J.P. MORGAN ACCEPTANCE CORPORATION II ABS-15G
Exhibit 99.30
| Seller | Loan ID | Seller Loan ID | Investor Loan ID | Queue | Created Date | Last Modified Date | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Reviewer Comments | Seller Comments | Finding Resolution | Finding Document | Reviewer Comp Factors | Originator Comp Factors | State | Occupancy | Loan Purpose | Refinance Purpose | Unique Finding ID | Acknowledged / Waived By | Waiver in File? |
| XXXX | XXXX | 304481927 | Closed | 2025-01-08 12:59 | 2025-01-27 21:15 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Waiver and comp factors provided, expired IRA account allowed for reserves per waiver. - Due Diligence Vendor-01/27/2025 Unable to Resolve-Unable to Resolve-XXXXapproves exception to use retirement statement dated XXXX with $XXXX Borrower is not at retirement age. Comp Factors: 769 FICO, 0x30 on all mortgages, 1.64 DSCR - Buyer-01/23/2025 Open-Audited Reserves of 2.45 month(s) are less than Guideline Required Reserves of 3 month(s) Asset 4 as per 1003 Retirement Funds of $XXXX is expired on XXXX however the reserves are insufficient required updated statement - Due Diligence Vendor-01/08/2025 |
Waived-Waiver and comp factors provided, expired IRA account allowed for reserves per waiver. - Due Diligence Vendor-01/27/2025 |
769 FICO; 740 required 1.64 DSCR; 1.0 minimum 0x30x39 Mortgage history; 0x30x12 required |
FL | Investment | Purchase | NA | 3161154 | Originator Post-Close | Yes | ||||
| XXXX | XXXX | 304481927 | Closed | 2025-01-08 12:20 | 2025-01-24 16:41 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Received the first page of the final CD ask requested. - Due Diligence Vendor-01/24/2025 Ready for Review-Document Uploaded. see attached. Thank you - Buyer-01/23/2025 Open-TRID: Missing Final Closing Disclosure Final Cd First page is missing in File. remaining pages are available on 253-257. - Due Diligence Vendor-01/08/2025 |
Resolved-Received the first page of the final CD ask requested. - Due Diligence Vendor-01/24/2025 |
XXXX | FL | Investment | Purchase | NA | 3160982 | N/A | N/A | ||||
| XXXX | XXXX | 304481855 | Closed | 2025-01-13 12:14 | 2025-01-16 14:50 | Acknowledged | 2 - Non-Material | D | B | Compliance | Missing Doc | The Final 1003 is Incomplete | Acknowledged-BPL - XXXX- Due Diligence Vendor-01/16/2025 Unable to Resolve-Unable to Resolve-XXXXAgrees to waive; please downgrade to a Non-Material Grade 2. - Buyer-01/15/2025 Open-The Final 1003 is Incomplete Note and DOT is signed by XXXX and Business entity Final 1003 is missing. - Due Diligence Vendor-01/13/2025 |
Acknowledged-BPL - XXXX- Due Diligence Vendor-01/16/2025 |
Credit Score is 763. Minimum required per guidelines is 660. Borrower(s) have 9.76 months Reserves. Minimum required per guidelines is 3 months. DSCR is 1.052. Minimum required per guidelines is 0.75. |
GA | Investment | Purchase | NA | 3189815 | Originator Post-Close | No | ||||
| XXXX | XXXX | 304481855 | Closed | 2025-01-14 06:51 | 2025-01-16 14:26 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Business Purpose Affidavit is Missing | Resolved-The Business Purpose Affidavit is present or Not Applicable (1008 Page Loan Type is DSCR.) - Due Diligence Vendor-01/16/2025 Ready for Review-Document Uploaded. see attached. - Buyer-01/15/2025 Open-The 1008 Page Loan Type is 'DSCR' but the Business Purpose Affidavit Disclosure Indicator is 'Missing'. Business Purpose Affidavit is required for a DSCR loan. Business Purpose Affidavit is Missing - Due Diligence Vendor-01/14/2025 |
Resolved-The Business Purpose Affidavit is present or Not Applicable (1008 Page Loan Type is DSCR.) - Due Diligence Vendor-01/16/2025 |
XXXX | GA | Investment | Purchase | NA | 3198875 | N/A | N/A | ||||
| XXXX | XXXX | 304493409 | Closed | 2025-01-28 20:07 | 2025-02-04 13:36 | Resolved | 1 - Information | C | A | Credit | Credit | Corporation/LLC: Certificate of Good Standing Document is Missing | Resolved-Secretary of state provided - Due Diligence Vendor-02/04/2025 Ready for Review-Document Uploaded. COGS attached. - Seller-01/30/2025 Open- - Due Diligence Vendor-01/28/2025 |
Ready for Review-Document Uploaded. COGS attached. - Seller-01/30/2025 |
Resolved-Secretary of state provided - Due Diligence Vendor-02/04/2025 |
XXXX | TX | Investment | Refinance | Cash Out - Other | 3300384 | N/A | N/A | |||
| XXXX | XXXX | 304493409 | Closed | 2025-01-28 20:07 | 2025-02-04 13:35 | Resolved | 1 - Information | C | A | Credit | Eligibility | Business Entity EIN Number Missing | Resolved-Ein provided - Due Diligence Vendor-02/04/2025 Ready for Review-Document Uploaded. EIN number docs attached. - Seller-01/30/2025 Open-Please provide Business Entity EIN. - Due Diligence Vendor-01/28/2025 |
Ready for Review-Document Uploaded. EIN number docs attached. - Seller-01/30/2025 |
Resolved-Ein provided - Due Diligence Vendor-02/04/2025 |
XXXX | TX | Investment | Refinance | Cash Out - Other | 3300398 | N/A | N/A | |||
| XXXX | XXXX | 304493409 | Closed | 2025-01-28 20:01 | 2025-02-04 13:34 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-02/04/2025 Ready for Review-Document Uploaded. fraud attached. - Buyer-01/30/2025 Open-Fraud Report Shows Uncleared Alerts Fraud Report Shows HIgh Uncleared Alerts without cleared comments, a processor cert was not provided - Due Diligence Vendor-01/28/2025 |
Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-02/04/2025 |
XXXX | TX | Investment | Refinance | Cash Out - Other | 3300305 | N/A | N/A | ||||
| XXXX | XXXX | 304493409 | Closed | 2025-01-24 11:04 | 2025-02-04 13:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Business Purpose Affidavit is Missing | Resolved-The Business Purpose Affidavit is present or Not Applicable (1008 Page Loan Type is Conventional.) - Due Diligence Vendor-02/04/2025 Open-The 1008 Page Loan Type is 'Conventional' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Present', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a DSCR loan. - Due Diligence Vendor-02/04/2025 Ready for Review-Document Uploaded. business purpose attached. - Seller-01/30/2025 Open-The 1008 Page Loan Type is 'Conventional' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Missing', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a DSCR loan. Business Purpose & Occupancy Affidavit required to sign prior to submission & Final document missing. - Due Diligence Vendor-01/24/2025 |
Ready for Review-Document Uploaded. business purpose attached. - Seller-01/30/2025 |
Resolved-The Business Purpose Affidavit is present or Not Applicable (1008 Page Loan Type is Conventional.) - Due Diligence Vendor-02/04/2025 |
XXXX | TX | Investment | Refinance | Cash Out - Other | 3273801 | N/A | N/A | |||
| XXXX | XXXX | 304493409 | Closed | 2025-01-24 10:20 | 2025-02-04 13:33 | Resolved | 1 - Information | C | A | Credit | Eligibility | Business Entity Formation Doc Missing | Resolved-Validation Resolved' Please provide Articles of Incorporation or comparable documents. - Due Diligence Vendor-02/04/2025 Resolved-Resolved as Requested Entity Formation Docs provided including EIN. - Due Diligence Vendor-01/31/2025 Resolved-Validation Resolved' Please provide Articles of Incorporation or comparable documents. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. docs attached. - Seller-01/30/2025 Open-Entity Formation Doc Indicator is Missing. Articles of Organization or Operating agreement is missing in file - Due Diligence Vendor-01/24/2025 |
Ready for Review-Document Uploaded. docs attached. - Seller-01/30/2025 |
Resolved-Validation Resolved' Please provide Articles of Incorporation or comparable documents. - Due Diligence Vendor-02/04/2025 Resolved-Resolved as Requested Entity Formation Docs provided including EIN. - Due Diligence Vendor-01/31/2025 Resolved-Validation Resolved' Please provide Articles of Incorporation or comparable documents. - Due Diligence Vendor-01/31/2025 |
XXXX | TX | Investment | Refinance | Cash Out - Other | 3273664 | N/A | N/A | |||
| XXXX | XXXX | 304493409 | Closed | 2025-01-24 12:29 | 2025-02-04 13:26 | Resolved | 1 - Information | C | A | Credit | Doc Issue | Prepayment Rider Missing | Resolved-Prepay rider provided - Due Diligence Vendor-02/04/2025 Ready for Review-Document Uploaded. DOT with all riders attached. - Buyer-01/30/2025 Open-Prepayment Rider missing in file. - Due Diligence Vendor-01/24/2025 |
Resolved-Prepay rider provided - Due Diligence Vendor-02/04/2025 |
XXXX | TX | Investment | Refinance | Cash Out - Other | 3274023 | N/A | N/A | ||||
| XXXX | XXXX | 304493409 | Closed | 2025-01-24 12:28 | 2025-02-04 13:26 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | 1-4 Family Rider is Missing | Resolved-Family rider provided - Due Diligence Vendor-02/04/2025 Ready for Review-Document Uploaded. DOT with all riders attached. - Seller-01/30/2025 Open-As per DOT 1-4 Family Rider required however rider missing. - Due Diligence Vendor-01/24/2025 |
Ready for Review-Document Uploaded. DOT with all riders attached. - Seller-01/30/2025 |
Resolved-Family rider provided - Due Diligence Vendor-02/04/2025 |
XXXX | TX | Investment | Refinance | Cash Out - Other | 3274020 | N/A | N/A | |||
| XXXX | XXXX | 304493409 | Closed | 2025-01-24 10:51 | 2025-02-04 13:25 | Resolved | 1 - Information | C | A | Compliance | Closing | Note Does Not Indicate a Prepayment Penalty but CD Indicates a Prepayment Penalty | Resolved-Prepay addendum provided - Due Diligence Vendor-02/04/2025 Ready for Review-Document Uploaded. PPP addendum and rider attached. - Buyer-01/30/2025 Open-Note Does Not Indicate a Prepayment Penalty but CD Indicates a Prepayment Penalty Prepayment Penalty addendum to note and Rider is missing in file - Due Diligence Vendor-01/24/2025 |
Resolved-Prepay addendum provided - Due Diligence Vendor-02/04/2025 |
XXXX | TX | Investment | Refinance | Cash Out - Other | 3273748 | N/A | N/A | ||||
| XXXX | XXXX | 304493472 | Closed | 2025-01-27 13:02 | 2025-02-03 10:01 | Resolved | 1 - Information | C | A | Credit | Credit | Guarantor 1 spouse has not approved transaction | Resolved-Spouse Consent not required on BPL loans, Verified - Resolved - Due Diligence Vendor-02/03/2025 Ready for Review-No Required on BPL loans - Buyer-01/31/2025 Open-Spouse Consent document is missing from file - Due Diligence Vendor-01/27/2025 |
Resolved-Spouse Consent not required on BPL loans, Verified - Resolved - Due Diligence Vendor-02/03/2025 |
TX | Investment | Refinance | Cash Out - Other | 3284147 | N/A | N/A | |||||
| XXXX | XXXX | 304493522 | Closed | 2025-01-30 04:47 | 2025-02-24 12:59 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Credit history does not meet guidelines | Waived-Exception for credit event within 36 months is approved. - Due Diligence Vendor-02/24/2025 Ready for Review-Exception was approved, please clear this finding. Exception Request 1 Decision: Approved Exception Request 1 Decision Date - 1/16/2025 Exception Request 1 Decisioned By - XXXX Manager Notes: Exception for credit event within 36 months is approved. Considering overall depth and performance shown on credit, this appears to be a one-time occurrence that was sufficiently explained and documented. COMPENSATING FACTORS include: Experienced investor; Primary residence mortgage at 0x30 for 80 months; LTV below 50%. Exception Request 1 Date: 1/15/2025 (XXXX) - Buyer-02/20/2025 Open-Manager Notes: Exception for credit event within 36 months is approved. Considering overall depth and performance shown on credit, this appears to be a one-time occurrence that was sufficiently explained and documented. - Due Diligence Vendor-01/30/2025 |
Waived-Exception for credit event within 36 months is approved. - Due Diligence Vendor-02/24/2025 |
1. Borrower Housing History is 0X30, 80 months. 2. Housing History required per guidelines is 0X30, 12 months. 3. LTV is 57.65%. Maximum allowed per guidelines is 70%. |
DE | Investment | Refinance | Cash Out - Other | 3313139 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 304481845 | Closed | 2025-02-04 23:38 | 2025-02-07 16:02 | Resolved | 1 - Information | C | A | Credit | Credit | DSCR unknown | Resolved-Rent $XXXX / PITIA of $XXXX= 1.482 DSCR (final tax $XXXX, ins $XXXX) - Due Diligence Vendor-02/07/2025 Ready for Review-DSCR confirmed at 1.257 - Buyer-02/05/2025 Open-Please confirm DSCR rent $XXXX/ PITIA of $XXXX= 1.482 DSCR. Lock notes 1.257 - Due Diligence Vendor-02/04/2025 |
Resolved-Rent $XXXX / PITIA of $XXXX= 1.482 DSCR (final tax $XXXX, ins $XXXX) - Due Diligence Vendor-02/07/2025 |
PA | Investment | Refinance | No Cash Out - Borrower Initiated | 3351363 | N/A | N/A | |||||
| XXXX | XXXX | 304481845 | Closed | 2025-01-31 06:14 | 2025-02-06 07:29 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Resolved as requested Title Report Provided with updated Title Coverage Amount. - Due Diligence Vendor-02/06/2025 Resolved-Title Coverage Amount of $XXXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-02/06/2025 Ready for Review-Document Uploaded. - Buyer-02/05/2025 Open-Title Coverage Amount of $XXXXX is Less than Loan Amount of $XXXX - Due Diligence Vendor-01/31/2025 |
Resolved-Resolved as requested Title Report Provided with updated Title Coverage Amount. - Due Diligence Vendor-02/06/2025 Resolved-Title Coverage Amount of $XXXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-02/06/2025 |
XXXX | PA | Investment | Refinance | No Cash Out - Borrower Initiated | 3323256 | N/A | N/A | ||||
| XXXX | XXXX | 304498098 | Closed | 2025-02-07 04:07 | 2025-02-11 07:02 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-02/11/2025 Ready for Review-Document Uploaded. fraud report attached. - Buyer-02/10/2025 Open-Missing Third Party Fraud Report - Due Diligence Vendor-02/07/2025 |
Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-02/11/2025 |
XXXX | NY | Investment | Refinance | Cash Out - Other | 3371711 | N/A | N/A | ||||
| XXXX | XXXX | 304498098 | Closed | 2025-02-06 11:38 | 2025-02-10 17:44 | Acknowledged | 2 - Non-Material | D | B | Compliance | Missing Doc | The Final 1003 is Missing | Acknowledged-BPL - XXXX- Due Diligence Vendor-02/10/2025 Unable to Resolve-Unable to Resolve-XXXXAgrees to waive; please downgrade to a Non-Material Grade 2. - Buyer-02/10/2025 Open-The Final 1003 is Missing 1003 is missing for Borrower and XXXX. - Due Diligence Vendor-02/06/2025 |
Acknowledged-BPL - XXXX- Due Diligence Vendor-02/10/2025 |
NY | Investment | Refinance | Cash Out - Other | 3363088 | Originator Post-Close | No | |||||
| XXXX | XXXX | 304631924 | Closed | 2025-02-06 19:02 | 2025-02-12 15:01 | Resolved | 1 - Information | C | A | Compliance | Disclosure | Data Discrepancy: Prepayment Penalty on Closing Disclosure Incorrect | Resolved-PCCD received, finding resolved - Due Diligence Vendor-02/12/2025 Ready for Review-Document Uploaded. PCCD with corrected prepayment penalty amount and LOE uploaded for review. - Buyer-02/10/2025 Open-Prepayment Penalty on Closing Disclosure does not match the prepayment penalty calculation on the Note. Prepayment amount on the Note has a different amount listed than the Final Closing Disclosure - Due Diligence Vendor-02/06/2025 |
