Exhibit 99.1 Schedule 2
Exception Grades
Run Date - 6/16/2025 9:26:25 AM
| SitusAMC Loan ID | Customer Loan ID | Seller Loan ID | Investor Loan Number | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | 15E Category | Exception | Exception Detail | Exception Information | Compensating Factors | Compensating Factor Information | Applying Party | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Exception Level Grade | DBRS Initial Exception Rating | DBRS Final Exception Rating | Fitch Initial Exception Rating | Fitch Final Exception Rating | Kroll Initial Exception Rating | Kroll Final Exception Rating | Moody's Initial Exception Rating | Moody's Final Exception Rating | S&P Initial Exception Rating | S&P Final Exception Rating | Note Date | Property State | Occupancy | Purpose | Exception Remediation | Overall Initial Loan Grade |
Overall Final Loan Grade |
Credit Initial Loan Grade |
Credit Final Loan Grade |
Compliance Initial Loan Grade |
Compliance Final Loan Grade |
Property Initial Loan Grade |
Property Final Loan Grade |
Originator QM ATR Status | TPR QM ATR Status | Is Curable |
| (redacted) | 1 | (redacted) | 22576105 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | DTI above [redacted]% with credit score above [redacted], exception in file reflecting approved for the above [redacted]% DTI. Credit score does not qualify for [redacted]% DTI. | [redacted]% LTV < [redacted]% guideline max Minimal housing increase of [Redact] monthly, from [Redact] to [Redact] which is offset by monthly liabilities reduction of [Redact] Borrower on this full documentation loan has a disposable income of [Redact] guideline requirement is $[redacted]. |
Originator Pre-Close Originator Pre-Close Originator Pre-Close |
Reviewer Comment (2018-12-10): Lender made exception for [redacted]>[Redact] Buyer Comment (2018-12-03): Please waive. [redacted] exception was granted and noted. |
12/10/2018 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 1 | (redacted) | 22576106 | Compliance | Compliance | Federal Compliance | TRID Defect | General [redacted] Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay [redacted] The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [Redact] moderately exceeds the guideline maximum of [Redact] (DTI Exception is eligible to be regraded with compensating factors.) | DTI above [Redact] exception in file as credit score above [Redact] Does not qualify for [Redact] due to credit score below [Redact] | Reviewer Comment (2018-12-05): [redacted] received Letter of Explanation & Corrected Closing Disclosure Buyer Comment (2018-12-04): PCCD AND LOE |
12/05/2018 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 1 | (redacted) | 22576107 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Possible Federal Loan Originator Compensation - LO Comp Disclosure Not Provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. | Borrower: [Redact] | Application reflecting borrower is a resident alien with documentation verifying residence missing from file. | Reviewer Comment (2019-02-22): Client requested to have the LO Comp disclosure testing removed from the scope of review. The loan was initially reviewed with the LO Comp disclosure testing. |
02/22/2019 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 1 | (redacted) | 22576108 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | [redacted] Federal LO Compensation (Disclosure) | Loan Originator Compensation ([redacted]) - Loan Originator Compensation disclosure not provided: Unable to determine from evidence in the loan file if compensation was based on a term of the transaction. | The file is missing documentation to verify the Loan Originator Compensation was not based on a term of the transaction. | [redacted]% LTV < [redacted]% guideline max Minimal housing increase of [Redact] monthly, from [Redact] to [Redact] which is offset by monthly liabilities reduction of [Redact] Borrower on this full documentation loan has a disposable income of [Redact] guideline requirement is $[redacted]. |
Originator Pre-Close Originator Pre-Close Originator Pre-Close |
Reviewer Comment (2018-12-10): Lender made exception for DTI>[Redact] Buyer Comment (2018-12-05): exception was approved PTC. Please waive. |
12/10/2018 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 1 | (redacted) | 22576109 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | [redacted] Final Closing Disclosure Closing Date | [redacted] Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redact] disclosed a Closing Date that did not match the actual date of consummation. (Final/[Redact]) | The final Closing Disclosure reflects a Closing Date of [Redact] but the transaction consummation (mortgage notary) date was [Redact]. A post-close CD was provided and a copy of the letter of explanation to the borrower disclosing the changes made. | Reviewer Comment (2018-12-13): Lender provided an exception approval for the DTI exceeding the guideline max Reviewer Comment (2018-12-10): Lender made exception for DTI>[Redact] Buyer Comment (2018-12-05): exception was provided PTC. please waive. |
12/13/2018 | 1 | A | A | C | A | B | A | C | A | A | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 1 | (redacted) | 22576110 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | [redacted] Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year [redacted] of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. (Final/[Redact]) | The final CD disclosed the Amount of Escrowed Property Costs over Year [redcated] as [Redact] on page [redacted]; however the taxes and HOI are [Redact] per year. Provide a post-close CD correcting the Escrow Account section and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. | Reviewer Comment (2018-12-13): Lender provided an exception approval for the DTI exceeding the guideline max Reviewer Comment (2018-12-10): Lender made exception for DTI>[Redact] Buyer Comment (2018-12-05): The exception was approved PTC. please waive. |
12/13/2018 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 1 | (redacted) | 22576111 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Final Closing Disclosure Closing Date | [redacted]Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redact] disclosed a Closing Date that did not match the actual date of consummation. (Final/[Redact]) | The final Closing Disclosure reflects a Closing Date of [redacted], but the transaction consummation (mortgage notary) date was [Redact]. A post-close CD was provided and a copy of the letter of explanation to the borrower disclosing the changes made. | Reviewer Comment (2018-12-05): [redacted] received Letter of Explanation & Corrected Closing Disclosure |
12/05/2018 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 1 | (redacted) | 22576112 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US [redacted] Status not provided | The file was missing a copy of the co-borrowers Permanent Resident Alien verification documentation. | Reviewer Comment (2018-12-10): Lender provided a copy of the resident alien card. Buyer Comment (2018-12-03): Resident Alien card uploaded. |
12/10/2018 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 1 | (redacted) | 22576113 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Non-US [redacted] Status not provided | The file was missing a copy of the co-borrowers Permanent Resident Alien verification documentation. | Reviewer Comment (2018-12-10): Lender provided a copy of the resident alien card. Buyer Comment (2018-12-03): Resident Alien Card uploaded. |
12/10/2018 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 2 | (redacted) | 28335788 | Credit | Guideline | Guideline Issue | Guideline | Rural property type is not permitted per Guidelines. | Property is listed on the ineligible zip code list. | Borrower's Experience/Track Record Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. |
Approved lender exception Approved lender exception |
SitusAMC,Originator Originator |
Reviewer Comment (2023-04-20): Approved lender exception |
04/20/2023 | 2 | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | A | B | A | B | A | A | N/A | No | ||||||||||||||||
| (redacted) | 3 | (redacted) | 30388079 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2023-11-15): Exception Cleared: Received Property Inspection report dated [redacted]. Buyer Comment (2023-11-13): Please see Reinspection report attached dated [redacted] after disaster end date [redacted] showing no damage on property |
11/15/2023 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 3 | (redacted) | 30388080 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([redacted] ): Creditor did not provide a copy of each valuation to applicant [redacted] [redacted] business days prior to consummation. | The document signed at closing indicating receipt of the appraisal is not valid. It contains two options and the borrower did not select the option that applied. Document was not found to verify the appraisal was received at least[redacted] business days prior to closing. | Reviewer Comment (2023-12-03): Received delivery of an appraisal on [redacted]. Reviewer Comment (2023-12-03): Need evidence [redacted] appraisal was delivered Buyer Comment (2023-11-14): Please see attached documents that includes proof of appraisal deliver to bwr for [redacted] appraisal reports [redacted] |
12/03/2023 | 1 | B | A | B | A | B | A | B | A | B | A | GA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 3 | (redacted) | 30388081 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([redacted] ): Creditor did not provide a copy of each valuation to applicant [redacted] [redacted] business days prior to consummation. | The document signed at closing indicating receipt of the appraisal is not valid. It contains two options and the borrower did not select the option that applied. Document was not found to verify the appraisal was received at least[redacted] business days prior to closing. | Buyer Comment (2024-01-03): * Reviewer Comment (2023-12-03): Appraisal had an effective date of [redacted] however the completed reports have later dates. Evidence of delivery not provided. Buyer Comment (2023-11-14): Please see attached documents that includes proof of appraisal deliver to bwr for [redacted] appraisal reports [redacted] |
01/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 3 | (redacted) | 30388083 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $[redacted]on Loan Estimate but disclosed as $[redacted]on Final Closing Disclosure. File does not contain a valid Change of Circumstance for this fee. | Reviewer Comment (2023-12-18): [redacted] Received [redacted], Letter of Explanation and Payment history for the evidence of Principal Reduction resulting in a cured the exception. Buyer Comment (2023-12-18): Please see the [redacted] and Pymt History attached. An additional cure was done on the file for the amount of $[redacted] which includes $[redacted] for an increased in appraisal fee and $[redacted] for adding and appraisal report fee without a valid COC Reviewer Comment (2023-12-01): [redacted] Received snip of email conformation on [redacted] indicates [redacted] appraisal review due to value at $[redacted]. Appraisal value over $[redacted] is not valid COC to re-baseline this exception. If there was an additional reason the fees increased we will need the additional information with documentation of the reason for the increase in the appraisal fee What information was received that required the increase in the fee and when was that information received. Otherwise a corrected CD, LOE, refund check, and proof of mailing is needed to cure. Buyer Comment (2023-11-29): [redacted] requested a [redacted] appraisal due value was at [redacted] Please see screenshot attached. advise if you may need additional information. Reviewer Comment (2023-11-16): [redacted] Received LE dated [redacted] and appraisal ordered document. but it does not give sufficient information on why the [redacted] appraisal fee $[redacted] was added on LE dated. In order to determine if the changed circumstance is valid more information is necessary on reason for the fee added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2023-11-14): Please see LE dated [redacted] attached. Increased in [redacted] appraisal report and appraisal fee was a legal increased. COC, proof of deliver and rate lock also were attached |
12/18/2023 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 3 | (redacted) | 30388084 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Second Appraisal Fee was not disclosed on the initial Loan Estimate. File does not contain a valid Chand of Circumstance for this fee. | Reviewer Comment (2023-12-18): [redacted] Received [redacted], Letter of Explanation and Payment history for the evidence of Principal Reduction resulting in a cured the exception. Buyer Comment (2023-12-18): Please see the [redacted] and Pymt History attached. An additional cure was done on the file for the amount of $[redacted] which includes $[redacted] for an increased in appraisal fee and $[redacted] for adding and appraisal report fee without a valid COC Reviewer Comment (2023-12-01): [redacted] Received snip of email conformation on[redacted], but it does not give sufficient information on why the Second appraisal fee added on [redacted] LE. Please provide documentation of the reason for the addition of the [redacted] appraisal fee added. What information was received that required the[redacted] appraisal and when was that information received or Cure would be due to bororwer. Buyer Comment (2023-11-29): Please see screenshot showing date an reason why we requested additional appraisal report Reviewer Comment (2023-11-16): [redacted] Received LE dated [redacted] and appraisal ordered document. but it does not give sufficient information on why the [redacted] appraisal fee $[redacted] was added on LE dated. In order to determine if the changed circumstance is valid more information is necessary on reason for the fee added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2023-11-14): Please see LE dated [redacted] attached. Increased in [redacted] appraisal report and appraisal fee was a legal increased. COC, proof of deliver and rate lock also were attached |
12/18/2023 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 3 | (redacted) | 30388085 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Transfer Tax was last disclosed as $[redacted]on the Loan Estimate but disclosed as $[redacted]on Final Closing Disclosure. File does not contain a valid Change of Circumstance. | Reviewer Comment (2023-11-16): [redacted] Received [redacted], Letter of Explanation and Payment history for the evidence of Principal Reduction prior to the date of discovery for the Transfer taxes increased resulting in a cleared the exception. Buyer Comment (2023-11-14): Please see [redacted] & Pymt history attached showing a cure for total amount of $[redacted] which includes $[redacted] for increased in transfer Fee and $[redacted] due to increased in settlement fees. |
11/16/2023 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 3 | (redacted) | 30388086 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted]% tolerance was exceeded by $[redacted]. No valid Change of Circumstance provided. | Reviewer Comment (2023-11-16): [redacted] Received [redacted], Letter of Explanation and Payment history for the evidence of Principal Reduction prior to the date of discovery for the fees were exceeds [redacted] tolerance resulting in a cleared the exception. Buyer Comment (2023-11-14): Please see [redacted] & Pymt history attached showing a cure for total amount of $[redacted] which includes $[redacted] for increased in transfer Fee and $[redacted] due to increased in settlement fees. |
11/16/2023 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 3 | (redacted) | 30388087 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary [redacted] / MCAW not provided | Corrected Loan Underwriting and Transmittal Summary is required. All Other Monthly Payments used in Qualifying does not match what is reflected on the final loan application. Total debts of $[redacted], $[redacted]investment property and $[redacted]second home for a total of $[redacted]. | Reviewer Comment (2023-12-03): Received Buyer Comment (2023-11-30): Please see an update [redacted] form attached. |
12/03/2023 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 3 | (redacted) | 30388088 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule ([redacted] ): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Received delivery of an appraisal on [redacted]. | Buyer Comment (2024-01-03): * |
01/03/2024 | 2 | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 3 | (redacted) | 30388089 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([redacted] ): Creditor did not provide a copy of each valuation to applicant [redacted] [redacted] business days prior to consummation. | Received delivery of an appraisal on [redacted]. | Buyer Comment (2024-01-03): * |
01/03/2024 | 2 | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 4 | (redacted) | 30390449 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: [redacted] not provided | Missing Credit report in file. | Reviewer Comment (2024-01-03): Received recent credit report and supplement, updated and associated the same. Exception cleared. Buyer Comment (2023-12-28): Credit report and supplement uploaded |
01/03/2024 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 4 | (redacted) | 30390450 | Credit | Credit | Credit Documentation | Credit | There is no [redacted] in place for the [redacted] and the absence of this document casts doubt on business purpose of loan. | Per appraisal report property is tenant occupied, required lease agreement. | Reviewer Comment (2024-01-03): Received Lease agreement for the subject property, updated and associated the same. Exception cleared. Buyer Comment (2023-12-28): Lease uploaded |
01/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 4 | (redacted) | 30390451 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception requested for allow [redacted] appraisal on property owned [redacted] months Exception approved with compensating factors CFA or CIA : Prior homeownership experience (not resulting in FC or Short Sale) CFA or CIA : Substantial Cash Reserves |
Miscellaneous | Prior homeownership Experience [redacted] | Originator | Reviewer Comment (2025-02-20): Client elected to regrade to EV2. EV 2 exception set Reviewer Comment (2025-02-20): reopen to regrade Reviewer Comment (2024-08-12): CF Update. Reviewer Comment (2023-12-21): Lender Exception with Compensating Factors. |
02/20/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| (redacted) | 4 | (redacted) | 30390452 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: [redacted] discrepancy. | Missing Credit Report in file. | Reviewer Comment (2024-01-03): Received recent credit report and supplement, updated and associated the same. Exception cleared. Buyer Comment (2023-12-28): Credit report and Supplement uploaded |
01/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 4 | (redacted) | 30390453 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: [redacted] not provided | In file copy dated more than [redacted] days prior to the Note date. | Reviewer Comment (2024-01-03): Certificate of good standing dated [redacted]is available in the file which is [redacted] days prior to the note date. Associated the same. Exception Cleared. Buyer Comment (2023-12-28): Also please note the certificate is valid through [redacted] Buyer Comment (2023-12-28): Please see upload date of certificate of good standing print out to support it was pulled prior to closing |
01/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 4 | (redacted) | 32901748 | Credit | Credit | Miscellaneous | Credit | Miscellaneous Credit (Non-Material): | Regrade from EV3 to EV2 with comp factors. Exception requested for allow [redacted] appraisal on property owned <[redacted] months Exception approved with compensating factors CFA or CIA : Prior homeownership experience (not resulting in [redacted] or Short Sale) |
Reviewer Comment (2025-02-20): Regraded and waived. |
02/20/2025 | 2 | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||||||||
| (redacted) | 5 | (redacted) | 30396860 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial [redaction] | Buyer Comment (2023-08-25): * Reviewer Comment (2023-08-16): [redacted] provided was signed on [redacted]. Application date is [redacted]. Condition remains. Buyer Comment (2023-08-14): Initial [redacted] uploaded. |
08/25/2023 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | B | B | A | A | N/A | N/A | No | ||||||||||||
| (redacted) | 5 | (redacted) | 30396861 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider -[redaction] -[redaction]Family not provided | Missing the [redacted] -[redacted] Family and Prepayment Penalty Riders. | Reviewer Comment (2023-08-21): Provided. Buyer Comment (2023-08-17): Prepayment penalty uploaded. Reviewer Comment (2023-08-16): [redacted] -[redacted] Family Rider was provided. Condition remains for missing the Prepayment Penalty Rider. Buyer Comment (2023-08-14): [redacted] -[redacted] Family Rider uploaded. |
08/21/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | B | B | A | A | N/A | N/A | No | |||||||||||
| (redacted) | 5 | (redacted) | 30396863 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Reviewer Comment (2023-08-16): Final title was provided. Buyer Comment (2023-08-14): Title Policy uploaded. |
08/16/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | B | B | A | A | N/A | N/A | No | ||||||||||||
| (redacted) | 5 | (redacted) | 30396864 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule ([redacted] ): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | The only documentation indicating the appraisal was provided was dated[redacted]which was prior to the revised appraisal date on[redacted]. The Appraisal Acknowledgement signed at closing was not valid as it provided for [redacted] options and the borrower did not select an option. | Buyer Comment (2023-08-25): * |
08/25/2023 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | B | B | A | A | N/A | N/A | No | ||||||||||
| (redacted) | 5 | (redacted) | 30396865 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | Buyer Comment (2023-08-25): * |
08/25/2023 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | B | B | A | A | N/A | N/A | No | |||||||||||
| (redacted) | 5 | (redacted) | 30396866 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | Verification of Borrower's Identification was not found as required per guidelines. | Reviewer Comment (2023-08-16): [redacted] Patriot Act Disclosure was provided for both borrower's. Buyer Comment (2023-08-14): USA Patriot Act Disclosure uploaded. |
08/16/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | B | B | A | A | N/A | N/A | No | |||||||||||
| (redacted) | 5 | (redacted) | 30396867 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | A signed letter of explanation from the borrower or CPA describing the nature of the business and how long the business has been in existence was not found as required per guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
[redacted] years on job. Residual income greater than [redacted]%. Low housing ratio of [redacted]% or less. |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-08-12): CF Updated.. Reviewer Comment (2023-08-28): Lender approved exception. Buyer Comment (2023-08-26): PC Exception Approval uploaded for verification of business discreption unsigned by borrower or CPA. Reviewer Comment (2023-08-25): Guidelines reflect The Borrower or Tax preparer must provide a signed letter of explanation describing the nature of the business, how income is generated, and how long the business has been in existence. Trailing unsigned and not dated Key Facts Business Profile [Redcated] provided. Exception remains. Buyer Comment (2023-08-23): Business description uploaded. Reviewer Comment (2023-08-16): Business Entity Listing provided showing length business has been in business. Condition remains for missing explanation for the nature of the business. Buyer Comment (2023-08-14): CPA Letter uploaded. |
08/28/2023 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | B | B | A | A | N/A | N/A | No | |||||||
| (redacted) | 5 | (redacted) | 30396868 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | A signed letter of explanation from the borrower or CPA describing the nature of the business and how long the business has been in existence was not found as required per guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
[redacted] years on job. Residual income greater than [redacted]%. Low housing ratio of [redacted]% or less. |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-08-12): CF Updated.. Reviewer Comment (2023-08-28): Lender approved exception. Buyer Comment (2023-08-26): PC Exception Approval uploaded for verification of business discreption unsigned by borrower or CPA. Reviewer Comment (2023-08-25): Guidelines reflect The Borrower or Tax preparer must provide a signed letter of explanation describing the nature of the business, how income is generated, and how long the business has been in existence. Trailing unsigned and not dated Key Facts Business Profile [Redcated] provided. Exception remains. Buyer Comment (2023-08-23): Business description uploaded. Reviewer Comment (2023-08-16): Business Entity Listing provided showing length business has been in business. Condition remains for missing explanation for the nature of the business. Buyer Comment (2023-08-14): CPA LOE and business license uploaded. |
08/28/2023 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | B | B | A | A | N/A | N/A | No | ||||||||
| (redacted) | 5 | (redacted) | 30396869 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Documentation not found to verify the borrower's identification was not found per guidelines. In addition, a Closing Protection Letter was not found as required per guidelines. | Reviewer Comment (2023-08-16): Verification of identification and Closing Protection Letter were provided. Buyer Comment (2023-08-14): All documents uploaded to specific exceptions. |
08/16/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | B | B | A | A | N/A | N/A | No | |||||||||||
| (redacted) | 5 | (redacted) | 30396870 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Closing Protection Letter was not found as required per guidelines. | Reviewer Comment (2023-08-16): Closing Protection Letter was provided. Buyer Comment (2023-08-14): CPL uploaded. |
08/16/2023 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | B | B | A | A | N/A | N/A | No | |||||||||||
| (redacted) | 5 | (redacted) | 30396871 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary ([redaction]) / MCAW not provided | Need the Loan Underwriting and Transmittal Summary to match the documents in file. The All Other Monthly Payments do not match what was present in file. | Reviewer Comment (2023-08-21): Provided. Buyer Comment (2023-08-17): [redacted] uploaded. |
08/21/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | B | B | B | A | A | N/A | N/A | No | |||||||||||
| (redacted) | 6 | (redacted) | 30397162 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage ([redacted] ): Originator Loan Designation of [redacted] QM (APOR) does not match Due Diligence Loan Designation of Higher Priced QM (APOR). | The loan was approved with a Loan Designation of[redacted] QM (APOR). Due to the missing Verbal Verification of Employment within [redacted]business days of closing and DTI in excess of guidelines, the loan is waterfalling through QM Testing, resulting in a Due Diligence Loan Designation discrepancy. | Reviewer Comment (2023-09-20): Lender stated the designation was incorrect and provided updated tape. Reviewer Comment (2023-09-08): Loan Designation update. VVOE provided and related exception Cleared. DTI exception waived. Loan designation High Priced QM (APOR). Reviewer Comment (2023-09-08): EXCEPTION HISTORY - Exception Detail was updated on[redacted] PRIOR Exception Detail: Qualified Mortgage ([redacted][redacted]): Originator Loan Designation of [redacted] QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. Buyer Comment (2023-09-05): UPE approved PTC uploaded Buyer Comment (2023-09-05): Verbal VOE dated within [redacted]days of Note uploaded |
09/20/2023 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM status | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 6 | (redacted) | 30397163 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Final Closing Disclosure Non Escrow Costs Year [redacted]Underdisclosed - [redacted] | [redacted] Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [redacted] of on Final Closing Disclosure provided on [redacted] are underdisclosed. | The Non-Escrowed Property Costs over Year [redacted] was not completed and the property had HOA expenses. | Reviewer Comment (2023-09-27): [redacted] Received [redacted] and LOE Buyer Comment (2023-09-26): Updated CD supporting HOA expenses Buyer Comment (2023-09-26): evidence of principal reduction for [redacted]cures |
09/27/2023 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Debt Consolidation | Letter of Explanation & Corrected Closing Disclosure | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 6 | (redacted) | 30397164 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Lender Credit Tolerance Violation | [redacted] Integrated Disclosure: [redacted]Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted] is less than amount of binding Lender Credit previously disclosed in the amount of $[redacted]. | [redacted]Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted] is less than amount of binding Lender Credit previously disclosed in the amount of $[redacted] A valid Change of Circumstance was not found causing a tolerance cure required in the amount of $[redacted]for this [redacted]percent tolerance fee. | Reviewer Comment (2023-09-28): [redacted] Received Proof of Delivery, Copy of Refund Check, and Corrected CD Buyer Comment (2023-09-26): Updated CD and payment history supporting principal reduction for [redacted] cures. Buyer Comment (2023-09-26): Updated CD and payment history supporting principal reduction for [redacted]cures. |
09/28/2023 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 6 | (redacted) | 30397165 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]0 plus [redacted]% or $[redacted]. A valid Change of Circumstance was not found causing a tolerance cure required in the amount of $[redacted] for this ten percent tolerance fee. | Reviewer Comment (2023-09-27): [redacted] Received [redacted], LOE and Payment history. Buyer Comment (2023-09-26): Updated CD and payment history supporting principal reduction for [redacted]cures. |
09/27/2023 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 6 | (redacted) | 30397166 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted] A valid Change of Circumstance was not found causing a tolerance cure required in the amount of $$[redacted] for this [redacted]percent tolerance fee. | Reviewer Comment (2023-09-27): [redacted] Received [redacted], LOE and Payment history. Buyer Comment (2023-09-26): Updated CD and payment history supporting principal reduction for [redacted] cures. |
09/27/2023 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 6 | (redacted) | 30397167 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | [redacted]Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. A valid Change of Circumstance was not found causing a tolerance cure required in the amount of $[redacted] for this [redacted] percent tolerance fee. | Reviewer Comment (2023-09-27): [redacted] Received [redacted], LOE and Payment history. Buyer Comment (2023-09-26): Updated CD and payment history supporting principal reduction for [redacted] cures. |
09/27/2023 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 6 | (redacted) | 30397168 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. A valid Change of Circumstance was not found causing a tolerance cure required in the amount of $$[redacted] for this[redacted] tolerance fee. | Reviewer Comment (2023-09-27): [redacted] Received [redacted], LOE and Payment history. Buyer Comment (2023-09-26): Updated CD and payment history supporting principal reduction for [redacted] cures. |
09/27/2023 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 6 | (redacted) | 30397169 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted]business days of the Note. | - | A Verification(s) of employment within [redacted] business days of the Note was not found. | Reviewer Comment (2023-09-07): VVOE from TWN provided for the borrower. Exception cleared. Buyer Comment (2023-09-05): Verbal VOE dated within [redacted]days of Note uploaded Buyer Comment (2023-09-05): Verbal VOE dated within [redacted]days of Note |
09/07/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | B | D | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 6 | (redacted) | 30397170 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([redacted] ): Creditor did not provide a copy of each valuation to applicant [redacted] [redacted] business days prior to consummation. | The Appraisal Acknowledgement disclosure was not valid is it had two options and the borrower did not select the applicable option. | Buyer Comment (2023-11-06): * Reviewer Comment (2023-10-03): Please provide delivery of [redacted]appraisal. Delivery provided is [redacted] which occurred prior to the report. Buyer Comment (2023-09-26): evidence of appraisal delivery uploaded Reviewer Comment (2023-09-07): Appraisal Waiver was provided. We need the proof the borrower received the appraisal report. Exception remains. Buyer Comment (2023-09-05): Appraisal waiver form uploaded |
11/06/2023 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | B | D | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 6 | (redacted) | 30397171 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The loan was approved with a Loan Designation of[redacted]QM (APOR). Due to the missing Verbal Verification of Employment within [redacted]business days of closing and DTI exceeding guidelines, the loan is [redacted] through QM Testing | Reviewer Comment (2023-09-07): VVOE from [redacted] provided. Exception cleared. Buyer Comment (2023-09-05): [redacted] approved [redacted] uploaded Buyer Comment (2023-09-05): Verbal VOE dated within [redacted]days of Note uploaded |
09/07/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | B | D | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 6 | (redacted) | 30397172 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and[redacted](e) of[redacted]% moderately exceeds the guideline maximum of[redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | Due to the missing Verbal Verification of Employment within [redacted]business days of closing and DTI in excess of guidelines, the loan is [redacted] through QM Testing | Borrower has been employed in the same industry for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted]months. |
[redacted] Exception with Compensating Factor. [redacted] Exception with Compensating Factor. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2023-09-20): Lender stated the designation was incorrect and provided updated tape. Reviewer Comment (2023-09-20): Lender provided corrected loan designation Reviewer Comment (2023-09-08): Lender Exception with Compensating Factor. Buyer Comment (2023-09-05): Verbal VOE dated within [redacted]days of Note uploaded |
09/20/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 6 | (redacted) | 30397173 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Due to the missing Verbal Verification of Employment within [redacted]business days of closing and DTI in excess of guidelines, the loan is waterfalling through QM Testing | Reviewer Comment (2023-09-08): VVOE provided. Buyer Comment (2023-09-05): [redacted] approved [redacted] uploaded Buyer Comment (2023-09-05): Verbal VOE dated within [redacted]days of Note uploaded |
09/08/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | B | D | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 6 | (redacted) | 30397174 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | The calculated debt ratio of [redacted]% exceeds guideline DTI of[redacted]%. | Borrower has been employed in the same industry for more than [redacted] years. Miscellaneous Miscellaneous Borrower has worked in the same position for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. |
[redacted] Exception with Compensating Factor. Prior Homeownership Experience [redacted] [redacted] Plus Years on Job CF Update |
Originator,SitusAMC Originator Originator SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-01-03): Lender Exception with Compensating Factors. Reviewer Comment (2023-12-21): CF Update Reviewer Comment (2023-09-08): Lender Exception with Compensating Factor. Buyer Comment (2023-09-05): [redacted] approved [redacted] |
12/21/2023 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 6 | (redacted) | 30397175 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Verbal Verification of Employment within [redacted] business days of closing was not found. | Reviewer Comment (2023-09-07): VVOE from [redacted] provided. Exception cleared. Buyer Comment (2023-09-05): Verbal VOE dated within [redacted]days of Note uploaded |
09/07/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 6 | (redacted) | 30397176 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Guideline required Closing Protection Letter was not found. | Reviewer Comment (2023-09-07): Closing Protection Letter provided. Exception cleared. Buyer Comment (2023-09-05): Closing protection letter uploaded |
09/07/2023 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 6 | (redacted) | 30397177 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Verbal Verification within [redacted]business days was not found. | Reviewer Comment (2023-09-07): VVOE from [redacted] provided. Exception cleared. Buyer Comment (2023-09-05): Verbal VOE dated within [redacted]days of Note uploaded |
09/07/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | B | D | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 6 | (redacted) | 30397178 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | Guideline required Verification of Borrower Identification was not found. | Reviewer Comment (2023-09-07): Patriot Act Identification form provided for both borrower's. Exception cleared. Buyer Comment (2023-09-05): [redacted] disclosure uploaded |
09/07/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 6 | (redacted) | 30397179 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay ([redacted] ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of Higher Priced QM (APOR). | Lender stated the designation was incorrect and provided updated tape. | Reviewer Comment (2023-09-20): Lender stated the designation was incorrect and provided updated tape. |
09/20/2023 | 1 | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM status | D | B | D | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| (redacted) | 6 | (redacted) | 30397180 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay ([redacted] ): The DTI calculated in accordance with the Lenders Guidelines and [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | Lender stated the designation was incorrect and provided updated tape. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted] Miscellaneous |
[redacted] Exception with Compensating Factor. CF Update Prior Homeownership Experience [redacted] |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2024-01-03): Lender Exception with Compensating Factors. Reviewer Comment (2023-12-21): CF Update Reviewer Comment (2023-09-20): Lender exception provided. |
12/21/2023 | 2 | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | B | D | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 6 | (redacted) | 30397181 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay ([redacted] ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Lender stated the designation was incorrect and provided updated tape. | Reviewer Comment (2023-09-20): Lender exception provided. |
09/20/2023 | 1 | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM Loan Designation | D | B | D | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| (redacted) | 7 | (redacted) | 30397646 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] fee tolerance violation for loan discount points in the amount of $[redacted]with no cure or change of circumstance provided to the borrower. | Reviewer Comment (2023-10-04): [redacted] Received disclosure summary and COC for rate lock on[redacted] Buyer Comment (2023-10-03): Disclosure tracking provided to support change in discount fee[redacted] as noted on COC and LE previously provided. Please review for consideration Reviewer Comment (2023-09-29): [redacted] Received LE dated [redacted]and [redacted] however the fee increased on LE dated [redacted] for $[redacted]. Kindly provide a valid COC for the fee increased or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2023-09-27): COC and LE uploaded to support increase in discount point documentation |
10/04/2023 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 7 | (redacted) | 30397647 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] fee tolerance violation for the appraisal fee in the amount of $[redacted]with no cure or change of circumstance provided to the borrower. | Reviewer Comment (2023-10-20): [redacted] Received [redacted], LOE and Payment history Buyer Comment (2023-10-19): Corrected CD and cure |
10/20/2023 | 2 | C | B | C | B | C | B | C | B | C | B | MO | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 7 | (redacted) | 30397648 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted]], prior to [redacted] ([redacted]) business days from transaction date of [redacted] | Right to Cancel was executed by the borrower on [redacted] with an expiration date of [redacted]. Final Closing Disclosure disclosed a disbursement date of [redacted] , only providing the borrowers with a [redacted]-day rescission period. | Reviewer Comment (2023-10-30): Borrower signed [redacted] CD at closing rather than [redacted] CD. Verified that CDs are identical. No rescission timing issue. Buyer Comment (2023-10-24): CD date issued [redacted], mailed [redacted]and signed [redacted] See expedite audit results for date trail uploaded Reviewer Comment (2023-10-13): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to [redacted] ([redacted]) business days from transaction date of [redacted]. Reviewer Comment (2023-10-11): The fully executed Notice of Right to Cancel dated[redacted] reflects a cancellation date of [redacted]. The unsigned Final CD issued [redacted] (Disbursement Date [redacted]) results in a presumed received or transaction date of [redacted] causing a Right to Cancel Expected Expiration date of [redacted] and a Right to Cancel Eligible Disbursement Date of [redacted]. Exception remains. Buyer Comment (2023-09-27): Loan disbursed [redacted]days after executed CD ([redacted]) |
10/30/2023 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 7 | (redacted) | 30397649 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The [redacted]form was used, the [redacted]form should have been used. | Right to Cancel was issued on incorrect form. TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form. [redacted] Form must be used as lender is the same as originating lender. | Buyer Comment (2024-01-02): accept |
01/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MO | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 7 | (redacted) | 30397650 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | Right to Cancel was executed by the borrower on [redacted]with an expiration date of [redacted]. The Transaction date was [redacted] [redacted] day rescission would be be [redacted]. Final Closing Disclosure disclosed a disbursement date of [redacted], only providing the borrowers with a 1-day rescission period. | Reviewer Comment (2023-10-30): Borrower signed [redacted] CD at closing rather than [redacted] CD. Verified that CDs are identical. No rescission timing issue. Buyer Comment (2023-10-24): CD date issued [redacted], mailed [redacted]and signed [redacted] See expedite audit results for date trail uploaded Reviewer Comment (2023-10-11): The fully executed Notice of Right to Cancel dated [redacted] reflects a cancellation date of [redacted]. The unsigned Final CD issued [redacted] (Disbursement Date [redacted]) results in a presumed received or transaction date of [redacted] causing a Right to Cancel Expected Expiration date of [redacted] and a Right to Cancel Eligible Disbursement Date of [redacted]. Exception remains. Buyer Comment (2023-09-27): Loan disbursed [redacted]days after CD was executed ([redacted]) |
10/30/2023 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 7 | (redacted) | 30397652 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | The file was missing a copy of the E-sign Consent disclosure or proof of the borrower's receipt within[redacted] days of originator application date. | Reviewer Comment (2023-10-12): Trailing Event Log provided. Buyer Comment (2023-09-27): E sign consent uploaded Buyer Comment (2023-09-27): E-sign consent uploaded |
10/12/2023 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 7 | (redacted) | 30397653 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Investor Qualifying Residual income discrepancy. | Calculated investor qualifying disposable income of ___ is less than AUS required disposable income of ___. | Insufficient residual income. | Borrower has been employed in the same industry for more than [redacted] Borrower has owned the subject property for at least [redacted] Borrower has worked in the same position for more than [redacted] The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]. |
[redacted] Compensating Factor. LTV [redacted] below guideline LTV |
Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-08-30): Compensating Factor Update. Reviewer Comment (2024-01-12): Lender exception provided. Reviewer Comment (2024-01-12): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Calculated investor qualifying disposable income of $[redacted]is less than AUS required disposable income of $[redacted]. Buyer Comment (2024-01-09): [redacted]approved [redacted]for residual income and lack of YTD earnings. Borrower documented[redacted] tax returns and tax transcripts in file support earnings considered for qualifying. Reviewer Comment (2023-12-03): [redacted] were required for the[redacted] program.[redacted] s have not been received, the income could not be calculated per guideline requirements, loan approval states $[redacted]in residual income however it can not be verified with documentation submitted. The exception cannot be waived until the residual income listed on the approval can be verified. Buyer Comment (2023-11-14): Please clarify findings. Loan was granted an exception for lack of residual income (previously uploaded), request for income documentation was submitted but most recent comment is stating lack of residual income, exception was granted for this. Reviewer Comment (2023-11-09): Review income matches [redacted] . Income $[redacted], residual required of $[redacted]. After debt, there is insufficient disposable. Buyer Comment (2023-11-02): Income qualified based on conservative [redacted] month average schedule c earnings, most recent tax year indicated increase in earnings. Please re-review exception for consideration Reviewer Comment (2023-10-30): Income could not be calculated under program submitted, cannot accept a lender exception for residual income at this time. Buyer Comment (2023-10-24): Approved exception for residual income Reviewer Comment (2023-10-13): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Calculated investor qualifying disposable income of $[redacted]is less than AUS required disposable income of $[redacted]. Reviewer Comment (2023-10-13): Cannot waive until income documents have all been received. Buyer Comment (2023-10-03): exception for residual uploaded |
01/12/2024 | 2 | C | B | C | B | C | B | C | B | C | B | MO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 7 | (redacted) | 30397654 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | YTD earnings must be documented with one of the following : YTD Profit & Loss statement prepared by a licensed or registered CPA or tax preparer, Earnings Statement with YTD income or Pay Stub with YTD income from the Payer listed on the [redacted]forms, most recent [redacted] months bank statements, earnings statements without YTD income, or pay stubs without YTD income (Earnings statements or pay stubs must come from the Payer listed on the [redacted]forms.). |
Borrower has been employed in the same industry for more than [redacted] Borrower has owned the subject property for at least [redacted] Borrower has worked in the same position for more than [redacted] The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]. |
[redacted] Compensating Factor. LTV [redacted] below guideline LTV |
Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-08-30): Compensating Factor Update. Reviewer Comment (2024-01-12): Lender exception provided. Reviewer Comment (2024-01-11): Exception Remains - Required most recent [Redcated] months account statements which reflects[redacted] income deposited. Buyer Comment (2024-01-09): UW exception for YTD income and residual income Buyer Comment (2024-01-09): additional[redacted] Buyer Comment (2024-01-09): [redacted] Reviewer Comment (2023-10-30): It looks like the loan was qualified using schedule [redacted]income, not[redacted] income however loan was approved under[redacted] program. Buyer Comment (2023-10-24): approved exception for no YTD income uploaded |
01/12/2024 | 2 | C | B | C | B | C | B | C | B | C | B | MO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 7 | (redacted) | 30397655 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Income based on a [redacted]% Expense Ratio, debt ratio exceeds limit. | Reviewer Comment (2023-10-26): Income verified as per income worksheet, now [redacted] is inline.Exception Cleared. Buyer Comment (2023-10-19): Income worksheet uploaded Reviewer Comment (2023-10-13): Income worksheet not received. Buyer Comment (2023-09-27): Income worksheet provided supporting higher monthly income and ratios of [redacted]% |
10/26/2023 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 7 | (redacted) | 30397656 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Tape Data reflects the Loan Program as [redacted] yr [redacted]. Loan file missing [redacted]. | Reviewer Comment (2024-01-11): Exception Cleared - Received[redacted] and associated same. Buyer Comment (2024-01-09): Additional[redacted] Buyer Comment (2024-01-09): [redacted] uploaded Reviewer Comment (2023-10-30): It looks like the loan was qualified using schedule [redacted]income, not[redacted] income however loan was approved under[redacted] program. Buyer Comment (2023-10-24): Approved exception for missing YTD income Reviewer Comment (2023-10-13): [redacted] [redacted] provided in file, [redacted] not provided. [redacted] transcripts provided do not show any[redacted] income. Buyer Comment (2023-10-03): [redacted] tax transcript Buyer Comment (2023-10-03): additional[redacted] uploaded, [redacted] included in loan file |
01/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 7 | (redacted) | 30397657 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([redacted] ): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. | Provide evidence the borrower received a copy of the appraisal at least[redacted] business days prior to the Note Date. | Reviewer Comment (2023-10-12): Trailing Loan Summary/Loan Status ([redacted] Delivered to Applicant [redacted] provided. Buyer Comment (2023-09-27): [redacted] delivery uploaded |
10/12/2023 | 1 | B | A | B | A | B | A | B | A | B | A | MO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 7 | (redacted) | 30397658 | Compliance | Compliance | Federal Compliance | Federal HPML | [redacted] HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Provide evidence the borrower received a copy of the appraisal at least[redacted] business days prior to the Note Date. | Reviewer Comment (2023-10-12): Trailing Loan Summary/Loan Status ([redacted] Delivered to Applicant [redacted] provided. Buyer Comment (2023-09-27): Evidence of [redacted] delivery uploaded |
10/12/2023 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 7 | (redacted) | 30397659 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | [redacted] Appraisal Rule ([redacted] ): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. | Provide evidence the borrower received a copy of the appraisal at least[redacted] business days prior to the Note Date. | Reviewer Comment (2023-10-12): Trailing Loan Summary/Loan Status ([redacted] Delivered to Applicant [redacted] provided. Buyer Comment (2023-09-27): Evidence of [redacted] delivered uploaded |
10/12/2023 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 7 | (redacted) | 30397660 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay ([redacted] ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan file missing [redacted] [redacted]and evidence of YTD income. Debt Ratio exceeds allowable limit. Due to the previous items, there is a Loan Designation discrepancy. | Reviewer Comment (2024-01-12): Lender exception provided. Buyer Comment (2024-01-09): Income worksheet, [redacted] and [redacted] not signed, income change is minimal, less than[redacted] difference from original reported income. Borrower documented[redacted] tax returns and tax transcripts in file support earnings considered for qualifying. Buyer Comment (2024-01-09): UW exception for no YTD income and residual. Borrower documented[redacted] tax returns and tax transcripts in file support earnings considered for qualifying. Buyer Comment (2024-01-09): Additional [redacted] Buyer Comment (2024-01-09): [redacted] Reviewer Comment (2023-10-30): It looks like the loan was qualified using schedule [redacted]income, not[redacted] income however loan was approved under[redacted] program. Buyer Comment (2023-10-24): exception uploaded Reviewer Comment (2023-10-13): [redacted] [redacted] provided in file, [redacted] not provided. [redacted] transcripts provided do not show any[redacted] income. Buyer Comment (2023-10-03): [redacted] tax transcript uploaded |
01/12/2024 | 1 | B | A | C | A | B | A | C | A | B | A | MO | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 7 | (redacted) | 30397661 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay ([redacted] ): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan file missing [redacted][redacted]and evidence of YTD income. Debt Ratio exceeds allowable limit. | Reviewer Comment (2024-01-12): Lender exception provided. Buyer Comment (2024-01-09): Additional [redacted] , income worksheet, [redacted] and [redacted] not signed, income change is minimal, less than[redacted] difference from original reported income and[redacted] tax transcripts uploaded. Borrower documented[redacted] tax returns and tax transcripts in file support earnings considered for qualifying. Buyer Comment (2024-01-09): Completed Reviewer Comment (2023-10-30): It looks like the loan was qualified using schedule [redacted]income, not[redacted] income however loan was approved under[redacted] program. Buyer Comment (2023-10-24): Approved exception for no YTD earnings Reviewer Comment (2023-10-13): [redacted] [redacted] provided in file, [redacted] not provided. [redacted] transcripts provided do not show any[redacted] income. Buyer Comment (2023-10-03): [redacted] tax transcript uploaded |
01/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 7 | (redacted) | 30397663 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay ([redacted] ): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Loan file missing [redacted][redacted]and evidence of YTD income. Debt Ratio exceeds allowable limit. | Reviewer Comment (2024-01-12): Lender exception provided Buyer Comment (2024-01-09): Additional [redacted] , income worksheet, [redacted] and [redacted] not signed, income change is minimal, less than[redacted] difference from original reported income and[redacted] tax transcripts uploaded. Borrower documented[redacted] tax returns and tax transcripts in file support earnings considered for qualifying. Buyer Comment (2024-01-09): [redacted] uploaded Reviewer Comment (2023-10-30): It looks like the loan was qualified using schedule [redacted]income, not[redacted] income however loan was approved under[redacted] program. Buyer Comment (2023-10-24): exception for no ytd earnings uploaded Reviewer Comment (2023-10-13): [redacted] [redacted] provided in file, [redacted] not provided. [redacted] transcripts provided do not show any[redacted] income. Buyer Comment (2023-10-03): [redacted] tax trancript |
01/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 7 | (redacted) | 30397664 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Tape Data stated loan type is [redacted] Yr [redacted]. Loan file does not provide sufficient income on the [redacted]provided. Please provide all [redacted][redacted]documents. | Reviewer Comment (2024-01-18): Consolidated[redacted] received. Buyer Comment (2024-01-16): re-upload of [redacted] consolidated construction[redacted] Buyer Comment (2024-01-16): [redacted] previously provided under additional [redacted] Reviewer Comment (2024-01-13): missing[redacted] for [Redcated] [redacted]. Reviewer Comment (2024-01-12): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation:[redacted] ([redacted]), Account Statements - Business Reviewer Comment (2024-01-12): Received all [redacted] documents and income validated accordingly however we would require Account Statement-business to clear this exception. Hence, Exception Remains. Buyer Comment (2024-01-09): Additional[redacted] Buyer Comment (2024-01-09): [redacted] Reviewer Comment (2023-10-30): It looks like the loan was qualified using schedule [redacted]income, not[redacted] income however loan was approved under[redacted] program. Buyer Comment (2023-10-24): exception for no ytd income uploaded Reviewer Comment (2023-10-13): [redacted] [redacted] provided in file does not support income used, [redacted] not provided. [redacted] transcripts provided do not show any[redacted] income. Buyer Comment (2023-10-03): [redacted] tax transcript uploaded |
01/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 8 | (redacted) | 30398974 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Lender approved exception for borrower's FICO score short for program requirements. Guidelines require a minimum FICO of [redacted] for a LTV of [redacted]%. Borrower's FICO score is [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrower has owned the subject property for at least [redacted] years. Borrower has a clean housing payment history |
Comp factors used to waive exception. Housing payment history clean |
SitusAMC SitusAMC Originator |
Reviewer Comment (2022-11-03): Lender Exception with Comp Factors provided for regrade and waive. |
11/03/2022 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 9 | (redacted) | 30399002 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Rent loss insurance must be at least [Redacted] months gross monthly rent | Reviewer Comment (2023-08-30): Received Hazard Policy uploaded pm [redacted] showing inclusion of rent loss. Buyer Comment (2023-08-29): Hazard policy including rent loss uploaded. |
08/30/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 9 | (redacted) | 30399003 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | [redacted] loan, per guides the LTV is limited to [Redacted] %. | Reviewer Comment (2023-08-07): Principle reduction provided refunding the cash out. Reviewer Comment (2023-07-27): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Calculated loan to value percentage of [redacted]% exceeds Guideline loan to value percentage of [redacted]%. Buyer Comment (2023-07-18): Lease agreement uploaded. |
08/07/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 9 | (redacted) | 30399004 | Credit | Missing Document | General | Missing Document | Document "Loan Underwriting and Transmittal Summary (1008) / MCAW" is missing. | [Redacted] in file say loan is a rate/term refinance; loan is a cash out transaction. Updated [Redacted] is needed. | Reviewer Comment (2023-08-07): Rate and Term, lender provided principal reduction post close. Buyer Comment (2023-07-18): [redacted], LOE and payment history reflecting PR for cash back to borrower. |
08/07/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 9 | (redacted) | 30399005 | Credit | Investment Product | General | Investment Product | Documentation signed by the borrower stating the purpose for the [redacted] was not found and is required. | Purpose of cash out was not documented in file | Reviewer Comment (2023-08-07): Rate and Term, lender provided principal reduction post close. Buyer Comment (2023-07-18): [redacted], LOE and payment history reflecting PR for cash back to borrower. |
08/07/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 9 | (redacted) | 30399006 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Refinance purpose discrepancy. | Loan originated as a [redacted] refinance with a limit of $ [Redacted] cash out. Cash out exceeds limit allowed for a [redacted]. | Reviewer Comment (2023-08-07): Principle reduction provided refunding the cash out. Buyer Comment (2023-07-18): [redacted], LOE and payment history reflecting PR for cash back to borrower. |
08/07/2023 | 1 | A | A | A | A | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| (redacted) | 10 | (redacted) | 31686712 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | Reviewer Comment (2023-10-20): Initial 1003 application is received. Exception Cleared. Buyer Comment (2023-10-17): Initial 1003 uploaded |
10/20/2023 | 1 | B | A | B | A | B | A | B | A | B | A | MI | Primary | Refinance - Cash-out - Other | C | B | A | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 10 | (redacted) | 31686714 | Compliance | Compliance | State Compliance | Misc. State Level | [redacted] CMPA Home Loan Toolkit Status | [redacted] Consumer Mortgage Protection Act: Home Loan Toolkit not provided to borrower. | Home Loan Toolkit is missing | Buyer Comment (2023-11-28): compliance review |
11/28/2023 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Refinance - Cash-out - Other | C | B | A | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 10 | (redacted) | 31686715 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Lender Credit Tolerance Violation | [redacted]Integrated Disclosure: [redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] | [redacted] fee tolerance violation for lender credits in the amount of $[redacted]which is less than the amount that was previously disclosed of [redacted] | Reviewer Comment (2023-10-25): [redacted] received Letter of Explanation, Copy of cure refund via principal reduction & Corrected Closing Disclosure. Buyer Comment (2023-10-23): PCCD and payment history reflecting PR uploaded. |
10/25/2023 | 2 | C | B | C | B | C | B | C | B | C | B | MI | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 10 | (redacted) | 31686716 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted] Insufficient or no cure was provided to the borrower. | [redacted] fee tolerance violation for loan discount points in the amounts of [redacted] with no cure or COC provided to the borrower. | Reviewer Comment (2023-10-25): [redacted] received [redacted], LOE and payment history for principal reduction of cure. Buyer Comment (2023-10-23): Redisclosure Cover letter reflecting VCOC uploaded. |
10/25/2023 | 2 | C | B | C | B | C | B | C | B | C | B | MI | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 10 | (redacted) | 31686717 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Loan Originator Compensation. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | [redacted] fee tolerance violation for loan Loan Originator Compensation in the amounts of [redacted] with no cure or COC provided to the borrower. | Reviewer Comment (2023-10-25): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2023-10-23): PCCD and payment history reflecting PR uploaded. |
10/25/2023 | 2 | C | B | C | B | C | B | C | B | C | B | MI | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 10 | (redacted) | 31686718 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | APR from initial CD to final CD has changed . No valid COC is provided. | Buyer Comment (2023-12-22): CI |
2 | C | B | C | B | C | B | C | B | C | B | MI | Primary | Refinance - Cash-out - Other | TRID timing exception, no remediation available. | C | B | A | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 10 | (redacted) | 31686720 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | FACTA credit score disclosure is missing from the file. | Buyer Comment (2023-12-22): * Reviewer Comment (2023-11-14): Received incomplete copy of Notice to the Home Loan Applicant executed by the borrower without having Applicant address, Originator Name and Consumer Reporting Agency information, Hence Exception Remains. Buyer Comment (2023-11-09): Notice to [redacted] uploaded. Reviewer Comment (2023-10-25): Notice to the Home Loan Applicant is the required form. Buyer Comment (2023-10-23): Disclosure uploaded. Reviewer Comment (2023-10-20): Exception Remains: Provided document is a FACT Act Notice. Kindly provide FACTA Credit Score Disclosure. Buyer Comment (2023-10-17): FACTA Disclosure uploaded |
12/22/2023 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Refinance - Cash-out - Other | C | B | A | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 10 | (redacted) | 31686722 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Ineligible property type, rural. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Low housing ratio of [redacted]% or less. Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2024-01-02): Lender Exception with Compensating Factors. |
01/02/2024 | 2 | B | B | B | B | B | MI | Primary | Refinance - Cash-out - Other | C | B | A | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 11 | (redacted) | 31687406 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | 04/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 11 | (redacted) | 31687407 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted]. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-06-16): Waive |
06/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 11 | (redacted) | 31687408 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | [redacted] Appraisal Rule [redacted] Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Reviewer Comment (2025-06-16): Waive |
06/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 11 | (redacted) | 31687412 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | [redacted] Integrated Disclosure: [redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted]. | 04/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| (redacted) | 11 | (redacted) | 31687413 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted] Insufficient or no cure was provided to the borrower. | 04/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| (redacted) | 11 | (redacted) | 31687414 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of[redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | 04/19/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| (redacted) | 11 | (redacted) | 31687415 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | [redacted] appraisal Rule[redacted]: [redacted] requirements not satisfied. | 04/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 12 | (redacted) | 31687657 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | [redacted] Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least [redacted]business days prior to consummation | Reviewer Comment (2025-06-16): waive |
06/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Second Home | Purchase | TRID timing exception, no remediation available. | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 12 | (redacted) | 31687659 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded. Total amount of[redacted]exceeds tolerance of [redacted] plus [redacted] or [redacted]. Insufficient or no cure was provided to the borrower. | 05/02/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| (redacted) | 12 | (redacted) | 31687660 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | 05/03/2024 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Second Home | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 12 | (redacted) | 31687661 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | 04/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 12 | (redacted) | 31687662 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | 04/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 12 | (redacted) | 31687663 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay [redacted] Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | 04/30/2024 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Second Home | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| (redacted) | 12 | (redacted) | 31687664 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay [redacted] There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | 04/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 12 | (redacted) | 31687665 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | 04/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 12 | (redacted) | 31687666 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay [redacted]: Based on the loan failing one or more guideline components, the loan is at ATR risk. | 04/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 12 | (redacted) | 32921055 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | 02/28/2025 | 1 | A | A | A | A | A | FL | Second Home | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||||
