02-28): Closing Disclosure received, but tax and insurance are not escrowed as per the closing disclosure. Please provide tax cert and Hazard insurance. Seller Comment (2025-02-26): see CD previously uploaded |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20250682 | 33418943 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Final CD for [Redacted] refinance loan number ending [Redacted]not provided. | Reviewer Comment (2025-03-05): Received Closing Disclosure, Hazard Insurance and Tax Certificate. Exception cleared. Seller Comment (2025-03-04): Please see Taxes and Insurance for[Redacted]. [Redacted].pdf (Unclassified) was uploaded Reviewer Comment (2025-02-28): Closing Disclosure received, but tax and insurance are not escrowed as per the closing disclosure. Please provide tax cert and Hazard insurance. Seller Comment (2025-02-26): See CD attached [Redacted]pdf (Unclassified) was uploaded |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20250685 | 33418974 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Final HUD-1 is not located the file. The HUD provided is unsigned and the loan amount does not match the note. | Reviewer Comment (2025-03-14): Received Final HUD. Exception cleared. Seller Comment (2025-03-13): [Redacted].pdf (HUD-1) was uploaded |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||||
| 20250685 | 33418975 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Reviewer Comment (2025-03-14): Received Guaranty Agreement. Exception cleared. Seller Comment (2025-03-13): Commercial Guaranty.pdf (Closing Package) was uploaded |
03/14/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NC | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | |||||||||||||||||
| 20250685 | 33418976 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | The Business Purpose Certificate is not located in the file. | Reviewer Comment (2025-03-14): Received Business Purpose Certificate. Exception cleared. Seller Comment (2025-03-13): Business Purpose Affidavit.pdf (Closing Package) was uploaded |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||||
| 20250691 | 33294896 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Post Close CD dated [Redacted] reflects a change in initial escrow deposit to [Redacted]. Initial Escrow Account Disclosure and final CD at closing reflect initial escrow deposit of [Redacted]. | Reviewer Comment (2025-02-20): Exception Cleared, updated Initial Escrow Account Disclosure document is received. Seller Comment (2025-02-18): [Redacted]- [Redacted].pdf (Unclassified) was uploaded Reviewer Comment (2025-02-14): PCCD updated, Initial Escrow Account Disclosure and final CD at closing reflect initial escrow deposit of $[Redacted]. Please provided initial escrow disclosure with $[Redacted]to match with PCCD. Exception Remains. Seller Comment (2025-02-11): Please find attached COC & CD Consummation [Redacted]showing that property taxes were reduced from $[Redacted]to $[Redacted]. Please review & clear. [Redacted]- [Redacted].pdf (Unclassified) was uploaded |
02/20/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Second Home | Purchase | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
B | A | A | A | B | A | A | A | Non QM | Non QM | No | |||||||||||
| 20250691 | 33294897 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of[Redacted] exceeds tolerance of [Redacted]. COC provided in the file. | Reviewer Comment (2025-02-18): [Redacted] Received Corrected PCCD and LOE. Seller Comment (2025-02-14): Please see attached COC verifying the endorsement fee went from previous amount of $[Redacted]that was previously disclosed and it lowered to $[Redacted]. Please review & clear. [Redacted]- PCCD.pdf (Unclassified) was uploaded |
02/18/2025 | 1 | A | A | A | A | A | CA | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| 20250708 | 33418932 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-02-27): Final title policy received and associated. Exception cleared. |
02/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20250708 | 33418934 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title Policy Coverage of $[Redacted]is less than Original Loan Amount of $[Redacted]. | Reviewer Comment (2025-02-27): Title policy amount updated from Final title policy. Exception cleared. Seller Comment (2025-02-26): [Redacted].pdf (Unclassified) was uploaded |
02/27/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250708 | 33418935 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Min [Redacted]FICO for P&L per guides. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. |
Disposable Income: $[Redacted] | SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-03-04): Client elects to waive with comp factors. Buyer Comment (2025-03-04): [Redacted] approves, comp factors [Redacted]mos reserves, DTI [Redacted]. Reviewer Comment (2025-02-28): Reopening exception: The guideline being referenced refers to using the middle credit score of the borrower with the higher score middle credit score, not using the highest of a single borrower's three scores. Reviewer Comment (2025-02-28): Section [Redacted] of guidelines, the highest FICO score can be used when borrower meets continuity of obligation. |
03/04/2025 | 2 | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 20250710 | 33418961 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Underwriting Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Underwriting Fee increased from $[Redacted]to $[Redacted]on LE issued on [Redacted] and subsequently charged on final CD with no valid COC provided. No evidence of cure found. | Reviewer Comment (2025-03-06): [Redacted]received LOE suffice. Seller Comment (2025-03-05): Please see rebuttal letter attached [Redacted].pdf (Unclassified) was uploaded |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20250710 | 33418962 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for MERS Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | MERS Registration Fee Appraisal Fee of $[Redacted]was added to LE issued on [Redacted] and subsequently charged on final CD with no valid COC provided. No evidence of cure found. | Reviewer Comment (2025-03-06): [Redacted]received LOE suffice. Seller Comment (2025-03-05): Please see rebuttal letter attached [Redacted].pdf (Unclassified) was uploaded |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20250718 | 32665149 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender provided exception for First Time Investor on a Rate Term transaction. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
LTV is [Redacted] below guideline max. Fico is [Redacted] above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-01-21): Lender exception in file. |
01/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20250723 | 32726266 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | The file was missing Note - Subject Lien | Reviewer Comment (2025-02-10): Received and associated Note - Subject Lien. Exception Cleared. Seller Comment (2025-02-06): Note |
02/10/2025 | 1 | D | A | D | A | D | A | D | A | D | A | MD | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||||
| 20250723 | 32726314 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Available for Closing is insufficient to cover Cash From Borrower. | Reviewer Comment (2025-02-11): The HUD from a cash-out transaction was provided. Seller Comment (2025-02-07): On page [Redacted] of [Redacted] is the [Redacted] and at the bottom in the notes it states "FUNDS FOR CLOSING AND RESERVES COMING FROM ARC [Redacted]". I have attached the CD from that loan number showing the cash back to borrow that was used as reserves. |
02/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||||
| 20250723 | 32726326 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [Redacted] is less than Guideline PITIA months reserves of [Redacted]. | Reviewer Comment (2025-02-11): The HUD from a cash-out transaction was provided. Seller Comment (2025-02-07): Waterfall to Exception [Redacted] |
02/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||||
| 20250726 | 32733782 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Using [Redacted]% of funds from business account even though borrower only owns [Redacted]% of business. A lender exception was provided. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
[Redacted] months reserves Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-11): Lender exception in file. Seller Comment (2025-02-07): On page [Redacted] of [Redacted] is the required LOE from other owners of business to verify okay for borrower to use [Redacted] of funds. Please Cancel. |
02/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20250732 | 32589707 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing LOE from borrower for gap in employment from [Redacted]. | Reviewer Comment (2025-01-24): Documentation provided; exception cleared Reviewer Comment (2025-01-23): Waiting for documentation. Seller Comment (2025-01-21): Attached the LOE from borrower for gap in employment from [Redacted]. [Redacted] - Requested the LOE from borrower for gap in employment from [Redacted]. Reviewer Comment (2025-01-13): Exception is for use of RSU, exception remains. Seller Comment (2025-01-09): Approved Exception on page [Redacted] of [Redacted]that includes the borrower for gap in employment from [Redacted]. |
01/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250733 | 32520402 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Notice of Right To Cancel Not Provided to All Required Parties | Truth in Lending Act: Notice of Right to Cancel was not signed by all parties whose ownership interest is or will be subject to the security interest. | Notice of Right to Cancel in file was not signed. | Reviewer Comment (2025-01-09): Signed RTC provided, exception cleared. Seller Comment (2025-01-07): [Redacted] - Uploaded Executed Notice of Right to Cancel - provided by closer - to [Redacted]. Please review and clear exception. |
01/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||
| 20250733 | 32536231 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Attorney Review Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-31): Sufficient Cure Provided At Closing |
12/31/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||
| 20250733 | 32603841 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___ Disaster Declaration Date: ___ |
Property inspected post disaster but pre-FEMA declaration of disaster end date. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redacted] | SitusAMC,Aggregator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-01-29): The client elects to waive. Seller Comment (2025-01-28): Attached the Disaster Inspection |
01/29/2025 | 2 | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | A | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 20250734 | 32652933 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Service Charges. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Service Charges was not disclosed on LE but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-01-27): [Redacted] received corrected PCCD and LOE correcting the fee name paid to title. Seller Comment (2025-01-23): [Redacted] - Entered comments in [Redacted]& [Redacted]. Uploaded LOX, PCCD & Copy of [Redacted]Mailing to borrower. There is no tolerance violation or cure due to the borrower. Mortgage Satisfaction Service Fee was named incorrectly - it has been corrected to "Title - Mortgage Satisfaction Service Fee " on the PCCD. This is a clerical change only - all amounts, terms and calculations match the Executed Final CD at closing. Please review and clear exception. Seller Comment (2025-01-23): [Redacted] - Entered comments in [Redacted]& [Redacted]. Uploaded LOX, PCCD & Copy of [Redacted]Mailing to borrower. There is no tolerance violation or cure due to the borrower. Mortgage Satisfaction Service Fee was named incorrectly - it has been corrected to "Title - Mortgage Satisfaction Service Fee " on the PCCD. This is a clerical change only - all amounts, terms and calculations match the Executed Final CD at closing. Please review and clear exception. Seller Comment (2025-01-23): [Redacted] - Entered comments in [Redacted]. Uploaded LOX, PCCD & Copy of [Redacted] Mailing to borrower. There is no tolerance violation or cure due to the borrower. Mortgage Satisfaction Service Fee was named incorrectly - it has been corrected to "Title - Mortgage Satisfaction Service Fee " on the PCCD. This is a clerical change only - all amounts, terms and calculations match the Executed Final CD at closing. Please review and clear exception. |
01/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20250734 | 32655089 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for NSFs contingent on [Redacted] months reserves. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has owned the subject property for at least [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. |
$[Redacted] residual income. [Redacted] months reserves. LTV/CLTV is [Redacted] below guideline max. LTV/CLTV is [Redacted] below guideline max. |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-01-16): Lender exception in file. |
01/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 20250735 | 32661778 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-02-05): Final Title provided, exception cleared. |
02/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 20250735 | 32661876 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted]disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted] is over disclosed by $[Redacted] compared to the calculated Amount Financed of $[Redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated[Redacted]). | Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted] is over disclosed by $[Redacted] compared to the calculated Amount Financed of $[Redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate | Reviewer Comment (2025-01-30): [Redacted] received lender attestation on services/purpose of fee and not finance charge. Seller Comment (2025-01-29): [Redacted] - Entered comments in [Redacted] & [Redacted]. The Finance Charge is not under-disclosed - the closer provided an explanation, which should suffice. Uploaded LOX & Copy of Receipt from attorney to [Redacted]. The closer advised the Lien Payoff Fee [Redacted] disclosed in Section H - Page [Redacted]- is for re-imbursement on a cash transaction between city and attorney, which is a misc. fee and not a finance charge. This was to obtain the most up to date payoff amounts for the judgment liens against the property to be disclosed on the Final CD at Closing. The attorney confirmed this information. The loan has three judgment liens being paid off at time of closing, showing on page [Redacted] of the Executed Final CD at closing. There is not a line item in the system for payoff receipt, so the closer chose the closest fee name - Lien Payoff. Please review and clear exception. Seller Comment (2025-01-29): [Redacted] - Entered comments in [Redacted]l & [Redacted]. The Finance Charge is not under-disclosed - the closer provided an explanation, which should suffice. Uploaded LOX & Copy of Receipt from attorney to [Redacted]. The closer advised the Lien Payoff Fee [Redacted] disclosed in Section H - Page [Redacted]- is for re-imbursement on a cash transaction between city and attorney, which is a misc. fee and not a finance charge. This was to obtain the most up to date payoff amounts for the judgment liens against the property to be disclosed on the Final CD at Closing. The attorney confirmed this information. The loan has three judgment liens being paid off at time of closing, showing on page 3 of the Executed Final CD at closing. There is not a line item in the system for payoff receipt, so the closer chose the closest fee name - Lien Payoff. Please review and clear exception. |
01/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||
| 20250735 | 32661877 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[Redacted] disclosed an inaccurate Finance Charge on page [Redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated[Redacted]. | Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page [Redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted] is under disclosed by $[Redacted] compared to the calculated Finance Charge of $[Redacted] which exceeds the $[Redacted] threshold | Reviewer Comment (2025-01-30): [Redacted] received lender attestation on services/purpose of fee and not finance charge. Seller Comment (2025-01-29): [Redacted] - Entered comments in[Redacted] &[Redacted]. The Finance Charge is not under-disclosed - the closer provided an explanation, which should suffice. Uploaded LOX & Copy of Receipt from attorney to [Redacted]. The closer advised the Lien Payoff Fee [Redacted] disclosed in Section H - Page [Redacted]- is for re-imbursement on a cash transaction between city and attorney, which is a misc. fee and not a finance charge. This was to obtain the most up to date payoff amounts for the judgment liens against the property to be disclosed on the Final CD at Closing. The attorney confirmed this information. The loan has three judgment liens being paid off at time of closing, showing on page [Redacted] of the Executed Final CD at closing. There is not a line item in the system for payoff receipt, so the closer chose the closest fee name - Lien Payoff. Please review and clear exception. Seller Comment (2025-01-29): [Redacted] - Entered comments in [Redacted]l & [Redacted]. The Finance Charge is not under-disclosed - the closer provided an explanation, which should suffice. Uploaded LOX & Copy of Receipt from attorney to [Redacted]. The closer advised the Lien Payoff Fee [Redacted] disclosed in Section H - Page [Redacted]- is for re-imbursement on a cash transaction between city and attorney, which is a misc. fee and not a finance charge. This was to obtain the most up to date payoff amounts for the judgment liens against the property to be disclosed on the Final CD at Closing. The attorney confirmed this information. The loan has three judgment liens being paid off at time of closing, showing on page [Redacted]of the Executed Final CD at closing. There is not a line item in the system for payoff receipt, so the closer chose the closest fee name - Lien Payoff. Please review and clear exception. |
01/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||
| 20250735 | 32661878 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three ([Redacted]) business days of application. Initial Loan Estimate dated [Redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Loan Estimate not delivered to Borrower(s) within three ([Redacted]) business days of application. Initial Loan Estimate dated [Redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Reviewer Comment (2025-01-30): [Redacted] received disclosure tracking and the eConsent received on [Redacted]. Seller Comment (2025-01-28): [Redacted] - Entered comments in [Redacted] & [Redacted]. Exception is invalid - please cancel. Uploaded LOX to [Redacted]. There is no Loan Estimate Timing violation on this loan. The application was received by the lender [Redacted] - Initial Disclosure Package, including, Initial Loan Estimate issued one (1) business day after application received on [Redacted]. E-Consent to receive electronic documents is not provided prior to application or Initial Disclosure Package - within the 1003/application. This is standard procedure on all loans - borrower consented to e-sign upon receipt of Initial Disclosure Package [Redacted]. DocMagic e-Sign Console and MeridianLink Audit History support completion of e-consent at time of Initial Disclosures issued [Redacted]. |
01/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20250735 | 32661879 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted] Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-01-30): [Redacted] received additional rebuttal comment with valid Changed circumstance. Seller Comment (2025-01-28): [Redacted]- Entered comments in [Redacted]&[Redacted]. Exception is invalid - please cancel. COC with valid reason for the change in the file at time of review. COC located in [Redacted]- Page [Redacted]- Document # [Redacted]. Appraisal Re-Inspection Fee [Redacted] - added due to Appraisal Subject to repairs per Appraisal Report signed by appraiser on [Redacted]. Re-disclosed LE issued [Redacted] - located in [Redacted]- Pages [Redacted]- Document[Redacted] Appraisal Re-inspection Fee decreased to [Redacted] on ICD issued [Redacted] & remained the same through Executed Final CD. |
01/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||
| 20250735 | 32667769 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title search shows negative impact on title. | Judgements on title, paid off at closing. Provide final clear Title. | Reviewer Comment (2025-02-05): Final Title provided, exception cleared. Seller Comment (2025-02-03): Attached the Final Title. Reviewer Comment (2025-01-27): This is for the judgments, not the taxes. Final Title is required. Seller Comment (2025-01-23): Attached Proof the Tax Lien was paid. |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 20250737 | 32702279 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Rider - Other not provided | Accommodation Rider is missing in file. | Reviewer Comment (2025-02-10): After further review, exception cancelled. Seller Comment (2025-02-07): On page [Redacted]of [Redacted] we have the Personal Guaranty in place of the Accommodation Rider. Please Cancel. |
02/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250737 | 32703268 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing either a gift letter showing that the earnest money deposit is a gift or a copy of Schedule A of the operating agreement showing [Redacted] as a member of [Redacted]. Schedule A list of members in file for this entity does not reflect [Redacted] as a member. | Reviewer Comment (2025-02-26): Documentation provided; exception cleared. Seller Comment (2025-02-25): Attached document that proves the borrower had her name changed. Please Clear. Reviewer Comment (2025-02-10): The operating agreement shows [Redacted] other names, not [Redacted]. Seller Comment (2025-02-07): On page [Redacted] of [Redacted]is the first page and beginning of the Operating Agreement. On page [Redacted] of [Redacted] , at the bottom of the page, is Schedule A, showing [Redacted] as a member of [Redacted] with a [Redacted] take in the company. Please Cancel. |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250741 | 32698131 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-23): Sufficient Cure Provided At Closing |
01/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||
| 20250744 | 32698394 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2025-02-11): Received and associated E-sign Consent Agreement document. Exception cleared. Seller Comment (2025-02-10): Attached the E-Sign Consent Agreement. |
02/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250744 | 32699213 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Missing 12 month consecutive payment history of primary residence including rental property listed. | Reviewer Comment (2025-02-13): Received Mortgage payment for Primary Residence and [Redacted] months history verified. Exception Cleared Seller Comment (2025-02-11): attached a copy of some of the mortgage statements and the Mortgage history at the bottom one of them shows his [Redacted] month housing history with the mortgage payment history. |
02/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250745 | 32708464 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Single entity ownership, lender exception in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
$[Redacted] residual income [Redacted] months reserves LTV/CLTV is [Redacted] below guideline max. LTV/CLTV is [Redacted] below guideline max. DTI is [Redacted] below guideline max. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-01-24): Lender exception in file. |
01/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 20250746 | 32607832 | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | Reviewer Comment (2025-01-23): Updated CDA provided. Seller Comment (2025-01-21): Attached the Updated CDA. |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | A | A | A | A | A | C | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 20250747 | 32685036 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide proof of [Redacted] month landlord history, otherwise borrower must qualify as FTI which only allows minimum DSCR of [Redacted]. | Reviewer Comment (2025-02-27): Documentation provided; exception cleared. Seller Comment (2025-02-27): Doc Seller Comment (2025-02-27): Attached the LOE from the borrower, along with a print of there [Redacted] profile that shows they have been renting for over a year and the Property Details Report to prove they have [Redacted]months landlord history. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250747 | 32685159 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Reviewer Comment (2025-02-27): Documentation provided; exception cleared. Seller Comment (2025-02-27): Attached the Articles of Organization along with the Certificate of Amendment changing the name from [Redacted] to [Redacted] |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||
| 20250748 | 32926345 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redacted] | SitusAMC,Aggregator | Reviewer Comment (2025-02-25): A [Redacted] was provided, and no visible damage was reported. |
02/25/2025 | 2 | B | B | B | B | B | CA | Primary | Purchase | A | B | A | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 20250752 | 32706654 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide evidence borrower has landlord history for at least [Redacted] months in the last [Redacted] years. | Reviewer Comment (2025-02-05): Documentation provided; exception cleared. Seller Comment (2025-02-03): Attached the LOE that evidence borrower has landlord history for at least [Redacted] months in the last [Redacted]years. |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250753 | 32667067 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. | Lender exception in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves LTV is [Redacted] below guideline max. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-01-17): Lender exception in file. |
01/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||
| 20250754 | 32731505 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___ Disaster Declaration Date: ___ |
The subject property is located in a FEMA disaster area that does not have a declared end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redacted] | SitusAMC,Aggregator | Reviewer Comment (2025-02-12): A [Redacted] was provided, and no visible damage was found. Seller Comment (2025-02-10): Attached the [Redacted] |
02/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||
| 20250756 | 32712520 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing twelve month pay history for primary residence. | Reviewer Comment (2025-02-13): Documentation provided; exception cleared. Seller Comment (2025-02-13): Updated [Redacted], LOE on page [Redacted]of [Redacted]. Reviewer Comment (2025-02-10): The 1003 does not reflect the primary in the REO section. Please add to the 1003 to determine what the monthly mortgage payment is so we can verify with documentation. Seller Comment (2025-02-07): On page [Redacted] of [Redacted] we have over [Redacted] months payment history for the Primary Residence on the Credit Report and we also have the Primary print out from the LOS on page [Redacted]. Please Cancel. |
02/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20250756 | 32734756 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Business Entity is layered with a Trust. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | SitusAMC,Aggregator SitusAMC |
Reviewer Comment (2025-01-29): The client elects to waive. |
01/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20250757 | 32683965 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | The file is missing a copy of the Employer Identification Number (EIN). | Reviewer Comment (2025-02-03): Received and associated Employer Identification Number (EIN) for [Redacted]. Exception cleared. Seller Comment (2025-01-30): Attached the EIN Number |
02/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250761 | 32741205 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower is non-permanent resident alien on an asylum category ([Redacted]) from Ecuador, lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-02-03): Lender exception in file. |
02/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20250763 | 32696755 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Insufficient assets verified to meet reserve requirements. | Reviewer Comment (2025-02-05): Documentation provided; exception cleared. Seller Comment (2025-02-03): Waterfall to [Redacted] |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250763 | 32696756 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | Insufficient assets verified to meet reserve requirements. | Reviewer Comment (2025-02-05): Documentation provided; exception cleared. Seller Comment (2025-02-03): Waterfall to [Redacted] |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250763 | 32696761 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Insufficient assets verified to meet closing and reserve requirements. | Reviewer Comment (2025-02-05): Documentation provided; exception cleared. Seller Comment (2025-02-03): Waterfall to[Redacted] |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250763 | 32696781 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The bottom of page 1 of the final Hud is cut off. Please provide full page to verify amount of funds required for closing. | Reviewer Comment (2025-02-05): Documentation provided; exception cleared. Seller Comment (2025-02-03): Attached the full Final HUD. |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250765 | 32737658 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception provided to use a business account that is a trust account. | Borrower has been employed in the same industry for more than[Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
$[Redacted] residual income. [Redacted] months reserves. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-01-31): Lender exception in file. |
01/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 20250766 | 32695447 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-23): Sufficient Cure Provided At Closing |
01/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | HI | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||
| 20250767 | 32774180 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | FTI, less than [Redacted] months landlord history, lender exception provided. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-02-03): Lender exception in file. |
02/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20250770 | 32706733 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | First time investor doing cash out loan, lender exception in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is[Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-01-24): Lender exception in file. |
01/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20250772 | 32711123 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-27): Sufficient Cure Provided At Closing |
01/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | VA | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20250774 | 32733805 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy amount is blank. The Final policy was not provided. | Reviewer Comment (2025-02-11): Received and associated Supplemental Title preliminary title policy amount [Redacted]. Exception cleared. Seller Comment (2025-02-10): Attached the Correct Supplemental report. |
02/11/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 20250774 | 32754244 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing [Redacted] month housing history for current residence/subject property. | Reviewer Comment (2025-02-27): Documentation provided; exception cleared. Seller Comment (2025-02-27): Attached the VOM to complete the [Redacted] month mortgage history. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 20250774 | 32754309 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower [Redacted] does not meet tradeline requirement, lender exception in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly mortgage payment has decreased by at least [Redacted]%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The refinance has decreased the borrower's monthly debt payments by [Redacted]% or more. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted] residual income. [Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-01-31): Lender exception in file. |
01/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 20250777 | 32829290 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Insurance Binder Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Fee was added without a VCC. | Reviewer Comment (2025-02-04): [Redacted]received corrected PCCD and LOE moving the fee from section B to C. Buyer Comment (2025-02-03): See uploaded email regarding fee changes made on PCCD Reviewer Comment (2025-01-30): [Redacted]Received Corrected PCCD; however, LOE not provided. Provide LOE describing the changes made on PCCD. Buyer Comment (2025-01-29): See Uploaded PCCD |
02/04/2025 | 1 | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 20250778 | 32829224 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | Per the appraisal, the subject is rented. Please provide lease agreements for both units. | Reviewer Comment (2025-01-27): Received and associated lease agreement. Exception cleared. Buyer Comment (2025-01-24): See lease documents Reviewer Comment (2025-01-23): Please Provide lease agreement for both units of the subject property as required per guidelines. Exception remains. Buyer Comment (2025-01-21): see docs provided |
01/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250779 | 32829226 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower is currently [Redacted] and unable to document [Redacted] months of rental receipt, lender exception in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. LTV is [Redacted] below guide max. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-01-24): Lender exception in file. |
01/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20250780 | 32829211 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception provided for borrower currently living rent free and is unable to document [Redacted] months of rental receipt. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-01-09): Lender exception in file. |
01/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20250781 | 32829255 | Compliance | Loan Package Documentation | Loan File | Incomplete File | (Missing Doc) Incomplete loan images/file | Missing bank statements, UW income worksheet | Reviewer Comment (2024-12-11): Documentation provided. |
12/11/2024 | 1 | D | A | D | A | D | A | D | A | D | A | AZ | Primary | Purchase | D | A | C | A | D | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250781 | 32829257 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Divorce Decree / Child Support not provided | The file is missing a copy of a Divorce Decree / Child Support documentation to verify monthly child spupport expense. | Reviewer Comment (2024-12-23): Received and associated Child Support document. Exception cleared. Buyer Comment (2024-12-19): See divorce decree |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | D | A | C | A | D | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250781 | 32829259 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $[Redacted] is less than Cash From Borrower $[Redacted]. Business funds were used for closing. Require borrower statement or CPA letter stating use of Business funds will not negatively affect the Business. | Reviewer Comment (2024-12-26): Received and associated LOE from borrower stating that use of business funds will not have a negative impact on the business. Exception cleared. Buyer Comment (2024-12-24): See lox |
12/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | D | A | C | A | D | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250781 | 32829260 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Mortgage Statement | Reviewer Comment (2024-12-18): Received and associated Mortgage statement for [Redacted]. Exception cleared. Buyer Comment (2024-12-18): See docs provided |
12/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | D | A | C | A | D | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250781 | 32829261 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Tax verification. | Reviewer Comment (2025-01-16): Received and associated Tax Verification document for [Redacted]. Exception cleared. Buyer Comment (2025-01-15): See tax docs Reviewer Comment (2025-01-14): Please Provide Tax verification document for Parcel [Redacted] address. Exception remains. Buyer Comment (2025-01-13): See doc provided Reviewer Comment (2024-12-31): Please provide tax verification and HOA for [Redacted] as per final [Redacted] for [Redacted]. Exception remains. Buyer Comment (2024-12-27): Taxes are escrowed per the mortgage statement that was sent in. Please review Reviewer Comment (2024-12-26): Please provide Tax verification, and HOA for Parcel [Redacted],Mead, [Redacted] as per final [Redacted]. Exception remains. Buyer Comment (2024-12-24): See docs provided Reviewer Comment (2024-12-18): Please provide Tax verification, Hazard Insurance and HOA for [Redacted] Exception remains Buyer Comment (2024-12-17): please see attached statement |
01/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | D | A | C | A | D | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250781 | 32829262 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Missing [Redacted] month housing history from borrower's current primary. Per guides, provide a VOR from property management company, or if private, provide lease agreement and [Redacted] months bank statements or cancelled checks to verify [Redacted] month history. | Reviewer Comment (2024-12-26): Received and associated Verification of Rent (VOR). Exception Cleared. Buyer Comment (2024-12-24): See VOR provided |
12/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | D | A | C | A | D | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250783 | 32829201 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file. | Reviewer Comment (2024-12-26): Documentation provided; exception cleared. Buyer Comment (2024-12-23): Title showing [Redacted]. |
12/26/2024 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250783 | 32829202 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide evidence borrower has [Redacted] month history of owning and managing rental property in last [Redacted] years. | Reviewer Comment (2025-01-22): Documentation provided; exception cleared. Buyer Comment (2025-01-17): LOX attached |
01/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250785 | 32829270 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Approval document is missing in the file. | Reviewer Comment (2025-01-13): Received and associated Loan Underwriting and Transmittal Summary [Redacted]/ MCAW document. Exception Cleared. Buyer Comment (2025-01-10): [Redacted] |
01/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250785 | 32829273 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing third party verification dated within [Redacted] days prior to the Note date. | Reviewer Comment (2025-01-21): Documentation provided; exception cleared. Buyer Comment (2025-01-16): VOE |