Resolved-PCCD received, finding resolved - Due Diligence Vendor-02/12/2025 |
XXXX | FL | Investment | Purchase | NA | 3368271 | N/A | N/A | ||||
| XXXX | XXXX | 304631924 | Closed | 2025-02-04 10:59 | 2025-02-07 08:28 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-02/07/2025 Ready for Review-Document Uploaded. Updated title uploaded for review. - Buyer-02/06/2025 Open-Title Coverage Amount of $XXXX is Less than Loan Amount Loan Amount is $XXXX however title document Coverage Amount of $XXXX. - Due Diligence Vendor-02/04/2025 |
Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-02/07/2025 |
XXXX | FL | Investment | Purchase | NA | 3343170 | N/A | N/A | ||||
| XXXX | XXXX | 304631924 | Closed | 2025-02-04 13:15 | 2025-02-06 19:55 | Acknowledged | 2 - Non-Material | D | B | Compliance | Missing Doc | The Final 1003 is Incomplete | Acknowledged-BPL XXXX- Due Diligence Vendor-02/06/2025 Unable to Resolve-Unable to Resolve-XXXXAgrees to waive; please downgrade to a Non-Material Grade 2 - Buyer-02/06/2025 Open-1003 required from business entity. - Due Diligence Vendor-02/04/2025 |
Acknowledged-BPL XXXX- Due Diligence Vendor-02/06/2025 |
FL | Investment | Purchase | NA | 3343867 | Originator Post-Close | No | |||||
| XXXX | XXXX | 304493514 | Closed | 2025-02-04 12:57 | 2025-02-25 13:34 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Property is owned free and clear, Verified & entered in system - Resolved - Due Diligence Vendor-02/25/2025 Ready for Review-Document Uploaded. title lien search, property is owned free and clear. - Buyer-02/24/2025 Open-Housing History Does Not Meet Guideline Requirements Unable to verify borrower primary housing history. Provide either LOX or property report if property is F&C. - Due Diligence Vendor-02/04/2025 |
Resolved-Property is owned free and clear, Verified & entered in system - Resolved - Due Diligence Vendor-02/25/2025 |
XXXX | NY | Investment | Purchase | NA | 3343748 | N/A | N/A | ||||
| XXXX | XXXX | 304493521 | Closed | 2025-02-05 21:47 | 2025-02-27 16:32 | Resolved | 1 - Information | C | A | Credit | Credit | DSCR unknown | Resolved-DSCR calculation acknowledged as well as additional detail - Due Diligence Vendor-02/27/2025 Ready for Review-Document Uploaded. We are getting these finding for the 600 ft size more and more when they are not valid. We want to clarify our 600 sq ft guidelines as am underwriting is seeing more and more of these findings when they are not an issue. Section 11.9.2 is under “general condo requirements” – since our subject property is a 4-unit multi-family, this guideline wouldn’t apply as we do not have any guidelines that each “unit” must be 600 sq ft. The entire subject property needs to be at least 600 sq ft. - Buyer-02/25/2025 Open-Please provide DSCR calculation - Due Diligence Vendor-02/05/2025 |
Resolved-DSCR calculation acknowledged as well as additional detail - Due Diligence Vendor-02/27/2025 |
XXXX | PA | Investment | Refinance | Cash Out - Other | 3360519 | N/A | N/A | ||||
| XXXX | XXXX | 304639277 | Closed | 2025-02-11 07:29 | 2025-02-18 14:10 | Resolved | 1 - Information | C | A | Compliance | Disclosure | Data Discrepancy: Prepayment Penalty on Closing Disclosure Incorrect | Resolved-Updated HuD provided with corrected PPP - Due Diligence Vendor-02/18/2025 Ready for Review-Document Uploaded. - Buyer-02/14/2025 Open-Prepayment Penalty on Closing Disclosure does not match the prepayment penalty calculation on the Note. Prepayment penalty on note $XXXX not matching with final HUD payment $10,770. - Due Diligence Vendor-02/11/2025 |
Resolved-Updated HuD provided with corrected PPP - Due Diligence Vendor-02/18/2025 |
XXXX | CT | Investment | Purchase | NA | 3393516 | N/A | N/A | ||||
| XXXX | XXXX | 304498160 | Closed | 2025-02-12 12:51 | 2025-02-19 14:53 | Acknowledged | 2 - Non-Material | D | B | Compliance | Missing Doc | The Final 1003 is Incomplete | Acknowledged-BPL XXXX- Due Diligence Vendor-02/19/2025 Unable to Resolve-Unable to Resolve-XXXXAgrees to waive; please downgrade to a Non-Material Grade 2 - Buyer-02/18/2025 Open-The Final 1003 is Incomplete Note is signed by LLC and vesting shows LLC, however Business Entity Application is missing. - Due Diligence Vendor-02/12/2025 |
Acknowledged-BPL XXXX- Due Diligence Vendor-02/19/2025 |
PA | Investment | Refinance | Cash Out - Other | 3404952 | Originator Post-Close | No | |||||
| XXXX | XXXX | 304498160 | Closed | 2025-02-12 12:55 | 2025-02-19 14:53 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Open-Loan does not conform to program guidelines Exception approval on page #494. Exception for multiple parcels with different zoning is approved. Subject dwelling on a single parcel (zoned residential) with 2 additional parcels across a street (zoned recreational – open preservation) that are used for parking for the 4 unit subject. Additional parcels are not buildable. - Due Diligence Vendor-02/25/2025 Waived-Unable to Resolve-Waiver and comp factors provided - Due Diligence Vendor-02/19/2025 Unable to Resolve-Unable to Resolve-XXXXagrees with excpetion approved by XXXX on 01.31.2025 - Buyer-02/18/2025 |
Waived-Unable to Resolve-Waiver and comp factors provided - Due Diligence Vendor-02/19/2025 |
Compensating Factors: FICO 804 (740 min), DSCR 1.428 (min 1.0), all credit 0x30 for 15 years. |
PA | Investment | Refinance | Cash Out - Other | 3404968 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 304498160 | Closed | 2025-02-12 12:01 | 2025-02-19 07:57 | Resolved | 1 - Information | D | A | Property | Missing Doc | Missing Primary Appraisal | Resolved-Appraisal provided. Resolved - Due Diligence Vendor-02/19/2025 Ready for Review-Document Uploaded. Appraisal uploaded for review. - Buyer-02/18/2025 Open-Primary Value has not been selected The primary Appraisal and 1025 Opinion of Market Rent is missing. - Due Diligence Vendor-02/12/2025 |
Resolved-Appraisal provided. Resolved - Due Diligence Vendor-02/19/2025 |
XXXX | PA | Investment | Refinance | Cash Out - Other | 3404699 | N/A | N/A | ||||
| XXXX | XXXX | 304631998 | Closed | 2025-02-13 10:40 | 2025-02-18 15:41 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Audited Loan Amount of $XXXX is less than the Guideline Minimum Loan Amount of $XXXX Exception approval is on p 1148. Exception for loan amount <$XXXX is approved. Loan amount is $XXXX at 75% LTV. XXXX allows us to waive approved exceptions on XXXX Wholesale loans. Waived. - Due Diligence Vendor-02/13/2025 |
Waived-Audited Loan Amount of $XXXX is less than the Guideline Minimum Loan Amount of $XXXXX Exception approval is on p 1148. Exception for loan amount <$XXXX is approved. Loan amount is $XXXX at 75% LTV. XXXX allows us to waive approved exceptions on XXXX Wholesale loans. Waived. - Due Diligence Vendor-02/13/2025 |
Compensating Factors: FICO 739 (700 min), 1.453 DSCR (1.0 min), all credit 0x30 for 20 years, greater than 60 months reserves. |
WV | Investment | Refinance | Cash Out - Other | 3413592 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 304493404 | Closed | 2025-02-12 11:34 | 2025-02-24 14:36 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Business Purpose Affidavit is Missing | Resolved-The Business Purpose Affidavit is present or Not Applicable (1008 Page Loan Type is DSCR.) - Due Diligence Vendor-02/24/2025 Ready for Review-Document Uploaded. - Buyer-02/21/2025 Open-The 1008 Page Loan Type is 'DSCR' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Missing', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a DSCR loan. Final Business Purpose Affidavit is Missing. - Due Diligence Vendor-02/12/2025 |
Resolved-The Business Purpose Affidavit is present or Not Applicable (1008 Page Loan Type is DSCR.) - Due Diligence Vendor-02/24/2025 |
XXXX | OR | Investment | Purchase | NA | 3404587 | N/A | N/A | ||||
| XXXX | XXXX | 304493404 | Closed | 2025-02-14 09:56 | 2025-02-24 10:38 | Resolved | 1 - Information | D | A | Property | Missing Doc | Missing Updated Completion Report (442/10040) | Resolved-Resolved as requested 1004D provided. - Due Diligence Vendor-02/24/2025 Ready for Review-Document Uploaded. - Buyer-02/21/2025 Open-1004D Completion Report missing in the loan file. - Due Diligence Vendor-02/14/2025 |
Resolved-Resolved as requested 1004D provided. - Due Diligence Vendor-02/24/2025 |
XXXX | OR | Investment | Purchase | NA | 3422886 | N/A | N/A | ||||
| XXXX | XXXX | 304638103 | Closed | 2025-02-20 12:22 | 2025-02-24 17:00 | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-02/24/2025 Ready for Review-Document Uploaded. - Seller-02/21/2025 Open-The 1008 document is missing from the loan file. Request to provided DSCR calculation document missing from Asset Summary Report. Please provide document detailing DSCR calculation, PITIA, reserves required, etc - Due Diligence Vendor-02/20/2025 |
Ready for Review-Document Uploaded. - Seller-02/21/2025 |
Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-02/24/2025 |
XXXX | MO | Investment | Purchase | NA | 3452663 | N/A | N/A | |||
| XXXX | XXXX | 304498209 | Closed | 2025-02-15 07:39 | 2025-02-18 18:49 | Resolved | 1 - Information | A | A | Credit | Closing | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Resolved-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). Loan type is DSCR, gap credit report is not required. Corrected to reflect N/A thus Resolved. - Due Diligence Vendor-02/15/2025 | Resolved-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). Loan type is DSCR, gap credit report is not required. Corrected to reflect N/A thus Resolved. - Due Diligence Vendor-02/15/2025 |
ID | Investment | Refinance | Cash Out - Other | 3430432 | N/A | N/A | |||||
| XXXX | XXXX | 304493507 | Closed | 2025-02-19 10:22 | 2025-03-06 13:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Evidence of Property Tax is present - Due Diligence Vendor-03/06/2025 Ready for Review-The UW based the taxes on the full assessment without benefit of senior and homestead exemptions. Total assessed value of XXXX X XXXX% (tax rate) = XXXX yr / 12 = XXXX monthly used to qualify. - Buyer-03/05/2025 Open-Missing Evidence of Property Tax Tax Bill and title reflects $XXXX annually however final CD reflects $XXXX - Due Diligence Vendor-02/19/2025 |
Resolved-Evidence of Property Tax is present - Due Diligence Vendor-03/06/2025 |
IL | Investment | Refinance | Cash Out - Other | 3444056 | N/A | N/A | |||||
| XXXX | XXXX | 304631843 | Closed | 2025-02-24 10:54 | 2025-03-10 20:00 | Acknowledged | 2 - Non-Material | D | B | Credit | Missing Doc | Business Purpose Affidavit is Missing | Acknowledged-XXXXAcknowledges - Due Diligence Vendor-03/10/2025 Unable to Resolve-Unable to Resolve-XXXXAgrees to waive; please downgrade to a Non-Material Grade 2. - Buyer-03/10/2025 Open-The 1008 Page Loan Type is 'DSCR' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Missing', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a DSCR loan. Initial Business Purpose Affidavit Disclosure is Missing from file. - Due Diligence Vendor-02/24/2025 |
Acknowledged-XXXXAcknowledges - Due Diligence Vendor-03/10/2025 |
IL | Investment | Purchase | NA | 3467171 | Investor Post-Close | No | |||||
| XXXX | XXXX | 304631843 | Closed | 2025-02-20 11:04 | 2025-03-10 09:40 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Credit Report is Missing | Resolved-Borrower 1 Credit Report provided. - Due Diligence Vendor-03/10/2025 Resolved-Borrower 1 Credit Report is not missing. - Due Diligence Vendor-03/10/2025 Ready for Review-Document Uploaded. Uploaded for review - Buyer-03/10/2025 Open-Borrower 1 Credit Report is Missing. Provide missing Credit report. Document is missing from the file. - Due Diligence Vendor-02/20/2025 |
Resolved-Borrower 1 Credit Report provided. - Due Diligence Vendor-03/10/2025 Resolved-Borrower 1 Credit Report is not missing. - Due Diligence Vendor-03/10/2025 |
XXXX | IL | Investment | Purchase | NA | 3452348 | N/A | N/A | ||||
| XXXX | XXXX | 304493337 | Closed | 2025-02-21 07:18 | 2025-03-11 20:39 | Resolved | 1 - Information | C | A | Compliance | Disclosure | Data Discrepancy: Prepayment Penalty on Closing Disclosure Incorrect | Resolved-HUD provided that reflects the correct PPP of $XXXX and correct Cash to Borrower of $XXXX (typo in my counter below said XXXX instead ofXXXX). Resolved. - Due Diligence Vendor-03/11/2025 Ready for Review-Document Uploaded. Corrected HUD uploaded for review - Buyer-03/07/2025 Counter-The Revised HUD provided does correct the Prepayment Penalty however the Closing Agent did not include the Payoff on Line 104 thus the Cash to Borrower is incorrect. The Final HUD reflected Cash to Borrower of $XXXX and the Revised HUD reflects Cash to Borrower of $XXXX. With the Payoff amount added, the figures will match. - Due Diligence Vendor-03/05/2025 Ready for Review-Document Uploaded. Revised HUD uploaded for review. - Buyer-03/03/2025 Open-Prepayment Penalty on Closing Disclosure does not match the prepayment penalty calculation on the Note. Prepayment Penalty in Note tab shows $XXXX; however, the HUD-1 page #260 reflects a prepayment penalty of $11,250. - Due Diligence Vendor-02/21/2025 |
Resolved-HUD provided that reflects the correct PPP of $XXXX and correct Cash to Borrower of $XXXX (typo in my counter below said XXXX instead of XXXX). Resolved. - Due Diligence Vendor-03/11/2025 |
XXXX | NY | Investment | Refinance | Cash Out - Other | 3458870 | N/A | N/A | ||||
| XXXX | XXXX | 304493337 | Closed | 2025-02-21 07:12 | 2025-02-26 08:48 | Resolved | 1 - Information | C | A | Credit | Eligibility | Business Entity EIN Number Missing | Resolved-Business Entity EIN document provided. - Due Diligence Vendor-02/26/2025 Ready for Review-Document Uploaded. EIN information uploaded for review. - Buyer-02/25/2025 Open-The Business Entity EIN for XXXX is missing. - Due Diligence Vendor-02/21/2025 |
Resolved-Business Entity EIN document provided. - Due Diligence Vendor-02/26/2025 |
XXXX | NY | Investment | Refinance | Cash Out - Other | 3458848 | N/A | N/A | ||||
| XXXX | XXXX | 304493352 | Closed | 2025-02-24 09:07 | 2025-03-06 08:22 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of $XXXX provided. Resolved - Due Diligence Vendor-03/06/2025 Ready for Review-Document Uploaded. - Buyer-03/05/2025 Open-Title Coverage Amount of $XXXX is Less than Loan Amount . Provide updated title commitment - Due Diligence Vendor-02/24/2025 |
Resolved-Title Coverage Amount of $XXXX provided. Resolved - Due Diligence Vendor-03/06/2025 |
XXXX | OH | Investment | Refinance | Cash Out - Other | 3466945 | N/A | N/A | ||||