| (redacted) | 13 | (redacted) | 31687757 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | 04/18/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 13 | (redacted) | 31687758 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | 04/18/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 13 | (redacted) | 31687759 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | 04/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 13 | (redacted) | 31687762 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | [redacted]Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Reviewer Comment (2025-06-16): waive |
06/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | TRID timing exception, no remediation available. | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 13 | (redacted) | 31687764 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | 04/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 13 | (redacted) | 31687765 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | 04/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 13 | (redacted) | 31687766 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Miscellaneous |
5+ years on job Residual income > $2,500. Low housing ration of 25% or less. |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator |
04/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 13 | (redacted) | 31687767 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay [redacted] Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | 04/26/2024 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| (redacted) | 13 | (redacted) | 31687768 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay [redacted] Based on the loan failing one or more guideline components, the loan is at ATR risk. | 04/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 13 | (redacted) | 31687769 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay [redacted] There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | 04/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 13 | (redacted) | 31687770 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | [redacted]Integrated Disclosure: [redacted] Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] Insufficient or no cure was provided to the borrower. | 04/25/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| (redacted) | 13 | (redacted) | 31687771 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | 04/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 14 | (redacted) | 31687898 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of $[redacted] plus [redacted] or [redacted] | Reviewer Comment (2024-05-08): [redacted] received corrected PCCD, LOE and payment history for principal reduction of cure Buyer Comment (2024-05-06): Additional cure applied, documentation attached. Reviewer Comment (2024-05-06): [redacted] received PCCD, Letter of Explanation and Payment history for the evidence of Principal Reduction in the amount of [redacted], which is insufficient to cure for all the citied [redacted] exception, hence we also required additional refund cure of [redacted] with corrected CD, LOE to borrower, proof of mailing, and copy of refund check to cure this exception. Buyer Comment (2024-05-02): [redacted] cure already applied, see attached. |
05/08/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 14 | (redacted) | 31687899 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure:[redacted] Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] Insufficient or no cure was provided to the borrower. | [redacted] Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] | Reviewer Comment (2024-05-08): [redacted] received corrected PCCD, LOE and payment history for principal reduction of cure Buyer Comment (2024-05-06): Attached to exception ID [redacted]. Reviewer Comment (2024-05-06): [redacted] received PCCD, Letter of Explanation and Payment history for the evidence of Principal Reduction in the amount of [redacted], which is insufficient to cure for all the citied [redacted] exception, hence we also required additional refund cure of [redacted] with corrected CD, LOE to borrower, proof of mailing, and copy of refund check to cure this exception. Buyer Comment (2024-05-02): [redacted] cure already applied, see attached. |
05/08/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 14 | (redacted) | 31687900 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([redacted]: Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2024-05-03): Delivery provided. System cleared. Buyer Comment (2024-05-02): Attached to exception ID [redacted] |
05/03/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 14 | (redacted) | 31687901 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of[redacted] is equal to or greater than the threshold of APOR [redacted], or [redacted]. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-05-03): Delivery provided. System cleared. Buyer Comment (2024-05-02): Attached to exception ID [redacted]. |
05/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 14 | (redacted) | 31687902 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule [redacted]: Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2024-05-03): Delivery provided. System cleared. Buyer Comment (2024-05-02): Attached, sent on [redacted]. |
05/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 14 | (redacted) | 31687903 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The credit report reflects the current mortgage was modified. The terms of the modification are not in file to verify if they meet guideline requirements and are not qualified as a housing event. | Reviewer Comment (2024-05-03): Modification filed more than [redacted] months prior. Buyer Comment (2024-05-01): Attached. |
05/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 15 | (redacted) | 31688455 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | 06/28/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 15 | (redacted) | 31688456 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | 08/14/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 15 | (redacted) | 31688459 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | [redacted] Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated[redacted]. The disclosed Total of Payments in the amount of [redacted] is under disclosed by [redacted] compared to the calculated total of payments of [redacted]which exceeds the [redacted] threshold. | 07/31/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| (redacted) | 15 | (redacted) | 31688460 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([redacted]: Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 07/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 15 | (redacted) | 31688461 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay [redacted]: Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | 06/28/2024 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||
| (redacted) | 15 | (redacted) | 31688462 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | 06/28/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 15 | (redacted) | 31688463 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay [redacted]: Based on the loan failing one or more guideline components, the loan is at ATR risk. | 06/28/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 15 | (redacted) | 31688464 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | 06/28/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 15 | (redacted) | 31688465 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | 09/06/2024 | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||||
| (redacted) | 15 | (redacted) | 31688466 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | [redacted] Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Reviewer Comment (2025-06-16): waive |
06/16/2025 | 2 | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 17 | (redacted) | 31688683 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] | SitusAMC | Reviewer Comment (2024-07-08): Client elected to Waive. Email. Reviewer Comment (2024-06-28): Please provide most recent inspection report after the most recent disaster end date. Exception remains. Buyer Comment (2024-06-27): [redacted] is after [redacted]. Please remove this finding. |
07/08/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | D | B | D | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 17 | (redacted) | 31688684 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Per guidelines, borrower or tax preparer must provide a signed letter of explanation describing the nature of the business, how income is generated, and how long the business has been in existence. |
Reviewer Comment (2024-07-02): CPA Letter received and associated. Exception cleared. Buyer Comment (2024-06-28): The required information is included in the attached LOEs. |
07/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | D | B | D | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 17 | (redacted) | 31688685 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Per guidelines, documentation must be provided to show the borrower's percentage of business ownership. Verifying documentation is missing from file. | Reviewer Comment (2024-12-12): After further review, exception cleared. Reviewer Comment (2024-07-05): Required document to verify the ownership percentage. Exception remains. Buyer Comment (2024-07-02): The requested information is included in the attached LOE already included in the binder. The only qualifying income is from [redacted], for which the borrower is an independent contractor. The borrower would therefore be [redacted] owner of his own dentistry services, rather than having a percentage of ownership in the corporation. |
12/12/2024 | 1 | C | A | C | A | C | A | C | A | D | A | TX | Primary | Purchase | D | B | D | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 18 | (redacted) | 31688897 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Loan Not Closed At Office of Lender, Attorney, or Title Company) | [redacted] Constitution Section [redacted]: Loan did not close at office of lender, attorney or title company. | Unable to determine Loan closed at office of lender, attorney or title company. | Reviewer Comment (2024-08-13): Provided. Buyer Comment (2024-08-07): Final Settlement Statement uploaded. Reviewer Comment (2024-08-06): Document provided does not reflect closing location. Buyer Comment (2024-07-24): Final title policy uploaded. |
08/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 18 | (redacted) | 31688898 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) | Unable to determine whether the loan contains a [redacted] Endorsement due to missing information. | Unable to determine whether the loan contains a [redacted] due to missing Final Title. | Reviewer Comment (2024-08-06): Final title provided, exception cleared. Buyer Comment (2024-07-24): Final title policy uploaded. |
08/06/2024 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 18 | (redacted) | 31688899 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Fee changed without a valid CofC. CofC at a minimum should include the original estimate of the cost, the specific reason for the revision and how it impacted the specific fee(s) that increased, revised amount, and the date of the changed circumstance. | Reviewer Comment (2024-07-16): [redacted] Received Valid COC along with LE Buyer Comment (2024-07-15): LE uploaded. Reviewer Comment (2024-07-09): Doc ID [redacted] is dated [redacted] for rate lock however, there is no locked LE/CD in file within [redacted] business days from this date. Please provide any missing disclosures for review. Buyer Comment (2024-07-08): Please see image [redacted] reflecting rate locked and VCOC. |
07/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 19 | (redacted) | 31689343 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | NSFs exceed Guidelines. | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Low housing ratio of [redacted]% or less. |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2024-07-30): Lender Exception with Compensating Factors. |
07/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Purchase | B | B | B | B | B | B | A | A | Non QM | N/A | No | ||||||||
| (redacted) | 19 | (redacted) | 31689344 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule [redacted]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Provide evidence of delivery of the [redacted] report. | Buyer Comment (2024-08-09): accept |
08/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Purchase | B | B | B | B | B | B | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 21 | (redacted) | 31689560 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | [redacted] Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on page [redacted] that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [redacted]. The disclosed Total of Payments in the amount of [redacted] is under disclosed by [redacted] compared to the calculated total of payments of [redacted] which exceeds the [redacted]threshold. | Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [redacted]. The disclosed Total of Payments in the amount of [redacted] is under disclosed by [redacted] compared to the calculated total of payments of [redacted] which exceeds the [redacted] threshold. | Reviewer Comment (2024-09-05): [redacted] received Corrected CD, LOE to borrower, copy of cure refund for over underdisclosed amount, proof of mailing and copy of executed RTC for [redacted]. Rescission must be reopened to all consumers on title and security instrument reflects [redacted] also consumer to transaction and requires proof rescission also reopened for that consumer in order to finalize cure. As cure period has expired, will cure exception and add the tolling rescission exception to be cured separately. Buyer Comment (2024-09-03): PCCD, NORTC re-executed, cure check, proof cure check delivered and cashed and LOE uploaded. |
09/05/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 21 | (redacted) | 31689561 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure:[redacted] Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Discount points increased in the amount of [redacted] on the [redacted] closing disclosure without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-09-06): [redacted] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception. Buyer Comment (2024-09-05): A cure in the amount of [redacted] is sufficient and has been issued to the borrower. Reviewer Comment (2024-09-04): [redacted] received PCCD updating underwriting fee and tax service fee as lender paid, however we require cure for loan discount points fee as well. Please provide cure documents which consist of PCCD, LOE, proof of mailing and copy of refund check. Buyer Comment (2024-09-03): PCCD, NORTC re-executed, cure check, proof cure check delivered and cashed and LOE uploaded. |
09/06/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 21 | (redacted) | 31689562 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: [redacted] Fee Tolerance exceeded for Underwriting Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | The Underwriting fee increased on the [redacted] Loan Estimate without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-09-06): [redacted] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception. Buyer Comment (2024-09-05): A cure in the amount of [redacted] is sufficient and has been issued to the borrower. Reviewer Comment (2024-09-04): [redacted] received PCCD updating underwriting fee and tax service fee as lender paid, however we require cure for loan discount points fee as well. Please provide cure documents which consist of PCCD, LOE, proof of mailing and copy of refund check. Buyer Comment (2024-09-03): PCCD, NORTC re-executed, cure check, proof cure check delivered and cashed and LOE uploaded. |
09/06/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 21 | (redacted) | 31689563 | Compliance | Compliance | Federal Compliance | TILA | TILA Extended Rescission: Inaccurate material disclosures provided to borrower at consummation on a rescindable transaction resulting in extended rescission rights (3 years from consummation). Re-disclosure of accurate material disclosures, LOE, re-opening of rescission and proof of delivery required. | Reopening of rescission completed for [redacted] on [redacted]. Provide proof of reopening of rescission to other consumer reflected on security instrument to [redacted] in order to cure reopening of rescission exception | Reviewer Comment (2024-12-12): [redacted] received RTC and proof of delivery. Reviewer Comment (2024-12-09): The provided RTC is dated by [redacted] as received on [redacted]. The RTC also expires on [redacted]. The RTC should have expired on [redacted]. The borrower is required to have [redacted] days to rescind if they have a security interest in the property. Buyer Comment (2024-09-19): Please see compliance response regarding the NORTC execution by the non-occupying co-borrower. Reviewer Comment (2024-09-18): Under the rescission rules of 1026.23(a), "…each consumer whose ownership interest is or will be subject to the security interest shall have the right to rescind the transaction…". The commentary under 1026.23(a)(2) further clarifies the term consumer: "To be a consumer within the meaning of §1026.2, that person must at least have an ownership interest in the dwelling that is encumbered by the creditor's security interest, although that person need not be a signatory to the credit agreement. Even though it is not the co-borrower's primary residence, they still have an ownership interest and are required to have the right to rescind. Buyer Comment (2024-09-05): Please note, [redacted] is a non-occupying borrower and the NORTC does not apply. |
12/12/2024 | 2 | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct notice of rescission model form | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 22 | (redacted) | 31689756 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title Evidence: ___ | Reviewer Comment (2024-04-12): Document provided, exception cleared. |
04/12/2024 | 1 | A | A | A | A | A | A | A | A | A | A | KY | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 22 | (redacted) | 31689757 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | The loan file is missing the initial affidavit of non-occupancy. | Reviewer Comment (2024-04-12): Document provided, exception cleared. Buyer Comment (2024-04-10): Please see the attached initial and final Affidavit of Non Occupancy |
04/12/2024 | 1 | C | A | C | A | C | A | C | A | D | A | KY | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 25 | (redacted) | 31689841 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for seasoning of loan modification. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous Miscellaneous |
Conservative use of credit or minimal use of revolving credit. Prior homeownership Experience (No FC or SS) |
SitusAMC Originator Originator |
Reviewer Comment (2024-08-13): CF Update. Reviewer Comment (2024-04-23): Lender Exception with Compensating Factors. |
04/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 27 | (redacted) | 31689973 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Qualifying Assets for Closing of [redacted] is less than Cash From Borrower [redacted]. Required additional asset to meet cash from borrower [redacted] Final 1003 states [redacted] in a checking account but no bank statements provided. | Reviewer Comment (2024-06-25): Borrower received cash out proceeds from other property and used cash out proceed for the subject property transaction requirements. Received closing disclosure document for the other property cash out transaction. Verified and updated details. Exception Cleared. Buyer Comment (2024-06-24): Subject refinance closed concurrently with cash out refinance [redacted], settlement agency wrote a check from the proceeds from the cash out transaction and deposited into subject loan. Please see funding cd for cash out transaction, funding cd for subject refinance, check and receipt from settlement agency uploaded. |
06/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 27 | (redacted) | 31689974 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of [redacted]. Final 1003 states [redacted] in a checking account but no bank statements provided. | Reviewer Comment (2024-06-25): Borrower received cash out proceeds from other property and used cash out proceed for the subject property transaction requirements. Received closing disclosure document for the other property cash out transaction. Verified and updated details. Exception Cleared." Buyer Comment (2024-06-24): See net proceeds from cash out refinance of concurrent closing loan [redacted] |
06/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 27 | (redacted) | 31689975 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception with compensating factors for loan mod seasoning. Unable to waive exception until assets verified as one of the comp factors is Substanial Cash Resreves. | Borrower has owned the subject property for at least [redacted] years. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Prior homeownership Experience (No FC or SS) DSCR on subject property >[redacted] Prior homeownership Experience (No FC or SS) |
SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2024-08-12): CF Update. Reviewer Comment (2024-06-26): Lender Exception with Compensating Factors. Buyer Comment (2024-06-24): See funding CD for concurrent closing for loan [redacted], net proceeds considered for reserves |
06/26/2024 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 28 | (redacted) | 31690026 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | OFAC Search for borrowing entity is missing in the file. | Reviewer Comment (2024-07-05): Document provided, exception cleared. Buyer Comment (2024-07-01): Attached Reviewer Comment (2024-06-29): OFAC provided for Edwin but missing for [redacted]. Buyer Comment (2024-06-26): OFAC search was completed and provided on page [redacted] of the fraud report in the binder. |
07/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 28 | (redacted) | 31690027 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
DSCR on subject property >[redacted] | SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2024-06-29): Lender Exception with Compensating Factors. Buyer Comment (2024-06-26): Exception was approved prior to close, see attached. |
06/29/2024 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 29 | (redacted) | 31690033 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | The loan file is missing the Business Purpose & Occupancy Affidavit (initial). | Reviewer Comment (2024-06-28): Initial Business Purpose & Occupancy Affidavit received and verified the details. Exception Cleared. Buyer Comment (2024-06-27): Initial business affidavit uploaded |
06/28/2024 | 1 | C | A | C | A | C | A | C | A | D | A | PA | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 29 | (redacted) | 31690034 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Reviewer Comment (2024-07-02): Subject loan does not have a prepayment , therefore, addendum to the Note does not apply. Exception cleared. Buyer Comment (2024-06-28): Subject loan does not have a prepay, therefore, addendum to the Note does not apply. Please review and consider waiving condition |
07/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | D | A | D | A | A | A | N/A | Yes | |||||||||||||||
| (redacted) | 30 | (redacted) | 31690080 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Guidelines require the inherited property to be vested in the borrower's name. The subject is in the prior owner's name. | Reviewer Comment (2024-07-15): [redacted] of title commitment verified title iin borrower name since [redacted]. Buyer Comment (2024-07-09): Title Commitment, page [redacted], shows title is vested in the borrower and has been since [redacted]. |
07/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 31 | (redacted) | 31690110 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved at origination to allow assignment of Purchase Contract. (Guidelines do not allow for assignments of the Purchase Contract). | Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous Miscellaneous |
Prior homeownership Experience (No FC or SS) Substantial cash reserves. |
SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-06-28): Lender Exception with Compensating Factors. |
06/28/2024 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||
| (redacted) | 31 | (redacted) | 31690111 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | OFAC was not provided for the borrowing entity. | Reviewer Comment (2024-07-09): OFAC Search for borrowing entity received. Exception Cleared. Buyer Comment (2024-07-08): OFAC uploaded. |
07/09/2024 | 1 | C | A | C | A | C | A | C | A | D | A | VA | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 32 | (redacted) | 31690160 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Guidelines require minimum [redacted] FICO for investor advantage and for using proceeds from transaction for reserves, borrower has FICO score of [redacted]. | Borrower has owned the subject property for at least [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%. Borrower has a clean housing payment history |
Prior homeownership experience (No FC or Short Sale). | SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2024-07-09): Lender exception with compensating factors. |
07/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 32 | (redacted) | 31690161 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in a FEMA disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [redacted] declared end date. | Reviewer Comment (2024-08-12): Received Property inspection report with photos dated [redacted]. Exception cleared. Buyer Comment (2024-08-08): Disaster reinspection uploaded. |
08/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 33 | (redacted) | 31690223 | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | The subject lender's Mortgages Clause was not listed on the Hazard Insurance Policy located within the loan file. | Reviewer Comment (2024-08-26): Provided. Buyer Comment (2024-08-22): Hazard insurance with correct mortgagee clause uploaded. |
08/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 34 | (redacted) | 32960941 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide the VOM for the liens being paid through closing | Experienced Rental Investor, $[redacted] cashout, [redacted] Lender deals closed | Originator | Reviewer Comment (2019-08-07): Client elects to waive the exception with verified compensation factors Reviewer Comment (2019-08-01): The VOM's for the judgement are not being requested. They are being requested for [redacted] liens being paid through close |
08/07/2019 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| (redacted) | 34 | (redacted) | 32960942 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Lien(s) negatively impacting title | [redacted] on title search | Borrower cashed out over $[redacted], DSCR above minimum, experienced NJ investor | Originator | Reviewer Comment (2019-08-01): Client elects to waive the exception with verified compensation factors |
08/01/2019 | 2 | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||||
| (redacted) | 35 | (redacted) | 32961964 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2019-11-13): Received Buyer Comment (2019-11-11): uploaded |
11/13/2019 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| (redacted) | 35 | (redacted) | 32961967 | Credit | Borrower and Mortgage Eligibility | Credit Eligibility | Borrower and Mortgage Eligibility | Non-permanent Resident Aliens or Foreign Nationals are considered on a case by case basis. Confirm residency requirements with Investor Guidelines. | - | A Foreign National borrower is allowed (including non-resident alien who is not authorized to live or work in the US or a borrower that holds a work visa); however, such entities are requires to set up [redacted] | [redacted] FICO | Aggregator | Reviewer Comment (2019-11-18): Waived with comp factors Buyer Comment (2019-11-15): [redacted] has agreed to waive. Comp factors are FICO LTV |
11/18/2019 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 36 | (redacted) | 32961980 | Credit | Asset | Asset Documentation | Asset | Asset documentation is missing from the file and required per guidelines. | Missing Operating Agreement or Corporate Resolution for [redacted] in order to prove access to funds in [redacted] business account [redacted] | [redacted] FICO | Aggregator | Reviewer Comment (2019-11-18): Waived with comp factor Buyer Comment (2019-11-15): [redacted] has agreed to waive. Comp factors are FICO, LTV and DSCR |
11/18/2019 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| (redacted) | 38 | (redacted) | 32962027 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover [redacted] | Please provide the HUD-1 for the [redacted] refinance of [redacted][redacted], which is the source of funds for the new purchase. | Reviewer Comment (2019-09-17): Cleared based on documents provided. Buyer Comment (2019-09-16): Uploaded |
09/17/2019 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 38 | (redacted) | 32962030 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Spousal Consent Form not provided | Reviewer Comment (2019-09-16): Elevated Review with internal counsel verifies not required in this instance Buyer Comment (2019-09-13): Not required in [redacted] In [redacted], the non-borrowing spousal signature requirement is based on the homestead exemption in the [redacted] Constitution. Since we're only lending on non-homestead transactions, the signature of the non-borrowing spouse is required only if their name appears on title (refinance) or if title will vest in their name (purchase). Under the [redacted] Family Code §§5.21, 5.22, and 5.24, either spouse may purchase or refinance property in his or her own name without the joinder of the other spouse. [redacted]. Family Code §§5.21 and 5.22 establish a presumption of sole management, control, and disposition of the sole spouse. Under [redacted]. Family Code §5.24, third persons are entitled to rely upon those presumptions in the absence of fraud, actual notice, or constructive notice to the contrary. |
09/16/2019 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 40 | (redacted) | 32962043 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | [redacted] will rely on Credit Reps and Warrants. | Aggregator | Reviewer Comment (2019-09-20): [redacted] will rely on Credit Reps and Warrants. |
09/20/2019 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| (redacted) | 40 | (redacted) | 32962044 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Missing authorization for [redacted] to sign on behalf of the [redacted]. | Reviewer Comment (2019-10-01): Document provided, cleared. Buyer Comment (2019-09-23): Corp resolution is not required, please see attached written consent |
10/01/2019 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 41 | (redacted) | 32962073 | Credit | Guideline | Guideline Issue | Guideline | Asset verification is less than [redacted] months verified as required by guidelines. | - | Guidelines require [redacted] months only received [redacted] statement. | [redacted] FICO | Aggregator | Reviewer Comment (2019-04-23): Client elects to waive. Loan closed [redacted]. Refi and borrower brought [redacted] to close. Borrower subject in purchased in [redacted] mortgage history since [redacted], [redacted] statement submitted reflects [redacted] cash on hand. Borrower has bank statements in file for [redacted] other [redacted] with supporting income of [redacted] as well. |
04/23/2019 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 41 | (redacted) | 32962074 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Guidelines require [redacted] months only received [redacted] statement. | [redacted] FICO | Aggregator | Reviewer Comment (2019-04-23): Client elects to waive. Loan closed [redacted]. Refi and borrower brought [redacted] to close. Borrower subject in purchased in [redacted] mortgage history since [redacted], [redacted] statement submitted reflects [redacted] cash on hand. Borrower has bank statements in file for [redacted] with supporting income of [redacted] as well. |
04/23/2019 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 41 | (redacted) | 32962075 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing: Property Management Questionnaire | Reviewer Comment (2019-04-04): Exception cleared. Received property management questionnaire. |
04/04/2019 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 43 | (redacted) | 32962079 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Verified a total assets of [redacted]. Borrower had to come to closing with [redacted] | Reviewer Comment (2019-04-19): HUD-1 provided for [redacted] additional properties that closed simultaneously. Borrower has sufficient cash to close. Exception cleared. |
04/19/2019 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 43 | (redacted) | 32962080 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Required per Note. | Reviewer Comment (2019-04-19): ACH provided. Exception cleared. |
04/19/2019 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 43 | (redacted) | 32962081 | Credit | Credit | Credit Documentation | Credit | Absence of Business Purpose Certificate and/or Non-Owner Occupancy Declaration and/or UW Business Purpose Analysis and thus casts doubt on the business purpose of the loan. | Reviewer Comment (2019-04-19): Business purpose declaration provided. Exception cleared. |
04/19/2019 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 43 | (redacted) | 32962082 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Verified a total assets of [redacted]. Borrower had to come to closing with [redacted]. Still short [redacted] months in reserves. | Reviewer Comment (2019-04-19): HUD-1 provided for 3 other properties that closed simultaneously. Reserves are sufficient. Exception cleared. |
04/19/2019 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 44 | (redacted) | 32962084 | Credit | Guideline | Guideline Issue | Guideline | Minimum of [redacted] square feet of gross living area required per company guidelines. | minimum [redacted] square feet for SFD/Townhomes. Subject is a [redacted]. Compensating Factors: Urban and common for the area. | [redacted] FICO | Aggregator | Reviewer Comment (2019-04-22): Client elects to waive. Buyer Comment (2019-04-22): [redacted] Square feet accepted |
04/22/2019 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| (redacted) | 44 | (redacted) | 32962085 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | PDTI of [redacted] exceeds the maximum allowed of [redacted] per guidelines. | [redacted] FICO | Aggregator | Reviewer Comment (2019-04-22): Client elects to waive. Buyer Comment (2019-04-22): PDTI exception, accepted based on comp factors, [redacted] mortgage history since [redacted] |
04/22/2019 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| (redacted) | 45 | (redacted) | 32962091 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | > [redacted] days old | Reviewer Comment (2019-05-07): Document provided was not in file at time of review. COGS is within 180 days. Buyer Comment (2019-05-07): COGS for borrowing entity was pulled [redacted] which by guidelines is well before the [redacted]-day expiration |
05/07/2019 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 48 | (redacted) | 32962099 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Mising Document: Closing Protection Letter not provided. | CPL covers [redacted] properties while Note/DOT/Title cover [redacted] properties | Reviewer Comment (2019-08-09): Revised CPL provided. Reviewer Comment (2019-08-05): Same CPL was uploaded that was in file at time of review. Per original condition, CPL covers [redacted] properties while Note/DOT/Title cover [redacted] properties |
08/09/2019 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||||
| (redacted) | 48 | (redacted) | 32962100 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Letter of Explanation (LOE) not provided | Provide the LOE on C/O proceeds | Reviewer Comment (2019-07-26): LOE provided |
07/26/2019 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||||
| (redacted) | 48 | (redacted) | 32962101 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the documented improvements for the properties on [redacted] | Reviewer Comment (2019-07-29): Before pictures provided for both properties which is sufficient per lender's guidelines Buyer Comment (2019-07-29): Attached listing shows before pictures which is sufficient documentation of repairs completed Reviewer Comment (2019-07-26): If the appraised value is [redacted] the purchase price and the property has been owned for [redacted] months, documented improvements are required to support the increased value per guidelines. Buyer Comment (2019-07-26): Neither of these properties are the subject properties. They are both rental properties owned by the borrower. Why is the documentation of repairs completed needed?// My apologies I see now that they are part of the portfolio. I am still unsure of why the repairs need to be documented? thanks. |
07/29/2019 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||||
| (redacted) | 48 | (redacted) | 32962102 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | Provide the lease agreements for the properties on [redacted] | Reviewer Comment (2019-07-26): Lease agreements provided |
07/26/2019 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||||
| (redacted) | 48 | (redacted) | 32962104 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The CDA for the property on [redacted] reflects it reviewed an appraisal with a value of [redacted], however appraisal in file reflects a value of [redacted] for this property. | Reviewer Comment (2019-07-26): Updated appraisal provided Buyer Comment (2019-07-26): Appraisal showing [redacted] value |
07/26/2019 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||||
| (redacted) | 48 | (redacted) | 32962105 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | The credit report in file dated [redacted] is not scored. | Reviewer Comment (2019-07-26): Scored report provided Buyer Comment (2019-07-26): Please see the attached exception to use the previous credit report. The report you are referring to is a soft pull. Soft pulls only update tradelines and not the scores. |
07/26/2019 | 1 | D | A | D | A | D | A | D | A | D | A | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||||
| (redacted) | 48 | (redacted) | 32962106 | Credit | Credit | Credit Documentation | Guideline | Aged document: Credit Report is more than [redacted] days prior to the note date. | - | Experienced investor, Blended DSCR > [redacted], [redacted] out of [redacted] properties are leased | Originator | Reviewer Comment (2019-07-26): Client elects to waive the exception with verified compensation factors |
07/26/2019 | 2 | B | B | B | B | B | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||||||
| (redacted) | 49 | (redacted) | 32962107 | Credit | Insurance | Insurance Analysis | Insurance | Hazard Insurance Policy expires within [redacted] days of the Note Date. | Hazard Insurance Policy Expiration Date ___, Note Date ___ | [redacted] middle FICO, no delinquencies on credit [redacted] FICO, Experienced MD investor, $[redacted]k liquid capital |
Originator Aggregator |
Reviewer Comment (2019-08-15): Client elects to waive the exception with verified compensating factors |
08/15/2019 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||
| (redacted) | 49 | (redacted) | 32962109 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception in file for foreclosure filing with Guarantor | [redacted] middle FICO, no delinquencies on credit | Originator | Reviewer Comment (2019-08-05): Client elects to waive the exception with verified compensation factors |
08/05/2019 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||
| (redacted) | 52 | (redacted) | 32962119 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [redacted] per unit value required, only [redacted] given. Lender exception provided | [redacted] FICO Experienced borrower strong cash flow DSCR > [redacted], property leased |
Aggregator Aggregator |
Reviewer Comment (2019-10-07): Client elects to waive the exception with verified compensation factors |
10/07/2019 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||
| (redacted) | 53 | (redacted) | 32962121 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception in file for SP VOm shows that the account is not current with an explanation. | [redacted] FICO with no delinquencies, [redacted]+ months reserves | Originator | Reviewer Comment (2019-10-07): : Client elects to waive the exception with verified compensation factors |
10/07/2019 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||
| (redacted) | 54 | (redacted) | 32962129 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to go in a securitization and reflects only [redacted] valuation product when [redacted] are required. | Reviewer Comment (2019-07-29): Received AVM |
07/29/2019 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | |||||||||||||||
| (redacted) | 54 | (redacted) | 32962130 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to go in a securitization and secondary valuation does not support the appraised value within a [redacted] tolerance. The lower value was not used to calculate LTV. | Reviewer Comment (2019-08-20): Received CDA |
08/20/2019 | 1 | A | A | A | A | A | MD | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 54 | (redacted) | 32962131 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Leases loan is to go into a securitization and highest level secondary valuation supports the qualifying value. There is a lower level tertiary valuation in file which is invalid or does not support the qualifying value. | Reviewer Comment (2020-01-03): Waiving as EV2 exception, non-material |
01/03/2020 | 2 | B | B | B | B | B | MD | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 55 | (redacted) | 32962135 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to go in a securitization and reflects only [redacted] valuation product when two are required. | Reviewer Comment (2019-07-29): Received AVM |
07/29/2019 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | |||||||||||||||
| (redacted) | 55 | (redacted) | 32962136 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to go into a securitization and secondary valuation is required. The secondary valuation in file is an invalid AVM (FSD is not [redacted] or less). Loan will require a supporting desk review or better. | Reviewer Comment (2019-08-20): received CDA |
08/20/2019 | 1 | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 55 | (redacted) | 32962137 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Leases loan is to go into a securitization and highest level secondary valuation supports the qualifying value. There is a lower level tertiary valuation in file which is invalid or does not support the qualifying value. | Reviewer Comment (2020-01-03): Waiving as EV2 exception, non-material |
01/03/2020 | 2 | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 56 | (redacted) | 32962142 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to go in a securitization and reflects only [redacted] valuation product when two are required. | Reviewer Comment (2019-07-29): Received AVM |
07/29/2019 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | |||||||||||||||
| (redacted) | 56 | (redacted) | 32962143 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to go into a securitization and secondary valuation is required. The secondary valuation in file is an invalid AVM (FSD is not [redacted] or less). Loan will require a supporting desk review or better. | Reviewer Comment (2019-08-20): received CDA |
08/20/2019 | 1 | A | A | A | A | A | MD | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 56 | (redacted) | 32962144 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Leases loan is to go into a securitization and highest level secondary valuation supports the qualifying value. There is a lower level tertiary valuation in file which is invalid or does not support the qualifying value. | Reviewer Comment (2020-01-03): Waiving as EV2 exception, non-material |
01/03/2020 | 2 | B | B | B | B | B | MD | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 57 | (redacted) | 32962158 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to go in a securitization and reflects only [redacted] valuation product when [redacted] are required. | Reviewer Comment (2019-07-29): Received AVM |
07/29/2019 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | N/A | No | |||||||||||||||
| (redacted) | 57 | (redacted) | 32962159 | Credit | Borrower and Mortgage Eligibility | Borrower Eligibility | Borrower and Mortgage Eligibility | Borrower has been convicted of fraud/misrepresentation or felony. Borrower is ineligible. | - | Background check indicates guarantor was previously convicted of identity theft/fraud. | Reviewer Comment (2019-07-16): Case dismissal provided. Buyer Comment (2019-07-05): Case dismissals uploaded. |
07/16/2019 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | N/A | No | |||||||||||||
| (redacted) | 57 | (redacted) | 32962160 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to go into a securitization and secondary valuation is required. The secondary valuation in file is an invalid AVM (FSD is not [redacted] or less). Loan will require a supporting desk review or better. | Reviewer Comment (2019-08-20): received CDA |
08/20/2019 | 1 | A | A | A | A | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 57 | (redacted) | 32962161 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Leases loan is to go into a securitization and highest level secondary valuation supports the qualifying value. There is a lower level tertiary valuation in file which is invalid or does not support the qualifying value. | Reviewer Comment (2020-01-03): Waiving as EV2 exception, non-material |
01/03/2020 | 2 | B | B | B | B | B | MD | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 58 | (redacted) | 32962170 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to go in a securitization and reflects only [redacted] valuation product when [redacted] are required. | Reviewer Comment (2019-07-29): Received AVM |
07/29/2019 | 1 | C | A | C | A | C | A | C | A | C | A | WV | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | |||||||||||||||
| (redacted) | 58 | (redacted) | 32962171 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to go into a securitization and secondary valuation is required. The secondary valuation in file is an invalid AVM (FSD is not [redacted] or less). Loan will require a supporting desk review or better. | Reviewer Comment (2019-08-20): received CDA |
08/20/2019 | 1 | A | A | A | A | A | WV | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 58 | (redacted) | 32962172 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Leases loan is to go into a securitization and highest level secondary valuation supports the qualifying value. There is a lower level tertiary valuation in file which is invalid or does not support the qualifying value. | Reviewer Comment (2020-01-03): Waiving as EV2 exception, non-material |
01/03/2020 | 2 | B | B | B | B | B | WV | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 59 | (redacted) | 32962174 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to go in a securitization and reflects only [redacted] valuation product when [redacted] are required. | Reviewer Comment (2019-07-29): Received AVM |
07/29/2019 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | |||||||||||||||
| (redacted) | 59 | (redacted) | 32962175 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to go into a securitization and secondary valuation is required. The secondary valuation in file is an invalid AVM (FSD is not [redacted] or less). Loan will require a supporting desk review or better. | Reviewer Comment (2019-08-20): received CDA |
08/20/2019 | 1 | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 59 | (redacted) | 32962176 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Leases loan is to go into a securitization and highest level secondary valuation supports the qualifying value. There is a lower level tertiary valuation in file which is invalid or does not support the qualifying value. | Reviewer Comment (2020-01-03): Waiving as EV2 exception, non-material |
01/03/2020 | 2 | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 60 | (redacted) | 32962178 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to go in a securitization and reflects only [redacted] valuation product when [redacted] are required. | Reviewer Comment (2019-07-29): Received AVM |
07/29/2019 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | A | A | A | C | A | N/A | No | |||||||||||||||
| (redacted) | 60 | (redacted) | 32962179 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Securitization Leases Review and the supporting secondary valuation was an AVM | Reviewer Comment (2025-03-03): Fitch AVM requirements have changed Reviewer Comment (2025-03-03): Re open Reviewer Comment (2020-01-03): Waiving as EV2 |
03/03/2025 | 1 | A | A | A | A | A | MD | Investment | Refinance - Cash-out - Other | C | A | A | A | C | A | N/A | No | ||||||||||||||||||||
| (redacted) | 61 | (redacted) | 32962189 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to go in a securitization and reflects only [redacted] valuation product when [redacted] are required. | Reviewer Comment (2019-09-03): Received CDA |
09/03/2019 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | N/A | No | |||||||||||||||
| (redacted) | 61 | (redacted) | 32962190 | Credit | Asset | Asset Documentation | Asset | Missing Document: Asset Documentation not provided | [redacted] account is in the name of [redacted]. Documentation to verify borrower's ownership not provided. | Reviewer Comment (2019-07-23): Verification of ownership provided. Buyer Comment (2019-07-23): Please note the account opening information provided showing that there are [redacted] of the bank account. [redacted] of the balance was used. |
07/23/2019 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | N/A | No | ||||||||||||||
| (redacted) | 61 | (redacted) | 32962191 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to go into a securitization and secondary valuation is required. The secondary valuation in file is an invalid AVM (FSD is not [redacted] or less). Loan will require a supporting desk review or better. | Reviewer Comment (2019-09-03): Received CDA |
09/03/2019 | 1 | A | A | A | A | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 61 | (redacted) | 32962192 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Leases loan is to go into a securitization and highest level secondary valuation supports the qualifying value. There is a lower level tertiary valuation in file which is invalid or does not support the qualifying value. | Reviewer Comment (2020-01-03): Waiving as EV2 exception, non-material |
01/03/2020 | 2 | B | B | B | B | B | MD | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 62 | (redacted) | 32962201 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to go in a securitization and reflects only [redacted] valuation product when [redacted] are required. | Reviewer Comment (2019-09-03): Received CDA |
09/03/2019 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | |||||||||||||||
| (redacted) | 62 | (redacted) | 32962202 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to go into a securitization and secondary valuation is required. The secondary valuation in file is an invalid AVM (FSD is not .2 or less). Loan will require a supporting desk review or better. | Reviewer Comment (2019-09-03): Received CDA |
09/03/2019 | 1 | A | A | A | A | A | AZ | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 62 | (redacted) | 32962203 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Leases loan is to go into a securitization and highest level secondary valuation supports the qualifying value. There is a lower level tertiary valuation in file which is invalid or does not support the qualifying value. | Reviewer Comment (2020-01-03): Waiving as EV2 exception, non-material |
01/03/2020 | 2 | B | B | B | B | B | AZ | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 63 | (redacted) | 32962204 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to go in a securitization and reflects only [redacted] valuation product when [redacted] are required. | Reviewer Comment (2019-09-03): Received CDA |
09/03/2019 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | |||||||||||||||
| (redacted) | 63 | (redacted) | 32962206 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to go into a securitization and secondary valuation is required. The secondary valuation in file is an invalid AVM (FSD is not [redacted] or less). Loan will require a supporting desk review or better. | Reviewer Comment (2019-09-03): Received CDA |
09/03/2019 | 1 | A | A | A | A | A | PA | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 63 | (redacted) | 32962207 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Leases loan is to go into a securitization and highest level secondary valuation supports the qualifying value. There is a lower level tertiary valuation in file which is invalid or does not support the qualifying value. | Reviewer Comment (2020-01-03): Waiving as EV2 exception, non-material |
01/03/2020 | 2 | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 64 | (redacted) | 32962209 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to go in a securitization and reflects only [redacted] valuation product when [redacted] are required. | Reviewer Comment (2019-09-03): Received CDA |
09/03/2019 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | |||||||||||||||
| (redacted) | 64 | (redacted) | 32962210 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to go into a securitization and secondary valuation is required. The secondary valuation in file is an invalid AVM (FSD is not [redacted] or less). Loan will require a supporting desk review or better. | Reviewer Comment (2019-09-03): Received CDA |
09/03/2019 | 1 | A | A | A | A | A | MD | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 64 | (redacted) | 32962211 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Leases loan is to go into a securitization and highest level secondary valuation supports the qualifying value. There is a lower level tertiary valuation in file which is invalid or does not support the qualifying value. | Reviewer Comment (2020-01-03): Waiving as EV2 exception, non-material |
01/03/2020 | 2 | B | B | B | B | B | MD | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 65 | (redacted) | 32962222 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to go in a securitization and reflects only [redacted] valuation product when [redacted] are required. | Reviewer Comment (2019-09-27): Received secondary valuation produce |
09/27/2019 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | A | A | A | C | A | N/A | No | |||||||||||||||
| (redacted) | 65 | (redacted) | 32962223 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Securitization Leases Review and the supporting secondary valuation was an AVM | Reviewer Comment (2025-03-03): Fitch AVM requirements have changed Reviewer Comment (2025-03-03): Re open Reviewer Comment (2020-01-03): Waiving as EV2 |
03/03/2025 | 1 | A | A | A | A | A | MD | Investment | Refinance - Cash-out - Other | C | A | A | A | C | A | N/A | No | ||||||||||||||||||||
| (redacted) | 66 | (redacted) | 32962225 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to go in a securitization and reflects only [redacted] valuation product when [redacted] are required. | Reviewer Comment (2019-09-03): Received CDA |
09/03/2019 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | |||||||||||||||
| (redacted) | 66 | (redacted) | 32962227 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to go in a securitization and secondary valuation does not support the appraised value within a [redacted] tolerance. The lower value was not used to calculate LTV. | Reviewer Comment (2019-09-03): Received CDA |
09/03/2019 | 1 | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 66 | (redacted) | 32962228 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Leases loan is to go into a securitization and highest level secondary valuation supports the qualifying value. There is a lower level tertiary valuation in file which is invalid or does not support the qualifying value. | Reviewer Comment (2020-01-03): Waiving as EV2 exception, non-material |
01/03/2020 | 2 | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 67 | (redacted) | 32962230 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to go in a securitization and reflects only [redacted] valuation product when [redacted] are required. | Reviewer Comment (2019-09-03): Received CDA |
09/03/2019 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | B | D | A | C | B | N/A | No | |||||||||||||||
| (redacted) | 67 | (redacted) | 32962232 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Credit report is missing for Guarantor [redacted] | Reviewer Comment (2019-08-12): Credit report provided for Guarantor Michael Cianciotto Buyer Comment (2019-08-06): Credit Report uploaded. |
08/12/2019 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Investment | Refinance - Cash-out - Other | D | B | D | A | C | B | N/A | No | ||||||||||||||
| (redacted) | 67 | (redacted) | 32962233 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to go in a securitization and secondary valuation does not support the appraised value within a [redacted] tolerance. The lower value was not used to calculate LTV. | Reviewer Comment (2019-09-03): Received CDA |
09/03/2019 | 1 | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | D | B | D | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 67 | (redacted) | 32962234 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Leases loan is to go into a securitization and highest level secondary valuation supports the qualifying value. There is a lower level tertiary valuation in file which is invalid or does not support the qualifying value. | Reviewer Comment (2020-01-03): Waiving as EV2 exception, non-material |
01/03/2020 | 2 | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | D | B | D | A | C | B | N/A | No | ||||||||||||||||||||
| (redacted) | 68 | (redacted) | 33639539 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | File is missing final Settlement Statement/HUD-1. | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): Final |
03/13/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 68 | (redacted) | 33639540 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Max LTV [redacted] for rate/term refinance with loan amounts between [redacted]. Waived with compensating factors per lender exception approval at origination. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Reserves: [redacted] Guideline Requirement: [redacted] |
Originator,SitusAMC | Reviewer Comment (2025-03-16): Waived with compensating factors per lender exception approval received in trailing docs. Buyer Comment (2025-03-13): exception Reviewer Comment (2025-03-12): Page [redacted] is not completed. Exception has not been approved. Buyer Comment (2025-03-10): exception |
03/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||
| (redacted) | 68 | (redacted) | 33639541 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bylaws not provided | Missing for [redacted]. | Reviewer Comment (2025-03-12): clear Buyer Comment (2025-03-10): By-laws |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 71 | (redacted) | 33639545 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 | Note Date: ___; Lien Position: ___ | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Reserves: [redacted] Guideline Requirement: [redacted] |
SitusAMC | Reviewer Comment (2025-03-11): Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Exception Explanation: Note Date: [redacted]; Lien Position: [redacted] Waived with compensating factors at clients request. Buyer Comment (2025-03-07): Lender accepts. Please waive |
03/11/2025 | 2 | A | A | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | N/A | No | |||||||||||
| (redacted) | 76 | (redacted) | 33639552 | Credit | Investment Product | General | Investment Product | REO property does not have a lease in place and required by guidelines. | - | Appraisal indicates tenant occupied, lease is not provided. | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): lease |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 77 | (redacted) | 33639554 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Lender exception for loan amount under [redacted]. Compensating factors: DSCR over [redacted], experienced lender. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. |
Reserves: [redacted] Guideline Requirement: [redacted] Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-12): Lender exception for loan amount under [redacted]. Compensating factors: DSCR over [redacted], experienced lender. Buyer Comment (2025-03-09): Per the Lender exception in file please waive this condition due to the following compensating factors: DSCR over [redacted], experienced property manager/landlord. Borrower has good credit with no bk's or foreclosures. Borrower has good credit depth and tradelines. No mortgage lates. Thank you. Reviewer Comment (2025-03-07): Lender exception for loan amount under [redacted]. Compensating factors: DSCR over [redacted], experienced lender. Waived with compensating factors per lender exception approval at origination. |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WV | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 77 | (redacted) | 33639555 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception in file for a borrower who exceeds the max exposure of [redacted] loans. Compensating factors: DSCR over [redacted], experienced lender. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. |
Reserves: [redacted] Guideline Requirement: [redacted] Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-12): Exception in file for a borrower who exceeds the max exposure of [redacted] loans. Compensating factors: DSCR over [redacted], experienced lender. Buyer Comment (2025-03-09): Per the Lender exception in file please waive this condition due to the following compensating factors: DSCR over [redacted], experienced property manager/landlord. Borrower has good credit with no bk's or foreclosures. Borrower has good credit depth and tradelines. No mortgage lates. Thank you. Reviewer Comment (2025-03-07): Exception in file for a borrower who exceeds the max exposure of [redacted] loans. Compensating factors: DSCR over [redacted], experienced lender. Waived with compensating factors per lender exception approval at origination. |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WV | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 78 | (redacted) | 33639557 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Loan amount [redacted] is less than allowed minimum loan amount [redacted]. Lender exception in file approving the loan amount using compensating factors. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. |
Reserves: [redacted] Guideline Requirement: [redacted] Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-07): Loan amount [redacted] is less than allowed minimum loan amount [redacted]. Lender exception in file approving the loan amount using compensating factors. Waived with compensating factors per lender exception approval at origination. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WV | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 78 | (redacted) | 33639558 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Appraisal and desk review show property address as [redacted] versus note address of [redacted]. Per United states postal service both addresses exist. |
Reviewer Comment (2025-03-31): clear Buyer Comment (2025-03-31): Please see attached corrected Appraisal that does NOT reflected the [redacted] in address. Please discard the previous Appraisal that reflects that [redacted] in the address. That should not have been uploaded to you as a "trailing document". My apologies. Thanks so much! Reviewer Comment (2025-03-26): [redacted] reflects the [redacted]. Buyer Comment (2025-03-22): Appraisal in file reflects the [redacted] Reviewer Comment (2025-03-12): CDA is cleared. Need corrected [redacted]. Buyer Comment (2025-03-10): Please find the attached corrected address on the CDA. Thank you. |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WV | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| (redacted) | 78 | (redacted) | 33639559 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception in file the borrowers loans exceeding the maximum exposure of [redacted]. This was approved with compensating factors. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. |
Reserves: [redacted] Guideline Requirement: [redacted] Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-07): Lender exception in file the borrowers loans exceeding the maximum exposure of [redacted]. This was approved with compensating factors. Waived with compensating factors per lender exception approval at origination. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WV | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 79 | (redacted) | 33639560 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is missing in the file. | Reviewer Comment (2025-03-12): clear Buyer Comment (2025-03-10): Fraud |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 80 | (redacted) | 33639562 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | File is missing final signed and dated final HUD-1. | Reviewer Comment (2025-03-12): clear Buyer Comment (2025-03-11): Final |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 80 | (redacted) | 33639563 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Maximum LTV for rate/term refinamce for loan amounts [redacted]. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-14): Waived with compensating factors per lender exception approval received in trailing docs. Buyer Comment (2025-03-12): exception Reviewer Comment (2025-03-12): Exception is not approved. Provide an approved lender exception. Buyer Comment (2025-03-10): exception |
03/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 84 | (redacted) | 33639567 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard insurance coverage is insufficient. Shortfall is [redacted]. | Reviewer Comment (2025-03-12): clear Buyer Comment (2025-03-10): [redacted]-Updated HOI Policy-Please see most recent policy which reflects a dwelling coverage of [redacted] in coverage. |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 84 | (redacted) | 33639568 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal reflects property is tenant occupied. No lease was provided and the lease amount is not provided on the [redacted]. | Reviewer Comment (2025-03-20): cleared Buyer Comment (2025-03-18): Please see attached Appraisal/1007 on page [redacted]. Thank you. |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 85 | (redacted) | 33639569 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | The homeowner's insurance declarations page in the file verified an effective date of [redacted] which is after the consummation date of [redacted]. Provide a revised homeowner's insurance declaration page or policy verifying coverage in effect at or prior to consummation. | Reviewer Comment (2025-03-14): Received HOI effective at time of closing. Buyer Comment (2025-03-12): HOI |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 86 | (redacted) | 33639573 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Reviewer Comment (2025-03-11): clear Buyer Comment (2025-03-10): entity cert |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||||
| (redacted) | 86 | (redacted) | 33639574 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-19): Waived with compensating factors per approved lender exception. Buyer Comment (2025-03-17): exception Reviewer Comment (2025-03-13): Subject loan closed in an entity name and guidelines require operating agreement. Client can request to waive; however, document will be required for review to clear condition. Buyer Comment (2025-03-12): Per EIN Borrower is sole member and would own [redacted] Reviewer Comment (2025-03-11): Provide documents to verify ownership percentage of the borrowing entity. Buyer Comment (2025-03-10): email from management- operating agreement is not required |
03/19/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||