01/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250786 | 32829229 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | HUD-1 total cash-out of ___ is greater than Guideline total cash-out of ___. | Max cash in hand per guidelines is $[Redacted]. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | SitusAMC,Aggregator SitusAMC |
Reviewer Comment (2025-01-29): The client elects to waive. Buyer Comment (2025-01-28): See uploaded approved exception |
01/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| 20250787 | 32829221 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Rider - Other not provided | Missing rider for prepayment. | Reviewer Comment (2025-01-31): Documentation provided; exception cleared. Buyer Comment (2025-01-30): See Uploaded PPP Rider |
01/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20250787 | 32829222 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception provided for not having ownership however is obligated on the mortgage therefore not living rent free. Guidelines require the borrower to own a primary, rent a primary, or live rent free. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-01-17): Lender exception in file. |
01/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20250790 | 32829215 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | - | Reviewer Comment (2025-01-13): Received and associated Final Inspection / [Redacted] document. Exception Cleared. Buyer Comment (2025-01-10): See Uploaded Form [Redacted] |
01/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Cash-out - Other | C | A | A | A | C | A | N/A | No | ||||||||||||||||
| 20250791 | 32829285 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Validation of the legitimacy of the CPA is missing. | Reviewer Comment (2025-01-24): Documentation provided; exception cleared. Buyer Comment (2025-01-23): PTIN verification |
01/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250792 | 32829299 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-15): Sufficient Cure Provided At Closing |
01/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | Final CD evidences Cure | D | A | C | A | A | A | D | A | Non QM | Non QM | Yes | ||||||||||||
| 20250792 | 32829302 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [Redacted] | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-01-22): Received secondary valuation CDA with value [Redacted]. Exception Cleared. Buyer Comment (2025-01-21): CDA |
01/22/2025 | 1 | D | A | D | A | D | A | D | A | D | A | GA | Primary | Purchase | D | A | C | A | A | A | D | A | Non QM | Non QM | No | |||||||||||||
| 20250792 | 32829303 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for three months cash rent payments, however a [Redacted] month history is required. Please provide the additional verifications for the other [Redacted] months rental history. | Reviewer Comment (2025-01-23): Documentation provided; exception cleared. Buyer Comment (2025-01-21): VOR |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | D | A | C | A | A | A | D | A | Non QM | Non QM | No | |||||||||||||
| 20250793 | 32829306 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three ([Redacted]) business days of application. | Loan Estimate dated [Redacted] was provided more than three ([Redacted]) business days after application date of [Redacted]. | Reviewer Comment (2025-01-23): [Redacted] received LOE, corrected application date as per [Redacted]with all [Redacted] pieces of information. Buyer Comment (2025-01-22): [Redacted] dated [Redacted] has a subject property address of: TBD, to be determined. Does not qualify as an application date. Please clear. Reviewer Comment (2025-01-21): The timing for the LE under [Redacted]. [Redacted](e) [Redacted](iii) is three business days from application. Initial LE issued [Redacted]. On this loan, the LE should have been issued within [Redacted] business days of the broker application date of [Redacted]. Buyer Comment (2025-01-16): LOE and tracking |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250793 | 32829308 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | The file was missing a copy of the[Redacted] month Business Account Statement | Reviewer Comment (2025-01-24): Received and associated business bank statements from [Redacted] [Redacted] for the month of July [Redacted]. Exception cleared. Buyer Comment (2025-01-22): [Redacted]banking statement uploaded to [Redacted]. |
01/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250793 | 32829310 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | The file was missing a copy of the[Redacted] month business account statement | Reviewer Comment (2025-01-24): Received and associated business bank statements from [Redacted] [Redacted] for the month of July [Redacted]. Exception cleared. Buyer Comment (2025-01-22): July banking statement uploaded to [Redacted] |
01/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250793 | 32829311 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [Redacted] is less than Guideline PITIA months reserves of [Redacted]. | Reviewer Comment (2025-01-31): Documentation provided; exception cleared. Buyer Comment (2025-01-30): Source of large deposit Buyer Comment (2025-01-30): Transaction history Buyer Comment (2025-01-30): LOE Reviewer Comment (2025-01-16): Please provide additional asset to meet PITIA Reserves months of [Redacted], as per calculation PITIA reserves months is [Redacted]. Exception remains. Buyer Comment (2025-01-16): Uploaded to [Redacted] |
01/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250793 | 32829312 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Guidelines require [Redacted]or more consecutive months bank statements. | Missing evidence of receipt of gift funds via wire, check, etc. | Reviewer Comment (2025-01-31): Documentation provided; exception cleared. Buyer Comment (2025-01-30): Asset docs uploaded to [Redacted] Reviewer Comment (2025-01-24): Insufficient assets to meet reserve requirement. Buyer Comment (2025-01-22): [Redacted] banking statement Reviewer Comment (2025-01-21): Missing [Redacted] business bank statements. Buyer Comment (2025-01-16): Gift docs |
01/31/2025 | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20250793 | 32829313 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Guidelines require [Redacted]or more consecutive months bank statements. | Loan is at ATR risk due to insufficient reserves. | Reviewer Comment (2025-01-31): Documentation provided; exception cleared. Buyer Comment (2025-01-30): Asset docs uploaded to [Redacted] Reviewer Comment (2025-01-24): Insufficient assets to meet reserve requirement. Buyer Comment (2025-01-22): [Redacted] banking statement uploaded to [Redacted] |
01/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250793 | 32829315 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Missing documentation reflecting source of gift funds. | Reviewer Comment (2025-01-21): Documentation provided; exception cleared. |
01/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250793 | 32829316 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing twelve month housing pay history for primary residence. Based on bank statements which reflect $[Redacted] rent amount in file the longest pay history spans from [Redacted] to [Redacted]. Pay history is missing [Redacted], [Redacted], and [Redacted]. | Reviewer Comment (2025-01-21): Documentation provided; exception cleared. Buyer Comment (2025-01-16): LOE, check, and evidence it cleared |
01/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250795 | 32829206 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Reviewer Comment (2025-01-17): Documentation provided; exception cleared. Reviewer Comment (2025-01-14): Please provide Corporation Resolution document with all details for [Redacted]. Exception remains. Buyer Comment (2025-01-13): Personal Guarantee Buyer Comment (2025-01-13): Operating agreement showing sole member |
01/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||
| 20250795 | 32829208 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Reviewer Comment (2025-01-09): Received and associated Note Addendum - Prepayment. Exception cleared. Buyer Comment (2025-01-08): Prepayment Addendum |
01/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Investment | Purchase | C | A | C | A | A | A | N/A | Yes | |||||||||||||||||
| 20250797 | 32829293 | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Title Commitment or Preliminary title policy amount is blank. A Final policy was not provided. | Reviewer Comment (2025-01-14): Received and associated Title Commitment with title policy amount [Redacted]. Exception cleared. Buyer Comment (2025-01-14): attached Buyer Comment (2025-01-14): Title with loan amount |
01/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WI | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250797 | 32829294 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Missing [Redacted] month Verification of Rent for current primary. | Reviewer Comment (2025-01-16): Documentation provided; exception cleared. Buyer Comment (2025-01-15): VOR |
01/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WI | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250798 | 32829281 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure:[Redacted] Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-08): Sufficient Cure Provided At Closing |
01/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20250799 | 32829264 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2025-01-15): Received and associated E-sign Agreement document. Exception cleared. Buyer Comment (2025-01-14): see docs provided Reviewer Comment (2025-01-09): Please provide E-Sign Consent Agreement within three [Redacted] business days of Creditor Application Date. Exception remains Buyer Comment (2025-01-08): see doc provided |
01/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250799 | 32829266 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-02): Sufficient Cure Provided At Closing |
01/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | AR | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20250799 | 32829267 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing verification of borrower's percentage of business ownership. | Reviewer Comment (2025-01-09): Received and associated LOE for [Redacted]. Exception cleared. Buyer Comment (2025-01-08): see docs provided |
01/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250799 | 32829268 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Please provide E-Sign Consent Agreement within three ([Redacted]) business days of Creditor Application Date. Exception remains | Reviewer Comment (2025-01-23): Received and associated E-sign Agreement document. Exception cleared. Buyer Comment (2025-01-22): See docs provided Reviewer Comment (2025-01-15): The eSign Agreement provided is a generic form and it does not reflect that the borrower consented to electronically signing the loan documents. The only docusign log provided is dated [Redacted] the day of closing but the borrower e-signed the initial LE on [Redacted]. Buyer Comment (2025-01-14): see docs provided |
01/23/2025 | 1 | A | A | A | A | A | AR | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||||
| 20250801 | 32829210 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___ Disaster Declaration Date: ___ |
Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redacted]. | SitusAMC | Reviewer Comment (2025-02-03): Property inspected after declaration date, prior to end date. |
02/03/2025 | 2 | B | B | B | B | B | CA | Investment | Purchase | A | B | A | B | A | A | N/A | No | ||||||||||||||||||
| 20250803 | 32829218 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2025-01-23): Received and associated Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-01-22): See docs provided |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||
| 20250807 | 33091151 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-03-17): Final title provided, exception cleared. |
03/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20250807 | 33091152 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file. | Reviewer Comment (2025-03-17): Final title provided, exception cleared. Buyer Comment (2025-03-13): see docs provided |
03/17/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250807 | 33091155 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | [Redacted] Business Narrative or a similar form is required | Reviewer Comment (2025-03-17): Documentation provided; exception cleared. Buyer Comment (2025-03-13): see docs provided |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250808 | 33005321 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing [Redacted] months proof of monthly payments for private mortgage being paid off on subject, FM lender exception in file however missing lender exception from [Redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-25): Lender exceptions in file. Buyer Comment (2025-02-24): Exception approval |
02/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CT | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20250809 | 33005325 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception provided for not showing [Redacted] months proof of monthly payments for the private mortgage being paid off, missing lender exception from [Redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-27): Lender exception in file. Buyer Comment (2025-02-26): Arc exception approval |
02/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CT | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20250810 | 33057009 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three ([Redacted]) business days prior to closing. | Closing Disclosure not provided to Borrower at least three business days prior to closing. | Reviewer Comment (2025-03-05): [Redacted] received initial CD. Buyer Comment (2025-03-05): see docs provided |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20250811 | 33125673 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Missing [Redacted] month rental history, if borrower rents from private landlord, lease and cancelled checks or bank statements required. | Reviewer Comment (2025-03-17): Documentation provided; exception cleared. Buyer Comment (2025-03-13): See docs provided |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250812 | 33125661 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | An [Redacted] lender approved exception for the use of alternative documentation for self employment income verification was provided, however missing lender exception from [Redacted]. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Employed more than [Redacted] yrs $[Redacted] residual income. [Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-13): Lender exceptions in file. Buyer Comment (2025-03-12): see docs provided |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20250814 | 33220226 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Interest Only not provided | Reviewer Comment (2025-04-02): Received and associated Interest Only Note. Exception cleared. Buyer Comment (2025-04-02): Please re-review, documentation uploaded again. All documentation provided, COC, Interest-Only Note and PCCD. Reviewer Comment (2025-03-31): No interest only documentation in note. PCCD showing in current loan file not int only loan. No new documents located in the loan file. Buyer Comment (2025-03-28): See uploaded PCCD, COC and Interest Only Note |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 20250814 | 33220227 | Compliance | Compliance | Federal Compliance | TRID | TRID Final Closing Disclosure Principal and Interest Change After Closing Testing | TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the Principal and Interest Payment can change. | Loan approved as Interest Only. Final Closing Disclosure is missing Interest Only Terms. | Reviewer Comment (2025-04-04): [Redacted]received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2025-04-02): Please re-review, documentation uploaded again. All documentation provided, COC, Interest-Only Note and PCCD attached to condition [Redacted] Reviewer Comment (2025-03-31): No interest only documentation in note. PCCD showing in current loan file not int only loan. No new documents located in the loan file. Buyer Comment (2025-03-28): See uploaded PCCD, COC and Interest Only Note |
04/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20250814 | 33220228 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Product Feature Test | TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] did not disclose a Product Feature for a loan that contains a product feature. | Loan approved as Interest Only. Final Closing Disclosure is missing Interest Only Terms. | Reviewer Comment (2025-04-04): [Redacted]received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2025-04-02): Please re-review, documentation uploaded again. All documentation provided, COC, Interest-Only Note and PCCD attached to condition[Redacted] Reviewer Comment (2025-03-31): No interest only documentation in note. PCCD showing in current loan file not int only loan. No new documents located in the loan file. Buyer Comment (2025-03-28): See uploaded PCCD, COC and Interest Only Note |
04/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20250814 | 33220229 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for less than [Redacted] years self-employment history. Approval in file. | Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. LTV/CLTV is [Redacted]% below guideline max. LTV/CLTV is [Redacted]% below guideline max. Fico is [Redacted]points above guideline minimum. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-28): Lender exception in file. |
03/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 20250814 | 33220230 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Product Testing | TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Product that does not match the actual product for the loan. Additional AIR/AP table failures could apply for loans with an adjustable rate or adjustable payment with incorrect Product disclosure. | Final CD did not disclose correct product | Reviewer Comment (2025-04-04): [Redacted]received Letter of Explanation & Corrected Closing Disclosure. |
04/04/2025 | 1 | A | A | A | A | A | AZ | Primary | Purchase | TRID Timing exception, no remediation available. | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 20250816 | 33005303 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | The file is missing a copy of E-sign consent agreement. | Reviewer Comment (2025-03-05): Received and associated E-sign Consent Agreement document. Exception cleared. Buyer Comment (2025-03-05): E-Consent |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250817 | 33318449 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [Redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Loan is failing QM points and fees. | Reviewer Comment (2025-04-16): Documentation provided; exception cleared. Reviewer Comment (2025-04-11): The definition of a " [Redacted]" is "an amount equal to [Redacted]percent of the loan amount paid by the consumer that reduces the interest rate or time-price differential applicable to the transaction based on a calculation that is consistent with established industry practices for determining the amount of reduction in the interest rate or time-price differential appropriate for the amount of discount points paid by the consumer." So while discount points paid to reduce the rate may be eligible for exclusion, any points paid by the consumer to obtain the undiscounted starting rate is not considered excludable from QM points and fees. We will subtract these points from the actual discount points (used for the express purpose of reducing the rate) to determine those points that may be considered for exclusion as bona fide. Given the undiscounted price they provided was [Redacted]% and the discount points paid for reducing the rate is [Redacted]%, there are no points leftover to consider for exclusion. Please confirm the undiscounted price, for obtaining the undiscounted rate of [Redacted]%, is actually [Redacted] ( [Redacted]). Buyer Comment (2025-04-09): Lender point and fees test uploaded to [Redacted] Buyer Comment (2025-04-01): Rate and pricing Reviewer Comment (2025-03-27): It appears the lender excluded discount points, however in order to test whether any discount points can be considered bona fide and excludable, we need the rate set date, the undiscounted (starting adjusted) rate, and the undiscounted rate price. In order to evaluate whether any discount points were bona fide and excludable, we review the following: A: Undiscounted/Starting Adjusted Interest Rate: The rate available to the consumer based on a consumer's profile and loan characteristics (after any adjustments for LTV, FICO, etc). B: Undiscounted/Starting Adjusted Interest Rate Price: The percentage of the total Discount Points that were paid to bring the rate to the Undiscounted/Par interest rate. This is the actual amount of discount points that would be paid by the borrower to obtain the starting adjusted rate as described above. This does NOT include the percentage of the Discount Points on the CD that were actually paid to buy down the Note rate from the Starting Adjusted Rate. Note that a discount point is "bona fide" if it reduces the consumer's interest rate by an amount that reflects established industry practices, such as secondary mortgage market norms ([Redacted]defaults to [Redacted]% and the client selected default setting for this deal is [Redacted]%). Bona fide discount point exclusion: • Exclude up to [Redacted]bona fide discount points if the interest rate before the discount does not exceed the APOR for a comparable transaction by more than [Redacted]percentage point; or • Exclude up to [Redacted] bona fide discount point if the interest rate before the discount does not exceed the APOR for a comparable transaction by more than [Redacted]percentage points. Buyer Comment (2025-03-26): see docs provided |
04/16/2025 | 1 | B | A | C | A | B | A | C | A | B | A | VA | Second Home | Purchase | Lender to provide updated ATR/QM status | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||
| 20250817 | 33318450 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees 2021 | Qualified Mortgage (Dodd Frank [Redacted]): Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted]on a Federal Total Loan Amount of $[Redacted]vs. an allowable total of $[Redacted] (an overage of $[Redacted]or .[Redacted]%). | Provide the undiscounted rate and undiscounted price. | Reviewer Comment (2025-04-16): Documentation provided; exception cleared. Reviewer Comment (2025-04-11): The definition of a " [Redacted]" is "an amount equal to [Redacted]percent of the loan amount paid by the consumer that reduces the interest rate or time-price differential applicable to the transaction based on a calculation that is consistent with established industry practices for determining the amount of reduction in the interest rate or time-price differential appropriate for the amount of discount points paid by the consumer." So while discount points paid to reduce the rate may be eligible for exclusion, any points paid by the consumer to obtain the undiscounted starting rate is not considered excludable from QM points and fees. We will subtract these points from the actual discount points (used for the express purpose of reducing the rate) to determine those points that may be considered for exclusion as bona fide. Given the undiscounted price they provided was [Redacted]nd the discount points paid for reducing the rate is [Redacted]%, there are no points leftover to consider for exclusion. Please confirm the undiscounted price, for obtaining the undiscounted rate of [Redacted], is actually [Redacted] ( [Redacted]). Buyer Comment (2025-04-09): Points and fees test Buyer Comment (2025-04-01): Rate and pricing uploaded to [Redacted] Reviewer Comment (2025-03-27): It appears the lender excluded discount points, however in order to test whether any discount points can be considered bona fide and excludable, we need the rate set date, the undiscounted (starting adjusted) rate, and the undiscounted rate price. In order to evaluate whether any discount points were bona fide and excludable, we review the following: A: Undiscounted/Starting Adjusted Interest Rate: The rate available to the consumer based on a consumer's profile and loan characteristics (after any adjustments for LTV, FICO, etc). B: Undiscounted/Starting Adjusted Interest Rate Price: The percentage of the total Discount Points that were paid to bring the rate to the Undiscounted/Par interest rate. This is the actual amount of discount points that would be paid by the borrower to obtain the starting adjusted rate as described above. This does NOT include the percentage of the Discount Points on the CD that were actually paid to buy down the Note rate from the Starting Adjusted Rate. Note that a discount point is "bona fide" if it reduces the consumer's interest rate by an amount that reflects established industry practices, such as secondary mortgage market norms ( [Redacted]defaults to [Redacted]% and the client selected default setting for this deal is [Redacted]%). Bona fide discount point exclusion: • Exclude up to [Redacted]bona fide discount points if the interest rate before the discount does not exceed the APOR for a comparable transaction by more than [Redacted]percentage point; or • Exclude up to [Redacted]bona fide discount point if the interest rate before the discount does not exceed the APOR for a comparable transaction by more than [Redacted]percentage points. Buyer Comment (2025-03-26): See docs provided |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Second Home | Purchase | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20250817 | 33318452 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted] Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. no cure was provided to the borrower. | Reviewer Comment (2025-04-03): [Redacted]received CD dated [Redacted] and COC. Buyer Comment (2025-04-01): CD for [Redacted] Reviewer Comment (2025-03-28): [Redacted]received changed circumstance dated [Redacted], but a corresponding CD was not provided. Please provide CD for further analysis. Buyer Comment (2025-03-26): See coc provided |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||
| 20250818 | 33005341 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Bank statements from Santander accounts ending with #[Redacted]and #[Redacted]are not available in file. | Reviewer Comment (2025-03-04): Asset documentation provided, exception cleared. Buyer Comment (2025-03-03): Bank statement |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250819 | 33183062 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | An Arc lender exception was provided to allow time vested in [Redacted] to be counted towards cash out seasoning, however the lender exception is cut off. Unable to read all commentary. Also, loan is rate/term refinance, please verify this lender exception is applicable. Last, please provide a lender exception from Guaranteed Rate as well. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted]years. Borrower's monthly mortgage payment has decreased by at least [Redacted]%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The refinance has decreased the borrower's monthly debt payments by [Redacted]% or more. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
[Redacted] months reserves. LTV/CLTV is [Redacted]% below guideline max. LTV/CLTV is [Redacted]% below guideline max. |
SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-19): Lender exception in file. Buyer Comment (2025-03-18): See docs provided |
03/19/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20250820 | 33109731 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-25): Sufficient Cure Provided At Closing |
03/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||
| 20250822 | 33220142 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $1,800.00 exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Valid COC is not available for Appraisal Fee. | Reviewer Comment (2025-04-04): [Redacted]received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Reviewer Comment (2025-04-03): [Redacted] received cure documents for cure of [Redacted] however, the changed circumstance for the first increase for the addition of the 2nd appraisal should be further documented to support the increase and need for 2nd appraisal requirement triggered within [Redacted]days of the [Redacted] LE. Documenting the lender's trigger date of knowledge of the 2nd appraisal requirement should be supported, as initial LE confirms loan amount was over [Redacted] and did not increase. Please provide supporting documents or additional cure of[Redacted] is required. Buyer Comment (2025-04-01): Refund Check Buyer Comment (2025-04-01): Refund LOX Buyer Comment (2025-04-01): Proof of Mailing Buyer Comment (2025-04-01): PCCD dated [Redacted] Buyer Comment (2025-04-01): LE and COC Reviewer Comment (2025-03-20): The changed circumstance for the first increase for the addition of the [Redacted] appraisal should be further documented to support the increase and need for [Redacted]appraisal requirement triggered within [Redacted]days of the [Redacted] LE. Documenting the lender's trigger date of knowledge of the 2nd appraisal requirement should be supported, as initial LE confirms loan amount was over[Redacted] and did not increase. As for the increase from [Redacted] to[Redacted], we cannot accept reason that lender received the quote. Would require documentation that supports lender's knowledge of the quote increase and reasons for why fee is being increased. An invoice receipt is not acceptable documentation. If lender received information from appraiser indicating certain conditions not reasonably known to the creditor after exercising diligence on [Redacted] or within [Redacted] days of [Redacted] that would support an increase in the appraisal costs (i.e. property in rural area, special access requirements, etc that would require additional appraisal costs), then this could be a valid changed circumstance but additional supporting documentation is required to determine. System notes, conversation logs, appraiser communications can help support the timeline and lender's knowledge of the fee changes. Reviewer Comment (2025-03-20): EXCEPTION HISTORY - Exception Detail was updated on[Redacted] PRIOR Exception Detail: TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. [Redacted] Reviewer Comment (2025-03-18): TRID Grid [Redacted], additional considerations, row [Redacted]) the date of the changed circumstance (i.e. the date the creditor received information sufficient to establish that one of the reasons for revision provided under [Redacted](e)([Redacted])(iv)(A) through (F) has occurred)...Provided documentation indicates the inclusion of the second appraisal, as policy, when the first appraisal is completed. Please Clarify, was the second appraisal ordered based on the results of the initial appraisal that would indicate a need for a second appraisal fee, in which case please provide a reason for the requirement, or were the loan amount and underwriting guidelines used in this transaction already requiring a [Redacted]appraisal, in which case the need for the fee was known but not disclosed at initial disclosure and a cure is required? Reviewer Comment (2025-03-18): [Redacted] received LOX for rebuttal response indicates that "[Redacted] received the quote for 2nd investor required appraisal on [Redacted]". however there seems to be no documentation in the loan file of the investor request. Please provide documentation of the reason for the increase in the appraisal fee What information was received that required the increase in the fee and when was that information received, or Cure would be due to borrower. Buyer Comment (2025-03-14): See lender provided LOX Reviewer Comment (2025-03-12): [Redacted] received Changed Circumstance dated [Redacted], but it does not give sufficient information on why the Appraisal fee was increased. In order to determine if the changed circumstance is valid more information is necessary on reason fee increase and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-03-11): See Uploaded LE and COC |
04/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20250823 | 33056829 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Missing donor check or wire of gift funds in the amount of $[Redacted]to title company from donor of gift. | Reviewer Comment (2025-03-07): Documentation provided; exception cleared. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250823 | 33056830 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Missing donor check or wire of gift funds in the amount of $[Redacted]to title company from donor of gift. | Reviewer Comment (2025-03-07): Documentation provided; exception cleared. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250823 | 33056831 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | Missing donor check or wire of gift funds in the amount of $[Redacted]to title company from donor of gift. | Reviewer Comment (2025-03-07): Documentation provided; exception cleared. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250823 | 33056832 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | Missing donor check or wire of gift funds in the amount of $[Redacted] to title company from donor of gift. | Reviewer Comment (2025-03-07): Documentation provided; exception cleared. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250823 | 33056833 | Credit | Missing Document | General | Missing Document | Missing Document: Donor Check not provided | Missing donor check or wire of gift funds in the amount of $[Redacted] to title company from donor of gift. | Reviewer Comment (2025-03-07): Documentation provided; exception cleared. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250826 | 32943425 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Attorney Review Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-27): Sufficient Cure Provided At Closing |
02/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20250829 | 33125640 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Provide a copy of the final title policy or an addendum to the report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-03-11): Received and associated Title Final with title policy amount $[Redacted]. Exception cleared. Buyer Comment (2025-03-10): Loan amount page [Redacted]. |
03/11/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Second Home | Purchase | B | A | B | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20250829 | 33125641 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-03-11): Received and associated Title Final with title policy amount $[Redacted]. Exception cleared. |
03/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Second Home | Purchase | B | A | B | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20250830 | 33125701 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of the [Redacted] | Reviewer Comment (2025-03-19): Documentation provided; exception cleared. Buyer Comment (2025-03-18): Annual assessment of[Redacted]/ [Redacted] = [Redacted] |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20250831 | 33125565 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Insufficient assets verified to meet closing and reserve requirement. | Reviewer Comment (2025-03-12): Documentation provided; exception cleared. Buyer Comment (2025-03-11): Verification of [Redacted] funds Buyer Comment (2025-03-11): Settlement statement for [Redacted] exchange property Buyer Comment (2025-03-11): Initial CD for [Redacted] exchange property |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250831 | 33125566 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Insufficient assets verified to meet closing and reserve requirement. | Reviewer Comment (2025-03-12): Documentation provided; exception cleared. Buyer Comment (2025-03-11): Additional assets uploaded to [Redacted] |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250831 | 33125567 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | 1031 Exchange documentation showing proceeds from sale used as an asset was not provided. | Reviewer Comment (2025-03-12): Documentation provided; exception cleared. Buyer Comment (2025-03-11): Additional assets uploaded to [Redacted] |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250831 | 33125568 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | Insufficient assets verified to meet closing and reserve requirement. | Reviewer Comment (2025-03-12): Documentation provided; exception cleared. Buyer Comment (2025-03-11): Additional assets uploaded to [Redacted] |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250831 | 33125569 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Missing the exchange agreement. | Reviewer Comment (2025-03-24): [Redacted] Agreement was provided. Buyer Comment (2025-03-20): [Redacted] agreement |
03/24/2025 | 1 | A | A | A | A | A | NJ | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||||||
| 20250837 | 33318441 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for private VOM without canceled checks on an REO property. Approval in file | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
$[Redacted]residual income. [Redacted] months reserves. DTI is [Redacted]% below guideline max. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-25): Lender exception in file. |
03/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20250838 | 33125581 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Non-Warrantable condo with [Redacted] HOA delinquencies, lender exception in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-17): Lender exception in file. |
03/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20250842 | 33064344 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide evidence borrower has owned and managed an REO for at least [Redacted] months in the last [Redacted] years. | Reviewer Comment (2025-03-19): Documentation provided; exception cleared. Seller Comment (2025-03-19): Attached the LOE that evidence borrower has landlord history for at least [Redacted] months in the last[Redacted] years. |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250843 | 33012078 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three ([Redacted]) business days prior to closing. | Closing Disclosure not provided to Borrowe at least three business days prior to closing. | Reviewer Comment (2025-03-20): [Redacted] received CD dated [Redacted] Seller Comment (2025-03-19): Please see attached signed ICD evidencing borrower receipt on [Redacted], which meets [Redacted] business day timing requirements. |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20250844 | 33325269 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Stove and carpet not being installed prior to closing, lender exception in file. | Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
$[Redacted]K residual income. [Redacted]months reserves. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-24): Lender exception in file. |