| XXXX | XXXX | 304642194 | Closed | 2025-02-26 05:27 | 2025-03-12 12:25 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Business Purpose Affidavit is Missing | Resolved-received business purpose aff - resolved - Due Diligence Vendor-03/12/2025 Ready for Review-Document Uploaded. - Buyer-03/11/2025 Open-The 1008 Page Loan Type is 'DSCR' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Missing', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a DSCR loan. Initial Business Purpose Affidavit Disclosure Document is Missing. - Due Diligence Vendor-02/26/2025 |
Resolved-received business purpose aff - resolved - Due Diligence Vendor-03/12/2025 |
XXXX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | 3481632 | N/A | N/A | ||||
| XXXX | XXXX | 304642194 | Closed | 2025-02-27 09:58 | 2025-03-06 14:07 | Resolved | 1 - Information | C | A | Compliance | TRID | Final CD: Prepayment Penalty is missing or inaccurate | Resolved-received updated final HUD - Due Diligence Vendor-03/06/2025 Ready for Review-Document Uploaded. - Buyer-03/05/2025 Open-Prepayment amount as reflecting in Note Page $ not matching with Final HUD $14,368.58. - Due Diligence Vendor-02/27/2025 |
Resolved-received updated final HUD - Due Diligence Vendor-03/06/2025 |
XXXX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | 3489982 | N/A | N/A | ||||
| XXXX | XXXX | 304642194 | Closed | 2025-02-26 10:20 | 2025-03-04 13:18 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 4 Does Not Meet Guideline Requirements | Resolved-received final settlement from XXXX - Due Diligence Vendor-03/04/2025 Ready for Review-Document Uploaded. This is a file currently under your review, XXXX - Buyer-03/03/2025 Open-Asset 4 Does Not Meet Guideline Requirements As per tile fee breakdown pg:604, there is a proceeds form refinance of property-XXXX, but there is no proof in file. required wire transfer proof or settlement forXXXX- Due Diligence Vendor-02/26/2025 |
Resolved-received final settlement from XXXX - Due Diligence Vendor-03/04/2025 |
XXXX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | 3482184 | N/A | N/A | ||||
| XXXX | XXXX | 304642195 | Closed | 2025-02-27 21:31 | 2025-03-12 14:36 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-03/12/2025 Ready for Review-Document Uploaded. - Buyer-03/10/2025 Open-Title Coverage Amount of $0 is Less than Loan Amount - Due Diligence Vendor-02/27/2025 |
Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-03/12/2025 |
XXXX | CA | Investment | Refinance | Cash Out - Other | 3497133 | N/A | N/A | ||||
| XXXX | XXXX | 304642195 | Closed | 2025-02-27 08:31 | 2025-03-07 15:34 | Resolved | 1 - Information | C | A | Compliance | Disclosure | Data Discrepancy: Prepayment Penalty on Closing Disclosure Incorrect | Resolved-Received updated HUD with prepayment calculation - Due Diligence Vendor-03/07/2025 Ready for Review-Document Uploaded. - Buyer-03/05/2025 Open-Prepayment Penalty on Closing Disclosure does not match the prepayment penalty calculation on the Note. Prepayment Penalty on note $XXXX is not supported by HUD-1 prepayment $XXXX. - Due Diligence Vendor-02/27/2025 |
Resolved-Received updated HUD with prepayment calculation - Due Diligence Vendor-03/07/2025 |
XXXX | CA | Investment | Refinance | Cash Out - Other | 3489798 | N/A | N/A | ||||
| XXXX | XXXX | 304639294 | Closed | 2025-02-26 10:11 | 2025-03-27 09:30 | Resolved | 1 - Information | D | A | Property | Missing Doc | Missing Updated Completion Report (442/10040) | Resolved-Requested 1004D Final Inspection report Provided hence resolved. - Due Diligence Vendor-03/27/2025 Ready for Review-Document Uploaded. Uploaded for review - Buyer-03/26/2025 Open-Missing Updated Completion Report 1004D - Due Diligence Vendor-02/26/2025 |
Resolved-Requested 1004D Final Inspection report Provided hence resolved. - Due Diligence Vendor-03/27/2025 |
XXXX | TX | Investment | Purchase | NA | 3482174 | N/A | N/A | ||||
| XXXX | XXXX | 304493339 | Closed | 2025-02-27 14:58 | 2025-03-14 12:22 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-The Final 1003 is Present - Due Diligence Vendor-03/14/2025 Ready for Review-Document Uploaded. - Buyer-03/13/2025 Counter-1003 uploaded still shows borrower 1 as non-permanent resident alien but her ID is permanent resident alien - Due Diligence Vendor-03/04/2025 Ready for Review-Document Uploaded. See correct 1003 - Buyer-03/03/2025 Open-The Final 1003 is Incomplete Borrower 1 is marked as non- permanent resident alien, ID in file is for Permanent Resident Card - Due Diligence Vendor-02/27/2025 |
Resolved-The Final 1003 is Present - Due Diligence Vendor-03/14/2025 |
XXXX | MD | Investment | Purchase | NA | 3491687 | N/A | N/A | ||||
| XXXX | XXXX | 304631995 | Closed | 2025-03-04 16:53 | 2025-03-11 12:02 | Resolved | 1 - Information | C | A | Credit | Credit | Deficient subject rental income documentation. | Resolved-Unit 2 is listed on XXXX used market rent from 1007 with 20% expense factor. - Due Diligence Vendor-03/11/2025 Ready for Review-Document Uploaded. XXXX is currently listed on XXXX. XXXX documentation in lease folder. This unit will not be considered unleased. Market rent from the appraisal was used at $XXXX. $XXXX X XXXX%= $XXXX. Note: Long term rent comps provided. DSCR is well above 1.25 with long term rents. Treating as STR with 20% expense ratio still has DSCR above 1.00 Proceeded without STR comps. Please clear this finding as presented, thank you. - Buyer-03/08/2025 Open-On pages 746 and 1008 reflects XXXX documents for the subject property however a 12 month gross income history was not provided - Due Diligence Vendor-03/04/2025 |
Resolved-Unit 2 is listed on XXXX used market rent from 1007 with 20% expense factor. - Due Diligence Vendor-03/11/2025 |
XXXX | MI | Investment | Refinance | No Cash Out - Borrower Initiated | 3523282 | N/A | N/A | ||||
| XXXX | XXXX | 304639374 | Closed | 2025-02-28 10:52 | 2025-03-03 19:25 | Waived | 2 - Non-Material | B | B | Credit | Credit | Tradeline minimum has not met guidelines | Waived- Exception Pg#1071 approved to proceed with B2 with limited tradelines open and active. bwr 1 easily meets tradeline requirements. B2 has multiple older positive credit references dating back to 2014 - Due Diligence Vendor-02/28/2025 |
Waived- Exception Pg#1071 approved to proceed with B2 with limited tradelines open and active. bwr 1 easily meets tradeline requirements. B2 has multiple older positive credit references dating back to 2014 - Due Diligence Vendor-02/28/2025 |
required fico Score is 740; borrower qualified Fico score is 770 Borrower Housing History is 0X30, 43 months. Housing History required per guidelines is 0X30, 12 months. Investor experience- Borrower owns two investment properties. Investor Experience required per guidelines is None. |
WY | Investment | Refinance | Cash Out - Other | 3499364 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 304639350 | Closed | 2025-02-28 13:21 | 2025-03-07 15:29 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Deed of Trust is Missing | Resolved-Complete copy of Mortgage provided with the missing pages 15-18, 20. Condition resolved. - Due Diligence Vendor-03/07/2025 Ready for Review-Document Uploaded. Please see attached. - Buyer-03/05/2025 Open-The Deed of Trust is Missing Provide missing pages 15-18, 20 of the Mortgage Deed of Trust. - Due Diligence Vendor-02/28/2025 |
Resolved-Complete copy of Mortgage provided with the missing pages 15-18, 20. Condition resolved. - Due Diligence Vendor-03/07/2025 |
XXXX | NY | Investment | Purchase | NA | 3500073 | N/A | N/A | ||||
| XXXX | XXXX | 304639350 | Closed | 2025-03-03 14:51 | 2025-03-06 14:36 | Waived | 2 - Non-Material | C | B | Property | Property | Property Issues indicated | Waived-Unable to Resolve-Waiver and comp factors accepted. - Due Diligence Vendor-03/06/2025 Unable to Resolve-Unable to Resolve-Document Uploaded. XXXXacknowledges. Exception approval attached. - Buyer-03/05/2025 Open-Cosmetic issues noted on Appraisal. Max cost to cure for deferred maintenance of $XXXX exceeded $XXXX max allowed. Lender acknowledged exception approved for cost to cure $XXXX vs max $XXXX. Subject appraisal completed as is with no mandatory health/safety repairs. Cost to cure is to scrape and repaint exterior with some siding and wood trim issues. Interior of home shows in avg condition. - Due Diligence Vendor-03/03/2025 |
Waived-Unable to Resolve-Waiver and comp factors accepted. - Due Diligence Vendor-03/06/2025 |
XXXX | 807 Credit Score. Min is 660. Over 80 months PITI reserves. Min 3 months PITI reserves. |
NY | Investment | Purchase | NA | 3511719 | Originator Post-Close | Yes | |||
| XXXX | XXXX | 304639350 | Closed | 2025-02-28 12:29 | 2025-03-06 12:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing VOM or VOR | Resolved-As per Provided LOX "The home was owned free and clear so there was no primary housing expense. "Property Report Attached. - Due Diligence Vendor-03/06/2025 Resolved-Validation Resolved' - Due Diligence Vendor-03/06/2025 Ready for Review-Document Uploaded. Please see attached. - Buyer-03/05/2025 Open-VOR/VOM Doc Status should not be 'Missing'. Provide VOR/VOM for prior 12 months. - Due Diligence Vendor-02/28/2025 |
Resolved-As per Provided LOX "The home was owned free and clear so there was no primary housing expense. "Property Report Attached. - Due Diligence Vendor-03/06/2025 Resolved-Validation Resolved' - Due Diligence Vendor-03/06/2025 |
XXXX | NY | Investment | Purchase | NA | 3499781 | N/A | N/A | ||||
| XXXX | XXXX | 304639350 | Closed | 2025-02-28 12:29 | 2025-03-06 12:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-03/06/2025 Resolved-As per Provided LOX "The home was owned free and clear so there was no primary housing expense. "Property Report Attached. - Due Diligence Vendor-03/06/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-03/05/2025 Open-Housing History Does Not Meet Guideline Requirements Provide VOR or VOM. Borrower staying for rent but rent amount is not provided in 1003 and there is no proof to verify 12 months history. - Due Diligence Vendor-02/28/2025 |
Ready for Review-Document Uploaded. Please see attached. - Seller-03/05/2025 |
Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-03/06/2025 Resolved-As per Provided LOX "The home was owned free and clear so there was no primary housing expense. "Property Report Attached. - Due Diligence Vendor-03/06/2025 |
XXXX | 807 Credit Score. Min is 660. Over 80 months PITI reserves. Min 3 months PITI reserves. |
NY | Investment | Purchase | NA | 3499779 | N/A | N/A | ||
| XXXX | XXXX | 304642238 | Closed | 2025-03-04 09:24 | 2025-03-25 17:11 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-VOR provided. Resolved - Due Diligence Vendor-03/25/2025 Ready for Review-Document Uploaded. VOR attached - Buyer-03/25/2025 Counter-Lender provided illegible screen shot of VOR. Provide clear copy of VOR for prior residence located at XXXX Condition remains. - Due Diligence Vendor-03/20/2025 Ready for Review-Document Uploaded. Rebuttal from UW attached - Buyer-03/19/2025 Counter-Proof of sale of investment property provided. Condition remains as housing history does not meet guideline requirements primary mortgage or current rent history considered as 8 months per credit report page #527 which shows 8 months reviewed. Provide VOR of previous primary residence to verify complete 12 months housing history. Missing VOR from XXXX prior residence location as indicated on application. - Due Diligence Vendor-03/11/2025 Ready for Review-Proof of sale of investment property provided. Condition remains as housing history does not meet guideline requirements primary mortgage or current rent history considered as 8 months per credit report page #527 which shows 8 months reviewed. Provide VOR of previous primary residence to verify complete 12 months housing history. Missing VOR from XXXX prior residence location as indicated on application. - Due Diligence Vendor-03/07/2025 Ready for Review-Document Uploaded. XXXX - Investment property owned from XXXX; - Buyer-03/06/2025 Open-Housing History Does Not Meet Guideline Requirements Primary Mortgage or Current Rent History considered as 8 months per credit report page #527 which shows 8 months reviewed. Provide VOR of previous primary residence to verify complete 12 months housing history. - Due Diligence Vendor-03/04/2025 |
Resolved-VOR provided. Resolved - Due Diligence Vendor-03/25/2025 |
XXXX | TX | Investment | Purchase | NA | 3519346 | N/A | N/A | ||||
| XXXX | XXXX | 304639382 | Closed | 2025-03-05 16:40 | 2025-03-17 13:46 | Resolved | 1 - Information | C | A | Credit | Credit | Assets not properly documented/insufficient | Resolved- - Due Diligence Vendor-03/17/2025 Ready for Review-Document Uploaded. Please find fully executed settlement statement from the sale - Buyer-03/14/2025 Counter-Hud provided is the final HuD for subject property. Still missing Final signed settlement statement for proceeds of sale for XXXX to verify for assets. Per guidelines require the final settlement statement, the HuD on page 9 is not final/signed. - Due Diligence Vendor-03/12/2025 Ready for Review-Document Uploaded. CORRECTION - SEE OAGE 4 has all signatures. I have attached the document for reference, thank you - Buyer-03/10/2025 Ready for Review-See page 3 of your records reflect the signatures. Please clear this finding - Buyer-03/10/2025 Open-Proceeds from sale of real estate was provided on page 9 however Hud provided is not a final signed settlement statement as required per guidelines - Due Diligence Vendor-03/05/2025 |
XXXX | VA | Investment | Purchase | NA | 3533212 | N/A | N/A | |||||
| XXXX | XXXX | 304639214 | Closed | 2025-03-05 11:03 | 2025-03-20 18:28 | Resolved | 1 - Information | C | A | Credit | Insurance | Master Policy Expiration Date is Prior To the Transaction Date | Resolved-Master Policy Expiration Date of XXXX is Equal to or After the Transaction Date of XXXX Or Master Policy Expiration Date Is Not Provided - Due Diligence Vendor-03/20/2025 Ready for Review-Document Uploaded. Updated Master attached - Buyer-03/18/2025 Counter-Need updated policy for the project under Master Policy. The H06 policy is acceptable. Effective date of Master Policy is showing expired at XXXX, causing the condition to fire. - Due Diligence Vendor-03/14/2025 Ready for Review-Document Uploaded. I provided you with documentation showing policy through XXXX. Please check docs and scroll all the way down. - Buyer-03/12/2025 Counter-Master policy provided shows an expiration date of XXXX, policy expired prior to closing date - Due Diligence Vendor-03/11/2025 Ready for Review-Document Uploaded. - Buyer-03/07/2025 Open-Master Policy Expiration Date of 10-01-2024 is Prior To the Transaction Date of XXXX- Due Diligence Vendor-03/05/2025 |
Resolved-Master Policy Expiration Date of 10-01-2025 is Equal to or After the Transaction Date of XXXX Or Master Policy Expiration Date Is Not Provided - Due Diligence Vendor-03/20/2025 |