| (redacted) | 88 | (redacted) | 33639576 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud report not provided. | Reviewer Comment (2025-03-12): clear Buyer Comment (2025-03-10): Fraud |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 88 | (redacted) | 33639578 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Background Check not provided | Background Verification not provided. | Reviewer Comment (2025-03-12): cleared Buyer Comment (2025-03-10): see attached Fraud |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 88 | (redacted) | 33639579 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud report not provided | Reviewer Comment (2025-03-12): clear Buyer Comment (2025-03-10): see attached Fraud |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 88 | (redacted) | 33639580 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | File is missing OFAC verification. | Reviewer Comment (2025-03-12): clear Buyer Comment (2025-03-10): see attached Fraud |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 89 | (redacted) | 33639582 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The ID documentation (license, passport, Visa) does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | Borrower's drivers license disclosed subject property as his residence. | Reviewer Comment (2025-03-12): clear Buyer Comment (2025-03-10): ID was issued [redacted] greater than [redacted] years ago. Borrower provided a rent free letter stating his current address. |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 91 | (redacted) | 33639585 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Please provide a complete, executed copy of the company bylaws. | Reviewer Comment (2025-03-18): clear Buyer Comment (2025-03-14): Bylaws |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 91 | (redacted) | 33639586 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing. | Reviewer Comment (2025-03-12): clear Buyer Comment (2025-03-10): Entity cert |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 92 | (redacted) | 33639590 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): entity |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 94 | (redacted) | 33639592 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | File is missing final signed and dated HUD-1. | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): Final |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 94 | (redacted) | 33639593 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Tax lien balances over [redacted] to be paid. Lender exception in file allowing to stay open. Compensating factors: FICO score [redacted] exceeds required [redacted] and borrower has [redacted] months reserves. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] # of Properties Completed: [redacted] # of Projects (last 24 months): # of Renovation Projects Completed (purchased and exited): [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-10): Tax lien balances over [redacted] to be paid. Lender exception in file allowing to stay open. Compensating factors: FICO score [redacted] exceeds required [redacted] and borrower has [redacted] months reserves. Waived with compensating factors per lender exception approval at origination. |
03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 95 | (redacted) | 33639595 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization is not required. | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): Please find attached articles of organization. Thank you. |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 96 | (redacted) | 33639596 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Subject is a refinance and property is listed for sale. | - | Property is listed within the last [redacted] months prior to the note date. LOX is require for property listing. | Reviewer Comment (2025-04-01): clear Buyer Comment (2025-03-31): Please find attached loe from Borrower regarding previous listing of property. Thank you. Buyer Comment (2025-03-31): Please see attached LOX. Thank you. Reviewer Comment (2025-03-26): Guidelines do not provide any time frame. They just state that listing must be cancelled and the borrower is to provide a letter of explanation in writing stating the reason for the prior listing. Buyer Comment (2025-03-24): The listing for sale was not recent. It was dated back on [redacted]. Listing was removed on[redacted] and was listed for rent on [redacted]. The appraisal was dated [redacted] after the listing was removed Reviewer Comment (2025-03-20): Provide explanation from borrower stating the reason for the listing. Buyer Comment (2025-03-19): My apologies per the Appraiser the subjects listing was cancelled on [redacted] and the Note date is [redacted]. Please clear. Thank you. Buyer Comment (2025-03-18): Our GL does not require it. We will not honor this request. The listing was taken off on the [redacted] and Note date is dated on [redacted] |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 96 | (redacted) | 33639598 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | File is missing verification of [redacted] months reserves. Bank statement in file is not in borrower or guarantor's name. | Reviewer Comment (2025-03-26): Cleared with fraud and credit report. Buyer Comment (2025-03-25): Please see attached as the "aka's" are addressed on the credit report and the fraud guard. If this is not acceptable, please provide additional detail as to what exactly you need to clear this condition. Thanks so much. Reviewer Comment (2025-03-20): Need evidence that [redacted] is same as [redacted]. Buyer Comment (2025-03-18): Please see attached [redacted] Thank you. |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 97 | (redacted) | 33639599 | Credit | Investment Product | General | Investment Product | REO property does not have a lease in place and required by guidelines. | - | Appraisal states tenant occupied, lease is not provided. | Reviewer Comment (2025-03-16): Received Buyer Comment (2025-03-13): rent Buyer Comment (2025-03-13): loe rent Buyer Comment (2025-03-13): lease Buyer Comment (2025-03-13): rent payment Reviewer Comment (2025-03-13): In order to use the new lease with a higher rent amount than the market rent, we need the proof of [redacted] months receipt of rent or proof of sec deposit & [redacted] months rent. Buyer Comment (2025-03-11): If the 1007 or 1025 shows active lease, no lease will be required. |
03/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 97 | (redacted) | 33639601 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Average lease on appraisal shows [redacted] for our subject property. Appraisal states Lease begins [redacted], however no lease in file to support this date or income. File closed on [redacted], per appraisal lease began on [redacted]. | Reviewer Comment (2025-03-16): Received lease and evidence of security deposit and [redacted] months payment to use higher lease amount. Buyer Comment (2025-03-13): see attached docs Reviewer Comment (2025-03-13): In order to use the new lease with a higher rent amount than the market rent, we need the proof of [redacted] months receipt of rent or proof of sec deposit & [redacted] months rent. Buyer Comment (2025-03-11): If the 1007 or 1025 shows active lease, no lease will be required. |
03/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 98 | (redacted) | 33639603 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Provide either a secondary appraisal or FNMA SSR with a score of [redacted] or lower. | Reviewer Comment (2025-03-13): CDA received. Buyer Comment (2025-03-12): CDA |
03/13/2025 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | ||||||||||||||
| (redacted) | 98 | (redacted) | 33639604 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Approved lender exception to allow [redacted] loan amount vs min [redacted]. Comp Factors - 1. DSCR >[redacted] 2. [redacted] mo own funds reserves. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Borrower own reserves [redacted] months. | Originator Pre-Close,SitusAMC | Reviewer Comment (2025-03-13): Waived with compensating factors per lender exception approval at origination. Buyer Comment (2025-03-12): exception Buyer Comment (2025-03-12): please clear condition; status is still open Reviewer Comment (2025-03-10): Approved lender exception to allow [redacted] loan amount vs min [redacted]. Comp Factors - 1. [redacted] 2. [redacted] mo own funds reserves. Waived with compensating factors per lender exception approval at origination. |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | ||||||||||
| (redacted) | 99 | (redacted) | 33639606 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing not provided. | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): LLC was formed within last [redacted] months. Cert of Good standing is not required. |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 99 | (redacted) | 33639608 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Provide secondary appraisal meeting guideline requirments. | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): CDA |
03/13/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 99 | (redacted) | 33639609 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | File is missing final signed and dated HUD-1 in the business name to match the note. | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): Final |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 99 | (redacted) | 33639611 | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | Reviewer Comment (2025-03-20): clear Buyer Comment (2025-03-18): see attached CDA Buyer Comment (2025-03-18): CDA |
03/20/2025 | 1 | A | A | A | A | A | NY | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||||||||
| (redacted) | 99 | (redacted) | 33639612 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation does not support the value used to qualify. Sec ID: 7 | Reviewer Comment (2025-03-20): clear Buyer Comment (2025-03-19): see attached CDA |
03/20/2025 | 1 | A | A | A | A | A | NY | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||||||||
| (redacted) | 101 | (redacted) | 33639615 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): Fraud |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 101 | (redacted) | 33639616 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): see attached |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 101 | (redacted) | 33639617 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): see attached Fraud |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 101 | (redacted) | 33639618 | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | - | OFAC missing, | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): See attached Fraud |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 101 | (redacted) | 33639619 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Background Check not provided | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): See attached Fraud |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 101 | (redacted) | 33639620 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The loan file does not document the most recent [redacted] months housing history for the Borrower's primary residence. | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): Final CD Buyer Comment (2025-03-11): Borrower is on title per fraud report, but not on the loan. See attached CD |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 102 | (redacted) | 33639621 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Full Fraud Report missing, only Alerts Summary Section provided. | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): Fraud |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | |||||||||||||
| (redacted) | 102 | (redacted) | 33639623 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): CDA |
03/13/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | |||||||||||||||
| (redacted) | 102 | (redacted) | 33639625 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide [redacted] month pay history for subject property lien. Must meet guideline requirements. | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): VOM |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 102 | (redacted) | 33639626 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide verification that the current primary residence is owned free and clear and all taxes are paid current. Or, provide a [redacted] month pay history meeting guideline requirments. | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): [redacted]is reporting [redacted]and [redacted] mtg. Mortgages match up with Fraud report. |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 104 | (redacted) | 33639629 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Subject is a refinance and property is listed for sale. | - | Property is currently listed per the 1004. All listings are required to be cancelled prior to the Note date. | Reviewer Comment (2025-03-13): Received evidence property removed from market on[redacted] and LOE from borrower as to reason for prior listing. Lower of appraised value and listing price was used in LTV calculations. Buyer Comment (2025-03-12): Please see attached updates on page [redacted]of the URAR/Addendum. Thank you. Buyer Comment (2025-03-12): GUIDELINE Buyer Comment (2025-03-12): Hello [redacted].........please see attached email that reflects the guideline for "properties listed for sale". Thank you. Buyer Comment (2025-03-12): Please see attached as subject property was removed from the[redacted]. Appraiser addendum to follow. Thank you. |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 105 | (redacted) | 33639630 | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | - | OFAC search is missing in file. | Reviewer Comment (2025-03-13): Received Buyer Comment (2025-03-12): Fraud |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | |||||||||||||
| (redacted) | 105 | (redacted) | 33639631 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud report is missing in file. | Reviewer Comment (2025-03-13): Received Buyer Comment (2025-03-12): see attached Fraud |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | |||||||||||||
| (redacted) | 105 | (redacted) | 33639632 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | Appraisal is missing in file. | Reviewer Comment (2025-03-13): Received Buyer Comment (2025-03-12): appraisal |
03/13/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CO | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 105 | (redacted) | 33639634 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | The subject property is located in a FEMA Disaster area. A post-disaster inspection verifying there was no damage to the subject property is required. | Reviewer Comment (2025-03-13): Appraisal received dated after disaster Buyer Comment (2025-03-12): appraisal dated [redacted] |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 105 | (redacted) | 33639635 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Background Check not provided | Background Check is missing in file. | Reviewer Comment (2025-03-13): Received Buyer Comment (2025-03-12): see attached Fraud |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 105 | (redacted) | 33639636 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is missing in file. | Reviewer Comment (2025-03-13): Received Buyer Comment (2025-03-12): see attached Fraud |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 105 | (redacted) | 33639637 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC is missing in file. | Reviewer Comment (2025-03-13): Received Buyer Comment (2025-03-12): see attached fraud |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 105 | (redacted) | 33639638 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Appraisal is missing in file. | Reviewer Comment (2025-03-13): Received Buyer Comment (2025-03-12): see attached appraisal |
03/13/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CO | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 105 | (redacted) | 33639639 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Missing appraisal or evidence of rent. Additional conditions may aplpy. | Reviewer Comment (2025-03-13): [redacted]received in trailing docs. Buyer Comment (2025-03-12): see attached appraisal |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 105 | (redacted) | 33639640 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Rent schedule is missing on lease property | - | Appraisal is not provided. | Reviewer Comment (2025-03-13): Received Buyer Comment (2025-03-12): see attached appraisal |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | |||||||||||||
| (redacted) | 106 | (redacted) | 33639643 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient by [redacted] | Reviewer Comment (2025-03-18): clear Buyer Comment (2025-03-14): [redacted]-Please see snip it of RCE letter where it reflects policy has Opt ID included Reviewer Comment (2025-03-13): Document provided states if the policy contains OPT ID it is [redacted]% replacement cost; however, no evidence on policy provided that OPT ID is included. Increased coverage or RCE required for review of this condition. Buyer Comment (2025-03-12): [redacted]-Please see attached LOX from [redacted] stating that there is [redacted]% replacement cost coverage on subject property |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 106 | (redacted) | 33639644 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-03-13): Received Buyer Comment (2025-03-12): Please find attached final fully executed HUD-1. Thank you. |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 107 | (redacted) | 33639645 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is not provided. | Reviewer Comment (2025-03-19): cleared. Buyer Comment (2025-03-17): Please see the attached email from the Underwriting Manager. Thank you. |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 107 | (redacted) | 33639646 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is not provided. | Reviewer Comment (2025-03-19): clear Buyer Comment (2025-03-17): Please see the attached email from the Underwriting Manager. Thank you. |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 107 | (redacted) | 33639647 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | HUD-1 total cash-out of ___ is greater than Guideline total cash-out of ___. | Lender exception was approved to allow more than[redacted] cash-out for an LTV more than [redacted]. Compensating factors include credit score of at least [redacted] points over the minimum [redacted], and experienced investor. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC | Reviewer Comment (2025-03-11): Lender exception was approved to allow more than[redacted] cash-out for an LTV more than[redacted]. Compensating factors include credit score of at least [redacted]points over the minimum [redacted], and experienced investor. Waived with compensating factors per lender exception approval at origination. |
03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 108 | (redacted) | 33639650 | Credit | Asset | Asset Documentation | Asset | Guideline Issue: Insufficient asset documentation. | File is missing most recent bank statement for [redacted] account. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Loan to Value: [redacted]% Guideline Maximum Loan to Value: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-04-14): Client credit memo received clarifying age of asset documentations received, effective [redacted]. Account statement provided is dated within [redacted]days of Note date and acceptable per credit memo. Reviewer Comment (2025-04-14): Client credit memo received clarifying age of asset documentations received, effective [redacted] Reviewer Comment (2025-04-02): Waived with compensating factors per lender exception approval. Buyer Comment (2025-03-31): Please find attached exception for asset statement not within [redacted]days & no corporate resolution provided by the Borrower for LLC. Please waive to an exception grade of [redacted] due to the following compensating factors: LTV only[redacted]/[redacted] < matrix tier ([redacted] vs [redacted] preferred) & Borrowers mid fico is [redacted] points over the minimum score for this tier [redacted]-vs [redacted]. Thank you. Reviewer Comment (2025-03-20): Per[redacted] guidelines, complete copies of the asset statements from the most recent [redacted]days prior to the Promissory Note date are required. The statement provided is dated more than [redacted]days prior to the Note date. Reviewer Comment (2025-03-17): Per [redacted] guidelines, complete copies of the asset statements from the most recent [redacted]days prior to the Promissory Note date are required. The statement provided is dated more than [redacted]days prior to the Note date. Buyer Comment (2025-03-17): [redacted]please note the statement the Borrower provided cover a full [redacted]days and satisfies the guidelines. Thank you. Reviewer Comment (2025-03-13): Guidelines indicate that the "most recent statement" is required. Loan closed [redacted] and statement provided is dated [redacted]. There would be a more recent statement dated [redacted] Buyer Comment (2025-03-12): Please note the [redacted]acct statement is dated ending [redacted]. Loan closed[redacted] Statement covers a full [redacted]days of transaction history and is within [redacted]days of closing. Please provide additional information as to why this is being requested. Thanks so much. |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||
| (redacted) | 110 | (redacted) | 33639653 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | The file is missing the final HUD-1. Copy in file is an estimate. | Reviewer Comment (2025-03-14): Received Buyer Comment (2025-03-12): Final HUD-1 attached. Thank you. |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 110 | (redacted) | 33639654 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Reviewer Comment (2025-03-14): Received Buyer Comment (2025-03-12): Please find cleared Fraud Guard attached. Thank you. |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 111 | (redacted) | 33639655 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The subject property is located in a FEMA disaster area and no post disaster inspection report was provided. | Reviewer Comment (2025-03-12): Appraisal dated[redacted], which is after declaration date, reflecting no damage. Buyer Comment (2025-03-12): Appraisal is dated after disaster date, no damage, please clear. |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| (redacted) | 111 | (redacted) | 33639657 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [redacted] is [redacted] square feet vs program minimum of [redacted] squire feet. Lender exception in file. Compensating factors: FICO [redacted] vs program [redacted] and verified reserves [redacted] months greater than program [redacted] months. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC | Reviewer Comment (2025-03-11): Unit [redacted] is [redacted]square feet vs program minimum of [redacted]squire feet. Lender exception in file. Compensating factors: FICO [redacted]vs program [redacted]and verified reserves [redacted]months greater than program [redacted] months. Waived with compensating factors per lender exception approval at origination. |
03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 112 | (redacted) | 33639658 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-03-19): clear Buyer Comment (2025-03-17): Please see attached email from Title agent confirming sch A coverage of the loan amount as the final title policy is not back yet. Thank you. |
03/19/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 112 | (redacted) | 33639660 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | File is missing final signed/dated HUD-1. HUD in file is estimated. | Reviewer Comment (2025-03-19): clear Buyer Comment (2025-03-17): Please see attached final fully executed HUD-1. Thank you. |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 113 | (redacted) | 33639662 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | As per guidelines calculated LTV is exceed the guideline. Provided Lender exception for approval. | Reviewer Comment (2025-03-20): clear Buyer Comment (2025-03-18): DSCR score is[redacted]; current lease [redacted] used to qualify; [redacted]months rent receipt reported on [redacted] [redacted] |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 113 | (redacted) | 33639663 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Borrower's FICO is less than the guideline- required [redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Reserves: [redacted] Guideline Requirement: [redacted] |
SitusAMC | Reviewer Comment (2025-03-20): Waived with compensating factors per lender exception approval. Buyer Comment (2025-03-18): exception |
03/20/2025 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 114 | (redacted) | 33639665 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Account statement for [redacted] ifs not the most recent [redacted]-day period to the note date. | Reviewer Comment (2025-03-20): clear Buyer Comment (2025-03-18): [redacted] is a quarterly statement dated within [redacted]days of the note date. This is permitted. |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 115 | (redacted) | 33639667 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Birth Date was not provided | - | Missing identification from second borrower, who signed the Note and Guaranty Agreement. | Buyer Comment (2024-10-22): We accept a EV2 grade Reviewer Comment (2024-10-13): Page [redacted]of the[redacted] guidelines, bullet points 4 indicates: Each Entity member providing a personal guaranty must complete a Form [redacted]or similar credit application indicating clearly that such document is being provided in the capacity of the guarantor. The application of each member providing a personal guaranty and their credit score, and creditworthiness will also be used to determine qualification and pricing. [redacted]signed the guarantor agreement and all credit documents are required per this guideline. Buyer Comment (2024-10-08): please advise where in the guidelines it states this is needed. thank you! |
10/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| (redacted) | 115 | (redacted) | 33639668 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
SitusAMC SitusAMC |
Reviewer Comment (2024-10-23): Client requested to waive with compensating factors. Buyer Comment (2024-10-22): Can you please waive this condition to a grade B? Reviewer Comment (2024-10-13): Page [redacted]of the [redacted] guidelines, bullet points 4 indicates: Each Entity member providing a personal guaranty must complete a Form [redacted]or similar credit application indicating clearly that such document is being provided in the capacity of the guarantor. The application of each member providing a personal guaranty and their credit score, and creditworthiness will also be used to determine qualification and pricing. [redacted]signed the guarantor agreement and all credit documents are required per this guideline. Buyer Comment (2024-10-08): please advise as this is a Business Purpose loan. final 1003 not needed |
10/23/2024 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| (redacted) | 116 | (redacted) | 33639669 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Birth Date was not provided | - | [redacted] signed the guaranty agreement, however the file is missing the 1003 and credit report. | The qualifying DSCR on the loan is greater than the guideline minimum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
The DSCR of [redacted] is greater than the minimum required DSCR of [redacted]. Loan to Value: [redacted]% Guideline Maximum Loan to Value: [redacted]% |
SitusAMC,Originator SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2024-10-13): Waived with compensating factors per lender request. Buyer Comment (2024-10-08): please waive to a B. Comp factors [redacted] LTV - Max LTV is [redacted], and [redacted] DSCR- Min [redacted] |
10/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||
| (redacted) | 116 | (redacted) | 33639671 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Guarantee Agreement signed by entity owner [redacted], however credit report is missing in file. | The qualifying DSCR on the loan is greater than the guideline minimum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
The DSCR of [redacted] is greater than the minimum required DSCR of [redacted]. Loan to Value: [redacted]% Guideline Maximum Loan to Value: [redacted]% |
SitusAMC,Originator SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2024-10-13): Waived with compensating factors per lender request. Buyer Comment (2024-10-08): please waive to a B. Comp factors [redacted] LTV - Max LTV is [redacted], and[redacted]DSCR- Min [redacted] |
10/13/2024 | 2 | D | B | D | B | D | B | D | B | D | B | AZ | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| (redacted) | 116 | (redacted) | 33639672 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Guarantee Agreement signed by entity owner [redacted], however final 1003 application is missing in file. | The qualifying DSCR on the loan is greater than the guideline minimum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
The DSCR of [redacted] is greater than the minimum required DSCR of [redacted]. Loan to Value: [redacted]% Guideline Maximum Loan to Value: [redacted]% |
SitusAMC,Originator SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2024-10-13): Waived with compensating factors per lender request. Buyer Comment (2024-10-08): please waive to a B. Comp factors [redacted] LTV - Max LTV is [redacted], and [redacted] DSCR- Min [redacted] |
10/13/2024 | 2 | C | B | C | B | C | B | C | B | D | B | AZ | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| (redacted) | 116 | (redacted) | 33639673 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to close in entity when purpose/activity is not limited to the ownership and management of real property. No compensating factors were disclosed. | The qualifying DSCR on the loan is greater than the guideline minimum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
The DSCR of [redacted] is greater than the minimum required DSCR of [redacted]. Loan to Value: [redacted]% Guideline Maximum Loan to Value: [redacted]% |
SitusAMC,Originator SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2024-10-13): Waived with compensating factors per lender request. Buyer Comment (2024-10-08): exception |
10/13/2024 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| (redacted) | 117 | (redacted) | 33639676 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-01-02): Final title received |
01/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||||
| (redacted) | 117 | (redacted) | 33639677 | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-01-02): Final title received Buyer Comment (2025-01-02): title policy |
01/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||||
| (redacted) | 117 | (redacted) | 33639678 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2024-12-27): Received CDA Buyer Comment (2024-12-24): CDA |
12/27/2024 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||||
| (redacted) | 117 | (redacted) | 33639679 | Credit | Business Purpose | General | Business Purpose | Missing Document: Spousal Consent not provided. | - | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-27): Waived with compensating factors per lender request. Buyer Comment (2024-12-24): Lender accepts. Please waive with available compensating factors |
12/27/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | ||||||||||||
| (redacted) | 117 | (redacted) | 33639680 | Credit | Missing Document | General | Missing Document | Missing Document: Desk-Top Review not provided | Reviewer Comment (2024-12-27): Received CDA Buyer Comment (2024-12-24): see attached CDA |
12/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||||
| (redacted) | 117 | (redacted) | 33639681 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Reviewer Comment (2025-01-02): Received Buyer Comment (2024-12-30): Final HUD |
01/02/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | D | A | N/A | No | |||||||||||||||
| (redacted) | 118 | (redacted) | 33639683 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The file is missing the final HUD-1. | Reviewer Comment (2025-02-07): clear Buyer Comment (2025-02-05): Please find attached stamped HUD-1. Thank you! Reviewer Comment (2025-01-14): Document is not executed. Provide a fully executed copy or copy stamped and true and certified and signed by title agent. Buyer Comment (2025-01-10): Please find attached final HUD-1. Thank you. |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 118 | (redacted) | 33639684 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Spousal Consent Form not provided | Spousal consent is missing from the file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-01-14): Spousal consent is missing from the file. Buyer Comment (2025-01-10): Please upgrade this exception grade to a [redacted] due to the following compensating factors: Borrowers' mid fico is[redacted] points higher than the minimum required for the product. Borrower has verified asset reserves of over[redacted]mths PITI. Borrower has a great mtg history with no foreclosures or Bk's. Borrowers LTV is only [redacted] and is an experienced landlord/property manager. |
01/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 118 | (redacted) | 33639685 | Credit | Business Purpose | General | Business Purpose | Missing Document: Spousal Consent not provided. | - | Spousal consent is missing from the file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-01-14): Spousal consent is missing from the file. Buyer Comment (2025-01-10): Please upgrade this exception grade to a [redacted] due to the following compensating factors: Borrowers' mid fico is [redacted] points higher than the minimum required for the product. Borrower has verified asset reserves of over [redacted]mths PITI. Borrower has a great mtg history with no foreclosures or Bk's. Borrowers LTV is only [redacted] and is an experienced landlord/property manager. |
01/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 118 | (redacted) | 33639686 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___ Disaster Declaration Date: ___ |
Disaster Name: WILDFIRES AND STRAIGHT-LINE WINDS Disaster Declaration Date: [redacted] |
Reviewer Comment (2025-02-14): clear Buyer Comment (2025-02-14): Disaster Cert uploaded, damage repaired. No additional damage, please clear. Thank you. |
02/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| (redacted) | 120 | (redacted) | 33639691 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | HUD/CD in file not signed. Provide signed and dated closing statement | Reviewer Comment (2025-02-24): Clear. Buyer Comment (2025-02-20): HUD |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 120 | (redacted) | 33639693 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio of [redacted]does not meet Guideline Debt Service Coverage Ratio [redacted]. Monthly rental considered for DSCR calculation is [redacted] whereas per lease agreement actual rent is [redacted] | Reviewer Comment (2025-02-24): Clear. Buyer Comment (2025-02-20): DSCR calc |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 120 | (redacted) | 33639694 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Spousal Consent Form not provided | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-03): Missing Document: Spousal Consent Form not provided. Waived at client request. Buyer Comment (2025-02-28): Lender accepts. Please waive with available compensating factors Reviewer Comment (2025-02-24): Spousal consent required. |
03/03/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||
| (redacted) | 121 | (redacted) | 33639697 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide a payment history for subject property evidencing no more than [redacted] | Reviewer Comment (2025-02-24): Received pay history for [redacted] through[redacted] reflecting[redacted]which meets guidelines. Buyer Comment (2025-02-20): Property profile Buyer Comment (2025-02-20): Property was purchased on [redacted]. See property profile and account activity Buyer Comment (2025-02-20): account activity |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 121 | (redacted) | 33639698 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Lender exception allow [redacted] LTV vs Program maximum of [redacted]with fico [redacted] and DSCR [redacted]minimum on cashout transaction with compensating factor. Approved with compensating factors per lender exception approval at origination. 1. DSCR greater than[redacted] 2. Reserves minimum of[redacted]months or greater from borrower's own funds. |
The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. | Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] |
SitusAMC | Reviewer Comment (2025-02-19): Lender exception allow [redacted] LTV vs Program maximum of [redacted] with fico [redacted]and DSCR [redacted] minimum on cashout transaction with compensating factor. Approved with compensating factors per lender exception approval at origination. 1. DSCR greater than [redacted] 2. Reserves minimum of [redacted] months or greater from borrower's own funds. |
02/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||
| (redacted) | 122 | (redacted) | 33639701 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Lender approved exception request to not pay off a s charged off account [redacted]with a balance of[redacted] from [redacted]. Additional Parameters: Statue of limitations for [redacted] has passed[redacted] for this debt. Comp Factors: [redacted]. FICO [redacted] point over min required. [redacted]LTV more than [redacted] under max. [redacted]. DSCR over [redacted]. Ove[redacted] months additional reserves than required with a loan amount under [redacted]million. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Loan to Value: [redacted]% Guideline Maximum Loan to Value: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-02-19): Lender approved exception request to not pay off a s charged off account[redacted] with a balance of [redacted] from[redacted]. Additional Parameters: Statue of limitations for [redacted]has passed[redacted]for this debt. Comp Factors: 1. FICO [redacted] point over min required. 2. LTV more than [redacted] under max. 3. DSCR over [redacted]. 4. Over [redacted] months additional reserves than required with a loan amount under [redacted] million. Approved with compensating factors per lender exception approval at origination. |
02/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 123 | (redacted) | 33639703 | Credit | Investment Product | General | Investment Product | REO property does not have a lease in place and required by guidelines. | - | Appraisal shows unit [redacted] tenant occupied. File is missing lease agreement for unit [redacted] | Reviewer Comment (2025-02-25): clear Buyer Comment (2025-02-21): Per guidelines, If the [redacted]or [redacted]shows active lease, no lease will be required. Please waive exception |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 124 | (redacted) | 33639705 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD (Initial Purchase) not provided | Reviewer Comment (2025-02-25): clear Buyer Comment (2025-02-21): loe |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ME | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 124 | (redacted) | 33639706 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | A full LoanSafe Risk Manager fraud report including all parities is required. | Reviewer Comment (2025-02-25): clear Buyer Comment (2025-02-21): Fraud |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ME | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 125 | (redacted) | 33639708 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Provide verification that the EMD of [redacted] came from borrowers own assets. | Reviewer Comment (2025-02-25): clear Buyer Comment (2025-02-21): EMD |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 125 | (redacted) | 33639709 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | File is missing verification of the EMD. | Reviewer Comment (2025-02-25): clear Buyer Comment (2025-02-21): see attached statement |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 126 | (redacted) | 33639711 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | No evidence of rent loss insurance. | The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Combined Loan to Value: [redacted]% Guideline Maximum Combined Loan to Value: [redacted]% Loan to Value: [redacted]% Guideline Maximum Loan to Value: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-02-25): Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. Exception Information: No evidence of rent loss insurance. Approved with lender exception at origination. Buyer Comment (2025-02-24): exception |
02/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | ME | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 127 | (redacted) | 33639713 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender approved exception request for max LTV/CLTV for loan amounts [redacted] is [redacted]on purchases. Additional Parameters: Allow [redacted] LTV with a[redacted] loan amount, we're meeting the requirement for the down payment and after the down payment it falls below the loan amount requirement. Comp Factors: 1. Credit score is more than [redacted] > than min [redacted]. DSCR is [redacted] Reserves[redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-02-20): Lender approved exception request for max LTV for loan amounts [redacted] is [redacted] on purchases. Additional Parameters: Allow[redacted] LTV with a [redacted] loan amount, we're meeting the requirement for the down payment and after the down payment it falls below the loan amount requirement. Comp Factors: 1. Credit score is more than [redacted]points > than min [redacted] 2. DSCR is[redacted]. 3. Reserves >[redacted]months. Approved with compensating factors per lender exception approval at origination. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 127 | (redacted) | 33639714 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Maximum CLTV for a purchase transaction with a loan amount less than [redacted]is [redacted]. Loan was approved at [redacted]LTV. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-02-20): Waived with compensating factors per lender exception approval at origination. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 129 | (redacted) | 33639718 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC | Reviewer Comment (2025-03-21): Waived with compensating factors per lender exception approval at origination. Buyer Comment (2025-03-19): Please accept this request to waive this condition to an exception grade of [redacted] based on the following compensating factors as follows: Borrowers' fico score is [redacted] points over the minimum permitted for this program & product. Borrowers DSCR score is over [redacted] Borrower has no bk's or foreclosures. Borrower is a seasoned property owner/landlord. Thank you. |
03/21/2025 | 2 | D | B | D | B | D | B | D | B | D | B | CA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||
| (redacted) | 129 | (redacted) | 33639719 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-02-25): clear Buyer Comment (2025-02-21): Please find attached final fully executed HUD-1. Thank you. |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 133 | (redacted) | 33639723 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | All liens and judgments are required to be paid at or before closing. | Reviewer Comment (2025-03-11): clear. Buyer Comment (2025-03-07): see attached email from Borrower stating Lien is not his. Buyer Comment (2025-03-07): email from Borrower Reviewer Comment (2025-02-25): The tax liens are against the borrower. Not a title issue. Buyer Comment (2025-02-21): email from title |
03/11/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Investment | Purchase | B | A | B | A | A | A | N/A | No | |||||||||||||
| (redacted) | 134 | (redacted) | 33639725 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Missing VOM for primary residence or provide verification proeprty is free and clear. | Reviewer Comment (2025-02-25): clear Buyer Comment (2025-02-21): Please see Note Attached and Borrower is not on. Thank you. |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 135 | (redacted) | 33639727 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Condo HOA insurance policy having Agreed Value Basis coverage instead of Replacement Cost Coverage. Compensating factors noted are: Experienced investor (per appraisal) New guidelines allow minimum loan amount of [redacted] |
Borrower's Experience/Track Record | Borrower's Experience/Track Record. The borrower has [redacted] Years of Experience. | SitusAMC,Originator | Reviewer Comment (2025-03-02): Waived with compensating factors per lender exception approval in previous comments. Buyer Comment (2025-02-27): comp factors [redacted] months reserves and [redacted] yrs investor experience Reviewer Comment (2025-02-26): Unable to verify valid compensating factors. Please provide valid comp factors. Buyer Comment (2025-02-26): see attached exception |
03/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 135 | (redacted) | 33639729 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Please provide a post-disaster inspection verifying there was no damage from Tropical Storm Helene. The inspection must include exterior photos and the property must be re-inspected after the[redacted]Disaster End Date. | Reviewer Comment (2025-02-26): Clear. Buyer Comment (2025-02-25): Please waive to[redacted], appraisal was completed[redacted], which is after the disaster date, no damage. |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| (redacted) | 136 | (redacted) | 33639731 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The property is located in a FEMA disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after[redacted] declared end date. | Reviewer Comment (2025-02-28): clear Buyer Comment (2025-02-26): Disaster Cert uploaded, no damage, please clear. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 139 | (redacted) | 33639735 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for allowing [redacted] on investor concentration out of [redacted] units VS max allowed is [redacted] Comp factor DSCR [redacted]reserves [redacted] experienced investor. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Reserves: [redacted] Guideline Requirement: [redacted] |
SitusAMC | Reviewer Comment (2025-02-21): Lender approved exception for allowing [redacted] on investor concentration out of [redacted]units VS max allowed is [redacted]. Comp factor DSCR [redacted], reserves >[redacted], experienced investor.. Approved at origination with lender exception. |
02/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 139 | (redacted) | 33639736 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bylaws not provided | Provide fully executed By-Laws for the borrowing entity. The documents provided are not signed. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): by-laws |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 139 | (redacted) | 33639737 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide evidence the primary residence is owned free and clear. | Reviewer Comment (2025-02-25): clear Buyer Comment (2025-02-24): property profile |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 140 | (redacted) | 33639739 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-02-26): clear Buyer Comment (2025-02-24): [redacted]-Final Settlement Statemen |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 140 | (redacted) | 33639740 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Reviewer Comment (2025-02-26): clear Buyer Comment (2025-02-24): AOO |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 140 | (redacted) | 33639741 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide a [redacted] month pay history for subject property . Pay history must meet guideline requirements. | Reviewer Comment (2025-03-05): clear Buyer Comment (2025-03-03): VOM Buyer Comment (2025-03-03): payment history Reviewer Comment (2025-03-02): VOM/pay history received reflects payments beginning[redacted]; however, subject loan closed[redacted]. Please provide complete [redacted] month history back to [redacted]. Per fraud report, subject property had a first and second lien taken out on [redacted] which was paid off with the [redacted] mortgage. Buyer Comment (2025-02-27): VOM |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | D | A | AZ | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 141 | (redacted) | 33639745 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Reviewer Comment (2025-02-25): clear Buyer Comment (2025-02-24): Fraud report OFAC |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 143 | (redacted) | 33639751 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Missing Full Fraud Report | Reviewer Comment (2025-02-25): clear Buyer Comment (2025-02-24): [redacted]-Fraud Buyer Comment (2025-02-22): [redacted]-Fraud Report |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 143 | (redacted) | 33639752 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide [redacted] month pay history for RenewPae mortgage being paid off with this transaction. Pay history must meet guideline requirements. | Reviewer Comment (2025-02-26): PACE loans are collected through annual property taxes and no pay history is provided. Buyer Comment (2025-02-24): We default to FNMA and do not require payment history on Pace loans. The loans are paid back annually through the Borrower's tax bill. please waive exception. |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 145 | (redacted) | 33639755 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provided Closing Statement is estimated. Please provide Executed Final HUD-1 or Closing Statement. | Reviewer Comment (2025-02-28): clear Buyer Comment (2025-02-26): Final |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 145 | (redacted) | 33639756 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID:[redacted] | Reviewer Comment (2025-02-25): clear Buyer Comment (2025-02-24): CDA |
02/25/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NV | Investment | Purchase | D | A | C | A | D | A | N/A | No | |||||||||||||||
| (redacted) | 147 | (redacted) | 33639759 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-02-25): clear Buyer Comment (2025-02-24): final |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 151 | (redacted) | 33639764 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-02-27): clear Buyer Comment (2025-02-25): Final |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 152 | (redacted) | 33639766 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Missing Fraud Report | Reviewer Comment (2025-02-27): clear Buyer Comment (2025-02-25): Fraud |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 153 | (redacted) | 33639768 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Missing full fraud report | Reviewer Comment (2025-02-27): clear Buyer Comment (2025-02-25): Fraud |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 153 | (redacted) | 33639769 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-02-27): clear Buyer Comment (2025-02-25): Final |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 156 | (redacted) | 33639774 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Total units are [redacted] and [redacted]units[redacted] are OO out of total. This is considered ineligible. --- Per guideline,[redacted] of the total units in the project or subject's phase must be sold and conveyed to the unit owners and at least [redacted] of the units must be owner occupied. AND Per Questionnaire Q.[redacted], all planned amenities and common facilities no fully completed. --- Per guideline, project or subject's legal phase along with other development phases must be complete. All common elements in the project or legal phase must be [redacted]complete. Compensating Factor [redacted] LTV REFI C/O DELAYED FINANCING, [redacted] score, [redacted] on current residence mortgage. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-02-27): Total units are [redacted]and [redacted] units [redacted]are OO out of total. This is considered ineligible. --- Per guideline, [redacted] of the total units in the project or subject's phase must be sold and conveyed to the unit owners and at least [redacted]of the units must be owner occupied. AND Per Questionnaire Q. II -[redacted] all planned amenities and common facilities no fully completed. --- Per guideline, project or subject's legal phase along with other development phases must be complete. All common elements in the project or legal phase must be [redacted] complete. Compensating Factor[redacted] LTV REFI C/O DELAYED FINANCING,[redacted] score,[redacted] on current residence mortgage. Approved with lender exception at origination. Buyer Comment (2025-02-25): exception |
02/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MI | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 157 | (redacted) | 33639776 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Missing OFAC search for all borrowers. | Reviewer Comment (2025-03-03): clear. Buyer Comment (2025-02-28): Borrower's [redacted] details in page number [redacted]. Buyer Comment (2025-02-28): Fraud |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 157 | (redacted) | 33639777 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | A fraud report is required for all[redacted] borrowers and was not provided. | Reviewer Comment (2025-03-03): clear Buyer Comment (2025-02-28): see attached |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 160 | (redacted) | 33639780 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Reviewer Comment (2025-02-27): clear Buyer Comment (2025-02-25): Please waive to EV2, appraisal (or disaster cert) was completed[redacted], which is after the disaster date, no damage. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 161 | (redacted) | 33639783 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Lender request exception for Minimum [redacted]credit score for cash-out for DSCR [redacted] Compensating factors with Experienced investor - has owned & financed subject property since [redacted] At least[redacted] tradelines [redacted]years and no late payments on the mortgages and LTV is [redacted] vs max [redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Reserves: [redacted] Guideline Requirement: [redacted] |
SitusAMC | Reviewer Comment (2025-02-24): Lender request exception for Minimum [redacted]credit score for cash-out for DSCR [redacted]Compensating factors with Experienced investor - has owned & financed subject property since [redacted], At least [redacted]tradelines > [redacted] years and no late payments on the mortgages and LTV is [redacted] vs max [redacted]. Approved at origination per lender exception. |
02/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 162 | (redacted) | 33639785 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Reviewer Comment (2025-02-26): Clear. Buyer Comment (2025-02-25): [redacted]-Tax Identification Letter |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 162 | (redacted) | 33639786 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide a legible page [redacted]of the final closing statement. | Reviewer Comment (2025-02-26): clear Buyer Comment (2025-02-25): [redacted]-HUD-1 Buyer Comment (2025-02-25): Please find the HUD-1 attached. Thank you. |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 163 | (redacted) | 33639787 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2025-02-27): clear Buyer Comment (2025-02-25): Disaster |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||||
| (redacted) | 163 | (redacted) | 33639789 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-03-02): Received Buyer Comment (2025-02-27): Final |
03/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 163 | (redacted) | 33639790 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Received final settlement statement in trailing documents, and borrower does not have the required reserves after cash to close. Total cash required to close is [redacted] Verified assets in file, including the paid outside of closing appraisal and appraisal review fee, are[redacted] Provide additional assets to meet reserve requirement. | The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Combined Loan to Value: [redacted]% Guideline Maximum Combined Loan to Value: [redacted]% Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] Loan to Value: [redacted]% Guideline Maximum Loan to Value: [redacted]% |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-19): Waived with compensating factors per approved lender exception. Buyer Comment (2025-03-17): exception |
03/19/2025 | 2 | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||||
| (redacted) | 165 | (redacted) | 33639793 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | All liens and judgments are required to be paid at closing. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Reserves: [redacted] Guideline Requirement: [redacted] |
SitusAMC | Reviewer Comment (2025-03-05): All liens and judgments are required to be paid at closing. Waived with compensating factors at clients request. Buyer Comment (2025-03-04): $[redacted] Buyer Comment (2025-03-03): exception for[redacted] tax lien Reviewer Comment (2025-03-02): Documents received. Still pending evidence of payoff of [redacted]tax lien and [redacted] judgment. Buyer Comment (2025-02-27): [redacted] lien released Buyer Comment (2025-02-27): [redacted] case closed Buyer Comment (2025-02-27): [redacted] satisfied. |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 168 | (redacted) | 33639798 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Full fraud Report Required | Reviewer Comment (2025-03-02): Received Buyer Comment (2025-02-27): Fraud |
03/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 168 | (redacted) | 33639799 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Minimum FICO for a purchase transaction with [redacted] DSCR at [redacted]LTV is [redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Reserves: [redacted] Guideline Requirement: [redacted] |
Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-03-02): Waived with compensating factors per lender exception approval received in trailing documents. Buyer Comment (2025-02-27): exception |
03/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 170 | (redacted) | 33639801 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-10): My apologies.......Please find the attached correct HUD-1 for this loan. Thank you. Reviewer Comment (2025-03-02): The closing statement uploaded is not for our borrower or subject property. Please provide final signed/stamped settlement statement for our subject transaction. Buyer Comment (2025-02-27): Please find attached fully executed HUD-1. Thank you |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 171 | (redacted) | 33639804 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy amount is blank. | Reviewer Comment (2025-03-02): Received supplement to title. Buyer Comment (2025-02-27): Please find attached Title supplement confirming the loan amount. Thank you. |
03/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 171 | (redacted) | 33639805 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-03-02): Received Buyer Comment (2025-02-28): Please find the fully executed final HUD-1 attached. Thank you. |
03/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 172 | (redacted) | 33639806 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Fraud report of [redacted]guarantor as co-borrower on guarantor agreement is missing. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-05): Fraud report of [redacted]guarantor as co-borrower on guarantor agreement is missing. Waived at client request. Buyer Comment (2025-03-03): Lender accepts. Please waive with available compensating factors" |
03/05/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 172 | (redacted) | 33639807 | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | - | OFAC Search of [redacted]guarantor as co-borrower on guarantor agreement is missing. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-05): OFAC Search of [redacted]guarantor as co-borrower on guarantor agreement is missing. Waived at client request. Buyer Comment (2025-03-03): Lender accepts. Please waive with available compensating factors" |
03/05/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 172 | (redacted) | 33639810 | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | - | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-05): OFAC was not checked and required per guidelines. Waived with compensating factors at clients request. Buyer Comment (2025-03-03): Lender accepts. Please waive with available compensating factors" |
03/05/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 172 | (redacted) | 33639811 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: [redacted]Final not provided | Missing signed credit application for [redacted], the [redacted]individual who signed the guarantor agreement. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-05): Missing signed credit application for [redacted], the second individual who signed the guarantor agreement. Waived with compensating factors at clients request. Buyer Comment (2025-03-03): Lender accepts. Please waive with available compensating factors" |
03/05/2025 | 2 | B | B | B | B | B | WA | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| (redacted) | 172 | (redacted) | 33639812 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Missing credit report for [redacted]guarantor, [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-05): Missing credit report for second guarantor, [redacted]. Waived with compensating factors at clients request. Buyer Comment (2025-03-03): Lender accepts. Please waive with available compensating factors" |
03/05/2025 | 2 | B | B | B | B | B | WA | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| (redacted) | 173 | (redacted) | 33639814 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of[redacted] is less than Cash From Borrower [redacted] | Reviewer Comment (2025-03-05): clear Reviewer Comment (2025-03-05): Funds to close = [redacted]plus [redacted] months reserves of[redacted]= Total funds required =[redacted]. Assets verified =[redacted] Reviewer Comment (2025-03-05): Cancelled in error. Reviewer Comment (2025-03-05): Sufficient funds verified. Buyer Comment (2025-03-03): Loan [redacted] only required [redacted]months reserves [redacted] Cash out proceeds[redacted]=[redacted] in available funds for reserves. Reviewer Comment (2025-03-02): Received closing statement for loan ending in[redacted], reflecting cash out of [redacted]; however, some of these funds were used to meet reserve requirements on that loan. Gave borrower use of[redacted] of the proceeds from this loan and [redacted] of the proceeds on loan [redacted]. File is still short the required funds to close. Reviewer Comment (2025-03-02): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Documented qualifying Assets for Closing of [redacted] is less than Cash From Borrower[redacted] Buyer Comment (2025-02-27): see attached Final SS. Buyer Comment (2025-02-27): Final Buyer Comment (2025-02-27): Cash out proceeds from loan that closed simultaneously. See attached final SS. |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 173 | (redacted) | 33639815 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2025-03-05): clear Reviewer Comment (2025-03-05): Funds to close = [redacted] plus [redacted] months reserves of[redacted] = Total funds required =[redacted]. Assets verified =[redacted] Reviewer Comment (2025-03-05): Cancelled in error. Reviewer Comment (2025-03-05): Sufficient funds verified. Buyer Comment (2025-03-03): Loan[redacted] only required [redacted]months reserves [redacted] Cash out proceeds[redacted]=[redacted]in available funds for reserves. Reviewer Comment (2025-03-02): Received closing statement for loan ending in[redacted], reflecting cash out of [redacted]; however, some of these funds were used to meet reserve requirements on that loan. Gave borrower use of[redacted] of the proceeds from this loan and [redacted] of the proceeds on loan[redacted]. File is still short the required reserves. Buyer Comment (2025-02-28): see attached |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 176 | (redacted) | 33639819 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-03-03): clear Buyer Comment (2025-02-28): Final |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 177 | (redacted) | 33639821 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Missing Full Fraud Report from all [redacted] borrowers. | Reviewer Comment (2025-03-05): clear Buyer Comment (2025-03-03): Fraud Reviewer Comment (2025-03-02): Received same document as in original file. This is the alerts summary report. Please provide the full fraud report for the file. Buyer Comment (2025-02-27): fraud |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 177 | (redacted) | 33639822 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide [redacted]months of cancelled checks and/or bank statements supporting timely rent payments for most recent [redacted]months. | Reviewer Comment (2025-03-05): clear Buyer Comment (2025-03-03): owner of public record Reviewer Comment (2025-03-02): Per page [redacted]of [redacted] guidelines, if renting from property management company either fully executed VOR or most recent lease, along with payment history ledger from management company, canceled checks front and back, or bank statements showing account ownership and payments debited by management company is required. The VOR provided does not list a property management company, and the VOR alone does not meet the guideline requirement, as it states the other items are required along with the VOR. Buyer Comment (2025-02-27): [redacted]was provided by property manager; per guidelines, VOR is permitted from management company. |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 179 | (redacted) | 33639825 | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | - | OFAC is missing in file. | Reviewer Comment (2025-03-02): Received Buyer Comment (2025-02-27): Fraud report |
03/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| (redacted) | 179 | (redacted) | 33639827 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Background Check not provided | Background Check is missing in file. | Reviewer Comment (2025-03-02): Received Buyer Comment (2025-02-27): see attached fraud report |
03/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 179 | (redacted) | 33639828 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC is missing in file. | Reviewer Comment (2025-03-02): Received Buyer Comment (2025-02-27): see attached fraud report |
03/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 179 | (redacted) | 33639829 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Reviewer Comment (2025-03-02): Received Buyer Comment (2025-02-27): see attached fraud report |
03/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||||
| (redacted) | 179 | (redacted) | 33639830 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Lender approved exception request to exceeds the max LTV of [redacted] and go tp [redacted] with a FICO of [redacted]abd DSCR of [redacted]. History show mortgage lates but they are old, aside from one in [redacted]which is acceptable to proceed with. Comp Factors: 1. [redacted]months additional reserves than required with a loan under[redacted] million. 2. Experienced investor. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Reserves: [redacted] Guideline Requirement: [redacted] |
Originator Pre-Close,SitusAMC | Reviewer Comment (2025-03-02): Waived with compensating factors per lender exception approval. Buyer Comment (2025-02-27): exception |
03/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 179 | (redacted) | 33639831 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-03-02): Received Buyer Comment (2025-02-27): final |
03/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 181 | (redacted) | 33639833 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | LoanSafe Corelogic fraud report is required. | Reviewer Comment (2025-03-12): clear Buyer Comment (2025-03-10): Please find full Fraud Guard attached. Thank you. Reviewer Comment (2025-03-05): A full fraud report is required. Buyer Comment (2025-03-03): Please find final Fraud Guard attached. Thank you. |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 182 | (redacted) | 33639834 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is missing | Reviewer Comment (2025-03-05): clear Buyer Comment (2025-03-03): Please find clear Fraud Guard attached. Thank you. |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 182 | (redacted) | 33639835 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Title Evidence is not a standard policy. | Final Title policy missing | Reviewer Comment (2025-03-05): clear Buyer Comment (2025-03-03): Please see attached title policy. Thank you. Buyer Comment (2025-03-03): Please find attached title supplement as final title policy is not back yet from the title company. Thank you. |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 182 | (redacted) | 33639836 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-03-05): clear Buyer Comment (2025-03-03): Please see attached final settlement statement |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 184 | (redacted) | 33639840 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID:[redacted] | Reviewer Comment (2025-03-03): clear Buyer Comment (2025-02-28): CDA |
03/03/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Purchase | D | B | C | B | D | A | N/A | No | |||||||||||||||
| (redacted) | 184 | (redacted) | 33639842 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Hazard Insurance Policy Effective Date [redacted] & Note Date: [redacted] | Reviewer Comment (2025-03-03): clear Buyer Comment (2025-02-28): see attached Final SS. Disbursement date is[redacted] Buyer Comment (2025-02-28): Final SS |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | D | B | C | B | D | A | N/A | No | ||||||||||||||
| (redacted) | 184 | (redacted) | 33639843 | Credit | Guideline | Guideline Issue | Guideline | Borrower is a [redacted] time home buyer and ineligible per guidelines. | - | Borrower does not meet minimum FICO requirment for [redacted]time investor. Minimum FICO is [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Reserves: [redacted] Guideline Requirement: [redacted] |
SitusAMC | Reviewer Comment (2025-03-13): Borrower does not meet minimum FICO requirment for first time investor. Minimum FICO is[redacted] Waived with compensating factors at clients request. Buyer Comment (2025-03-11): exception |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Purchase | D | B | C | B | D | A | N/A | No | ||||||||||
| (redacted) | 184 | (redacted) | 33639844 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Borrower does not meet minimum FICO requirment for [redacted]time investor. Minimum FICO is [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Reserves: [redacted] Guideline Requirement: [redacted] |