04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 20250846 | 33318421 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redacted] exceeds tolerance of[Redacted]. No valid changed circumstance was provided, cure not reflected correctly on CD. | Reviewer Comment (2025-04-07): [Redacted] received PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-04-04): See docs provided Buyer Comment (2025-04-04): See docs provided. Reviewer Comment (2025-04-01): [Redacted] received true & certified copy of final closing statement, however it doesn't show cure of $[Redacted]was provided at closing. Please provide cure documents. Buyer Comment (2025-03-28): See Alta statement Reviewer Comment (2025-03-28): [Redacted]received updated CD and LOX for the Title fees were removed and decreased. But we also required final settlement statement to verify the Lender credit and specific fee applied the same and reevaluate this exception. Buyer Comment (2025-03-26): see loe Buyer Comment (2025-03-26): See pccd Reviewer Comment (2025-03-23): [Redacted] received Post CD,LOX,Copy of refund check and proof of mailing for $[Redacted]however the total cure required is $[Redacted]for both Credit report and lender credit. The Final CD is reflecting cure under section J inner column for $[Redacted]however the same is not reflecting on outer column, if the cure was provided at closing, then we would require Final Alta statement in order to verify the lender credit of $[Redacted]was provided at closing or provide additional cure of $[Redacted]. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-03-21): See docs provided Reviewer Comment (2025-03-14): [Redacted] received PCCD correcting lender credit under section J. However, missing LOE and copy of refund check as final ALTA settlement statement does not show any lender credit provided at closing. Buyer Comment (2025-03-13): See docs provided Reviewer Comment (2025-03-07): [Redacted]received rebuttal that cure was provided at closing. However, the final CD shows he cure amount of $[Redacted]under inner column of section J but not updated in outer column. Also, ALTA final SS shows the credit report fee of $[Redacted]is paid by borrower. Cure is required. Cure requirements include LOE, corrected CD, proof of mailing and copy of refund check. Buyer Comment (2025-03-06): Cure was provided at closing at bottom of page [Redacted]of final CD. |
04/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20250846 | 33318422 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Page 1 of the final CD does not reflect a lender credit, page 2 reflects a cure of [Redacted]. | Reviewer Comment (2025-04-07): [Redacted]received PCCD, LOE, copy of refund check and proof of mailing. Buyer Comment (2025-04-04): See docs provided Reviewer Comment (2025-03-28): [Redacted] received updated CD and LOX for the Title fees were removed and decreased. But we also required final settlement statement to verify the Lender credit and specific fee applied the same and reevaluate this exception. Buyer Comment (2025-03-26): See loe Reviewer Comment (2025-03-23): [Redacted]received Post CD,LOX,Copy of refund check and proof of mailing for $[Redacted]however the total cure required is $[Redacted]for both Credit report and lender credit. The Final CD is reflecting cure under section J inner column for $[Redacted]however the same is not reflecting on outer column, if the cure was provided at closing, then we would require Final Alta statement in order to verify the lender credit of $[Redacted] was provided at closing or provide additional cure of $[Redacted]. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-03-21): See docs provided Reviewer Comment (2025-03-14): [Redacted]received PCCD correcting lender credit under section J. However, missing LOE and copy of refund check as final ALTA settlement statement does not show any lender credit provided at closing. Buyer Comment (2025-03-13): See docs provided Reviewer Comment (2025-03-07): [Redacted]received rebuttal that cure was provided at closing. However, the final CD shows he cure amount of $[Redacted]under inner column of section J but not updated in outer column. Also, ALTA final SS shows the credit report fee of $[Redacted]is paid by borrower. Cure is required. Cure requirements include LOE, corrected CD, proof of mailing and copy of refund check. Buyer Comment (2025-03-06): Cure was provided at closing at bottom of page 2 of final CD. |
04/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20250957 | 33125688 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-03-18): Received and associated Title Final with title policy amount [Redacted]. Exception cleared. |
03/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20250957 | 33125689 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-03-18): Received and associated Title Final with title policy amount [Redacted]. Exception cleared. Buyer Comment (2025-03-18): Title |
03/18/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20250957 | 33125690 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided | Reviewer Comment (2025-03-18): Received and associated Loan Underwriting and Transmittal Summary ([Redacted]) / MCAW document. Exception cleared. Buyer Comment (2025-03-18): [Redacted] |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20250957 | 33125694 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted] tolerance was exceeded by $[Redacted] due to increase of recording fee. No valid COC provided, nor evidence of cure in file. | Reviewer Comment (2025-03-20): [Redacted]received COC dated [Redacted] for increase in recording fee. Buyer Comment (2025-03-18): COC |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20250963 | 33318462 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. No valid changed circumstance was provided. No cure was provided to the Borrower. | Reviewer Comment (2025-04-08): [Redacted]received a valid COC. Buyer Comment (2025-04-07): CoC Buyer Comment (2025-04-07): Loan Estimate [Redacted] |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20250966 | 33356363 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Policy coverage shortfall of $[Redacted]. Provide updated policy reflecting minimum coverage of $[Redacted]OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-22): Received updated Hazard Insurance documents. Exception cleared. Buyer Comment (2025-04-18): See coverage for property is walls in for this attached property. |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250968 | 33318429 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization Purposes. | Reviewer Comment (2025-03-25): Received secondary valuation CDA with value $[Redacted]. Exception Cleared. Buyer Comment (2025-03-24): See CDA |
03/25/2025 | 1 | D | A | D | A | D | A | D | A | D | A | VT | Second Home | Purchase | D | A | C | A | C | A | D | A | Non QM | Non QM | No | |||||||||||||
| 20250968 | 33318430 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Missing letter stating that use of business funds will not adversely affect the business. | Reviewer Comment (2025-04-07): Received and associated Cash flow analysis and LOE document. Exception cleared. Buyer Comment (2025-04-04): Letter from co-borrower/business owner. Buyer Comment (2025-04-04): Cash flow analysis Reviewer Comment (2025-03-28): An LOE from the borrower and a cash flow analysis from the UW is required. Where is the cash flow analysis in file? Buyer Comment (2025-03-28): EMD source and UW analysis for assets Buyer Comment (2025-03-28): Assets and UW analysis |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VT | Second Home | Purchase | D | A | C | A | C | A | D | A | Non QM | Non QM | No | |||||||||||||
| 20250968 | 33318432 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-30): [Redacted]received VCC. Buyer Comment (2025-03-28): Evidence for COC |
03/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VT | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | A | C | A | C | A | D | A | Non QM | Non QM | Yes | |||||||||||
| 20250968 | 33318433 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing [Redacted] month housing history for primary residence. | Reviewer Comment (2025-03-28): Documentation provided; exception cleared. Buyer Comment (2025-03-28): VOR |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VT | Second Home | Purchase | D | A | C | A | C | A | D | A | Non QM | Non QM | No | |||||||||||||
| 20250969 | 32982711 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower short [Redacted] months for third [Redacted] month tradeline, lender exception in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
$[Redacted] residual income. | SitusAMC Originator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||
| 20250969 | 32996768 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower changed business structure from [Redacted] to a corporation, lender exception in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
$[Redacted] residual income. | SitusAMC Originator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||
| 20250969 | 32996807 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | If borrower rents from private landlord, provide a copy of the lease agreement. | Reviewer Comment (2025-03-19): Documentation provided; exception cleared. Seller Comment (2025-03-18): Attached the Lease. |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | |||||||||||||
| 20250974 | 33232194 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Second Appraisal Fee was not disclosed on the Initial Loan Estimate, but disclosed as [Redacted] on the Final Closing Disclosure. No valid COC was provided for this change, nor evidence of cure. Provide a post close CD disclosing the tolerance violation of [Redacted] , a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made. | Reviewer Comment (2025-02-09): [Redacted] received appraiser comment dated[Redacted] for increase in fee. Buyer Comment (2025-02-07): please see attached detailing what transpired and why Rocket feels a cure of [Redacted] is required Reviewer Comment (2025-01-31): [Redacted] received rebuttal and UCDP dated [Redacted], however fee was added on CD dated [Redacted] which is not within [Redacted] days. Please provide additional supporting information or cure would be required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-01-30): Please see the [Redacted] SSR attached confirming a CU Score of [Redacted]. As a result, a secondary appraisal is required and that is why the secondary appraisal was required and the fee increased [Redacted . Please escalate for this to be cleared as it is a valid CIC |
02/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VT | Investment | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 20250975 | 33232230 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-11): Sufficient Cure Provided At Closing |
02/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | VA | Investment | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20250975 | 33232231 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Please provide HOI documentation for the indicated property and/or provide clarification why there was no HOI utilized in qualifying when the mortgage statement does not indicate it is escrowed. | Reviewer Comment (2025-02-16): Received clients clarification that the indicated property is vacant land, not requiring HOI. Exception cleared. Buyer Comment (2025-02-14): This property is a vacant lot and therefore does not require homeowners insurance. The Cape Cod mortgage statement reflects the property address as [Redacted] |
02/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Purchase | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20250976 | 33232206 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Second Appraisal Fee was last disclosed as [Redacted] on the Loan Estimate, but was disclosed as [Redacted] on the Final Closing Disclosure. No valid COC was provided for this change, nor evidence of cure. Provide a post close CD disclosing the tolerance violation of [Redacted] , a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made. | Reviewer Comment (2025-02-11): [Redacted]received system snip for requirement of second appraisal and LOE for the fee bifurcation that were combined with the appraisal fee on LE dated [Redacted]. Buyer Comment (2025-02-11): [Redacted]: See attached bifurcation attestation. Reviewer Comment (2025-02-11): [Redacted] received rebuttal, however we require attestation with bifurcation of fee name and fee amount disclosed on LE. Please provide attestation to re-evaluate the exception. Buyer Comment (2025-02-10): The fee existed prior to that, the fees were combined on the loan estimate. On the loan estimate [Redacted], the appraisal fee was [Redacted], of which [Redacted] was for the first appraisal and [Redacted] was for the second. On the CD the fees were separated, not sure why, but the borrower had previously been charged for this fee. Reviewer Comment (2025-02-09): [Redacted] received document for [Redacted], however fee added on [Redacted] CD which is not within [Redacted] days of change. If any missing LE/CD sent within [Redacted]days of COC. Please provide any missing LE/CD to re-evaluate the exception. Buyer Comment (2025-02-07): [Redacted]: The order was for a [Redacted] rental property estimate for the subject property in order to use proposed rental income. The [Redacted] showed no rental income for the subject as evidenced by the negative value for the subject. The underwriter in the attachment ordered the [Redacted]in order to use additional income from proposed rent, ordered the additional product as it was required, the loan at that time had a DTI of [Redacted] and did not qualify any other way. |
02/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 20250976 | 33232209 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-[Redacted]exceeds tolerance of $-[Redacted]. Insufficient or no cure was provided to the borrower. | Lender credit was last disclosed as [Redacted] on the Loan Estimate, but was disclosed as [Redacted] on the Final Closing Disclosure. No valid COC was provided for this change, nor evidence of cure. Provide a post close CD disclosing the tolerance violation of [Redacted] , a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made. | Reviewer Comment (2025-02-09): [Redacted]received valid COC document. Buyer Comment (2025-02-07): [Redacted] see the attached explanation. |
02/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 20250977 | 33232242 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four ([Redacted]) business days prior to closing. | Verification of earlier borrower receipt of the revised Loan Estimate is missing from the file. | Reviewer Comment (2025-02-26): Rec'd screenshot from lender's LOS verifying the LE was viewed on [Redacted] Exception cleared. Buyer Comment (2025-02-26): Please see attached, internal confirmation the[Redacted] LE was viewed on [Redacted] |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | No Defined Cure | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 20250977 | 33232243 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was disclosed as [Redacted] on the Initial Loan Estimate, but was disclosed as [Redacted] on the Final Closing Disclosure. No valid COC was provided for this change, nor evidence of cure. Provide a post close CD disclosing the tolerance violation of [Redacted] , a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made. | Reviewer Comment (2025-02-28): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD Buyer Comment (2025-02-27): Please see attached, PCCD, LOE, Check, and shipping information |
02/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 20250977 | 33232244 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | The final 1003 is incomplete due to missing entries for REO properties on [Redacted] and [Redacted] . Please provide a revised 1003 with all sections completed. | Reviewer Comment (2025-02-26): The [Redacted] properties were reported on the borrower's personal [Redacted] Schedule E. Received lender attestation that these properties (which are not in the borrower's name) do not have to be disclosed on the REO section of the Final [Redacted]. Buyer Comment (2025-02-26): Please see page [Redacted] & [Redacted] for a confirmation of ownership by the borrower's businesses. Properties owned by a business are not put in the borrower's Real estate owned section. |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 20250977 | 33232245 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The third party verification for the borrower's 1065 business ( [Redacted] ) was not timestamped. Please provide evidence of when the lender obtained the verification for review. | Reviewer Comment (2025-02-26): Provided Third Party Verification with Timestamped: Exception Cleared. Buyer Comment (2025-02-26): Please see attached, [Redacted] verification with timestamp of [Redacted] |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20250977 | 33232246 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | The file is missing the mortgage statement for this property. Please provide for review. | Reviewer Comment (2025-02-26): Mortgage interest for this property was reported on the borrower's personal [Redacted] Schedule E. Received lender attestation that the mortgage statement is not required for a property in the name of a business. Buyer Comment (2025-02-26): Please see page [Redacted] of the loan file which confirms the borrower's business owns the property. Mortgage statement not required. |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20250978 | 33232196 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file was missing the Final Closing Disclosure from the recent transaction with the lender on this property. Please provide the final CD to confirm the PITIA for review. | Reviewer Comment (2025-02-03): Received final CD for the property confirms PITIA of the property, Exception cleared. Buyer Comment (2025-02-03): Please see the attached final CD for the non-subject at [Redacted] [Redacted] to confirm PITIA used to qualify, attached. |
02/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20250978 | 33232197 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on[Redacted]disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. | Buyer Comment (2025-02-03): Seller acknowledges exception, no change to grading. |
02/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | Good Faith Redisclosure | C | B | C | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20250979 | 33232199 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Buyer Comment (2025-02-03): seller accepts; no change to grading. |
02/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 20250979 | 33232200 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on[Redacted]disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. | Buyer Comment (2025-02-03): seller accepts; no change to grading. |
02/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Cash-out - Other | Good Faith Redisclosure | B | B | B | B | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20250980 | 33232217 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Buyer Comment (2025-02-07): Seller acknowledges the exception, no change to grading. |
02/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | ID | Investment | Purchase | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 20250980 | 33232219 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $0.00 exceeds tolerance of $-[Redacted]. Insufficient or no cure was provided to the borrower. | Lender credit was last disclosed as [Redacted] on the Loan Estimate but was disclosed as [Redacted] on the Final Closing Disclosure. No valid COC was provided for this change, nor evidence of cure. Provide a post close CD disclosing the tolerance violation of [Redacted] , a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made. | Reviewer Comment (2025-02-11): [Redacted] received additional information supporting LTV and pricing change. Reviewer Comment (2025-02-11): [Redacted]received rebuttal comment, However, in case when loan amount changes the lender credit change should be proportionate to the loan amount change, and if change is not proportionate there should be additional information that explains change in borrower eligibility change such as did not qualify for current product, or DTI increased, or FICO score decreased. Though an LTV may change, the information did not state that there was a pricing/product/program change. Buyer Comment (2025-02-10): Please see the attached screen shots from our LOS pricing history screen. As previously noted the loan amount prior to[Redacted] was [Redacted] however, the broker/client requested loan amount increase to [Redacted] eclipsed an LTV threshold impacting LLPA's resulting in the subsequent pricing adjustment and updating the lender credits. Reviewer Comment (2025-02-10): [Redacted]received rebuttal that change reason for loan amount. However, the lender credit did not change proportionately with the loan amount change and is not a valid reason for the lender credit decrease. Provide additional information to support a pricing change for the lender credit decrease or cure would be due. Buyer Comment (2025-02-07): Please see the attached screen shot from our LOS notes page. On [Redacted] the partner called in on the clients behalf and requested the loan amount be updated from [Redacted]0 to the final amount of[Redacted] as reflected on the CD from [Redacted]. |
02/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ID | Investment | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 20250984 | 33232222 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | The internet Business Entity Search was not timestamped to verify the borrower's self-employment. Please provide evidence the verification was obtained to verify it meetings timing requirements. | Reviewer Comment (2025-02-11): Received evidence the date the Third Party Verification was obtained. Exception cleared. Buyer Comment (2025-02-11): Please see attached timestamped verification. |
02/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20250985 | 33232203 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on[Redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. | Buyer Comment (2025-02-03): Seller acknowledges exception, no change to grading. |
02/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | Good Faith Redisclosure | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20250988 | 33232240 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four ([Redacted]) business days prior to closing. | Verification of earlier borrower receipt of the revised [Redacted] was missing from the file. | Reviewer Comment (2025-02-25): [Redacted] received proof of receipt. Buyer Comment (2025-02-25): Please see the attached from our LOS online documents review page which confirms the client received/viewed the[Redacted]. |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | No Defined Cure | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 20250989 | 33232192 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as [Redacted] on the Binding Loan Estimate dated [Redacted] , but was disclosed as [Redacted] on the Final Closing Disclosure. No valid COC was provided for this change, nor evidence of cure. Provide a post close CD disclosing the tolerance violation of [Redacted] , a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made. | Reviewer Comment (2025-02-02): [Redacted] received appraiser comment summary for increase in appraisal fee. Buyer Comment (2025-01-31): [Redacted]: This is due to the borrower paying for the appraisal on the [Redacted] therefore a lender credit could no longer be applied to the fee, it had to be marked borrower paid prior to closing. Elsewhere on the CD however the borrower received the promised credits. Please also see page [Redacted] which shows the appraisal receipt dated [Redacted]. Reviewer Comment (2025-01-30): [Redacted] received appraisal ordered document for the rush fee disclosed on[Redacted] and corresponding CD received on [Redacted] paid by lender. However, the fee was changed to borrower paid from lender paid on Final CD dated [Redacted] without VCCs. If there was an additional reason the fee was changed from lender paid borrower paid, we will need the additional information with supporting documentation of timeline for review. Otherwise, a corrected CD, LOE, refund check, and proof of mailing is needed to cure. Buyer Comment (2025-01-30): [Redacted]: See the provided cic. |
02/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 20250992 | 33232252 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four ([Redacted]) business days prior to closing. | Verification of earlier borrower receipt of the revised Loan Estimate is missing from the file. | Reviewer Comment (2025-03-06): [Redacted]received proof of earlier electronic receipt Buyer Comment (2025-03-05): Please see attached confirmation the borrower viewed the loan estimate within the required timeframe prior to closing. |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ID | Investment | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 20250993 | 33232224 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Buyer Comment (2025-02-12): Seller accepts with no change in grading |
02/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 20250993 | 33232227 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The RSU vesting schedule provided is illegible. Please provide a legible copy of the full vesting schedule for review, income to be updated upon receipt. | Reviewer Comment (2025-02-13): Vesting schedule received, income updated. Exception cleared. Buyer Comment (2025-02-12): Please see the vesting schedule attached |
02/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20250994 | 33232247 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Buyer Comment (2025-02-27): Seller acknowledges exception, no change to grading. |
02/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 20250994 | 33232249 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four ([Redacted]) business days prior to closing. | Verification of earlier borrower receipt of the revised Loan Estimate is missing from the file. | Reviewer Comment (2025-02-27): [Redacted] received proof of receipt. Buyer Comment (2025-02-27): Please see the attached confirmation the borrower viewed the LE within the required timeframe prior to closing on [Redacted] |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | No Defined Cure | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 20251000 | 33057003 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation discrepancy due to missing income documentation. Verification of employment within [Redacted] business days of the note date was not provided. | Reviewer Comment (2025-03-06): VVOE provided, exception cleared. Buyer Comment (2025-03-05): See Uploaded VVOE Reviewer Comment (2025-03-05): On Non-QM loans, the ATR Rule requires that a creditor must consider a borrower's employment status at or before consummation. Despite a creditors guidelines allowing for a VOE after closing, which may meet [Redacted]requirements, it does not meet the ATR Rule and therefore cannot be accepted. If the creditor relied on alternate documentation to get comfortable with the employment status of the borrower, and this was performed at or before consummation, they can provide a lender exception that demonstrates what alternate documentation was used to verify the employment status of the borrower. Buyer Comment (2025-03-04): See Uploaded VVOE |
03/06/2025 | 1 | B | A | C | A | B | A | C | A | B | A | DC | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251000 | 33057004 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - W-2 | Ability to Repay (Dodd-Frank 2014): Unable to verify current Wages/W2 employment status using reasonably reliable third-party records. | Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records.Verification of employment was not provided. | Reviewer Comment (2025-03-06): VVOE provided, exception cleared. Buyer Comment (2025-03-05): See Uploaded VVOE Reviewer Comment (2025-03-05): On Non-QM loans, the ATR Rule requires that a creditor must consider a borrower's employment status at or before consummation. Despite a creditors guidelines allowing for a VOE after closing, which may meet [Redacted] requirements, it does not meet the ATR Rule and therefore cannot be accepted. If the creditor relied on alternate documentation to get comfortable with the employment status of the borrower, and this was performed at or before consummation, they can provide a lender exception that demonstrates what alternate documentation was used to verify the employment status of the borrower. Buyer Comment (2025-03-04): See Uploaded VVOE |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251000 | 33057005 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Verification of Employment was not provided. | Reviewer Comment (2025-03-06): VVOE provided, exception cleared. |
03/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | DC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251000 | 33057006 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-27): Sufficient Cure Provided At Closing |
02/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | DC | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251000 | 33057007 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | Reviewer Comment (2025-03-05): VVOE provided, exception cleared. Buyer Comment (2025-03-04): See Uploaded VVOE |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251000 | 33057008 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [Redacted]business days of the Note. | - | Verification of Employment was not provided. | Reviewer Comment (2025-03-05): VVOE provided, exception cleared. Buyer Comment (2025-03-04): See Uploaded VVOE |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251002 | 33318620 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for new construction condotel with no separate bedroom. Approval in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower has verified disposable income of at least $[Redacted]. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
FICO: [Redacted] | SitusAMC,Aggregator SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-14): The client elects to waive. |
03/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | |||||||||||
| 20251003 | 33183148 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. | The DSCR is less than 1 due to HOA dues, which were not included in UW calculation but are reflected on the appraisal. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted]months reserves. LTV is [Redacted]% below guideline max. Fico is [Redacted]points above guideline minimum. |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-27): A post close lender exception was provided. Buyer Comment (2025-03-26): see exception Reviewer Comment (2025-03-24): HOI Policy with a lower premium was provided; however, this is dated post-close and an exception will need to be granted to use post-cost documentation. Buyer Comment (2025-03-20): New insurance policy with lower premium. And RCE showing property has sufficient coverage. New monthly HOI payment is [Redacted] Reviewer Comment (2025-03-12): The dscr is still under [Redacted], missing lender exception. Buyer Comment (2025-03-10): LOE Buyer Comment (2025-03-10): Correct Final CD Buyer Comment (2025-03-10): Correct HOI policy Reviewer Comment (2025-03-10): The HOA was not included in lender's dscr calculation, exception remains. Buyer Comment (2025-03-06): See docs provided |
03/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| 20251003 | 33183149 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per the guidelines, [Redacted] months cancelled checks are required when renting from a private landlord. The VOR provided only reflects the name [Redacted] . | Reviewer Comment (2025-03-10): Documentation provided; exception cleared. Buyer Comment (2025-03-07): [Redacted] months payment history |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20251003 | 33183150 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide evidence the general appeal and location of borrower's primary residence is superior to the subject property, if not, and additional review by underwriting management is required. | Reviewer Comment (2025-03-12): Documentation provided; exception cleared. Buyer Comment (2025-03-10): UW Certification Buyer Comment (2025-03-10): Subject summary report Buyer Comment (2025-03-10): Primary info |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20251004 | 33004371 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Layered entity, lender exception in file. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-12): Lender exception in file. |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251005 | 33125665 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Survey Fee was last disclosed as $[Redacted] on Loan Estimate but disclosed as $[Redacted] on Final Closing Disclosure dated [Redacted]. File does not contain a valid documented Changed circumstance, nor evidence of cure in file. | Reviewer Comment (2025-03-17): [Redacted]received corrected PCCD and LOE with corrected fee name. Buyer Comment (2025-03-14): LOE and PCCD |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251007 | 33125620 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The subject property is located in a [Redacted] area. The most recent inspection is dated prior to the recent [Redacted]. Disaster end date was [Redacted]. Provide a post-disaster inspection report showing no damage to the property. |
Reviewer Comment (2025-03-03): [Redacted] provided, exception cleared. Buyer Comment (2025-03-03): see disaster report |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251007 | 33125623 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide evidence borrower has [Redacted]% access to all accounts not solely in his name. | Reviewer Comment (2025-03-03): Documentation provided; exception cleared. Buyer Comment (2025-03-03): See docs provided |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251015 | 33217669 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-09): Sufficient Cure Provided At Closing |
04/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251015 | 33224396 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for an [Redacted] day gap between the closure of one account and the opening deposit of another account. Approval in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted]residual income. [Redacted] months reserves. Dti is [Redacted]% below guideline max. Fico is [Redacted] points above guideline minimum. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-10): Lender exception in file. |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251016 | 33125577 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-03-21): Received and associated UCDP report with CU Score[Redacted]. Exception Cleared. Buyer Comment (2025-03-20): [Redacted] SSR score [Redacted] |
03/21/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CT | Investment | Purchase | D | A | A | A | D | A | N/A | No | ||||||||||||||||
| 20251017 | 33057071 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three ([Redacted]) business days prior to closing. | Initial Closing Disclosure dated [Redacted] was not provided to Borrower(s) at least three (3) business days prior to closing date of [Redacted]. | Reviewer Comment (2025-03-12): [Redacted] received disclsoure sumnmary suffice. Buyer Comment (2025-03-11): see docs provided |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20251018 | 33183075 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing business narrative for 1099 and bank statement income. | Reviewer Comment (2025-04-01): Business Narrative was provided. Buyer Comment (2025-03-28): See docs provided Reviewer Comment (2025-03-26): Missing business narrative for [Redacted], exception remains. Buyer Comment (2025-03-25): See business narrative |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251019 | 33318527 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Reviewer Comment (2025-04-10): Received and associated Fraud Report document. Exception Cleared. Buyer Comment (2025-04-09): See uploaded Drive Report |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20251019 | 33318528 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-08): Sufficient Cure Provided At Closing |
04/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | AL | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251020 | 33125684 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing rent free letter from borrower's sister verifying borrower lives there rent free. | Reviewer Comment (2025-03-20): A signed Rent Free Letter was provided. Buyer Comment (2025-03-20): Rent free letter signed by sister and borrower. Sisters name is [Redacted]. It is the second signature. Reviewer Comment (2025-03-19): This was reviewed to [Redacted] guides per[Redacted]. Buyer Comment (2025-03-18): Rent free letter. Does not need to be from homeowner per [Redacted] guidelines. |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251020 | 33125685 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing complete [Redacted] months housing history for borrower. | Reviewer Comment (2025-03-19): Documentation provided; exception cleared. Buyer Comment (2025-03-18): Complete housing history before selling home. |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251023 | 33125705 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. No valid changed circumstance was provided. No cure was provided to the Borrower. | Reviewer Comment (2025-03-20): [Redacted] Received Valid COC along with LE. Buyer Comment (2025-03-19): Loan Estimate dated [Redacted] Buyer Comment (2025-03-19): Change of Circumstance dated [Redacted] |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251024 | 32974046 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception provided for a non-warrantable condo with presale less than [Redacted]% and no fidelity insurance. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted] residual income. [Redacted] months reserves. LTV/CLTV is [Redacted] below guideline max. LTV/CLTV is [Redacted] below guideline max. Fico is [Redacted] points above guideline minimum. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | |||||||||||
| 20251025 | 33220635 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [Redacted] | Reviewer Comment (2025-03-18): Received and associated UCDP report with CU Score[Redacted]. Exception Cleared. Buyer Comment (2025-03-18): Fannie UCDP SSR score [Redacted] |
03/18/2025 | 1 | D | A | D | A | D | A | D | A | D | A | GA | Investment | Purchase | D | A | C | A | D | A | N/A | No | |||||||||||||||||
| 20251025 | 33220636 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2025-04-01): Received and associated Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-03-31): Business purpose |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | D | A | C | A | D | A | N/A | No | |||||||||||||||||
| 20251025 | 33220637 | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing | Reviewer Comment (2025-03-18): Received and associated Title Commitment with title policy amount [Redacted]. Exception cleared. Buyer Comment (2025-03-18): Title |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | D | A | C | A | D | A | N/A | No | |||||||||||||||||
| 20251025 | 33220638 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Reviewer Comment (2025-03-18): Received and associated Title Commitment with title policy amount [Redacted]. Exception cleared. Buyer Comment (2025-03-18): Title uploaded to [Redacted] |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | D | A | C | A | D | A | N/A | No | |||||||||||||||||
| 20251028 | 33220444 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-03): Sufficient Cure Provided At Closing |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251028 | 33220445 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redacted] exceeds tolerance of [Redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-03): Sufficient Cure Provided At Closing |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251037 | 33183117 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-18): Sufficient Cure Provided At Closing |