XXXX | NV | Investment | Refinance | No Cash Out - Borrower Initiated | 3529528 | N/A | N/A | ||||
| XXXX | XXXX | 304642314 | Closed | 2025-03-05 12:11 | 2025-03-17 17:36 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Missing Lease Agreement | Waived-Lender provided approved exception to use lease with typo as the expiration date should read as XXXX. Finding waived. - Due Diligence Vendor-03/17/2025 Ready for Review-Document Uploaded. Borrower is not month to month. this is a typo on the lease the term is one year through XXXX. See exception for the typo - Buyer-03/14/2025 Counter-Document Uploaded. Upon review of Wholesale guidelines, 14.2.3.2 LEASE REQUIREMENTS, For refinance transactions, an executed lease with no less than 3 months remaining at time of close is required for all units in the subject property. Month-to-month tenancy is not subject to this requirement with sufficient evidence (such as a signed extension letter). Per lease in file, Lease is good from XXXX to XXXX. Please provide valid Lease agreement with updated expiration date or provide proof borrower is going month to month. Finding countered. - Due Diligence Vendor-03/12/2025 Ready for Review-DSCR is still above 1.00% Please clear this finding as presented, thank you - Buyer-03/11/2025 Open-Provided lease docs term is XXXX to XXXX. Actual term is considering 12 months in lease docs but date is expired is incorrect. so Considered expiry date as XXXX. Used Higher of actual vs market. Actual rent $XXXX Higher. DSCR is passing. - Due Diligence Vendor-03/05/2025 |
Waived-Lender provided approved exception to use lease with typo as the expiration date should read as XXXX. Finding waived. - Due Diligence Vendor-03/17/2025 |
XXXX | Qualifying FICO - Guideline 740, Loan file 764 Months reserves - Guideline 3, Loan file 58.26 |
NJ | Investment | Refinance | Cash Out - Other | 3529871 | Originator Post-Close | Yes | |||
| XXXX | XXXX | 304642314 | Closed | 2025-03-05 12:16 | 2025-03-07 01:09 | Waived | 2 - Non-Material | B | B | Credit | Underwriting | Credit history does not meet guidelines | Waived-Approved Exception in file, p. 852, for 1x30 in the DSCR program is approved. Contingent on verification of date of late payment 97/24?) and DSCR >1.0. Finding waived. - Due Diligence Vendor-03/05/2025 | Waived-Approved Exception in file, p. 852, for 1x30 in the DSCR program is approved. Contingent on verification of date of late payment 97/24?) and DSCR >1.0. Finding waived. - Due Diligence Vendor-03/05/2025 |
Credit Score is 764. Minimum required per guidelines is 740. Borrower Housing History is 0X30, 36 months. Housing History required per guidelines is 0X30, 12 months. Borrower(s) have 36 months Reserves. Minimum required per guidelines is 3 months. |
NJ | Investment | Refinance | Cash Out - Other | 3529898 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 304642212 | Closed | 2025-03-08 05:34 | 2025-03-18 08:20 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-03/18/2025 Ready for Review-Document Uploaded. - Buyer-03/17/2025 Open-Title Coverage Amount of $XXXX is Less than Loan Amount The Title Coverage Amount of $XXXX is Less than Loan Amount of $XXXX. - Due Diligence Vendor-03/08/2025 |
Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-03/18/2025 |
XXXX | AZ | Investment | Refinance | No Cash Out - Borrower Initiated | 3563014 | N/A | N/A | ||||
| XXXX | XXXX | 304643833 | Closed | 2025-03-10 14:55 | 2025-03-13 12:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-Borrower has a employment authorization card. Per G/L's passport not required with employment authorization card. - Due Diligence Vendor-03/13/2025 Ready for Review-Document Uploaded. 3/11/25 - XXXX - Please note that the borrower has an EAD card that is in the file. Per XXXX guidelines only an EAD card is required. Uploaded EAD card and guideline. - Seller-03/11/2025 Open-Borrower is a non-permanent resident alien. Missing copy of borrowers passport which is required per G/L's - Due Diligence Vendor-03/10/2025 |
Ready for Review-Document Uploaded. 3/11/25 - XXXX - Please note that the borrower has an EAD card that is in the file. Per XXXX guidelines only an EAD card is required. Uploaded EAD card and guideline. - Seller-03/11/2025 |
Resolved-Borrower has a employment authorization card. Per G/L's passport not required with employment authorization card. - Due Diligence Vendor-03/13/2025 |
XXXX | FL | Investment | Refinance | Cash Out - Other | 3569270 | N/A | N/A | |||
| XXXX | XXXX | 304643715 | Closed | 2025-03-12 13:25 | 2025-03-17 11:06 | Resolved | 1 - Information | C | A | Credit | Credit | Borrowing Entity / Individual has insufficient experience | Resolved-Updated Credit memo shows Experience Properties as 1. - Due Diligence Vendor-03/17/2025 Ready for Review-Document Uploaded. 3/14/25 - XXXX- Uploaded Borrower Screen and Credit Memo. Please note that the borrower owns one property, the subject, since 2011. Since she has owned this property for over 12 months, experience is supported. - Seller-03/14/2025 Open-As per Loan application borrower has no experience. Credit memo doc shows Experience with 3 Properties. Need clarification/ Supporting doc for Borrower 3 Properties, loan application REO schedule and property profile reports. - Due Diligence Vendor-03/12/2025 |
Ready for Review-Document Uploaded. 3/14/25 - XXXX- Uploaded Borrower Screen and Credit Memo. Please note that the borrower owns one property, the subject, since 2011. Since she has owned this property for over 12 months, experience is supported. - Seller-03/14/2025 |
Resolved-Updated Credit memo shows Experience Properties as 1. - Due Diligence Vendor-03/17/2025 |
XXXX | FL | Investment | Refinance | Cash Out - Other | 3590043 | N/A | N/A | |||
| XXXX | XXXX | 304643763 | Closed | 2025-03-13 16:53 | 2025-03-21 14:58 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Letter of Explanation (Assets) | Resolved-LOX for Cash out proceeds uploaded. - Due Diligence Vendor-03/21/2025 Ready for Review-Document Uploaded. 3/19/25 - XXXX- Uploaded cash out LOE. - Seller-03/19/2025 Open-Missing a detailed borrower/sponsor prepared executed letter of explanation for cash out proceeds which is required per G/L's. - Due Diligence Vendor-03/13/2025 |
Ready for Review-Document Uploaded. 3/19/25 - XXXX- Uploaded cash out LOE. - Seller-03/19/2025 |
Resolved-LOX for Cash out proceeds uploaded. - Due Diligence Vendor-03/21/2025 |
XXXX | MO | Investment | Refinance | Cash Out - Other | 3604535 | N/A | N/A | |||
| XXXX | XXXX | 304643632 | Closed | 2025-03-13 13:20 | 2025-03-18 13:39 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan Eligibility | Resolved-Corrected list of REO owned properties and property profile reports received. - Due Diligence Vendor-03/18/2025 Ready for Review-Document Uploaded. 3/14/25 - Uploaded Borrower Screen which includes REO section along with corresponding property profiles to support borrower experience. - Seller-03/14/2025 Open-Missing property profile reports for XXXX which are needed to verify borrower ownership. - Due Diligence Vendor-03/13/2025 |
Ready for Review-Document Uploaded. 3/14/25 - Uploaded Borrower Screen which includes REO section along with corresponding property profiles to support borrower experience. - Seller-03/14/2025 |
Resolved-Corrected list of REO owned properties and property profile reports received. - Due Diligence Vendor-03/18/2025 |
XXXX | TX | Investment | Refinance | Cash Out - Other | 3601015 | N/A | N/A | |||
| XXXX | XXXX | 304643886 | Closed | 2025-03-10 12:59 | 2025-03-20 08:27 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-CDA document Provided. - Due Diligence Vendor-03/20/2025 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-03/20/2025 Ready for Review-Document Uploaded. - Seller-03/19/2025 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Provide Secondary Valuation or Additional Valuation as it is missing from file. - Due Diligence Vendor-03/10/2025 |
Ready for Review-Document Uploaded. - Seller-03/19/2025 |
Resolved-CDA document Provided. - Due Diligence Vendor-03/20/2025 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-03/20/2025 |
XXXX | OR | Investment | Refinance | No Cash Out - Borrower Initiated | 3567678 | N/A | N/A | |||
| XXXX | XXXX | 304643886 | Closed | 2025-03-10 13:20 | 2025-03-17 13:19 | Resolved | 1 - Information | C | A | Compliance | Closing | Final HUD-1 Closing Date does not match Transaction Date | Resolved-Clarification from client received. Resolved - Due Diligence Vendor-03/17/2025 Ready for Review-Loan funded XXXX hence the closing date. It is not based on the notary date. - Seller-03/14/2025 Open-Final HUD-1 Closing Date of XXXX is not the same date as the Notary Acknowledgement Date of XXXX. - Due Diligence Vendor-03/10/2025 |
Ready for Review-Loan funded XXXX hence the closing date. It is not based on the notary date. - Seller-03/14/2025 |
Resolved-Clarification from client received. Resolved - Due Diligence Vendor-03/17/2025 |
OR | Investment | Refinance | No Cash Out - Borrower Initiated | 3567913 | N/A | N/A | ||||
| XXXX | 7894386 | 304643841 | Closed | 2025-03-11 04:12 | 2025-03-31 12:50 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-The Final 1003 is Present - Due Diligence Vendor-03/31/2025 Ready for Review-Document Uploaded. 3/27/25 - XXXX - Uploaded corrected application showing borrowers foreign primary address. - Seller-03/27/2025 Counter-Attached is not matching same application form as loan application found on page 417. Also all categories are not completed and no place for borrower to sign. Need to attach a fully completed loan application with correct number of borrowers, Primary residence address in a foreign country and not in the XXXX. Mailing address must be in XXXX. - Due Diligence Vendor-03/18/2025 Ready for Review-Document Uploaded. 3/14/25 - XXXX - Uploaded full application which shows the borrowers primary residence in XXXX. As for an additional borrower, please also refer to the application which shows only one borrower and corresponds to the DOT. - Seller-03/14/2025 Counter-Finding not being completely addressed. The Final 1003 is Incomplete 1) Loan Application shows 2 borrowers but credit memo indicates 1 borrower and Note/DOT signed by 1 borrower. Provide corrected loan application if only one borrower applied for the loan. If two borrowers, then provide all closing/supporting documents with 2 borrowers signed. 2) Borrower1 is a foreign national and primary address is showing in U.S. Per G/L's Loan Application must reflect: Primary residence address is a foreign country and not in the XXXX Mailing address must be in XXXX. Provide corrected loan application. Need a full corrected loan application and not a screen shot. - Due Diligence Vendor-03/14/2025 Ready for Review-Document Uploaded. 3/13/25 - XXXX- Uploaded borrower screen showing primary residence in XXXX- Seller-03/13/2025 Open-The Final 1003 is Incomplete 1) Loan Application shows 2 borrowers but credit memo indicates 1 borrower and Note/DOT signed by 1 borrower. Provide corrected loan application if only one borrower applied for the loan. If two borrowers, then provide all closing/supporting documents with 2 borrowers signed. 2) Borrower1 is a foreign national and primary address is showing in XXXX. Per G/L's Loan Application must reflect: Primary residence address is a foreign country and not in the XXXX. Mailing address must be in XXXX. Provide corrected loan application. - Due Diligence Vendor-03/11/2025 |
Ready for Review-Document Uploaded. 3/27/25 - XXXX - Uploaded corrected application showing borrowers foreign primary address. - Seller-03/27/2025 Ready for Review-Document Uploaded. 3/14/25 - XXXX - Uploaded full application which shows the borrowers primary residence in XXXX. As for an additional borrower, please also refer to the application which shows only one borrower and corresponds to the DOT. - Seller-03/14/2025 Ready for Review-Document Uploaded. 3/13/25 - XXXX - Uploaded borrower screen showing primary residence in XXXX - Seller-03/13/2025 |
Resolved-The Final 1003 is Present - Due Diligence Vendor-03/31/2025 |
XXXX | OH | Investment | Refinance | Cash Out - Other | 3577073 | N/A | N/A | |||
| XXXX | 7894386 | 304643841 | Closed | 2025-03-10 13:00 | 2025-03-18 13:26 | Resolved | 1 - Information | A | A | Compliance | Closing | Final HUD-1 Closing Date does not match Transaction Date | Resolved-Final HUD-1 Closing Date of XXXX is not the same date as the Notary Acknowledgement Date of XXXX. Loan closed and funded on XXXX per final HUD. - Due Diligence Vendor-03/18/2025 Rescinded-Final HUD-1 Closing Date of XXXX is not the same date as the Notary Acknowledgement Date of XXXX. - Due Diligence Vendor-03/18/2025 Ready for Review-Document Uploaded. Updated Executed SS uploaded. Loan Funded XXXX hence the closing date. Interest charged from XXXX. It is not based on the notary date. - Seller-03/14/2025 Open-Final HUD-1 Closing Date of XXXX is not the same date as the Notary Acknowledgement Date of XXXX. DOT notary date is XXXX but Final HUD-1 Closing date XXXX. Provide updated Final HUD-1. - Due Diligence Vendor-03/10/2025 |
Ready for Review-Document Uploaded. Updated Executed SS uploaded. Loan Funded XXXX hence the closing date. Interest charged from XXXX. It is not based on the notary date. - Seller-03/14/2025 |
Resolved-Final HUD-1 Closing Date of XXXX is not the same date as the Notary Acknowledgement Date of XXXX Loan closed and funded on XXXX per final HUD. - Due Diligence Vendor-03/18/2025 Rescinded-Final HUD-1 Closing Date of XXXX is not the same date as the Notary Acknowledgement Date of XXXX. - Due Diligence Vendor-03/18/2025 |
XXXX | OH | Investment | Refinance | Cash Out - Other | 3567695 | N/A | N/A | |||
| XXXX | 5250285293 | 304639144 | Closed | 2025-03-10 05:48 | 2025-03-14 16:35 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-HOI document for XXXX provided with premium. - Due Diligence Vendor-03/14/2025 Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/14/2025 Ready for Review-Document Uploaded. - Buyer-03/13/2025 Open-Hazard Insurance Policy Partially Provided There are two units: XXXX. One of the Dec Pages for XXXX is on p 279 but the other Dec Page for XXXX is missing. Both of the RCE’s are in file on pages 280-281. The Dec Page in file reflects a premium amount of XXXX. The Final CD collected a 12-month premium of XXXX so we are looking for the Dec Page with the XXXX premium. - Due Diligence Vendor-03/10/2025 |
Resolved-HOI document for XXXX provided with premium. - Due Diligence Vendor-03/14/2025 Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/14/2025 |
XXXX | CA | Investment | Purchase | NA | 3566027 | N/A | N/A | ||||