SitusAMC | Reviewer Comment (2025-03-13): Borrower does not meet minimum FICO requirment for first time investor. Minimum FICO is [redacted]. Waived with compensating factors at clients request. Buyer Comment (2025-03-11): see attached exception |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Purchase | D | B | C | B | D | A | N/A | No | ||||||||||
| (redacted) | 185 | (redacted) | 33639846 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Full Fraud Report Required. | Reviewer Comment (2025-03-07): clear Buyer Comment (2025-03-05): Please find attached initial pulled Fraud Guard prior to being cleared by the underwriter. Thank you. Reviewer Comment (2025-03-05): Full fraud report is required. Buyer Comment (2025-03-03): Please find attached final clear Fraud Guard. Thank you. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 186 | (redacted) | 33639848 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Missing of bank statement to verify reserve | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Originator,SitusAMC | Reviewer Comment (2025-03-16): Waived with compensating factors per lender direction. Buyer Comment (2025-03-13): Please waive this condition to an exception grade of [redacted] due to the following compensating factors: Borrower has good credit with no bk's or foreclosures. Borrower has reserves of [redacted]mths of piti. Borrowers ltv is under the max permitted for this program/product. Borrowers DSCR score is over[redacted] Thank you. |
03/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 189 | (redacted) | 33639852 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): Please find attached final HUD-1. Thank you. |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 190 | (redacted) | 33639854 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide [redacted]month pay history for primary residence. Must meet guideline requirements. | Reviewer Comment (2025-03-06): Clear Buyer Comment (2025-03-04): rent free letter |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 191 | (redacted) | 33639857 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Spousal Consent Form not provided | The spousal consent is missing from file. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC | Reviewer Comment (2025-03-10): The spousal consent is missing from file. Waived with compensating factors at clients request. Buyer Comment (2025-03-06): Lender accepts. Please waive with available compensating factors |
03/10/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 193 | (redacted) | 33639861 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The application does not show that the borrower(s) have an address other than the subject property and thus casts doubt on the business purpose of the loan. | Borrower's identification showed the same address as subject property. Provide address for primary residence. With length of time at the new residence and verification of rent payments or mortgage payments. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. |
Occupancy: [redacted] Reserves: [redacted] Guideline Requirement: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-24): Condition cleared. Final CD received reflecting borrowers new primary residence information. Reviewer Comment (2025-03-24): Waived in error. Reviewer Comment (2025-03-24): Primary residence not purchased unti[redacted]. Waived with compensating factors per lender exception approval provided in trailing docs. Reviewer Comment (2025-03-20): If borrower has not closed on a new primary, evidence borrower does not reside in our subject property will be required. This loan was underwritten as a business purpose loan, which does not allow owner occupancy. Buyer Comment (2025-03-17): [redacted] is the property the borrower is purchasing ; Loan has not closed yet that is why the exception was provided. Reviewer Comment (2025-03-16): Exception form received indicates borrower closing on new primary; please provide proof of new primary residence, as loan closed as business purpose loan and all documentation in file indicates the property is owner occupied at the time of closing. Buyer Comment (2025-03-13): exception |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||
| (redacted) | 193 | (redacted) | 33639862 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The appraisal does not show the property is Tenant Occupied or Vacant and thus casts doubt on the business purpose of the loan. | The appraisal disclosed owner occupied. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. |
Occupancy: [redacted] Reserves: [redacted] Guideline Requirement: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-24): Condition cleared. Final CD received reflecting borrowers new primary residence information. Reviewer Comment (2025-03-24): Waived in error. Reviewer Comment (2025-03-24): Primary residence not purchased until [redacted] Waived with compensating factors per lender exception approval provided in trailing docs. Reviewer Comment (2025-03-20): If borrower has not closed on a new primary, evidence borrower does not reside in our subject property will be required. This loan was underwritten as a business purpose loan, which does not allow owner occupancy. Buyer Comment (2025-03-17): [redacted]is the property the borrower is purchasing ; Loan has not closed yet that is why the exception was provided. Reviewer Comment (2025-03-16): Exception form received indicates borrower closing on new primary; please provide proof of new primary residence, as loan closed as business purpose loan and all documentation in file indicates the property is owner occupied at the time of closing. Buyer Comment (2025-03-13): see attached exception |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||
| (redacted) | 193 | (redacted) | 33639863 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The ID documentation (license, passport, Visa) does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | Borrower's identification showed the same address as subject property. | Reviewer Comment (2025-03-24): Condition cleared. Final CD received reflecting borrowers new primary residence information. Reviewer Comment (2025-03-20): If borrower has not closed on a new primary, evidence borrower does not reside in our subject property will be required. This loan was underwritten as a business purpose loan, which does not allow owner occupancy. Buyer Comment (2025-03-17): [redacted] is the property the borrower is purchasing ; Loan has not closed yet that is why the exception was provided. Reviewer Comment (2025-03-16): Exception form received indicates borrower closing on new primary; please provide proof of new primary residence, as loan closed as business purpose loan and all documentation in file indicates the property is owner occupied at the time of closing. Buyer Comment (2025-03-13): see attached exception |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 193 | (redacted) | 33639864 | Credit | Credit | Credit Documentation | Credit | A summary review of all the documentation in the loan file casts doubt on the business purpose of the loan. | Summary finding is that borrower resides in subject property, as is also declared owner-occupied on the final [redacted]. | Reviewer Comment (2025-03-24): Condition cleared. Final CD received reflecting borrowers new primary residence information. Reviewer Comment (2025-03-20): If borrower has not closed on a new primary, evidence borrower does not reside in our subject property will be required. This loan was underwritten as a business purpose loan, which does not allow owner occupancy. Buyer Comment (2025-03-17): [redacted] is the property the borrower is purchasing ; Loan has not closed yet that is why the exception was provided. Reviewer Comment (2025-03-16): Exception form received indicates borrower closing on new primary; please provide proof of new primary residence, as loan closed as business purpose loan and all documentation in file indicates the property is owner occupied at the time of closing. Buyer Comment (2025-03-13): see attached exception |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 193 | (redacted) | 33639865 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The appraisal does not show the property is Tenant Occupied or Vacant and thus casts doubt on the business purpose of the loan. | Reviewer Comment (2025-03-24): Condition cleared. Final CD received reflecting borrowers new primary residence information. Reviewer Comment (2025-03-20): If borrower has not closed on a new primary, evidence borrower does not reside in our subject property will be required. This loan was underwritten as a business purpose loan, which does not allow owner occupancy. Buyer Comment (2025-03-17): [redacted] is the property the borrower is purchasing ; Loan has not closed yet that is why the exception was provided. Reviewer Comment (2025-03-16): Exception form received indicates borrower closing on new primary; please provide proof of new primary residence, as loan closed as business purpose loan and all documentation in file indicates the property is owner occupied at the time of closing. Buyer Comment (2025-03-13): see attached exception |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 195 | (redacted) | 33639870 | Credit | Guideline | Guideline Issue | Guideline | Aged document: Asset Account date is more than [redacted]days prior to Closing. | - | Provide most recent [redacted]day statement for each account [redacted] | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Loan to Value: [redacted]% Guideline Maximum Loan to Value: [redacted]% Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-28): Waived with compensating factors per lender exception approval. Buyer Comment (2025-03-26): Good afternoon, [redacted]. Please see the attached exception for the use of [redacted] exchange assets. Please waive the exception grade to a [redacted]based on the following compensating factors: [redacted]points over the min. score in the tier [redacted]. Thank you. Reviewer Comment (2025-03-13): The [redacted] exchange funds are not able to be used to meet reserve requirements. Statements dated within [redacted] days of Note date will be required to meet the [redacted] month reserve requirement. Buyer Comment (2025-03-12): Please note the following: The assets in reference were used to source the EMD only. We don't need recent statements since the [redacted] exchange covered the remaining assets requirements. Please clear this condition. Thank you. Reviewer Comment (2025-03-05): Page [redacted]of the guidelines state[redacted] days for assets. Buyer Comment (2025-03-03): Please note per updated [redacted] guidelines, credit documents are good for [redacted]days. Thank you. |
03/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 197 | (redacted) | 33639873 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Full Fraud Report required. | Reviewer Comment (2025-03-16): Received Buyer Comment (2025-03-13): Please find attached final Fraud Guard. Thank you. Reviewer Comment (2025-03-06): A full fraud report is required. Buyer Comment (2025-03-04): Please find attached clear Fraud Guard. Thank you. |
03/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 197 | (redacted) | 33639874 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-06): Final Settlement Statement uploaded. |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 201 | (redacted) | 33639883 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing in the file. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): Corporate Resolution is not required for LLC |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 201 | (redacted) | 33639884 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in the file. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): operating agreement |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 201 | (redacted) | 33639885 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The certificate of good standing in the file is not the most recent. Please provide an updated document. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): cert of good standing |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 201 | (redacted) | 33639886 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | The file is missing the appraisal invoice for[redacted] | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-05): Appraisal invoice |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | D | A | AZ | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 202 | (redacted) | 33639888 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception was approved to use Asset Depletion to increase the DSCR score on one of [redacted]loans for the same borrower (multi-pack). Compensating factors include over [redacted]months additional reserves than required with a loan amount over [redacted] million, LTV more than [redacted]under the maximum allowed, and experienced investor. This will be waived upon receipt of the income worksheet. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC | Reviewer Comment (2025-03-06): Exception was approved to use Asset Depletion to increase the[redacted] score on one of [redacted]loans for the same borrower (multi-pack). Compensating factors include over [redacted]months additional reserves than required with a loan amount over [redacted] million, LTV more than [redacted]under the maximum allowed, and experienced investor. This will be waived upon receipt of the income worksheet. Waived with compensating factors per lender exception approval at origination. Buyer Comment (2025-03-04): Please find attached income calc worksheet. Thank you. |
03/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 202 | (redacted) | 33639889 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender to provide income worksheet verifying the assets used to increase the income for the DSCR calculation. | Reviewer Comment (2025-03-06): clear. Buyer Comment (2025-03-04): Please find attached income calc worksheet. Thank you. |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 203 | (redacted) | 33639890 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [redacted] declared end date. | Reviewer Comment (2025-03-16): [redacted] reflecting no damage received. Buyer Comment (2025-03-13): Please find attached final inspection date [redacted]after disaster date. Reviewer Comment (2025-03-06): CDA cannot be used to clear FEMA disaster exceptions. Buyer Comment (2025-03-04): Please find attached clear CDA dated after disaster. Thank you. |
03/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 203 | (redacted) | 33639892 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | The file is missing the OFAC report. | Reviewer Comment (2025-03-06): cleared. Buyer Comment (2025-03-04): Please find attached clear Fraud Guard & OFAC. Thank you. |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 203 | (redacted) | 33639893 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Full fraud report required. | Reviewer Comment (2025-03-16): Received Buyer Comment (2025-03-13): Please find attached final Fraud Guard. Thank you. Reviewer Comment (2025-03-06): Full fraud report required. Buyer Comment (2025-03-04): Please find attached clear Fraud Guard & OFAC. Thank you. |
03/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 204 | (redacted) | 33639895 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Hazard Insurance Policy Effective Date ___, Disbursement Date: ___ | The Note is dated[redacted] instead of year [redacted] Insurance policy effective and expiration dates are within the date signed on the security instrument. | Reviewer Comment (2025-04-07): Clear. Buyer Comment (2025-04-07): see attached note Buyer Comment (2025-04-07): note revised |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | A | D | A | D | A | N/A | No | |||||||||||||
| (redacted) | 204 | (redacted) | 33639896 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | The Note is dated [redacted]instead of year [redacted]. Please provide a fully executed updated Note with the correct date. | Reviewer Comment (2025-04-07): cleared. Buyer Comment (2025-04-07): Correct Note uploaded. Buyer Comment (2025-04-07): Note uploaded with correct date [redacted] |
04/07/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Purchase | D | A | D | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 204 | (redacted) | 33639897 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID:[redacted] | Note Date: ___; Lien Position: ___ | Note Date: [redacted]; Lien Position[redacted] | Reviewer Comment (2025-04-07): Cleared with corrected Note date. Reviewer Comment (2025-03-06): This will be cleared once documents are received to clear the Note date issue.. Buyer Comment (2025-03-04): appraisal |
04/07/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Purchase | D | A | D | A | D | A | N/A | No | |||||||||||||
| (redacted) | 205 | (redacted) | 33639898 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | The file was missing a copy of the OFAC. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): [redacted]-Fraud |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 205 | (redacted) | 33639900 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): [redacted]-Title |
03/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 205 | (redacted) | 33639901 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): Please find attached clear Fraud Guard & OFAC. Thank you. |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 205 | (redacted) | 33639902 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): [redacted]-FSS |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 207 | (redacted) | 33639906 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | The file is missing the final HUD-1. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): Final |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 208 | (redacted) | 33639908 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | No evidence of payoff is provided. | Reviewer Comment (2025-03-07): clear Buyer Comment (2025-03-05): final title |
03/07/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Investment | Purchase | B | A | B | A | A | A | N/A | No | |||||||||||||
| (redacted) | 210 | (redacted) | 33639911 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): AOO |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 211 | (redacted) | 33639913 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Lender request exception for the LTV needs to be [redacted]. The DSCR is below [redacted] so we need an exception. Comp Factors, experienced investor with [redacted] investment propertied financed. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): Exception is not being used; see attached DSCR calc. Buyer Comment (2025-03-04): DSCR calc Reviewer Comment (2025-03-03): Lender exception received but it is not approved. Provide an approved lender exception in order for this to be waived. |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 213 | (redacted) | 33639916 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception for tenant (a friend of the borrower) living rent free in subject home with no lease agreement in place and rent payments (per appraisal comment and LOE) with compensating factors: 1. LTV is [redacted] or more under max allowed. 2. Over [redacted]tradelines rated over [redacted]years. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Combined Loan to Value: [redacted]% Guideline Maximum Combined Loan to Value: [redacted]% Loan to Value: [redacted]% Guideline Maximum Loan to Value: [redacted]% |
SitusAMC Originator Pre-Close,SitusAMC SitusAMC |
Reviewer Comment (2025-03-03): Lender Exception for tenant (a friend of the borrower) [redacted]in subject home with no lease agreement in place and rent payments (per appraisal comment and LOE) with compensating factors: 1. LTV is [redacted] or more under max allowed. 2. Over 3 tradelines rated over [redacted] years. Approved with lender exception at origination. |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 215 | (redacted) | 33639919 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The file is missing the certificate of good standing. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): Cert of good standing |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 215 | (redacted) | 33639920 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | The Note is missing page [redacted] Please provide a complete copy. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): Note [redacted] |
03/06/2025 | 1 | D | A | D | A | D | A | D | A | D | A | MD | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 215 | (redacted) | 33639921 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [redacted]Error: [redacted]ship was not provided | - | The file is missing the [redacted]for co-borrower. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-12): The file is missing the 1003 for co-borrower. Waived with compensating factors at clients request. Buyer Comment (2025-03-10): Lender accepts. Please waive with available compensating factors |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||
| (redacted) | 215 | (redacted) | 33639922 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [redacted]Error: Birth Date was not provided | - | Date of birth for the co-borrower is missing from file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-12): Date of birth for the co-borrower is missing from file. Waived with compensating factors at clients request. Buyer Comment (2025-03-10): Lender accepts. Please waive with available compensating factors |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||
| (redacted) | 215 | (redacted) | 33639923 | Credit | Business Purpose | General | Business Purpose | Verification of Borrower's identity is missing. | - | Please provide a copy of borrower's identification. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-12): Please provide a copy of borrower's identification. Waived with compensating factors at clients request. Buyer Comment (2025-03-10): Lender accepts. Please waive with available compensating factors |
03/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||
| (redacted) | 215 | (redacted) | 33639924 | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | - | Please provide a copy of the OFAC for co-borrower. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-12): Please provide a copy of the OFAC for co-borrower. Waived with compensating factors at clients request. Buyer Comment (2025-03-10): Lender accepts. Please waive with available compensating factors |
03/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||
| (redacted) | 215 | (redacted) | 33639925 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Provide a credit report for the [redacted]Guarantor. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-12): Provide a credit report for the [redacted] Guarantor. Waived with compensating factors at clients request. Buyer Comment (2025-03-10): Lender accepts. Please waive with available compensating factors |
03/12/2025 | 2 | D | B | D | B | D | B | D | B | D | B | MD | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| (redacted) | 217 | (redacted) | 33639928 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Collection amount is over [redacted], and must be paid. | Reviewer Comment (2025-03-07): clear Buyer Comment (2025-03-05): Bwr has sufficient reserves to cover the collection. Per guidelines [redacted] this is permitted.pg [redacted] Borrower must have sufficient reserves to cover the balance of the charge-off or collection and still be able to meet program reserve requirements. |
03/07/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NV | Investment | Purchase | B | A | B | A | A | A | N/A | No | |||||||||||||
| (redacted) | 218 | (redacted) | 33639930 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for a subject property with one of three units under [redacted]sq ft. [redacted]unit is [redacted]sq ft. Compensating Factor: 1. FICO [redacted]points over minimum required score for LTV requested. 2. DSCR over [redacted]. 3. LTV more than[redacted]below maximum, 4. Over [redacted] Months additional reserves than required with a loan amount under [redacted]million. |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC Originator Pre-Close,SitusAMC |
Reviewer Comment (2025-03-03): Lender exception request for a subject property with one of three units under[redacted] sq ft. One unit is [redacted] sq ft. Compensating Factor: 1. FICO [redacted]points over minimum required score for LTV requested. 2. DSCR over[redacted] 3. LTV more than [redacted] below maximum, 4. Over [redacted]Months additional reserves than required with a loan amount under [redacted]million. Approved with lender exception at origination. |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 218 | (redacted) | 33639931 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide proof the primary residence is owned free and clear along with verification that the property taxes are paid current for the most recent tax year. | Reviewer Comment (2025-03-06): Borrower lives rent free. Buyer Comment (2025-03-04): rent free letter |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 218 | (redacted) | 33639932 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is an estimated closing statement. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-06): final |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 222 | (redacted) | 33639938 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Missing pay history or verification of mortgage for subject property. | Reviewer Comment (2025-03-07): cleared with payoff. Buyer Comment (2025-03-05): subject property |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 222 | (redacted) | 33639939 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide a [redacted]month rental payment history for the primary residence. Must meet guideline requirements. | Reviewer Comment (2025-03-11): Cleared with property history report. Buyer Comment (2025-03-07): owned free and clear Buyer Comment (2025-03-07): profile report Reviewer Comment (2025-03-07): Borrower has been renting for past [redacted] years. A [redacted]month rent payment history is needed. Must meet guidelines. Reviewer Comment (2025-03-07): Cleared in error. Reviewer Comment (2025-03-07): cleared with payoff. Buyer Comment (2025-03-05): see attached docs property was purchased [redacted] |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 223 | (redacted) | 33639941 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provide the final Closing Statement fully executed by the borrower or stamped true and certified with signature from title representative. Copy provided is not signed. | Reviewer Comment (2025-03-10): clear Buyer Comment (2025-03-06): Please find attached the final fully executed HUD-1. Thank you. |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 227 | (redacted) | 33639947 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Please provide a complete, updated form CP [redacted] | Reviewer Comment (2025-04-01): clear Buyer Comment (2025-03-31): Please see attached email loe from the underwriter. Please review and advise. Thank so much! Reviewer Comment (2025-03-26): The IRS document is over[redacted]years old. Need and updated[redacted] form or IRS letter dated less than [redacted]years ago or fully executed [redacted], including agent's signature or letter from tax preparer confirming they have filed the borrower's most recent tax return with the IRS. Buyer Comment (2025-03-23): Good morning [redacted]would you please be so kind to let us what exactly you are looking for and what an "[redacted]. Thank you. |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | D | A | GA | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 227 | (redacted) | 33639948 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Rider - Other not provided | Please provide a copy of the Acknowledgment and Waiver of Borrower's Rights. | Reviewer Comment (2025-03-10): Cleared with Security Instrument. Buyer Comment (2025-03-06): Please note: We do not include riders because we already include the relevant terms within the security instrument, or we have the terms changed and replace rather than using a rider to edit boilerplate language which leaves ambiguity and interpretation in the courts in a dispute. |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 228 | (redacted) | 33639951 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | LOE in file disclosed that primary property is owned free & clear, however, there is a mortgage statement present in the file along with a Property History Report showing a current loan. Please provide a letter of explanation or pay history for primary Residence. | Reviewer Comment (2025-03-11): Cleared with mortgage statement. Buyer Comment (2025-03-07): Borrower LOE was stated in error that primary property is owned free & clear. Thank you. Buyer Comment (2025-03-07): Please note Borrowers primary is not in his name and he is not on the Note per the mortgage statement from [redacted]infile. Thank you. |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | D | A | SC | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 228 | (redacted) | 33639952 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Reviewer Comment (2025-03-11): clear Buyer Comment (2025-03-07): Please find clear Fraud Guard attached. Thank you. |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||||
| (redacted) | 228 | (redacted) | 33639953 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide a [redacted] month pay history for the subject property. Must meet guideline requirements. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC | Reviewer Comment (2025-04-08): Waived with compensating factors per lender exception approval. Buyer Comment (2025-04-08): Please find exception attached for housing. Please waive the exception grade to a [redacted] based on the following compensating factors: Borrowers mid fico score is [redacted] points over the minimum required for a[redacted]. Borrower is an experienced property manager/landlord. LTV is [redacted] less than the max permitted for this program/product. Borrower has no late payments and good credit depth. Thank you. Reviewer Comment (2025-03-11): Required for subject property. Buyer Comment (2025-03-07): Please note Borrowers primary is not in his name and he is not on the Note per the mortgage statement from [redacted] infile. Thank you. |
04/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | SC | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| (redacted) | 229 | (redacted) | 33639955 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | The file is missing the operating agreement for [redacted]Holdings. | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): Operating agreement uploaded. Thank you. Reviewer Comment (2025-03-07): Document does not verify percentage of ownership. Buyer Comment (2025-03-06): Please review the attached as this state does not require "Operating Agreements". Thank you. Buyer Comment (2025-03-06): Please find attached attorney approval of corporate documents letter attached. |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 229 | (redacted) | 33639956 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | LOE in file disclosed that primary property is owned free & clear, however, there is a mortgage statement present in the file along with a Proeprty History Report showing a current loan. Please provide a letter of explanation or pay history for primary Residence. | Reviewer Comment (2025-03-07): clear Buyer Comment (2025-03-06): Please see attached the rent-free letter. Thank you. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 229 | (redacted) | 33639957 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide a [redacted] month pay history for the subject property. Must meet guideline requirements. | Reviewer Comment (2025-03-07): clear Buyer Comment (2025-03-05): Please explain exactly what you are looking for to cure this condition as the subject property transaction is a purchase. Thank you. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | D | A | SC | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 230 | (redacted) | 33639959 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide a [redacted] month pay history for the primary residence. Must meet guideline requirements. | Reviewer Comment (2025-03-10): clear Buyer Comment (2025-03-06): Please find attached confirmation mtg on primary was released in [redacted]. Borrowers have not had a mtg payment for over [redacted]mths. Thank you. |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | D | A | TX | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 231 | (redacted) | 33639962 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for first time investor must have no housing late payments during the past [redacted] months with compensating factor; 1. At least [redacted] years 2. Mortgage late appears to be an incident as it was first late since loan inception in[redacted]. Borrower states it was an oversight & he has put it on auto pay now to avoid future incidents. Borrower had sufficient funds in account to make payment. 3. Reserves of at least [redacted]months. |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Reserves: [redacted] Guideline Requirement: [redacted] |
SitusAMC | Reviewer Comment (2025-03-07): Lender exception for first time investor must have no housing late payments during the past [redacted]months with compensating factor; 1. At least [redacted]tradelines[redacted] > 5 years 2. Mortgage late appears to be an incident as it was first late since loan inception in [redacted]. Borrower states it was an oversight & he has put it on auto pay now to avoid future incidents. Borrower had sufficient funds in account to make payment. 3. Reserves of at least [redacted]months; 4 months [redacted]months. Waived with compensating factors per lender exception approval at origination. Buyer Comment (2025-03-06): Good morning,[redacted] please waive the exception condition above based on the exception in file and the above stated compensating factors. Thank you. Lender exception for first time investor must have no housing late payments during the past [redacted] months with compensating factor; 1. At least [redacted] tradelines[redacted] years 2. Mortgage late appears to be an incident as it was first late since loan inception in [redacted]. Borrower states it was an oversight & he has put it on auto pay now to avoid future incidents. Borrower had sufficient funds in account to make payment. 3. Reserves of at least [redacted]months; [redacted] months > min [redacted]months. |
03/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | KY | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 231 | (redacted) | 33639963 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Missing a Fraud Report. | Reviewer Comment (2025-03-07): clear Buyer Comment (2025-03-05): See final FG attached. Thank you. Buyer Comment (2025-03-05): Please find Fraud Guard attached. Thank you. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | KY | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 232 | (redacted) | 33639964 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC is missing in the file | Reviewer Comment (2025-03-10): clear Buyer Comment (2025-03-06): Fraud |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 232 | (redacted) | 33639966 | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | - | The OFAC is missing from the file for both Trustees. | Reviewer Comment (2025-03-10): clear Buyer Comment (2025-03-06): Ofac search |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| (redacted) | 232 | (redacted) | 33639968 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | The file is missing the final HUD-1. | Reviewer Comment (2025-03-10): clear Buyer Comment (2025-03-06): final |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 232 | (redacted) | 33639969 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Provide a full [redacted] fraud report. | Reviewer Comment (2025-03-10): clear Buyer Comment (2025-03-06): see attached Fraud report |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 232 | (redacted) | 33639970 | Credit | Credit | Credit Documentation | Credit | A credit report was not pulled for all members of the borrowing entity as required by guidelines. | - | Credit report, fraud report and credit application is required for all parties signing as a Trustee of the [redacted]Trust. Provide these credit documents for the second Trustee. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-14): Waived with compensating factors per lender request. Buyer Comment (2025-03-12): Lender accepts. Please waive with available compensating factors |
03/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | HI | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 232 | (redacted) | 33639971 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | [redacted] approval is over a year old with a date of [redacted] | Reviewer Comment (2025-03-10): clear Buyer Comment (2025-03-06): [redacted] warranty |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| (redacted) | 234 | (redacted) | 33639974 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide verification property is fully released from the blanket mortgage. | Reviewer Comment (2025-03-18): clear Buyer Comment (2025-03-14): final |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 235 | (redacted) | 33639977 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Loan amount [redacted] is below the guidlines minimum of[redacted]. Lender exception in file. Comp factors: Reserves [redacted] months vs required 6 months, FICO score[redacted] points over required score [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-05): Loan amount [redacted] is below the guidlines minimum of [redacted]. Lender exception in file. Comp factors: Reserves [redacted]months vs required [redacted] months, FICO score [redacted] points over required score [redacted] Approved with compensating factors per lender exception approval at origination. |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MO | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 235 | (redacted) | 33639978 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Reviewer Comment (2025-03-10): clear Buyer Comment (2025-03-06): Please see attached Fraud Guard. Thank you. |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| (redacted) | 237 | (redacted) | 33639980 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-03-13): Final title received. |
03/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 237 | (redacted) | 33639981 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide verification the subject property has been released from the blanket mortgage. | Reviewer Comment (2025-03-13): Final title received reflecting no additional liens. Buyer Comment (2025-03-12): Final Reviewer Comment (2025-03-11): Will clear upon receipt of final title or LOX from title stating that it will be fully released. Buyer Comment (2025-03-07): Blanket mortgage Buyer Comment (2025-03-07): Note Buyer Comment (2025-03-07): VOM |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 237 | (redacted) | 33639982 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide a[redacted] month pay history for the subject property. Must meet guideline requirements. | Reviewer Comment (2025-03-11): clear Buyer Comment (2025-03-07): see attached docs |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | D | A | TX | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 240 | (redacted) | 33639986 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Background Check not provided | Background Check not provided. | Reviewer Comment (2025-03-07): clear Buyer Comment (2025-03-06): Please find clear Fraud Guard attached. Thank you. Buyer Comment (2025-03-05): [redacted], please provide an explanation as to what you are looking for to cure this condition. Thank you. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 240 | (redacted) | 33639987 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report not provided. | Reviewer Comment (2025-03-07): clear Buyer Comment (2025-03-06): Please find the clear Fraud Guard attached. Thank you. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 240 | (redacted) | 33639988 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC not provided. | Reviewer Comment (2025-03-07): clear Buyer Comment (2025-03-06): Please find the clear Fraud Guard attached. Thank you. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 242 | (redacted) | 33639993 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide 1031 exchange agreement. | Reviewer Comment (2025-03-12): clear Buyer Comment (2025-03-10): [redacted] exchange |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 243 | (redacted) | 33639995 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | HUD/CD is missing in the file. | Reviewer Comment (2025-03-10): clear Buyer Comment (2025-03-06): Please find final fully executed HUD-1 attached. Thank you. |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 244 | (redacted) | 33639996 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud report is missing in file. | Reviewer Comment (2025-03-11): Clear Buyer Comment (2025-03-07): Fraud |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 244 | (redacted) | 33639997 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Final HUD-1 is illegible. | Reviewer Comment (2025-03-13): Received Buyer Comment (2025-03-12): Final Reviewer Comment (2025-03-11): HUD needs signed by borrower or stamped and signed by title co. Buyer Comment (2025-03-07): Final |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 245 | (redacted) | 33639998 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is missing in the file. | Reviewer Comment (2025-03-11): clear Buyer Comment (2025-03-07): Fraud |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 247 | (redacted) | 33640000 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | File is missing verification of giftors funds. | Reviewer Comment (2025-03-13): cleared. Reviewer Comment (2025-03-12): The gift letter is for [redacted] from borrowers parents. I see every amount being moved around except for the[redacted].Provide documentation to support the [redacted] was transferred to the borrower or in the donors account. Gift letter and transfers have to match. Buyer Comment (2025-03-10): wire transfer Buyer Comment (2025-03-10): email from escrow agent Reviewer Comment (2025-03-10): Need verification of [redacted] being transferred to borrower/closing or in donors account. Buyer Comment (2025-03-06): wire transfer Buyer Comment (2025-03-06): [redacted] gift funds |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 247 | (redacted) | 33640001 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | File is missing verification of gift fund transfer. | Reviewer Comment (2025-03-10): clear Buyer Comment (2025-03-06): see attached |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 248 | (redacted) | 33640002 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-03-11): clear Buyer Comment (2025-03-07): Please be advise due to the SSR score being [redacted] per [redacted] guidelines a secondary review is not required. Thank you. |
03/11/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Refinance - Rate/Term | D | A | A | A | D | A | N/A | No | |||||||||||||||
| (redacted) | 250 | (redacted) | 33640005 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is missing from the file. | Reviewer Comment (2025-03-10): clear Buyer Comment (2025-03-06): Please find Fraud Guard attached. Thank you. |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 251 | (redacted) | 33640006 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Borrowers pays rent to private landlord. Provide the lease and verification of timely payments made with either canceled checks front and back or bank statements showing account ownership and payments debited by landlord. | Reviewer Comment (2025-03-11): clear Buyer Comment (2025-03-07): [redacted]rent payment Buyer Comment (2025-03-07): [redacted] - rent payment Buyer Comment (2025-03-07): [redacted] rental payment Buyer Comment (2025-03-07): [redacted]rental payment Buyer Comment (2025-03-07): [redacted] rent payment |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | D | A | NY | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 253 | (redacted) | 33640010 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Provided Closing Statement is estimated. Please provide Executed Final HUD-1 or Closing Statement. | Reviewer Comment (2025-03-27): clear Buyer Comment (2025-03-25): Please fid attached the final certified true & correct HUD-1. Thank you. Reviewer Comment (2025-03-11): Provide a signed copy. Buyer Comment (2025-03-10): Please find attached final HUD-1. Thank you. Reviewer Comment (2025-03-06): Copy provided is an estimate which cannot be used. Buyer Comment (2025-03-06): Please see attached HUD-1. Thank you. |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 254 | (redacted) | 33640012 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-06): Please see attached fully executed HUD-1 confirming Borrower received less than the max of[redacted]. Thank you. |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 254 | (redacted) | 33640013 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Missing final HUD to verify amount of funds to borrower. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-06): See HUD-1 attached as Borrower has more than sufficient reserves to meet guidelines. Thank you. |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 254 | (redacted) | 33640014 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | Missing final HUD to verify amount of funds to borrower. | Reviewer Comment (2025-03-06): clear |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 255 | (redacted) | 33640015 | Credit | Loan Eligibility | Guideline Issue | Loan Eligibility | Credit history reflects lates that do not meet guidelines. | - Credit history reflects a total of ___ reported late payments. | Credit history reflects a total of 6 reported late payments. | Reviewer Comment (2025-04-07): Credit supplement verifying the account does not belong to the borrower. Buyer Comment (2025-04-07): credit supplement Buyer Comment (2025-04-07): See attached creidt supplement; account does not belong to our borrower per comments |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | |||||||||||||
| (redacted) | 255 | (redacted) | 33640017 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Missing verification of rent or letter of explanation for living rent free. | Reviewer Comment (2025-03-11): clear Buyer Comment (2025-03-07): rent free |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 256 | (redacted) | 33640019 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | A full fraud report is required from all borrowers. | Reviewer Comment (2025-03-11): clear Buyer Comment (2025-03-07): Please find Fraud Guard for Borrower. Thank you. Buyer Comment (2025-03-07): Personal Guarantees are required from the authorized signor(s) who are borrowers on the loan along with any individual with [redacted] or greater ownership in the entity. • The loan application, credit report, income, and assets for the authorized signers who are also borrowers on our loan will be used to determine qualification and pricing. If the operating agreement does not state an authorized signer, then all entity owners must apply as a borrower and complete 1003 as an individual applicant and credit qualify. Borrower owns [redacted] |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 257 | (redacted) | 33640021 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Copy provided is an estimated closing statement. | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-11): [redacted]-Updated FSS Reviewer Comment (2025-03-11): Provide a signed or stamped and signed copy of the final settlement statement. Buyer Comment (2025-03-07): [redacted]-FSS |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 259 | (redacted) | 33640024 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Reviewer Comment (2025-03-26): clear Buyer Comment (2025-03-24): Please find final HUD-1. Thank you. Reviewer Comment (2025-03-10): Missing the signature page. Buyer Comment (2025-03-07): Please find final fully executed HUD-1 attached. Thank you. |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 260 | (redacted) | 33640027 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient by [redacted] | Reviewer Comment (2025-04-07): Clear Buyer Comment (2025-04-03): [redacted]-Updated policy reflecting [redacted] guaranteed replacement cost |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 260 | (redacted) | 33640028 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Missing OFAC for the borrowing entity. | Reviewer Comment (2025-03-26): clear Buyer Comment (2025-03-24): Please find attached clear Fraud Guard with Business entity clear. Thank you. Reviewer Comment (2025-03-11): OFAC not provided for borrowing entity. Buyer Comment (2025-03-07): Please find clear Fraud Guard attached. Thank you. |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 262 | (redacted) | 33640069 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender exception was approved to exceed [redacted] LTV when using a P&L for income qualifying and the borrower has a [redacted] FICO versus minimum [redacted]as required. Borrower requested [redacted] LTV. Compensating factors include residual income over [redacted], and over[redacted]months additional reserves than required with a loan amount under[redacted] | Borrower has verified disposable income of at least $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Documentation Type: redacted] Disposable Income: $redacted] Reserves: [redacted] Guideline Requirement: [redacted] DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-01-15): Lender exception was approved to exceed [redacted] LTV when using a P&L for income qualifying and the borrower has a [redacted] FICO versus minimum [redacted] as required. Borrower requested [redacted]LTV. Compensating factors include residual income over [redacted], and over[redacted]months additional reserves than required with a loan amount under [redacted]M. |
01/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | DE | Primary | Purchase | B | B | B | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||
| (redacted) | 263 | (redacted) | 33640072 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrow Costs Year [redacted] Underdisclosed - [redacted] | TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [redacted] of on Final Closing Disclosure provided on [redacted] are underdisclosed. | Non-Escrowed Property Costs over Year [redacted] on Final Closing Disclosure provided on [redacted] was undererdisclosed. | Reviewer Comment (2025-03-16): [redacted] received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2025-03-14): LOE Reviewer Comment (2025-03-13): [redacted] received Corrected CD. Missing copy of LOE to borrower which accompanied to finalize cure. Buyer Comment (2025-03-12): Please see attached PCCD Reviewer Comment (2025-02-21): [redacted] received rebuttal comment, however, there seems to be no supporting document ion the loan file for monthly amount of [redacted] for unit [redacted]but the loan file indicates monthly HOI amount of[redacted] Fire insurance[redacted] Please reference or provide documentation if using an updated amount. Please provide corrected CD and LOE to Cure. Buyer Comment (2025-02-20): There are no HOA dues , therefore there is no non-escrowed costs |
03/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| (redacted) | 263 | (redacted) | 33640073 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Escrowed Property Costs Year [redacted] Overdisclosed -[redacted] | TILA-RESPA Integrated Disclosure - Loan Disclosures: Escrowed Property Costs over Year [redacted] on Final Closing Disclosure provided on [redacted] are overdisclosed. | Escrowed Property Costs over Year [redacted] on Final Closing Disclosure provided on [redacted] was overdisclosed by [redacted]. The final 1003 disclosed additional property taxes. | Reviewer Comment (2025-03-17): [redacted] received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2025-03-14): LOE Reviewer Comment (2025-03-13): [redacted] received Corrected CD. Missing copy of LOE to borrower which accompanied to finalize cure. Buyer Comment (2025-03-12): Please See Attached PCCD Reviewer Comment (2025-02-21): [redacted] received rebuttal comment, however, there seems to be no supporting document ion the loan file for monthly amount of [redacted]for unit [redacted]. but the loan file indicates monthly HOI amount of [redacted], Fire insurance[redacted]. Please reference or provide documentation if using an updated amount. Please provide corrected CD and LOE to Cure. Buyer Comment (2025-02-20): Monthly amounts:[redacted] is hazard insurance for [redacted]unit, [redacted] is hazard insurance for[redacted] is fire insurance and [redacted]are taxes. All are escrowed |
03/17/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| (redacted) | 263 | (redacted) | 33640074 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date:[redacted] Disaster End Date:[redacted] Disaster Name: WILDFIRES AND STRAIGHT-LINE WINDS Disaster Declaration Date: [redacted] |
Reviewer Comment (2025-03-03): clear Buyer Comment (2025-02-28): disaster |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| (redacted) | 263 | (redacted) | 33640075 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal delivery document in file reflecting an appraisal was delivered to the borrower on [redacted]. An appraisal with a date of [redacted] was not provided. | Reviewer Comment (2025-03-07): clear. Buyer Comment (2025-03-05): Per the appraisal dept , this was when the appraisal was delivered for review. Not the date of the appraisal. Reviewer Comment (2025-03-03): Provide proof of delivery for the appraisal from [redacted] Buyer Comment (2025-02-28): cert |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| (redacted) | 264 | (redacted) | 33640079 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Title Co. Closing Statement Used For Fee Testing Material | Missing Final HUD-1: Title Company Closing Statement used for any applicable [redacted], State or Local compliance testing. | The file is missing the final HUD-1. | Reviewer Comment (2025-02-20): clear Buyer Comment (2025-02-20): Please See attached doc |
02/20/2025 | 1 | D | A | D | A | D | A | D | A | D | A | WA | Investment | Purchase | D | A | C | A | D | A | A | A | Exempt from ATR | N/A | No | ||||||||||
| (redacted) | 264 | (redacted) | 33640081 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Borrower has insufficient reserves due to inability to use gift funds. | Reviewer Comment (2025-02-20): clear Buyer Comment (2025-02-20): gift wire Buyer Comment (2025-02-20): gift letter |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Purchase | D | A | C | A | D | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 264 | (redacted) | 33640082 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Borrower has insufficient cash to close due to inability to use gift funds. | Reviewer Comment (2025-02-20): clear Buyer Comment (2025-02-20): see attached gift letter and wire transfer |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Purchase | D | A | C | A | D | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 264 | (redacted) | 33640083 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | The file is missing the notary signature on the security instrument. | Reviewer Comment (2025-02-20): clear Buyer Comment (2025-02-20): signature page |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Purchase | D | A | C | A | D | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 265 | (redacted) | 33640086 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [redacted] on a [redacted]lien purchase transaction did not disclose any Seller paid fees/charges on page[redacted] | Seller CD is not provided | Reviewer Comment (2025-03-04): [redacted] received Seller CD. Buyer Comment (2025-03-03): [redacted] Statement Reviewer Comment (2025-02-26): Please provide final [redacted] settlement statement for review. Buyer Comment (2025-02-25): [redacted]-CD provided reflects both Borrower and Seller fees and is executed by both parties Reviewer Comment (2025-02-24): Seller CD not located in trailing documents or original loan file. Buyer Comment (2025-02-21): [redacted]-Seller CD |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | A | A | C | A | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| (redacted) | 265 | (redacted) | 33640087 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Attorney's Fee (Closing Agent and Other). Fee Amount of[redacted] exceeds tolerance of[redacted] [redacted]. Insufficient or no cure was provided to the borrower. | TILA-RESPA Integrated Disclosure[redacted] Percent Fee Tolerance exceeded for Attorney's Fee (Closing Agent and Other). Fee Amount of [redacted] exceeds tolerance of [redacted] No cure was provided to the borrower. | Reviewer Comment (2025-03-06): [redacted] Received Corrected PCCD and LOE updated with Title prefix for Attorney fee. Buyer Comment (2025-03-05): [redacted]-PCCD Buyer Comment (2025-03-05): [redacted]-LOX Reviewer Comment (2025-03-05): [redacted] received CD, however if fee is a title fee we require corrected PCCD with title prefix on fee and LOE. Please provide corrected PCCD and LOE to re-evaluate the exception. Buyer Comment (2025-03-04): Please see the attached Final CD. The attorney fee belongs in section C as the payee is[redacted]. No cure is required as section C fees are not held to TRID. Please clear, thank you! Buyer Comment (2025-03-04): [redacted]-SSPL Reviewer Comment (2025-02-24): Attorney fee was disclosed in section C as a loan cost. No VCC was located in the loan file to explain the addition. Cure is required. Buyer Comment (2025-02-24): [redacted]-Please disregard Doc ID [redacted] from review as it was a Title CD and correct Final CD Doc ID[redacted] was executed by the borrower Reviewer Comment (2025-02-24): [redacted] received CD without issue date on page[redacted] and also page [redacted] Loan calculation sections are blank. Kindly provide updated Post CD and LOX . Buyer Comment (2025-02-21): The following fee is an Attorney fee for the closing and is borrower chosen as the borrower shopped for the Agent |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| (redacted) | 265 | (redacted) | 33640088 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate lock document not provided. | Reviewer Comment (2025-02-25): clear Buyer Comment (2025-02-21): [redacted]-Lock |
02/25/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | A | A | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| (redacted) | 266 | (redacted) | 33640092 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide the most recent [redacted] month mortgage pay history for the co-borrowers primary residence. | Reviewer Comment (2025-03-11): clear Buyer Comment (2025-03-10): Also please note Borrowers previous primary was purchased in [redacted]with no mtg per property profile. There is no previous mtg history. Please clear. Thank you. Buyer Comment (2025-03-10): Please see the property profile attached reflecting no mtg when the home was purchased by Allison Jones. Thank you. |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Primary | Purchase | D | A | D | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| (redacted) | 266 | (redacted) | 33640093 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide the most recent [redacted]month rental pay history for the borrowers primary residence. | Reviewer Comment (2025-03-11): clear Buyer Comment (2025-03-10): Please find attached rent-free letter. Thank you. |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | D | A | D | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| (redacted) | 267 | (redacted) | 33640095 | Compliance | Compliance | Federal Compliance | Federal HPML | [redacted] HPML [redacted] Non Compliant | [redacted] Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of[redacted] is equal to or greater than the threshold of APOR[redacted]. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted]. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-03-10): Clear. Buyer Comment (2025-03-06): see attached appraisal delivery |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| (redacted) | 267 | (redacted) | 33640096 | Compliance | Compliance | Federal Compliance | Compliance | [redacted]HPML Appraisal - CDFI Not Exempt | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): ATR Exempt CDFI loan does not qualify for exemption from Federal HPML Appraisal requirements under[redacted]) due to loan failing one or more of the QM requirements under [redacted](2)(i)-(iii) or (vi) (Loan Feature, Loan Term, Points and Fees, or QM APOR Rate Threshold. | TR Exempt CDFI loan does not qualify for exemption from [redacted] HPML Appraisal requirements under [redacted] due to loan failing one or more of the QM requirements under [redacted](Loan Feature, Loan Term, Points and Fees, or QM APOR Rate Threshold. | Reviewer Comment (2025-03-10): Clear. Buyer Comment (2025-03-06): see attached appraisal delivery |
03/10/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| (redacted) | 267 | (redacted) | 33640097 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Reviewer Comment (2025-03-10): Clear. Buyer Comment (2025-03-06): see attached appraisal delivery |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| (redacted) | 267 | (redacted) | 33640100 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Per guidelines, the existence of the business must be independently verified through a disinterested third party within [redacted] business days of closing. File is missing this required verification, as the CPA letter is dated more than[redacted]business days prior to closing. | Reviewer Comment (2025-03-02): Received Buyer Comment (2025-02-27): Please find attached VVOE completed within [redacted]days of closing. Thank you. |
03/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| (redacted) | 267 | (redacted) | 33640101 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Per guidelines, the existence of the business must be independently verified through a disinterested third party within [redacted] business days of closing. File is missing this required verification, as the CPA letter is dated more than [redacted] business days prior to closing. | Reviewer Comment (2025-03-02): Received Buyer Comment (2025-02-27): Please find attached VVOE dated within [redacted]days of closing. Thank you. |
03/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| (redacted) | 268 | (redacted) | 33640105 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Attorney Review Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-24): Sufficient Cure Provided At Closing |
02/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||
| (redacted) | 268 | (redacted) | 33640106 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing HOA Statement for REO on [redacted]Street. | Reviewer Comment (2025-03-13): clear Buyer Comment (2025-03-13): The search provided is for the subject's actual unit as shown on the search. Why is this not sufficient. Please explain. Thank you. Reviewer Comment (2025-03-13): Provide documentation from actual HOA verifying the amount for this unit.. Buyer Comment (2025-03-10): Please see page [redacted] that reflects [redacted]. HOA information. Thank you. Reviewer Comment (2025-02-28): Proof of HOA fee is required. HOI was provided. Buyer Comment (2025-02-26): HOA attached for[redacted]. PLEASE clear. Thank you. Buyer Comment (2025-02-26): Please find HOA confirmation attached. Thank you. |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| (redacted) | 268 | (redacted) | 33640107 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Missing HOA verification for REO on [redacted] Street. | Reviewer Comment (2025-03-13): clear Reviewer Comment (2025-03-13): Provide documentation from actual HOA verifying the amount for this unit.. Buyer Comment (2025-03-10): Please see page [redacted] that reflects HOA information. Thank you. Reviewer Comment (2025-02-28): HOA required. Buyer Comment (2025-02-27): See documents attached to the same condition above. Thank you. |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| (redacted) | 269 | (redacted) | 33640108 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Per guidelines, fraud report required and not provided in loan file. | Reviewer Comment (2025-02-28): clear Buyer Comment (2025-02-26): Please find attached clear Fraud Guard. Thank you. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| (redacted) | 269 | (redacted) | 33640111 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Closing Disclosure Issue Date Not Provided | TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on[redacted] did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available. | File contains CD reflecting closing date of [redacted] and disbursement date of [redacted]; however, it does not contain an issue date. | Reviewer Comment (2025-03-01): Received LOE. Buyer Comment (2025-02-27): [redacted]-LOX |
03/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Good Faith Redisclosure | C | B | C | B | C | A | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| (redacted) | 269 | (redacted) | 33640112 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least[redacted] business days prior to consummation | Page [redacted] calculations are blank on the CD in file reflecting no issue date. | Reviewer Comment (2025-03-01): Received LOE. Buyer Comment (2025-02-27): [redacted]-LOX Buyer Comment (2025-02-27): [redacted]LOX |
03/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | TRID timing exception, no remediation available. | C | B | C | B | C | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| (redacted) | 269 | (redacted) | 33640114 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | The file is missing a valid Change of Circumstance for the increase in Discount Points. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-21): Sufficient Cure Provided At Closing |
02/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | B | C | A | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| (redacted) | 269 | (redacted) | 33640115 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception for borrower living rent free with anyone other than spouse are not eligible. Compensating Factor: 1. Residual income [redacted] 2. Borrower's credit score is at least [redacted] 3. No derogs on credit report in[redacted] |
Borrower has verified disposable income of at least $[redacted]. | Documentation Type: redacted] Disposable Income: $redacted] |
Originator Pre-Close,SitusAMC | Reviewer Comment (2025-02-25): Lender Exception for borrower living rent free with anyone other than spouse are not eligible; however, could be reviewed for exception. Compensating Factor: 1. Residual income[redacted] Borrower's credit score is at least [redacted] points[redacted] 3. No derogs on credit report in [redacted] (or ever). Approved at origination with lender exception. |
02/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||
| (redacted) | 270 | (redacted) | 33640119 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-24): Sufficient Cure Provided At Closing |
02/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||
| (redacted) | 270 | (redacted) | 33640120 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for [redacted]Guaranty Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-24): Sufficient Cure Provided At Closing |
02/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||
| (redacted) | 270 | (redacted) | 33640121 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2025-03-03): clear. Buyer Comment (2025-02-28): see attached appraisal invoice paid by Borrower's credit card. Buyer Comment (2025-02-28): appraisal invoice |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||
| (redacted) | 270 | (redacted) | 33640122 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Charge-offs greater than [redacted]months with a balance greater than [redacted] must be paid in full prior to or at closing . File is missing evidence account paid i full prior to closing. | Reviewer Comment (2025-03-03): clear Buyer Comment (2025-02-28): Statue of limitations Buyer Comment (2025-02-28): State Statue [redacted] years. see attached doc -Collections and charge-offs that have passed beyond the statute of limitations for that state (supporting documentation require |
03/03/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| (redacted) | 271 | (redacted) | 33640126 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Attorney's Fee (Closing Agent and Other). Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | [redacted] percent fee tolerance exceeded; however, sufficient cure was provided at closing. | Reviewer Comment (2025-02-25): Sufficient Cure Provided At Closing |