03/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251040 | 33220640 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [Redacted] | The file is missing a copy of the secondary valuation. | Reviewer Comment (2025-03-28): Received and associated UCDP report with CU Score[Redacted] Exception Cleared. Buyer Comment (2025-03-27): [Redacted]SSR is a [Redacted] |
03/28/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||||
| 20251040 | 33220642 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Closing protection letter is missing in the file. | Reviewer Comment (2025-03-28): Received and associated Closing Protection Letter. Exception cleared. Buyer Comment (2025-03-27): Duplicate condition- CPL attached Buyer Comment (2025-03-27): CPL attached |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||||
| 20251040 | 33220643 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Mising Document: Closing Protection Letter not provided. | Closing protection letter is missing in the file. | Reviewer Comment (2025-03-28): Received and associated Closing Protection Letter. Exception cleared. |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||||
| 20251042 | 33318481 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation does not support the value used to qualify. Sec ID: 7 | Reviewer Comment (2025-04-15): The lower amount was used to qualify for the loan. Reviewer Comment (2025-04-15): This is a Securitization requirement and the guidelines have no bearing to this exception. Buyer Comment (2025-04-11): Please review NAF guidelines with this as well. Their guides do not speak to variances in the CDA values but only require that a collateral review be done and to follow what is recommended from review. Thanks Buyer Comment (2025-04-10): Please see attached as this was underwritten to NAF guidelines- the attached is their collateral review |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Primary | Purchase | C | B | A | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||||
| 20251042 | 33318484 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Settlement / Closing / Escrow Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Settlement / Closing / Escrow Fee was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure dated [Redacted]. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-04-10): [Redacted] Received Fee Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD Buyer Comment (2025-04-09): see cure provided |
04/10/2025 | 2 | C | B | C | B | C | B | C | B | C | B | LA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||||
| 20251044 | 33318447 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA/Condo Questionnaire. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-21): Sufficient Cure Provided At Closing |
03/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251046 | 33244209 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Partial Payments | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on[Redacted] incorrectly disclosed whether the loan allows for Partial Payments. | Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Partial Payments. The section was left blank. | Reviewer Comment (2025-03-26): [Redacted]received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2025-03-25): See uploaded LOX Reviewer Comment (2025-03-25): [Redacted]received Corrected CD. Missing copy of LOE to borrower which accompanied the PCCD to finalize cure. Buyer Comment (2025-03-24): See Uploaded PCCD |
03/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | AL | Second Home | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251046 | 33244211 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for lack of [Redacted] [Redacted] . approval in file. | Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted] residual income [Redacted] months reserves. DTI is [Redacted]% below guideline max. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-18): Lender exception in file. |
03/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Second Home | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 20251047 | 33220682 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | FTI on cash out refinance, lender exception provided. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-02): Lender exception in file. |
04/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | KY | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251048 | 33220424 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [Redacted] | For securitization requirements, a secondary valuation review product is required, which supports original appraised value. There was no UCDP in file. | Reviewer Comment (2025-04-08): UCDP provided. Buyer Comment (2025-04-07): See SSR score - secondary valuation not required. |
04/08/2025 | 1 | D | A | D | A | D | A | D | A | D | A | PA | Primary | Purchase | D | A | A | A | A | A | D | A | Non QM | Non QM | No | |||||||||||||
| 20251048 | 33220426 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-03): Sufficient Cure Provided At Closing |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Purchase | Final CD evidences Cure | D | A | A | A | A | A | D | A | Non QM | Non QM | Yes | ||||||||||||
| 20251048 | 33220427 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-03): Sufficient Cure Provided At Closing |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Purchase | Final CD evidences Cure | D | A | A | A | A | A | D | A | Non QM | Non QM | Yes | ||||||||||||
| 20251050 | 33356352 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | [Redacted]: REO Documents are marked missing | Reviewer Comment (2025-04-16): Received and associated Insurance Verification and Statement for the property at[Redacted]. Exception Cleared. Buyer Comment (2025-04-14): See docs provided Buyer Comment (2025-04-14): See VOM |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251050 | 33356357 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing business narrative. | Reviewer Comment (2025-04-17): Received and associated business narrative document. Exception Cleared. Buyer Comment (2025-04-15): See docs provided |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251050 | 33356358 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing [Redacted]month housing history on [Redacted]. | Reviewer Comment (2025-04-16): Documentation provided; exception cleared. Buyer Comment (2025-04-14): See docs provided |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251051 | 33220392 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-04-08): Documentation provided; exception cleared. |
04/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | B | A | B | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20251051 | 33220393 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy amount is blank. A Final policy was not provided. | Reviewer Comment (2025-04-08): Documentation provided; exception cleared. Buyer Comment (2025-04-07): See docs provided |
04/08/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | B | A | B | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251052 | 33318472 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Reviewer Comment (2025-04-07): The HOI policy has been received. Buyer Comment (2025-04-04): See doc provided |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20251052 | 33318474 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Insufficient assets verified to meet reserve requirement. Missing evidence of receipt of gift funds in the amount of $[Redacted]. | Reviewer Comment (2025-04-07): Assets have been fully verified and the loan now has sufficient reserves. Buyer Comment (2025-04-04): See doc provided |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251052 | 33318475 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Missing evidence of receipt of gift funds in the amount of $[Redacted]. | Reviewer Comment (2025-04-07): Assets have been fully verified and the loan has sufficient funds to close. Buyer Comment (2025-04-04): See doc provided |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251052 | 33318476 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Insufficient assets verified to meet closing and reserve requirements. | Reviewer Comment (2025-04-07): Assets have been fully verified and the loan has sufficient funds to close. Buyer Comment (2025-04-04): See doc provided |
04/07/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251052 | 33318477 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Insufficient assets verified to meet closing and reserve requirements. | Reviewer Comment (2025-04-07): Assets have been fully verified and the loan has sufficient funds to close. Buyer Comment (2025-04-04): See doc provided |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251054 | 33056861 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has [Redacted] rate/Term refinances with Arc submitted for $[Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251054 | 33056862 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal not ordered through an [Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251054 | 33056863 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unable to document primary housing payment, lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251054 | 33056864 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Fico is [Redacted] points above guideline minimum. | SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-07): Lender elects to waive this exception. |
03/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 20251056 | 33356351 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for tradelines. | Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-08): Lender exception in file. |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251057 | 33183160 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception for [Redacted] for First Time Investor for Co-Borrower. Lender approval provided. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-26): Lender exception in file. |
03/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251058 | 33318505 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-11): [Redacted] received LOX. Buyer Comment (2025-04-10): LOE for survey |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251058 | 33318506 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three ([Redacted]) business days of application. Initial Loan Estimate dated[Redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Reviewer Comment (2025-04-09): [Redacted]received earliest e-consent dated [Redacted]. Buyer Comment (2025-04-08): Disclosure tracking. |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251059 | 33183112 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Final Closing Disclosure reflects disbursement date as [Redacted] . Hazard insurance declarations page reflects a policy effective date of [Redacted] . | Reviewer Comment (2025-03-20): Received updated Hazard Insurance Policy with effective date of [Redacted] Exception Cleared. Buyer Comment (2025-03-19): attached. Buyer Comment (2025-03-19): HOI with[Redacted] start date. |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251061 | 33318597 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | The file is missing a copy of the Verification of Identification. | Reviewer Comment (2025-04-08): Documentation provided; exception cleared. Buyer Comment (2025-04-07): See docs provided |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251064 | 33220650 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for wind driven sublimit. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-26): Lender exception in file. |
03/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251066 | 33220189 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide Corrected Verification of Rent documentation for [Redacted] .. Correct dates not shown on rental history from and to. | Reviewer Comment (2025-04-02): Documentation provided; exception cleared. Reviewer Comment (2025-04-01): Please provide VOR from [Redacted] through [Redacted]. Buyer Comment (2025-03-28): From lender: the borrower rented at the place listed on the application from [Redacted]-[Redacted] then her lease got moved over to another party that VOR was completed with IR showing the transfer of the lease. We also have a copy of the lease and the bank statements showing the rent being paid. Reviewer Comment (2025-03-26): Received Verification of rent documents showing Tenant rented from [Redacted] to [Redacted]. However please provide Latest verification of rent documents for "[Redacted]". Exception remains. Buyer Comment (2025-03-26): See docs provided |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | D | A | CA | Primary | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251066 | 33220190 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Rent Free Letter was not provided for [Redacted] . | Reviewer Comment (2025-03-27): Documentation provided; exception cleared. Buyer Comment (2025-03-26): See docs provided |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251067 | 33056905 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has [Redacted] rate/Term refinances with Arc submitted for $[Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251067 | 33056906 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal not ordered through an [Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251067 | 33056907 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unable to document primary housing payment, lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251067 | 33056908 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Fico is [Redacted] points above guideline minimum. | SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-07): Lender elects to waive this exception. |
03/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 20251068 | 33056916 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has [Redacted] rate/Term refinances with [Redacted] submitted for $[Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251068 | 33056917 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal not ordered through an [Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251068 | 33056918 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unable to document primary housing payment, lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251068 | 33056919 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Fico is [Redacted] points above guideline minimum. | SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-07): Lender elects to waive this exception. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 20251069 | 33056877 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Fico is [Redacted] points above guideline minimum. | SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-11): A post close lender exception was provided. |
03/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Rate/Term | D | B | C | B | D | A | N/A | No | |||||||||||||
| 20251069 | 33056878 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has [Redacted] rate/term refinances with [Redacted] submitted for $[Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | D | B | C | B | D | A | N/A | No | |||||||||||||
| 20251069 | 33056879 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal not ordered through an [Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | D | B | C | B | D | A | N/A | No | |||||||||||||
| 20251069 | 33056880 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unable to document primary housing payment, lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | D | B | C | B | D | A | N/A | No | |||||||||||||
| 20251069 | 33056881 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Fico is [Redacted] points above guideline minimum. | SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-07): Lender elects to waive this exception. |
03/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Rate/Term | D | B | C | B | D | A | N/A | No | ||||||||||||||
| 20251069 | 33056882 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [Redacted] | The CDA in the file is not for the subject property. | Reviewer Comment (2025-03-11): CDA provided, exception cleared. Buyer Comment (2025-03-10): CDA from Clear Capital attached supporting the appraised value. |
03/11/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Rate/Term | D | B | C | B | D | A | N/A | No | ||||||||||||||||
| 20251070 | 33056910 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has [Redacted]rate/Term refinances with [Redacted]submitted for $[Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251070 | 33056911 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal not ordered through an [Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251070 | 33056912 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Fico is [Redacted] points above guideline minimum. | SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-07): Lender elects to waive this exception. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 20251070 | 33056913 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unable to document primary housing payment, lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251071 | 33056898 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy amount is blank. A Final policy was not provided. | Reviewer Comment (2025-03-07): Documentation provided; exception cleared. Buyer Comment (2025-03-07): Please see updated title with loan amount |
03/07/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20251071 | 33056899 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Calculated loan to value percentage of [Redacted] exceeds Guideline loan to value percentage of [Redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Fico is [Redacted] points above guideline minimum. | SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-11): A post close lender exception was provided. |
03/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||
| 20251071 | 33056900 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has [Redacted] rate/Term refinances with Arc submitted for $[Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251071 | 33056901 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal not ordered through an [Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251071 | 33056902 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unable to document primary housing payment, lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251071 | 33056903 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Fico is [Redacted] points above guideline minimum. | SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-07): Lender elects to waive this exception. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 20251072 | 33056840 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Reviewer Comment (2025-03-07): Documentation provided; exception cleared. Buyer Comment (2025-03-07): Appraisal attached |
03/07/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||||||
| 20251072 | 33056841 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | Reviewer Comment (2025-03-07): Documentation provided; exception cleared. Buyer Comment (2025-03-07): Appraisal was completed [Redacted] after the end date reflecting no damage to the subject. Buyer Comment (2025-03-07): Appraisal was complete [Redacted] after the disaster end date and reflects no damage to the subject. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||||||
| 20251072 | 33056842 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | Reviewer Comment (2025-03-07): Documentation provided; exception cleared. Buyer Comment (2025-03-07): CDA was in original package- page [Redacted]- please cancel |
03/07/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||||||
| 20251072 | 33056844 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has [Redacted] rate/term refinances with [Redacted] submitted for $[Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||
| 20251072 | 33056845 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal not ordered through an [Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||
| 20251072 | 33056846 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unable to document primary housing payment, lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||
| 20251072 | 33056848 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Fico is [Redacted] points above guideline minimum. | SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-07): Lender elects to waive this exception. |
03/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | ||||||||||||||
| 20251073 | 33056883 | Credit | Missing Document | General | Missing Document | Missing Document: [Redacted]Rent Comparison Schedule not provided | Reviewer Comment (2025-03-07): Documentation provided; exception cleared. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||||||
| 20251073 | 33056884 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Reviewer Comment (2025-03-07): Documentation provided; exception cleared. Buyer Comment (2025-03-07): Appraisal attached |
03/07/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||||||
| 20251073 | 33056885 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | The subject property is located in a FEMA disaster area. The most recent inspection is dated prior to the recent FEMA disaster. Disaster end date was [Redacted]. Provide a post-disaster inspection report showing no damage to the property. |
Reviewer Comment (2025-03-07): Documentation provided; exception cleared. Buyer Comment (2025-03-07): Appraisal was completed [Redacted] after the disaster end date w/no damage to the subject. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | ||||||||||||||||
| 20251073 | 33056887 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: [Redacted] | Reviewer Comment (2025-03-07): Documentation provided; exception cleared. Buyer Comment (2025-03-07): Appraisal attached |
03/07/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||||||
| 20251073 | 33056888 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has [Redacted]rate/Term refinances with [Redacted] submitted for $[Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||
| 20251073 | 33056889 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal not ordered through an [Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||
| 20251073 | 33056890 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unable to document primary housing payment, lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||
| 20251073 | 33056891 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Fico is [Redacted] points above guideline minimum. | SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-07): Lender elects to waive this exception. |
03/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | ||||||||||||||
| 20251074 | 33056851 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Copy of Operating agreement is not available for the business '[Redacted]'. | Reviewer Comment (2025-03-06): Documentation provided; exception cleared. Buyer Comment (2025-03-06): Op agreement for [Redacted] was included in the initial package/loan file- please cancel exception |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20251074 | 33056852 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Copy of Operating agreement is not available for the business '[Redacted]'. | Reviewer Comment (2025-03-06): Documentation provided; exception cleared. Buyer Comment (2025-03-06): W-9/EIN was in the original file sent to ac- please cancel |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20251074 | 33056853 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Signed copy of Articles of Organization/Formation document is not available for the business '[Redacted]'. | Reviewer Comment (2025-03-06): Documentation provided; exception cleared. Buyer Comment (2025-03-06): Articles of Organization was included in the original package to [Redacted]- please cancel |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20251074 | 33056854 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Copy of certificate of good standing is not available for the business '[Redacted]'. | Reviewer Comment (2025-03-06): Documentation provided; exception cleared. Buyer Comment (2025-03-06): Please see attached SOS Cert of good standing. SOS was in original file- please cancel |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20251074 | 33056855 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Signed copy of Corporate Resolution document is not available for the business '[Redacted]'. | Reviewer Comment (2025-03-06): Documentation provided; exception cleared. Buyer Comment (2025-03-06): Corp Resolution was in the original file sent to [Redacted]- please cancel exception |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20251074 | 33056856 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has [Redacted] rate/term refinances with Arc submitted for $[Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251074 | 33056857 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal not ordered through an [Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251074 | 33056858 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unable to document primary housing payment, lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251074 | 33056859 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Fico is [Redacted] points above guideline minimum. | SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-07): Lender elects to waive this exception. |
03/07/2025 | 2 | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||||||||
| 20251075 | 33056866 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has [Redacted] rate/term refinances with [Redacted] submitted for $[Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251075 | 33056867 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal not ordered through an [Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251075 | 33056868 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unable to document primary housing payment, lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251075 | 33056870 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Fico is [Redacted] points above guideline minimum. | SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-07): Lender elects to waive this exception. |
03/07/2025 | 2 | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||||||||
| 20251076 | 33056872 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has [Redacted] rate/Term refinances with [Redacted] submitted for $[Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251076 | 33056873 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal not ordered through an [Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251076 | 33056874 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unable to document primary housing payment, lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-06): Lender exception in file. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251076 | 33056875 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Fico is [Redacted] points above guideline minimum. | SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-07): Lender elects to waive this exception. |
03/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 20251077 | 33056893 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has [Redacted]rate/Term refinances with Arc submitted for $[Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251077 | 33056894 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal not ordered through an [Redacted], lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251077 | 33056895 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unable to document primary housing payment, lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-07): Lender exception in file. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251077 | 33056896 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Fico is [Redacted] points above guideline minimum. | SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-07): Lender elects to waive this exception. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 20251079 | 33220341 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | A lender exception was provided for dti over [Redacted], allowing up to [Redacted] , however missing documentation for [Redacted] bonus income, resulting in higher dti of [Redacted] . | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted]residual income. Fico is [Redacted] points above guideline minimum. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-02): Lender exception in file. Reviewer Comment (2025-04-02): EXCEPTION HISTORY - Exception Explanation was updated on[Redacted] PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of [Redacted] exceeds Guideline total debt ratio of [Redacted] Buyer Comment (2025-03-31): WVOE with bonus income uploaded to [Redacted] |
04/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| 20251079 | 33220342 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | A lender exception was provided for dti over [Redacted] , however missing documentation for [Redacted] bonus income, resulting in higher dti of [Redacted] . | Reviewer Comment (2025-04-02): WVOE provided, exception cleared. Buyer Comment (2025-03-31): WVOE with bonus income uploaded to [Redacted] |
04/02/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251079 | 33220344 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-28): Sufficient Cure Provided At Closing |
03/28/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251079 | 33220345 | Compliance | Compliance | Federal Compliance | TILA | ARM Disclosure Timing Testing | TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three ([Redacted]) days of the loan becoming an ARM. | Evidence [Redacted] loan program disclosure was provided to the borrower within [Redacted] of the loan becoming an [Redacted] not in file. | Reviewer Comment (2025-04-04): Documentation provided; exception cleared. Buyer Comment (2025-04-02): ARM disclosure Buyer Comment (2025-04-02): ARM docs |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20251079 | 33220346 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | A lender exception was provided for dti over [Redacted] , however missing documentation for [Redacted] bonus income, resulting in higher dti of [Redacted] . | Reviewer Comment (2025-04-02): WVOE provided, exception cleared. Buyer Comment (2025-03-31): WVOE with bonus income |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20251079 | 33220347 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [Redacted](c)([Redacted]) of [Redacted]% significantly exceeds the guideline maximum of [Redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | A lender exception was provided for dti over [Redacted] , however missing documentation for [Redacted] bonus income, resulting in higher dti of [Redacted] . | Reviewer Comment (2025-04-02): WVOE provided, exception cleared. Buyer Comment (2025-03-31): WVOE with bonus income uploaded to [Redacted] |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20251079 | 33220348 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [Redacted](c)([Redacted]) of [Redacted]% moderately exceeds the guideline maximum of [Redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | DTI over [Redacted] , lender exception in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted]residual income. Fico is [Redacted] points above guideline minimum. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-02): Lender exception in file. |
04/02/2025 | 2 | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 20251082 | 33183126 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [Redacted] contains a change in APR and was not received by borrower at least three ([Redacted]) business days prior to consummation | Corrected Closing Disclosure provided on or after [Redacted] contains a change in [Redacted] and was not received by borrower at least [Redacted] business days prior to consummation. | Reviewer Comment (2025-03-30): [Redacted] received interim CD and VCC. Buyer Comment (2025-03-27): See docs provided |
03/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ID | Primary | Purchase | TRID timing exception, no remediation available. | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20251082 | 33183128 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $ [Redacted] exceeds tolerance of $ [Redacted] . No valid changed circumstance was provided at time the appraisal fee increased.. No cure was provided to the Borrower. | Reviewer Comment (2025-03-30): [Redacted] received VCC. Buyer Comment (2025-03-27): See docs provided |
03/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ID | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251083 | 33183103 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Homeowners Insurance Included In Escrow Test | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether Homeowners Insurance is included in escrow. | Projected Payments: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether Homeowners Insurance is included in escrow. Page 1 stated an escrow account, while page 4 states an escrow acciunt was declined. | Reviewer Comment (2025-03-27): [Redacted]received PCCD and LOE Buyer Comment (2025-03-26): See Uploaded LOX, Rate Lock Confirmation, Sub Escrow Statement and Final Closing Statement attached Buyer Comment (2025-03-26): LOX from Lender Buyer Comment (2025-03-26): Rate Lock Confirmation dated [Redacted] Buyer Comment (2025-03-26): Final Closing Statement Buyer Comment (2025-03-26): Sub-Escrow Statement Reviewer Comment (2025-03-21): [Redacted]received Corrected CD. Missing copy of LOE to borrower which accompanied the PCCD to finalize. Buyer Comment (2025-03-20): See uploaded PCCD |
03/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251083 | 33183104 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Property Costs Year 1 Underdisclosed - [Redacted] | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [Redacted] of on Final Closing Disclosure provided on [Redacted] are underdisclosed | Amount of Estimated Property Costs over Year [Redacted] of on Final Closing Disclosure provided on [Redacted] are under disclosed. Page 1 stated an escrow account, while page 4 states an escrow account was declined. | Reviewer Comment (2025-03-31): [Redacted]received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2025-03-31): Rate Lock Confirmation dated [Redacted] Buyer Comment (2025-03-31): LOX from Lender dated [Redacted] Buyer Comment (2025-03-31): PCCD dated [Redacted] Reviewer Comment (2025-03-28): Escrow amounts on page [Redacted]show an annual amount of [Redacted]. The total monthly escrow amount on page [Redacted] is [Redacted] The non-escrowed amount [Redacted] does not appear to calculate to an annual real estate cost. Please provide documented support of the[Redacted] or PCCD, LOE and proof of mailing of corrected amounts. Buyer Comment (2025-03-28): See uploaded PCCD dated [Redacted] Reviewer Comment (2025-03-27): Page [Redacted]is missing is missing the non-escrowed amounts. Please provide PCCD with page [Redacted]completed, LOE, and proof of mailing. Buyer Comment (2025-03-26): See Uploaded LOX, Rate Lock Confirmation, Sub Escrow Statement and Final Closing Statement attached to condition[Redacted] Reviewer Comment (2025-03-21): Corrected CD issued [Redacted] page [Redacted] did not reflect the non-escrow property costs. Corrected CD & LOE to borrower to cure. Buyer Comment (2025-03-20): See uploaded PCCD attached to condition [Redacted] |
03/31/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251083 | 33183105 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Property Taxes Included In Escrow | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on[Redacted]incorrectly disclosed whether property taxes are included in escrow. | Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether property taxes are included in escrow. Page 1 stated an escrow account, while page 4 states an escrow acciunt was declined. | Reviewer Comment (2025-03-27): [Redacted] received PCCD and LOE. Buyer Comment (2025-03-26): See Uploaded LOX, Rate Lock Confirmation, Sub Escrow Statement and Final Closing Statement attached to condition [Redacted] Reviewer Comment (2025-03-21): [Redacted]received Corrected CD. Missing copy of LOE to borrower which accompanied the PCCD to finalize. Buyer Comment (2025-03-20): See uploaded PCCD attached to condition [Redacted] |
03/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251083 | 33183106 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan will have an escrow account. | Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan will have an escrow account. Page 1 stated an escrow account, while page 4 states an escrow acciunt was declined. | Reviewer Comment (2025-03-28): [Redacted] received PCCD and LOE. Reviewer Comment (2025-03-28): Escrow amounts on page [Redacted] show an annual amount of [Redacted]. The total monthly escrow amount on page 1 is [Redacted]. The non-escrowed amount [Redacted] does not appear to calculate to an annual real estate cost. Please provide documented support of the [Redacted] or PCCD, LOE and proof of mailing of corrected amounts. Buyer Comment (2025-03-28): See uploaded PCCD dated [Redacted] Reviewer Comment (2025-03-27): Page [Redacted] is missing is missing the non-escrowed amounts. Please provide PCCD with page [Redacted] completed, LOE, and proof of mailing. Buyer Comment (2025-03-26): See Uploaded LOX, Rate Lock Confirmation, Sub Escrow Statement and Final Closing Statement attached to condition[Redacted] Reviewer Comment (2025-03-21): Corrected CD issued [Redacted] page [Redacted]did not reflect the non-escrow property costs. Corrected CD & LOE to borrower to cure. Buyer Comment (2025-03-20): See uploaded PCCD attached to condition [Redacted] |
03/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251083 | 33183107 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] did not disclose Estimated Property Costs over Year [Redacted]for loan with no escrow account established. | Final Closing Disclosure provided on [Redacted] did not disclose Estimated Property Costs over Year 1 for loan with no escrow account established. Page 1 stated an escrow account, while page 4 states an escrow account was declined. | Reviewer Comment (2025-03-31): [Redacted]received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2025-03-31): Rate Lock Confirmation dated [Redacted] Buyer Comment (2025-03-31): LOX from Lender dated [Redacted] Buyer Comment (2025-03-31): PCCD dated[Redacted] Reviewer Comment (2025-03-28): Escrow amounts on page[Redacted] show an annual amount of $[Redacted]. The total monthly escrow amount on page 1 is[Redacted] The non-escrowed amount [Redacted] does not appear to calculate to an annual real estate cost. Please provide documented support of the [Redacted] or PCCD, LOE and proof of mailing of corrected amounts. Reviewer Comment (2025-03-28): cured in error. Reviewer Comment (2025-03-28): [Redacted] received PCCD and LOE. Buyer Comment (2025-03-28): See uploaded PCCD dated [Redacted] Reviewer Comment (2025-03-27): Page [Redacted] is missing is missing the non-escrowed amounts. Please provide PCCD with page [Redacted] completed, LOE, and proof of mailing. Buyer Comment (2025-03-26): See Uploaded LOX, Rate Lock Confirmation, Sub Escrow Statement and Final Closing Statement attached to condition[Redacted] Reviewer Comment (2025-03-21): Corrected CD issued [Redacted] page [Redacted]did not reflect the non-escrow property costs. Corrected CD & LOE to borrower to cure. Buyer Comment (2025-03-20): See uploaded PCCD attached to condition[Redacted] |