| XXXX | 5250285293 | 304639144 | Closed | 2025-03-11 20:09 | 2025-03-14 16:33 | Resolved | 1 - Information | C | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA | Resolved-The Appraisal date is XXXX which is after the Declared Date of XXXX. The appraiser mentioned the disaster in his report and noted at the time of inspection it was found that the subject has not been affected by any disaster. Resolved. - Due Diligence Vendor-03/14/2025 Ready for Review-Appraisal was performed after the incident date, Please Rescind - Buyer-03/13/2025 Open-Property potentially affected by XXXX - Declared XXXX with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. - Due Diligence Vendor-03/11/2025 |
Resolved-The Appraisal date is XXXX which is after the Declared Date of XXXX. The appraiser mentioned the disaster in his report and noted at the time of inspection it was found that the subject has not been affected by any disaster. Resolved. - Due Diligence Vendor-03/14/2025 |
CA | Investment | Purchase | NA | 3585459 | N/A | N/A | |||||
| XXXX | 5250285293 | 304639144 | Closed | 2025-03-10 06:26 | 2025-03-14 16:09 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Business Purpose Affidavit is Missing | Resolved-BP/Occupancy Certification provided in Findings. Resolved. - Due Diligence Vendor-03/14/2025 Ready for Review-Document Uploaded. - Buyer-03/14/2025 Open-The 1008 Page Loan Type is 'XXXX' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Missing', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a XXXX loan. The Initial business Purpose Affidavit is Missing. - Due Diligence Vendor-03/10/2025 |
Resolved-BP/Occupancy Certification provided in Findings. Resolved. - Due Diligence Vendor-03/14/2025 |
XXXX | CA | Investment | Purchase | NA | 3566141 | N/A | N/A | ||||
| XXXX | 5250285685 | 304642181 | Closed | 2025-03-10 05:25 | 2025-03-17 17:09 | Acknowledged | 2 - Non-Material | D | B | Credit | Missing Doc | Business Purpose Affidavit is Missing | Acknowledged-DH Acknowledges - Due Diligence Vendor-03/17/2025 Unable to Resolve-Unable to Resolve-Seller cannot produce, XXXX acknowledged. Please downgrade to Non-Material Grade 2 - Buyer-03/14/2025 Open-The 1008 Page Loan Type is 'XXXX' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Missing', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a XXXX loan. Business Purpose disclosure signed prior to submission (initial) missing from file - Due Diligence Vendor-03/10/2025 |
Acknowledged-XXXX Acknowledges - Due Diligence Vendor-03/17/2025 |
NJ | Investment | Refinance | Cash Out - Other | 3565977 | Investor Post-Close | No | |||||
| XXXX | 4250285019 | 304639361 | Closed | 2025-03-12 19:09 | 2025-03-12 19:25 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Housing History Does Not Meet Guideline Requirements Exception approved on page 640 No primary housing history - borrower lives rent free with Son - Due Diligence Vendor-03/12/2025 | Waived-Housing History Does Not Meet Guideline Requirements Exception approved on page 640 No primary housing history - borrower lives rent free with Son - Due Diligence Vendor-03/12/2025 |
LTV is 61.25%. Maximum allowed per guidelines is 75%. Borrower(s) have 78.95 months Reserves. Minimum required per guidelines is 3 months. |
FL | Investment | Purchase | NA | 3595110 | Originator Pre-Close | Yes | ||||
| XXXX | 4250285584 | 304642274 | Closed | 2025-03-11 12:43 | 2025-04-01 12:27 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Audited Reserves of XXXX month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-04/01/2025 Ready for Review-Document Uploaded. - Buyer-03/28/2025 Counter-The most recent XXXX statement in file provided on page 138 reflects an ending balance of XXXX. Per the asset worksheet attached the account balance of XXXX is missing in file. - Due Diligence Vendor-03/19/2025 Ready for Review-Document Uploaded. Please see asset sheet that shows all assets and EMD used to qualify. We evidence XXXX months reserves using two XXXX, XXXX and XXXX balance as well as the EMD verified. - Buyer-03/18/2025 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) asset documents provided does not meet Guideline Required Reserves of XXXX months- XXXX account on page 123 current balance of XXXX, XXXX, XXXX and XXXX assets provided does not suffice to meet guideline minimum - Due Diligence Vendor-03/11/2025 |
Resolved-Audited Reserves of XXXX month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-04/01/2025 |
XXXX | FL | Investment | Purchase | NA | 3579105 | N/A | N/A | ||||
| XXXX | 4250285584 | 304642274 | Closed | 2025-03-11 20:03 | 2025-03-19 11:58 | Resolved | 1 - Information | C | A | Credit | Assets | Asset General | Resolved-Required Document Provided, Changes Made in system, Finding Resolved. - Due Diligence Vendor-03/19/2025 Ready for Review-Document Uploaded. See highlighted pages in yellow for the EMD, thank you - Buyer-03/18/2025 Open-EMD XXXXreflecting in Final 1003 but no evidence of deposit proof. Provide deposit proof for EMD XXXX. - Due Diligence Vendor-03/11/2025 |
Resolved-Required Document Provided, Changes Made in system, Finding Resolved. - Due Diligence Vendor-03/19/2025 |
XXXX | FL | Investment | Purchase | NA | 3585377 | N/A | N/A | ||||
| XXXX | 5250285159 | 304639174 | Closed | 2025-03-13 04:27 | 2025-03-28 15:57 | Resolved | 1 - Information | C | A | Compliance | Disclosure | Data Discrepancy: Prepayment Penalty on Closing Disclosure Incorrect | Resolved-Lender provided CD with corrected max prepayment penalty amount. Condition resolved. - Due Diligence Vendor-03/28/2025 Ready for Review-Document Uploaded. PCCD attached. - Buyer-03/27/2025 Open-Prepayment Penalty on Closing Disclosure does not match the prepayment penalty calculation on the Note. Max prepayment penalty per Note is XXXX. Closing disclosure document indicates max prepayment penalty of XXXX. - Due Diligence Vendor-03/13/2025 |
Resolved-Lender provided CD with corrected max prepayment penalty amount. Condition resolved. - Due Diligence Vendor-03/28/2025 |
XXXX | FL | Investment | Purchase | NA | 3598799 | N/A | N/A | ||||
| XXXX | 5250285159 | 304639174 | Closed | 2025-03-12 09:43 | 2025-03-25 17:19 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Business Purpose Affidavit is Missing | Resolved-The 1008 Page Loan Type is 'XXXX' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Present', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a DSCR loan. - Due Diligence Vendor-03/25/2025 Resolved-BPA provided. Resolved - Due Diligence Vendor-03/25/2025 Ready for Review-Document Uploaded. business purpose attached. - Buyer-03/24/2025 Open-The 1008 Page Loan Type is 'XXXX' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Missing', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a XXXX loan. Business purpose missing in file. - Due Diligence Vendor-03/12/2025 |
Resolved-The 1008 Page Loan Type is 'XXXX' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Present', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a XXXX loan. - Due Diligence Vendor-03/25/2025 Resolved-XXXX provided. Resolved - Due Diligence Vendor-03/25/2025 |
XXXX | FL | Investment | Purchase | NA | 3588620 | N/A | N/A | ||||
| XXXX | 7900441 | 304643754 | Closed | 2025-03-14 14:27 | 2025-03-21 12:05 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated Credit memo provided. Resolved - Due Diligence Vendor-03/21/2025 Ready for Review-Document Uploaded. 3/20/25 - XXXX - Uploaded Credit Memo with correct guideline version date. - Seller-03/20/2025 Open-Credit memo doc is on Page # 357 shows Version XXXX instead of XXXX5. - Due Diligence Vendor-03/14/2025 |
Ready for Review-Document Uploaded. 3/20/25 - XXXX - Uploaded Credit Memo with correct guideline version date. - Seller-03/20/2025 |
Resolved-Updated Credit memo provided. Resolved - Due Diligence Vendor-03/21/2025 |
XXXX | VA | Investment | Refinance | Cash Out - Other | 3612976 | N/A | N/A | |||
| XXXX | 7907927 | 304643575 | Closed | 2025-03-19 07:44 | 2025-03-25 11:24 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated Credit Memo/Loan Approval Provided, Finding Resolved - Due Diligence Vendor-03/25/2025 Ready for Review-Document Uploaded. 3/24/25 - XXXX - Uploaded credit memo with the correct guideline date. - Seller-03/24/2025 Open-Provide Credit Memo with updated guideline version, Credit memo guideline version XXXX not matching with LM Tape/Bid Tape date reflecting XXXX. - Due Diligence Vendor-03/19/2025 |
Ready for Review-Document Uploaded. 3/24/25 - XXXX - Uploaded credit memo with the correct guideline date. - Seller-03/24/2025 |
Resolved-Updated Credit Memo/Loan Approval Provided, Finding Resolved - Due Diligence Vendor-03/25/2025 |
XXXX | TX | Investment | Refinance | No Cash Out - Borrower Initiated | 3643532 | N/A | N/A | |||
| XXXX | 7900446 | 304643751 | Closed | 2025-03-18 21:39 | 2025-03-28 15:14 | Resolved | 1 - Information | B | A | Credit | Credit | Incomplete application | Resolved-Updated Application provided. - Due Diligence Vendor-03/28/2025 Ready for Review-Document Uploaded. 3/26/25 - XXXX- Uploaded signed complete application from our operating system which contains the requested information. Please note that the initial application cannot be generated again. - Seller-03/26/2025 Open-The application is incomplete. The application Member/Officers section page 474 is blank. The Purchase dates, Holding Title As, Ownership %, and Ownership Status of properties are blank. Requesting updated application. - Due Diligence Vendor-03/18/2025 |
Ready for Review-Document Uploaded. 3/26/25 - XXXX - Uploaded signed complete application from our operating system which contains the requested information. Please note that the initial application cannot be generated again. - Seller-03/26/2025 |
Resolved-Updated Application provided. - Due Diligence Vendor-03/28/2025 |
XXXX | VA | Investment | Refinance | Cash Out - Other | 3641619 | N/A | N/A | |||
| XXXX | 7900446 | 304643751 | Closed | 2025-03-14 17:50 | 2025-03-24 09:40 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated Credit Memo with correct guideline version date uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-03/24/2025 Ready for Review-Document Uploaded. 3/21/25 - XXXX - Uploaded Credit Memo with correct guideline version date. - Seller-03/21/2025 Open-Credit Memo doc is on Page # 346 shows Guideline Version XXXX instead of XXXX. - Due Diligence Vendor-03/14/2025 |
Ready for Review-Document Uploaded. 3/21/25 - XXXX - Uploaded Credit Memo with correct guideline version date. - Seller-03/21/2025 |
Resolved-Updated Credit Memo with correct guideline version date uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-03/24/2025 |
XXXX | VA | Investment | Refinance | Cash Out - Other | 3615882 | N/A | N/A | |||
| XXXX | 7900446 | 304643751 | Closed | 2025-03-18 21:04 | 2025-03-20 20:54 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Deed of Trust is Incomplete | Resolved-Upon further review and attestation by client the loan is not an actual open credit line but is the template used by one closing/escrow company for Business purpose loans. There is no other language in the note or the Deed that indicate the existence of an actual drawable credit line- Finding resolved - Due Diligence Vendor-03/20/2025 Open-The Deed of Trust shows the loan is a Credit Line Deed of Trust. Requesting updated Deed of Trust. - Due Diligence Vendor-03/18/2025 |
Resolved-Upon further review and attestation by client the loan is not an actual open credit line but is the template used by one closing/escrow company for Business purpose loans. There is no other language in the note or the Deed that indicate the existence of an actual drawable credit line- Finding resolved - Due Diligence Vendor-03/20/2025 |
VA | Investment | Refinance | Cash Out - Other | 3641277 | N/A | N/A | |||||
| XXXX | 7902402 | 304643718 | Closed | 2025-03-19 15:28 | 2025-03-25 14:51 | Resolved | 1 - Information | C | A | Credit | Credit | Deficient AUS/Loan Approval | Resolved-Sizer has been received. XXXX has been updated - Due Diligence Vendor-03/25/2025 Ready for Review-Document Uploaded. 3/21/25 - XXXX - Uploaded sizer - Seller-03/21/2025 Open-Request to provide copy of XXXX calculation worksheet. Document is pending from file - Due Diligence Vendor-03/19/2025 |
Ready for Review-Document Uploaded. 3/21/25 - XXXX - Uploaded sizer - Seller-03/21/2025 |
Resolved-Sizer has been received. LM has been updated - Due Diligence Vendor-03/25/2025 |
XXXX | TX | Investment | Refinance | No Cash Out - Borrower Initiated | 3647374 | N/A | N/A | |||
| XXXX | 7903154 | 304643697 | Closed | 2025-03-19 22:17 | 2025-03-26 13:55 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-03/26/2025 Ready for Review-Document Uploaded. - Seller-03/24/2025 Counter-Title for wrong property is attached. Need updated policy showing coverage of XXXX for property at XXXX - Due Diligence Vendor-03/24/2025 Ready for Review-Document Uploaded. - Seller-03/20/2025 Open-Title Coverage Amount of XXXX is Less than Loan Amount. Need updated policy showing coverage of XXXX. - Due Diligence Vendor-03/19/2025 |
Ready for Review-Document Uploaded. - Seller-03/24/2025 Ready for Review-Document Uploaded. - Seller-03/20/2025 |
Resolved-Title Coverage Amount of XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-03/26/2025 |
XXXX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | 3652370 | N/A | N/A | |||
| XXXX | 7903154 | 304643697 | Closed | 2025-03-19 04:24 | 2025-03-24 09:52 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated Credit Memo with correct guideline version date uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-03/24/2025 Ready for Review-Document Uploaded. 3/21/25 - XXXX - Uploaded Credit Memo with correct guideline version date. - Seller-03/21/2025 Open-Credit Memo version date is XXXX whereas tape data is showing XXXX, Need updated Credit memo with XXXX. - Due Diligence Vendor-03/19/2025 |
Ready for Review-Document Uploaded. 3/21/25 - XXXX - Uploaded Credit Memo with correct guideline version date. - Seller-03/21/2025 |
Resolved-Updated Credit Memo with correct guideline version date uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-03/24/2025 |
XXXX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | 3642734 | N/A | N/A | |||
| XXXX | 7906375 | 304643617 | Closed | 2025-03-19 05:20 | 2025-03-24 09:48 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated Credit Memo with correct guideline version date uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-03/24/2025 Ready for Review-Document Uploaded. 3/21/25 - XXXX - Uploaded Credit Memo with correct guideline version date. - Seller-03/21/2025 Open-Provide the updated Credit Memo document with XXXX version date. - Due Diligence Vendor-03/19/2025 |
Ready for Review-Document Uploaded. 3/21/25 - XXXX - Uploaded Credit Memo with correct guideline version date. - Seller-03/21/2025 |
Resolved-Updated Credit Memo with correct guideline version date uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-03/24/2025 |
XXXX | PA | Investment | Refinance | Cash Out - Other | 3642868 | N/A | N/A | |||