02/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| (redacted) | 271 | (redacted) | 33640127 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | Per guidelines for[redacted]program, evidence the individual who completed the [redacted]is licensed is required. The preparer letter and P&L reflect a PTIN; however, there is no documentation in file of this being a valid license. | Reviewer Comment (2025-03-26): clear Buyer Comment (2025-03-23): Please see attached IRS website page #[redacted]& #[redacted]confirming tax professional name on IRS website. Thank you. |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| (redacted) | 272 | (redacted) | 33640128 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Missing Fraud report in file | Reviewer Comment (2025-03-03): clear Buyer Comment (2025-02-28): [redacted] |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| (redacted) | 272 | (redacted) | 33640130 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Closing Disclosure Issue Date Not Provided | TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [redacted] did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available. | Issue data not provided. | Reviewer Comment (2025-03-07): [redacted] received [redacted] Buyer Comment (2025-03-06): Please see attached [redacted] Reviewer Comment (2025-03-05): [redacted] received disclosure tracking. The comment received states these are the only[redacted] sent. We would require additional clarification on a lender attestation of [redacted]that were provided in the loan package for testing. If a [redacted]was not issued to borrower, [redacted] requires a Lender Attestation document that specifies any [redacted](s) and identifying of the disclosure, an explanation on why the disclosure was included in loan package for testing and if not disclosed to borrower, attesting that borrower was never issued or disclosed the [redacted](s) in question. Please provide a written document general attestation from lender with specific information identifying draft or title balancing [redacted]that are not provided to consumer to be used for lenders files to exclude non-borrower [redacted]from testing. Please provide attestation indicating incomplete [redacted]with no issue date, [redacted]% or blank interest rate, no payments, and/or blank page [redacted]loan calculations table are draft or title balancing CDs not disclosed/provided to consumer. [redacted] can then retest if no information in file reflects a [redacted]was provided to borrower. Buyer Comment (2025-03-04): Please see the attached screenshot of our closing disclosures. The initial LE was created and issued on [redacted]. The initial CD was created and issued on [redacted] (see [redacted]). There is no [redacted] dated [redacted] and [redacted] (see attached screenshot). The Final [redacted] was issued and signed on [redacted] (see [redacted]). These are the only [redacted] sent to the borrower. Please clear, thank you! |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | Good Faith Redisclosure | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| (redacted) | 273 | (redacted) | 33640133 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | [redacted] Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Notice of special flood hazard disclosure was not provided prior to closing. | Reviewer Comment (2025-03-10): Clear. Buyer Comment (2025-03-06): Please find attached notice of special [redacted]. Thank You! Reviewer Comment (2025-03-05): Document should be provided at least [redacted] days prior to closing. Buyer Comment (2025-03-03): Please find attached Notice of special [redacted] disclosure. Thank You! |
03/10/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | B | A | A | A | B | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| (redacted) | 274 | (redacted) | 33640134 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | No evidence of fraud report in file. | Reviewer Comment (2025-02-28): clear Buyer Comment (2025-02-27): Please find attached the cleared [redacted] Thank you. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | N/A | No | ||||||||||
| (redacted) | 275 | (redacted) | 33640137 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial [redacted] | Missing Initial Loan Application. | Reviewer Comment (2025-02-28): clear Buyer Comment (2025-02-27): Please find initial fully executed 1003. Thank you. |
02/28/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | D | A | C | A | D | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 275 | (redacted) | 33640138 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Missing Initial 1003 and Appraisal Transfer Letter from file. | Reviewer Comment (2025-03-16): Received all required documentation. Buyer Comment (2025-03-13): Please note under trailing doc's Champions guidelines ONLY reflect an "[redacted]transfer letter" is required for [redacted] loans. PLEASE CLEAR. Also, initial [redacted] condition was already clear by you. Thank you! Otherwise PLEASE review with Stephanie and or Jeff for clarification. Greatly appreciate it! Reviewer Comment (2025-03-11): Cleared in error. Reviewer Comment (2025-03-11): Cleared. Buyer Comment (2025-03-07): Please also note initial [redacted]condition already cleared above. Thank you so much. Buyer Comment (2025-03-07): Please see the attached guideline confirming appraisal transfer letters are only required on [redacted]loans. Thank you. Reviewer Comment (2025-02-28): Cleared in error. Reviewer Comment (2025-02-28): clear |
03/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | D | A | C | A | D | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 275 | (redacted) | 33640139 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Title Co. Closing Statement Used For Fee Testing Material | Missing Final HUD-1: Title Company Closing Statement used for any applicable Federal, State or Local compliance testing. | Used Settlement Statement to review the loan. | Reviewer Comment (2025-02-28): clear Buyer Comment (2025-02-27): Final [redacted] fully executed. Thank you. |
02/28/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Purchase | D | A | C | A | D | A | A | A | Exempt from ATR | N/A | No | ||||||||||
| (redacted) | 275 | (redacted) | 33640140 | Compliance | Compliance | Federal Compliance | Missing Application Date | Missing Initial Loan Application Test | No evidence of application date located in file. Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date. | Missing Initial Loan Application from file. | Reviewer Comment (2025-02-28): clear |
02/28/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | D | A | C | A | D | A | A | A | Exempt from ATR | N/A | No | ||||||||||
| (redacted) | 275 | (redacted) | 33640141 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | CPA to provide verification that there is no affiliation/association to the borrower or borrowers business. | Reviewer Comment (2025-02-28): clear Buyer Comment (2025-02-27): Please find tax professional letter attached confirming no affiliation. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | D | A | C | A | D | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 275 | (redacted) | 33640142 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Title Co. Closing Statement Used For Fee Testing Non Material | Missing Final HUD-1: Title Company Closing Statement used for any applicable [redacted] State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement.[redacted] informational finding to indicate which document was used to source fees for any applicable testing. | Title company closing statement in file. | Reviewer Comment (2025-03-16): Title company closing statement detailing all fees in file. |
03/16/2025 | 1 | A | A | A | A | A | CA | Investment | Purchase | D | A | C | A | D | A | A | A | Exempt from ATR | N/A | No | |||||||||||||||
| (redacted) | 276 | (redacted) | 33640144 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Attorney's Fee (Closing Agent and Other). Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Attorney's fees (Borrower's Attorney) increased from [redacted] without a change of circumstance or cure. | Reviewer Comment (2025-03-12): [redacted] received corrected [redacted]and [redacted] Buyer Comment (2025-03-10): please see attached [redacted] Reviewer Comment (2025-03-06): [redacted] Received Corrected [redacted]; however, [redacted]not received. Provide [redacted]to the borrower. Buyer Comment (2025-03-05): please see attached [redacted] |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| (redacted) | 276 | (redacted) | 33640145 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | The title commitment in the file did not disclose [redacted]Funding as lender. | Reviewer Comment (2025-02-28): clear Buyer Comment (2025-02-27): Please find Prelim [redacted]attached with mortgagee reflected in Champions name. Thank you. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| (redacted) | 277 | (redacted) | 33640148 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Reviewer Comment (2025-03-18): clear Buyer Comment (2025-03-14): Effective date is as of the disbursement date on the Final [redacted]. This is permitted. Reviewer Comment (2025-03-13): Effective date is after the [redacted]date. Buyer Comment (2025-03-11): [redacted] |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | D | B | D | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||
| (redacted) | 277 | (redacted) | 33640150 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | CPA to confirm that they have no association/affiliation with the borrowers and/or the borrowers business. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Borrower has verified disposable income of at least $[redacted]. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] Documentation Type: redacted] Disposable Income: $redacted] |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-18): Waived with compensating factors at [redacted]request. Buyer Comment (2025-03-14): Lender accepts. Please [redacted]with available compensating factors Reviewer Comment (2025-03-13): Cannot use post [redacted]document to clear this. Buyer Comment (2025-03-11): [redacted] |
03/18/2025 | 2 | C | B | C | B | C | B | C | B | D | B | CA | Primary | Purchase | D | B | D | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||
| (redacted) | 277 | (redacted) | 33640151 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | CPA to confirm that they have no association/affiliation with the borrowers and/or the borrowers business. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Borrower has verified disposable income of at least $[redacted]. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] Documentation Type: redacted] Disposable Income: $redacted] |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-18): Waived with compensating factors at clients request. Buyer Comment (2025-03-14): Lender accepts. Please waive with available compensating factors Reviewer Comment (2025-03-13): Cannot use post closing doc for this. Buyer Comment (2025-03-11): see attached |
03/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | D | B | D | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||
| (redacted) | 278 | (redacted) | 33640154 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Full Fraud Report required. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): Please find attached clear [redacted]Guard. Thank you. |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | N/A | No | ||||||||||
| (redacted) | 279 | (redacted) | 33640157 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Title Co. Closing Statement Used For Fee Testing Non Material | Missing Final HUD-1: Title Company Closing Statement used for any applicable [redacted], State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement. [redacted] informational finding to indicate which document was used to source fees for any applicable testing. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): Please find attached [redacted]. |
03/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | WA | Investment | Purchase | B | A | A | A | B | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 280 | (redacted) | 33640159 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Estimated HUD-1 Used For Fee Testing Non Material | Missing Final HUD-1: Estimated HUD-1 used for any applicable [redacted], State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement. [redacted]informational finding to indicate which document was used to source fees for any applicable testing. | Reviewer Comment (2025-03-07): clear Buyer Comment (2025-03-05): Please find attached final fully executed[redacted] Thank you. |
03/07/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Investment | Purchase | B | A | A | A | B | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 281 | (redacted) | 33640160 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | Provide VOM to verify prior housing history. | Reviewer Comment (2025-03-07): clear Buyer Comment (2025-03-05): Please find rent free loe attached. Thank you. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 281 | (redacted) | 33640162 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | Disbursement Date Missing Test | Disbursement Date Missing: Evidence of disbursement date not found in file. Prepaid Interest From Date from HUD-1 or final closing disclosure of [redacted] used as disbursement date for compliance testing. | Evidence of disbursement date not found in file. Provide valid HUD document to verify disbursement date. | Reviewer Comment (2025-03-07): clear Buyer Comment (2025-03-05): Final SS attached Buyer Comment (2025-03-05): Please find attached final [redacted] reflecting all applicable dates. Thank you. |
03/07/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Exempt from ATR | N/A | No | ||||||||||
| (redacted) | 282 | (redacted) | 33640165 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [redacted] | Loan is to be securitized. Secondary valuation is missing. | Reviewer Comment (2025-03-06): Clear Buyer Comment (2025-03-05): Please find the attached [redacted]. Thank you. |
03/06/2025 | 1 | D | A | D | A | D | A | D | A | D | A | AZ | Investment | Purchase | D | A | A | A | B | A | D | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 282 | (redacted) | 33640167 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Title Co. Closing Statement Used For Fee Testing Non Material | Missing Final HUD-1: Title Company Closing Statement used for any applicable Federal, State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement. [redacted] informational finding to indicate which document was used to source fees for any applicable testing. | Reviewer Comment (2025-03-06): clear Buyer Comment (2025-03-04): Please find attached [redacted] |
03/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | AZ | Investment | Purchase | D | A | A | A | B | A | D | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 282 | (redacted) | 33640168 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Title Co. Closing Statement Used For Fee Testing Non Material | Missing Final HUD-1: Title Company Closing Statement used for any applicable Federal, State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requiremen[redacted] informational finding to indicate which document was used to source fees for any applicable testing. | Reviewer Comment (2025-03-06): clear. |
03/06/2025 | 1 | A | A | A | A | A | AZ | Investment | Purchase | D | A | A | A | B | A | D | A | Exempt from ATR | N/A | No | ||||||||||||||||
| (redacted) | 283 | (redacted) | 33640169 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Provide the Lease Agreement for the property [redacted] | Reviewer Comment (2025-03-16): Received updated [redacted]removing rental income from this REO. Buyer Comment (2025-03-13): [redacted] Buyer Comment (2025-03-13): [redacted]removed the rental income for [redacted]Pickford St . See attached [redacted] |
03/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | ||||||||||
| (redacted) | 283 | (redacted) | 33640172 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Received [redacted]months bank statement. Provide the bank statement for account ending[redacted]Investment. | The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
DTI: [redacted]% Guideline Maximum DTI: [redacted]% Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Originator Pre-Close SitusAMC Originator Pre-Close,SitusAMC |
Reviewer Comment (2025-03-26): Waived with compensating factors per approved lender exception. Buyer Comment (2025-03-24): exception Reviewer Comment (2025-03-11): Guidelines require 991484 months of statements. Buyer Comment (2025-03-07): #[redacted]was opened on [redacted]; loan was qualified with [redacted]months divided over [redacted]months. |
03/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | ||||||||
| (redacted) | 283 | (redacted) | 33640174 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Title Co. Closing Statement Used For Fee Testing Non Material | Missing Final HUD-1: Title Company Closing Statement used for any applicable Federal, State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement. [redacted] informational finding to indicate which document was used to source fees for any applicable testing. | Reviewer Comment (2025-03-26): Received title company correspondence this is final [redacted], which contains all fees. Condition cleared. Reviewer Comment (2025-03-26): Provide a copy stamped true and certified and signed by title company. Buyer Comment (2025-03-25): [redacted]Upload [redacted]from Title Reviewer Comment (2025-03-11): Provide fully executed final settlement statement. Reviewer Comment (2025-03-11): Cleared in error. Reviewer Comment (2025-03-11): clear Buyer Comment (2025-03-10): Attached find the final settlement statement. |
03/26/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 283 | (redacted) | 33640175 | Compliance | Compliance | Federal Compliance | Missing Application Date | Missing Initial Loan Application Test | No evidence of application date located in file. Compliance tests were run using an application date of [redacted] which is [redacted]months prior to consummation. A lookback was performed to determine this application date. | Initial 1003 is missing in file. | Reviewer Comment (2025-03-11): cleared. Buyer Comment (2025-03-07): Attached is the Comm Loan [redacted] |
03/11/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | ||||||||||
| (redacted) | 283 | (redacted) | 33640176 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender approved exception to exceed the maximum LTV [redacted]with a loan amount over [redacted]million. Compensating factors include FICO [redacted] points over minimum score required for the LTV requested, experienced investor, residual income over [redacted]with a loan amount over $[redacted] and no credit lates in [redacted] months. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Documentation Type: redacted] Disposable Income: $redacted] Reserves: [redacted] Guideline Requirement: [redacted] DTI: [redacted]% Guideline Maximum DTI: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator Pre-Close Originator Pre-Close,SitusAMC |
Reviewer Comment (2025-03-05): Client elects to waive with compensating factors. |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | |||||||
| (redacted) | 284 | (redacted) | 33640177 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title Evidence: ___ | The file was missing a copy of the final title policy. | Reviewer Comment (2025-03-21): clear |
03/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | ||||||||||
| (redacted) | 284 | (redacted) | 33640178 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial [redacted] | 1003 Initial - Lender's is missing. | Reviewer Comment (2025-03-11): clear Buyer Comment (2025-03-07): Please see attached doc Buyer Comment (2025-03-07): Loan is [redacted]this should be clear |
03/11/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 284 | (redacted) | 33640179 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Title Co. Closing Statement Used For Fee Testing Non Material | Missing Final HUD-1: Title Company Closing Statement used for any applicable Federal, State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement. [redacted] informational finding to indicate which document was used to source fees for any applicable testing. | HUD-1 is missing in the file. | Reviewer Comment (2025-03-19): clear Buyer Comment (2025-03-18): Please see updated [redacted] Reviewer Comment (2025-03-16): Doc ID [redacted]states it is an estimated [redacted]. Please provide final signed/stamped [redacted] for subject transaction. The prior final [redacted] provided reflects a disbursement date of [redacted], which has not occurred yet. Buyer Comment (2025-03-13): Please see doc ID [redacted]page [redacted]and [redacted] Reviewer Comment (2025-03-13): Closing statement provided reflects a disbursement date of March [redacted]. Buyer Comment (2025-03-11): Please See Doc ID:-[redacted] Reviewer Comment (2025-03-11): Document provided is not signed. Buyer Comment (2025-03-07): Please see attached doc |
03/19/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | ||||||||||
| (redacted) | 284 | (redacted) | 33640180 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender exception was approved to exceed the maximum LTV of[redacted] with a loan amount over [redacted]million. Compensating factors include FICO [redacted] points over the minimum score required for the LTV requested, experienced investor, residual income over [redacted]with a loan amount over [redacted] million, and no credit lates in [redacted] months (in their entire history). | Borrower has verified disposable income of at least $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Documentation Type: redacted] Disposable Income: $redacted] Reserves: [redacted] Guideline Requirement: [redacted] DTI: [redacted]% Guideline Maximum DTI: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-06): [redacted]exception was approved to exceed the maximum [redacted]of [redacted]% and go to [redacted]% with a loan amount over $[redacted] million. Compensating factors include [redacted]+ points over the minimum score required for the LTV requested, experienced investor, residual income over $[redacted]with a loan amount over $[redacted]million, and no credit lates in [redacted]+ months (in their entire history). Approved with compensating factors per lender exception approval at origination. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | |||||||
| (redacted) | 284 | (redacted) | 33640181 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The file is missing mortgage statement for [redacted]. Also, bank statement used to qualify borrower, ending in[redacted], and dated 0[redacted]Investments is missing. | Reviewer Comment (2025-03-21): clear Buyer Comment (2025-03-19): [redacted]Garth Reviewer Comment (2025-03-19): Exception does not cover the [redacted]for the [redacted]. Buyer Comment (2025-03-17): see attached exception Buyer Comment (2025-03-17): exception Reviewer Comment (2025-03-11): [redacted] months required per guidelines. Buyer Comment (2025-03-07): [redacted] #[redacted]was opened on [redacted] Buyer Comment (2025-03-07): [redacted] |
03/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 284 | (redacted) | 33640182 | Compliance | Compliance | Federal Compliance | Missing Application Date | Missing Initial Loan Application Test | No evidence of application date located in file. Compliance tests were run using an application date of [redacted] which is [redacted]months prior to consummation. A lookback was performed to determine this application date. | The file is missing the initial 1003. | Reviewer Comment (2025-03-11): cleared. Buyer Comment (2025-03-07): please see attached doc Buyer Comment (2025-03-07): Loan is BP this should be clear |
03/11/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | ||||||||||
| (redacted) | 284 | (redacted) | 33640183 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | The file is missing the bank statement ending in[redacted] and dated [redacted] for [redacted]Bensimon Investments. | The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Borrower has verified disposable income of at least $[redacted]. |
DTI: [redacted]% Guideline Maximum DTI: [redacted]% Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] Documentation Type: redacted] Disposable Income: $redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-19): Waived with compensating factors per lender exception approval at origination. Buyer Comment (2025-03-18): exception Reviewer Comment (2025-03-11): Guidelines require [redacted]months of statements. Buyer Comment (2025-03-07): [redacted] #[redacted] was opened on [redacted]. |
03/19/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | ||||||||
| (redacted) | 284 | (redacted) | 33640184 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide a[redacted] month rent history for the borrowers primary residence. Must meet guideline requirements. | Reviewer Comment (2025-03-11): clear Buyer Comment (2025-03-07): rent payments Buyer Comment (2025-03-07): [redacted] |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 284 | (redacted) | 33640185 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Title Co. Closing Statement Used For Fee Testing Non Material | Missing Final HUD-1: Title Company Closing Statement used for any applicable Federal, State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement. [redacted] informational finding to indicate which document was used to source fees for any applicable testing. | Reviewer Comment (2025-03-21): [redacted]company closing statement detailing all fees was provided. |
03/21/2025 | 1 | A | A | A | A | A | CA | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | ||||||||||||||||
| (redacted) | 285 | (redacted) | 33640186 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial [redacted] | Reviewer Comment (2025-03-10): clear Buyer Comment (2025-03-06): We do not sign/require Initial [redacted]for Business Purpose Loans. |
03/10/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | ||||||||||||
| (redacted) | 285 | (redacted) | 33640188 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Note is not on a [redacted] form and does not contain the standard Due on Sale clause. | Reviewer Comment (2025-03-10): clear Buyer Comment (2025-03-07): [redacted]is our standard note |
03/10/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | ||||||||||||
| (redacted) | 285 | (redacted) | 33640189 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Title Co. Closing Statement Used For Fee Testing Non Material | Missing Final HUD-1: Title Company Closing Statement used for any applicable Federal, State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement. [redacted] informational finding to indicate which document was used to source fees for any applicable testing. | Reviewer Comment (2025-03-10): [redacted]company closing statement detailing all fees was provided. Buyer Comment (2025-03-07): This is the SS provided from title which is also uploaded in the package**please clear the informational finding**usiness purpose loans exempt from [redacted][redacted] requirement |
03/10/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 285 | (redacted) | 33640190 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Please provide a rent-free letter for co-borrower. | Reviewer Comment (2025-03-10): Cleared with Fraud Report. Buyer Comment (2025-03-10): Exception is still showing open. Please waive or complete Reviewer Comment (2025-03-10): Clear Buyer Comment (2025-03-07): Co-Borrower is owner of her primary residence. Per Fraud report [redacted]and HOA bill she is vested in the property. Rent Free letter is not required. |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 285 | (redacted) | 33640191 | Compliance | Compliance | Federal Compliance | Missing Application Date | Missing Initial Loan Application Test | No evidence of application date located in file. Compliance tests were run using an application date of[redacted] which is [redacted]months prior to consummation. A lookback was performed to determine this application date. | Reviewer Comment (2025-03-10): Cleared. Buyer Comment (2025-03-06): We do not sign/require Initial [redacted]for Business Purpose Loans. |
03/10/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | |||||||||||
| (redacted) | 285 | (redacted) | 33640192 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Lender exception was approved for borrowers' being self-employed for less than [redacted] years. They are about [redacted]months short on the formal [redacted]year self employment requirement. Compensating factors include reserves of at least [redacted] months; [redacted]months more than guideline-required [redacted] months, residual income of more than [redacted]and at least [redacted] tradelines over [redacted] years, and no derogatories in more than [redacted]years. | The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
DTI: [redacted]% Guideline Maximum DTI: [redacted]% Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-05): Lender exception was approved for borrowers' being self-employed for less than [redacted]years. They are about [redacted]months short on the formal [redacted]-year self employment requirement. Compensating factors include reserves of at least [redacted]months; [redacted]months more than guideline-required [redacted]months, residual income of more than $[redacted], and at least [redacted]tradelines over [redacted]years, and no derogatories in more than [redacted]years. |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Purchase | C | B | C | B | B | A | A | A | Exempt from ATR | N/A | No | ||||||||
| (redacted) | 288 | (redacted) | 33650475 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | The fully executed Corporate Resolution is missing from the loan file. | Reviewer Comment (2024-08-22): Lender Attestation provided, doc [redacted]. Cleared. Buyer Comment (2024-08-21): Attestation attached per request from [redacted]. Reviewer Comment (2024-08-16): Operating Agreement states functions of members. However it does not reflect Business purpose and activities are limited to ownership and management of real estate. Buyer Comment (2024-08-14): The terms of the operating agreement make clear no corporate resolution is required. See attached Article redacted and redacted as well as redacted. The borrower is the Chief Executive Member and has full authority and control over the business. |
08/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 288 | (redacted) | 33650476 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception Approval for Incomplete primary residence rental payment history per guidelines require cancelled checks or bank statements when rents are paid to an individual. The Compensating factors are conservative use of credit or minimal use of revolving credit and no previous foreclosure or short sale history on prior homeownership experience. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous Miscellaneous |
Prior homeownership Experience (No FC or SS) Conservative use of credit or minimal use of revolving credit. |
SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-08-08): Lender Exception with Compensating Factors. |
08/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 292 | (redacted) | 33650481 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender exception approved for [redacted]LTV exception. Compensating factor substantial Cash reserves. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-09-05): Lender Exception with Compensating Factors. Buyer Comment (2024-08-27): The reserves are documented in the file and are not proceeds from the subject transaction, see page [redacted] of the binder. Documentation of business ownership is also included in the file. Additionally, updated the approval to include other comp factors described in the exception notes. See attached. Reviewer Comment (2024-08-16): Please provide valid compensating factor(s) as proceeds from transaction for reserves are not allowable per lender exception guidelines. |
09/05/2024 | 2 | C | B | C | B | C | B | C | B | C | B | PA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||
| (redacted) | 292 | (redacted) | 33650482 | Credit | Credit | Credit Documentation | Credit | OFAC was not provided and is required. | Missing OFAC search for borrowing entity. | Reviewer Comment (2024-08-29): Received Complete version fraud report displaying [redacted]search. Exception cleared. Buyer Comment (2024-08-28): Complete version attached displaying [redacted]search. Reviewer Comment (2024-08-28): [redacted]search for borrowing entity [redacted] is still missing on file. Exception remains. Buyer Comment (2024-08-27): Attached; no watchlist hits. |
08/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 292 | (redacted) | 33650483 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Transfer deed from the individual to the borrowing business entity was not provided. | Reviewer Comment (2024-08-28): Transfer deed from the individual to the borrowing business entity received and verified the details. Exception cleared. Buyer Comment (2024-08-27): Attached |
08/28/2024 | 1 | D | A | D | A | D | A | D | A | D | A | PA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 292 | (redacted) | 33650484 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-09-05): Lender Exception with Compensating Factors. Buyer Comment (2024-08-27): Attached. Buyer Comment (2024-08-27): Corrected to show exception applies to both[redacted] |
09/05/2024 | 2 | C | B | C | B | C | B | C | B | C | B | PA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| (redacted) | 292 | (redacted) | 33650485 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide name affidavit reflecting Ivana Rincon and Ivana [redacted] are one in the same. | Reviewer Comment (2024-09-05): Name affidavit provided Buyer Comment (2024-08-27): Attached |
09/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 294 | (redacted) | 33650489 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Personal not provided | The loan file is missing two months bank statements for account ending in [redacted] as required by guidelines. | Reviewer Comment (2024-08-27): Initial deposit sourced on new account. Reviewer Comment (2024-08-26): Bank statement must be sourced/seasoned for [redacted]days. Exception Remains. Buyer Comment (2024-08-25): Please see image [redacted], bank statement ending #[redacted]reflects previous balance as of May [redacted]of $[redacted]an a deposit of $[redacted]on [redacted] Reviewer Comment (2024-08-23): Require any proof which shows borrower opened this account on [redacted] , Exception Remains Buyer Comment (2024-08-22): Please see underwriting transmittal summary, image [redacted]account ending in [redacted]was opened after borrower deposited proceeds from sale of other property to acct #[redacted]and transferred to account [redacted]. |
08/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 294 | (redacted) | 33650490 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | The final 1003 in file reflects the Borrower rents when [redacted]in file states he is living rent free. | Reviewer Comment (2024-08-23): Final 1003 is in the file and borrower is not living rent free , Exception cleared Buyer Comment (2024-08-22): Please note, the [redacted]image [redacted]does not state borrower is living rent free. It states he is currently residing with his sister to help her as she is a single mother. Borrower is helping sister by paying rent. |
08/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 295 | (redacted) | 33650492 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The subject loan is a business purpose loan and the final closing disclosure reflects a personal judgement being paid off at closing. | Reviewer Comment (2024-09-05): Exception cleared as lien was not associated with Borrower. Buyer Comment (2024-08-27): The debts being paid off are not in the borrower's name, but in the name of the prior owner Nightengale [redacted]. Their payoff is relevant to the borrower's business interest in the property, in order to maintain clear title to the property. |
09/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 297 | (redacted) | 33650495 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Missing Corporate Resolution, or Operating Agreement if entity is owned by a single member. | Reviewer Comment (2024-08-26): Received Corporate Resolution in the file. Exception Cleared. Buyer Comment (2024-08-23): Business docs uploaded. |
08/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 297 | (redacted) | 33650496 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement not provided. | Reviewer Comment (2024-08-28): Received [redacted] letter in the file with ownership interest of borrower. Exception Cleared. Buyer Comment (2024-08-27): Per guidelines, operating agreement required if applicable. The [redacted]letter uploaded reflects [redacted] Properties, [redacted]is a single member who is [redacted]. Reviewer Comment (2024-08-26): Operating agreement not received in the file. Exception remains. Buyer Comment (2024-08-23): Business docs uploaded. |
08/28/2024 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 297 | (redacted) | 33650498 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | The appraisal indicates the subject property is tenant occupied. Lease Agreements were not provided. | Reviewer Comment (2024-08-26): As transaction is purchase, so lease agreement is not required. Exception cleared. Buyer Comment (2024-08-23): Subject is a purchase, lease is not required. |
08/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 297 | (redacted) | 33650499 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Borrower lives rent free but a rent free letter from the person who owns the property is not in file. | Reviewer Comment (2024-08-26): Letter from wife stating borrower living with her rent free is received. Exception cleared. Buyer Comment (2024-08-23): [redacted]uploaded. |
08/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 297 | (redacted) | 33650500 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Articles of organization and certificate of good standing have business entity established in [redacted] The security instrument reflects the [redacted] company. | Reviewer Comment (2025-03-17): Documents received, system cleared. Buyer Comment (2025-03-12): Corrected Re-recorded mortgage Reviewer Comment (2025-02-05): Deed provided. Please upload corrected security instrument. Buyer Comment (2025-02-03): recorded corrected Deed Buyer Comment (2025-01-29): Corrected DOT uploaded. Reviewer Comment (2024-08-26): Provided documents are already present in the file. Articles of organization and certificate of good standing have business entity established in [redacted]. The security instrument reflects the LLC as a [redacted]company. Require either documents stating business entity established in [redacted]or corrected security instrument. Exception remains. Buyer Comment (2024-08-23): Business docs uploaded. |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 301 | (redacted) | 33650505 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Lender approved exception for Loan Amount under $[redacted]. Compensating Factors: Substantial Cash Reserves and Excellent Credit Management with FICO [redacted]+. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. |
Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-09-09): Lender Exception with Compensating Factors. |
09/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OK | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 304 | (redacted) | 33650510 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The loan file is missing the initial business purpose & occupancy statement. | Reviewer Comment (2024-10-10): Disclosure tracking reflects disclosure was sent to borrower, exception cleared. Buyer Comment (2024-10-04): The disclosure summary on page [redacted] confirms this was provided. The initial affidavit does not require signature. |
10/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 304 | (redacted) | 33650511 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2024-10-22): Received property inspection report. Exception cleared. Buyer Comment (2024-10-16): Reinspection attached. |
10/22/2024 | 1 | A | A | A | A | A | CT | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||||||
| (redacted) | 305 | (redacted) | 33650513 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | The Note loan amount of $[redacted]is less than Guideline minimum loan amount of $[redacted]. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
LTV [redacted]% lower than guideline requirements. Prior homeownership experience (No FC or Short Sale). |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2024-09-19): Lender exception with compensating factors. |
09/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NE | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 306 | (redacted) | 33650514 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Subject Property is a Non-Warrantable Condo. The Guidelines require project approval on all condo projects. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Substantial reserves. LTV [redacted]% lower than matrix. |
Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-09-19): Lender exception with compensating factors. |
09/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 306 | (redacted) | 33650516 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Borrower that does not meet seasoning for Bankruptcy discharge requirement of 48 months, the Chapter 7 was discharged on [redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Substantial reserves. LTV [redacted]% lower than matrix. |
Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-09-19): Lender exception with compensating factors. |
09/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 307 | (redacted) | 33650518 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Borrower is living rent free with a credit score less than the minimum required score of 660 per guidelines. | Miscellaneous Miscellaneous Borrower's Experience/Track Record |
Prior homeownership experience (No FC or Short Sale). Prior homeownership experience (No FC or Short Sale). Borrower's Experience/Track Record. The borrower has: [redacted] Years of Experience. |
Originator Originator SitusAMC |
Reviewer Comment (2024-09-24): Lender exception with compensating factors. Buyer Comment (2024-09-20): [redacted]approved PTC by [redacted]uploaded with mitigating factors. Reviewer Comment (2024-09-19): Please provide additional compensating for consideration of downgrading, waiving exception. |
09/24/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 307 | (redacted) | 33650519 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower does not have the required [redacted] tradelines reporting for at least [redacted]month. Borrower has [redacted] tradelines reporting for [redacted] months and [redacted] tradeline reporting for [redacted] months. | Miscellaneous Miscellaneous Borrower's Experience/Track Record |
Prior homeownership experience (No FC or Short Sale). Prior homeownership experience (No FC or Short Sale). Borrower's Experience/Track Record. The borrower has: [redacted] Years of Experience. |
Originator Originator SitusAMC |
Reviewer Comment (2024-09-25): Lender exception with compensating factors. Reviewer Comment (2024-09-24): Lender exception with compensating factors. Buyer Comment (2024-09-20): [redacted]approved [redacted]by [redacted]uploaded with mitigating factors. Reviewer Comment (2024-09-19): Please provide additional compensating for consideration of downgrading, waiving exception. |
09/25/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 309 | (redacted) | 33650522 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Valuation Error: Appraiser's valuation company name not provided. | - | Valuation Company is blank on appraisal. | Reviewer Comment (2024-10-18): Valuation Company is provided in revised appraisal. Exception cleared. Buyer Comment (2024-10-16): Revised appraisal uploaded. |
10/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| (redacted) | 309 | (redacted) | 33650524 | Credit | Credit | Miscellaneous | Credit | Miscellaneous Credit (Non-Material): | Guidelines require an initial occupancy affidavit and business purpose disclosure and state that this is for informational purposes only. | Buyer Comment (2024-10-24): Approve |
10/24/2024 | 2 | B | B | B | B | B | OR | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||||||
| (redacted) | 310 | (redacted) | 33650526 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Loan amount is less than the guideline minimum of $[redacted]. | Borrower has owned the subject property for at least [redacted] years. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Prior Homeownership Experience (No FC or SS). | SitusAMC SitusAMC Originator |
Reviewer Comment (2024-09-27): Lender Exception with Compensating Factors provided. |
09/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 311 | (redacted) | 33650530 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Borrower has collections/charge-offs that exceed $[redacted] per occurrence per guidelines and were required to be paid off. | Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Property ownership experience - borrower owns in the Dominican Republic. | SitusAMC Originator |
Reviewer Comment (2024-09-27): Lender Exception with Compensating Factors provided. |
09/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 312 | (redacted) | 33650532 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Signed Business Purpose Affidavit was not provided. | Reviewer Comment (2024-10-07): Received Business Purpose Certificate document. Verified and updated details. Exception Cleared. Buyer Comment (2024-10-04): Business purpose affidavit uploaded. |
10/07/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 312 | (redacted) | 33650533 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | The provided Fraud Report has outstanding conditions that have not been cleared. | Reviewer Comment (2024-10-17): Received [redacted]report document. Exception cleared. Buyer Comment (2024-10-15): All red flags addressed on the attached FG uploaded. Reviewer Comment (2024-10-07): Received fraud report document is still reflecting outstanding conditions that have not been cleared. Exception Remains. Buyer Comment (2024-10-04): [redacted]guard uploaded. |
10/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 313 | (redacted) | 33650534 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud report is incomplete and missing pages in file. | Reviewer Comment (2024-10-18): Received complete [redacted]Report document. Verified and updated details. Exception Cleared. Buyer Comment (2024-10-16): Please a complete [redacted]report attached |
10/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Home Improvement | D | A | C | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 313 | (redacted) | 33650535 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [redacted] | UCDP document is missing. IF CU score of [redacted] or more file is required secondary valuation. | Reviewer Comment (2024-10-18): Received [redacted]report. Verified and updated details. Exception Cleared. Buyer Comment (2024-10-16): Please see CDA report attached. |
10/18/2024 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Refinance - Cash-out - Home Improvement | D | A | C | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 313 | (redacted) | 33650537 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Initial Business Purpose Affidavit is missing from the loan file. | Reviewer Comment (2024-10-22): Initial disclosure provided Buyer Comment (2024-10-16): Please see Business Purpose Affidavit attached initial and final document. |
10/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Home Improvement | D | A | C | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 313 | (redacted) | 33650538 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud report is incomplete and missing pages in file. | Reviewer Comment (2024-10-18): Received complete [redacted]Report document. Verified and updated details. Exception Cleared. Buyer Comment (2024-10-16): Please see the complete [redacted]report attached. |
10/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Home Improvement | D | A | C | A | D | A | N/A | No | |||||||||||||
| (redacted) | 313 | (redacted) | 33650539 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [redacted] Disaster Issue: The subject property is located in a [redacted] disaster that does not have a declared end date. |
Reviewer Comment (2024-11-13): Received [redacted]Inspection report. Exception cleared. Buyer Comment (2024-11-12): Please see Re-Inspection report attached. |
11/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Home Improvement | D | A | C | A | D | A | N/A | No | |||||||||||||||
| (redacted) | 315 | (redacted) | 33650541 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | OFAC report for borrowing entity [redacted] is missing in file. | Reviewer Comment (2024-10-31): Received [redacted]for borrowing Entity. Exception Cleared. Buyer Comment (2024-10-31): [redacted]uploaded. |
10/31/2024 | 1 | C | A | C | A | C | A | C | A | D | A | TN | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 315 | (redacted) | 33650542 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | One of the subject property's units is vacant max LTV is [redacted]%. | Reviewer Comment (2024-12-04): [redacted]income not used for [redacted]unit, so not considered unleased property. Reviewer Comment (2024-12-03): Guidelines state: If subject property is not leased, proposed rents may be used for vacant units based on the appraiser's rent analysis. See the [redacted] Investor Advantage Program Matrix for [redacted]restrictions for unleased properties on refinance transactions. Matrix reflects unleased at [redacted]% [redacted]for cash out. Does not state if not using proposed rents property is not considered unleased. Buyer Comment (2024-11-20): Please escalate to [redacted]. Guidelines only require using the unleased LTV when using proposed rents on vacant units. Proposed rents are not being used for qualifying. Reviewer Comment (2024-11-14): Subject property has [redacted]unit out of that [redacted]are leased and [redacted]is unleased. For unleased unit-[redacted] max LTV permitted is [redacted]%. Required additional document to satisfy the requirement of LTV [redacted]%. Exception remains. Buyer Comment (2024-11-13): Borrower has a [redacted]of [redacted]and a DSCR [redacted]+, max LTV/CLTV is [redacted]% Guidelines are met. Reviewer Comment (2024-11-05): Subject transaction is cash out and the LTV is [redacted]%. Exception remains. Buyer Comment (2024-11-01): Please note, guidelines only require using the unleased LTV wen using proposed rents on vacant units. Only using rents per the lease for units #[redacted], #[redacted]and #[redacted]. Rents being used $[redacted]and [redacted] is [redacted]. |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 315 | (redacted) | 33650543 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | One of the subject property's units is vacant max LTV is [redacted]%. | Reviewer Comment (2024-12-04): [redacted]income not used for 1 unit, so not considered unleased property. Reviewer Comment (2024-12-03): Guidelines state: If subject property is not leased, proposed rents may be used for vacant units based on the appraiser's rent analysis. See the [redacted] Investor Advantage Program Matrix for [redacted]restrictions for unleased properties on refinance transactions. Matrix reflects unleased at [redacted]% [redacted]for cash out. Buyer Comment (2024-11-20): Please escalate to [redacted]. Guidelines only require using the unleased [redacted] when using proposed rents on vacant units. Proposed rents are not being used for qualifying. Reviewer Comment (2024-11-14): Subject property has [redacted]unit out of that [redacted]are leased and [redacted]is unleased. For unleased unit-[redacted]max [redacted]permitted is [redacted]%. Required additional document to satisfy the requirement of [redacted][redacted]%. Exception remains. Buyer Comment (2024-11-13): Borrower has a [redacted]of [redacted]and a DSCR [redacted]+, max [redacted]% Guidelines are met. Reviewer Comment (2024-11-05): Subject transaction is cash out and the [redacted]is [redacted]%. Exception remains. Buyer Comment (2024-11-01): Please note, guidelines only require using the unleased [redacted]wen using proposed rents on vacant units. Only using rents per the lease for units #[redacted], #[redacted]and #[redacted]. Rents being used $[redacted]and [redacted] is [redacted]. |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 316 | (redacted) | 33650544 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | The Property is located in a FEMA disaster area. Provide a post-disaster inspection verifying there were no damage. The inspection must include exterior photos and the property must be re-inspected on or after [redacted] declared end date. | Reviewer Comment (2024-11-20): Exception Cleared - Post Disaster Inspection report received and updated in [redacted]. Buyer Comment (2024-11-13): Disaster reinspection uploaded. Declared end date [redacted]. |
11/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 316 | (redacted) | 33650546 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | Cash-Out Utilization is missing | Reviewer Comment (2024-10-31): Provided letter stating cash out purpose. Exception cleared. Buyer Comment (2024-10-30): Cash out [redacted]uploaded. |
10/31/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 316 | (redacted) | 33650547 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Instructions not provided | Closing Instructions is missing | Reviewer Comment (2024-10-31): Provided Closing/Escrow instructions. Exception cleared. Buyer Comment (2024-10-30): Closing instructions uploaded. |
10/31/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 316 | (redacted) | 33650548 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Loan amount is under the guideline minimum of $[redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Borrower has a clean housing payment history |
Reserves exceed guidelines by at least [redacted] months. Excellent credit management with FICO [redacted]+. Prior home ownership experience (No FC or Short Sale). |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-10-25): Lender exception with compensating factors. |
10/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 316 | (redacted) | 33650549 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower exceeds guideline limit of [redacted] CMS loans for one borrower. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Borrower has a clean housing payment history |
Reserves exceed guidelines by at least [redacted] months. Excellent credit management with FICO [redacted]+. Prior home ownership experience (No FC or Short Sale). |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-10-25): Lender exception with compensating factors. |
10/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 318 | (redacted) | 33650553 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Spousal Consent Form not provided | The Spousal Consent Form is missing from the loan file. | Reviewer Comment (2024-12-02): Received [redacted]. Exception Cleared. Buyer Comment (2024-11-21): Please escalate to your compliance dept and/or [redacted]and [redacted]for review as this is not required. Reviewer Comment (2024-11-15): Provided document is not acceptable. [redacted]or spousal consent is required stating that spouse does not have any ownership on the property. Exception Remains. Buyer Comment (2024-11-12): Warranty deed uploaded. |
12/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 318 | (redacted) | 33650554 | Credit | Business Purpose | General | Business Purpose | Missing Document: Spousal Consent not provided. | - | The Spousal Consent Form is missing from the loan file. | Reviewer Comment (2024-12-02): Received [redacted]. Exception Cleared. Buyer Comment (2024-11-21): Please escalate to your [redacted]dept and/or [redacted] for review as this is not required. Reviewer Comment (2024-11-15): Provided document is not acceptable. [redacted]or spousal consent is required stating that spouse does not have any ownership on the property. Exception Remains. Buyer Comment (2024-11-12): [redacted] uploaded. |
12/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 319 | (redacted) | 33650555 | Credit | Loan Eligibility | Guideline Issue | Loan Eligibility | Credit history reflects lates that do not meet guidelines. | - Credit history reflects a total of ___ reported late payments. | The Guidelines have a Maximum [redacted]. The Verification of Mortgage within the loan file on [redacted] and the Borrower is reflecting late payments for [redacted] and [redacted] of[redacted] | Reviewer Comment (2024-11-22): [redacted]uploaded reflecting most recent [redacted]months payment [redacted], exception cleared. Buyer Comment (2024-11-08): [redacted]uploaded supports [redacted]in the most recent [redacted]months; October [redacted]-September [redacted]. Please review document uploaded and consider waiving condition based on rating provided |
11/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 320 | (redacted) | 33650557 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | The subject loan amount of $[redacted] is less than the guideline minimum of $[redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Substantial cash reserves. Excellent credit management with FICO [redacted]+. |
Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-11-18): Lender exception with compensating factors. |
11/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 320 | (redacted) | 33650558 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The loan file does not document a full [redacted] months of the Borrowers' housing history as required by guidelines. Ten months of payments reflected on credit supplement for current housing payment however, prior rent and living rent free not documented in file. | Reviewer Comment (2024-12-03): [redacted]provided, exception cleared. Buyer Comment (2024-11-21): [redacted]regarding rent free uploaded. |
12/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 321 | (redacted) | 33650559 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | The subject loan amount of [redacted] is less than the guideline minimum of $[redacted] | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Substantial cash reserves. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2024-11-18): Lender exception with compensating factors. |
11/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 322 | (redacted) | 33650562 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender Approved Exception for LTV to [redacted]% (Max LTV for DSCR <[redacted] WITH A FICO of[redacted]). Compensating Factors: Prior Homeownership Experience (No FC or Short Sale). | Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Prior homeownership Experience (No FC or SS) | SitusAMC Originator |
Reviewer Comment (2024-11-18): Lender Exception with Compensating Factors. |
11/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 322 | (redacted) | 33650563 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Lender Approved Exception for CLTV to [redacted]% (Max LTV for DSCR <[redacted]WITH A FICO of [redacted]is [redacted]%). Compensating Factors: Prior Homeownership Experience (No FC or Short Sale). | Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Prior homeownership Experience (No FC or SS) | SitusAMC Originator |
Reviewer Comment (2024-11-18): Lender Exception with Compensating Factors. |
11/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 323 | (redacted) | 33650565 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | The subject property is a Non-Warrantable Condo which is ineligible per guidelines. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous |
Prior homeownership experience (No FC or Short Sale) | SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2024-11-22): Lender exception with compensating factors. |
11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 324 | (redacted) | 33650566 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The subject property is on [redacted] acres which exceeds guidelines of vacres. | Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Borrower has a clean housing payment history Miscellaneous |
Multiple mortgages ([redacted]) reported on credit seasoned [redacted]+ months reflecting 0x30. Prior homeownership experience (No FC or Short Sale) |
SitusAMC Originator Originator |
Reviewer Comment (2024-11-22): Lender exception with compensating factors. |
11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 326 | (redacted) | 33650570 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Disaster declaration date is [redacted] and PDI report inspection date of [redacted] is prior to the declaration date. | Reviewer Comment (2025-01-22): PDI report provided with no damages Buyer Comment (2025-01-09): Disaster reinspection report uploaded. Reviewer Comment (2024-12-16): The inspection date was prior to the disaster declaration of [redacted]. Buyer Comment (2024-12-05): Disaster reinspection report uploaded. |
01/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 326 | (redacted) | 33650571 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower living rent free requires a [redacted]credit score. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous |
DSCR on subject property >[redacted] Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-12-04): Lender Exception with Compensating Factors. |
12/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 327 | (redacted) | 33650573 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Lender exception for loan amount less than guideline minimum in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Substantial cash reserves. | Originator,SitusAMC | Buyer Comment (2024-12-05): Approve Reviewer Comment (2024-12-04): Lender exception with compensating factors. |
12/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 329 | (redacted) | 33650576 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The loan file contains a letter of explanation stating Borrower is renting current primary residence but the landlord has stopped accepting payments however, [redacted]reflects no primary housing expense. The loan file does not document a full [redacted] month housing history as required by guidelines. | Reviewer Comment (2025-02-27): Documentation of account ownership provided, exception cleared. Buyer Comment (2025-02-25): Evidence account holder is borrower's uploaded. Reviewer Comment (2024-12-19): Checks provided are not in the borrower's name. Provide evidence the bank account the checks are drawn are is the borrower's account. Correct [redacted]showing the borrower pays rent and not "no living expense", and provide the rent amount. Buyer Comment (2024-12-13): [redacted]months checks to verify [redacted]. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 330 | (redacted) | 33650578 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | 1025 indicates both units are rented; however, lease agreements are missing from file. | Reviewer Comment (2025-02-02): [redacted]agreement provided. Buyer Comment (2025-01-26): Please see Rental Lease agreement attached for both units. also see that [redacted]from the [redacted]report is matching amount from lease agreement s. Per guidelines which stated that gross rental income can take for lease or [redacted]schedule. |
02/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 330 | (redacted) | 33650579 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial, unsigned Business Purpose Cert missing from file. | Reviewer Comment (2024-12-19): Received Business Purpose Certificate. Exception Cleared. Buyer Comment (2024-12-17): Please see initial Business Purpose attached. |
12/19/2024 | 1 | C | A | C | A | C | A | C | A | D | A | LA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 331 | (redacted) | 33650581 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Lender approved exception for loan amount under $[redacted]. Compensating Factors: DSCR on subject property >[redacted]and Prior Homeownership Experience (No FC or Short Sale). | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
DSCR on subject property >[redacted] Prior homeownership Experience (No FC or SS) |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2024-12-19): Lender Exception with Compensating Factors. |
12/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MS | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 333 | (redacted) | 33650584 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | LTV is [redacted]% when maximum is [redacted]% LTV with FICO of [redacted] for a DSCR <[redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Substantial cash reserves. Prior homeownership experience (No FC or Short Sale) |
Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2024-12-19): Lender exception with compensating factors. |
12/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 333 | (redacted) | 33650585 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | LTV is v% when maximum is [redacted]% LTV with FICO of [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Substantial cash reserves. Prior homeownership experience (No FC or Short Sale) |
Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2024-12-19): Lender exception with compensating factors. |
12/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 333 | (redacted) | 33650586 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The subject property has acreage of[redacted] the guidelines state maximum [redacted] acres allowed. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Substantial cash reserves. Prior homeownership experience (No FC or Short Sale) |
Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2024-12-19): Lender exception with compensating factors. |
12/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 333 | (redacted) | 33650587 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The loan file does not document that the Borrower owns [redacted]% of the entity that business funds were used for closing/reserves ([redacted]) as documentation only reflects borrower as a registered agent or manager. | Reviewer Comment (2025-01-10): Updated [redacted]provided assets updated, exception cleared. Buyer Comment (2024-12-23): Revised [redacted]removing Chase account uploaded. Documentation is no longer required and borrower still has sufficient funds for reserves. |
01/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 334 | (redacted) | 33650589 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The most recent valuation inspection of [redacted] is dated prior to the most recent FEMA disaster ([redacted]). | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] | SitusAMC,Originator | Reviewer Comment (2024-12-20): Property inspected post disaster but pre-[redacted]declaration of disaster end date. |
12/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 335 | (redacted) | 33650592 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | The Guidelines state the Closing Protection Letter must be dated within [redacted] days from Note. | Reviewer Comment (2024-12-30): Closing Protection Letter is not required for [redacted]state. Exception cleared. Buyer Comment (2024-12-26): Please escalate to [redacted] CPL is not required as subject is in [redacted]. Reviewer Comment (2024-12-26): Please Provided Closing Protection Letter. Exception Remains. Buyer Comment (2024-12-23): E&O uploaded. CPL not required in [redacted]. |
12/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 336 | (redacted) | 33650593 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | FICO score of [redacted] is less than Guideline representative FICO score of [redacted]. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Substantial cash reserves. | SitusAMC Originator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-01-13): Lender Exception with Compensating Factors. Buyer Comment (2024-12-23): [redacted]approved [redacted]by [redacted]. [redacted]approval is acceptable with mitigating factors. Reviewer Comment (2024-12-20): Please provide a compensating factor from category B. |
01/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 337 | (redacted) | 33650596 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Tangible Benefit Worksheet not provided. | Reviewer Comment (2024-12-30): Tangible Benefit Worksheet is already provided in approval. Exception Cleared. Buyer Comment (2024-12-26): Please refer to the image referenced from the initial file. Approval reflects the NTB summary. Reviewer Comment (2024-12-26): Tangible Benefit Worksheet is not provided. Exception Remains. Buyer Comment (2024-12-23): Please see image [redacted], page [redacted]reflecting Net Tangible Benefit Summary. |
12/30/2024 | 1 | C | A | C | A | C | A | C | A | D | A | TX | Investment | Refinance - Cash-out - Home Improvement | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 339 | (redacted) | 33650600 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Lender approved exception for loan amount less than minimum guideline loan amount. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
DSCR on subject property >[redacted] Excellent Credit Management with FICO [redacted]+ Prior homeownership Experience (No FC or SS) |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-08): Lender Exception with Compensating Factors. |
01/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 340 | (redacted) | 33650602 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | The Guidelines state the CPL must be dated within [redacted]days from Note date. The CPL is missing from the loan file. | Reviewer Comment (2025-01-17): Closing Protection Letter is not require for [redacted]state. Exception Cleared. Buyer Comment (2025-01-14): Could you please review one more time this exception? for the [redacted]properties the title companies are unable to generate a [redacted]. Please see attached. |
01/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Home Improvement | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 341 | (redacted) | 33650604 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The loan file does not document that the Borrower owned other REO that was sold for [redacted]+ months for a seasoned investor. | Reviewer Comment (2025-01-26): Documents received, system cleared. Buyer Comment (2025-01-17): Proof borrower had a previous investment property uploaded. |
01/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 342 | (redacted) | 33650606 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception regarding the credit report reflecting the HELOC has v. The Guidelines have a maximum rating of [redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Substantial cash reserves. | Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-01-09): Lender exception with compensating factors. |