03/31/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251083 | 33183108 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan will have an escrow account. | Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan will have an escrow account. Page 1 stated an escrow account, while page 4 states an escrow account was declined. | Reviewer Comment (2025-03-28): [Redacted] received Letter of Explanation & Corrected Closing Disclosure. Reviewer Comment (2025-03-27): Page [Redacted] is missing is missing the non-escrowed amounts. Please provide PCCD with page [Redacted] completed, LOE, and proof of mailing. Buyer Comment (2025-03-26): See Uploaded LOX, Rate Lock Confirmation, Sub Escrow Statement and Final Closing Statement attached to condition [Redacted] Reviewer Comment (2025-03-21): Corrected CD issued [Redacted] page [Redacted]did not reflect the non-escrow property costs. Corrected CD & LOE to borrower to cure. Buyer Comment (2025-03-20): See uploaded PCCD attached to condition[Redacted] |
03/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251083 | 33183109 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on[Redacted], prior to three ([Redacted]) business days from transaction date of [Redacted] | Subject loan transaction disbursed on [Redacted] , prior to three business days from transaction date of [Redacted] . | Reviewer Comment (2025-03-28): PCCD provided, exception cleared. Buyer Comment (2025-03-26): See Uploaded LOX, Rate Lock Confirmation, Sub Escrow Statement and Final Closing Statement attached to condition[Redacted] Reviewer Comment (2025-03-20): The Final Closing Statement stamped and/or signed is required for disbursement date validation. Buyer Comment (2025-03-20): See uploaded PCCD attached to condition [Redacted] |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251086 | 33208825 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Maximum Loan Amount discrepancy. | Note loan amount of ___ is greater than Guideline maximum loan amount of ___. | Note loan amount of $ [Redacted] is greater than Guideline maximum loan amount of $ [Redacted] . Lender exception with approval was provided in the loan file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
$[Redacted]residual income. DTI is [Redacted]% below guideline max. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-09): Lender exception in file. |
04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| 20251086 | 33210218 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Missing evidence of receipt of gift funds in the amount of [Redacted] . | Reviewer Comment (2025-04-16): Documentation provided; exception cleared. Seller Comment (2025-04-14): Attached the wire for the gift funds in the amount of [Redacted] |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251086 | 33210302 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [Redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The loan is at ATR Risk due to missing asset documentation. Unable to document trnsfer of Gift Funds used as asset in the amount of [Redacted] . | Reviewer Comment (2025-04-16): Documentation provided; exception cleared. Seller Comment (2025-04-14): Waterfall to Exception [Redacted] |
04/16/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251086 | 33210304 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The loan is at ATR Risk due to missing asset documentation. Unable to document transfer of Gift Funds used as asset in the amount of [Redacted] . | Reviewer Comment (2025-04-16): Documentation provided; exception cleared. Seller Comment (2025-04-14): Waterfall to Exception [Redacted] |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251088 | 33108654 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Waiving escrows, lender exception provided. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-27): Lender exception in file. |
03/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251090 | 33200061 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for paystub not showing YTD income without [Redacted] transcripts available. Approval in file. | Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. |
[Redacted] months reserves. LTV/CLTV is [Redacted]% below guideline max. LTV/CLTV is [Redacted]% below guideline max. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-08): Lender exception in file. |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251093 | 33125273 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is given for vesting in an LLC is approved with a [Redacted] pricing hit. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-28): Lender exception in file. |
03/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251093 | 33125517 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing letter of explanation stating reason the subject property is vacant. | Reviewer Comment (2025-04-08): Documentation provided; exception cleared. Seller Comment (2025-04-07): Attached the LOE |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20251099 | 33356362 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Notice of Right to Cancel Missing | Truth in Lending Act: Notice of Right to Cancel was not provided. | Reviewer Comment (2025-04-23): RTC provided, exception cleared. Buyer Comment (2025-04-21): See docs provided |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251101 | 33356345 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-04-09): Received and associated Title Final with title policy amount $[Redacted]. Exception cleared. |
04/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20251101 | 33356346 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-04-09): Received and associated Title Final with title policy amount $[Redacted]. Exception cleared. Buyer Comment (2025-04-09): See docs provided |
04/09/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251101 | 33356348 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing passports for borrower and coborrower. | Reviewer Comment (2025-04-21): Documentation provided; exception cleared. Buyer Comment (2025-04-17): See docs provided Reviewer Comment (2025-04-11): [Redacted] in original file. Missing copy of visa or passport. Buyer Comment (2025-04-09): See docs provided |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251102 | 33183139 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy amount is blank. A Final policy was not provided. | Reviewer Comment (2025-04-01): Received and associated Supplemental Title preliminary title policy amount [Redacted]. Exception cleared. Buyer Comment (2025-03-28): See supplemental doc with amount Reviewer Comment (2025-03-27): Received preliminary title report did not disclose the amount of title insurance coverage. Please Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. Exception remains Buyer Comment (2025-03-27): See docs provided |
04/01/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251103 | 33318453 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2025-04-03): Received and associated E-sign Consent Agreement document. Exception cleared. Buyer Comment (2025-04-02): E-sign consent |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251103 | 33318455 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. | Reviewer Comment (2025-04-11): Documentation provided; exception cleared. Buyer Comment (2025-04-09): Uploaded to [Redacted] Reviewer Comment (2025-04-04): We need a copy of the appraisal that was provided to the borrower on [Redacted] Buyer Comment (2025-04-02): Appraisal receipt uploaded to [Redacted] |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251103 | 33318456 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [Redacted]): Creditor did not provide a copy of each valuation to applicant three ([Redacted]) business days prior to consummation. | Evidence of Borrower receipt of the appraisal with report date [Redacted] was not provided. | Reviewer Comment (2025-04-11): Documentation provided; exception cleared. Buyer Comment (2025-04-09): Earlier version of appraisal Reviewer Comment (2025-04-04): We need a copy of the appraisal that was provided to the borrower on [Redacted] Buyer Comment (2025-04-02): [Redacted] |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251103 | 33318458 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Underwriting Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Underwriting Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. No valid changed circumstance was provided. No cure was provided to the Borrower. | Reviewer Comment (2025-04-03): [Redacted]Received COC dated [Redacted]with additional information. Buyer Comment (2025-04-02): COC |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251104 | 33244215 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved to waive escrows at [Redacted] LTV. | Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted] residual income [Redacted] months reserves. dti is [Redacted]% below guideline max. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-03): Lender exception in file. |
04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251105 | 33189454 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exceptions for tradelines and entity created[Redacted] days are approved contingent on [Redacted] months reserves prior to closing. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
FICO: [Redacted] | SitusAMC,Aggregator SitusAMC |
Reviewer Comment (2025-04-07): The client elects to waive |
04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251225 | 33193741 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception for First Time Investor using short term rental income. Contingent upon a minimum [Redacted] [Redacted] score and minimum [Redacted] months of reserves. | Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. | FICO: [Redacted] [Redacted] months of reserves. |
SitusAMC | Reviewer Comment (2025-04-07): The client elects to waive. |
04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251228 | 33497284 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Rider - Other not provided | Accommodation Rider is missing. | Reviewer Comment (2025-05-19): Received and associated Accommodation Rider. Exception Cleared. Buyer Comment (2025-05-16): See Updated, Executed Accommodation Rider Reviewer Comment (2025-05-15): The Rider provided is unsigned. Buyer Comment (2025-05-13): See uploaded Accomodation Wire |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251229 | 33102980 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is approved for escrow waiver. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted] residual income. [Redacted] months reserves. LTV/CLTV is [Redacted] below guideline max. LTV/CLTV is [Redacted] below guideline max. Fico is [Redacted] points above guideline minimum. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-26): Lender exception in file. |
03/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251230 | 33483905 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | Loan Estimate not delivered or placed in the mail to Borrower(s) within three ( [Redacted]) business days of application. | Reviewer Comment (2025-05-02): Received documentation of application date. Buyer Comment (2025-04-30): Proof of previous loan cancellation and lender certification Reviewer Comment (2025-04-21): [Redacted]received Approval document; however, we require Denial letter in order to verify application dated [Redacted] was cancelled or denied. Buyer Comment (2025-04-18): Please review docs uploaded[Redacted]. Lender acknowledges application date was from a previous cancelled file. Reviewer Comment (2025-04-18): [Redacted]received LOX for the file did not have the [Redacted]pieces of inforamtion for the application date until[Redacted]. Would need LOE on what information was not submitted/obtained in the [Redacted]pieces of information and when this information was submitted to constitute an application for purposes of RegZ. Buyer Comment (2025-04-17): **Per Lender: The issue is that it started as an open/close loan- attached is the initial LE that was issued within the correct time frame and the proof that the loan was cancelled. That is why the credit was run earlier . [Redacted]- application date [Redacted] Loan Estimate issued [Redacted] Loan cancelled [Redacted] program changed and moved to [Redacted] [Redacted]application date[Redacted] Loan estimate date [Redacted] Buyer Comment (2025-04-17): **Per Lender: The issue is that it started as an open/close loan- attached is the initial LE that was issued within the correct time frame and the proof that the loan was cancelled. That is why the credit was run earlier . [Redacted]- application date [Redacted] Loan Estimate issued [Redacted] Loan cancelled [Redacted] program changed and moved to [Redacted] [Redacted]application date [Redacted] Loan estimate date[Redacted] Buyer Comment (2025-04-17): LOE for dates Reviewer Comment (2025-04-11): [Redacted]received rebuttal and disclosure tracking that application date is [Redacted]. However, there are other loan documents that reflect discrepancies in the actual application date. See Doc ID [Redacted]Credit Report which is dated [Redacted] and is in line with the[Redacted] application date Additionally the preliminary Title Report, Doc ID [Redacted], is dated [Redacted]. Would need LOE on what information was not submitted/obtained and when this information was submitted to constitute an application for purposes of RegZ. Buyer Comment (2025-04-09): Application date LOE attached. System glitch. Has been fixed since. Reviewer Comment (2025-04-03): The timing for the LE under [Redacted])(1)(iii) is [Redacted]business days from application. In the event a mortgage broker receives the [Redacted]pieces of information that constitute an application, the timing will start from the time the broker receives the application under [Redacted]e) [Redacted])(ii). As a result, the timing for the initial LE on wholesale loans is the earlier of the creditor or broker application date. On this loan, the LE should have been issued within [Redacted]business days of the broker application date of [Redacted]. Buyer Comment (2025-04-01): Initial LE Buyer Comment (2025-04-01): E consent |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | B | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251230 | 33483906 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-25): Sufficient Cure Provided At Closing |
03/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251230 | 33483907 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-04-02): Title provided, exception cleared. |
04/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | C | A | B | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20251230 | 33483908 | Compliance | TRID | Document Error | TRID | Closing Disclosure: Dates are not in chronological order. | - | The CD dated [Redacted] was signed by the borrower on [Redacted]. | Reviewer Comment (2025-05-06): [Redacted]received lender attestation and electronic disclosure tracing confirming CD was issued on [Redacted]not [Redacted] Buyer Comment (2025-05-06): LOE and proof of delivery. Reviewer Comment (2025-04-21): Please accept this level [Redacted] exception as is. Buyer Comment (2025-04-17): LOE. Reviewer Comment (2025-04-07): The cd is in the file so we had to capture, please accept as is. Buyer Comment (2025-04-03): But the CD dated [Redacted]that was e-signed by the borrower on [Redacted] appears to be a copy of the closing documents sent early (sent on a [Redacted]for a [Redacted]closing). We have an initial CD dated [Redacted] and a wet signed Final CD dated and signed [Redacted]. Reviewer Comment (2025-04-02): Please accept this level [Redacted], informational exception as is. Buyer Comment (2025-03-31): Final CD dated and signed [Redacted] |
05/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Rate/Term | C | A | B | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251230 | 33483909 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2025-04-02): Title provided, exception cleared. Buyer Comment (2025-04-01): Loan amount on page [Redacted] |
04/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Rate/Term | C | A | B | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20251232 | 33483995 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-10): Sufficient Cure Provided At Closing |
04/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251232 | 33483996 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy amount is blank. A Final policy was not provided. | Reviewer Comment (2025-04-18): Received and associated Supplemental Title preliminary title policy amount $ [Redacted]. Exception cleared. Buyer Comment (2025-04-16): see docs provided |
04/18/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251232 | 33483998 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing 1120S and K-1's for [Redacted]. | Reviewer Comment (2025-04-21): Received and associated Letter of Explanation document for [Redacted]. Exception Cleared. Buyer Comment (2025-04-17): See docs provided |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251234 | 33425321 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | Per the appraisal, subject is rented. Provide current lease agreement. | Reviewer Comment (2025-04-21): Received and associated Vacation Rental Income Statement ([Redacted], [Redacted], etc.) document. Exception Cleared. Buyer Comment (2025-04-17): See docs provided |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251235 | 33111954 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved to close without stove installation. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted] residual income. [Redacted] months reserves. The DTI is [Redacted] below guideline max. Fico is [Redacted] points above guideline minimum. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-01): Lender exception in file. Seller Comment (2025-03-28): The approved exception is on page [Redacted] of [Redacted]. |
04/01/2025 | 2 | C | B | C | B | C | B | C | B | C | B | OH | Primary | Purchase | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 20251235 | 33137734 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-27): Sufficient Cure Provided At Closing |
03/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Purchase | Final CD evidences Cure | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||
| 20251236 | 33425245 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | An [Redacted] lender exception provided for business existing for less than [Redacted], however missing lender exception from [Redacted]. | The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. |
The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. | SitusAMC,Aggregator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-12): The client elects to waive. Reviewer Comment (2025-04-29): The Seller's exception approval was provided. Buyer Comment (2025-04-25): See docs provided |
05/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251236 | 33425246 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-17): Sufficient Cure Provided At Closing |
04/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251236 | 33425247 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Missing cash flow analysis required to use business assets for closing. | Reviewer Comment (2025-04-28): Received and associated Cash flow analysis document. Exception cleared. Buyer Comment (2025-04-24): See docs provided |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251237 | 33484097 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-22): Sufficient Cure Provided At Closing |
04/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WY | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251237 | 33484101 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing [Redacted] months rental history for prior primary. | Reviewer Comment (2025-04-30): Prior primary rental history was provided. Buyer Comment (2025-04-28): See docs provided |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WY | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251238 | 33175314 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception to use lower of 1007 rental income without new lease receipt documentation is approved. A [Redacted] pricing hit applies. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted]points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-04): Lender exception in file |
04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251239 | 33484307 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | The file was missing a copy of Business Purpose Certificate. | Reviewer Comment (2025-05-02): Received and associated Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-04-30): Business purpose |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251239 | 33484308 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | The file was missing a copy of Cash-Out Utilization letter or Business purpose certificate. | Reviewer Comment (2025-05-02): Received and associated Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-04-30): Business purpose uploaded to [Redacted]. |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251239 | 33484309 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | For Professional Investors: Investors must have a history of owning and managing commercial or residential real estate in the United States for at least [Redacted] months prior to note date in the last [Redacted] years. Experience can be documented by a letter of explanation (LOE) by borrower/guarantor detailing relevant real estate experience supported by a property profile report or other 3rd party documentation. [Redacted] reserves the right to request specific documentation to validate investor experience. | Reviewer Comment (2025-04-24): Documentation provided; exception cleared. Buyer Comment (2025-04-22): LOE for landlord history |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251240 | 33497285 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report was missing in the file. | Reviewer Comment (2025-05-16): Received and associated Fraud Report document. Exception Cleared. Buyer Comment (2025-05-15): See Uploaded Drive Report |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251240 | 33497286 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Note Addendum document was not provided in the file. | Reviewer Comment (2025-05-16): Received and associated Note Addendum - Prepayment document. Exception Cleared. Buyer Comment (2025-05-15): See Uploaded Prepayment Addendum Buyer Comment (2025-05-15): See Uploaded Prepayment Addendum to the Note |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | Yes | ||||||||||||||||
| 20251240 | 33497287 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC Document was not provided in the file. | Reviewer Comment (2025-05-16): Received and associated Fraud Report document. Exception Cleared. Buyer Comment (2025-05-15): See uploaded Drive Report |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251241 | 33216556 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to use more than the borrower's business ownership for funds to close and reserves. Approval provided contingent on [Redacted] months reserves and [Redacted] of [Redacted] . | Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
LTV is [Redacted]% below guideline max. Fico is [Redacted] points above guideline minimum. |
SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-10): Lender exception in file. |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251242 | 33397738 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Validation of the legitimacy of the CPA is required and was not provided. | Reviewer Comment (2025-05-13): Documentation provided; exception cleared. Reviewer Comment (2025-05-12): Please provide CPA Verification or Validation. Exception remains. Seller Comment (2025-05-08): The CPA Validation can be found on page [Redacted]. Please Cancel. |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20251243 | 33483899 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Missing a cash flow analysis and borrower LOE or CPA letter stating use of business funds will not have a negative impact on business. | Reviewer Comment (2025-05-09): Received and associated Cash Flow analysis. Sufficient assets for closing and reserve requirement verified. Exception cleared. Buyer Comment (2025-05-07): See docs provided with cash flow Reviewer Comment (2025-04-22): Please Provide Cash flow analysis to verify no negative impact to business with use of business fund. Exception remains Buyer Comment (2025-04-18): See docs provided Reviewer Comment (2025-03-28): Missing cash flow analysis, exception remains. Buyer Comment (2025-03-27): See docs provided |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251245 | 33483925 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Less than [Redacted] months self-employment seasoning. An [Redacted] lender exception is in file, missing [Redacted] lender exception. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted] residual income. The dti is [Redacted]% below guideline max. Fico is [Redacted]points above guideline minimum. |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-07): Lender exception in file. Buyer Comment (2025-04-03): Lender exception approval |
04/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251245 | 33483926 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Private VOR with no cancelled checks. An [Redacted] lender exception is in file, missing [Redacted] lender exception. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted] residual income. The dti is [Redacted]% below guideline max. Fico is [Redacted]points above guideline minimum. |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-07): Lender exception in file. Buyer Comment (2025-04-03): Lender exception approval |
04/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251246 | 33483990 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to not include departing residence in the DTI. Approval in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. DTI is [Redacted]% below guideline max. Fico is [Redacted]points above guideline minimum. |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-14): Lender exceptions in file. |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251246 | 33483991 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to waive [Redacted] K-1. Borrower became a partner on [Redacted], and was previously W-2 wage earner. Document is not available. Approval in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. DTI is [Redacted]% below guideline max. Fico is [Redacted]points above guideline minimum. |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-14): Lender exceptions in file. |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251248 | 33425295 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report was missing in the file. | Reviewer Comment (2025-04-08): Documentation provided; exception cleared. Buyer Comment (2025-04-07): Fraud with OFAC uploaded to [Redacted]. |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | D | A | C | A | D | A | N/A | No | ||||||||||||||||
| 20251248 | 33425296 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Reviewer Comment (2025-04-08): Documentation provided; exception cleared. Buyer Comment (2025-04-07): Fraud with OFAC |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | D | A | C | A | D | A | N/A | No | |||||||||||||||||
| 20251248 | 33425298 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Secondary valuation is missing for securitization purposes. | Reviewer Comment (2025-04-08): CDA provided, exception cleared. Buyer Comment (2025-04-07): CDA supporting value |
04/08/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Refinance - Rate/Term | D | A | C | A | D | A | N/A | No | ||||||||||||||||
| 20251248 | 33425299 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per guidelines, non-first time investor living rent free requires proof of [Redacted] month ownership and rental history on an REO. | Reviewer Comment (2025-04-25): Documentation provided; exception cleared. Buyer Comment (2025-04-23): LOE Reviewer Comment (2025-04-16): Guidelines require proof of [Redacted]month rental history for this scenario. Provide prior lease or Sch E, etc. Buyer Comment (2025-04-14): The subject property is an REO property and he has owned it for greater than [Redacted] months per title, he also owned [Redacted] on his URLA for [Redacted]months according to the credit report and the [Redacted]mortgage statement given to show the address to match the[Redacted] credit report on the URLA. [Redacted] has been owned for greater than [Redacted]months see attached. Reviewer Comment (2025-04-10): Missing evidence of [Redacted]month rental history on one. Can accept an LOE, lease, Sch E, etc. Buyer Comment (2025-04-08): 1003 shows multiple REOs with mortgages tied to them. [Redacted] our of [Redacted] mortgages have payment histories greater than [Redacted]months ([Redacted]). |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | D | A | C | A | D | A | N/A | No | ||||||||||||||||
| 20251251 | 33400623 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Short reserves after deducting amount required for purchase of other REO. | Reviewer Comment (2025-05-16): An additional month's bank statement was provided. Seller Comment (2025-05-14): Attached the [Redacted]Bank Statement for the [Redacted] Account ending in [Redacted] and updated 1003 and 1008. Seller Comment (2025-05-14): Attached the [Redacted] Bank Statement for the [Redacted] Account ending in [Redacted]and updated 1003 and 1008. Seller Comment (2025-05-14): Attached the [Redacted]Bank Statement for the [Redacted] Account ending in [Redacted]and updated 1003 and 1008. |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251251 | 33400628 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | Short funds for closing and reserves after deducting amount required for purchase of other REO. | Reviewer Comment (2025-05-16): An additional month's bank statement was provided. Seller Comment (2025-05-14): Waterfall to Exception # [Redacted] |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251251 | 33400632 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | Short reserves after deducting amount required for purchase of other REO. | Reviewer Comment (2025-05-16): An additional month's bank statement was provided. Seller Comment (2025-05-14): Waterfall to Exception # [Redacted] |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251253 | 33425185 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-08): Sufficient Cure Provided At Closing |
04/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251256 | 33094967 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for closing in a layered entity. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-25): Lender exception in file. |
03/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251257 | 33425313 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title Evidence: ___ | 04/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Purchase | A | A | A | A | A | A | N/A | No | |||||||||||||||||
| 20251261 | 33484297 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-04-16): Received and associated Title Final with title policy amount [Redacted]. Exception cleared. |
04/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Purchase | B | A | B | A | A | A | N/A | No | |||||||||||||||||
| 20251261 | 33484298 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-04-16): Received and associated Title Final with title policy amount [Redacted]. Exception cleared. Buyer Comment (2025-04-14): See title work provided |
04/16/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | B | A | B | A | A | A | N/A | No | ||||||||||||||||
| 20251264 | 33484300 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Background Check not provided | Reviewer Comment (2025-04-23): Received and associated Fraud Report document. Exception Cleared. Buyer Comment (2025-04-21): See docs provided |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||||
| 20251264 | 33484301 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Reviewer Comment (2025-04-23): Received and associated Fraud Report document. Exception Cleared. Buyer Comment (2025-04-21): See docs provided |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||||
| 20251264 | 33484302 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Reviewer Comment (2025-04-23): Received and associated Fraud Report document. Exception Cleared. Buyer Comment (2025-04-21): See docs provided |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||||
| 20251265 | 33484085 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Business Narrative document not provided | Reviewer Comment (2025-05-06): Received and associated Business narrative document for [Redacted]. Exception Cleared. Buyer Comment (2025-05-05): Business narrative |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251266 | 33425169 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Reviewer Comment (2025-04-10): Received and associated Fraud Report document. Exception Cleared. Buyer Comment (2025-04-09): Fraud report |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20251266 | 33425170 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Tax verification was not provided. | Reviewer Comment (2025-04-10): Received and associated Tax Certificate document. Exception Cleared. Buyer Comment (2025-04-09): Tax |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251266 | 33425171 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Reviewer Comment (2025-04-10): Received and associated Fraud Report document. Exception Cleared. Buyer Comment (2025-04-09): Fraud report uploaded to [Redacted]. |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251266 | 33425172 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Reviewer Comment (2025-04-10): Received and associated Title Commitment title policy amount $[Redacted]. Exception cleared. Buyer Comment (2025-04-09): Loan amount Buyer Comment (2025-04-09): Title |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20251266 | 33425175 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Notice of Right to Cancel Missing | Truth in Lending Act: Notice of Right to Cancel was not provided. | Reviewer Comment (2025-04-11): Documentation provided; exception cleared. Buyer Comment (2025-04-09): Right to cancel |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251266 | 33425176 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-07): Sufficient Cure Provided At Closing |
04/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251268 | 33425187 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-04-23): Received appraisal notice document confirms that the appraisal was delivery to borrower on [Redacted]. Exception cleared. |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251268 | 33425188 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Evidence of Borrower receipt of the appraisal with report date [Redacted]) was not provided. | Reviewer Comment (2025-04-23): Received appraisal notice document confirms that the appraisal was delivery to borrower on [Redacted] . Exception cleared. Buyer Comment (2025-04-21): See docs provided |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251268 | 33425191 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Loan Estimate Seven Day Waiting Period | TILA-RESPA Integrated Disclosure: Loan Estimate was not delivered or placed in the mail to the borrower at least seven (7) business days prior to closing. | Loan Estimate was not delivered or placed in the mail to the borrower at least seven business days prior to closing. | Reviewer Comment (2025-04-17): [Redacted] received [Redacted] LE Buyer Comment (2025-04-15): See docs provided |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Purchase | No Defined Cure | D | A | D | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20251268 | 33425193 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Missing rent free letter for [Redacted] months prior to current rental. | Reviewer Comment (2025-04-17): Received and associated Rent Free Letter. Exception Cleared. Buyer Comment (2025-04-15): See docs provided |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | D | A | NV | Primary | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251268 | 33425194 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | Loan Estimate not delivered or placed in the mail to Borrower within [Redacted] business days of application. | Reviewer Comment (2025-04-16): [Redacted]received initial LE dated [Redacted]. Buyer Comment (2025-04-15): See docs provided |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251270 | 33149042 | Credit | Guideline | Guideline Issue | Guideline | Ineligible borrower per guidelines. | Per guidelines:[Redacted] are ineligible. Per the Note, trust a borrower on the subject loan and property is vesting in the trust. Lender exception provided in loan submission. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-07): Lender exception in file. Seller Comment (2025-04-03): The exception is on page [Redacted]. Please Waive. |
04/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251271 | 33484025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $[Redacted] on Loan Estimate but disclosed as $[Redacted] on Final Closing Disclosure dated [Redacted]. No valid changed circumstance was provided. Insufficient cure provided for all closing costs above the legal limit. | Reviewer Comment (2025-04-25): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251271 | 33484026 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Verification Fee was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted] on Final Closing Disclosure dated [Redacted]. No valid changed circumstance was provided. Insufficient cure provided for all closing costs above the legal limit. | Reviewer Comment (2025-04-25): [Redacted]received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-04-24): See cure provided |
04/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NV | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251272 | 33484075 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. No valid changed circumstance was provided. No cure was provided to the Borrower. | Reviewer Comment (2025-05-06): [Redacted] received corrected PCCD and LOE. Buyer Comment (2025-05-02): The reimbursement part is for [Redacted] Buyer Comment (2025-05-02): PCCD correcting fee placement |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251272 | 33484076 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. No valid changed circumstance was provided. No cure was provided to the Borrower. | Reviewer Comment (2025-05-06): [Redacted] received PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-05-02): TRID cure docs for appraisal fee. |
05/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251274 | 33138608 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for personal bank statements for a corporation when Comingled Bank Accounts may only be used by Sole Propretors. Lender approval in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted] . |
Borrower has been employed in the same industry for more than [Redacted] years. | SitusAMC,Aggregator SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-31): The client elects to waive. |
03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | |||||||||||
| 20251275 | 33083491 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for cash out seasoning. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
FICO - [Redacted] | SitusAMC,Aggregator SitusAMC |
Reviewer Comment (2025-03-21): The client elects to waive. |