| XXXX | 7906024 | 304643629 | Closed | 2025-03-19 10:46 | 2025-03-25 11:48 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan does not conform to program guidelines | Resolved-Borrower signed as Individual, not as entity, where XXXX GL's accepts BPL/Entity loans - Due Diligence Vendor-03/25/2025 Ready for Review-3/24/25 - XXXX- Please refer to the initial application in the file which shows that the borrower intended to take title as an individual. Therefore, he would sign the note and DOT an individual. - Seller-03/24/2025 Open-Loan does not conform to program guidelines Entries are made as per Note document and Title report, Borrower is signed as individual and not guarantor; Loan program is experience as provided 1003 document. - Due Diligence Vendor-03/19/2025 |
Ready for Review-3/24/25 - XXXX - Please refer to the initial application in the file which shows that the borrower intended to take title as an individual. Therefore, he would sign the note and DOT an individual. - Seller-03/24/2025 |
Resolved-Borrower signed as Individual, not as entity, where XXXX GL's accepts BPL/Entity loans - Due Diligence Vendor-03/25/2025 |
NV | Investment | Purchase | NA | 3644140 | N/A | N/A | ||||
| XXXX | 7908600 | 304643891 | Closed | 2025-03-20 20:13 | 2025-03-27 14:51 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Settlement Statement Home Insurance XXXX month. - Due Diligence Vendor-03/27/2025 Ready for Review-Document Uploaded. - Seller-03/25/2025 Open-Final HUD-1 Document is Missing. Final Settlement Statement XXXX shows Home Insurance monthly amount XXXX0 as Mortgage Insurance. Requesting amended Settlement Statement to show as Home Insurance XXXX month. - Due Diligence Vendor-03/20/2025 |
Ready for Review-Document Uploaded. - Seller-03/25/2025 |
Resolved-Settlement Statement Home Insurance XXXX month. - Due Diligence Vendor-03/27/2025 |
XXXX | CA | Investment | Refinance | Cash Out - Other | 3662578 | N/A | N/A | |||
| XXXX | 7906243 | 304643626 | Closed | 2025-03-18 04:38 | 2025-03-23 18:18 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-03/23/2025 Ready for Review-Document Uploaded. - Seller-03/20/2025 Open-Final HUD-1 Document is Missing. In section 1000 Homeowner's insurance amount given for Mortgage insurance field , Provide the updated Settlement Statement Document with corrected format. There is no mortgage insurance. - Due Diligence Vendor-03/18/2025 |
Ready for Review-Document Uploaded. - Seller-03/20/2025 |
Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-03/23/2025 |
XXXX | MD | Investment | Refinance | Cash Out - Other | 3632506 | N/A | N/A | |||
| XXXX | 5250284920 | 304639255 | Closed | 2025-03-13 06:06 | 2025-03-25 20:29 | Acknowledged | 2 - Non-Material | D | B | Credit | Missing Doc | Business Purpose Affidavit is Missing | Acknowledged-XXXX Acknowledges - Due Diligence Vendor-03/25/2025 Ready for Review-Document Uploaded. for the initial copy-XXXX Agrees to waive; please downgrade to a Non-Material Grade 2. - Buyer-03/21/2025 Open-The 1008 Page Loan Type is 'XXXX' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Missing', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a XXXX loan. Provide Initial and final Signed Business Purpose/Occupancy Doc. - Due Diligence Vendor-03/13/2025 |
Acknowledged-XXXX Acknowledges - Due Diligence Vendor-03/25/2025 |
XXXX | TX | Investment | Purchase | NA | 3598985 | Investor Post-Close | No | ||||
| XXXX | 5250284920 | 304639255 | Closed | 2025-03-18 09:31 | 2025-03-20 21:19 | Resolved | 1 - Information | C | A | Credit | Credit | DSCR unknown | Resolved-Lender confirmed calculated XXXX is correct. Finding resolved. - Due Diligence Vendor-03/20/2025 Ready for Review-Document Uploaded. see page 3 of the attached. Rental amount changed to XXXX - Buyer-03/18/2025 Open-The calculation validating the correct XXXX is as follows: Rent of XXXX where as originator XXXX. Provide Originator XXXX worksheet. - Due Diligence Vendor-03/18/2025 |
Resolved-Lender confirmed calculated XXXX is correct. Finding resolved. - Due Diligence Vendor-03/20/2025 |
XXXX | TX | Investment | Purchase | NA | 3633250 | N/A | N/A | ||||
| XXXX | 4241281988 | 304481952 | Closed | 2025-03-20 11:33 | 2025-03-25 12:37 | Resolved | 1 - Information | C | A | Credit | Credit | DSCR unknown | Resolved-Tax calculations provided, XXXX vs tape data confirmed meets XXXXminimum requirements - Due Diligence Vendor-03/25/2025 Ready for Review-Document Uploaded. - Buyer-03/21/2025 Open-Per file calc tax and insurance amount is XXXX, However per Final CD and PCCD Estimated Taxes, Insurance is XXXX. Variance in tax amount. Calc tax amount per tax cert is XXXX. Unable to verify XXXX tape data of XXXX worksheet is missing in file. - Due Diligence Vendor-03/20/2025 |
Resolved-Tax calculations provided, XXXX vs tape data confirmed meets XXXX minimum requirements - Due Diligence Vendor-03/25/2025 |
XXXX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | 3655206 | N/A | N/A | ||||
| XXXX | 4241281988 | 304481952 | Closed | 2025-03-20 13:25 | 2025-03-25 12:35 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Evidence of Property Tax is present - Due Diligence Vendor-03/25/2025 Ready for Review-Document Uploaded. - Buyer-03/21/2025 Open-Missing Evidence of Property Tax Calc tax amount per tax cert page #1523 is XXXX. Per Final CD tax amount is XXXX. Discrepancy in tax amount causing XXXX variance - Due Diligence Vendor-03/20/2025 |
Resolved-Evidence of Property Tax is present - Due Diligence Vendor-03/25/2025 |
XXXX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | 3656212 | N/A | N/A | ||||
| XXXX | 5250285200 | 304639165 | Closed | 2025-03-18 07:12 | 2025-03-26 02:45 | Resolved | 1 - Information | C | A | Compliance | Disclosure | Data Discrepancy: Prepayment Penalty on Closing Disclosure Incorrect | Resolved-Lender provided updated Final CD with correct prepayment penalty. Finding resolved. - Due Diligence Vendor-03/26/2025 Ready for Review-Document Uploaded. PCCD attached. - Buyer-03/24/2025 Open-Prepayment Penalty on Closing Disclosure does not match the prepayment penalty calculation on the Note. As per Note prepayment addendum calculation the prepayment amount is XXXX however Final CD showing XXXX - Due Diligence Vendor-03/18/2025 |
Resolved-Lender provided updated Final CD with correct prepayment penalty. Finding resolved. - Due Diligence Vendor-03/26/2025 |
XXXX | LA | Investment | Purchase | NA | 3632895 | N/A | N/A | ||||
| XXXX | 5250285200 | 304639165 | Closed | 2025-03-18 06:14 | 2025-03-25 11:06 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Business Purpose Affidavit is Missing | Resolved-Requested Business Purpose Affidavit Disclosure with Check box marked provided hence resolved. - Due Diligence Vendor-03/25/2025 Resolved-The Business Purpose Affidavit is present or Not Applicable (1008 Page Loan Type is XXXX.) - Due Diligence Vendor-03/25/2025 Ready for Review-Document Uploaded. business purpose - Buyer-03/24/2025 Open-The 1008 Page Loan Type is 'XXXX' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Missing', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a XXXX loan. Check box is not marked in provided Business Purpose Affidavit. - Due Diligence Vendor-03/18/2025 |
Resolved-Requested Business Purpose Affidavit Disclosure with Check box marked provided hence resolved. - Due Diligence Vendor-03/25/2025 Resolved-The Business Purpose Affidavit is present or Not Applicable (1008 Page Loan Type is XXXX.) - Due Diligence Vendor-03/25/2025 |
XXXX | LA | Investment | Purchase | NA | 3632735 | N/A | N/A | ||||
| XXXX | 5250285200 | 304639165 | Closed | 2025-03-18 07:09 | 2025-03-20 23:58 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Loan does not conform to program guidelines Lender provided approved exception in file, page #471, is made for borrower having XXXX months vs XXXX months investor experience and allowing LTV of XXXX vs XXXX for FTI. Property owned is multi-unit, like managing 4 properties at once. Bwrs spouse also owns additional multi-unit and in community property state borrower has legal interest in that property as well since XXXX. Finding waived. - Due Diligence Vendor-03/18/2025 | Waived-Loan does not conform to program guidelines Lender provided approved exception in file, page #471, is made for borrower having XXXX months vs XXXX months investor experience and allowing LTV of XXXX vs XXXX for FTI. Property owned is multi-unit, like managing 4 properties at once. Bwrs spouse also owns additional multi-unit and in community property state borrower has legal interest in that property as well since XXXX. Finding waived. - Due Diligence Vendor-03/18/2025 |
1. DSCR is 1.406. Minimum required per guidelines is 1. 2. Borrower(s) have 91.01 months Reserves. Minimum required per guidelines is 3 months. |
LA | Investment | Purchase | NA | 3632892 | Originator Pre-Close | Yes | ||||
| XXXX | 4241282032 | 304639427 | Closed | 2025-03-17 11:38 | 2025-03-25 10:24 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Insurance Policy Missing | Resolved-Flood Insurance policy is present in file on page #367 which is part of Master Policy hence resolved. - Due Diligence Vendor-03/25/2025 Resolved-Flood Insurance Policy is fully present - Due Diligence Vendor-03/25/2025 Ready for Review-Document Uploaded. The flood insurance is part of the master policy. Please see attached to clear this finding, thank you - Buyer-03/24/2025 Open-Missing Flood Insurance Policy Flood Insurance Policy is missing from file. - Due Diligence Vendor-03/17/2025 |
Resolved-Flood Insurance policy is present in file on page #367 which is part of Master Policy hence resolved. - Due Diligence Vendor-03/25/2025 Resolved-Flood Insurance Policy is fully present - Due Diligence Vendor-03/25/2025 |
XXXX | FL | Investment | Refinance | Cash Out - Other | 3623412 | N/A | N/A | ||||
| XXXX | 4241282032 | 304639427 | Closed | 2025-03-17 12:55 | 2025-03-20 19:17 | Waived | 2 - Non-Material | B | B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Cash Out is not completed according to the guideline requirements Lender provided approved exception in file, p. 1745, to allow XXXX cash out is approved. Cash out is approx XXXX with loan amount of XXXX at XXXX LTV. Finding waived. - Due Diligence Vendor-03/18/2025 |
Waived-Cash Out is not completed according to the guideline requirements Lender provided approved exception in file, p. 1745, to allow >$500k cash out is approved. Cash out is approx XXXX with loan amount of XXXX at XXXX LTV. Finding waived. - Due Diligence Vendor-03/18/2025 |
1. LTV is 48%. Maximum allowed per guidelines is 75%. 2. Credit Score is 795. Minimum required per guidelines is 740. 3.Borrower(s) have 60 months Reserves. Minimum required per guidelines is 3 months. 4.all credit 0x30 for 10 years. |
FL | Investment | Refinance | Cash Out - Other | 3623978 | Originator Pre-Close | Yes | ||||
| XXXX | 4250183981 | 304631943 | Closed | 2025-03-24 08:25 | 2025-03-26 20:00 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Deed of Trust is Incomplete | Resolved-Lender confirmed XXXX loans there is no notary date on the Deed of Trust. Finding resolved. - Due Diligence Vendor-03/26/2025 Ready for Review-For XXXX loans, there is no notary date on the Deed of Trust. - Buyer-03/25/2025 Open-The Deed of Trust is Incomplete Notary date is missing. - Due Diligence Vendor-03/24/2025 |
Resolved-Lender confirmed XXXX loans there is no notary date on the Deed of Trust. Finding resolved. - Due Diligence Vendor-03/26/2025 |
GA | Investment | Purchase | NA | 3676629 | N/A | N/A | |||||
| XXXX | 4250183981 | 304631943 | Closed | 2025-03-21 09:57 | 2025-03-26 20:00 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Missing Deed of Trust | Resolved-Lender confirmed XXXX loans there is no notary date on the Deed of Trust. Finding resolved. - Due Diligence Vendor-03/26/2025 Ready for Review-For XXXX loans, there is no notary date on the Deed of Trust. - Buyer-03/25/2025 Open-Notary date is missing. - Due Diligence Vendor-03/21/2025 |
Resolved-Lender confirmed XXXX loans there is no notary date on the Deed of Trust. Finding resolved. - Due Diligence Vendor-03/26/2025 |
GA | Investment | Purchase | NA | 3665427 | N/A | N/A | |||||
| XXXX | 5250285445 | 304642218 | Closed | 2025-03-18 04:27 | 2025-03-25 14:03 | Acknowledged | 2 - Non-Material | D | B | Credit | Missing Doc | Business Purpose Affidavit is Missing | Acknowledged-XXXX - Due Diligence Vendor-03/25/2025 Ready for Review-Document Uploaded. this seller we use their guides and they do not require an initial thank you - Buyer-03/24/2025 Counter-Lender provided same copy of Final Business Purpose Affidavit Disclosure that is in file that dated XXXX. Provide, initial Business Purpose Affidavit Disclosure prior to said date. - Due Diligence Vendor-03/24/2025 Ready for Review-Document Uploaded. attached thank you - Buyer-03/21/2025 Open-The 1008 Page Loan Type is 'XXXX' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Missing', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a XXXX loan. Provide, initial Business Purpose Affidavit Disclosure. Final Business Purpose Affidavit Disclosure in file. - Due Diligence Vendor-03/18/2025 |
Acknowledged-XXXX - Due Diligence Vendor-03/25/2025 |
XXXX | 715 FICO. 700 Min. | TX | Investment | Refinance | Cash Out - Other | 3632492 | Originator Post-Close | No | |||
| XXXX | 5250285445 | 304642218 | Closed | 2025-03-21 16:33 | 2025-03-25 13:56 | Resolved | 1 - Information | C | A | Credit | Credit | Missing subject rental income documentation | Resolved-Lender provided evidence of XXXX payment. Condition satisfied. - Due Diligence Vendor-03/25/2025 Ready for Review-Document Uploaded. please see XXXX rental income payments - Buyer-03/21/2025 Open-Provide 1 additional month (XXXX) to complete 3 months of rental income receipt - Due Diligence Vendor-03/21/2025 |
Resolved-Lender provided evidence of XXXX payment. Condition satisfied. - Due Diligence Vendor-03/25/2025 |
XXXX | TX | Investment | Refinance | Cash Out - Other | 3669419 | N/A | N/A | ||||
| XXXX | 7907212 | 304643592 | Closed | 2025-03-25 20:38 | 2025-03-27 15:27 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/27/2025 Resolved-Hazard Insurance policy Effective XXXX - Due Diligence Vendor-03/27/2025 Ready for Review-Document Uploaded. is in the file we delivered labelled as: UPDATED_XXXX.pdf - Seller-03/26/2025 Open-Missing Hazard Insurance Policy Hazard Insurance Policy Effective Dates missing. - Due Diligence Vendor-03/25/2025 |
Ready for Review-Document Uploaded. is in the file we delivered labelled as: UPDATED_EOI_-_XXXX.pdf - Seller-03/26/2025 |
Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/27/2025 Resolved-Hazard Insurance policy Effective XXXX-XXXX - Due Diligence Vendor-03/27/2025 |
XXXX | PA | Investment | Refinance | Cash Out - Other | 3693184 | N/A | N/A | |||