01/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 342 | (redacted) | 33650607 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Purchase transaction with a DSCR less than [redacted]maximum LTV is [redacted]%. Subject transaction is [redacted]% LTV. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Substantial cash reserves. | Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-01-09): Lender exception with compensating factors. |
01/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 342 | (redacted) | 33650608 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Purchase transaction with a DSCR less than [redacted] maximum CLTV is [redacted]%. Subject transaction is [redacted]% CLTV. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Substantial cash reserves. | Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-01-09): Lender exception with compensating factors. |
01/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 343 | (redacted) | 33650610 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Three months reserves required per guidelines and the loan file only reflects [redacted]months. | Reviewer Comment (2025-01-31): [redacted]received, exception cleared. Buyer Comment (2025-01-22): Appraisal and flood cert invoice paid by cc uploaded. |
01/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 343 | (redacted) | 33650611 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | Wire deposit into [redacted] Acct #[redacted]for $[redacted]on [redacted]. Per [redacted], this represents proceeds from sale of a property; however, no documentation was found in file. | Reviewer Comment (2025-02-03): Exception cleared - Final [redacted] has been provide. Buyer Comment (2025-01-31): Signed [redacted]uploaded. Reviewer Comment (2025-01-31): [redacted]provided is not signed. Buyer Comment (2025-01-22): [redacted]and note reflecting cash out proceeds from other property uploaded. |
02/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 345 | (redacted) | 33650616 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___ Disaster Declaration Date: ___ |
Reviewer Comment (2025-02-18): [redacted]provided after declaration date. exception cleared. Buyer Comment (2025-02-06): Re inspection |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 347 | (redacted) | 33650619 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Lender approved exception for loan amount less than allowable per guidelines. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Substantial cash reserves. DSCR on subject property >[redacted] Excellent credit management with FICO [redacted]+. |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-01-16): Lender exception with compensating factors. |
01/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MO | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 347 | (redacted) | 33650621 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | City on the appraisal and the Note do not match. | Reviewer Comment (2025-01-27): City is a suburb of redacted. Buyer Comment (2025-01-21): Response regarding city address uploaded. Addresses are one and the same. |
01/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| (redacted) | 348 | (redacted) | 33650623 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for borrower living rent free. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC Originator |
Reviewer Comment (2025-01-16): Lender Exception with Compensating Factors. |
01/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NE | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 349 | (redacted) | 33650624 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___ Disaster Declaration Date: ___ |
Disaster Name: WILDFIRES AND STRAIGHT-LINE WINDS Disaster Declaration Date: [redacted] |
Reviewer Comment (2025-01-31): Received property Inspection report. Exception cleared. Buyer Comment (2025-01-30): Disaster reinspection report uploaded. |
01/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 349 | (redacted) | 33650626 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Spousal Consent Form not provided | The Spousal Consent Form is missing from the loan file. | Reviewer Comment (2025-01-30): redacted is provided stating property will only be held by redacted as his sole and separate property. Exception cleared. Buyer Comment (2025-01-28): redacted uploaded. |
01/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 349 | (redacted) | 33650627 | Credit | Business Purpose | General | Business Purpose | Missing Document: Spousal Consent not provided. | - | The Spousal Consent Form is missing from the loan file. | Reviewer Comment (2025-01-30): redacted is provided stating property will only be held byredacted as his sole and separate property. Exception cleared. Buyer Comment (2025-01-28): redacted uploaded. |
01/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 350 | (redacted) | 33650628 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | The Borrowing Entity Article of Organization/Formation is missing from the loan file. | Reviewer Comment (2025-02-24): Employer identification number provided. Exception cleared. Buyer Comment (2025-02-21): Proof of [redacted] evidence borrower is sole member uploaded. Please note, articles of organization not required as redactedstates borrower is sole member. Reviewer Comment (2025-01-28): Exception Remains - Article of Organization/Formation is require. Provide the Article of Organization/Formation. Buyer Comment (2025-01-27): Please see image redactedpages redacted, Operating Agreement includes required information. Articles of Organization are only required if applicable. |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Investment | Refinance - Cash-out - Home Improvement | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 350 | (redacted) | 33650630 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Evidence of the Borrowing Entity's EIN is missing from the loan file. | Reviewer Comment (2025-02-24): Employer identification number provided. Exception cleared. Buyer Comment (2025-02-21): Proof of [redacted]and evidence borrower is sole member uploaded. |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Investment | Refinance - Cash-out - Home Improvement | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 350 | (redacted) | 33650631 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrowers who rent a primary residence and are purchasing a [redacted]-unit Single Family Residence must provide Evidence of an active lease in place or evidence of lease terms on an institutional VOR. | Miscellaneous The qualifying DSCR on the loan is greater than the guideline minimum. |
Total monthly payment savings of $[redacted] or more per month. The DSCR of [redacted] is greater than the minimum required DSCR of [redacted]. Mitigating Factors: Actual rental income/lease is higher than market rents used to qualify. DSCR increases from [redacted]. Two appraisals provided, using lower value. Paying off 1st and 2nd, payment dropping by $[redacted]/mo. Loan moving from Interest only to Principle and Interest payments. |
Originator SitusAMC,Originator |
Reviewer Comment (2025-04-11): The [redacted]of [redacted]is greater than the minimum required [redacted]of [redacted]. Mitigating Factors: Actual rental [redacted]/[redacted]is higher than market rents used to qualify. [redacted]increases from .[redacted]to [redacted]. Two appraisals provided, using lower value. Paying off [redacted]and [redacted], payment dropping by $[redacted]/mo. Loan moving from Interest only to Principle and Interest payments. Reviewer Comment (2025-04-10): Lender Exception with Compensating Factors. Buyer Comment (2025-04-08): Please note, the exception approval is for the borrower's missing [redacted]agreement for primary residence. [redacted]months payments made with zelle to the borrower's landlord is included with the file. The exception is not for a missing lease for the subject property. Please re-review or escalate to [redacted]. Reviewer Comment (2025-04-07): No compensating factors available to waive the condition. Lesser rental income of $[redacted]was used in the calculations due to missing evidenceof receipt of the higher amount on the lease for the [redacted] most recent, consecutive months is required. Buyer Comment (2025-04-02): Please note, borrower is saving over $[redacted]month and mitigating factors have been listed on exception approval. Please escalate for review. Reviewer Comment (2025-04-02): No valid compensating factors available to [redacted]/downgrade the condition. Buyer Comment (2025-03-31): Updated [redacted]approval uploaded. Reviewer Comment (2025-03-31): Incorrect exception comments on approval. There is not an exception for [redacted]. Buyer Comment (2025-03-26): Post Consummation Exception approval uploaded. Reviewer Comment (2025-02-03): [redacted] not provided with zelle payments. Buyer Comment (2025-01-27): Proof of monthly rents made. |
04/10/2025 | 2 | C | B | C | B | C | B | C | B | C | B | RI | Investment | Refinance - Cash-out - Home Improvement | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 351 | (redacted) | 33650634 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous Borrower's Experience/Track Record Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership experience (No FC or Short Sale). Borrower's Experience/Track Record. The borrower has: [redacted] Years of Experience. Low default risk with equity, LTV [redacted]% lower than matrix |
Originator,SitusAMC Originator SitusAMC Originator |
Reviewer Comment (2025-02-18): Lender Exception with Compensating Factors. Buyer Comment (2025-02-05): Post Consummation Exception for loan amount less than guideline minimum requirement. |
02/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 351 | (redacted) | 33650635 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Subject has Gross Living Area less than [redacted] sq ft and is ineligible. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous Borrower's Experience/Track Record |
Lender Exception with Compensating Factors. Prior homeownership experience (No FC or Short Sale). Borrower's Experience/Track Record. The borrower has: [redacted] Years of Experience. |
Originator,SitusAMC Originator SitusAMC |
Reviewer Comment (2025-01-22): Lender exception with compensating factors. |
01/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 351 | (redacted) | 33650637 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Non warrantable condo project does not meet allowances due to commercial concentration is over max permitted ([redacted]). | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous Borrower's Experience/Track Record |
Lender Exception with Compensating Factors. Prior homeownership experience (No FC or Short Sale). Borrower's Experience/Track Record. The borrower has: [redacted] Years of Experience. |
Originator,SitusAMC Originator SitusAMC |
Reviewer Comment (2025-01-22): [redacted] with compensating factors. |
01/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 352 | (redacted) | 33650638 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Lender approved exception for lack of reserves. | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC Originator |
Reviewer Comment (2025-01-23): Lender Exception with Compensating Factors. |
01/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||
| (redacted) | 352 | (redacted) | 33650640 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender approved exception allowing[redacted] exception. | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC Originator |
Reviewer Comment (2025-01-23): Lender Exception with Compensating Factors. |
01/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||
| (redacted) | 352 | (redacted) | 33650641 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Lender approved exception allowing [redacted]% [redacted]exception. | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC Originator |
Reviewer Comment (2025-01-23): Lender Exception with Compensating Factors. |
01/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||
| (redacted) | 352 | (redacted) | 33650642 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial business purpose certificate missing from file. | Reviewer Comment (2025-01-23): Located on [redacted]Tracking Summary. |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | D | A | MD | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 353 | (redacted) | 33650644 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Borrower's own funds percent discrepancy. | Calculated borrower's own funds of ___ is less than Guideline required borrower's own funds of ___. | Per guidelines, gift funds are allowed after the borrower has made the minimum required [redacted]% borrower contribution towards the down payment. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Excellent Credit Management with FICO [redacted]+ Prior homeownership Experience (No FC or SS) |
SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-02-03): Lender Exception with Compensating Factors. Buyer Comment (2025-01-28): Post-closing exception attached. |
02/03/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 354 | (redacted) | 33650646 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Most Recent Valuation Inspection Date: [redacted] Disaster End Date: [redacted] Disaster Name: [redacted] Disaster Declaration Date: [redacted] |
Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] | SitusAMC,Originator | Reviewer Comment (2025-01-17): Property inspected post disaster but pre-[redacted] declaration of disaster end date. |
01/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 355 | (redacted) | 33650648 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Tenant on subject property lease has the same last name as borrower. | Reviewer Comment (2025-02-27): Within guidelines, exception cleared. Buyer Comment (2025-02-21): Please note, possibility of tenant being related to borrower is not an issue or against guides. [redacted] also supports market rents. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Home Improvement | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 356 | (redacted) | 33650649 | Credit | Credit | Credit Documentation | Credit | There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan. | Per the appraisal provided, the property is currently tenant occupied. A copy of the lease agreement was not provided. | Reviewer Comment (2025-02-18): [redacted] provided for lack of lease on property and [redacted] reduced for unleased property per guideline requirement. Exception cleared. Buyer Comment (2025-02-11): Appraisal addendum supporting no lease agreement for subject property. No rental income used in qualifying, market rents supported with comparable rent schedule. Buyer Comment (2025-02-11): Signed [redacted] from borrower confirming no lease on subject property uploaded Buyer Comment (2025-02-11): Signed letter from borrower confirming no lease agreement for subject property uploaded |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 357 | (redacted) | 33650652 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Closing Protection Letter is missing in the file. | Reviewer Comment (2025-02-03): Closing Protection Letter is not required for [redacted]state. Exception cleared. Buyer Comment (2025-01-30): Please note, loan is a correspondent loan and [redacted] does not wire to title. CPL not required. |
02/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 357 | (redacted) | 33650653 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The loan file is missing the initial business purpose certification. | Reviewer Comment (2025-02-11): Document provided. Cleared. Buyer Comment (2025-01-31): [redacted] uploaded. |
02/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 358 | (redacted) | 33650655 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Rent loss insurance must be at least [redacted] months gross monthly rent. Evidence of Insurance does not specify or provide rent loss coverage details. | Reviewer Comment (2025-02-18): Policy details provided, exception cleared. Buyer Comment (2025-02-07): complete redactedpacket Buyer Comment (2025-02-07): rent loss coverage up to [redacted] months uploaded |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 358 | (redacted) | 33650656 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The loan file is missing the initial business purpose certification. | Reviewer Comment (2025-02-18): [redacted], exception cleared. Buyer Comment (2025-02-07): Initial business purpose [redacted] uploaded |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 359 | (redacted) | 33650658 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Personal not provided | Provide [redacted] months statements for account [redacted]. | Reviewer Comment (2025-04-21): Updated redactedprovided removing assets, exception cleared. Buyer Comment (2025-04-17): Please escalate, the revised redactedis not required to be signed. Reviewer Comment (2025-04-11): Provided [redacted] Dose not have borrower signed , Exception remains Buyer Comment (2025-04-10): redactedremoving assets. Cash out proceeds are being used for reserves. |
04/21/2025 | 1 | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| (redacted) | 359 | (redacted) | 33650659 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Personal not provided | Provide [redacted] months statements for account[redacted]. | Reviewer Comment (2025-04-21): Updated [redacted]provided removing assets, exception cleared. Buyer Comment (2025-04-17): Please escalate, the revised [redacted]is not required to be signed. Reviewer Comment (2025-04-11): Provided [redacted]Dose not have borrower signed , Exception remains Buyer Comment (2025-04-10): redactedremoving assets. Cash out proceeds are being used for reserves. |
04/21/2025 | 1 | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| (redacted) | 360 | (redacted) | 33650661 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Loan amount is <$[redacted]as required by guidelines. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Substantial cash reserves. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-28): Lender exception with compensating factors. |
01/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 361 | (redacted) | 33650663 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [redacted]Disaster Issue: The most recent valuation inspection is dated prior to the most recent [redacted] disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The most recent valuation inspection ([redacted]) is dated prior to the most recent FEMA disaster ([redacted]). | Reviewer Comment (2025-01-29): Appraisal effective date is after disaster declaration date and no damages reported from storm. |
01/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 362 | (redacted) | 33650667 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Guidelines require a minimum [redacted]FICO for living rent free. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Prior Homeownership Experience (No FC or Short Sale) | SitusAMC Originator |
Reviewer Comment (2025-03-17): Lender Exception with Compensating Factors provided. |
03/17/2025 | 2 | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | A | B | A | B | A | A | N/A | No | ||||||||||||||||
| (redacted) | 363 | (redacted) | 33650669 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | The loan file is missing documentation to verify the Borrower's ownership percentage in the business that the property was vested in at origination. | Reviewer Comment (2025-02-11): Operating Agreement provided. Buyer Comment (2025-01-31): Operating agreement uploaded. |
02/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ID | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 365 | (redacted) | 33650671 | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | Flood Certificate reflects address as Road vs Note reflects Drive. | Reviewer Comment (2025-03-11): Flood cert provided with corrected address. Buyer Comment (2025-03-07): corrected flood cert |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 365 | (redacted) | 33650673 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Appraisal reflects address as Road vs Note reflects Drive. | Reviewer Comment (2025-03-31): Documents received, system cleared. Buyer Comment (2025-03-27): Note Buyer Comment (2025-03-27): Note re-executed Reviewer Comment (2025-03-18): Please provide Note once it has been executed. Buyer Comment (2025-03-14): letter of intent to provide re-executed Note with address correction Reviewer Comment (2025-03-11): [redacted]in process of being re executed. Buyer Comment (2025-03-07): corrected note in process of getting re-executed Buyer Comment (2025-03-07): address corrected on [redacted] |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | |||||||||||||
| (redacted) | 365 | (redacted) | 33650674 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Required per guidelines, Initial Business Purpose Cert missing from file. | Reviewer Comment (2025-02-20): Initial Business Purpose Certificate is received. Exception cleared. Buyer Comment (2025-02-19): Initial business purpose disclosure uploaded |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 365 | (redacted) | 33650675 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Reviewer Comment (2025-04-02): Hazard insurance document provided. Exception cleared. Buyer Comment (2025-04-01): insurance policy Reviewer Comment (2025-03-31): [redacted] |
04/02/2025 | 1 | A | A | A | A | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||||||||
| (redacted) | 365 | (redacted) | 33650676 | Credit | System | General | System | AUS/Approval Subject Address does not match Note address. | Reviewer Comment (2025-04-03): Received Approval with correct address. Exception cleared. Buyer Comment (2025-04-02): [redacted] Reviewer Comment (2025-03-31): [redacted] |
04/03/2025 | 1 | A | A | A | A | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||||||||
| (redacted) | 366 | (redacted) | 33650677 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [redacted]Disaster Issue: The subject property is located in a [redacted]disaster that does not have a declared end date. | Disaster Name: WILDFIRES AND STRAIGHT-LINE WINDS Disaster Declaration Date: [redacted] |
Reviewer Comment (2025-03-04): PDI provided with no damage cited. Buyer Comment (2025-03-03): Attached, no damage |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 369 | (redacted) | 33650682 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender approved exception for [redacted]exceeding guidelines. | Miscellaneous Borrower has a clean housing payment history Borrower's Experience/Track Record The qualifying DSCR on the loan is greater than the guideline minimum. |
Prior Homeownership Experience (No FC or SS). Multiple mortgages ([redacted]) reported on credit seasoned [redacted]+ months & 0x30. Borrower's Experience/Track Record. The borrower has:[redacted] Years of Experience. The DSCR of [redacted] is greater than the minimum required DSCR of [redacted]. |
Originator Originator SitusAMC,Originator Originator,SitusAMC |
Reviewer Comment (2025-03-20): Lender exception with compensating factors. Buyer Comment (2025-03-18): ?? Reviewer Comment (2025-03-17): .. Reviewer Comment (2025-03-17): Lender exception with compensating factors. Buyer Comment (2025-03-13): Previous comment suggests exception should be cleared, but it was left open. Reviewer Comment (2025-03-13): Lender exception with compensating factors. Buyer Comment (2025-03-11): Removed reserves from comp factors and added new category A comp factor, please see attached. Reviewer Comment (2025-03-06): Please provide an additional month's bank statement for provided bank statements as [redacted]days seasoning is required per guidelines. Please provide ownership documentation for access to funds for [redacted]and [redacted]cleaning. Buyer Comment (2025-03-04): Cash-out was not the source of reserves for comp factor; see attached. Reviewer Comment (2025-02-13): Cash out cannot be considered as a Compensating Factor. Provide additional compelling compensating factors for consideration of downgrading/waiving exception. |
03/20/2025 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 369 | (redacted) | 33650683 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Lender approved exception for [redacted]exceeding guidelines. | Miscellaneous Borrower has a clean housing payment history Borrower's Experience/Track Record The qualifying DSCR on the loan is greater than the guideline minimum. |
Prior Homeownership Experience (No FC or SS). Multiple mortgages ([redacted]) reported on credit seasoned [redacted]+ months & 0x30. Borrower's Experience/Track Record. The borrower has:[redacted] Years of Experience. The DSCR of [redacted] is greater than the minimum required DSCR of [redacted]. |
Originator Originator SitusAMC,Originator Originator,SitusAMC |
Reviewer Comment (2025-03-20): Lender exception with compensating factors. Buyer Comment (2025-03-18): ?? Reviewer Comment (2025-03-17): .. Reviewer Comment (2025-03-13): Lender exception with compensating factors. Buyer Comment (2025-03-11): Please see [redacted] Reviewer Comment (2025-03-06): Please provide an additional month's bank statement for provided bank statements as [redacted]days seasoning is required per guidelines. Please provide ownership documentation for access to funds for A and D cleaning. Buyer Comment (2025-03-04): Please see [redacted]. Reviewer Comment (2025-02-13): Cash out cannot be considered as a [redacted] Provide additional compelling compensating factors for consideration of downgrading/waiving exception. |
03/20/2025 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 369 | (redacted) | 33650684 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Provided bank statements do not cover [redacted]days as required by guidelines and ownership of business that funds are being used for reserves is not provided ([redacted] Cleaning and Chateau Paradise). | Reviewer Comment (2025-03-19): Received Updated [redacted] showing only [redacted]month reserve which is cash out refinance amount, Exception cleared. Buyer Comment (2025-03-18): Attached. Reviewer Comment (2025-03-17): [redacted]reflect [redacted]months of reserves including multiple bank accounts that were not provided. Provide bank statements or update [redacted]without using the bank statement assets. Reviewer Comment (2025-03-17): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted]. Buyer Comment (2025-03-13): This is a cash-out loan, the cash-out and [redacted]are sufficient to meet reserves requirements. |
03/19/2025 | 1 | A | A | A | A | A | VA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||||||
| (redacted) | 371 | (redacted) | 33650691 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Borrower lives rent free and is a first time investor which is ineligible per guidelines. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous Miscellaneous |
Substantial cash reserves. Excellent credit management with FICO [redacted]+. Excellent credit management with FICO [redacted]. Conservative use of credit or minimal use of revolving credit. |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-02-27): Lender exception with compensating factors. Buyer Comment (2025-02-21): Post-closing underwriting exception uploaded |
02/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 372 | (redacted) | 33650693 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower's credit history shows Notice of Default issued. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. |
Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-02-13): Lender Exception with Compensating Factors provided. |
02/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 374 | (redacted) | 33650697 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial Business Purpose Certificate missing from file. | Reviewer Comment (2025-02-20): Initial Business Purpose Certificate Provided. Exception cleared. Buyer Comment (2025-02-19): Initial business purpose disclosure uploaded |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | D | A | ME | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 374 | (redacted) | 33650698 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US [redacted] Status not provided | LOE In file states Borrowers are not US [redacted]s and the [redacted]reflects the Borrower are US [redacted]s. The loan file is missing verification of the Borrrowers' residency status. | Reviewer Comment (2025-03-05): Received Employment authorization card. Verified and updated details. Exception Cleared. Buyer Comment (2025-03-04): back side of ead cards Buyer Comment (2025-03-04): [redacted] |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ME | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 377 | (redacted) | 33650702 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for the Borrower having [redacted]financed properties with [redacted] Mortgage Service. The guidelines do not allow more than [redacted]financed properties with [redacted] Mortgage Service. The compensating factors are the Borrower prior homeownership experience and their low default risk with substantial equity. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Prior Homeownership Experience (No FC or SS). | SitusAMC Originator |
Reviewer Comment (2025-02-13): Lender Exception with Compensating Factors provided. |
02/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 378 | (redacted) | 33650704 | Credit | Borrower and Mortgage Eligibility | Credit Eligibility | Borrower and Mortgage Eligibility | Non-permanent Resident Aliens or Foreign Nationals are considered on a case by case basis. Confirm residency requirements with Investor Guidelines. | - | Visa provided in file expired [redacted]; no updated documentation in file. | Reviewer Comment (2025-02-28): Tax preparer letter provided reflecting most recent returns have been filed. Buyer Comment (2025-02-21): Current ID Buyer Comment (2025-02-21): CPA letter stating taxes filed Buyer Comment (2025-02-21): Proof of previous filing Buyer Comment (2025-02-21): ITIN [redacted]form uploaded |
02/28/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| (redacted) | 378 | (redacted) | 33650705 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for unverifiable housing history. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors provided. Excellent Credit Management with FICO [redacted] |
Originator,SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-02-27): Lender Exception with Compensating Factors. Buyer Comment (2025-02-21): UW exception for unverifiable housing |
02/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 381 | (redacted) | 33650710 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for [redacted] financed properties. The guidelines allow a maximum of [redacted] financed properties. The compensating factors is the prior homeownership experience and the equity and the LTV being [redacted]% lower than minimum required. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-02-13): Lender Exception with Compensating Factors. |
02/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 381 | (redacted) | 33650711 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for the subject property being on [redacted]acres. The guidelines have a maximum acreage allowed of [redacted][redacted]. The compensating factors is the prior homeownership experience and the equity and the LTV being [redacted]% lower than minimum required. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-02-13): Lender Exception with Compensating Factors. |
02/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 384 | (redacted) | 33650715 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-03-04): Final title provided. |
03/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||||
| (redacted) | 384 | (redacted) | 33650716 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender approved exception for [redacted]exceeding guideline maximum. Compensating factor: Substantial Cash Reserves. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Lender Exception with Compensating Factors. | Originator,SitusAMC | Reviewer Comment (2025-02-13): Lender Exception with Compensating Factors. |
02/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 384 | (redacted) | 33650717 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Lender approved exception for [redacted]exceeding guideline maximum. Compensating factor: Substantial Cash Reserves. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Lender Exception with Compensating Factors. | Originator,SitusAMC | Reviewer Comment (2025-02-13): Lender Exception with Compensating Factors. |
02/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 384 | (redacted) | 33650718 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title Error: Title vesting does not concur with deed | Title is vested in Entity; Note/Deed reflect and individual. Final Title Policy missing from file to verify vesting. | Reviewer Comment (2025-03-04): Final title with individual vesting provided. Buyer Comment (2025-02-27): final title policy in borrower's name |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 387 | (redacted) | 33650722 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for the subject property having an acreage total of [redacted]. The guidelines have a maximum acreage total of [redacted]. The compensating factor is the Borrower's prior homeownership experience. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Prior homeownership Experience (No FC or SS) | SitusAMC SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-02-13): Lender Exception with Compensating Factors. |
02/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Home Improvement | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 387 | (redacted) | 33650723 | Credit | Loan Eligibility | Guideline Issue | Loan Eligibility | Credit history reflects lates that do not meet guidelines. | - Credit history reflects a total of ___ reported late payments. | Lender approved exception for [redacted]for consumer credit trades. The guidelines have a maximum of [redacted]on consumer credit trades. The compensating factor is the Borrower prior homeownership experience. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Prior homeownership Experience (No FC or SS) | SitusAMC SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-02-13): Lender Exception with Compensating Factors. |
02/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Home Improvement | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 389 | (redacted) | 33650727 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Guidelines allow a maximum of 5 financed properties for borrower; borrower has 14 financed properties. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous |
Documented Investor/Landlord history > [redacted] years Low default risk with substantial equity, LTV [redacted]% lower than matrix. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-02-20): Lender exception with compensating factors. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 389 | (redacted) | 33650729 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title Error: Title vesting does not concur with deed | The subject property was vested in a corporation at origination. The loan file does not contain documentation reflecting borrower's ownership in the entity nor a Deed in file reflecting ownership transfer to Borrower. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Documented Investor/Landlord history > [redacted] years Low default risk with substantial equity, LTV [redacted]% lower than matrix. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator SitusAMC |
Reviewer Comment (2025-02-27): Lender exception for Borrower onto having [redacted]% ownership in entity that property was deeded to at origination. Buyer Comment (2025-02-25): [redacted] approval of ownership interest in business Buyer Comment (2025-02-25): ownership interest |
02/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 393 | (redacted) | 33650733 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Instructions not provided | Closing Instructions is missing | Reviewer Comment (2025-02-27): Received Closing Instructions. Exception Cleared. Buyer Comment (2025-02-25): Instructions to closing agent Buyer Comment (2025-02-25): supplemental closing instructions Buyer Comment (2025-02-25): Instructions to escrow and title Buyer Comment (2025-02-25): Supp closing instructions warehouse accts |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 394 | (redacted) | 33650735 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Instructions not provided | Reviewer Comment (2025-02-27): Received Closing Instructions. Exception Cleared. Buyer Comment (2025-02-25): supplemental instructions warehouse accts Buyer Comment (2025-02-25): supplemental instructions electronic payments Buyer Comment (2025-02-25): insturctions to escrow |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 398 | (redacted) | 33650743 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The subject loan paid off lien that was past maturity date. Guidelines require mortgage to be current at time of close. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Substantial cash reserves. Low default risk with equity, LTV [redacted]% lower than matrix. Prior homeownership experience (No FC or Short Sale). |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-02-18): Lender exception with compensating factors. |
02/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | HI | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 398 | (redacted) | 33650744 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Mortgage was [redacted] in the last [redacted]months. Guidelines mortgage not to exceed [redacted]in the last [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Substantial cash reserves. Low default risk with equity, LTV [redacted]% lower than matrix. Prior homeownership experience (No FC or Short Sale). |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-02-18): Lender exception with compensating factors. |
02/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | HI | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 398 | (redacted) | 33650745 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [redacted]review and approval of property required for property values >$[redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Substantial cash reserves. Low default risk with equity, LTV [redacted]% lower than matrix. Prior homeownership experience (No FC or Short Sale). |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-02-18): Lender exception with compensating factors. |
02/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | HI | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 400 | (redacted) | 33650748 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | - | The Red-Flagged issues listed on the Fraud report are not cleared. | Reviewer Comment (2025-03-04): Fraud report items addressed. Buyer Comment (2025-02-27): clear fraud report |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 405 | (redacted) | 33650755 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower is living rent free and a first time investor. Guidelines require verification of primary housing for all first time investors. | Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Excellent credit management with FICO [redacted]+. Substantial cash reserves. |
SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-02-18): Lender exception with compensating factors. |
02/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 406 | (redacted) | 33650758 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lease for subject property exceeds max term allowed (Guidelines allow for a max term of [redacted] years, actual term is 5 years) | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous Miscellaneous |
Excellent Credit Management with FICO [redacted]+ Prior Homeownership Experience (No FC or Short Sale) Conservative use of credit or minimal use of revolving credit |
SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. |
06/10/2025 | 2 | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | A | B | A | B | A | A | N/A | No | ||||||||||||||||
| (redacted) | 408 | (redacted) | 33650761 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Borrower has [redacted]financed properties when the max allowable per guidelines is [redacted]. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Low default risk with equity, LTV [redacted]% lower than matrix. Prior homeownership experience (No FC or Short Sale) |
SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-02-21): Lender exception with compensating factors. |
02/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 408 | (redacted) | 33650762 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The loan file does not contain documentation that reflects the borrower's ownership in the business entity that the subject property was vested in at time of origination. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Low default risk with equity, LTV [redacted]% lower than matrix. Prior homeownership experience (No FC or Short Sale) |
SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-02-28): Lender exception with compensating factors. Buyer Comment (2025-02-25): [redacted] approval of borrower's ownership interest in business entity Buyer Comment (2025-02-25): borrower interest in business |
02/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 411 | (redacted) | 33650766 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Additional owner listed on title at origination. Deed not in file reflecting ownership transfer to borrower. | Reviewer Comment (2025-03-08): Quitclaim deed provided Buyer Comment (2025-03-05): quit claim deed uploaded |
03/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 413 | (redacted) | 33650769 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [redacted]. Provide updated policy reflecting minimum coverage of [redacted] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-03-14): Received replacement cost estimator document. Verified and updated details. Exception Cleared. Buyer Comment (2025-03-12): please see replacement cost estimator for hazard policy coverage |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 413 | (redacted) | 33650770 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for the Borrower electing for a [redacted]-year Prepayment Penalty. The compensating factors are reserve amount, prior homeownership experience and [redacted]over [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC,Originator SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-03-02): Lender Exception with Compensating Factors. |
03/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 413 | (redacted) | 33650771 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for the investor advantage purchase of property superior to current primary residence. The compensating factors are reserve amount, prior homeownership experience and FICO over [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC,Originator SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-03-02): Lender Exception with Compensating Factors. |
03/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 413 | (redacted) | 33650772 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Verified reserves of [redacted] is less than the required [redacted]months per guidelines. | Reviewer Comment (2025-05-13): Corrected [redacted] acct balance per most recent banks statement. Buyer Comment (2025-05-12): please update value of [redacted] balance based on statement in loan file [redacted]dated [redacted] closing balance [redacted]balance for reserves |
05/13/2025 | 1 | A | A | A | A | A | FL | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||||||||
| (redacted) | 414 | (redacted) | 33650775 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender Exception requested for LTV exceeding maximum allowed (capped at [redacted] for first time investor with DSCR [redacted]) | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-03-03): Lender Exception with Compensating Factors. |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 414 | (redacted) | 33650776 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Lender Exception requested for LTV exceeding maximum allowed (capped at [redacted]% for first time investor with DSCR < [redacted]) | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-03-03): Lender Exception with Compensating Factors. |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 417 | (redacted) | 33650780 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for use of Durable [redacted]. The compensating factors are the prior homeownership experience and FICO over [redacted]. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-03-03): Lender Exception with Compensating Factors. |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 417 | (redacted) | 33650781 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for use of POA on a Cash-Out refinance transaction. The compensating factors are the prior homeownership experience and FICO over [redacted]. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-03-03): Lender Exception with Compensating Factors. |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 419 | (redacted) | 33650784 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Title Preliminary not provided | Title Commitment in file is not complete. | Reviewer Comment (2025-03-17): Title commitment document provided. Exception cleared. Buyer Comment (2025-03-14): Attached. |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Debt Consolidation | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 419 | (redacted) | 33650785 | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing | Title Commitment in file is incomplete. | Reviewer Comment (2025-03-17): Title commitment document provided. Exception cleared. Buyer Comment (2025-03-14): Attached to [redacted] |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Debt Consolidation | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 419 | (redacted) | 33650786 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Title Commitment in file is incomplete. | Reviewer Comment (2025-03-17): Title commitment document provided. Exception cleared. Buyer Comment (2025-03-14): Attached to [redacted] |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Debt Consolidation | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 419 | (redacted) | 33650787 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Verification of all monthly taxes on subject property. Tax certificate in file is not adding up to estimate taxes, insurance and assessments on final [redacted]. | Reviewer Comment (2025-03-19): Tax information verified. Cleared. Buyer Comment (2025-03-17): Updated [redacted]attached with corrected escrow. Error was in property taxes. [redacted] |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Debt Consolidation | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 420 | (redacted) | 33650790 | Credit | Missing Document | General | Missing Document | Missing Document: Vacation Rental Website Listing not provided | The rental listing was not located within the loan file. | Reviewer Comment (2025-03-18): Vacation Rental Website Listing not require , Exception cleared Buyer Comment (2025-03-14): This does not appear to be a guideline requirement. The [redacted]earnings report is located on page [redacted] satisfying the [redacted]month history of rents requirement. |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 420 | (redacted) | 33650791 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | DSCR of [redacted]does not meet requirement of [redacted]for an LTV of [redacted]%. | Reviewer Comment (2025-03-18): Updated short term rental amount. Buyer Comment (2025-03-14): AMC is utilizing the appraiser's rental estimate based on the long-term rental comparables. The appraiser included significant commentary explaining why these comparables are not representative of the actual rental value of the subject property, because the subject property is a short-term rental. This commentary can be found on pages [redacted] of the appraisal. The DSCR is [redacted] |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 421 | (redacted) | 33650795 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | 06/10/2025 | 1 | A | A | A | A | A | TX | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | Yes | |||||||||||||||||||||
| (redacted) | 421 | (redacted) | 33650796 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Rider - Other not provided | 06/10/2025 | 1 | A | A | A | A | A | TX | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | |||||||||||||||||||||
| (redacted) | 424 | (redacted) | 33650802 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | The loan file does not document the borrower's ownership in the business that funds were used for closing/reserves. | Reviewer Comment (2025-03-12): Evidence of Access to Funds provided for [redacted] with [redacted]% ownership. Exception cleared. Buyer Comment (2025-03-11): Operating Agreement for [redacted]Home Remodeling attached, confirms borrower is the sole owner. |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 425 | (redacted) | 33650804 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower's employment authorization reflects category [redacted]which is not eligible per guidelines. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Excellent credit management with FICO [redacted]+. Prior homeownership experience (No FC or Short Sale) |
SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-03-03): Lender exception with compensating factors. |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 425 | (redacted) | 33650805 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Subject is a [redacted]and there is a [redacted]Rider; however, [redacted]Rider is not marked on the Security Instrument. | Reviewer Comment (2025-03-07): Updated SI provided. Buyer Comment (2025-03-05): Please see final [redacted]attached. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 426 | (redacted) | 33650806 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | The [redacted]Addendum Prepayment is missing from the loan file. | Reviewer Comment (2025-03-07): Note Addendum - Prepayment document provided. Exception cleared. Buyer Comment (2025-03-05): PP addendum uploaded. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | Yes | ||||||||||||||
| (redacted) | 427 | (redacted) | 33650810 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The loan file does not document the Borrower's ownership percentage in the entity that the subject property was vested in at origination. | Reviewer Comment (2025-03-14): Ownership documentation provided, exception cleared. Buyer Comment (2025-03-12): subject was vested in [redacted]. See evidence borrower is registered agent individual, manager and owner. Borrower was fully vested in [redacted]at time of origination |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WI | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 428 | (redacted) | 33650811 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | Cash-Out Utilization is missing in the file | Reviewer Comment (2025-03-10): Received Cash-Out Utilization letter. Verified and updated details. Exception Cleared. Buyer Comment (2025-03-10): cash-out letter |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 429 | (redacted) | 33650813 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Multiple financed properties with [redacted], the subject would be the 6th loan financed with [redacted] The Guidelines do not allow more than [redacted]financed properties with [redacted]. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Excellent credit management with FICO [redacted]+. Prior homeownership experience (No FC or Short Sale). Low default risk with equity, LTV [redacted]% lower than matrix |
SitusAMC SitusAMC Originator,SitusAMC Originator SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. Reviewer Comment (2025-03-06): Lender exception with compensating factors. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 430 | (redacted) | 33650814 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | A current Certificate of Good Standing for the Borrowing Entity is missing form the loan file. | Reviewer Comment (2025-03-13): [redacted] for the Borrowing Entity is provided and associated. Exception cleared. Buyer Comment (2025-03-12): certificate of good standing uploaded |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 432 | (redacted) | 33650818 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title reflects coverage of $ [redacted], however the loan amount if [redacted] | Reviewer Comment (2025-03-13): Title provided with correct coverage, exception cleared. Buyer Comment (2025-03-11): title policy with insured amount corrected |
03/13/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MO | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 432 | (redacted) | 33650819 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | The loan file does not document the Borrower's ownership percentage in the business that funds were used for closing/reserves. | Reviewer Comment (2025-04-03): CPA letter confirming borrower's ownership is received. Exception cleared. Buyer Comment (2025-04-02): cpa letter confirming borrower's interest in business uploaded |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 440 | (redacted) | 33650829 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | The Living Rent Free letter for Borrower is missing from the loan file. | Reviewer Comment (2025-03-19): Living rent free letter received and associated. Exception cleared. Buyer Comment (2025-03-19): rent free loe |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 440 | (redacted) | 33650830 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Borrower is a [redacted]time investor and is living rent free which is ineligible per guidelines. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Lender Exception with Compensating Factors. | Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-03-31): Lender Exception with Compensating Factors. Buyer Comment (2025-03-25): Post-consummate approval of living rent-free with no investor history uploaded Reviewer Comment (2025-03-21): The same guidelines also states must not be a first-time investor and application and credit report does not indicate any previous investment properties. Buyer Comment (2025-03-19): rent free guideline for living with party not a spouse and fico score a minimum of [redacted](borrower's score is [redacted]) |
03/31/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||
| (redacted) | 441 | (redacted) | 33650832 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Missing documentation from lender/seller confirming the condo is warrantable. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrower has owned the subject property for at least [redacted] years. Miscellaneous |
Reserves: [redacted] Guideline Requirement: [redacted] Prior Homeownership Experience (No FC or Short Sale) |
SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. Reviewer Comment (2025-04-02): Client elects to waive with compensating factors. Buyer Comment (2025-03-31): [redacted] approval of condo |
04/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CT | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 442 | (redacted) | 33650834 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Allow [redacted]Financed Properties (Guidelines allow a max of [redacted]financed properties for a borrower) Subject Property Exceeds [redacted] Allowed Acreage ([redacted] acreage per guidelines is [redacted]actual acreage is [redacted]) Allow Cash Out with borrower having [redacted]% Ownership in the [redacted]property is currently vested in (Guidelines require a minimum of [redacted]Ownership for a C/O Refi when currently vested in [redacted]) |
Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Low default risk with substantial equity, LTV [redacted]% lower than matrix Excellent Credit Management with FICO [redacted]+ Prior Homeownership Experience (No FC or Short Sale) |
SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. |
06/10/2025 | 2 | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | A | B | A | B | A | A | N/A | No | ||||||||||||||||
| (redacted) | 443 | (redacted) | 33650836 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2025-04-09): Invoices provided. Cleared. Reviewer Comment (2025-04-09): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted]. Reviewer Comment (2025-04-09): Please load appraisal invoices. Buyer Comment (2025-04-09): cd at closing, emd check cleared acct, appraisal paid invoices, bank statements with funds to close reuploaded to support reserves verified at closing Reviewer Comment (2025-04-08): Verified assets on file amount to [redacted], Required cash from is [redacted]leaving [redacted] insufficient for reserves. Shortfalll of [redacted] Buyer Comment (2025-04-03): Verified assets [redacted] cash to close = [redacted]reserves Reviewer Comment (2025-04-02): Calculated reserves are [redacted]and required reserves are [redacted]There is shortfall of [redacted] Please provide additional funds to meet reserve requirement. Exception remains. Buyer Comment (2025-04-01): please clarify why loan asset summary does not match most recent transaction statements provided. Once balances are updated, reserves will be supported Reviewer Comment (2025-04-01): Received same document again, please provide additional funds to meet reserve requirement, Exception remains. Buyer Comment (2025-03-31): transaction statements for wf accts [redacted]and [redacted]supporting updated balances |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 443 | (redacted) | 33650838 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower is making payments to an interested party, guidelines require twelve ( [redacted]) months of cancelled checks or bank statements which are missing in file. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Excellent Credit Management with FICO [redacted]+ | Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-04-10): Update to CF. Reviewer Comment (2025-04-01): Client elects to waive with compensating factors. Buyer Comment (2025-03-28): [redacted] approval of missing rent checks to interested [redacted]party |
04/01/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 444 | (redacted) | 33650840 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Allow [redacted]Financed Properties (Guidelines allow a max of [redacted]financed properties for a borrower) Allow Cash Out with borrower having [redacted]% Ownership in the [redacted]property is currently vested in (Guidelines require a minimum of [redacted]Ownership for a C/O Refi when currently vested in [redacted]) |
Borrower has owned the subject property for at least [redacted] years. Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Low default risk with equity, LTV [redacted]% lower than matrix Excellent Credit Management with FICO [redacted]+ Category B: Prior Homeownership Experience (No FC or Short Sale) |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. |
06/10/2025 | 2 | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | A | B | A | B | A | A | N/A | No | ||||||||||||||||
| (redacted) | 445 | (redacted) | 33650842 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Allow [redacted]Financed Properties (Guidelines allow a max of [redacted]financed properties for a borrower) Subject Property Exceeds Max Allowed Acreage (Max acreage per guidelines is [redacted], actual acreage is [redacted]) Allow Cash Out with borrower having [redacted]% Ownership in the [redacted]property is currently vested in (Guidelines require a minimum of [redacted]Ownership for a C/O Refi when currently vested in [redacted]) |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Low default risk with equity, LTV [redacted]% lower than matrix Excellent Credit Management with FICO [redacted]+ Category B: Prior Homeownership Experience (No FC or Short Sale) |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. |
06/10/2025 | 2 | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | A | B | A | B | A | A | N/A | No | ||||||||||||||||
| (redacted) | 446 | (redacted) | 33650845 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | [redacted] provided in file is missing Date issued, projected payments and loan calculations. | Reviewer Comment (2025-04-01): Provided. Buyer Comment (2025-03-28): final settlement statement uploaded |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 446 | (redacted) | 33650846 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Missing [redacted]for the borrowing entity. | Reviewer Comment (2025-04-01): Provided. Buyer Comment (2025-03-31): OFAC |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 447 | (redacted) | 33650848 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower was living rent-free from [redacted], letter from person providing the borrower's free housing does not disclose relationship to the borrower as required by guidelines. | Reviewer Comment (2025-04-08): Relationship added to rent free letter. Buyer Comment (2025-04-03): landlord relationship addressed |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 449 | (redacted) | 33650850 | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | Subject property city in flood certificate does not match with the note. | Reviewer Comment (2025-04-01): Cleared. Buyer Comment (2025-03-28): flood cert with subject city uploaded |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 449 | (redacted) | 33650852 | Credit | Credit | Credit Documentation | Credit | There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan. | The appraisal provided indicates the subject is currently leased; however, a copy of the [redacted]agreement was not provided. | Reviewer Comment (2025-04-09): Lease in file matches current rental amount on [redacted]. Reviewer Comment (2025-04-07): Lease uploaded reflects address as [redacted]Tracts[redacted],however, the title uploaded reflects [redacted] Buyer Comment (2025-04-02): reupload of lease agreement with title report, see plat map with tract number and street name which matches legal description on lease agreement Reviewer Comment (2025-04-02): Provided lease agreement address differs from the the subject property. Please provide subject property lease agreement. Exception remains. Buyer Comment (2025-04-01): please see legal description on lease, matches subject legal Reviewer Comment (2025-04-01): The address on the lease agreement differs from the subject property. Buyer Comment (2025-03-31): lease uploaded |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 450 | (redacted) | 33650854 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard insurance coverage [redacted]is insufficient. | Reviewer Comment (2025-03-31): Exception Cleared - Received Replacement cost estimator for insufficient coverage associated the same and data updated as per document. Buyer Comment (2025-03-28): Cost estimator uploaded |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 450 | (redacted) | 33650855 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Excellent Credit Management with FICO [redacted]+ Prior Homeownership Experience (No FC or Short Sale) |
SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. |
06/10/2025 | 2 | B | B | B | B | B | NY | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| (redacted) | 450 | (redacted) | 33650856 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Excellent Credit Management with FICO [redacted]+ Prior Homeownership Experience (No FC or Short Sale) |
SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. |
06/10/2025 | 2 | B | B | B | B | B | NY | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| (redacted) | 452 | (redacted) | 33650859 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower is a first-time investor with no housing expense, guidelines do not allow living rent-free for first-time investors. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Excellent Credit Management with FICO [redacted]+ Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. |
Originator,SitusAMC SitusAMC,Originator SitusAMC |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. Reviewer Comment (2025-04-01): Client elects to waive with compensating factors. Buyer Comment (2025-03-28): [redacted] approval of no housing expense for first time investor uploaded |
04/01/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 452 | (redacted) | 33650860 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Current lease has been in place [redacted](Guideline: Lease terms exceeding [redacted]years are not allowed) | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Excellent Credit Management with FICO [redacted]+ |
SitusAMC,Originator SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. |
06/10/2025 | 2 | B | B | B | B | B | TX | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| (redacted) | 453 | (redacted) | 33650862 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | "Primary Residence is not superior (Guidelines require a borrower's primary residence be superior to the subject property) Allow a property zoned Agricultural (Guidelines do not allow for [redacted])" |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors provided. DSCR on subject property >[redacted] Prior Homeownership Experience (No FC or Short Sale) |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. |
06/10/2025 | 2 | B | B | B | B | B | HI | Investment | Purchase | A | B | A | B | A | A | N/A | No | ||||||||||||||||
| (redacted) | 454 | (redacted) | 33650864 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower does not meet seasoning requirements for a housing event (Guidelines require [redacted]months, actual seasoning [redacted]months ) | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Substantial Cash Reserves Excellent Credit Management with FICO [redacted]+ Excellent Credit Management with FICO [redacted] Low default risk with equity, LTV [redacted]% lower than matrix |
Originator,SitusAMC SitusAMC SitusAMC Originator SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. |
06/10/2025 | 2 | B | B | B | B | B | TX | Investment | Purchase | A | B | A | B | A | A | N/A | No | ||||||||||||||||
| (redacted) | 455 | (redacted) | 33650867 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Missing OFAC for the borrowing entity. | Reviewer Comment (2025-04-08): Updated fraud report provided. Reviewer Comment (2025-04-04): Provided OFAC with company name [redacted], Require OFAC with company name[redacted] Exception remains . Buyer Comment (2025-04-03): reupload of original doc sent[redacted] as previously noted, line two [redacted] was ran under available role Applicant Attorney Company. Could not update Borrower associated business since that field was previously occupied. Reviewer Comment (2025-04-03): No new document received. Provided fraud report has business entity name as [redacted]which is not matching with borrower entity name. Exception remains. Buyer Comment (2025-04-02): please review upload, line two includes correct business name. Reviewer Comment (2025-04-01): Received fraud report reflects business entity name under [redacted]search as [redacted] which is mismatches with the borrowing entity name. Require [redacted]search document with correct business entity name. Exception Remains. Buyer Comment (2025-03-31): OFAC |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 457 | (redacted) | 33650869 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Spousal Consent Form not provided | [redacted]Consent Form is missing. | Reviewer Comment (2025-04-01): Received Warranty Deed. Exception Cleared. Buyer Comment (2025-03-31): grant deed |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 457 | (redacted) | 33650870 | Credit | Business Purpose | General | Business Purpose | Missing Document: Spousal Consent not provided. | - | [redacted]Consent Form is missing. | Reviewer Comment (2025-04-01): Received Warranty Deed. Exception Cleared. Buyer Comment (2025-03-31): grant deed |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| (redacted) | 458 | (redacted) | 33650873 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower exceeds maximum allowable of [redacted]financed properties. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects. Miscellaneous |
Low default risk with substantial equity, LTV [redacted]% lower than matrix Excellent Credit Management with FICO [redacted]+ Prior Homeownership Experience (No FC or Short Sale) |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. Reviewer Comment (2025-03-27): Client elects to waive with compensating factors. |
03/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 458 | (redacted) | 33650874 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Subject property exceeds maximum allowed acreage of [redacted], actual acreage is [redacted] | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects. Miscellaneous |
Low default risk with substantial equity, LTV [redacted]% lower than matrix Excellent Credit Management with FICO [redacted]+ Prior Homeownership Experience (No FC or Short Sale) |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. Reviewer Comment (2025-03-27): Client elects to waive with compensating factors. |
03/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| (redacted) | 458 | (redacted) | 33650876 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Allow Cash Out with borrower having [redacted]% Ownership in the [redacted]property is currently vested in (Guidelines require a minimum of [redacted]% Ownership for a C/O Refi when currently vested in [redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Seasoned Borrower/Investor whose experience exceeds [redacted] completed projects. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Low default risk with substantial equity, LTV [redacted]% lower than matrix Excellent Credit Management with FICO [redacted]+ Prior Homeownership Experience (No FC or Short Sale) |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. |