03/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251278 | 33451044 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to use the lease agreement with [Redacted]st months rent and security. Approval in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-15): Lender exception in file. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251278 | 33455990 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for [Redacted]% seller contribution. Approval in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-15): Lender exception in file. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251281 | 33425300 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Reviewer Comment (2025-04-17): Received and associated Fraud Report document. Exception Cleared. Buyer Comment (2025-04-15): Fraud report |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251281 | 33425301 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Reviewer Comment (2025-04-17): Received and associated Fraud Report document. Exception Cleared. Buyer Comment (2025-04-15): Fraud report uploaded to [Redacted]. |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||
| 20251281 | 33425302 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Reviewer Comment (2025-04-17): Received and associated Fraud Report document. Exception Cleared. Buyer Comment (2025-04-15): OFAC search from Fraud report. Complete fraud report uploaded to [Redacted]. |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||||
| 20251282 | 33103501 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Month to month lease requires [Redacted] months c[Redacted], lender exception in file. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
LTV is [Redacted] below guideline max. Fico is [Redacted] points above guideline minimum. |
SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-26): Lender exception in file. |
03/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251283 | 33155695 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for less than six months on title for a cash out refinance. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-03): Lender exception in file. |
04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251286 | 33418904 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to use [Redacted]% of Business funds contingent on all other entity owners providing an access letter. Approval in file. Access letters from all other owners in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
FICO [Redacted] | SitusAMC,Aggregator SitusAMC |
Reviewer Comment (2025-05-08): The client elects to waive. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251289 | 33425326 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2025-04-24): Received and associated Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-04-22): Business purpose |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||||
| 20251289 | 33425327 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for vesting in a layered entity where all borrowers directly or indirectly own [Redacted]%. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .[Redacted]. |
[Redacted] months reserves. | SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-04-17): Lender exception in file. |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251292 | 33484139 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-08): [Redacted] received corrected PCCD reconciled with final SS along with LOE. Buyer Comment (2025-05-07): See uploaded Processor Cert and corresponding docs for cure Reviewer Comment (2025-05-06): [Redacted] received SSPL Disclosure, [Redacted]LE & VCC. However, the SSPL disclosure confirms the payees on the title fees were paid to a provider and would be tested at [Redacted]. Baseline [Redacted] based on [Redacted] LE and fees increased on final CD [Redacted] which is over [Redacted]. Title-Notary fee increased which was [Redacted] baseline as not disclosed on initial [Redacted] LE but charged on final CD [Redacted] and the Recording fee in Section E increased from [Redacted] to [Redacted]. These did not have a valid changed circumstance. Cure with Corrected CD, LOE to borrower, copy of cure refund of [Redacted] and proof of mailing. Buyer Comment (2025-05-06): See Uploaded SSPL Reviewer Comment (2025-05-05): [Redacted] received loan details. But the file does not contain a Settlement Service Providers List. The SSPL is necessary to determine the tolerance and whether the borrower shopped for services. Buyer Comment (2025-05-02): Loan Detail |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251292 | 33484140 | Compliance | Compliance | Federal Compliance | TRID | TRID Settlement Service Provider Status | TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. | Borrower not provided with list of service providers. | Reviewer Comment (2025-05-06): [Redacted] received [Redacted] disclosure |
05/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20251292 | 33484141 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Origination Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-06): [Redacted] received [Redacted] LE & VCC Buyer Comment (2025-05-06): See Uploaded final LE Reviewer Comment (2025-05-05): [Redacted] received loan details, but the origination fee was increased from [Redacted] to [Redacted] on CD dated [Redacted] without providing any valid COC in file. Please provide information as to what changed circumstance occurred (as defined under [Redacted](e) [Redacted]-(F) that resulted in an increase in closing costs or provide cure docs. Buyer Comment (2025-05-02): Loan Detail |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251294 | 33062915 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Greater than [Redacted]% investor concentration, non-warranty condo, lender exception in file. | Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Fico is [Redacted] points above guideline minimum. | SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-19): Lender exception in file. |
03/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251295 | 33425217 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-[Redacted]exceeds tolerance of $-[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-[Redacted] exceeds tolerance of $-[Redacted]. No valid changed circumstance was provided. No cure was provided to the Borrower. | Reviewer Comment (2025-04-24): [Redacted]Received Valid COC dated[Redacted] along with CD. Buyer Comment (2025-04-22): CD and COC |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251295 | 33425219 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | Provide either [Redacted] months business bank statements for income used from personal accounts or provide a cpa letter to verify fixed expense ratio. | Reviewer Comment (2025-04-28): Not required; this is a co-mingled bank statement loan. Buyer Comment (2025-04-28): [Redacted]. The borrower is the only employee. No additional employees. Reviewer Comment (2025-04-25): As per Business Narrative Employees showing [Redacted], however Guidelines showing (Fixed Expense Ratio) for service business [Redacted] Contract Employees = [Redacted] Fixed Expense ratio. Please provide CPA Letter to Verify Fixed Expense ratio. Exception remains. Buyer Comment (2025-04-23): Per guidelines and verified by CPA letter borrower is in the the beauty and wellness industry = Service industry. The income calculation option chosen is Option 1 (Fixed Expense Factor): (Business Bank Account or Commingled Bank Accounts). [Redacted]contract employees = [Redacted]% Fixed Expense Ratio. |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251295 | 33425220 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Reviewer Comment (2025-04-28): Not required; this is a co-mingled bank statement loan. Buyer Comment (2025-04-28): Corrected Business narrative verifying no employees except borrower uploaded to [Redacted] Buyer Comment (2025-04-24): Borrower using account with only her name on it as a business account. All deposits are from work. |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20251298 | 33318464 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The file is missing a copy of the Business Narrative. | Reviewer Comment (2025-04-07): Documentation provided; exception cleared. Buyer Comment (2025-04-03): Business narrative |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20251298 | 33318466 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | The file is missing a copy of the final 1003. | Reviewer Comment (2025-04-02): Received and associated Final 1003 document. Exception cleared. Buyer Comment (2025-04-02): See docs provided |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 20251298 | 33318470 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $[Redacted]on Loan Estimate but disclosed as $[Redacted]on Final Closing Disclosure dated [Redacted]. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-04-18): [Redacted]Received Letter of Explanation, Copy of Refund Check, and Corrected CD Buyer Comment (2025-04-17): See docs provided Reviewer Comment (2025-04-15): [Redacted]received LOX stating "the branch didn't adjust the fee from $ [Redacted]to $ [Redacted]based on the county" which is a tolerance breach. Therefore,we would require cure of $ [Redacted]. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-04-11): See docs provided Reviewer Comment (2025-04-03): [Redacted]received COC dated [Redacted] stating "Increased in Appraisal fee" which doesn't give sufficient information as to why the appraisal fee were increased. Kindly provide additional information as to why the appraisal fee were increased or provide cure docs.Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-04-02): See docs provided |
04/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251299 | 33484053 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. No valid changed circumstance was provided. No cure was provided to the Borrower. | Reviewer Comment (2025-05-07): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-06): TRID cure |
05/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251299 | 33484055 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Missing vvoe dated within [Redacted] days of the Note date. | Reviewer Comment (2025-05-08): Received and Associated VVOE document for [Redacted] Financial Markets. Exception cleared. Buyer Comment (2025-05-06): VOE |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20251300 | 33248374 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2025-04-28): Received and associated complete [Redacted] months bank statements from [Redacted][Redacted].Sufficient assets for closing and reserve requirement verified. Exception cleared. Seller Comment (2025-04-24): Attached 2nd Statement for [Redacted] account number [Redacted]and added to assets at [Redacted]% along with updated [Redacted]/[Redacted]. Please Clear. Seller Comment (2025-04-24): Attached 2nd Statement for [Redacted] account number [Redacted]and added to assets at [Redacted] along with updated [Redacted]/[Redacted]. Please Clear. Reviewer Comment (2025-04-18): POC added to assets, borrower is still short funds for reserves. Reviewer Comment (2025-04-18): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Calculated PITIA months reserves of [Redacted] is less than Guideline PITIA months reserves of [Redacted] Seller Comment (2025-04-16): The appraisal Invoice / receipt is on page [Redacted] of [Redacted]and paid prior to close. Please Cancel. |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 20251300 | 33248405 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [Redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Insufficient assets verified to meet reserve requirement. | Reviewer Comment (2025-04-28): Received and associated complete [Redacted]months bank statements from [Redacted[Redacted]. Sufficient assets for closing and reserve requirement verified. Exception cleared. Reviewer Comment (2025-04-18): POC added to assets, borrower is still short funds for reserves. Seller Comment (2025-04-16): Waterfall to Exception [Redacted] |
04/28/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Purchase | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||
| 20251300 | 33248406 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Insufficient assets verified to meet reserve requirement. | Reviewer Comment (2025-04-28): Received and associated complete [Redacted] months bank statements from Robinhood [Redacted]. Sufficient assets for closing and reserve requirement verified. Exception cleared. Reviewer Comment (2025-04-18): POC added to assets, borrower is still short funds for reserves. Seller Comment (2025-04-16): Waterfall to Exception [Redacted] |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20251302 | 33425198 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Loan Discount Points was last disclosed as $[Redacted]on LE but disclosed as $[Redacted]on Final Closing Disclosure. No valid changed circumstance was provided. Insufficient cure provided for all closing costs above the legal limit. |
Reviewer Comment (2025-04-23): [Redacted]received valid COC dated [Redacted] Buyer Comment (2025-04-21): See explanation provided Reviewer Comment (2025-04-18): [Redacted]received COC dated [Redacted] however we would also require valid COC for the fee increased on CD dated [Redacted]for $[Redacted]. Kindly provide a valid COC for the fee increased on CD dated [Redacted] or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-04-17): See docs provided |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251302 | 33425199 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA/Condo Questionnaire. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | HOA/Condo Questionnaire fee was last disclosed as $[Redacted]on LE but disclosed as $[Redacted]on Final Closing Disclosure. No valid changed circumstance was provided. Insufficient cure provided for all closing costs above the legal limit. |
Reviewer Comment (2025-04-23): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251302 | 33425200 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Insurance Binder Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Insurance Certificate Fee was last disclosed as $[Redacted]on LE but disclosed as $[Redacted]on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-04-23): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251302 | 33425202 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | An Arc lender exception for required Balcony repairs is in file, missing lender exception from G Rate. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted] residual income. [Redacted] months reserves LTV/CLTV is [Redacted]% below guideline max. LTV/CLTV is [Redacted]% below guideline max. Fico is [Redacted] points above guideline minimum. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-21): Lender exception in file. Buyer Comment (2025-04-17): See docs provided |
04/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251302 | 33425203 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing [Redacted]W-2 | Reviewer Comment (2025-04-28): Received and associated [Redacted]W-2 for[Redacted]. Exception Cleared. Buyer Comment (2025-04-24): See docs provided Reviewer Comment (2025-04-21): The transcript was in the original file, the exception is for the [Redacted]W2. Buyer Comment (2025-04-17): See docs provided |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251302 | 33425204 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA/Condo Questionnaire. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing. | Reviewer Comment (2025-04-23): Sufficient Cure Provided At Closing |
04/23/2025 | 1 | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 20251302 | 33425205 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Insurance Binder Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing. | Reviewer Comment (2025-04-23): Sufficient Cure Provided At Closing |
04/23/2025 | 1 | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 20251304 | 33100251 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Cash out requires seasoning of [Redacted] months, and using market rent instead of original purchase price, lender exception in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-03-26): Lender exception in file. |
03/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251305 | 33497266 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation. | Reviewer Comment (2025-04-07): Documentation provided; exception cleared. Buyer Comment (2025-04-03): Clear Capital AVM |
04/07/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Second Home | Purchase | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 20251309 | 33425328 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Copy of Business Purpose Certificate is not available in file. | Reviewer Comment (2025-04-23): Received and associated Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-04-21): See doc provided |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251311 | 33425161 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy amount is blank. A Final policy was not provided. | Reviewer Comment (2025-01-09): Escrow instructions reflects coverage amount of $[Redacted]. Exception cleared . Buyer Comment (2025-01-08): see docs provided |
01/09/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251311 | 33425162 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Missing evidence of funds from sale of REO, resulting in insufficient assets for closing and reserves. | Reviewer Comment (2025-03-19): Additional assets provided, exception cleared. Buyer Comment (2025-03-18): see updated 1003 Reviewer Comment (2025-03-12): Provide updated 1003 with accounts being added and amount being used from each account. Buyer Comment (2025-03-10): see docs provided Reviewer Comment (2025-02-06): Total funds to close [Redacted] months reserves totals $[Redacted], which is more than we have documented in file, exception remains. Buyer Comment (2025-02-04): See docs provided Reviewer Comment (2025-01-13): Please provide additional document as PITIA months reserves of is [Redacted]is less than Guideline PITIA months reserves of [Redacted]. Exception remains. Buyer Comment (2025-01-10): see statement |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251311 | 33425163 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Missing evidence of funds from sale of REO, resulting in insufficient assets for closing and reserves. | Reviewer Comment (2025-01-13): Received and associated Estimated closing statement with $[Redacted]. Exception clear. Buyer Comment (2025-01-10): see settlement statement provided |
01/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251311 | 33425164 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Missing evidence of funds from sale of REO, resulting in insufficient assets for closing and reserves. | Reviewer Comment (2025-03-19): Additional assets provided, exception cleared. Buyer Comment (2025-03-18): see updated 1003 Reviewer Comment (2025-03-12): Provide updated 1003 with accounts being added and amount being used from each account. Buyer Comment (2025-03-10): see docs provided Reviewer Comment (2025-02-06): Total funds to close [Redacted] months reserves totals $[Redacted], which is more than we have documented in file, exception remains. Buyer Comment (2025-02-04): See docs provided Reviewer Comment (2025-01-14): Funds needed for closing and reserves is $[Redacted], amount verified in file is $[Redacted], exception remains. Buyer Comment (2025-01-10): see statement |
03/19/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251311 | 33425165 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Missing evidence of funds from sale of REO, resulting in insufficient assets for closing and reserves. | Reviewer Comment (2025-03-19): Additional assets provided, exception cleared. Buyer Comment (2025-03-18): see updated 1003 Reviewer Comment (2025-03-12): Provide updated 1003 with accounts being added and amount being used from each account. Buyer Comment (2025-03-10): see docs provided Reviewer Comment (2025-02-06): Total funds to close + [Redacted]months reserves totals $[Redacted], which is more than we have documented in file, exception remains. Buyer Comment (2025-02-04): See docs provided Reviewer Comment (2025-01-14): Funds needed for closing and reserves is $[Redacted], amount verified in file is $[Redacted], exception remains. Buyer Comment (2025-01-10): see statement |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251312 | 33425306 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-04-14): Received and associated UCDP report with CU Score#[Redacted]. Exception Cleared. Buyer Comment (2025-04-11): See SSR provided - secondary valuation not required. |
04/14/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Investment | Purchase | D | A | A | A | D | A | N/A | No | |||||||||||||||||
| 20251312 | 33425307 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-14): Received and associated UCDP report with CU Score#[Redacted]. Exception Cleared. Buyer Comment (2025-04-11): See SSR provided - secondary valuation not required. |
04/14/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Investment | Purchase | D | A | A | A | D | A | N/A | No | ||||||||||||||||
| 20251313 | 33455265 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-14): Sufficient Cure Provided At Closing |
05/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||
| 20251316 | 33135485 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for use of personal bank statements for a corporation. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. |
Over [Redacted] months of reserves | SitusAMC,Aggregator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-31): The client elects to waive. |
03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251317 | 33483970 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-04-29): The client accepts as is. Buyer Comment (2025-04-29): Please accept as is - level 2 Reviewer Comment (2025-04-28): Please accept as is. Buyer Comment (2025-04-24): See field review provided Reviewer Comment (2025-04-16): Please accept as is. Buyer Comment (2025-04-14): See CDA |
2 | A | A | A | A | A | A | A | A | B | B | IL | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Non QM | Non QM | No | ||||||||||||||
| 20251318 | 33425232 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The file was missing a copy of Business Narrative | Reviewer Comment (2025-04-21): Documentation provided; exception cleared. Buyer Comment (2025-04-18): See docs provided |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251318 | 33425234 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | The file was missing a copy Purchase Agreement | Reviewer Comment (2025-04-21): Documentation provided; exception cleared. Buyer Comment (2025-04-17): see contract provided Buyer Comment (2025-04-17): See docs provided |
04/21/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NC | Primary | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251318 | 33425235 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Correct final 1003 to reflect borrower was a supervisor at prior job, not a certified [Redacted] assistant. | Reviewer Comment (2025-04-25): Documentation provided; exception cleared. Buyer Comment (2025-04-23): See docs provided Reviewer Comment (2025-04-21): The prior voe does provide title. If the borrower was a [Redacted] prior, then we need to set exceptions for borrower being self employed less than [Redacted]years and not being in same line of business for at least [Redacted]years, as required per the guidelines for self employed borrower less than [Redacted]years, please advise. Buyer Comment (2025-04-17): prior employment verification does not specify the position as supervisor - employment is correct on 1003 |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251319 | 33484116 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Closing Disclosure not provided to Borrower at least three business days prior to closing. | Reviewer Comment (2025-04-29): [Redacted] received [Redacted] CD, received [Redacted] business days prior to consummation. Buyer Comment (2025-04-28): See docs provided |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20251319 | 33484117 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-23): Sufficient Cure Provided At Closing |
04/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251319 | 33484118 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [Redacted], prior to three (3) business days from transaction date of [Redacted]. | Subject loan transaction disbursed on [Redacted], prior to three business days from transaction date of [Redacted]. | Reviewer Comment (2025-05-09): Documentation provided; exception cleared. Buyer Comment (2025-05-07): See doc provided Reviewer Comment (2025-04-30): Please provide the Final Settlement Statement signed and/or stamped by the Settlement Agent. A Lender-generated PCCD is not an accepted document for evidence of the disbursement date. Buyer Comment (2025-04-28): See docs provided |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251322 | 33425254 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Missing evidence of receipt of gift funds. | Reviewer Comment (2025-04-28): Documentation provided; exception cleared. Buyer Comment (2025-04-24): See docs provided |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251322 | 33425255 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Missing evidence of receipt of gift funds, resulting in insufficient assets to meet reserve requirement. | Reviewer Comment (2025-04-28): Documentation provided; exception cleared. Buyer Comment (2025-04-24): See docs provided |
04/28/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251322 | 33425256 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan is at ATR risk due to insufficient reserves. | Reviewer Comment (2025-04-28): Documentation provided; exception cleared. Buyer Comment (2025-04-24): See docs provided |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251322 | 33425257 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Missing [Redacted] month rental history from a third party or if private landlord, lease and [Redacted] months cancelled checks. | Reviewer Comment (2025-05-01): Received Bank Statement and Verification of Rent (VOR) to verify [Redacted]months rental history for Primary property. Exception Cleared. Buyer Comment (2025-04-29): Bank statements are attached to VOR Reviewer Comment (2025-04-28): VOR provided, please specify where the [Redacted]months cancelled checks/bank statements verify the rental payments. Buyer Comment (2025-04-24): See docs provided |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251324 | 33194028 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to vest in LLC with [Redacted] members. Contingent on [Redacted] months reserves and minimum of [Redacted]% ownership. Approval in file. | Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Miscellaneous |
Fico is [Redacted] points above guideline minimum. [Redacted] months reserves. |
SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-04-07): Lender exception in file. |
04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251324 | 33194054 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for[Redacted]. Contingent on [Redacted]months of reserves. Approval in file. | Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Miscellaneous |
Fico is [Redacted] points above guideline minimum. [Redacted] months reserves. |
SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-04-07): Lender exception in file. |
04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251326 | 33483913 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. | Reviewer Comment (2025-04-18): Received appraisal notice document confirms that the appraisal was signature by borrower on [Redacted]. Exception cleared. |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20251326 | 33483914 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Evidence of Borrower receipt of the appraisal with report date [Redacted] was not provided. | Reviewer Comment (2025-04-18): Received appraisal notice document confirms that the appraisal was signature by borrower on [Redacted] . Exception cleared. Buyer Comment (2025-04-16): Lender LOX |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20251326 | 33483915 | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) Massachusetts Higher-Priced Mortgage Loan (Loan Exceeds HPML Thresholds and failed One or More Federal HPML Provisions Making Loan a Non-Compliant MA HPML - Refer to Federal HPML Exceptions for more details) | Massachusetts Higher-Priced Mortgage Loan: Federal HPML Not Compliant. Refer to failed messages for Federal HPML for more details. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. | Reviewer Comment (2025-04-18): Received appraisal notice document confirms that the appraisal was signature by borrower on [Redacted] . Exception cleared. |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20251326 | 33483916 | Compliance | Compliance | State Compliance | State HPML | Massachusetts HPML Threshold Test Non-Compliant | Massachusetts Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]% Non-Compliant Higher Priced Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]% | Reviewer Comment (2025-04-18): Received appraisal notice document confirms that the appraisal was signature by borrower on [Redacted] . Exception cleared. |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | No obvious cure | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 20251326 | 33483918 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing [Redacted] months verification of rent. | Reviewer Comment (2025-04-01): VOR and rent-free letter were provided. Buyer Comment (2025-03-28): See uploaded VOR and Rent Free letter prior to. Buyer Comment (2025-03-28): VOR and LOX Buyer Comment (2025-03-28): See Uploaded Rent Free letter and VOR |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 20251326 | 33483920 | Compliance | Compliance | State Compliance | State HPML | Massachusetts HPML Threshold Test Compliant | Massachusetts Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]% Compliant Higher Priced Loan. | Buyer Comment (2025-04-25): Accept as is Reviewer Comment (2025-04-24): Please accept level 2 as is. Buyer Comment (2025-04-22): See uploaded [Redacted]report |
2 | B | B | B | B | B | MA | Primary | Purchase | No obvious cure | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||||
| 20251328 | 33003838 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [Redacted] months cancelled checks provided, [Redacted] months required, lender exception in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-10): Lender exception in file. |
03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251329 | 33425281 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-29): Sufficient Cure Provided At Closing |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Rate/Term | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251333 | 33175682 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | FTI on refinance transaction, lender exception provided. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. LTV is [Redacted] below guideline max. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-03): Lender exception in file. |
04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251335 | 33425240 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Reviewer Comment (2025-04-25): Received and associated 1003 Final. Exception cleared. Buyer Comment (2025-04-24): Final executed 1003 attached Buyer Comment (2025-04-23): 1003 |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 20251337 | 33195385 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for no appliances. Approval in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly mortgage payment has decreased by at least [Redacted]%. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
$[Redacted]residual income DTI is [Redacted]% below guideline max. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-07): Lender exception in file. |
04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251339 | 33425316 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for cash out to cash out seasoning. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-16): Lender exception in file |
04/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||
| 20251339 | 33425317 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing pay [Redacted] month pay history on subject property. | Reviewer Comment (2025-04-23): Documentation provided; exception cleared. Buyer Comment (2025-04-21): See docs provided |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||||
| 20251339 | 33425318 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide a LOE from borrower or other third party documentation to verify borrower has [Redacted]ownership and landlord history for at least [Redacted] months in last [Redacted] years. | Reviewer Comment (2025-04-23): Documentation provided; exception cleared. Buyer Comment (2025-04-21): See docs provided |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||||
| 20251339 | 33425319 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Reviewer Comment (2025-04-23): Received and associated Guarantor Agreement document. Exception Cleared. Buyer Comment (2025-04-21): See docs provided |
04/23/2025 | 1 | D | A | D | A | D | A | D | A | D | A | GA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||||||
| 20251343 | 33208843 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Missing [Redacted] month rental history for departing primary. | Reviewer Comment (2025-05-01): Received and associated Rent-free Letter. Exception cleared. Seller Comment (2025-04-29): Attached the rent free letter. Please Clear. Reviewer Comment (2025-04-18): As per credit report mortgage with [Redacted] is reflecting in the name of borrower only. We do not have any document to verify the housing history for co-borrower. Provide documentation to verify the housing history for co-borrower. Exception remains. Seller Comment (2025-04-16): The credit report on page [Redacted] of [Redacted] was pulled for both borrowers, which is a married couple, and we have [Redacted] months reporting for the primary mortgage with [Redacted]e. Please Cancel. Reviewer Comment (2025-04-15): Credit report showing [Redacted] months is [Redacted], Please provided [Redacted] Months rental history for [Redacted]. Exception remains. Seller Comment (2025-04-11): On page [Redacted] of [Redacted] under Credit it states "Primary mortgage with United Wholesale: [Redacted] months reporting" the credit report is on page [Redacted] of [Redacted]. Please Cancel. |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251346 | 33484049 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | An [Redacted] lender exception provided to use alimony received at the new amount for less than [Redacted] months, missing lender exception from [Redacted]. | Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted] residual income. More than $[Redacted] residual income monthly verified LYV/CLTV is [Redacted]% below guideline max. LYV/CLTV is [Redacted]% below guideline max. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-25): Lender exceptions in file. Buyer Comment (2025-04-24): See exception provided |
04/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251346 | 33484050 | Compliance | Compliance | State Compliance | State Defect | Illinois SB 1894 | IL Predatory Lending Database Program (SB [Redacted]) - Certificate of Compliance or Exemption not attached to mortgage for recording. | The file was missing copy of Certificate of Compliance or Exemption | Reviewer Comment (2025-04-25): Documentation provided; exception cleared. Buyer Comment (2025-04-23): See docs provided |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251348 | 33444817 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to vest in [Redacted] in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves LTV is [Redacted]% below guideline max. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-12): Lender exception in file. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251349 | 33425226 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-04-21): Received Updated secondary valuation CDA with value $[Redacted]. Exception Cleared. Buyer Comment (2025-04-18): CDA supporting value. |
04/21/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Primary | Refinance - Rate/Term | D | A | A | A | C | A | D | A | Non QM | Non QM | No | ||||||||||||||
| 20251349 | 33425229 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. No valid changed circumstance was provided. No cure was provided to the Borrower. | Reviewer Comment (2025-04-25): [Redacted]received LOX for rebuttal response with COC dated[Redacted] and further review the fee was disclosed within that timeline from the date of appraisal and UCDP report received. Buyer Comment (2025-04-23): LOE Reviewer Comment (2025-04-21): [Redacted]received Changed Circumstance dated[Redacted], but it does not give sufficient information on why the CDA fee was added. In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-04-18): COC and corresponding CD |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | A | A | A | C | A | D | A | Non QM | Non QM | Yes | |||||||||||
| 20251350 | 33029497 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved to waive hazard and insurance impounds. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-17): Lender exception in file. |
03/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251351 | 33484311 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Reviewer Comment (2025-05-08): Received and associated Note Addendum - Prepayment. Exception Cleared. Buyer Comment (2025-05-06): See doc provided |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | Yes | |||||||||||||||||
| 20251352 | 33125340 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Right of Rescission Timing - Receipt Date Missing | Missing RTC Signature Date. Unable to determine compliance with rescission timing requirements. | Reviewer Comment (2025-04-07): Documentation provided; exception cleared. Seller Comment (2025-04-03): [Redacted]- Uploaded Executed Notice of Right to Cancel to [Redacted] - provided by closer. Please review and clear exception. |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251352 | 33125341 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Notice of Right To Cancel Not Provided to All Required Parties | Truth in Lending Act: Notice of Right to Cancel was not signed by all parties whose ownership interest is or will be subject to the security interest. | Reviewer Comment (2025-04-07): Documentation provided; exception cleared. Seller Comment (2025-04-03): [Redacted] - Uploaded Executed Notice of Right to Cancel to [Redacted]- provided by closer. Please review and clear exception. |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251352 | 33125479 | Compliance | Missing Document | General | Missing Document | Incomplete Document: Right to Cancel (RTC) is incomplete | RTC is not signed. | Reviewer Comment (2025-04-07): Documentation provided; exception cleared. Seller Comment (2025-04-03): [Redacted] - Uploaded Executed Notice of Right to Cancel to [Redacted]- provided by closer. Please review and clear exception. |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251353 | 33064553 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower owns [Redacted]% of correspondent lender and a relative owns the other [Redacted]%, conflict of interest, lender exception in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Miscellaneous |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator |
Reviewer Comment (2025-03-19): Lender exception in file. |
03/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251354 | 33483946 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing CPA Letter or business formation documents verifying ownership percentage. | Reviewer Comment (2025-04-21): Documentation provided; exception cleared. Buyer Comment (2025-04-17): Articles of Organization for Concierge Health and Century Health Listing the borrower as the only Principal/owner. |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251354 | 33483947 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing business narratives for all businesses being used to qualify. | Reviewer Comment (2025-04-17): Received and associated business narrative document. Exception Cleared. Buyer Comment (2025-04-15): Business Narratives |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251354 | 33483948 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Missing evidence of access to business funds for closing and reserves. | Reviewer Comment (2025-04-17): Received and associated updated Personal bank statements from [Redacted] reflecting borrower's name. Sufficient assets to cover Cash From Borrower and reserve requirement is verified. Exception Cleared. Buyer Comment (2025-04-15): Personal bank statement for closing/reserves. Balance $ [Redacted]. |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251354 | 33483949 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Missing evidence of access to business funds for closing and reserves. | Reviewer Comment (2025-04-17): Received and associated updated Personal bank statements from [Redacted] reflecting borrower's name. Sufficient assets to cover Cash From Borrower and reserve requirement is verified. Exception Cleared. Buyer Comment (2025-04-15): Personal bank statement for closing/reserves uploaded to [Redacted]. |
04/17/2025 | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251354 | 33483950 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Missing evidence of access to business funds for closing and reserves. | Reviewer Comment (2025-04-17): Received and associated updated Personal bank statements from [Redacted]reflecting borrower's name. Sufficient assets to cover Cash From Borrower and reserve requirement is verified. Exception Cleared. Buyer Comment (2025-04-15): Personal bank statement for closing/reserves uploaded to [Redacted]. |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251354 | 33483951 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Missing evidence of access to business funds for closing and reserves. | Reviewer Comment (2025-04-17): Received and associated updated Personal bank statements from [Redacted]reflecting borrower's name. Sufficient assets to cover Cash From Borrower and reserve requirement is verified. Exception Cleared. Buyer Comment (2025-04-15): Personal bank statement for closing/reserves uploaded to [Redacted]. |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251354 | 33483952 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing business narrative and borrower's percentage of business ownership for both businesses. | Reviewer Comment (2025-04-17): Received and associated business narrative document. Exception Cleared. Buyer Comment (2025-04-15): Business narratives uploaded to [Redacted]. |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251357 | 33483901 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy amount is blank. A Final policy was not provided. | Reviewer Comment (2025-04-02): Received and associated Title Preliminary with title policy amount [Redacted]. Exception cleared. Buyer Comment (2025-04-02): See docs provided Reviewer Comment (2025-04-01): Received preliminary title report did not disclose the amount of title insurance coverage. Please Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. Exception remains. Buyer Comment (2025-03-28): see docs provided |
04/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | B | A | B | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251361 | 33276914 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability to Repay - Bank Statement Guidelines Require 12 or more Months | Ability to Repay (Dodd-Frank 2014): Guidelines require [Redacted] or more consecutive months bank statements. | Reviewer Comment (2025-04-25): Information provided; exception cleared. |
04/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 20251361 | 33276915 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [Redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Loan is failing QM Points & Fees. | Reviewer Comment (2025-04-25): Information provided; exception cleared. Seller Comment (2025-04-23): [Redacted]- Entered comments in [Redacted] & [Redacted]. This exception should clear with[Redacted] - passes QM Points & Fees with submission of undiscounted rate calculation. |
04/25/2025 | 1 | B | A | C | A | B | A | C | A | B | A | GA | Primary | Purchase | Lender to provide updated ATR/QM status | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||
| 20251361 | 33276916 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees 2021 | Qualified Mortgage (Dodd Frank [Redacted]): Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted]on a Federal Total Loan Amount of $[Redacted]vs. an allowable total of $[Redacted](an overage of $[Redacted]or .[Redacted]%). | Loan is failing QM points and fees. | Reviewer Comment (2025-04-25): Information provided; exception cleared. Seller Comment (2025-04-23): [Redacted] - Entered comments in [Redacted]l & [Redacted]. Passes QM Points and fees - does not exceed [Redacted] threshold - eligible to exclude up to [Redacted] bona fide discount points - [Redacted] discount points eligible to be excluded. Undiscounted Rate - closest to par over [Redacted] Please review and clear exception. |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20251361 | 33276918 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Field Review Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-15): Sufficient Cure Provided At Closing |
04/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||
| 20251364 | 33425294 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-04-09): Received secondary valuation CDA with value $[Redacted]. Exception Cleared. Buyer Comment (2025-04-08): CDA supporting value. |
04/09/2025 | 1 | D | A | D | A | D | A | D | A | D | A | UT | Investment | Purchase | D | A | A | A | D | A | N/A | No | |||||||||||||||||
| 20251365 | 33425304 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing LOE or other documentation to verify borrower has history of owning and managing REO for at least [Redacted] months. | Reviewer Comment (2025-04-11): Documentation provided; exception cleared. Buyer Comment (2025-04-09): see lox provided |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251366 | 33484065 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The calculated dti exceeds max allowable dti of [Redacted]%. | Reviewer Comment (2025-05-07): Updated income calculations provided as well as an LOE, exception cleared. Buyer Comment (2025-05-05): Please see updated income calcs provided. |
05/07/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251366 | 33484066 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-18): Sufficient Cure Provided At Closing |
04/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251366 | 33484067 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | The calculated dti exceeds max allowable dti of [Redacted]%. | Reviewer Comment (2025-05-07): Updated income calculations provided as well as an LOE, exception cleared. Buyer Comment (2025-05-05): Please see updated income calcs provided. |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251366 | 33484069 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The calculated dti exceeds max allowable dti of [Redacted]%. | Reviewer Comment (2025-05-07): Updated income calculations provided as well as an LOE, exception cleared. Buyer Comment (2025-05-05): Please see updated income calcs provided. |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251366 | 33484070 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [Redacted]% moderately exceeds the guideline maximum of [Redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | The calculated dti exceeds max allowable dti of [Redacted]%. | Reviewer Comment (2025-05-07): Updated income calculations provided as well as an LOE, exception cleared. Buyer Comment (2025-05-05): Please see updated income calcs provided. Reviewer Comment (2025-04-30): The updated Qualifying P&L on the updated 1008 has it at [Redacted], but the fully amortized payment at the greater of the fully indexed or the note rate, to repay the loan over the remaining term after the I/O period, would be $ [Redacted]. The DTI of [Redacted] is valid. Buyer Comment (2025-04-28): See docs provided |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251368 | 33425322 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Copy of Business Purpose Certificate is not available in file. | Reviewer Comment (2025-04-24): Received and associated Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-04-22): Business purpose |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20251368 | 33425324 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Vesting in layered entity, lender exception in file. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
[Redacted] months reserves | SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-16): Lender exception in file. |
04/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251369 | 33425213 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing 4506-C for [Redacted]. Also missing signed and dated personal tax returns (1040) for [Redacted] for [Redacted]. | Reviewer Comment (2025-04-21): Documentation provided; exception cleared. Reviewer Comment (2025-04-18): Please provide 4506-C([Redacted]),4506-C ([Redacted]) and Tax Returns 1040 ([Redacted]) for [Redacted]. Exception remains Buyer Comment (2025-04-16): See docs provided |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251370 | 33216188 | Compliance | Compliance | State Compliance | State HPML | Massachusetts HPML Threshold Test Compliant | Massachusetts Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]% Compliant Higher Priced Loan. | APR on subject loan of [Redacted] % or Final Disclosure APR of [Redacted] % is equal to or greater than the threshold of [Redacted] [Redacted] + [Redacted] , or [Redacted] . | Reviewer Comment (2025-05-08): The client accepts as is Seller Comment (2025-05-06): Please accept as is |
2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Purchase | No obvious cure | C | B | C | B | B | B | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||||
| 20251370 | 33219246 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has been self-employed less than [Redacted] years. A lender exception is in file contingent on a max of [Redacted] DTI and minimum of [Redacted] months reserves., only [Redacted] months reserves verified. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
$[Redacted]residual income. DTI is [Redacted]% below guideline max. |
SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-06): Lender exception in file. Reviewer Comment (2025-04-17): This bank statement and amount is already included in assets, exception remains. Seller Comment (2025-04-16): On page [Redacted] of [Redacted] is the bank statement through [Redacted] with a balance of [Redacted] Please Cancel. |
05/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MA | Primary | Purchase | C | B | C | B | B | B | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||
| 20251370 | 33219260 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Minimum FiCO of [Redacted]was required due to Borrower self-employed less than [Redacted]years. A lender exception is in file contingent on a max of [Redacted]% DTI and minimum of [Redacted]months reserves., only [Redacted]months reserves verified. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
$[Redacted]residual income. DTI is [Redacted]% below guideline max. |
SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-06): Lender exception in file. Reviewer Comment (2025-04-17): Insufficient reserves required per lender exception, exception remains. Seller Comment (2025-04-16): The approved exception can be found on page [Redacted] of [Redacted]. |
05/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MA | Primary | Purchase | C | B | C | B | B | B | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | |||||||||
| 20251371 | 33483937 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted]is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | Disclosed amount Financed was $[Redacted]. Calculated amount Financed is $[Redacted]. Variance of $[Redacted]. | Reviewer Comment (2025-04-21): [Redacted] received PCCD, LOE, Copy of Refund Check and Proof of Mailing. Buyer Comment (2025-04-18): See docs provided Reviewer Comment (2025-04-09): [Redacted]received Corrected CD, LOE to borrower and copy of cure refund for total underdisclosure. Missing proof of mailing of the cure refund check and package. please provide tracking of mailing. Buyer Comment (2025-04-08): See docs provided |
04/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251371 | 33483938 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | Disclosed amount Finance Charge was $[Redacted]. Calculated Finance Charge is $[Redacted]Variance of =$[Redacted]. | Reviewer Comment (2025-04-21): [Redacted] received PCCD, LOE, Copy of Refund Check and Proof of Mailing. Buyer Comment (2025-04-18): See docs provided Reviewer Comment (2025-04-09): [Redacted]received Corrected CD, LOE to borrower and copy of cure refund for total underdisclosure. Missing proof of mailing of the cure refund check and package. please provide tracking of mailing. Buyer Comment (2025-04-08): See docs provided |
04/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251372 | 33228228 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [Redacted]): Originator Loan Designation of Higher Priced QM (APOR) does not match Due Diligence Loan Designation of Safe Harbor QM (APOR). | Originator Loan Designation of Higher Priced QM ( [Redacted] ) does not match Due Diligence Loan Designation of Safe Harbor QM ( [Redacted] ). | Reviewer Comment (2025-04-24): HPQM (APOR) Seller Comment (2025-04-22): [Redacted] - Entered comments in [Redacted]l & [Redacted]. [Redacted] is showing Higer-priced [Redacted] [Redacted] LAS report is showing the incorrect APOR [Redacted] - the FFIEC Published APOR for that percentage was on[Redacted]. The correct APOR is [Redacted]- published [Redacted] per Extended Lock date [Redacted] Rate Lock Confirmation dated [Redacted] is located in [Redacted]- Rate Lock - Document[Redacted] - Page [Redacted]. DocMagic Compliance Test is showing Rebuttable Presumption & Failing Federal High Cost/HPML. Please review using the correct APOR [Redacted] Please advise if this cancels or clears exception. |
04/24/2025 | 1 | B | A | C | A | B | A | C | A | B | A | IL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | A | A | C | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | Yes | |||||||||||
| 20251373 | 33178092 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Issue and Received Date > Closing Disclosure Issue and Received Date | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.) | Revised Loan Estimate provided on or after the date the Initial Closing Disclosure was provided. | Reviewer Comment (2025-04-10): CDs not provided to consumer excluded from testing Seller Comment (2025-04-09): [Redacted] - Uploaded Lender Attestation Letter stating closer confirmed Document[Redacted] & [Redacted] are Preliminary CD's provided by the title company for balancing purposes. These are not borrower facing documents and were used by the lender only to ensure accurate disclosure of final or revised loan fees; copies were not sent to the borrower for disclosure. Please review and clear exception. |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | No Defined Cure | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 20251373 | 33178093 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Issue and Received Date > Closing Disclosure Issue and Received Date | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.) | Revised Loan Estimate provided on or after the date the Initial Closing Disclosure was provided. | Reviewer Comment (2025-04-10): CDs not provided to consumer excluded from testing Seller Comment (2025-04-09): [Redacted] - Uploaded Lender Attestation Letter stating closer confirmed Document # [Redacted] & [Redacted] are Preliminary CD's provided by the title company for balancing purposes. These are not borrower facing documents and were used by the lender only to ensure accurate disclosure of final or revised loan fees; copies were not sent to the borrower for disclosure. Please review and clear exception. |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | No Defined Cure | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 20251373 | 33178094 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Issue and Received Date > Closing Disclosure Issue and Received Date | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.) | Revised Loan Estimate provided on or after the date the Initial Closing Disclosure was provided. | Reviewer Comment (2025-04-10): CDs not provided to consumer excluded from testing Seller Comment (2025-04-09): [Redacted] - Uploaded Lender Attestation Letter stating closer confirmed Document [Redacted] & [Redacted]are Preliminary CD's provided by the title company for balancing purposes. These are not borrower facing documents and were used by the lender only to ensure accurate disclosure of final or revised loan fees; copies were not sent to the borrower for disclosure. Please review and clear exception. |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | No Defined Cure | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 20251373 | 33178095 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Issue Date > Closing Disclosure Issue Date | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. | Revised Loan Estimate provided on or after the date the Initial Closing Disclosure was provided. | Reviewer Comment (2025-04-10): CDs not provided to consumer excluded from testing Seller Comment (2025-04-09): [Redacted] - Uploaded Lender Attestation Letter stating closer confirmed Document [Redacted] & [Redacted] are Preliminary CD's provided by the title company for balancing purposes. These are not borrower facing documents and were used by the lender only to ensure accurate disclosure of final or revised loan fees; copies were not sent to the borrower for disclosure. Please review and clear exception. |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | No Defined cure | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 20251373 | 33178124 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception for[Redacted] is approved contingent on [Redacted] months of reserves. Self employment business must be [Redacted] years old as of the note date. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted] residual income. [Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-04): Lender exception in file. |
04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 20251374 | 33031162 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [Redacted]): Originator Loan Designation of Higher Priced QM (APOR) does not match Due Diligence Loan Designation of Safe Harbor QM (APOR). | Originator Loan Designation of Higher Priced [Redacted] ([Redacted]) does not match Due Diligence Loan Designation of Safe Harbor [Redacted] ([Redacted]). | Reviewer Comment (2025-03-20): The loan designation was restated to [Redacted]. Seller Comment (2025-03-19): please restate as safe harbor Reviewer Comment (2025-03-19): Loan is not testing as[Redacted], do you want to restate to Safe Harbor [Redacted])? Seller Comment (2025-03-18): Waterfall to Exception[Redacted] |
03/20/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NC | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | A | A | C | B | A | A | Higher Priced QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||
| 20251374 | 33089921 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Restated Loan Designation Match - QM / ATR | Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): The initial Loan Designation provided did not match, however, the updated Loan Designation of Safe Harbor QM (APOR) matches the Due Diligence Loan Designation of Safe Harbor QM (APOR). | The loan designation was restated to [Redacted] | Reviewer Comment (2025-03-22): The client accepts Seller Comment (2025-03-21): Designation on file has already been revised to [Redacted]. [Redacted] - [Redacted] has already cleared - waterfall exception. |
2 | A | B | B | B | A | NC | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Higher Priced QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||||
| 20251384 | 33407493 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for self employment being less than two years with a [Redacted]FICO. | Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
$[Redacted] residual income. [Redacted] months reserves. DTI is [Redacted]% below guideline max. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-06): Lender exception in file. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251386 | 32994654 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is approved for borrower provided transcripts. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves The LTV/CLTV is [Redacted] below guideline max. The LTV/CLTV is [Redacted] below guideline max. Fico is [Redacted] points above guideline minimum. |
SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-10): Lender exception in file |
03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251386 | 32994662 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is approved for escrow waiver contingent on [Redacted] months of reserves. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves The LTV/CLTV is [Redacted] below guideline max. The LTV/CLTV is [Redacted] below guideline max. Fico is [Redacted] points above guideline minimum. |
SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-10): Lender exception in file |
03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251386 | 33007296 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing [Redacted] month rental history for both borrowers. | Reviewer Comment (2025-03-19): Documentation provided; exception cleared. Seller Comment (2025-03-18): Attached E-Mail from landlord customer service that states the 1 late was made on [Redacted] which was not within the last 12 months. Reviewer Comment (2025-03-13): The VOR states [Redacted] late payment but does not detail if this occurred in the last [Redacted]months, exception remains. Seller Comment (2025-03-13): On page [Redacted] of [Redacted] is a Letter to confirm the rental history of the borrower. There is only [Redacted] borrower on the loan. Please Cancel. |
03/19/2025 | 1 | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||||||||
| 20251387 | 33323761 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is approved to treat as delayed financing. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. | Fico is [Redacted] points above guideline minimum. | Originator,SitusAMC | Reviewer Comment (2025-04-24): Lender exception in file. |
04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251388 | 33448761 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved to allow security deposit as last month's rent verification. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted]points. |
$[Redacted] residual income. [Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-14): Lender exception in file. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251391 | 33484012 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-11): Sufficient Cure Provided At Closing |
04/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Second Home | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251391 | 33484015 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for wind insurance coverage. Approval in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted] residual income. More than [Redacted] months reserves verified Fico is [Redacted] points above guideline minimum. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-14): Lender exceptions in file. |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251392 | 33203006 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for IL Registration Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | IL Registration Fee was not disclosed on LE but disclosed as [Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee nor evidence of cure in file. | Reviewer Comment (2025-04-15): [Redacted] received corrected PCCD and LOE with corrected fee name. Seller Comment (2025-04-14): [Redacted]- Uploaded Proof of Mailing - [Redacted]Standard delivery to borrower. Please review and clear exception. Seller Comment (2025-04-11): [Redacted] - There is not a tolerance violation on this transaction or refund due to the borrower. [Redacted] Policy Fee is a title fee and part of the title/settlement services & not subject to [Redacted] tolerance. "Title" is required to be added to the fee name. Uploaded LOX & PCCD - copy of [Redacted]Proof of Mailing to the borrower will be uploaded once received. Please review and clear exception. |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251393 | 33218599 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for cash out seasoning. Approval in file contingent on max [Redacted] LTV and [Redacted] months reserves prior to closing. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | [Redacted] months reserves. | Originator,SitusAMC | Reviewer Comment (2025-04-10): Lender exception in file. |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251397 | 33484034 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (Notice to Assignee) | Truth in Lending Act (HOEPA): Required Statement was not provided to purchaser or assignee for loan that was sold or assigned. (Note: This notice only applies when selling or assigning a HOEPA loan and may not be found in the file for loans that have not been previously sold) | Waterfall due to Points and Fees on subject loan is in excess of the allowable maximum. | Reviewer Comment (2025-05-14): Cure documentation received. Loan is no longer a HOEPA loan. Buyer Comment (2025-05-12): See Uploaded Borrower Choice Letter Reviewer Comment (2025-05-07): [Redacted] A [Redacted] Loan may be cured within [Redacted]days of consummation or [Redacted]days of discovery. To cure, the following conditions must be met: Borrower Choice Letter In order for the cure to be effective, it must be at the choice of the consumer and cannot just be satisfied by lender issuing a refund check or applying a principal reduction for the overage. The two choices for the consumer are to either (1) accept a refund/principal reduction which will remove the loan from high-cost status; or (2) keep the loan as high-cost (with no refund) and have the lender cure each of the prohibited practice violations so that in the end, the loan will be a compliant HOEPA loan. While most consumers will opt to choose the refund route for curing, that decision cannot be made unilaterally by lender - the consumer must be given the choice under the regulation. This is typically accomplished through a "Borrower Choice Letter" (a sample is not made available by the rule so each lender would make their own) which provides for two checkboxes and asking the consumer to choose which option they wish to proceed with. While the lender cannot choose or steer the consumer into one option or the other, there is nothing that prevents the lender from explaining the benefits of either option. Proof of remediation based on Choice Assuming borrower opts for the refund, a copy of the refund check (or proof of principal reduction). Assuming borrower opts to keep loan as high-cost and cure prohibited practice violations (rare), proof that each violation was cured. Proof of Mailing Proof mailing (e.g., [Redacted]tracking label) - must be in transit in order to cure Buyer Comment (2025-05-02): PCCD, LOX, Refund Check and Proof of Mailing Reviewer Comment (2025-04-29): The updated Mavent does not include the $ [Redacted]Loan Extension Fee, which his the reason for the HOEPA fail. Buyer Comment (2025-04-25): See uploaded Mavent Report |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20251397 | 33484035 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | Waterfall due to Points and Fees on subject loan is in excess of the allowable maximum. | Reviewer Comment (2025-05-14): Cure documentation received. Loan is no longer a HOEPA loan. Buyer Comment (2025-05-12): See uploaded borrower choice letter attached to condition [Redacted] Reviewer Comment (2025-05-07): [Redacted] A [Redacted] may be cured within [Redacted]days of consummation or [Redacted]days of discovery. To cure, the following conditions must be met: Borrower Choice Letter In order for the cure to be effective, it must be at the choice of the consumer and cannot just be satisfied by lender issuing a refund check or applying a principal reduction for the overage. The two choices for the consumer are to either (1) accept a refund/principal reduction which will remove the loan from high-cost status; or (2) keep the loan as high-cost (with no refund) and have the lender cure each of the prohibited practice violations so that in the end, the loan will be a compliant HOEPA loan. While most consumers will opt to choose the refund route for curing, that decision cannot be made unilaterally by lender - the consumer must be given the choice under the regulation. This is typically accomplished through a "Borrower Choice Letter" (a sample is not made available by the rule so each lender would make their own) which provides for two checkboxes and asking the consumer to choose which option they wish to proceed with. While the lender cannot choose or steer the consumer into one option or the other, there is nothing that prevents the lender from explaining the benefits of either option. Proof of remediation based on Choice Assuming borrower opts for the refund, a copy of the refund check (or proof of principal reduction). Assuming borrower opts to keep loan as high-cost and cure prohibited practice violations (rare), proof that each violation was cured. Proof of Mailing Proof mailing (e.g., [Redacted]tracking label) - must be in transit in order to cure Buyer Comment (2025-05-02): See docs uploaded to condition # [Redacted] Reviewer Comment (2025-04-29): The updated Mavent does not include the $ [Redacted]Loan Extension Fee, which his the reason for the HOEPA fail. Buyer Comment (2025-04-28): Mavent Report |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20251397 | 33484036 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees) | Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees. | Waterfall due to Points and Fees on subject loan is in excess of the allowable maximum. | Reviewer Comment (2025-05-14): Cure documentation received. Loan is no longer a HOEPA loan. Buyer Comment (2025-05-12): See uploaded borrower choice letter attached to condition [Redacted] Reviewer Comment (2025-05-07): [Redacted] A [Redacted] may be cured within [Redacted]days of consummation or [Redacted]days of discovery. To cure, the following conditions must be met: Borrower Choice Letter In order for the cure to be effective, it must be at the choice of the consumer and cannot just be satisfied by lender issuing a refund check or applying a principal reduction for the overage. The two choices for the consumer are to either (1) accept a refund/principal reduction which will remove the loan from high-cost status; or (2) keep the loan as high-cost (with no refund) and have the lender cure each of the prohibited practice violations so that in the end, the loan will be a compliant HOEPA loan. While most consumers will opt to choose the refund route for curing, that decision cannot be made unilaterally by lender - the consumer must be given the choice under the regulation. This is typically accomplished through a "Borrower Choice Letter" (a sample is not made available by the rule so each lender would make their own) which provides for two checkboxes and asking the consumer to choose which option they wish to proceed with. While the lender cannot choose or steer the consumer into one option or the other, there is nothing that prevents the lender from explaining the benefits of either option. Proof of remediation based on Choice Assuming borrower opts for the refund, a copy of the refund check (or proof of principal reduction). Assuming borrower opts to keep loan as high-cost and cure prohibited practice violations (rare), proof that each violation was cured. Proof of Mailing Proof mailing (e.g., [Redacted]tracking label) - must be in transit in order to cure Buyer Comment (2025-05-02): See docs uploaded to condition [Redacted] Reviewer Comment (2025-04-29): The updated Mavent does not include the [Redacted] Loan Extension Fee, which his the reason for the HOEPA fail. Buyer Comment (2025-04-28): Mavent Report |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20251397 | 33484037 | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees of $[Redacted]on a Federal Total Loan Amount of $[Redacted]vs. an allowable total of $[Redacted](an overage of $[Redacted]or .18085%). Non-Compliant High Cost Loan. | Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees of $[Redacted]on a Federal Total Loan Amount of $[Redacted] vs. an allowable total of $[Redacted]. | Reviewer Comment (2025-05-14): Cure documentation received. Buyer Comment (2025-05-12): See uploaded borrower choice letter attached to condition [Redacted] Reviewer Comment (2025-05-07): DF HOEPA Cures A DF HOEPA Loan may be cured within [Redacted] of consummation or [Redacted]of discovery. To cure, the following conditions must be met: Borrower Choice Letter In order for the cure to be effective, it must be at the choice of the consumer and cannot just be satisfied by lender issuing a refund check or applying a principal reduction for the overage. The two choices for the consumer are to either (1) accept a refund/principal reduction which will remove the loan from high-cost status; or (2) keep the loan as high-cost (with no refund) and have the lender cure each of the prohibited practice violations so that in the end, the loan will be a compliant HOEPA loan. While most consumers will opt to choose the refund route for curing, that decision cannot be made unilaterally by lender - the consumer must be given the choice under the regulation. This is typically accomplished through a "Borrower Choice Letter" (a sample is not made available by the rule so each lender would make their own) which provides for two checkboxes and asking the consumer to choose which option they wish to proceed with. While the lender cannot choose or steer the consumer into one option or the other, there is nothing that prevents the lender from explaining the benefits of either option. Proof of remediation based on Choice Assuming borrower opts for the refund, a copy of the refund check (or proof of principal reduction). Assuming borrower opts to keep loan as high-cost and cure prohibited practice violations (rare), proof that each violation was cured. Proof of Mailing Proof mailing (e.g., [Redacted]tracking label) - must be in transit in order to cure Buyer Comment (2025-05-02): See docs uploaded to condition [Redacted] Reviewer Comment (2025-04-29): The updated Mavent does not include th [Redacted] Loan Extension Fee, which his the reason for the HOEPA fail. Buyer Comment (2025-04-28): Mavent Report |
05/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | PA | Primary | Refinance - Cash-out - Other | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251397 | 33484038 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | Waterfall due to Points and Fees on subject loan is in excess of the allowable maximum. | Reviewer Comment (2025-05-14): Cure documentation received. Loan is no longer a HOEPA loan. Buyer Comment (2025-05-12): See uploaded borrower choice letter attached to condition [Redacted] Reviewer Comment (2025-05-07): DF HOEPA Cures A DF HOEPA Loan may be cured within 30 days of consummation or 60 days of discovery. To cure, the following conditions must be met: Borrower Choice Letter In order for the cure to be effective, it must be at the choice of the consumer and cannot just be satisfied by lender issuing a refund check or applying a principal reduction for the overage. The two choices for the consumer are to either (1) accept a refund/principal reduction which will remove the loan from high-cost status; or (2) keep the loan as high-cost (with no refund) and have the lender cure each of the prohibited practice violations so that in the end, the loan will be a compliant HOEPA loan. While most consumers will opt to choose the refund route for curing, that decision cannot be made unilaterally by lender - the consumer must be given the choice under the regulation. This is typically accomplished through a "Borrower Choice Letter" (a sample is not made available by the rule so each lender would make their own) which provides for two checkboxes and asking the consumer to choose which option they wish to proceed with. While the lender cannot choose or steer the consumer into one option or the other, there is nothing that prevents the lender from explaining the benefits of either option. Proof of remediation based on Choice Assuming borrower opts for the refund, a copy of the refund check (or proof of principal reduction). Assuming borrower opts to keep loan as high-cost and cure prohibited practice violations (rare), proof that each violation was cured. Proof of Mailing Proof mailing (e.g., [Redacted]tracking label) - must be in transit in order to cure Buyer Comment (2025-05-02): See docs uploaded to condition [Redacted] Reviewer Comment (2025-04-29): The updated Mavent does not include the $[Redacted]Loan Extension Fee, which his the reason for the HOEPA fail. Buyer Comment (2025-04-28): Mavent Report |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20251397 | 33484040 | Credit | Credit | Credit Calculation / Analysis | Credit | Guideline Issue: Insufficient tradelines per credit guidelines | Lender exception for minimum tradelines. Approval in file. | Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
$[Redacted] residual income. [Redacted] months reserves. DTI is [Redacted] % below guideline max. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-21): Lender exception in file. |
04/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 20251398 | 33200774 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to use greater than [Redacted] of business funds for reserves. Approval in file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
$[Redacted]residual income. [Redacted] months reserves. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): Lender exception in file. |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | B | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 20251398 | 33200780 | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Fixed Compliant | New York Subprime Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]+ [Redacted]%, or [Redacted]%. Compliant SubPrime Loan. | APR on subject loan of [Redacted] or Final Disclosure [Redacted] of [Redacted] is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted] + [Redacted] , or [Redacted] . | Reviewer Comment (2025-05-06): Lender ignores odd dayes. Seller Comment (2025-05-05): Please note, this has been reviewed and confirmed that Arc uses the optional method of ignoring the odd period in the APR calculation. Seller Comment (2025-04-11): Disagree. Final CD reflects APR of [Redacted] which is under the [Redacted] Subprime threshold of[Redacted]. It appears [Redacted] included an interest cred [Redacted] in the APR calc, which was based on initial closing docs for original closing date of [Redacted]. Loan closing date was subsequently rescheduled for [Redacted]. Revised loan documents were issued on [Redacted] with interest credit of [Redacted], and loan closed and funded same day,[Redacted]. |