| XXXX | 7905051 | 304643650 | Closed | 2025-03-26 21:27 | 2025-04-02 15:49 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-04/02/2025 Ready for Review-Document Uploaded. 3/31/25 - XXXX - Uploaded Credit Memo and Sizer reflecting subject transaction as cash-out. - Seller-03/31/2025 Open-Final HUD-1 Document is Missing. HUD Line 1303 shows proceeds for Funds owed on XXXX. Title commitment does not show requirement to be paid. Requesting purpose of proceeds for XXXX. - Due Diligence Vendor-03/26/2025 |
Ready for Review-Document Uploaded. 3/31/25 - XXXX - Uploaded Credit Memo and Sizer reflecting subject transaction as cash-out. - Seller-03/31/2025 |
Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-04/02/2025 |
XXXX | OK | Investment | Refinance | Cash Out - Other | 3703734 | N/A | N/A | |||
| XXXX | 7908084 | 304643567 | Closed | 2025-03-27 16:36 | 2025-04-02 18:46 | Resolved | 1 - Information | C | A | Credit | Doc Issue | Multiple Closing Documents do not reflect the correct address for the subject property | Resolved-Upon Further review Address discrepancy is immaterial as the only discrepancy consisted of the Zip code used by appraiser. Loan and Title documents all consistently reference XXXX- Finding resolved - Due Diligence Vendor-04/02/2025 Open-Multiple Closing Documents do not reflect the correct address for the subject property - The Note, Security Instrument/Deed, HUD, Property Insurance, and Title Documents have the Incorrect Zip code listed as identified by a note in the file. The Zip code is XXXX however the documents reflect XXXX. Please provide updated corrected documents signed by borrower at close or a XXXX affidavit identifying the Error to the borrower with corrected documents. - Due Diligence Vendor-03/27/2025 |
Resolved-Upon Further review Address discrepancy is immaterial as the only discrepancy consisted of the Zip code used by appraiser. Loan and Title documents all consistently reference XXXX- Finding resolved - Due Diligence Vendor-04/02/2025 |
ID | Investment | Refinance | Cash Out - Other | 3710495 | N/A | N/A | |||||
| XXXX | 7908084 | 304643567 | Closed | 2025-03-24 10:05 | 2025-03-31 10:26 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-10 properties at XXXX each. Annual Premium XXXXX which is for all 10 properties. LOX provided in loan file. - Due Diligence Vendor-03/31/2025 Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/31/2025 Ready for Review-3/28 XXXX 10 props at XXXX each. Annual Premium XXXX which is for all 10 properties - Seller-03/28/2025 Open-Hazard Insurance Policy Partially Provided Premium amount as per Hazard doc on Page # 112 shows Annual Premium XXXX instead of XXXX. - Due Diligence Vendor-03/24/2025 |
Ready for Review-3/28 XXXX 10 props at XXXX each. Annual Premium XXXX which is for all 10 properties - Seller-03/28/2025 |
Resolved-10 properties at XXXX each. Annual Premium XXXX which is for all 10 properties. LOX provided in loan file. - Due Diligence Vendor-03/31/2025 Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/31/2025 |
ID | Investment | Refinance | Cash Out - Other | 3676880 | N/A | N/A | ||||
| XXXX | 7908087 | 304643564 | Closed | 2025-03-27 14:34 | 2025-04-02 18:46 | Resolved | 1 - Information | C | A | Credit | Doc Issue | Multiple Closing Documents do not reflect the correct address for the subject property | Resolved-Upon Further review Address discrepancy is immaterial as the only discrepancy consisted of the Zip code used by appraiser. Loan and Title documents all consistently reference XXXX- Finding resolved - Due Diligence Vendor-04/02/2025 Open-Multiple Closing Documents do not reflect the correct address for the subject property Multiple Closing Documents do not reflect the correct address for the subject property - The Note, Security Instrument/Deed, HUD, Property Insurance, and Title Documents have the Incorrect Zip code listed as identified by a note in the file. The Zip code is XXXX however the documents reflect XXXX. Please provide updated corrected documents signed by borrower at close or a XXXX affidavit identifying the Error to the borrower with corrected documents. - Due Diligence Vendor-03/27/2025 |
Resolved-Upon Further review Address discrepancy is immaterial as the only discrepancy consisted of the Zip code used by appraiser. Loan and Title documents all consistently reference XXXX- Finding resolved - Due Diligence Vendor-04/02/2025 |
ID | Investment | Refinance | Cash Out - Other | 3708533 | N/A | N/A | |||||
| XXXX | 7908087 | 304643564 | Closed | 2025-03-24 14:29 | 2025-03-26 09:05 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Total 10 Units, each unit Premium is XXXX hence total annual premium for all units is XXXX, Resolved as premium is matching. - Due Diligence Vendor-03/26/2025 Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/26/2025 Ready for Review-Document Uploaded. 10 props at XXXX each. page 103 shows Annual Premium XXXX which is for all 10 properties - Seller-03/25/2025 Open-Hazard Insurance Policy Partially Provided Premium amount as per Hazard doc on Page # 103 shows Annual Premium XXXX instead of XXXX. - Due Diligence Vendor-03/24/2025 |
Ready for Review-Document Uploaded. 10 props at XXXX each. page 103 shows Annual Premium XXXX which is for all 10 properties - Seller-03/25/2025 |
Resolved-Total 10 Units, each unit Premium is XXXX hence total annual premium for all units is XXXX, Resolved as premium is matching. - Due Diligence Vendor-03/26/2025 Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/26/2025 |
XXXX | ID | Investment | Refinance | Cash Out - Other | 3678983 | N/A | N/A | |||
| XXXX | 7893307 | 304643849 | Closed | 2025-03-25 03:31 | 2025-04-04 20:23 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Borrower 1 ITIN Information | Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-04/04/2025 Resolved-ITIN document received. Resolved - Due Diligence Vendor-03/27/2025 Ready for Review-Document Uploaded. 3/26/25 - XXXX - Uploaded the ITIN from the file - Seller-03/26/2025 Open- - Due Diligence Vendor-03/25/2025 Open-Borrower is listed as Foreign National. ITIN document required per guidelines - Due Diligence Vendor-03/25/2025 |
Ready for Review-Document Uploaded. 3/26/25 - XXXX - Uploaded the ITIN from the file - Seller-03/26/2025 |
Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-04/04/2025 Resolved-ITIN document received. Resolved - Due Diligence Vendor-03/27/2025 |
XXXX | OH | Investment | Refinance | Cash Out - Other | 3685374 | N/A | N/A | |||
| XXXX | 7893307 | 304643849 | Closed | 2025-03-25 04:16 | 2025-04-04 20:23 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-04/04/2025 Resolved-Visa waiver program received and reviewed. XXXXconfirmed on the list - Due Diligence Vendor-03/27/2025 Ready for Review-Document Uploaded. 3/26/25 - XXXX - Please note that this borrower has a passport that is included in the XXXX. Therefore, a visa is not required. Uploaded Visa Waiver program - Seller-03/26/2025 Open- - Due Diligence Vendor-03/25/2025 Open-Pending Valid XXXX VISA per Foreign National section of guidelines - Due Diligence Vendor-03/25/2025 |
Ready for Review-Document Uploaded. 3/26/25 - XXXX - Please note that this borrower has a passport that is included in the Visa waiver program. Therefore, a visa is not required. Uploaded Visa Waiver program - Seller-03/26/2025 |
Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-04/04/2025 Resolved-Visa waiver program received and reviewed. XXXX confirmed on the list - Due Diligence Vendor-03/27/2025 |
XXXX | OH | Investment | Refinance | Cash Out - Other | 3685520 | N/A | N/A | |||
| XXXX | 7893307 | 304643849 | Closed | 2025-03-25 03:29 | 2025-03-27 13:53 | Resolved | 1 - Information | C | A | Credit | Credit | Foreign National Guidelines for Guarantors not met | Resolved-Waiver and ITIN have been provided. XXXX guidelines have been met - Due Diligence Vendor-03/27/2025 Open-Borrower is a Foreign National per the provided docs but the borrower's mailing address is located in the XXXX - Due Diligence Vendor-03/25/2025 |
Resolved-Waiver and ITIN have been provided. XXXX guidelines have been met - Due Diligence Vendor-03/27/2025 |
OH | Investment | Refinance | Cash Out - Other | 3685370 | N/A | N/A | |||||
| XXXX | 7904363 | 304643667 | Closed | 2025-03-25 19:26 | 2025-04-07 19:35 | Resolved | 1 - Information | C | A | Credit | Eligibility | Business Entity Formation Doc Missing | Resolved-Validation Resolved' - Due Diligence Vendor-04/07/2025 Resolved-Operating Agreement XXXX Member XXXX. - Due Diligence Vendor-04/04/2025 Ready for Review-Document Uploaded. 4/2/25 - XXXX - Uploaded requested operating agreement - Seller-04/02/2025 Counter-Requesting Operating Agreement for Entity XXXX as per signed Note, Deed of Trust. - Due Diligence Vendor-03/31/2025 Ready for Review-Document Uploaded. 3/27/25 -XXXX - Uploaded requested opearating agreement - Seller-03/27/2025 Open-Entity Formation Doc Indicator is Missing. Please provide Operating Agreement for XXXX. - Due Diligence Vendor-03/25/2025 |
Ready for Review-Document Uploaded. 4/2/25 - XXXX- Uploaded requested operating agreement - Seller-04/02/2025 Ready for Review-Document Uploaded. 3/27/25 - XXXX - Uploaded requested opearating agreement - Seller-03/27/2025 |
Resolved-Validation Resolved' - Due Diligence Vendor-04/07/2025 Resolved-Operating Agreement XXXX Member XXXX. - Due Diligence Vendor-04/04/2025 |
XXXX | PA | Investment | Purchase | NA | 3692403 | N/A | N/A | |||
| XXXX | 7904363 | 304643667 | Closed | 2025-03-25 20:05 | 2025-04-07 19:32 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Exception for post closing reserves less than 6 months. - Due Diligence Vendor-04/07/2025 Resolved-XXXX XXXX available balance XXXX, documentation XXXX wired to Escrow for funds to close. XXXX available for funds required to close and reserves. Exception for Reserves Shortage accepted for XXXX. Funds required to close XXXX + 6 months reserves minus approved shortage XXXX . Assets Verified XXXX Earnest Money Deposit, XXXX XXXX and XXXX XXXX. - Due Diligence Vendor-04/02/2025 Ready for Review-Document Uploaded. 3/31/25 - XXXX - Subject property was a purchase and vacant at time of closing. No lease is required due to subject being vacant. 6 months reserves were required. Verified assets as follows: XXXX available credit + XXXXX + XXXX = XXXX - funds to close per final HUD XXXX - Required reserves XXXX. Uploaded XXXX statement, XXXX XXXX statement, XXXX XXXX statement, Credit Memo reflecting exception, Sizer and Final HUD. - Seller-03/31/2025 Open-No Lease, XXXX for Purchase 6 month reserves required. Exception for Reserves Shortage accepted for XXXX. Funds required to close XXXX. Assets Verified XXXX Earnest Money Deposit, XXXX $XXXX and XXXX XXXX. Verify additional sufficient funds to close XXXX and reserves minus exception for shortage XXXX = Total additional funds to verify XXXX - Due Diligence Vendor-03/31/2025 Open-OPened for materiality - Due Diligence Vendor-03/31/2025 Rescinded-Audited Reserves of month(s) are less than Guideline Required Reserves of 6 month(s) Added Finding. Settlement Statement XXXX funds required to close XXXX. Requesting Guideline XXXX page 36 verify sufficient funds to close and 6 months post close reserves minus UW Approved Exception for Reserves Shortage. - Due Diligence Vendor-03/25/2025 |
Ready for Review-Document Uploaded. 3/31/25 - XXXX- Subject property was a purchase and vacant at time of closing. No lease is required due to subject being vacant. 6 months reserves were required. Verified assets as follows: XXXX available credit + XXXX XXXX + XXXX XXXX - funds to close per final HUD XXXX - Required reserves XXXX = (XXXX). Uploaded XXXX statement, XXXX XXXX statement, XXXX XXXX statement, Credit Memo reflecting exception, Sizer and Final HUD. - Seller-03/31/2025 |
Waived-Exception for post closing reserves less than 6 months. - Due Diligence Vendor-04/07/2025 Resolved-XXXX available balance XXXX, documentation XXXX wired to Escrow for funds to close. XXXX available for funds required to close and reserves. Exception for Reserves Shortage accepted for XXXX. Funds required to close XXXX + 6 months reserves minus approved shortage XXXX . Assets Verified XXXX Earnest Money Deposit, XXXX XXXX and XXXX XXXX. - Due Diligence Vendor-04/02/2025 Rescinded-Audited Reserves of month(s) are less than Guideline Required Reserves of 6 month(s) Added Finding. Settlement Statement XXXX funds required to close XXXX. Requesting Guideline XXXX page 36 verify sufficient funds to close and 6 months post close reserves minus UW Approved Exception for Reserves Shortage. - Due Diligence Vendor-03/25/2025 |
XXXX | 1) FICO 768, Minimum 660 2) Experienced Borrower, 3 properties 36+ months. 3) Borrower owns primary residence which per XXXX is valued at $XXXX. $XXXX value - outstanding liens $XXXX = $XXXX equity. |
PA | Investment | Purchase | NA | 3692956 | Originator Post-Close | Yes | ||
| XXXX | 7904363 | 304643667 | Closed | 2025-03-25 19:20 | 2025-04-07 19:26 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Resolved-Asset Record 2 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-04/07/2025 Resolved-Removed XXXX Account Holder XXXX from Available Assets for Funds to Close and Reserves. - Due Diligence Vendor-03/31/2025 Ready for Review-Document Uploaded. 3/27/25 - XXXX - Deleted the XXXX account, uploaded sizer and credit memo with exception for reserves that is mentioned in the XXXX notes section. This should clear this finding. - Seller-03/27/2025 Open-Asset Record 2 Does Not Meet G/L Requirements Unable to verify if XXXX Sole Account Holder XXXX is Borrowers Spouse. Letter stating Borrower has 100% Access to Funds not found. - Due Diligence Vendor-03/25/2025 |
Ready for Review-Document Uploaded. 3/27/25 - XXXX- Deleted the XXXX account, uploaded sizer and credit memo with exception for reserves that is mentioned in the UW notes section. This should clear this finding. - Seller-03/27/2025 |
Resolved-Asset Record 2 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-04/07/2025 Resolved-Removed XXXX Account Holder XXXX from Available Assets for Funds to Close and Reserves. - Due Diligence Vendor-03/31/2025 |
XXXX | PA | Investment | Purchase | NA | 3692316 | N/A | N/A | |||
| XXXX | 7904659 | 304643664 | Closed | 2025-03-27 03:40 | 2025-04-02 14:05 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Note is Missing | Resolved-Clarification from client received. Resolved - Due Diligence Vendor-04/02/2025 Ready for Review-3/31/25 - XXXX - Please note that all of XXXX loans are closed utilizing the "XXXX", this applies to prepayment penalties, late dees and usuary limitations, to name a few. That means that XXXX Prepayment laws and limitation would apply to this transaction. - Seller-03/31/2025 Open-The Note is Missing Per XXXX and state regulations, individuals with mortgage over XXXX interest rate cannot have prepayment penalty on their loans. - Due Diligence Vendor-03/27/2025 |