06/10/2025 | 2 | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||||
| (redacted) | 460 | (redacted) | 33650878 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | Verification of Identification is missing in the file | Reviewer Comment (2025-04-11): [redacted]act associated , Exception cleared Buyer Comment (2025-04-10): [redacted]Information Form uploaded |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 460 | (redacted) | 33650880 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Subject property is unleased, maximum [redacted] for a [redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. Borrower has a clean housing payment history |
Lender Exception with Compensating Factors. DSCR on subject property >[redacted] Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-04-15): Lender Exception with Compensating Factors. Buyer Comment (2025-04-11): PC Exception approval uploaded. |
04/15/2025 | 2 | C | B | C | B | C | B | C | B | C | B | OH | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 462 | (redacted) | 33650883 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Hazard insurance policy has an effective date of [redacted]and started after the loan closed on [redacted] | Reviewer Comment (2025-04-11): Received Hazard Insurance Policy Covering the Note Date. Exception cleared. Buyer Comment (2025-04-10): HOI Attached Buyer Comment (2025-04-09): The [redacted]is in effect from[redacted]to[redacted] due to this being a refinance, property shows continued coverage with same from[redacted] |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 463 | (redacted) | 33650887 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Missing [redacted]for the borrowing entity. | Reviewer Comment (2025-04-11): Cleared. Buyer Comment (2025-04-09): Updated OFAC attached |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 464 | (redacted) | 33650889 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | OFAC for business entity is missing. | Reviewer Comment (2025-04-11): Received OFAC for business entity. Verified and updated details. Exception Cleared. Buyer Comment (2025-04-09): OFAC showing no match, attached |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | D | A | OH | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 464 | (redacted) | 33650890 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing. | Reviewer Comment (2025-04-10): Certificate of Good Standing provided, Exception provided Buyer Comment (2025-04-09): Please refer to document number [redacted] in master loan file[redacted] |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 468 | (redacted) | 33650896 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The loan amount for the subject loan is > the documented amounts of borrower's initial investment purchasing the property plus financing of closing costs, prepaid fees and points on the new loan which is ineligible per guidelines for delayed financing. | Borrower's Experience/Track Record The qualifying DSCR on the loan is greater than the guideline minimum. Borrower has a clean housing payment history |
Borrower has investor/landlord history > [redacted] years. The DSCR of [redacted] is greater than the minimum required DSCR of [redacted]. Multiple mortgages ([redacted]) reported on credit seasoned [redacted] + months & 0x30. |
SitusAMC,Originator SitusAMC Originator |
Reviewer Comment (2025-04-30): .. Reviewer Comment (2025-04-30): Lender exception with compensating factors. Reviewer Comment (2025-04-29): Please provide additional compelling compensating factors for consideration of downgrading/waiving exception. Buyer Comment (2025-04-23): post-closing exception for cash out seasoning Reviewer Comment (2025-04-21): Guidelines do not state renovation costs can be including in delayed financing loan. Guidelines page [redacted]states "New loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan." Buyer Comment (2025-04-16): worksheet uploaded, see loan file doc [redacted] with this document and all receipts included in loan amount calculation |
04/30/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IN | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 469 | (redacted) | 33650898 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Installment account reflecting past due over [redacted]Guidelines do not permit any past due consumer account or late over [redacted] on credit report | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous Borrower's Experience/Track Record |
Substantial Cash Reserves Low default risk with equity, LTV [redacted]% lower than matrix Excellent Credit Management with FICO [redacted]+ Prior Homeownership Experience (No FC or Short Sale) Documented Investor/Landlord history > [redacted] years |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. |
06/10/2025 | 2 | B | B | B | B | B | FL | Investment | Purchase | A | B | A | B | A | A | N/A | No | ||||||||||||||||
| (redacted) | 472 | (redacted) | 33650903 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Borrower does not meet maximum [redacted]for a First-Time Investor with [redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Substantial cash reserves. | Originator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-14): Lender exception with compensating factors. |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MO | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 472 | (redacted) | 33650904 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Borrower does not meet maximum [redacted]for a First-Time Investor with [redacted] | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Substantial cash reserves. | Originator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-14): Lender exception with compensating factors. |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MO | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 476 | (redacted) | 33650909 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file is missing a Final Title Policy. | Reviewer Comment (2025-04-24): Final title provided. |
04/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 476 | (redacted) | 33650910 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of [redacted] is less than the note amount of [redacted]. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-04-24): Final title provided, exception cleared. Buyer Comment (2025-04-21): Updated title attached, see page[redacted] Reviewer Comment (2025-04-17): Exception is for title insurance coverage not hazard. Exception remains. Buyer Comment (2025-04-15): Policy shows [redacted]for dwelling protection |
04/24/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 477 | (redacted) | 33650912 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Guidelines require rent loss insurance for subject property equal to at least [redacted] months rents, however hazard insurance dec page does not reflect the required rent loss coverage. | Reviewer Comment (2022-10-10): Received Buyer Comment (2022-10-06): loss of rents in the amount of $[redacted]! It's listed under ENDORSEMENT NUMBER AND TITLE ATTACHED TO POLICY and it's name is [redacted][redacted] [redacted] FAIR RENTAL VALUE Reviewer Comment (2022-09-23): The endorsement needs to be defined to see if it meets guideline requirements. Buyer Comment (2022-09-19): Proof of rent loss Reviewer Comment (2022-09-16): Do not see rent loss on docs provided. Buyer Comment (2022-09-13): Rent Loss |
10/10/2022 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 477 | (redacted) | 33650913 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Guidelines require OFAC for all parties involved in the transaction to be screened through an exclusive list. Only the borrowers' OFAC are provided on the credit report. | Reviewer Comment (2022-09-16): Received Buyer Comment (2022-09-13): OFAC |
09/16/2022 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 477 | (redacted) | 33650914 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Lender exception approval allowed for subject loan to proceed without sufficiently verified reserves. Statements provided for the retirement account do not cover the most recent [redacted] day period. Noted compensating factors: Prior Homeownership experience, solid asset coverage and mortgage history. | Borrower has owned the subject property for at least [redacted] years. | SitusAMC | Reviewer Comment (2022-08-18): Lender exception is provided. |
08/18/2022 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| (redacted) | 478 | (redacted) | 33650916 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[redacted]. Provide updated policy reflecting minimum coverage of $[redacted]OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2022-09-22): Received Checklist of coverage reflecting replacement cost amount Buyer Comment (2022-09-15): Please attached for new policy on [redacted] HOI |
09/22/2022 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 479 | (redacted) | 33650917 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Instructions not provided | Reviewer Comment (2023-03-09): Exception cleared Buyer Comment (2023-03-06): Please see Closing Instructions attached |
03/09/2023 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 480 | (redacted) | 33650921 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | Reviewer Comment (2023-08-17): Received in trailing documents, cleared [redacted] Buyer Comment (2023-08-16): [redacted] uploaded. |
08/17/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| (redacted) | 480 | (redacted) | 33650922 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Rider - Other not provided | Prepayment Penalty Rider not provided. | Reviewer Comment (2023-08-17): Received in [redacted]ing documents, cleared[redacted] Buyer Comment (2023-08-16): Prepayment Penalty Rider uploaded. |
08/17/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 480 | (redacted) | 33650923 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per the guidelines, all refinance transactions require an executed lease with no less than 3 months remaining at time of close, however there is no lease in file for subject property. | Reviewer Comment (2023-08-17): Received in trailing documents, cleared [redacted] Buyer Comment (2023-08-16): Executed [redacted]agreement w/[redacted]months remaining uploaded. |
08/17/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 480 | (redacted) | 33650924 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Reviewer Comment (2023-11-14): Received Note Addendum - Prepayment. Uploaded and exception cleared. Buyer Comment (2023-11-09): PP addendum to note uploaded. |
11/14/2023 | 1 | A | A | A | A | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | Yes | ||||||||||||||||||||
| (redacted) | 481 | (redacted) | 33650926 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - [redacted] Family not provided | Title missing in the file. | Reviewer Comment (2023-10-10): Ride[redacted]Family document received and associated. Exception Cleared. Buyer Comment (2023-10-09): Deed with Riders |
10/10/2023 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 481 | (redacted) | 33650927 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | Verification of Identification missing in the file. | Reviewer Comment (2023-10-10): Patriot Act Customer Identification documents received and associated. Exception Cleared. Buyer Comment (2023-10-09): USA Patriot Act |
10/10/2023 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 481 | (redacted) | 33650928 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec [redacted] | Secondary valuation is missing | Reviewer Comment (2023-10-23): Fannie Mae property report provided, in that Collateral Underwriter score is [redacted]. Hence secondary valuation is not required in this loan. Exception Cleared. Buyer Comment (2023-10-18): Secondary valuation uploaded |
10/23/2023 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 481 | (redacted) | 33650929 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Reviewer Comment (2023-10-23): Title Final document has been received, data verified and updated. Exception Cleared. Buyer Comment (2023-10-18): Title report |
10/23/2023 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||
| (redacted) | 481 | (redacted) | 33650930 | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing | Title is missing in the file. | Reviewer Comment (2023-10-23): Title Final document has been received, data verified and updated. Exception Cleared. Buyer Comment (2023-10-18): title report |
10/23/2023 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | ||||||||||||||
| (redacted) | 481 | (redacted) | 33650931 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Prepay addendum to the note was not provided. | Reviewer Comment (2023-10-10): [redacted]addendum received and associated. Exception Cleared. Buyer Comment (2023-10-09): Note Addendum |
10/10/2023 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | Yes | ||||||||||||||
| (redacted) | 482 | (redacted) | 33650934 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of [redacted]xceeds Guideline loan to value percentage of [redacted] | Reviewer Comment (2024-02-12): Evidence of [redacted]months higher rent received. Buyer Comment (2024-02-05): Please review the attached rental owner statements as well as bank statements. These documents show evidence the borrower has received the higher rental rate of $[redacted]for at least three months. On [redacted] the borrower received deposits from [redacted], their property manager. Breakdowns for the payment amounts can be found on the rental owner statements attached, supporting that these deposits are in fact evidence of the $[redacted]rent being paid monthly even though the deposit amounts vary. Because the borrower provided evidence of receipt of the higher rental amount, the DSCR is over [redacted]and therefore the LTV is within guidelines. Reviewer Comment (2023-11-06): [redacted]state to use lesser of Lease or[redacted]is [redacted] resulting in a DSCR of .[redacted] Buyer Comment (2023-11-02): Please see an addendum to the Lease agreement attached on which the monthly rent is increased to [redacted] by PITIA [redacted] DSR Reviewer Comment (2023-11-02): As per [redacted] Product Matrix, if [redacted]is between[redacted] for Experienced Investor, Max LTV is [redacted]% and Subject DSCR Ratio is[redacted]Exception remains. Buyer Comment (2023-11-01): Per guidelines LTV for up to[redacted] is allowable with a FICO score for[redacted] Bwr's actual [redacted]. This file is a R/T program and not Cash Out.. Please see attached guidelines. |
02/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 482 | (redacted) | 33650936 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The subject property is located in a [redacted]disaster area. A post disaster inspection verifying there was no damage to the subject property is required. | Reviewer Comment (2023-11-03): Received updated property inspection report. Verified and update the details. Exception cleared. Buyer Comment (2023-11-01): Please see Re-Inspection report attached. |
11/03/2023 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 482 | (redacted) | 33650937 | Credit | Investment Product | General | Investment Product | REO property does not have a lease in place and required by guidelines. | - | Per guidelines for refinance transaction a executed lease with no less than [redacted]months remaining at time of closing is required. | Reviewer Comment (2023-11-03): Exception Cleared: Lease document received. Buyer Comment (2023-11-01): Please see month to month lease agreement attached. |
11/03/2023 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| (redacted) | 482 | (redacted) | 33650938 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of [redacted]xceeds Guideline combined loan to value percentage of [redacted] | Reviewer Comment (2024-02-12): Evidence of [redacted]months higher rent received. Buyer Comment (2024-02-05): Please review the attached rental owner statements as well as bank statements. These documents show evidence the borrower has received the higher rental rate of $[redacted]for at least three months. On [redacted] the borrower received deposits from [redacted] their property manager. Breakdowns for the payment amounts can be found on the rental owner statements attached, supporting that these deposits are in fact evidence of the $[redacted]rent being paid monthly even though the deposit amounts vary. Because the borrower provided evidence of receipt of the higher rental amount, the DSCR is over [redacted]and therefore the LTV is within guidelines. Reviewer Comment (2023-11-06): [redacted]state to use lesser of Lease or [redacted] is[redacted]/mo, resulting in a DSCR of [redacted] Buyer Comment (2023-11-02): Please see an addendum to the Lease agreement attached on which the monthly rent is increased to[redacted] / by PITIA [redacted] DSR Reviewer Comment (2023-11-02): As per [redacted] Product Matrix, if DSCR is between[redacted] for Experienced Investor, Max LTV is [redacted]% and Subject DSCR Ratio is [redacted] Exception remains. Buyer Comment (2023-11-01): Per guidelines LTV for up to[redacted] is allowable with a FICO score for [redacted]. Bwr's actual [redacted]This file is a R/T program and not Cash Out.. Please see attached guidelines. |
02/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 482 | (redacted) | 33650939 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Loan being paid off had matured in [redacted]Borrower in default of loan terms. | Borrower's Experience/Track Record Miscellaneous |
Prior homeownership Experience (No FC or SS) Conservative use of credit or minimal use of revolving Credit. |
Originator Originator |
Reviewer Comment (2024-02-04): Lender Exception with Compensating Factors. Buyer Comment (2024-01-23): Please see Non-Agency Loan Approval Summary attached. The file was approved for a UW exception due to Mortgage Currently in Default Reviewer Comment (2023-11-06): Credit event. Borrower in default of loan terms stating loan was due/matured in [redacted]. Buyer Comment (2023-11-01): Please see attached documents Includes [redacted]Loan Approval, [redacted]showing that delinquent Public Record had been paid at closing, Payoff statement showing the correct Balance for[redacted] |
02/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 483 | (redacted) | 33650941 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / [redacted] not provided | Transfer deed to borrower's name was not provided. | Reviewer Comment (2023-11-03): Deed transfer provided. Buyer Comment (2023-10-30): Deed transferring title to borrower uploaded |
11/03/2023 | 1 | D | A | D | A | D | A | D | A | D | A | PA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 483 | (redacted) | 33650942 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Guidelines require charged-off accounts less than [redacted]months old with a balance greater than [redacted]must be paid on full. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous Miscellaneous |
Documented Investor/Landlord History Greater Than [redacted] Years Prior Homeownership Not Resulting In Foreclosure or SS |
SitusAMC Originator Originator |
Reviewer Comment (2023-12-22): Exception Approval with Compensating Factors Buyer Comment (2023-12-19): [redacted] including charge off payment in ratios Buyer Comment (2023-12-19): cash back at closing of over[redacted]to be considered as a mitigating factor for transaction. Charge off remained on loan, balance is minimal and [redacted] payment included in ratios Buyer Comment (2023-12-19): UW exception allowing charge off to remain on title, payment included in ratios and cash back after closing sufficient to pay debt if needed Reviewer Comment (2023-12-04): Cash out cannot be used as a Comp Factor. Buyer Comment (2023-11-21): UW exception to allow charge-off account to remain on credit, not required to be paid off |
12/22/2023 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||
| (redacted) | 484 | (redacted) | 33650944 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Deed showing transfer to current borrower from vested title is required. | Reviewer Comment (2023-11-13): Deed associated. Exception Cleared Buyer Comment (2023-11-07): Transfer deed |
11/13/2023 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 485 | (redacted) | 33650946 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | A lender exception was provided however no compensating factors were listed. | Reviewer Comment (2024-01-04): Updated doc provided. Buyer Comment (2023-12-28): [redacted]approved [redacted]including [redacted]approval |
01/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| (redacted) | 485 | (redacted) | 33650947 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Charge off outstanding, not paid off at closing. | Miscellaneous | Prior homeownership Experience (No FC or SS) | Originator | Reviewer Comment (2024-01-04): Lender Exception with Compensating Factors. Buyer Comment (2023-12-28): Signed [redacted]and payoff demand for charge off uploaded |
01/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| (redacted) | 486 | (redacted) | 33650949 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | Approval, appraisal and [redacted]rent schedule in file reflect the subject property as tenant occupied. Please provide copy of the subject property lease agreement. | Reviewer Comment (2024-02-19): Document provide, exception cleared. Buyer Comment (2024-02-12): Please see the Lease agreement attached. |
02/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 488 | (redacted) | 33650952 | Credit | Credit | Credit Eligibility | Credit | Borrower has active Tradelines which are less than the minimum required by guidelines. | - Active Tradelines: ___ | Missing credit report and unable to determine. | Reviewer Comment (2024-04-05): Credit report provided and tradelines requirement met. Buyer Comment (2024-04-03): Credit report uploaded. |
04/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||
| (redacted) | 488 | (redacted) | 33650953 | Credit | Business Purpose | General | Business Purpose | Open Tradeline requirement not met. | - | Missing credit report and unable to determine. | Reviewer Comment (2024-04-05): Documents received, system cleared. Buyer Comment (2024-04-03): Credit report uploaded. |
04/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||
| (redacted) | 488 | (redacted) | 33650954 | Credit | Credit | Credit Eligibility | Credit | Borrower has open Tradelines which are less than the minimum required by guidelines. | - | Missing credit report and unable to determine. | Reviewer Comment (2024-04-05): Documents received, system cleared. Buyer Comment (2024-04-03): Credit report uploaded. |
04/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||
| (redacted) | 488 | (redacted) | 33650955 | Credit | Credit | Credit Eligibility | Credit | Active Tradeline requirement not met. | - Borrower has ___ Active Tradelines which is less than the minimum required by guidelines. | Missing credit report and unable to determine. | Reviewer Comment (2024-04-05): Credit report provided and tradelines requirement met. Buyer Comment (2024-04-03): Credit report uploaded. |
04/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||
| (redacted) | 488 | (redacted) | 33650956 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Credit Report is not provided in the file. | Reviewer Comment (2024-04-04): Credit report has been provided and the same has been associated. Exception Cleared. Buyer Comment (2024-04-03): Credit report uploaded. |
04/04/2024 | 1 | D | A | D | A | D | A | D | A | D | A | MD | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 490 | (redacted) | 33650960 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | The loan file is missing the initial affidavit of non occupancy. | Reviewer Comment (2024-04-12): Affidavit provided, exception cleared. Buyer Comment (2024-04-10): Please see the initial [redacted]of Non Occupancy attached. |
04/12/2024 | 1 | C | A | C | A | C | A | C | A | D | A | IL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 492 | (redacted) | 33650963 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. | Minimum [redacted]is [redacted] and subject [redacted] | Borrower has owned the subject property for at least [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
LTV [redacted]% below guideline requirement. LTV is [redacted]% below guideline requirement. Prior homeownership experience not resulting in FC or Short Sale. |
SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2024-06-14): Lender exception with compensating factors. |
06/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| (redacted) | 494 | (redacted) | 33650966 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | Security Instrument - Subject Lien is missing. | Reviewer Comment (2024-06-28): Received Security Instrument. Exception Cleared. Buyer Comment (2024-06-27): Security instrument uploaded |
06/28/2024 | 1 | D | A | D | A | D | A | D | A | D | A | AR | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 496 | (redacted) | 33650969 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is missing in the file. | Reviewer Comment (2024-07-30): Fraud Report Provided , Exception Cleared Buyer Comment (2024-07-26): Fraud Report uploaded. |
07/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 496 | (redacted) | 33650972 | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | - | Please override as duplicate. | Reviewer Comment (2024-07-30): [redacted]provided Buyer Comment (2024-07-26): [redacted]uploaded. |
07/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||
| (redacted) | 496 | (redacted) | 33650973 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial Business Purpose is missing from the loan file. | Reviewer Comment (2024-07-30): Document provided , Exception Cleared Buyer Comment (2024-07-26): Initial disclosure uploaded. |
07/30/2024 | 1 | C | A | C | A | C | A | C | A | D | A | PA | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 496 | (redacted) | 33650974 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Max LTV for a short term rental is [redacted]subject loan is [redacted] | Reviewer Comment (2024-07-30): [redacted]is the Max Guideline LTV and FICO used from Guideline is [redacted], Exception cleared Buyer Comment (2024-07-26): Borrower is an experienced investor with a FICO of [redacted]. LTV/CLTV max guidelines is[redacted] |
07/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 496 | (redacted) | 33650975 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Max LTV for a short term rental is [redacted]subject loan is [redacted] | Reviewer Comment (2024-07-30): [redacted]% is the Max Guideline LTV and FICO used from Guideline is [redacted], Exception cleared Buyer Comment (2024-07-26): Borrower is an experienced investor with a FICO of [redacted] LTV/CLTV max guidelines is[redacted] |
07/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 496 | (redacted) | 33650976 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Comparable rent schedule reflects lower monthly rental amount of $ [redacted]subject is as short term rental. | Reviewer Comment (2024-08-06): Rent is per night and vacation rental in file , Exception cleared Buyer Comment (2024-08-02): Please refer to [redacted], "Comments on market date" reflect "Rents range from $[redacted] per night" Reviewer Comment (2024-07-29): As per the comparable rent schedule the estimated monthly market rent for subject is $[redacted], it does not specify per night. Exception Remains. Buyer Comment (2024-07-26): Please note, the appraisal references [redacted]/night not a month. |
08/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 497 | (redacted) | 33650979 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form [redacted] was not provided. | Reviewer Comment (2024-08-21): Appraisal dated [redacted] and used to determine LTV was completed as is. [redacted] appraisal was inspected by appraiser on [redacted] while the other appraisal completed subject to was inspectued by the appraiser on[redacted] . No additional [redacted] required as later inspected appraisal was completed as is. Buyer Comment (2024-08-14): A [redacted] is not required this is a new build and we have a certificate of occupancy, which would not have been issued if there were repairs to be made Reviewer Comment (2024-07-29): As per the appraisal dated [redacted] the appraisal is made subject to with the value of $[redacted] and as per the appraisal dated [redacted] the appraisal is made as is with declined value of $[redacted] . We require Form [redacted] to know if there were any repairs done on the property. Exception Remains. Buyer Comment (2024-07-26): Please see [redacted]appraisal attached showing that the appraisal "as is" This appraisal is dated [redacted] and reflects the correct appraisal value too. |
08/21/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | A | A | C | A | N/A | No | |||||||||||||||
| (redacted) | 498 | (redacted) | 33650981 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud report in file reflects alerts that have not been cleared. | Reviewer Comment (2024-07-30): Fraud Report Provided , Exception Cleared Buyer Comment (2024-07-26): Could you please kindly review the original binder one more time? According to the Binder the Fraud report was included please see pages # [redacted] through [redacted] . Also, I attached the same Fraud report |
07/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 498 | (redacted) | 33650982 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial Business Purpose is missing from the loan file. | Reviewer Comment (2024-07-29): Received initial business purpose document, Exception cleared. Buyer Comment (2024-07-26): Please disregard the previous document uploaded. see the initial & final Business Purpose documents Buyer Comment (2024-07-26): Could you please kindly review the original binder one more time? According to the Binder the Fraud report was included please see pages # [redacted] through [redacted] . Also, I attached the same Fraud report |
07/29/2024 | 1 | C | A | C | A | C | A | C | A | D | A | NJ | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| (redacted) | 499 | (redacted) | 33650988 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | No valid [redacted]. or cure for borrower provided for fee increase on CD dated [redacted] | Reviewer Comment (2022-09-15): [redacted]received COC dated[redacted] for increase in fee. Buyer Comment (2022-09-14): Please see attached for COC letter explaining why increased discount point percentage. |
09/15/2022 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Home Improvement | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 499 | (redacted) | 33650989 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Bank statements showing [Redacted] months PITI not provided in file. Per final [redacted]a lender exception was granted to use cash out for reserves even though qualifying credit score was not [Redacted] as required per guidelines. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrower has owned the subject property for at least [Redacted] years. Borrower has verified disposable income of at least $[Redacted] Borrower has worked in the same position for more than [Redacted] years. The refinance has decreased the borrower's monthly debt payments by [Redacted]% or more. |
fico exceeds by [Redacted] points Lender provided exception. |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2023-06-05): Prior Homeownership Experience (No FC or Short Sale). Reviewer Comment (2023-04-26): Compensating factors used to waive exception. Reviewer Comment (2023-04-26): Updates requested. Reviewer Comment (2022-09-06): A lender exception was granted for this guideline exception. |
04/26/2023 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Home Improvement | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 500 | (redacted) | 33650994 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Insufficient tradelines and borrower short on reserves. Lender provided comp factors for approval on exceptions | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has owned the subject property for at least [Redacted] years. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
Lender provided comp factors | SitusAMC,Originator SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2023-04-27): Compensating factor: Prior Homeownership Experience (No FC or Short Sale) Reviewer Comment (2022-09-14): Waive per clients guidance. Reviewer Comment (2022-09-14): Lender provided comp factors and re grade request |
09/14/2022 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 501 | (redacted) | 33650996 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of[Redacted]exceeds tolerance of [Redacted] plus 1[Redacted]or [Redacted] Sufficient or excess cure was provided to the borrower at Closing. | Provide Valid Change of Circumstance with evidence to support change or cure to the borrower with a PC CD and evidence it sent to the borrower with an explanation of changes. Loan file contains Change of Circumstance form, however there is no evidence to support the actual change (ex. rate lock, extension, title with individuals removed/added, program change). | Reviewer Comment (2022-10-17): Sufficient Cure Provided At Closing |
10/17/2022 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | B | A | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 501 | (redacted) | 33650998 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Reviewer Comment (2023-06-23): Letter from student loan holder and updated credit report does not reflect any collections. Reviewer Comment (2023-06-23): all accounts brought current Buyer Comment (2022-11-07): non material |
06/23/2023 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | B | B | B | B | A | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 501 | (redacted) | 33650999 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Guidelines require [Redacted] months PITI, or a [Redacted] score to use cash out as reserves. Lender Exception provided. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least [Redacted] Borrower has worked in the same position for more than[Redacted]years. |
Lender Exception with Comp Factors provided for regrade and waive. Lender Exception with Comp Factors provided for regrade and waive. |
Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2023-06-23): Lender exception provided. Reviewer Comment (2023-06-23): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Calculated PITIA months reserves o[redacted] is less than Guideline PITIA months reserves of [redacted] Reviewer Comment (2022-10-20): Lender Exception with Comp Factors provided for regrade and waive. |
06/23/2023 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | B | B | B | B | A | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 501 | (redacted) | 33651000 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | Lender approved exception. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least [Redacted] Borrower has worked in the same position for more than[Redacted]years. |
Lender Exception with Comp Factors provided for regrade and waive. Lender Exception with Comp Factors provided for regrade and waive. |
Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2023-04-28): Lender waived with CF: Residual income greater than[redacted], [redacted] Years on job |
04/28/2023 | 2 | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | B | B | B | B | A | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 501 | (redacted) | 33651001 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - [redacted]Risk | Ability to Repay (Dodd-Frank [redacted]):[Redacted] of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Failure due to excessive debt ratio over maximum allowed. | Reviewer Comment (2023-06-06): Loan is Non-QM |
06/06/2023 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | B | B | B | B | A | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 501 | (redacted) | 33651002 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at [redacted]risk. | Failure due to excessive debt ratio over maximum allowed. | Reviewer Comment (2023-04-28): Cleared with re-run of compliance. |
04/28/2023 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | B | B | B | B | A | B | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 501 | (redacted) | 33651003 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non [redacted]DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [Redacted] ) of [Redacted] moderately exceeds the guideline maximum of [Redacted] . (DTI Exception is eligible to be regraded with compensating factors.) | Lender approved exception. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least [Redacted] Borrower has worked in the same position for more than[Redacted]years. |
Lender Exception with Comp Factors provided for regrade and waive. Lender Exception with Comp Factors provided for regrade and waive. |
Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2023-04-28): Lender waived with CF: Residual income greater than [redacted] , [redacted] Years on job |
04/28/2023 | 2 | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | B | B | B | B | A | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 502 | (redacted) | 33651004 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender made Exceptions for LTV and Debt Ratio based on Compensating Factors. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has a clean housing payment history Borrower has verified disposable income of at least $[redacted]. |
[redacted]+ years on the job. Prior homeownership experience (No FC or SS) and Low housing ratio of [redacted]% or less. Lender Exception with Comp Factors provided for regrade and waive. |
Originator,SitusAMC Originator Originator,SitusAMC |
Reviewer Comment (2023-06-27): Lender Exception with Compensating Factors provided. Reviewer Comment (2023-03-14): Approved lender exception provided. Buyer Comment (2023-03-06): Please see UW [redacted] attached. File was approved with an exception of the DTI and LTV |
06/27/2023 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | N/A | No | |||||||
| (redacted) | 502 | (redacted) | 33651005 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Lender made Exceptions for LTV and Debt Ratio based on Compensating Factors. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has a clean housing payment history Borrower has verified disposable income of at least $[redacted]. |
[redacted]+ years on the job. Prior homeownership experience (No FC or SS) and Low housing ratio of [redacted]% or less. Lender Exception with Comp Factors provided for regrade and waive. |
Originator,SitusAMC Originator Originator,SitusAMC |
Reviewer Comment (2023-06-27): Lender Exception with Compensating Factors provided. Reviewer Comment (2023-03-14): Approved lender exception provided. Buyer Comment (2023-03-06): Please see UW [redacted] attached. File was approved with an exception of the DTI and LTV |
06/27/2023 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | N/A | No | |||||||
| (redacted) | 502 | (redacted) | 33651007 | Credit | Guideline | Guideline Issue | Guideline | Aged document: Asset Account date is more than [redacted] days prior to Closing. | - | Reviewer Comment (2023-03-14): Current statement was provided. Buyer Comment (2023-03-09): Please see update [redacted] acct attached. |
03/14/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | N/A | No | |||||||||||
| (redacted) | 502 | (redacted) | 33651008 | Compliance | Compliance | Federal Compliance | TILA | TILA - Impermissible Prepayment Penalty | Truth in Lending Act (Dodd-Frank [redacted]): Covered transaction contains impermissible prepayment penalty. | File is missing a Loan Summary Comparison Disclosure, the penalty in year [redacted] is > [redacted]% and year [redacted] > [redacted]%. | Reviewer Comment (2023-04-25): Business Purpose Cert provided and Lender indicted loan is exempt. Buyer Comment (2023-04-15): Please see business Purpose & Occupancy diclosure attached. QM Designation is Exempt. Reviewer Comment (2023-03-15): Disclosure received, terms are still unacceptable. Buyer Comment (2023-03-09): Please see Prepayment Penalty Disclosure attached |
04/25/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 502 | (redacted) | 33651009 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | Maximum DTI on Investment properties is [redacted]%. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has a clean housing payment history Borrower has verified disposable income of at least $[redacted]. |
[redacted]+ years on the job. Prior homeownership experience (No FC or SS) and Low housing ratio of [redacted]% or less. Lender Exception with Comp Factors provided for regrade and waive. |
Originator,SitusAMC Originator Originator,SitusAMC |
Reviewer Comment (2023-06-27): Lender Exception with Compensating Factors provided. Reviewer Comment (2023-03-14): Approved lender exception provided. Buyer Comment (2023-03-06): Please see UW [redacted] attached. File was approved for exceeding DTI and LTV |
06/27/2023 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | N/A | No | |||||||
| (redacted) | 502 | (redacted) | 33651010 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk. | Maximum DTI on Investment properties is [redacted]%. | Reviewer Comment (2023-06-27): Lender Exception with Compensating Factors provided. Reviewer Comment (2023-06-27): Cleared in error Reviewer Comment (2023-03-14): Approved lender exception provided. Buyer Comment (2023-03-06): Please see UW [redacted] attached. File was approved for exceeding DTI and LTV |
06/27/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 502 | (redacted) | 33651011 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM [redacted]match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted]% significantly exceeds the guideline maximum of [redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to [redacted].) | Maximum DTI on Investment properties is [redacted]%. | Reviewer Comment (2023-06-27): Lender Exception with Compensating Factors provided. Reviewer Comment (2023-06-27): Cleared in error. Reviewer Comment (2023-03-14): Approved lender exception provided. Buyer Comment (2023-03-06): Please see UW [redacted] attached. File was approved for exceeding DTI and LTV |
06/27/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 503 | (redacted) | 33651014 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Document Preparation Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero percent fee tolerance violation for document preparation fee in the amount of $[redacted] with no cure provided to the borrower. | Reviewer Comment (2023-06-22): Upon review, consumer within [redacted]% tolerance guidelines Buyer Comment (2023-06-21): Please see Initial LE section A the Document Preparation Fee was already included. Please advise if you want me to send you Initial LE |
06/22/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 503 | (redacted) | 33651015 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrow Costs Year [redacted]Underdisclosed - [redacted] | TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [redacted] of on Final Closing Disclosure provided on [redacted] are underdisclosed. | HOA is not reflected on page [redacted] and page[redacted] as non escrowed property cost over year [redacted] on the final closing disclosure. | Reviewer Comment (2023-06-27): [redacted]Received PCCD and LOE Buyer Comment (2023-06-24): Please see PCCD attached |
06/27/2023 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 503 | (redacted) | 33651017 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) Texas Cash-out Loan (The lender/Assignee cannot conclusively rely on the Value reflected on the Acknowledgement of Fair Market Value as it does not match the appraised value) | [redacted] Constitution Section [redacted] : The lender/Assignee cannot conclusively rely on the Value on Acknowledgement of Fair Market Value as it does not match the appraised value. | The appraisal reports the subject property to be valued at $[redacted] and the acknowledgment of fair market value disclosure form reports the value to be $[redacted] | Reviewer Comment (2023-06-22): Updated Acknowledgement of Fair Market Value provided. Cleared. Buyer Comment (2023-06-21): Please see attached document showing correct appraisal amount |
06/22/2023 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 503 | (redacted) | 33651018 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Lender exception in file for FICO and reserves. | Borrower has verified disposable income of at least $[Redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Borrower has worked in the same position for more than [redacted] years. Borrower has been employed in the same industry for more than [redacted] years. |
High Residual Income Low housing ratio of [Redacted]% or less. |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2023-06-07): Lender Exception with Comp Factors provided for regrade and waive. |
06/07/2023 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 503 | (redacted) | 33651019 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Lender exception in file for FICO and reserves. | Borrower has verified disposable income of at least $[Redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Borrower has worked in the same position for more than [redacted] years. Borrower has been employed in the same industry for more than [redacted] years. |
High Residual Income Low housing ratio of [Redacted]% or less. |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2023-06-07): Lender Exception with Comp Factors provided for regrade and waive. |
06/07/2023 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 503 | (redacted) | 33651020 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [redacted] of the [redacted]months of bank statements provide end with a negative balance. Guidelines require a letter of explanation. | Reviewer Comment (2023-06-22): LOX provided. Cleared. Buyer Comment (2023-06-21): Please see LOE attached |
06/22/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 503 | (redacted) | 33651021 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Loan file missing evidence of borrower's percentage of ownership, years self employed and LOE for [redacted] of the [redacted] months of bank states ending in a negative balance. | The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Borrower has verified disposable income of at least $[Redacted]. |
Low housing ratio of [Redacted]% or less. High Residual Income |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2023-07-18): Lender exception provided Buyer Comment (2023-07-12): Please see attached documents which includes Non Agency Loan Approval on which loan was approved for an exception on NSF, also see 1008 on which UW addressed this situation, guidelines which stated that more than NSF required a LOE from bwr and if there is Overdraft Protection Tran safer are not considered an NSF Reviewer Comment (2023-07-10): The Certificate of Formation for the LLC confirms borrower is the only member and was filed on [redacted]. Condition still outstanding for the LOE for bank statements ending in negative balance. Buyer Comment (2023-07-05): Please see attached documents. The Certificate of Formation filed with the State of [redacted], shows [redacted] as the Agent and only [redacted] for the [redacted]. Also the Open Corporates document shows the same information |
07/18/2023 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 503 | (redacted) | 33651022 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of [redacted] does not match Due Diligence Loan Designation of ATR Risk. | Loan Designation discrepancy due to missing evidence of borrower's percentage of ownership, years self employed and LOE for [redacted] of the [redacted] months of bank statements ending with a negative balance. | Reviewer Comment (2023-07-18): Lender exception provided waiving and downgrading exceptions. |
07/18/2023 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 503 | (redacted) | 33651023 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The guideline deficiencies are related to missing evidence of borrower's percentage of ownership, years self employed and LOE for 6 of the 12 months of bank statements ending with a negative balance. | Reviewer Comment (2023-07-18): Lender exception provided waiving and downgrading exceptions. |
07/18/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 503 | (redacted) | 33651024 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Investor Guidelines Violation due to missing evidence of borrower's percentage of ownership, years self employed and LOE for [redacted]of the [redacted] months of bank statements ending with a negative balance. | Reviewer Comment (2023-07-18): Lender exception provided waiving and downgrading exceptions. |
07/18/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 503 | (redacted) | 33651025 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | Loan file missing missing evidence of borrower's percentage of ownership and number of years self employed. | Reviewer Comment (2023-06-29): State filing provided. Condition Clear. Buyer Comment (2023-06-24): The Certificate of Formation filed with the State of [redacted], shows [redacted] as the Agent and only [redacted] for the [redacted]. This supports that borrower owns the business [redacted]% and no other Managing Member have ownership in the business. Please see attached Documents |
06/29/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 503 | (redacted) | 33651026 | Credit | Guideline | Guideline Issue | Guideline | More than [redacted] NSFs/Overdraft Transfers occurred in the most recent [redacted] -month period. | Bank statements reflect [redacted] NSKs in a [redacted] month period. | The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Borrower has verified disposable income of at least $[Redacted]. |
Low housing ratio of [Redacted]% or less. High Residual Income |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2023-07-18): Lender exception provided. Buyer Comment (2023-06-21): Please see attached document. Non Agency Loan Approval Summary stated that bwr got a multiple exceptions one of them was for NSF. Reviewer Comment (2023-06-07): Lender Exception with Comp Factors provided for regrade and waive. |
07/18/2023 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 503 | (redacted) | 33651027 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | 08/05/2024 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||||
| (redacted) | 504 | (redacted) | 33651028 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | [redacted] bank bank statement from[redacted] to [redacted] and [redacted] bank statement for the month of [redacted] is missing | Reviewer Comment (2023-09-11): Additional bank statements were provided. Buyer Comment (2023-09-07): [redacted] statements uploaded Buyer Comment (2023-09-07): Navy Federal Credit Union statement uploaded Buyer Comment (2023-09-07): Bank statement income calculator uploaded |
09/11/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Higher Priced QM (APOR) | Non QM | No | |||||||||||
| (redacted) | 504 | (redacted) | 33651029 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | [redacted] bank bank statement from[redacted] to [redacted] and [redacted] bank statement for the month of [redacted] is missing | Reviewer Comment (2023-09-11): Additional bank statements were provided. Buyer Comment (2023-09-07): [redacted] stmts uploaded Buyer Comment (2023-09-07): xx uploaded |
09/11/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Higher Priced QM (APOR) | Non QM | No | |||||||||||
| (redacted) | 504 | (redacted) | 33651031 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted] % significantly exceeds the guideline maximum of [redacted] %. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | Reviewer Comment (2023-09-11): Additional bank statements were provided. Buyer Comment (2023-09-07): Bank statement income calculator worksheet supporting income used in qualifying uploaded |
09/11/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Higher Priced QM (APOR) | Non QM | No | |||||||||||
| (redacted) | 504 | (redacted) | 33651032 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Reviewer Comment (2023-09-11): Additional bank statements were provided. Buyer Comment (2023-09-07): Bank statement income calculator worksheet supporting income used in qualifying uploaded |
09/11/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Higher Priced QM (APOR) | Non QM | No | |||||||||||
| (redacted) | 504 | (redacted) | 33651033 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM (APOR) Threshold Fail | Qualified Mortgage: QM APR on subject loan of [redacted] % is equal to or greater than the threshold of [redacted] %. | Reviewer Comment (2023-09-14): Lender redesignated loan to Non-QM. Reviewer Comment (2023-09-11): Trailing docs did not contain any docs to clear this exception. Buyer Comment (2023-09-07): Income and asset documentation uploaded to specific exceptions. |
09/14/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Higher Priced QM (APOR) | Non QM | No | |||||||||||
| (redacted) | 504 | (redacted) | 33651034 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees 2021 | Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of [redacted] % is in excess of the allowable maximum of [redacted] % of the Federal Total Loan Amount. Points and Fees total $[redacted] on a Federal Total Loan Amount of $[redacted] vs. an allowable total of $[redacted] (an overage of $[redacted] or [redacted] %). | Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted]on a Federal Total Loan Amount of $[redacted] vs. an allowable total of $[redacted] (an overage of $[redacted] or [redacted] %). | Reviewer Comment (2023-09-14): Lender redesignated loan to Non-QM. Reviewer Comment (2023-09-11): Bank statement income calculator worksheet is not a document that could clear this condition. Rate lock showing Undiscounted Interest Rate and Undiscounted Interest Rate Price. Buyer Comment (2023-09-07): Bank statement income calculator worksheet supporting income used in qualifying uploaded |
09/14/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Higher Priced QM (APOR) | Non QM | No | ||||||||||
| (redacted) | 504 | (redacted) | 33651035 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Higher Priced QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | [redacted] bank statement from [redacted] to [redacted] and Navy Federal Credit Union bank statement for the month of [redacted] is missing, as well as the loan failing points and fees. | Reviewer Comment (2023-09-14): Lender redesignated loan to Non-QM. Reviewer Comment (2023-09-11): Trailing docs did not contain any docs to clear this exception. Buyer Comment (2023-09-07): Income and assets uploaded to specific exceptions |
09/14/2023 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Higher Priced QM (APOR) | Non QM | Yes | |||||||||
| (redacted) | 504 | (redacted) | 33651036 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | Zero percent fee tolerance violation for discount points in the amount of $[redacted] with no cure or change of circumstance provided to the borrower. | Reviewer Comment (2023-09-12): [redacted] Received Valid COC dated [redacted] . Buyer Comment (2023-09-08): COC for lock and loan amount change including discount points charged uploaded |
09/12/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Higher Priced QM (APOR) | Non QM | Yes | |||||||||
| (redacted) | 504 | (redacted) | 33651037 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | Zero percent fee tolerance violation for Transfer Tax in the amount of $[redacted] with no cure or change of circumstance provided to the borrower. | Reviewer Comment (2023-10-06): [redacted] received post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2023-10-05): LOE, Check, PCCD uploaded Reviewer Comment (2023-09-18): [redacted] received COC dated [redacted] and Lender comment for the LE dated [redacted] with loan amount $[redacted] , but, the fee was increased on CD dated [redacted] and there is no changes in Loan amount on [redacted] CD, for which we do not have a valid COC in order to re-baseline this exception. Cure is due to borrower. Cure consists of corrected CD, LOE to borrower, proof of mailing, and copy of refund check. Buyer Comment (2023-09-15): LE dated [redacted] supporting loan amount of $[redacted] , LE dated [redacted] with loan amount $[redacted] and COC dated [redacted] for loan amount increase. Transfer tax fee increase occurred [redacted] from $[redacted] to $[redacted] with COC dated [redacted] and then a second increase [redacted] from $[redacted] . to [redacted] with a cure noted of $[redacted] on CD dated [redacted] , all documents have been uploaded in previous submission. Please review notes and documents and advise Reviewer Comment (2023-09-14): [redacted] received COC dated [redacted] indicates the Loan amount increased from $[redacted] to $[redacted] . But, the Loan amount is same on throughout LE dated [redacted] to Post CD dated [redacted] . However, the Transfer taxes increased on LE dated [redacted] for which we do not have a valid COC. Please provide additional refund cure $[redacted] with Cure documents in order to clear this exception. Buyer Comment (2023-09-12): Also included CD dated supporting $[redacted] lender credit for tax transfer fee adjustment applied Buyer Comment (2023-09-12): LE supporting original loan amount prior to change, COC for transfer tax fee change due to loan amount change and updated CD with revised loan amount uploaded Reviewer Comment (2023-09-12): [redacted] Received COC dated [redacted] showing loan amount change from $[redacted] to $[redacted] ; however, loan amount is constant from previously disclosed LE dated [redacted] to CD dated [redacted] . Provided COC dated [redacted] does not give sufficient information for increased Transfer tax fee. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2023-09-08): COC for transfer tax fee adjustment due to loan amount change uploaded |
10/06/2023 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Higher Priced QM (APOR) | Non QM | Yes | |||||||||
| (redacted) | 504 | (redacted) | 33651038 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | File is missing evidence of the E sign consent agreement. | Reviewer Comment (2023-09-11): Disclosure was provided. Buyer Comment (2023-09-07): E Consent Form uploaded |
09/11/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Higher Priced QM (APOR) | Non QM | No | ||||||||||
| (redacted) | 504 | (redacted) | 33651039 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | File is missing evidence of title. Additional exceptions may apply if seasoning requirements are not met. | Reviewer Comment (2023-09-11): Title commitment was provided. Buyer Comment (2023-09-07): Final Title Policy uploaded |
09/11/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Higher Priced QM (APOR) | Non QM | No | |||||||||||
| (redacted) | 504 | (redacted) | 33651040 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Due to missing bank statements income requirements not met. | Reviewer Comment (2023-09-11): Bank statements were provided. Buyer Comment (2023-09-07): Income worksheet, [redacted] statements uploaded |
09/11/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Higher Priced QM (APOR) | Non QM | No | ||||||||||
| (redacted) | 504 | (redacted) | 33651041 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | Housing payment history was not verified. | Reviewer Comment (2023-09-11): Subject was free and clear. Buyer Comment (2023-09-07): Warranty Deed supporting subject owned free and clear uploaded |
09/11/2023 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Higher Priced QM (APOR) | Non QM | No | |||||||||||
| (redacted) | 504 | (redacted) | 33651043 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Restated Loan Designation Match - General Ability to Repay | Ability to Repay (Dodd-Frank 2014): The initial Loan Designation provided did not match. However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM. | Lender redesignated loan to Non-QM. | Buyer Comment (2023-09-19): * |
09/19/2023 | 2 | A | B | B | B | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Higher Priced QM (APOR) | Non QM | No | |||||||||||||||
| (redacted) | 505 | (redacted) | 33651045 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Appraisal report dated [redacted] is missing evidence of receipt. | Reviewer Comment (2023-10-19): Exception Cleared: Proof of appraisal delivery document received. Buyer Comment (2023-10-06): Proof of appraisal delivery uploaded. |
10/19/2023 | 1 | B | A | B | A | B | A | B | A | B | A | MI | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 505 | (redacted) | 33651046 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | Copy of FACTA disclosure is missing. | Reviewer Comment (2023-10-31): Received Federal Facta Disclosure and associated the same in file. Exception cleared. Buyer Comment (2023-10-25): Disclosure uploaded. Reviewer Comment (2023-10-19): Exception Remains: Provided document is a FACT Act Notice. Kindly provide FACTA Credit Score Disclosure. Buyer Comment (2023-10-06): Disclosure uploaded. |
10/31/2023 | 1 | B | A | B | A | B | A | B | A | B | A | MI | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 505 | (redacted) | 33651047 | Compliance | Compliance | State Compliance | Misc. State Level | [redacted] CMPA Home Loan Toolkit Status | [redacted] Consumer Mortgage Protection Act: Home Loan Toolkit not provided to borrower. | Copy of Home Loan Toolkit list is missing. | Buyer Comment (2023-11-06): * |
11/06/2023 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 505 | (redacted) | 33651049 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower | Reviewer Comment (2023-10-20): [redacted] Received PCCD, LOE and Payment history. Buyer Comment (2023-10-19): PCCD and payment history reflecting PR uploaded. |
10/20/2023 | 2 | C | B | C | B | C | B | C | B | C | B | MI | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 505 | (redacted) | 33651050 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | Appraisal fee increased on Closing Disclosure with no valid change evident. | Reviewer Comment (2023-10-20): [redacted] Received PCCD, LOE and Payment history. Buyer Comment (2023-10-19): PCCD and payment history reflecting PR uploaded. |
10/20/2023 | 2 | C | B | C | B | C | B | C | B | C | B | MI | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 505 | (redacted) | 33651051 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] % or Final Disclosure APR of [redacted] % is equal to or greater than the threshold of APOR [redacted] . Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted] % is greater than the threshold of APOR [redacted] %. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2023-10-20): Documents provided. Buyer Comment (2023-10-06): Appraisal proof of delivery uploaded. |
10/20/2023 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 505 | (redacted) | 33651052 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Loan is non-compliant HPML due to missing evidence of appraisal delivery three days prior to closing. | Reviewer Comment (2023-10-20): Documents provided. Buyer Comment (2023-10-06): Appraisal proof of delivery uploaded. |
10/20/2023 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 505 | (redacted) | 33651053 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | [redacted] CD indicates an escrow payment of $[redacted] monthly; however, the Initial Escrow Account Disclosure reflects a monthly escrow payment of $[redacted] . | Buyer Comment (2023-11-06): * Reviewer Comment (2023-10-19): Exception Remains: Provided Initial Escrow Account Disclosure does not have borrower signature & provided date. Buyer Comment (2023-10-06): Initial escrow acct disclosure uploaded. |
11/06/2023 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Refinance - Cash-out - Other | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 505 | (redacted) | 33651054 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Calculated loan to value percentage of [redacted] % exceeds Guideline loan to value percentage of [redacted] %. An exception was granted with compensating factors cited. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Miscellaneous |
Lender Comp Factors provided. Lender Exception with Compensating Factors. Low Housing Ratio of [redacted]% or less. |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2023-10-20): Lender exception with Compensation Factors. Buyer Comment (2023-10-06): UPE approved PTC uploaded. |
10/20/2023 | 2 | C | B | C | B | C | B | C | B | C | B | MI | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 505 | (redacted) | 33651057 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Please provide missing asset statements. | Reviewer Comment (2024-04-10): Account statement provided. Reviewer Comment (2024-04-10): Please do not work this exception, for TMs to review. Buyer Comment (2024-04-08): 401k statements. |
04/10/2024 | 1 | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 506 | (redacted) | 33651059 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | DTI exceed guideline.DTI of [redacted] % exceeds guideline of [redacted] % is causing the loan to waterfall to Non-QM/ATR standard requirements. This results in a Due Diligence Loan Designation of ATR Risk | Reviewer Comment (2024-01-10): Loan is Non-QM. Buyer Comment (2023-12-29): Approved exception with correct ratios uploaded Reviewer Comment (2023-12-21): Lender Exception cites DTI up to [redacted] %. Credit Report dated [redacted] reflects debts ([redacted] ) not paid at or before closing resulting in the DTI exceeding [redacted] %. Exception Remains. Buyer Comment (2023-12-13): DTI [redacted] % at coe, total monthly debt included in ratios $[redacted] after debt paid off Reviewer Comment (2023-12-04): Lender exception lists DTI up to [redacted] %. Updated credit report reflected additional debt, and not all debt paid at close. DTI over [redacted] %. Buyer Comment (2023-11-16): UPE approved PTC for ratios |
01/10/2024 | 1 | B | A | C | A | B | A | C | A | B | A | GA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 506 | (redacted) | 33651060 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted] business days of application. | Affiliated Business Arrangement Disclosure provided to borrower on note date. | Buyer Comment (2024-01-08): * Reviewer Comment (2023-12-04): Affiliated Business Arrangement Disclosure provided to borrower on[redacted] , which is not within [redacted] business days of application. Exception remains. Buyer Comment (2023-11-16): Evidence affiliated business disclosure was mailed to borrower w/in [redacted] days of application (holiday excluded) |
01/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 506 | (redacted) | 33651061 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Mortgage Broker Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | A valid Change of Circumstance was not found for the addition of the Mortgage Broker Fee on [redacted] . The rate lock change was not performed until the issue date of [redacted] per the Change of Circumstance found in the file. | Reviewer Comment (2023-11-17): [redacted] received valid COC documents. Buyer Comment (2023-11-16): Initial lock with borrower paid comp and initial signed CD supporting borrower paid comp |
11/17/2023 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 506 | (redacted) | 33651062 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | A valid Change of Circumstance was not found for the increase in the appraisal fee. | Reviewer Comment (2023-12-14): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2023-12-13): Principal reduction and corrected CD uploaded |
12/14/2023 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 506 | (redacted) | 33651063 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | A valid Change of Circumstance was not found for the addition of the Credit Re-Issue Fee. | Reviewer Comment (2023-12-14): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2023-12-13): corrected CD Buyer Comment (2023-12-13): principal reduction |
12/14/2023 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 506 | (redacted) | 33651064 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | A valid Change of Circumstance was not found for the increase in the Credit Report Fee. | Reviewer Comment (2023-12-14): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2023-12-13): corrected cd with principal reduction included Buyer Comment (2023-12-13): principal reduction uploaded |
12/14/2023 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 506 | (redacted) | 33651065 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on page [redacted] that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [redacted] ). The disclosed Total of Payments in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated total of payments of $[redacted] which exceeds the $[redacted] threshold. | Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on page [redacted] that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [redacted] ). The disclosed Total of Payments in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated total of payments of $[redacted] which exceeds the $[redacted] threshold. | Reviewer Comment (2023-12-15): [redacted] received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD. Buyer Comment (2023-12-13): Cure check, [redacted] to borrower and corrected CD uploaded |
12/15/2023 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 506 | (redacted) | 33651066 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | DTI of [redacted] % exceeds guideline of [redacted] %. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2023-11-09): x Reviewer Comment (2023-11-09): Lender Exception with Compensating Factors. |