05/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Purchase | (Limited Use Bona Fide Errors - Compliance and Client Approval Required) With no time limit for which a cure may be made, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the subprime home loan threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. | C | B | C | B | B | A | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251398 | 33200781 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-07): Sufficient Cure Provided At Closing |
04/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Purchase | Final CD evidences Cure | C | B | C | B | B | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 20251398 | 33200789 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Maximum Loan Amount discrepancy. | Note loan amount of ___ is greater than Guideline maximum loan amount of ___. | Note loan amount of $ [Redacted] is greater than Guideline maximum loan amount of $ [Redacted] or a Loan with [Redacted] LTV | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
$[Redacted]residual income. [Redacted] months reserves. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-04-11): Lender exception in file. Seller Comment (2025-04-11): Approved Exception can be found on page [Redacted] of [Redacted] in regards to this finding. |
04/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | C | B | C | B | B | A | A | A | Non QM | Non QM | No | |||||||||
| 20251400 | 33425261 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing CPA letter verifying expense ratio of [Redacted]%. | Reviewer Comment (2025-04-30): An updated 1003 and 1008 were provided using the fixed expense factor of [Redacted]%. Buyer Comment (2025-04-29): Updated 1003 and 1008 to reflect Expense Factor of [Redacted]% following Business Narrative in file for Option [Redacted] bank statement income calculation. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251403 | 33425270 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title policy amount is blank.A final policy was not provided. | Reviewer Comment (2025-04-30): Received and associated Supplemental Title preliminary title policy amount $[Redacted]. Exception cleared. Buyer Comment (2025-04-28): See Uploaded Title Supplement Buyer Comment (2025-04-28): Title Supplement |
04/30/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | A | B | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251403 | 33425274 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on[Redacted] not received by borrower at least four (4) business days prior to closing. | Revised Loan Estimate provided on [Redacted] not received by borrower at least four ( [Redacted]) business days prior to closing. | Reviewer Comment (2025-04-30): Upon further review, Revised LE timing met on earliest electronic receipt Buyer Comment (2025-04-29): See uploaded Disclosure delivery summary verifying LE provided to borrower [Redacted]days prior to closing. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | No Defined Cure | C | A | B | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 20251405 | 33218669 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to allow [Redacted] seller credit versus [Redacted] allowed. Approval provided. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted]months reserves Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-10): Lender exception in file. |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251408 | 33483912 | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | Reviewer Comment (2025-04-28): Updated cda provided. Buyer Comment (2025-04-24): See docs provided Reviewer Comment (2025-04-11): The appraisal effective date is [Redacted], exception remains. Buyer Comment (2025-04-09): Appraisal effective date and CDA effective date are both [Redacted] |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | A | A | A | A | C | A | Non QM | Non QM | No | ||||||||||||||
| 20251409 | 33484296 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for [Redacted] EAD on [Redacted] DSCR. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. | [Redacted] months reserves. | Originator,SitusAMC | Reviewer Comment (2025-04-04): Lender exception in file. |
04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251411 | 33345817 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [Redacted]): Originator Loan Designation of Higher Priced QM (APOR) does not match Due Diligence Loan Designation of Safe Harbor QM (APOR). | Originator Loan Designation of Higher Priced QM (APOR) does not match Due Diligence Loan Designation of Safe Harbor QM (APOR). | Reviewer Comment (2025-05-09): Client has restated loan to Safe Harbor QM (APOR). Seller Comment (2025-05-07): [Redacted] - Confirmed - please re-state loan designation to Safe Harbor. Reviewer Comment (2025-05-02): The data tape for this loan reflected the loan designation as High Priced QM (APOR), but the loan is not High Priced. The loan designation is Safe Harbor QM (APOR). Please advise if this needs to be restated as Safe Harbor QM. Seller Comment (2025-04-30): [Redacted]- Entered comments in [Redacted]l & [Redacted]. Exception is invalid - please cancel. Waterfall to [Redacted]. No timing violation. |
05/09/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | A | A | C | B | A | A | Higher Priced QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||
| 20251411 | 33435646 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Restated Loan Designation Match - QM / ATR | Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): The initial Loan Designation provided did not match, however, the updated Loan Designation of Safe Harbor QM (APOR) matches the Due Diligence Loan Designation of Safe Harbor QM (APOR). | Client has restated loan to Safe Harbor QM (APOR).Please accept as is. | Reviewer Comment (2025-05-19): Client accepts "as is". Seller Comment (2025-05-15): [Redacted]to [Redacted]- re-stated to [Redacted]. |
2 | A | B | B | B | A | NJ | Primary | Purchase | C | B | A | A | C | B | A | A | Higher Priced QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||||
| 20251413 | 33484017 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Income Docs Missing: Business Narrative document not provided | Reviewer Comment (2025-05-05): Received and associated Business narrative document for [Redacted]. Exception Cleared. Buyer Comment (2025-05-01): See docs provided Reviewer Comment (2025-04-22): Received Business narrative for" [Redacted]". Please provide business narrative document for " [Redacted]" for [Redacted]. Exception remains. Buyer Comment (2025-04-18): See docs provided |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | KS | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251416 | 33484291 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Vesting in entity with [Redacted] members and [Redacted] of the members being borrowers, lender exception in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. |
[Redacted] months reserves. LTV is [Redacted]% below guideline max. |
Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-18): Lender exception in file. |
03/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251416 | 33484292 | Credit | System | General | System | Security Instrument address does not match Note address. | Reviewer Comment (2025-04-25): Documentation provided; exception cleared. Buyer Comment (2025-04-25): Deed of Trust and Final 1008 Reviewer Comment (2025-04-25): Waiting for images. Buyer Comment (2025-04-25): See uploaded docs with corrected address city |
04/25/2025 | 1 | A | A | A | A | A | MD | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||||||||||
| 20251416 | 33484293 | Credit | System | General | System | AUS/Approval Subject Address does not match Note address. | Reviewer Comment (2025-04-25): Documentation provided; exception cleared. Buyer Comment (2025-04-25): Deed of Trust Reviewer Comment (2025-04-25): Waiting for images. Buyer Comment (2025-04-25): 1008/Approval with corrected address |
04/25/2025 | 1 | A | A | A | A | A | MD | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||||||||||
| 20251418 | 33497273 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-04-24): A CDA was provided. Buyer Comment (2025-04-22): See CDA provided |
04/24/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NH | Second Home | Purchase | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 20251418 | 33497275 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance coverage $[Redacted]. Extended coverage of $[Redacted]..Documentedt total coverage of $[Redacted]..Coverage amount is less than loan amount of $[Redacted]. A replacement cost estimate was not provided. | Reviewer Comment (2025-04-18): Received and associated Replacement Cost Estimator document. Exception Cleared. Buyer Comment (2025-04-16): see docs provided |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NH | Second Home | Purchase | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 20251418 | 33497276 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three ([Redacted]) business days prior to closing. | Closing Disclosure not provided to Borrower at least three business days prior to closing. | Reviewer Comment (2025-04-22): [Redacted] received CD dated [Redacted] Buyer Comment (2025-04-21): See docs provided |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NH | Second Home | Purchase | No Defined Cure | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 20251419 | 33483967 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Lender's Title Insurance. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Title - Lender's Title Insurance. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. No valid changed circumstance was provided. No cure was provided to the Borrower. | Reviewer Comment (2025-04-22): [Redacted]received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-04-21): see cure provided |
04/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| 20251419 | 33483968 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Operating Agreement states borrower ([Redacted]) has [Redacted]% ownership in business, lender using [Redacted]%. Please provide evidence of borrower's percentage of business ownership. | Reviewer Comment (2025-04-17): Documentation provided; exception cleared. Buyer Comment (2025-04-15): see docs provided |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 20251420 | 33425287 | Credit | Missing Document | General | Missing Document | Missing Document: Road Maintenance Agreement not provided | Reviewer Comment (2025-04-28): Road Maintenance Agreement was provided Buyer Comment (2025-04-24): See docs provided Reviewer Comment (2025-04-15): Street is maintained privately based on the 1004, hence we require the private road maintenance agreement. Exception remains Buyer Comment (2025-04-11): I do not see anywhere that points to a road maintenance agreement being needed - please explain. |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||||||
| 20251420 | 33425288 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Non arms length investment property. Am [Redacted] lender exception was provided however missing lender exception from [Redacted]. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
$[Redacted]residual income. More than [Redacted] months more than minimum requirement verified. DTI is [Redacted]% below guideline max. Fico is [Redacted] points above guideline minimum. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-04-17): Lender exceptions provided. Buyer Comment (2025-04-15): See docs provided |
04/17/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| 20251421 | 33425330 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization not provided in the file. | Reviewer Comment (2025-04-25): Received and associated Articles of Organization/Formation for[Redacted]. Exception cleared. Buyer Comment (2025-04-23): Articles of Organization |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251422 | 33363187 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Document Preparation Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for CEMA Document Preparation Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-08): [Redacted]received LOE to remove LE dated [Redacted] not provided to the borrower. Seller Comment (2025-05-06): [Redacted] - Entered comments in [Redacted]& [Redacted]. Uploaded Lender Attestation from [Redacted]- Disclosure Desk Manager - with evidence of Initial Disclosure Package issued [Redacted]to borrower - per DocMagic eSign Console & MerdianLink. There is no tolerance violation or refund due to the borrower. The loan estimate document in the file dated [Redacted] was not issued to the borrower but was provided to [Redacted] by the broker to provide confirmation of any broker-known fees for [Redacted] to disclose. Please review and clear exception. Seller Comment (2025-05-06): [Redacted] - Entered comments in [Redacted] & [Redacted]. Uploaded Lender Attestation from [Redacted] - Disclosure Desk Manager - with evidence of Initial Disclosure Package issued [Redacted] to borrower - per DocMagic eSign Console & MerdianLink. There is no tolerance violation or refund due to the borrower. The loan estimate document in the file dated [Redacted] was not issued to the borrower but was provided to [Redacted]by the broker to provide confirmation of any broker-known fees for [Redacted] to disclose. Please review and clear exception. Seller Comment (2025-05-06): [Redacted] - Entered comments in [Redacted] & [Redacted]. Uploaded Lender Attestation from [Redacted] - Disclosure Desk Manager - with evidence of Initial Disclosure Package issued [Redacted] to borrower - per DocMagic eSign Console & MerdianLink. There is no tolerance violation or refund due to the borrower. The loan estimate document in the file dated [Redacted] was not issued to the borrower but was provided to [Redacted]by the broker to provide confirmation of any broker-known fees for [Redacted]to disclose. Please review and clear exception. Seller Comment (2025-05-06): [Redacted] - Entered comments in [Redacted]& [Redacted]. Uploaded Lender Attestation from [Redacted]- Disclosure Desk Manager - with evidence of Initial Disclosure Package issued [Redacted] to borrower - per DocMagic eSign Console & MerdianLink. There is no tolerance violation or refund due to the borrower. The loan estimate document in the file dat [Redacted] was not issued to the borrower but was provided to [Redacted]by the broker to provide confirmation of any broker-known fees for [Redacted] to disclose. Please review and clear exception. |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||
| 20251422 | 33363188 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Lenders Attorney Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Lenders Attorney Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-08): [Redacted]received LOE to remove LE dated [Redacted]not provided to the borrower. Seller Comment (2025-05-06): [Redacted] - Entered comments in [Redacted] & [Redacted]. Uploaded Lender Attestation from [Redacted]- Disclosure Desk Manager - with evidence of Initial Disclosure Package issued [Redacted] to borrower - per DocMagic eSign Console & [Redacted]. There is no tolerance violation or refund due to the borrower. The loan estimate document in the file dated [Redacted] was not issued to the borrower but was provided to[Redacted] by the broker to provide confirmation of any broker-known fees for [Redacted] to disclose. Please review and clear exception. Seller Comment (2025-05-06): [Redacted] - Entered comments in [Redacted]. Uploaded Lender Attestation from [Redacted]- Disclosure Desk Manager - with evidence of Initial Disclosure P [Redacted] [Redacted] was not issued to the borrower but was provided to [Redacted] by the broker to provide confirmation of any broker-known fees for [Redacted] to disclose. Please review and clear exception. Seller Comment (2025-05-06): [Redacted] - Entered comments in [Redacted]. Uploaded Lender Attestation from [Redacted] - Disclosure Desk Manager - with evidence of Initial Disclosure Package issued [Redacted] to borrower - per DocMagic eSign Console & MerdianLink. There is no tolerance violation or refund due to the borrower. The loan estimate document in the file dated [Redacted] was not issued to the borrower but was provided to [Redacted] by the broker to provide confirmation of any broker-known fees for [Redacted] to disclose. Please review and clear exception. Seller Comment (2025-05-06): [Redacted]- Entered comments in [Redacted]& [Redacted]. Uploaded Lender Attestation from Jennifer Greenhall - Disclosure Desk Manager - with evidence of Initial Disclosure Package issued [Redacted] to borrower - per DocMagic eSign Console & MerdianLink. There is no tolerance violation or refund due to the borrower. The loan estimate document in the file dated [Redacted]was not issued to the borrower but was provided to [Redacted] by the broker to provide confirmation of any broker-known fees for [Redacted]to disclose. Please review and clear exception. |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||
| 20251424 | 33425285 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for condo project with existing timeshare units. Approval in file. | The representative FICO score exceeds the guideline minimum by at least [Redacted]points. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. |
[Redacted] FICO | SitusAMC,Aggregator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-24): The client elects to waive. |
03/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | HI | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | |||||||||||
| 20251426 | 33425224 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Missing complete [Redacted] month history of primary residence payment. Prior rental lease of VOR was not provided. | Reviewer Comment (2025-04-24): Lease with [Redacted] bank statements for proof of rental payment. Buyer Comment (2025-04-22): VOR with payment history. |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251429 | 33425334 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Copy of Business Purpose Certificate is not available in file. | Reviewer Comment (2025-04-30): Received and associated Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-04-28): Business purpose |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20251430 | 33483981 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing mortgage statement to verify PITI. | Reviewer Comment (2025-04-24): Documentation provided; exception cleared. Reviewer Comment (2025-04-22): Closing Disclosure is not available in file for the property [Redacted]", Please provide Closing Disclosure for the property " [Redacted]". Exception remains. Buyer Comment (2025-04-18): See lender's explanation: we didn't have the statement in file because the borrower would not have received their first mortgage at the time of the application. That's why we provided the CD instead since they purchased the property in January. Reviewer Comment (2025-04-16): Please provide Mortgage statement for [Redacted], [Redacted]. Exception remains Buyer Comment (2025-04-14): See docs provided |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WI | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 20251430 | 33483983 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Borrower signed and dated Final 1003 was not provided. | Reviewer Comment (2025-04-16): Received and associated Final 1003 document. Exception cleared. Buyer Comment (2025-04-14): See 1003 provided |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WI | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 20251431 | 32841269 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved to waive LTV reduction for cash out properties still listed for sale. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-17): Lender exception in file. |
02/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20251431 | 32859955 | Credit | Missing Document | General | Missing Document | Missing Document: Vacation Rental Website Listing not provided | Missing vacation rental listing. | Reviewer Comment (2025-02-21): Received and associated Vacation Rental Website Listing. Exception Cleared. Seller Comment (2025-02-19): Attached the Vacation Rental Website Listing |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20251432 | 33023808 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved to waive [Redacted] and [Redacted] impounds. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] months reserves. Fico is [Redacted] points above guideline minimum. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-13): Lender exception in file. |
03/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 20251433 | 33148401 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Missing letter of explanation stating that use of business funds will not negatively impact the business. Missing evidence of receipt of gift for[Redacted] by closing company. | Reviewer Comment (2025-04-18): Gift documentation provided, exception cleared. Reviewer Comment (2025-04-17): Please provide Evidence of receipt for Gift funds [Redacted] to Cover cash from borrower. Exception remains Seller Comment (2025-04-15): Attached new bank statements for [Redacted] account ending in [Redacted], Access letter from the Wife for the Funds for reserves and updated [Redacted] and [Redacted]. Seller Comment (2025-04-15): Attached new bank statements for [Redacted] account ending in [Redacted] Access letter from the Wife for the Funds for reserves and updated [Redacted] and [Redacted]. Reviewer Comment (2025-04-08): The LOE alone is not sufficient. We need either a CPA letter or a cash flow analysis from the uw for use of business funds for closing, exception remains. Seller Comment (2025-04-04): On page [Redacted] of [Redacted] is a LOE from the borrower which states " Everything with the business will remain as-is and continue to grow year after year" This has the same meaning as it will not negatively impact his business. Please Cancel. |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 20251433 | 33148418 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Missing letter of explanation stating that use of business funds will not negatively impact the business. Missing evidence of receipt of gift for [Redacted] by closing company. | Reviewer Comment (2025-04-18): Gift documentation provided, exception cleared. Reviewer Comment (2025-04-17): Please provide Evidence of receipt for Gift funds [Redacted] to Cover cash from borrower. Exception remains Seller Comment (2025-04-15): Waterfall Finding to Exception [Redacted] Reviewer Comment (2025-04-08): The LOE alone is not sufficient. We need either a CPA letter or a cash flow analysis from the uw for use of business funds for closing, exception remains. Seller Comment (2025-04-04): Waterfall Finding to Exception [Redacted] |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 20251433 | 33148421 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [Redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Missing letter of explanation stating that use of business funds will not negatively impact the business. Missing evidence of receipt of gift for [Redacted] by closing company. | Reviewer Comment (2025-04-18): Gift documentation provided, exception cleared. Reviewer Comment (2025-04-17): Please provide Evidence of receipt for Gift funds [Redacted] to Cover cash from borrower. Exception remains Seller Comment (2025-04-15): Waterfall Finding to Exception[Redacted] Reviewer Comment (2025-04-08): The LOE alone is not sufficient. We need either a CPA letter or a cash flow analysis from the uw for use of business funds for closing, exception remains. Seller Comment (2025-04-04): Waterfall Finding to Exception [Redacted] |
04/18/2025 | 1 | B | A | C | A | B | A | C | A | B | A | SC | Primary | Purchase | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||
| 20251433 | 33148422 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Missing letter of explanation stating that use of business funds will not negatively impact the business. Missing evidence of receipt of gift for [Redacted] by closing company. | Reviewer Comment (2025-04-18): Gift documentation provided, exception cleared. Reviewer Comment (2025-04-17): Please provide Evidence of receipt for Gift funds [Redacted] to Cover cash from borrower. Exception remains Seller Comment (2025-04-15): Waterfall Finding to Exception [Redacted] Reviewer Comment (2025-04-08): The LOE alone is not sufficient. We need either a CPA letter or a cash flow analysis from the uw for use of business funds for closing, exception remains. Seller Comment (2025-04-04): Waterfall Finding to Exception[Redacted] |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 20251434 | 33425339 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-04-30): Received secondary valuation CDA with value [Redacted]. Exception Cleared. Buyer Comment (2025-04-29): See docs provided |
04/30/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NC | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||
| 20251434 | 33425340 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Reviewer Comment (2025-04-30): Received and associated Articles of Organization/Formation for [Redacted]. Exception Cleared. Buyer Comment (2025-04-29): See docs provided |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||
| 20251434 | 33425341 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2025-04-30): Received and associated Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-04-29): See docs provided |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||
| 20251434 | 33425342 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2025-04-30): Received and associated Business Entity Listing document for [Redacted]. Exception Cleared. Buyer Comment (2025-04-29): See docs provided |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||
| 20251434 | 33425343 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Reviewer Comment (2025-04-30): Received and associated Operating Agreement for [Redacted] Exception Cleared. Buyer Comment (2025-04-29): See docs provided |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||
| 20251434 | 33425344 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Reviewer Comment (2025-04-30): Received and associated Employer Identification Number (EIN) for [Redacted]. Exception Cleared. Buyer Comment (2025-04-29): See docs provided |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||
| 20251434 | 33425345 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Reviewer Comment (2025-04-30): Received and associated Operating Agreement for [Redacted]. Exception Cleared. Buyer Comment (2025-04-29): See docs provided |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||
| 20251434 | 33425346 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Non-Owner Occupancy Declaration not provided | Reviewer Comment (2025-04-30): Received and associated Business Purpose Certificate. Exception Cleared. Buyer Comment (2025-04-29): See docs provided |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||
| 20250597 | 33318792 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient by $[Redacted]. | Reviewer Comment (2025-02-21): Received HOI with sufficient coverage in the file. Exception Cleared. Buyer Comment (2025-02-19): HOI with sufficient coverage uploaded for review. |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250596 | 33418914 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Appraisal was provided at closing and not [Redacted]days prior to closing. | Reviewer Comment (2025-02-28): Appraisal 3 day timing waiver received, exception cleared. Buyer Comment (2025-02-26): Appraisal waiver uploaded for review. |
02/28/2025 | 1 | B | A | B | A | B | A | B | A | B | A | OR | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20250596 | 33418915 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within three (3) business days of application. | Reviewer Comment (2025-02-25): There is no affiliate business disclosure from lender, exception cleared. Buyer Comment (2025-02-21): The Affiliated Business Arrangement Disclosure in your portal under Doc ID's [Redacted]& [Redacted]are reflecting from [Redacted]", these are not CEL disclosures. Per the SSPL provided under Doc ID [Redacted]& [Redacted], CEL does not have any affiliates, the only noted provided is NETCO. |
02/25/2025 | 1 | B | A | B | A | B | A | B | A | B | A | OR | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 20250596 | 33418916 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-[Redacted]exceeds tolerance of $-[Redacted]. Insufficient or no cure was provided to the borrower. | Sufficient cure or valid change of circumstance is required to cover the cure | Reviewer Comment (2025-02-24): [Redacted] received valid COC dated[Redacted] Buyer Comment (2025-02-21): COC form uploaded for review. |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 20250596 | 33418918 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-18): [Redacted] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception. Buyer Comment (2025-03-17): PCCD cure documentation uploaded for review. |
03/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | OR | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 20250596 | 33418919 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Borrower was a W-2 employee and changed to 1099 with same company, missing YTD P&L statement causing loan designation discrepancy. | Reviewer Comment (2025-03-18): Loan is Non-QM. Buyer Comment (2025-02-21): Section [Redacted]1099 Borrowers does not reflects that a YTD P&L is required, please advise. |
03/18/2025 | 1 | B | A | C | A | B | A | C | A | B | A | OR | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 20250596 | 33418920 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Schedule C | Ability to Repay (Dodd-Frank 2014): Unable to verify Sole Proprietorship income using reasonably reliable third-party records. | Borrower was a W-2 employee and changed to 1099 with same company, missing YTD P&L statement. | Reviewer Comment (2025-03-18): Meets lenders guidelines. Borrower was a W-2 employee and changed to 1099 with same company. Reviewer Comment (2025-03-18): Cleared in error. Reviewer Comment (2025-02-26): YTD P&L statement not required to qualify per guidelines. Buyer Comment (2025-02-21): Section [Redacted]Borrowers does not reflects that a YTD P&L is required, please advise. |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20250593 | 33418946 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([Redacted]) business days prior to consummation. | No evidence in file showing borrower received copy of appraisal. | Reviewer Comment (2025-02-27): Appraisal delivery receipt received & uploaded. Exception cleared. Buyer Comment (2025-02-26): The proof the appraisal was sent to the borrower was provided in the initial shipping package Doc ID [Redacted]page [Redacted]. The appraisal was sent on [Redacted], the presumed receipt date is [Redacted], the loan closed[Redacted], the ECOA [Redacted]business day requirement was met. |
02/27/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 20250593 | 33418950 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Application Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Application fee not disclosed on initial or final LE. No valid change in circumstance or cure for borrower provided. | Reviewer Comment (2025-02-27): Appraisal Fee name updated correctly & exception cleared. Buyer Comment (2025-02-26): Your portal reflects a $[Redacted]Application fee paid by the borrower prior to closing however this is an error in your data entry. The only $[Redacted]fee paid by the borrower prior to closing was the Appraisal fee in the amount of $[Redacted]as noted on the final CD Doc ID [Redacted]page [Redacted]. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 20250593 | 33418951 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit report fee disclosed as $[Redacted]on initial CD and as $[Redacted]on final CD. No valid change in circumstance or cure for borrower provided. | Reviewer Comment (2025-03-18): [Redacted]received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception. Buyer Comment (2025-03-17): PCCD cure documentation uploaded for review. |
03/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 20250593 | 33418952 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted]is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted] | Amount financed disclosed as $[Redacted]vs actual amount financed of $[Redacted]. Variance of $[Redacted]. | Reviewer Comment (2025-02-27): Appraisal Fee name updated correctly & exception cleared. Buyer Comment (2025-02-26): Your portal reflects a $[Redacted]Application fee paid by the borrower prior to closing however this is an error in your data entry. The only $[Redacted]fee paid by the borrower prior to closing was the Appraisal fee in the amount of $[Redacted]as noted on the final CD Doc ID [Redacted]page [Redacted]. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 20250593 | 33418953 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted]disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]. | Finance charge disclosed as $[Redacted]vs actual finance charge of $[Redacted]. Variance of $[Redacted]. | Reviewer Comment (2025-02-27): Appraisal Fee name updated correctly & exception cleared. Buyer Comment (2025-02-26): Your portal reflects a $[Redacted]Application fee paid by the borrower prior to closing however this is an error in your data entry. The only $[Redacted]fee paid by the borrower prior to closing was the Appraisal fee in the amount of $[Redacted]as noted on the final CD Doc ID [Redacted]page [Redacted]. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 20250593 | 33418954 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Reviewer Comment (2025-02-27): Asset updated correctly. Exception cleared. Buyer Comment (2025-02-26): Per the Final CD Doc ID [Redacted]the funds needed to close are [Redacted], you have included the[Redacted] EMD in your funds to close calculation however per the [Redacted] [Redacted] account [Redacted] transaction history Doc ID [Redacted] the EMD cleared the account on [Redacted]. Additionally attached is the appraisal invoice. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 20250611 | 33418978 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Verification of rent reflecting [Redacted] month housing history is not located in the file. | Reviewer Comment (2025-03-14): Cancelled check for verification of rent for [Redacted]months is located in the initial package. Exception cleared. Buyer Comment (2025-03-13): The copy of the cancelled rents checks (per guidelines) were provided in the initial shipping package Doc ID [Redacted], denoting [Redacted] monthly which aligns with the information on the final 1003. |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | D | A | CA | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||||
| 20250637 | 33523403 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception approved for lack of housing history. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-03-20): Client elects to waive with comp factors. |
03/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20250637 | 33523404 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception approved to allow POA on delayed financing. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Guidelines Representative FICO: [Redacted] Representative FICO: [Redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-03-20): Client elects to waive with comp factors. |
03/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 20250637 | 33523405 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD (Initial Purchase) not provided | File is missing HUD/CD for initial purchase on delayed finance transaction. | Reviewer Comment (2025-03-24): Received initial purchase on delayed finance transaction. Exception cleared. Reviewer Comment (2025-03-21): Provided closing statement is not borrower's statement. Exception remains. Seller Comment (2025-03-20): see attached [Redacted] Closing Statement.pdf (Closing Disclosure) was uploaded |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20250637 | 33523406 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds for the Initial Purchase not provided | File is missing source of funds for initial purchase on delayed finance transaction. | Reviewer Comment (2025-03-24): Bank statement received for verification for source of funds for initial purchase delayed finance transaction. exception cleared. Seller Comment (2025-03-20): [Redacted] Closing Funds.pdf (Unclassified) was uploaded |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20250637 | 33523407 | Credit | Loan Eligibility | Guideline Issue | Loan Eligibility | Delayed Financing: Subject loan did not close within the required time-frame (vs. previous transaction), per guideline requirements. | Cash out is from delayed financing. | Reviewer Comment (2025-03-24): Closing statement provided dated [Redacted]and note date is [Redacted] which is [Redacted]of closing. Exception cleared. Seller Comment (2025-03-21): Per closing statement dated [Redacted] subject property was purchaased within the [Redacted] and meets delayed financing guidelines. Zillow also shows property sold in [Redacted]. Seller Comment (2025-03-21): see attached Closing Disclosure Lutsiv Closing Statement.pdf (Closing Disclosure) was uploaded Seller Comment (2025-03-20): Please advise on what is being required? |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 20250693 | 33523409 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bylaws not provided | The Bylaws document for the borrowing entity is not located in the file. | Reviewer Comment (2025-03-28): Per client:guides are intended to read that Operating Agreement or Bylaws based on state requirements, not necessarily both. Reviewer Comment (2025-03-27): Bylaws are required for corporations. This business entity is not LLC. Exception Remains. Seller Comment (2025-03-26): Bylaws are required for Corporations, this is an LLC and not required. Reviewer Comment (2025-03-21): Operating agreement cannot be used in lieu of bylaws. Require Bylaws document for the borrowing entity. Exception remains. Seller Comment (2025-03-20): see attached Patel Operating Agreement serves equivalent to Bylaws.pdf (Unclassified) was uploaded |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 20250677 | 33523430 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Hazard Insurance Policy Effective Date ___, Disbursement Date: ___ | Hazard Insurance Policy Effective Date [Redacted], Disbursement Date: [Redacted] | Reviewer Comment (2025-03-18): Hazard Insurance Policy Effective Date is within the disbursement date. Exception cleared. Seller Comment (2025-03-18): Good Morning, The policy has the Effective date = the Disbursement Date on the CD. The borrowers dont own the property until the loan funds and records and therefore are not "legal" owners until the Disbursement Date. The current Insurance policy should be sufficient. Thank you |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No |