Ready for Review-3/31/25 - XXXX - Please note that all of XXXX loans are closed utilizing the "XXXX", this applies to prepayment penalties, late dees and usuary limitations, to name a few. That means that XXXX Prepayment laws and limitation would apply to this transaction. - Seller-03/31/2025 |
Resolved-Clarification from client received. Resolved - Due Diligence Vendor-04/02/2025 |
IL | Investment | Refinance | Cash Out - Other | 3705199 | N/A | N/A | ||||
| XXXX | 7904659 | 304643664 | Closed | 2025-03-27 03:40 | 2025-03-28 14:30 | Resolved | 1 - Information | C | A | Credit | Doc Issue | Application Missing | Resolved-File has been updated to reflect No Experience. Guidelines have been met - Due Diligence Vendor-03/28/2025 Ready for Review-Document Uploaded. 3/27/25 - XXXX- Please see uploaded borrower experience screen, this borrower only owns the subject property since XXXX so he is considered as not having experience which is permitted on this program. - Seller-03/27/2025 Open-Provided application lists the borrower as Experienced with the subject listed in REO history. Request to provide sufficient mortgage history via updated Application and Property profile reports showcasing multiple owned properties or 3 years of ownership - Due Diligence Vendor-03/27/2025 |
Ready for Review-Document Uploaded. 3/27/25 - XXXX - Please see uploaded borrower experience screen, this borrower only owns the subject property since XXXX so he is considered as not having experience which is permitted on this program. - Seller-03/27/2025 |
Resolved-File has been updated to reflect No Experience. Guidelines have been met - Due Diligence Vendor-03/28/2025 |
XXXX | IL | Investment | Refinance | Cash Out - Other | 3705198 | N/A | N/A | |||
| XXXX | 7904659 | 304643664 | Closed | 2025-03-24 10:00 | 2025-03-28 14:27 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Audited Loan Amount of XXXX is less than the Guideline Minimum Loan Amount of XXXX Exception Approved for Loan Amount iao XXXX - Due Diligence Vendor-03/28/2025 Ready for Review-Document Uploaded. 3/27/25 - XXXX - Uploaded Credit Memo reflecting exception for loan amount. - Seller-03/27/2025 Open-Audited Loan Amount is less than Guideline Minimum Loan Amount Audited Loan Amount of XXXX is less than the Guideline Minimum Loan Amount of XXXX - Due Diligence Vendor-03/24/2025 |
Ready for Review-Document Uploaded. 3/27/25 - XXXX - Uploaded Credit Memo reflecting exception for loan amount. - Seller-03/27/2025 |
Waived-Audited Loan Amount of XXXX is less than the Guideline Minimum Loan Amount of XXXX Exception Approved for Loan Amount iao XXXX - Due Diligence Vendor-03/28/2025 |
XXXX | 1. 765 FICO - 105 points above guideline minimum 2. Reserves - 130 months - Only 4 are required per guidelines 3. Owns Primary Residence which per XXXX is valued at $XXXX minus outstanding liens of $XXXX = $XXXX equity |
IL | Investment | Refinance | Cash Out - Other | 3676872 | Originator Pre-Close | Yes | ||
| XXXX | 7907903 | 304643576 | Closed | 2025-03-24 11:11 | 2025-03-28 11:28 | Resolved | 1 - Information | C | A | Credit | Credit | Borrowing Entity / Individual has insufficient experience | Resolved-Required Document Provided, Changes made in system, Finding Resolved - Due Diligence Vendor-03/28/2025 Ready for Review-Document Uploaded. 3/27/25 - XXXX - Uploaded REO schedule which corresponds to property profiles referenced. - Seller-03/27/2025 Open-Borrower is rental Experienced, and provided property reports of XXXX, which are Within 36 months of experience, but not reflecting on Loan Application - Due Diligence Vendor-03/24/2025 |
Ready for Review-Document Uploaded. 3/27/25 - XXXX - Uploaded REO schedule which corresponds to property profiles referenced. - Seller-03/27/2025 |
Resolved-Required Document Provided, Changes made in system, Finding Resolved - Due Diligence Vendor-03/28/2025 |
XXXX | OK | Investment | Refinance | Cash Out - Other | 3677140 | N/A | N/A | |||
| XXXX | 7904173 | 304643677 | Closed | 2025-03-24 05:59 | 2025-03-28 12:57 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-03/28/2025 Ready for Review-Document Uploaded. updated HUD with POC is in the file we delivered labelled as: XXXX_UPDATED_FINAL_SIGNED_HUD_AUDITED see line 805 - Seller-03/27/2025 Open-Final HUD-1 Document is Missing. HUD Doc is on Page # 244 but missing appraisal fee in doc. - Due Diligence Vendor-03/24/2025 |
Ready for Review-Document Uploaded. updated HUD with POC is in the file we delivered labelled as: XXXX_UPDATED_FINAL_SIGNED_HUD_AUDITED see line 805 - Seller-03/27/2025 |
Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-03/28/2025 |
XXXX | OH | Investment | Refinance | No Cash Out - Borrower Initiated | 3676236 | N/A | N/A | |||
| XXXX | 7906323 | 304643620 | Closed | 2025-03-24 11:31 | 2025-04-04 20:18 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Waived-Exception on file - Due Diligence Vendor-04/04/2025 Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-04/02/2025 Ready for Review-Document Uploaded. 3/31/25 - XXXX - Uploaded Credit Memo reflecting an approved exception for the borrower having an SSN rather than an ITIN. - Seller-03/31/2025 Counter-Thank you for the updated Application. Foreign National parameters for the XXXX guidelines state a requirement for the borrower's ITIN. Section XXXX - Due Diligence Vendor-03/31/2025 Ready for Review-Document Uploaded. 3/28/25 - XXXX - Please note that the borrower is a XXXX citizen and does not need a VIA per US Immigration policy. Uploaded corrected, signed and dated loan application showing borrowers primary address in XXXX. - Seller-03/28/2025 Open-Borrower 1 Non-US Citizen Identification Document Missing. Please provide acceptable documentation. Borrower is Foreign national, provided only Passport of Own country, Need identification belongs to US (Visa, employment authorization card etc.,) along with ITIN document per guidelines - Due Diligence Vendor-03/24/2025 |
Ready for Review-Document Uploaded. 3/31/25 - XXXX - Uploaded Credit Memo reflecting an approved exception for the borrower having an SSN rather than an ITIN. - Seller-03/31/2025 Ready for Review-Document Uploaded. 3/28/25 - XXXX - Please note that the borrower is a XXXX citizen and does not need a VIA per XXXX Immigration policy. Uploaded corrected, signed and dated loan application showing borrowers primary address in XXXX. - Seller-03/28/2025 |
Waived-Exception on file - Due Diligence Vendor-04/04/2025 Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-04/02/2025 |
XXXX | FICO 797 DSCR of 1.407 min program guides 1.0 |
OH | Investment | Refinance | Cash Out - Other | 3677252 | Originator Post-Close | Yes | ||
| XXXX | 4250184742 | 304639379 | Closed | 2025-03-20 09:05 | 2025-03-26 01:53 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Audited Loan Amount is less than Guideline Minimum Loan Amount Exception in loan for min loan amount in page#586. for loan amount XXXX vs XXXX min. Subject is in “Good” condition with no required repairs or deferred maintenance. - Due Diligence Vendor-03/20/2025 | Waived-Audited Loan Amount is less than Guideline Minimum Loan Amount Exception in loan for min loan amount in page#586. for loan amount XXXX min. Subject is in “Good” condition with no required repairs or deferred maintenance. - Due Diligence Vendor-03/20/2025 |
LTV is 63.33%. Maximum allowed per guidelines is 75%. Credit Score is 709. Minimum required per guidelines is 660. Borrower Housing History is 0X30, 33 months. Housing History required per guidelines is 0X30, 12 months. |
AL | Investment | Refinance | Cash Out - Other | 3654499 | Originator Pre-Close | Yes | ||||
| XXXX | 7896511 | 304643824 | Closed | 2025-04-03 12:29 | 2025-04-04 14:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-04/04/2025 Ready for Review-Document Uploaded. - Seller-04/03/2025 Open-Missing Hazard Insurance Policy Provided insurance policy lists coverage iao XXXX does not exceed the loan amount. Replacement cost not provided in file - Due Diligence Vendor-04/03/2025 |
Ready for Review-Document Uploaded. - Seller-04/03/2025 |
Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-04/04/2025 |
XXXX | FL | Investment | Refinance | Cash Out - Other | 3762697 | N/A | N/A | |||
| XXXX | 7906712 | 304643605 | Closed | 2025-04-01 05:11 | 2025-04-15 13:10 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-04/15/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 Counter-Provide an updated HUD-1 as the HUD shows escrows for hazard insurance amount in mortgage insurance field on line 1002. Line 903 is for the actual Hazard insurance premium. - Due Diligence Vendor-04/09/2025 Ready for Review-incorrect. final hud in file shows hazard on hazard line 903 - Seller-04/07/2025 Open-Final HUD-1 Document is Missing. Provide an updated HUD-1 as the on file shows hazard insurance amount in mortgage insurance field in section 1000. - Due Diligence Vendor-04/01/2025 |
Ready for Review-Document Uploaded. - Seller-04/14/2025 Ready for Review-incorrect. final hud in file shows hazard on hazard line 903 - Seller-04/07/2025 |
Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-04/15/2025 |
XXXX | TN | Investment | Refinance | Cash Out - Other | 3736898 | N/A | N/A | |||
| XXXX | 7906712 | 304643605 | Closed | 2025-04-01 05:06 | 2025-04-08 11:43 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Required Document provided, Changes Made in system, Finding Resolved - Due Diligence Vendor-04/08/2025 Resolved-Hazard Insurance Effective Date of XXXX is prior to or equal to the Note Date of XXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-04/08/2025 Ready for Review-EOI - Current and Renewal are both in file - Seller-04/07/2025 Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX Hazard insurance effective date is XXXX which is after the note date of XXXX and notary date of XXXX. - Due Diligence Vendor-04/01/2025 |
Ready for Review-EOI - Current and Renewal are both in file - Seller-04/07/2025 |
Resolved-Required Document provided, Changes Made in system, Finding Resolved - Due Diligence Vendor-04/08/2025 Resolved-Hazard Insurance Effective Date of XXXX is prior to or equal to the Note Date of XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-04/08/2025 |
TN | Investment | Refinance | Cash Out - Other | 3736894 | N/A | N/A | ||||
| XXXX | 7906996 | 304643601 | Closed | 2025-04-02 15:59 | 2025-04-04 12:52 | Resolved | 1 - Information | C | A | Credit | Credit | Borrowing Entity / Individual has insufficient experience | Resolved-received REO schedule with corresponding property reports - resolved - Due Diligence Vendor-04/04/2025 Ready for Review-Document Uploaded. 4/3 - XXXX - Uploaded REO schedule and property profiles to support experience listed on REO schedule. - Seller-04/03/2025 Open-REO Schedule not in file - Due Diligence Vendor-04/02/2025 |
Ready for Review-Document Uploaded. 4/3 - XXXX- Uploaded REO schedule and property profiles to support experience listed on REO schedule. - Seller-04/03/2025 |
Resolved-received REO schedule with corresponding property reports - resolved - Due Diligence Vendor-04/04/2025 |
XXXX | FL | Investment | Refinance | Cash Out - Other | 3752624 | N/A | N/A | |||
| XXXX | 7906315 | 304643621 | Closed | 2025-03-31 13:59 | 2025-04-04 15:48 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-The Final 1003 is Present - Due Diligence Vendor-04/04/2025 Ready for Review-Document Uploaded. 4/2/25 - XXXX - Please refer to the uploaded REO Schedule which is a permanent part of the file and indicates only the subject property which has been owned for more than 12 months. - Seller-04/02/2025 Open-The Final 1003 is Incomplete Final 1003 doc is on page # 540 shows Total REO'S 5 Properties provided proof only for subject property which is on page # 419 Remining properties for below properties need supporting doc to verify borrower name/ Business name. 1. XXXX 2. XXX 3. XXXX 4. XXXX - Due Diligence Vendor-03/31/2025 |
Ready for Review-Document Uploaded. 4/2/25 - XXXX - Please refer to the uploaded REO Schedule which is a permanent part of the file and indicates only the subject property which has been owned for more than 12 months. - Seller-04/02/2025 |
Resolved-The Final 1003 is Present - Due Diligence Vendor-04/04/2025 |
XXXX | MD | Investment | Refinance | Cash Out - Other | 3729565 | N/A | N/A | |||
| XXXX | 7904880 | 304643659 | Closed | 2025-04-02 16:13 | 2025-04-07 14:18 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated Credit Memo provided. - Due Diligence Vendor-04/07/2025 Ready for Review-Document Uploaded. Uploaded updated credit memo reflecting guideline version date XXXX. - Seller-04/03/2025 Open-The Credit Memo shows a Guideline Version date of XXXX. Requesting updated Credit Memo. - Due Diligence Vendor-04/02/2025 |
Ready for Review-Document Uploaded. Uploaded updated credit memo reflecting guideline version date XXXX. - Seller-04/03/2025 |
Resolved-Updated Credit Memo provided. - Due Diligence Vendor-04/07/2025 |
XXXX | NC | Investment | Refinance | Cash Out - Other | 3752796 | N/A | N/A | |||
| XXXX | 7909197 | 304643547 | Closed | 2025-04-01 10:51 | 2025-04-04 08:47 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated Credit memo Provided, Finding Resolved - Due Diligence Vendor-04/04/2025 Ready for Review-Document Uploaded. Uploaded updated credit memo with guideline version date XXXX and XXXX FICO. - Seller-04/03/2025 Open-As per provided credit memo the Guideline version is XXXX however as per the tape data the guideline version is XXXX. Please provide the updated credit memo. Also, inaccurate FICO mid score in Credit memo. - Due Diligence Vendor-04/01/2025 |
Ready for Review-Document Uploaded. Uploaded updated credit memo with guideline version date XXXX and XXX FICO. - Seller-04/03/2025 |
Resolved-Updated Credit memo Provided, Finding Resolved - Due Diligence Vendor-04/04/2025 |
XXXX | TN | Investment | Refinance | Cash Out - Other | 3738428 | N/A | N/A | |||
| XXXX | 7908060 | 304643571 | Closed | 2025-04-13 02:29 | 2025-04-16 09:53 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Required Document Provided, Changes Made in system, Finding Resolved - Due Diligence Vendor-04/16/2025 Resolved-Title Coverage Amount of XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-04/16/2025 Ready for Review-Document Uploaded. - Seller-04/15/2025 Open-Title Coverage Amount of XXXX is Less than Loan Amount of XXXX - Due Diligence Vendor-04/13/2025 |
Ready for Review-Document Uploaded. - Seller-04/15/2025 |
Resolved-Required Document Provided, Changes Made in system, Finding Resolved - Due Diligence Vendor-04/16/2025 Resolved-Title Coverage Amount of XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-04/16/2025 |
XXXX | MO | Investment | Refinance | Cash Out - Other | 3849777 | N/A | N/A |