11/09/2023 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 506 | (redacted) | 33651068 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | DTI of [redacted] % exceeds guideline of [redacted] %. | Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2023-11-09): Lender Exception with Compensating Factors. |
11/09/2023 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 506 | (redacted) | 33651069 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted] % significantly exceeds the guideline maximum of [redacted] %. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | DTI of [redacted] % exceeds guideline of [redacted] % is causing the loan to waterfall to Non-QM/ATR standard requirements. | Reviewer Comment (2024-01-10): Exception waived and downgraded with compensating factors. Reviewer Comment (2024-01-10): Regraded to EV2-B based on residual income > $[redacted] , [redacted] + months reserves, FICO [redacted] pts over minimum and time spent in position and industry. Reviewer Comment (2024-01-09): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted] % significantly exceeds the guideline maximum of [redacted] %. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) Buyer Comment (2023-12-29): Approved exception with correct ratios uploaded Reviewer Comment (2023-12-21): Lender Exception cites DTI up to [redacted] %. Credit Report dated [redacted] reflects debts ([redacted] ) not paid at or before closing resulting in the DTI exceeding [redacted] %. Exception Remains. Buyer Comment (2023-12-12): DTI [redacted]% at coe, total monthly debt included in ratios $[redacted] after debt paid off Reviewer Comment (2023-12-04): DTI over [redacted] %. Lendr exception cited up to [redacted] %. Buyer Comment (2023-11-16): UPE approved PTC for ratios uploaded |
01/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 506 | (redacted) | 33651070 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | There was no valid Change of Circumstance for the Closing Disclosure dated [redacted] to support the increase in the discount points. | Reviewer Comment (2023-11-17): [redacted] received valid COC documents. Buyer Comment (2023-11-16): COC, signed CD and lock supporting increase in disc points due to added uw exception for ratios uploaded |
11/17/2023 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 506 | (redacted) | 33651071 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Excessive DTI. | Reviewer Comment (2023-11-09): Lender Exception with Compensating Factors. |
11/09/2023 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 507 | (redacted) | 33651072 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient coverage reflecting a shortage of $[redacted] . | Reviewer Comment (2024-05-03): Received updated Hazard Insurance considered Dwelling $[redacted] + Other Structures $[redacted] = $[redacted] . Exception cleared. Buyer Comment (2024-05-02): Please see an updated HOI policy showing a Dwelling amount of $[redacted] plus other Structures of $[redacted] total coverage of $[redacted] Reviewer Comment (2024-02-07): There is no extended coverage on this policy. Loss of Rent/Use, is if the borrower is not receiving rental income from the property, ie. not tenant occupied and covers loss of income to the landlord/borrower, or pays living expenses to live somewhere else while the property is being repaired. Additional dwelling coverage required. Exception remains. (Definition - "Loss of use coverage, also known as additional living expenses (ALE) insurance, or Coverage D, can help pay for the additional costs you might incur for reasonable housing and living expenses if a covered event makes your house temporarily uninhabitable while it's being repaired." It can cover landlord for loss of income but does not cover the dwelling to be rebuilt.) Buyer Comment (2024-02-05): Our guidelines state that the minimum Hazard Insurance Coverage Amount is the following Dwelling $[redacted] + Dwelling amount other structures $[redacted] + Extended Replaced cost $[redacted] = $[redacted] . Loan Amount is $[redacted] . Please see the attached guidelines and Hazard insurance Policy Reviewer Comment (2024-02-02): Appraisal replacement amount is $[redacted] , and loan amount is $[redacted] . Neither is covered by the addition of Coverage A and Coverage B - [redacted] . The hazard policy does not have Extended Replacement. Exception Remains Buyer Comment (2024-01-23): Per our guidelines, the minimum requirements are Replacement from the Appraisal report or the Base Loan amount or policy must include Guaranteed Replacement. Cost Per Hazard Policy Insurance the Dwelling is $[redacted] + Other Structures $[redacted] + Loss of Use $[redacted] = $[redacted] Loan Amount id $[redacted] Could you please clear this exception or either escalate it to your Teal Lead or Spv ? Please see the attached guidelines and hazard coverage amounts. Thanks Reviewer Comment (2024-01-12): Coverage reflected is still insufficient. Dwelling and other structures included in coverage calculation. Please provide replacement cost estimator or updated policy. Buyer Comment (2024-01-05): please see the new Hazard Insurance Policy attached. The borrower's insurance policy was canceled on [redacted] by the previous company due to UW reasons see the letter attached too. CMS forced a new Policy on [redacted] the new amounts are $[redacted] for Dwelling, $[redacted] for Other Structures, and $[redacted] for Loss of Use total amount coverage is $[redacted] |
05/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 507 | (redacted) | 33651074 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three [redacted] business days. The document signed at closing is not valid as it contained two options and the borrower did not select the applicable one that applies. | Reviewer Comment (2023-12-22): Delivery provided. System Cleared. Buyer Comment (2023-12-20): Please see the attached documents. Proof of appraisal being delivered to borrower occurred until [redacted] , closing date [redacted] |
12/22/2023 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 507 | (redacted) | 33651075 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] % or Final Disclosure APR of [redacted] % is equal to or greater than the threshold of APOR [redacted] %. Non-Compliant Higher Priced Mortgage Loan. | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] % or Final Disclosure APR of [redacted] % is equal to or greater than the threshold of APOR [redacted] % + [redacted] %, or [redacted] %. Non-Compliant Higher Priced Mortgage Loan due to no evidence of receipt of the appraisal. | Reviewer Comment (2023-12-22): Delivery provided. System Cleared. Buyer Comment (2023-12-20): Please see the attached documents. Proof of appraisal being delivered to borrower occurred until [redacted] , closing date [redacted] |
12/22/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 507 | (redacted) | 33651076 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | No evidence of receipt of the appraisal by the borrower. | Reviewer Comment (2023-12-22): System Cleared. Buyer Comment (2023-12-20): Please see the attached documents. Proof of appraisal being delivered to borrower occurred until [redacted] , closing date [redacted] |
12/22/2023 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 507 | (redacted) | 33651077 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three [redacted] business days prior to consummation | Reviewer Comment (2023-12-22): Delivery provided. System Cleared. Buyer Comment (2023-12-20): Please see the attached documents. Proof of appraisal being delivered to borrower occurred until [redacted] , closing date [redacted] |
12/22/2023 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 507 | (redacted) | 33651079 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | A valid Change of Circumstance was not found for the increase in the appraisal fee. | Reviewer Comment (2023-12-28): [redacted] Received PCCD, LOE and Payment history Buyer Comment (2023-12-27): Please see PCCD and Pymt History attached showing a cure for $[redacted] due to an increased in appraisal fee. |
12/28/2023 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 507 | (redacted) | 33651080 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Documentation was not found to verify the CPA's license as required per guidelines. CPA letter in file indicates the borrower and co-borrower are [redacted] % owners of the business. All income was indicated as the borrower's. Corrected CPA letter should have been obtained. | Reviewer Comment (2024-01-03): Both borrower's are [redacted] % owner. Buyer Comment (2023-12-27): Please see CPA attached. per letter stated that both borrowers are [redacted]% owners. They are wife and Husband Reviewer Comment (2023-12-22): CPA Lic verified. Unable to determine borrower's percentage of ownership. Add co-borrower to the loan as CPA letter states he is an owner (1008, UW Wkst, and 1003), or provide actual percentage of ownership for the borrower. Reviewer Comment (2023-12-22): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: CPA Letter, Document to verify CPA licensing per guidelines Buyer Comment (2023-12-20): Please see attached documents showing CPA registered as an accounting and Tax Preparer |
01/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 507 | (redacted) | 33651081 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Documentation was not found to verify the CPA's license as required per guidelines. CPA letter in file indicates the borrower and co-borrower are [redacted] % owners of the business. All income was indicated as the borrower's. Corrected CPA letter should have been obtained. | Reviewer Comment (2024-02-07): Documentation provided. Buyer Comment (2024-02-05): Please see update 1003 & 1008 attached. Reviewer Comment (2024-02-04): Please correct 1003 and 1008 to show the co borrower with [redacted] % of the income . Buyer Comment (2024-01-23): The Property, Business, and location of these two borrowers are in [redacted]. This state is a Community property jurisdiction which means that they are equally owned by both spouses. Please clear the exception since the only update letter that we may obtain from the CPA is they are [redacted] % each one or either escalate this discrepancy to your Teal Lead or Spv. Reviewer Comment (2024-01-12): CPA letter in file states both Borrowers as owners of the business but does not break out the ownership percentage of each Borrower. Please provide updated CPA letter reflecting ownership % for Borrower or add Co Borrower to the loan with (1008, UW, Wkst and 1003). Buyer Comment (2024-01-05): Could you please review this one more time this exception or escalate it to your manager or team lead? Per guidelines, this program states that a CPA can determine the ownership of the business. Please see the attached documents which include Guidelines, a CPA letter (License # is at the bottom of the CPA letter, Website indicating that is a legitimate CPA or Tax Preparer Reviewer Comment (2023-12-22): CPA Lic verified. Unable to determine borrower's percentage of ownership. Add co-borrower to the loan as CPA letter states he is an owner (1008, UW Wkst, and 1003), or provide actual percentage of ownership for the borrower. Buyer Comment (2023-12-20): Please see attached documents showing CPA registered as an accounting and Tax Preparer |
02/07/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 507 | (redacted) | 33651082 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Documentation was not found to verify the CPA's license as required per guidelines and CPA letter in file indicates the borrower and co-borrower are [redacted] % owners of the business. All income was indicated as the borrower's, causing the loan to waterfall to Non-QM/ATR standard requirements. Resulting in a Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2024-02-07): System cleared. Documents/delivery provided. Buyer Comment (2024-02-06): Please see update 1003 & 1008 attached. Reviewer Comment (2024-02-04): Please correct 1003 and 1008 to show the co borrower with [redacted] % of the income . Buyer Comment (2024-01-23): The Property, Business, and location of these two borrowers are in [redacted] . This state is a Community property jurisdiction which means that they are equally owned by both spouses. Please clear the exception since the only update letter that we may obtain from the CPA is they are [redacted] % each one or either escalate this discrepancy to your Teal Lead or Spv. Reviewer Comment (2024-01-12): CPA letter in file states both Borrowers as owners of the business but does not break out the ownership percentage of each Borrower. Please provide updated CPA letter reflecting ownership % for Borrower or add Co Borrower to the loan with (1008, UW, Wkst and 1003). Buyer Comment (2024-01-05): Could you please review this one more time this exception or escalate it to your manager or team lead? Per guidelines, this program states that a CPA can determine the ownership of the business. Please see the attached documents which include Guidelines, a CPA letter (License # is at the bottom of the CPA letter, Website indicating that is a legitimate CPA or Tax Preparer Reviewer Comment (2023-12-22): CPA Lic verified. Unable to determine borrower's percentage of ownership. Add co-borrower to the loan as CPA letter states he is an owner (1008, UW Wkst, and 1003), or provide actual percentage of ownership for the borrower. Buyer Comment (2023-12-20): Please see attached documents showing CPA registered as an accounting and Tax Preparer |
02/07/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 507 | (redacted) | 33651083 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Documentation was not found to verify the CPA's license as required per guidelines and CPA letter in file indicates the borrower and co-borrower are [redacted] % owners of the business. All income was indicated as the borrower's, causing the loan to waterfall to Non-QM/ATR standard requirements. | Reviewer Comment (2024-02-07): System cleared. Documents/delivery provided. Buyer Comment (2024-02-05): Please see update 1003 & 1008 attached. Reviewer Comment (2024-02-04): Please correct 1003 and 1008 to show the co borrower with [redacted] % of the income . Buyer Comment (2024-01-23): The Property, Business, and location of these two borrowers are in [redacted] . This state is a Community property jurisdiction which means that they are equally owned by both spouses. Please clear the exception since the only update letter that we may obtain from the CPA is they are [redacted] % each one or either escalate this discrepancy to your Teal Lead or Spv. Reviewer Comment (2024-01-12): CPA letter in file states both Borrowers as owners of the business but does not break out the ownership percentage of each Borrower. Please provide updated CPA letter reflecting ownership % for Borrower or add Co Borrower to the loan with (1008, UW, Wkst and 1003). Buyer Comment (2024-01-05): Could you please review this one more time this exception or escalate it to your manager or team lead? Per guidelines, this program states that a CPA can determine the ownership of the business. Please see the attached documents which include Guidelines, a CPA letter (License # is at the bottom of the CPA letter, Website indicating that is a legitimate CPA or Tax Preparer Reviewer Comment (2023-12-22): CPA Lic verified. Unable to determine borrower's percentage of ownership. Add co-borrower to the loan as CPA letter states he is an owner (1008, UW Wkst, and 1003), or provide actual percentage of ownership for the borrower. Buyer Comment (2023-12-20): Please see attached documents showing CPA registered as an accounting and Tax Preparer |
02/07/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 507 | (redacted) | 33651084 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Documentation was not found to verify the CPA's license as required per guidelines and CPA letter in file indicates the borrower and co-borrower are [redacted] % owners of the business. All income was indicated as the borrower's, causing the loan to waterfall to Non-QM/ATR standard requirements. | Reviewer Comment (2024-02-07): System cleared. Documents/delivery provided. Buyer Comment (2024-02-05): Please see update 1003 & 1008 attached. Reviewer Comment (2024-02-04): Please correct 1003 and 1008 to show the co borrower with [redacted]% of the income . Buyer Comment (2024-01-23): The Property, Business, and location of these two borrowers are in [redacted] . This state is a Community property jurisdiction which means that they are equally owned by both spouses. Please clear the exception since the only update letter that we may obtain from the CPA is they are [redacted] % each one or either escalate this discrepancy to your Teal Lead or Spv. Reviewer Comment (2024-01-12): CPA letter in file states both Borrowers as owners of the business but does not break out the ownership percentage of each Borrower. Please provide updated CPA letter reflecting ownership % for Borrower or add Co Borrower to the loan with (1008, UW, Wkst and 1003). Buyer Comment (2024-01-05): Could you please review this one more time this exception or escalate it to your manager or team lead? Per guidelines, this program states that a CPA can determine the ownership of the business. Please see the attached documents which include Guidelines, a CPA letter (License # is at the bottom of the CPA letter, Website indicating that is a legitimate CPA or Tax Preparer Reviewer Comment (2023-12-22): CPA Lic verified. Unable to determine borrower's percentage of ownership. Add co-borrower to the loan as CPA letter states he is an owner (1008, UW Wkst, and 1003), or provide actual percentage of ownership for the borrower. Buyer Comment (2023-12-20): Please see attached documents showing CPA registered as an accounting and Tax Preparer |
02/07/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 508 | (redacted) | 33651087 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | DTI mismatch due to REO property-[redacted] debt not included at origination. Verification of business existence required within [redacted] business days of closing missing. | Reviewer Comment (2024-02-23): Documentation provided, system cleared. Buyer Comment (2024-02-16): If the Hazard Insurance Policy shows that the insurance Name is under the business name then our borrower is not responsible and either affected his DTI from this expense since he is not personally responsible for paying the insurance premium. Please see the attached documents that include proof of insurance being paid by the business, also please note that I highlighted the policy # and from where the funds are coming which is the business name [redacted] If for any reason you still disagree with the previous documentations please explain why we must provide a proof that business is paying the insurance premium. Thank you. Reviewer Comment (2024-02-14): Please provide documentation business paid for the insurance premium for [redacted] as I am not locating in the upload. Buyer Comment (2024-02-07): Could you please kindly review this one more time this file? We agree with the figures on the [redacted] and the Broad property too but the only discrepancy is for [redacted] . [redacted] which is a commercial building per property profile; property taxes and Insurance policy is been paid by the business borrower is not responsible to for payments. Please see the attached documents that include the Property detail report, Hazard Insurance Policy, and bank statements for [redacted] showing cxl checks for $[redacted] made to been paid by bwr to [redacted] District for $[redacted] and for Bank Statement for $[redacted] made to [redacted] Reviewer Comment (2024-02-03): Income and subject property PITIA matches 1008. REOs: [redacted] P&I + taxes= - $[redacted] (no insurance payment included), Broad St taxes & insurance -$[redacted] , [redacted] taxes and insurance -[redacted] . Buyer Comment (2024-01-31): Could you please escalate this file to your team lead or spv? The [redacted] was included in the debt ratio at the time of origination. The property shows an Mtg for $[redacted] which according to the credit report is being opened with [redacted] opened on [redacted] the property type is residential land and the property taxes are $[redacted] per year / by [redacted] months $[redacted] per month, there is no Insurance on the property since is a Land per the property detail report. Per our UW the borrower was hit with the Mortgage payment and property taxes. Please see the attached documents which include the Property Detail Report which shows that there is no construction being made on the land and property taxes, 1008 which shows DTI and all monthly pymts, 1003 which shows on page # [redacted] of [redacted] the mortgage monthly pymt, Credit report that is showing mortgage company and pymt. Please advise if you need any additional information or questions in order to clear the exception. |
02/23/2024 | 1 | B | A | C | A | B | A | C | A | B | A | PA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 508 | (redacted) | 33651089 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted] % moderately exceeds the guideline maximum of [redacted] %. (DTI Exception is eligible to be regraded with compensating factors.) | DTI mismatch due to REO property-[redacted] debt not included at origination. Verification of business existence required within [redacted] business days of closing missing. | Reviewer Comment (2024-02-23): Documentation provided, system cleared. Buyer Comment (2024-02-16): If the Hazard Insurance Policy shows that the insurance Name is under the business name then our borrower is not responsible and either affected his DTI from this expense since he is not personally responsible for paying the insurance premium. Please see the attached documents that include proof of insurance being paid by the business, also please note that I highlighted the policy # and from where the funds are coming which is the business name "[redacted] " If for any reason you still disagree with the previous documentations please explain why we must provide a proof that business is paying the insurance premium. Thank you. Reviewer Comment (2024-02-14): Please provide documentation business paid for the insurance premium for [redacted] as I am not locating in the upload. Buyer Comment (2024-02-07): Could you please kindly review this one more time this file? We agree with the figures on the [redacted] and the Broad property too but the only discrepancy is for [redacted] which is a commercial building per property profile; property taxes and Insurance policy is been paid by the business borrower is not responsible to for payments. Please see the attached documents that include the Property detail report, Hazard Insurance Policy, and bank statements for [redacted] showing cxl checks for $[redacted] made to been paid by bwr to[redacted] School District for $[redacted] and for Bank Statement for [redacted] made to [redacted] County Treasure Reviewer Comment (2024-02-03): Income and subject property PITIA matches 1008. REOs: [redacted] (no insurance payment included), [redacted] taxes & insurance -$[redacted] . Buyer Comment (2024-01-31): Could you please escalate this file to your team lead or spv? The [redacted] was included in the debt ratio at the time of origination. The property shows an Mtg for $[redacted] which according to the credit report is being opened with [redacted] opened on [redacted] the property type is residential land and the property taxes are $[redacted] per year / by [redacted] months $[redacted] per month, there is no Insurance on the property since is a Land per the property detail report. Per our UW the borrower was hit with the Mortgage payment and property taxes. Please see the attached documents which include the Property Detail Report which shows that there is no construction being made on the land and property taxes, 1008 which shows DTI and all monthly pymts, 1003 which shows on page # [redacted] of [redacted] the mortgage monthly pymt, Credit report that is showing mortgage company and pymt. Please advise if you need any additional information or questions in order to clear the exception. Reviewer Comment (2024-01-19): Verification received and accepted. DTI exception remains. Reviewer Comment (2024-01-19): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted] % moderately exceeds the guideline maximum of [redacted] %. (DTI Exception is eligible to be regraded with compensating factors.) Buyer Comment (2024-01-04): Please see the verification of business existence within [redacted] days from closing. our LP pulled from the website on [redacted] Reviewer Comment (2023-12-26): Review income matches 1008. Subject PITIA matches. Liabilities match.[redacted] . Verification of business existence required within [redacted] business days of closing missing. Buyer Comment (2023-12-21): [redacted] is vacant land with no insurance, attached tax bill shows $[redacted] annual taxes or $[redacted] monthly. This is provided in order to resolve data discrepancy errors. |
02/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 508 | (redacted) | 33651090 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . | Reviewer Comment (2023-12-13): [redacted] received detailed rebuttal comment with Rate lock confirmation for the rate was relocked. Buyer Comment (2023-12-11): No cure is needed. Discount points were increased because of a lock rate/relock/ please see the attached documents showing the rate lock, proof of deliver, and CD |
12/13/2023 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 508 | (redacted) | 33651091 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . | Reviewer Comment (2023-12-19): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2023-12-19): Please see PCCD & Pymt History attached. Reflecting an additional cure for $[redacted] due to $[redacted] for the Notary Fee increase and $[redacted] for the appraisal fee increased |
12/19/2023 | 2 | C | B | C | B | C | B | C | B | C | B | PA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 508 | (redacted) | 33651092 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Notary Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Notary Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | Reviewer Comment (2023-12-19): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2023-12-19): Please see PCCD & Pymt History attached. Reflecting an additional cure for $[redacted] due to $[redacted] for the Notary Fee increase and $[redacted] for the appraisal fee increased |
12/19/2023 | 2 | C | B | C | B | C | B | C | B | C | B | PA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 508 | (redacted) | 33651094 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | DTI mismatch due to REO property-[redacted] debt not included at origination. | Reviewer Comment (2024-02-23): Documentation provided, cleared. Buyer Comment (2024-02-16): If the Hazard Insurance Policy shows that the insurance Name is under the business name then our borrower is not responsible and either affected his DTI from this expense since he is not personally responsible for paying the insurance premium. Please see the attached documents that include proof of insurance being paid by the business, also please note that I highlighted the policy # and from where the funds are coming which is the business name "[redacted] " If for any reason you still disagree with the previous documentations please explain why we must provide a proof that business is paying the insurance premium. Thank you. Reviewer Comment (2024-02-14): Please provide documentation business paid for the insurance premium for [redacted] as I am not locating in the upload. Buyer Comment (2024-02-13): Could you please kindly consider your analysis? Our discrepancy on the DTI is the amount of $[redacted] that bwr is paying toward property taxes and Hazard insurance on [redacted] . If we include the amount the DTI goes over [redacted] % but with the amount is less than [redacted] %. Now the clarification is who is paying this amount? our borrower or his business? By looking at the information that we already sent the business that is paying for property taxes and hazard insurance also sent the proof that the borrower paid in one shot the property taxes and the hazard insurance policy is been paying by the borrower business. Finally when you stated that you received only one month could you please clarify what month are you referring to? Please see again attached Real Quest showing the amount on [redacted] page and Hazard Insurance policy under the business name and finally the checks that bwr paid thru property taxes. Reviewer Comment (2024-02-12): Exception Remains - Verified data updated correctly as per provided documents but still debt ration of [redacted]% exceeds guideline total debt ratio. Buyer Comment (2024-02-07): Could you please kindly review this one more time this file? We agree with the figures on the [redacted] and the Broad property too but the only discrepancy is for [redacted] which is a commercial building per property profile; property taxes and Insurance policy is been paid by the business borrower is not responsible to for payments. Please see the attached documents that include the Property detail report, Hazard Insurance Policy, and bank statements for [redacted] showing cxl checks for $[redacted] made to been paid by bwr to [redacted] Township School District for $[redacted] and for Bank Statement for [redacted] made to [redacted] County Treasure Reviewer Comment (2024-02-03): Income and subject property PITIA matches 1008. REOs: [redacted] P&I + taxes= - $[redacted] (no insurance payment included), [redacted] taxes & insurance -[redacted] taxes and insurance -$[redacted] Buyer Comment (2024-01-31): Could you please escalate this file to your team lead or spv? The [redacted] was included in the debt ratio at the time of origination. The property shows an Mtg for $[redacted] which according to the credit report is being opened with [redacted] opened on [redacted] the property type is residential land and the property taxes are $[redacted] per year / by [redacted] months $[redacted] per month, there is no Insurance on the property since is a Land per the property detail report. Per our UW the borrower was hit with the Mortgage payment and property taxes. Please see the attached documents which include the Property Detail Report which shows that there is no construction being made on the land and property taxes, 1008 which shows DTI and all monthly pymts, 1003 which shows on page #[redacted] the mortgage monthly pymt, Credit report that is showing mortgage company and pymt. Please advise if you need any additional information or questions in order to clear the exception. Reviewer Comment (2023-12-26): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of [redacted] % exceeds Guideline total debt ratio of [redacted] %. |
02/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 508 | (redacted) | 33651096 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | DTI mismatch due to REO property-[redacted] debt not included at origination. Verification of business existence required within [redacted] business days of closing missing. | Reviewer Comment (2024-02-23): Documentation provided, system cleared. Buyer Comment (2024-02-16): If the Hazard Insurance Policy shows that the insurance Name is under the business name then our borrower is not responsible and either affected his DTI from this expense since he is not personally responsible for paying the insurance premium. Please see the attached documents that include proof of insurance being paid by the business, also please note that I highlighted the policy # and from where the funds are coming which is the business name "[redacted] " If for any reason you still disagree with the previous documentations please explain why we must provide a proof that business is paying the insurance premium. Thank you. Reviewer Comment (2024-02-14): Please provide documentation business paid for the insurance premium for [redacted] as I am not locating in the upload. Buyer Comment (2024-02-07): Could you please kindly review this one more time this file? We agree with the figures on the [redacted] $[redacted] and the Broad property too but the only discrepancy is for [redacted] st which is a commercial building per property profile; property taxes and Insurance policy is been paid by the business borrower is not responsible to for payments. Please see the attached documents that include the Property detail report, Hazard Insurance Policy, and bank statements for [redacted] showing cxl checks for $[redacted] made to been paid by bwr to [redacted] Township School District for $[redacted] and for Bank Statement for [redacted] made to [redacted] County Treasure Reviewer Comment (2024-02-03): Income and subject property PITIA matches 1008. REOs: [redacted] P&I + taxes= - $[redacted] (no insurance payment included), Broad St taxes & insurance -$[redacted] , [redacted] taxes and insurance -$[redacted] =$[redacted] . Buyer Comment (2024-01-31): Could you please escalate this file to your team lead or spv? The [redacted] . Bay Shore was included in the debt ratio at the time of origination. The property shows an Mtg for $[redacted] which according to the credit report is being opened with [redacted] opened on [redacted] the property type is residential land and the property taxes are $[redacted] per year / by [redacted] months $[redacted] per month, there is no Insurance on the property since is a Land per the property detail report. Per our UW the borrower was hit with the Mortgage payment and property taxes. Please see the attached documents which include the Property Detail Report which shows that there is no construction being made on the land and property taxes, 1008 which shows DTI and all monthly pymts, 1003 which shows on page # [redacted] of [redacted] the mortgage monthly pymt, Credit report that is showing mortgage company and pymt. Please advise if you need any additional information or questions in order to clear the exception. |
02/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 508 | (redacted) | 33651097 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Homeowners Insurance Included In Escrow Test | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether Homeowners Insurance is included in escrow. | Post close Closing Disclosure does not show escrow for insurance, however final Closing Disclosure does. | Reviewer Comment (2023-12-13): Cured prior to discovery. Buyer Comment (2023-12-12): Please see the Rate Lock attached. file has no escrow account. |
12/13/2023 | 2 | C | B | C | B | C | B | C | B | C | B | PA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 508 | (redacted) | 33651098 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Property Taxes Included In Escrow | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether property taxes are included in escrow. | Post close Closing Disclosure does not show escrow for taxes. | Reviewer Comment (2024-01-08): [redacted] received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2024-01-04): Per First Pymt Letter & PCCD this file will not have an escrow. Please see attached documents |
01/08/2024 | 2 | C | B | C | B | C | B | C | B | C | B | PA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 508 | (redacted) | 33651099 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account Statement Missing | RESPA: Initial escrow account statement was not provided to the borrower. | Initial escrow account statement was not provided to the borrower. | Buyer Comment (2024-01-24): * Reviewer Comment (2024-01-22): Please provide LOE as to what occurred, and if an escrow account was established and later removed, an explanation of when the account was removed. Unclear as it looks like the escrows were removed from the PCCDs after the Final CD disclosed escrows, there was also a IEAD signed by the borrower at closing that was provided in trailing docs. Buyer Comment (2024-01-04): Per First Pymt Letter & PCCD this file will not have an escrow. Please see attached documents |
01/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 508 | (redacted) | 33651100 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Verification of business existence required within [redacted] business days of closing missing. | Reviewer Comment (2024-01-08): Business entity listing /Third party Verification received and associated . Exception cleared Buyer Comment (2024-01-04): Please see the verification of business existence within [redacted] days from closing. our LP pulled from the website on [redacted] |
01/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 508 | (redacted) | 33651101 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Debt Ratio of [redacted] % exceeds guidelines of [redacted] %. | Reviewer Comment (2024-02-23): Documentation provided, cleared. Buyer Comment (2024-02-16): If the Hazard Insurance Policy shows that the insurance Name is under the business name then our borrower is not responsible and either affected his DTI from this expense since he is not personally responsible for paying the insurance premium. Please see the attached documents that include proof of insurance being paid by the business, also please note that I highlighted the policy # and from where the funds are coming which is the business name "[redacted] " If for any reason you still disagree with the previous documentations please explain why we must provide a proof that business is paying the insurance premium. Thank you. Reviewer Comment (2024-02-14): Please provide documentation business paid for the insurance premium for [redacted] as I am not locating in the upload. Buyer Comment (2024-02-13): Could you please kindly consider your analysis? Our discrepancy on the DTI is the amount of $[redacted] that bwr is paying toward property taxes and Hazard insurance on [redacted] . If we include the amount the DTI goes over [redacted] % but with the amount is less than [redacted] %. Now the clarification is who is paying this amount? our borrower or his business? By looking at the information that we already sent the business that is paying for property taxes and hazard insurance also sent the proof that the borrower paid in one shot the property taxes and the hazard insurance policy is been paying by the borrower business. Finally when you stated that you received only one month could you please clarify what month are you referring to? Please see again attached Real Quest showing the amount on [redacted] page and Hazard Insurance policy under the business name and finally the checks that bwr paid thru property taxes. Reviewer Comment (2024-02-12): Received only [redacted] month of payment proof . Required additional [redacted] months payment proof that mortgage payment is paid by business. Exception remains Buyer Comment (2024-02-07): Could you please kindly review this one more time this file? We agree with the figures on the[redacted] and the Broad property too but the only discrepancy is for [redacted] which is a commercial building per property profile; property taxes and Insurance policy is been paid by the business borrower is not responsible to for payments. Please see the attached documents that include the Property detail report, Hazard Insurance Policy, and bank statements for [redacted] showing cxl checks for $[redacted] made to been paid by bwr to [redacted] Township School District for $[redacted] and for Bank Statement for [redacted] made to [redacted] County Treasure Reviewer Comment (2024-02-03): Income and subject property PITIA matches 1008. REOs: Bay Shore P&I + taxes= - $[redacted] (no insurance payment included) taxes & insurance -$[redacted] , [redacted] taxes and insurance -$[redacted] =$[redacted] . Buyer Comment (2024-01-31): Could you please escalate this file to your team lead or spv? The [redacted] was included in the debt ratio at the time of origination. The property shows an Mtg for $[redacted] which according to the credit report is being opened with [redacted] opened on [redacted] the property type is residential land and the property taxes are $[redacted] per year / by [redacted] months $[redacted] per month, there is no Insurance on the property since is a Land per the property detail report. Per our UW the borrower was hit with the Mortgage payment and property taxes. Please see the attached documents which include the Property Detail Report which shows that there is no construction being made on the land and property taxes, 1008 which shows DTI and all monthly pymts, 1003 which shows on page # [redacted] the mortgage monthly pymt, Credit report that is showing mortgage company and pymt. Please advise if you need any additional information or questions in order to clear the exception. |
02/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 508 | (redacted) | 33651102 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Verification of business existence required within [redacted] business days of closing missing. | Reviewer Comment (2024-01-08): Business entity listing /Third party Verification received and associated . Exception cleared Buyer Comment (2024-01-04): Please see the verification of business existence within [redacted] days from closing. our LP pulled from the website on [redacted] |
01/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 508 | (redacted) | 33651103 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Verification of business existence required within [redacted] business days of closing missing. | Reviewer Comment (2024-01-08): Business entity listing /Third party Verification received and associated . Exception cleared Buyer Comment (2024-01-04): Please see the verification of business existence within [redacted] days from closing. our LP pulled from the website on [redacted] |
01/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 509 | (redacted) | 33651104 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Reviewer Comment (2024-01-10): System cleared. Documents/delivery provided. Buyer Comment (2023-12-29): Appraisal proof of delivery uploaded. |
01/10/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 509 | (redacted) | 33651105 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] % or Final Disclosure APR of [redacted] % is equal to or greater than the threshold of APOR [redacted] . Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted] % or Final Disclosure APR of [redacted] % is equal to or greater than the threshold of APOR [redacted] % + [redacted] %, or [redacted] %. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-01-10): System cleared. Documents/delivery provided. Buyer Comment (2023-12-29): Appraisal proof of delivery uploaded. |
01/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 509 | (redacted) | 33651106 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Reviewer Comment (2024-01-10): System cleared. Documents/delivery provided. Buyer Comment (2023-12-29): Appraisal proof of delivery uploaded. |
01/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 509 | (redacted) | 33651108 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | Loan Discount Points fees was last disclosed as $[redacted] on LE but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a valid Change of Circumstance for this fee, nor evidence of cure in file. | Reviewer Comment (2024-01-02): [redacted] received COC dated [redacted] . Buyer Comment (2023-12-29): No cure required. Buyer Comment (2023-12-29): Re-disclosure COC uploaded for lock rebase lining discount to $[redacted] . |
01/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 509 | (redacted) | 33651109 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted] , prior to [redacted] business days from transaction date of [redacted] . | Subject loan transaction disbursed on [redacted] , prior to three ([redacted] ) business days from transaction date of [redacted] . This is due to the final Closing Disclosure with Date Issued on [redacted] not being signed by the borrower on [redacted] . Due to this, the disbursement date is being calculated on the presumed receipt date of the Closing Disclosure including mail time. | Reviewer Comment (2024-02-14): Provided the following: Letter of Explanation, Proof of Delivery, and Re-opened Rescission using the correct model form. Buyer Comment (2024-02-03): Re-executed NORTC, LOE and proof of delivery uploaded. |
02/14/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Debt Consolidation | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 509 | (redacted) | 33651110 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | Disbursement date occurred prior to expected date. This is due to the final Closing Disclosure with Date Issued on [redacted] not being signed by the borrower on [redacted] . Due to this, the disbursement date is being calculated on the presumed receipt date of the Closing Disclosure including mail time. | Reviewer Comment (2024-02-14): Provided the following: Letter of Explanation, Proof of Delivery, and Re-opened Rescission using the correct model form. Buyer Comment (2024-02-03): Re-executed NORTC, LOE and proof of delivery uploaded. |
02/14/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Debt Consolidation | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 509 | (redacted) | 33651111 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Coverage Amount not provided | Reviewer Comment (2024-01-03): Final title policy received and updated. Exception cleared. Buyer Comment (2023-12-29): Final title policy uploaded. |
01/03/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 509 | (redacted) | 33651112 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2024-01-10): Final Title provided. |
01/10/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 509 | (redacted) | 33651113 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Reviewer Comment (2024-01-03): Final 1003 received and updated. Exception cleared. Buyer Comment (2023-12-29): 1003 final uploaded. |
01/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 509 | (redacted) | 33651114 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Third Party Verification of Self-Employment within [redacted] business days of closing was not found. | Reviewer Comment (2024-01-18): Exception Cleared, Received VVOE within [redacted] business days prior Note Date. Buyer Comment (2024-01-12): VVOE uploaded dated within [redacted] business days, verified with tax analysist. |
01/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 509 | (redacted) | 33651115 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Reserves were only verified in the amount of [redacted] versus [redacted] months. | Borrower has verified disposable income of at least $[redacted]. Borrower has been employed in the same industry for more than [redacted] years. Borrower has worked in the same position for more than [redacted] years. |
Residual Income greater than $[readcted]. Five plus years on Job. |
SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2023-12-11): Lender exception provided. |
12/11/2023 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 509 | (redacted) | 33651116 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Reserves were only verified in the amount of .[redacted] versus [redacted] months. | Borrower has verified disposable income of at least $[redacted]. Borrower has been employed in the same industry for more than [redacted] years. Borrower has worked in the same position for more than [redacted] years. |
Residual Income greater than $[readcted]. Five plus years on Job. |
SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2023-12-11): Lender exception provided. |
12/11/2023 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 509 | (redacted) | 33651117 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Third Party Verification of Self-Employment within [redacted] business days of closing was not found. | Reviewer Comment (2024-01-18): Exception Cleared, Received VVOE within [redacted] business days prior Note Date. Buyer Comment (2024-01-12): VVOE uploaded dated within [redacted] business days, verified with tax analysist. |
01/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 509 | (redacted) | 33651118 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Missing Third Party Verification of Self-Employment within [redacted] business days and required reserves not verified is causing the loan to waterfall to Non-QM/ATR standard requirements. | Reviewer Comment (2024-02-14): System cleared. Buyer Comment (2024-02-03): Please note, VVOE within [redacted] business days cleared and waterfall exceptions should clear. Reviewer Comment (2024-01-23): VVOE signed as Verified By [redacted] on [redacted] . More recent verification required within [redacted] days of Note date. Buyer Comment (2024-01-12): VVOE uploaded dated within [redacted] business days, verified with tax analysist. |
02/14/2024 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 509 | (redacted) | 33651119 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Missing Third Party Verification of Self-Employment within [redacted] business days and required reserves not verified is causing the loan to waterfall to Non-QM/ATR standard requirements. | Reviewer Comment (2024-02-14): System cleared. Buyer Comment (2024-02-03): Please note, VVOE within [redacted] business days cleared and waterfall exceptions should clear. Reviewer Comment (2024-01-23): VVOE signed as Verified By [redacted] . More recent verification required within [redacted] days of Note date. Buyer Comment (2024-01-12): VVOE uploaded dated within [redacted] business days, verified with tax analysist. |
02/14/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 509 | (redacted) | 33651120 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Missing Third Party Verification of Self-Employment within [redacted] business days and required reserves not verified is causing the loan to waterfall to Non-QM/ATR standard requirements. | Reviewer Comment (2024-02-14): System cleared. Buyer Comment (2024-02-03): Please note, VVOE within [redacted] business days cleared and waterfall exceptions should clear. Reviewer Comment (2024-01-23): VVOE signed as Verified By [redacted] . on [redacted] . More recent verification required within [redacted] days of Note date. Buyer Comment (2024-01-12): VVOE uploaded dated within [redacted] business days, verified with tax analysist. |
02/14/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 510 | (redacted) | 33651122 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | $[redacted] violation due to increase in Title - Settlement Fees, Title - Document Preparation Fees, and Recording Fees. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-03-20): [redacted] received Letter of Explanation, Payment History and Corrected PCCD. Buyer Comment (2024-03-19): Cure and corrected CD uploaded |
03/20/2024 | 2 | C | B | C | B | C | B | C | B | C | B | MO | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 511 | (redacted) | 33651125 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least [redacted] business days prior to consummation | APR increased on [redacted] CD, this was not within [redacted] business days of [redacted] closing date. | Reviewer Comment (2025-02-18): Client elects to Waive. Reviewer Comment (2024-03-29): No new data/docs. Change dated [redacted] allows for closing on [redacted] , yet closing took place [redacted] . |
02/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | TRID timing exception, no remediation available. | D | B | C | A | C | B | D | A | Non QM | Non QM | No | |||||||||
| (redacted) | 511 | (redacted) | 33651126 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Mortgage Broker Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | Mortgage Broker Fee Fee was last disclosed as $[redacted] on LE but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2024-04-11): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2024-04-10): A total $[redacted] cure has been applied to the subject loan. See attached. Reviewer Comment (2024-03-26): [redacted] change of circumstance only has the change date and "Change in Eligibilty" for reason. Change of circumstances at a minimum should include the original estimate of the cost, the specific reason for the revision and how it impacted the specific fee(s) that increased, revised amount, and the date of the changed circumstance. Buyer Comment (2024-03-25): The broker fee flipped from lender paid to borrower paid from the [redacted] closing disclosure to the [redacted] closing disclosure and was associated with the change in eligibility change of circumstance. |
04/11/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 511 | (redacted) | 33651127 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | Credit Report Re-Issue Fee was last disclosed as $[redacted] on LE but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2024-04-11): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2024-04-10): A total $[redacted] cure has been applied to the subject loan. See attached. |
04/11/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 511 | (redacted) | 33651128 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 | Reviewer Comment (2024-03-26): Documents received, system cleared. Buyer Comment (2024-03-25): See attached, page [redacted] . CU risk score is [redacted] out of [redacted] . |
03/26/2024 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 511 | (redacted) | 33651129 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Reviewer Comment (2024-03-11): Final Title Policy received, exception cleared. Buyer Comment (2024-03-08): Please see missing Title Policy |
03/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 511 | (redacted) | 33651130 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Guidelines require [redacted] months consecutive bank statements dated with [redacted] days of closing. Loan file only contains [redacted] months statements. | Reviewer Comment (2024-03-11): Bank Statement received, exception cleared. Buyer Comment (2024-03-08): Please see missing bank statements |
03/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 511 | (redacted) | 33651131 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Guidelines require [redacted] months consecutive bank statements dated with [redacted] days of closing. Loan file only contains [redacted] months statements. | Reviewer Comment (2024-03-11): Bank Statement received, exception cleared. Buyer Comment (2024-03-08): Please see missing bank statements |
03/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 511 | (redacted) | 33651132 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Reviewer Comment (2024-03-26): Documents received, system cleared. Buyer Comment (2024-03-25): Responded in exception ID [redacted]. |
03/26/2024 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 511 | (redacted) | 33651133 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] % or Final Disclosure APR of [redacted] % is equal to or greater than the threshold of APOR [redacted] . Non-Compliant Higher Priced Mortgage Loan. | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] % or Final Disclosure APR of [redacted] % is equal to or greater than the threshold of APOR [redacted] % + [redacted] %, or [redacted] %. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-03-26): Documents received, system cleared. Buyer Comment (2024-03-25): Responded in exception ID [redacted]. |
03/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 511 | (redacted) | 33651134 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Reviewer Comment (2024-03-26): Documents received, system cleared. Buyer Comment (2024-03-25): Delivered [redacted], see attached. |
03/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 511 | (redacted) | 33651135 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Guidelines require two months consecutive bank statements dated with [redacted] days of closing. CPA letter does not reflect the Borrower's ownership percentage. | Reviewer Comment (2024-03-29): Borrower is the sole owner of the business. Exception Cleared Buyer Comment (2024-03-27): Responded in exception ID [redacted]. Reviewer Comment (2024-03-26): Still need proof of percentage of ownership of business. Page [redacted]of the guidleines states "Documentation must be provided to show the borrower's percentage of business ownership. Qualifying income will be multiplied by the percentage of profits that the borrower is entitled to." There is no documentation in file stating this is a sole proprietor and just because he has [redacted]% access to funds does not mean he has [redacted]% ownership. Buyer Comment (2024-03-25): Responded in exception ID [redacted]and [redacted]. |
03/29/2024 | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 511 | (redacted) | 33651136 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Guidelines require two months consecutive bank statements dated with [redacted] days of closing. CPA letter does not reflect the Borrower's ownership percentage. | Reviewer Comment (2024-03-29): Borrower is the sole owner of the business. Exception Cleared Buyer Comment (2024-03-27): Responded in exception ID [redacted]. Reviewer Comment (2024-03-26): Still need proof of percentage of ownership of business. Page [redacted]of the guidleines states "Documentation must be provided to show the borrower's percentage of business ownership. Qualifying income will be multiplied by the percentage of profits that the borrower is entitled to." There is no documentation in file stating this is a sole proprietor and just because he has [redacted]% access to funds does not mean he has [redacted]% ownership. Buyer Comment (2024-03-25): Responded in exception ID [redacted]and [redacted]. |
03/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 511 | (redacted) | 33651137 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Guidelines require two months consecutive bank statements dated with [redacted] days of closing. CPA letter does not reflect the Borrower's ownership percentage. | Reviewer Comment (2024-03-29): Borrower is the sole owner of the business. Exception Cleared Buyer Comment (2024-03-27): Responded in exception ID [redacted]. Reviewer Comment (2024-03-26): Still need proof of percentage of ownership of business. Page [redacted]of the guidleines states "Documentation must be provided to show the borrower's percentage of business ownership. Qualifying income will be multiplied by the percentage of profits that the borrower is entitled to." There is no documentation in file stating this is a sole proprietor and just because he has [redacted]% access to funds does not mean he has [redacted]% ownership. Buyer Comment (2024-03-25): Responded in exception ID [redacted]and [redacted]. |
03/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 511 | (redacted) | 33651138 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | CPA letter does not reflect the Borrower's ownership percentage. | Reviewer Comment (2024-03-29): Borrower is the sole owner of the business. Exception Cleared Buyer Comment (2024-03-27): Responded in exception ID [redacted]. Reviewer Comment (2024-03-26): Still need proof of percentage of ownership of business. Page [redacted]of the guidleines states "Documentation must be provided to show the borrower's percentage of business ownership. Qualifying income will be multiplied by the percentage of profits that the borrower is entitled to." There is no documentation in file stating this is a sole proprietor and just because he has [redacted]% access to funds does not mean he has [redacted]% ownership. Buyer Comment (2024-03-25): Responded in exception ID [redacted]. |
03/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 511 | (redacted) | 33651139 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | CPA letter does not reflect the Borrower's ownership percentage. | Reviewer Comment (2024-03-29): Borrower is the sole owner of the business. Exception Cleared Buyer Comment (2024-03-27): The business is documented as a sole proprietorship because 1) there is no business license, which would be required were the business registered as an LLC or corporation 2) the profit and loss statement names the business as the borrower's name and not any other business name, meaning the borrower is the business because it is a sole proprietorship 3) the CPA letter states "I have compiled the accompanying Statement of Income, Profit & Loss as of [redacted], for [redacted];" were this a registered business, the business name would have been used rather than the borrower's name, instead the borrower's name was used because the business is a sole proprietorship 4) the CPA letter states " I have been assisting [redacted] in filing his annual income taxes since [redacted]" which would not be relevant to the business being described if it was not a sole proprietorship the borrower reported as Schedule C income on his income taxes; an LLC or Corporation would file its own taxes separate from the borrower as an individual. For all these reasons, the documentation in the file shows the borrower's business is a sole proprietorship. Further, web searches of state records show no registered businesses named [redacted] Flooring. The borrower is necessarily [redacted]% owner of his sole proprietorship business. Reviewer Comment (2024-03-26): Still need proof of percentage of ownership of business. Page [redacted]of the guidleines states "Documentation must be provided to show the borrower's percentage of business ownership. Qualifying income will be multiplied by the percentage of profits that the borrower is entitled to." There is no documentation in file stating this is a sole proprietor and just because he has [redacted]% access to funds does not mean he has [redacted]% ownership. Buyer Comment (2024-03-25): The borrower's business is a sole proprietorship, not an LLC. There are no other owners. The CPA letter states the borrower has access to [redacted]% of the business funds, further supporting [redacted]% ownership. |
03/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 512 | (redacted) | 33651141 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Evidence the Creditor provided a copy of each valuation to applicant [redacted] business days prior to consummation. | Reviewer Comment (2024-03-11): Delivery information received. Exception Cleared Buyer Comment (2024-03-08): Attached log showing appraisal delivered [redacted]. |
03/11/2024 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 512 | (redacted) | 33651143 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Provided) | [redacted] Constitution Section 50(a)(6): Borrower did not receive written "Acknowledgment of the Fair Market Value" of homestead property securing loan. | Evidence the Borrower received written "Acknowledgment of the Fair Market Value" of homestead property securing loan. | Reviewer Comment (2024-03-12): Documents received, system cleared. Buyer Comment (2024-03-08): Attached. |
03/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 512 | (redacted) | 33651144 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Points and Fees Exceeds 2% of Original Principal Balance) | [redacted] Constitution Section 50(a)(6): Points and fees on subject loan of [redacted] % is in excess of the allowable maximum of [redacted] % of the Original Principal Loan Amount. Points and Fees total $[redacted] on an Original Principal Loan Amount of $[redacted] vs. an allowable total of $[redacted] (an overage of [redacted] .) | Points and fees on subject loan of [redacted] % is in excess of the allowable maximum of [redacted] % of the Original Principal Loan Amount. Points and Fees total $[redacted] on an Original Principal Loan Amount of $[redacted] vs. an allowable total of $[redacted] | Reviewer Comment (2024-03-12): Documents received, system cleared. Buyer Comment (2024-03-08): Loan discount points are bonafide and should not be included in the state points and fees calculations. |
03/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | Refund the borrower, or credit their account, an amount equal to any overcharge paid by the borrower. (Provide Proof of Delivery, LOE, and Copy of Check. [A servicing screen print can be provided in place of a check when a credit is applied to the borrowers account.]) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 512 | (redacted) | 33651145 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted] % or $[redacted] . Insufficient or no cure was provided to the borrower. | $[redacted] violation due to increase in Title - Settlement Fees, Title - Endorsement Fees, and Recording Fees. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-03-26): [redacted] Received PCCD, Letter of Explanation and Payment history Buyer Comment (2024-03-25): Cure applied for the amount above tolerance. |
03/26/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 512 | (redacted) | 33651146 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2024-03-12): Short form final title provided |
03/12/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 512 | (redacted) | 33651147 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (No evidence that borrower received copies of all documents signed at closing) | [redacted] Constitution Section [redacted] : [redacted] Cash-out Loan. No evidence that borrower(s) received copies of all documents signed at time of closing. | Evidence that borrower(s) received copies of all documents signed at time of closing. | Reviewer Comment (2024-03-29): Disclosure provided, system cleared. Buyer Comment (2024-03-25): Attached, item [redacted]. Reviewer Comment (2024-03-12): As per given closing instructions, it is duty of settlement agent to provide borrower complete disclosure form, it does not state that borrower has received all documents signed at closing Please provide either the Home Equity Affidavit signed at closing indicating that they received copies of all documents signed at closing or, a disclosure indicating and acknowledging that the borrower received a copy of all documents executed at closing. Buyer Comment (2024-03-08): See page [redacted] of the attached, for [redacted]Cash-Out Refinance Loans. Closing Attorney is required to provide borrower with complete copy of all signed documents. |
03/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | Either Deliver the required documents to the borrower or refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 512 | (redacted) | 33651148 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (TX Home Equity Disclosure/Notice Concerning Extensions of Credit Not Provided) | [redacted] Constitution Section [redacted] : Missing Revised Notice Concerning Extensions of Credit disclosure, however file includes a signed acknowledgment stating that the owner(s) received the Notice at least [redacted] days prior to closing. | Revised Notice Concerning Extensions of Credit Disclosure provided at least [redacted] days prior to closing with no evidence of receipt in file as required by Section [redacted]. | Reviewer Comment (2024-03-12): Document received, exception cleared. Buyer Comment (2024-03-08): Attached. |
03/12/2024 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 512 | (redacted) | 33651149 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) | [redacted] Constitution Section [redacted] : Acceptable FNMA title insurance endorsements not obtained for home equity loan. The loan file does not evidence the Title Policy includes the [redacted] T-42 endorsement or the T-42.1 endorsement. (The loan is a [redacted] Section [redacted] ) home equity loan.) | Reviewer Comment (2024-03-12): Document received, exception cleared. Buyer Comment (2024-03-08): See attached |
03/12/2024 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 512 | (redacted) | 33651150 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Third party document that was used to complete verification of the Borrower's business within [redacted] business days of closing was not provided in the loan file. | Reviewer Comment (2024-03-12): Business entity and VVOE received. Exception Cleared. Buyer Comment (2024-03-08): Attached. |
03/12/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 512 | (redacted) | 33651151 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Third party document that was used to complete verification of the Borrower's business within [redacted] business days of closing was not provided in the loan file. | Reviewer Comment (2024-03-12): Business entity and VVOE received. Exception Cleared. Buyer Comment (2024-03-08): Attached to exception ID [redacted]. |
03/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 512 | (redacted) | 33651152 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Third party document that was used to complete verification of the Borrower's business within [redacted] business days of closing was not provided in the loan file. | Reviewer Comment (2024-03-12): Business entity and VVOE received. Exception Cleared. Buyer Comment (2024-03-08): Attached to exception ID [redacted]. |
03/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 512 | (redacted) | 33651153 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Third party document that was used to complete verification of the Borrower's business within [redacted] business days of closing was not provided in the loan file. | Reviewer Comment (2024-03-12): Business entity and VVOE received. Exception Cleared. Buyer Comment (2024-03-08): Attached to exception ID [redacted]. |
03/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 512 | (redacted) | 33651154 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Third party document that was used to complete verification of the Borrower's business within [redacted] business days of closing was not provided in the loan file. | Reviewer Comment (2024-03-12): Business entity and VVOE received. Exception Cleared. Buyer Comment (2024-03-08): Attached to exception ID [redacted]. |
03/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 512 | (redacted) | 33651155 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Properly Executed by all persons vested on title) | [redacted] Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not properly executed. | Reviewer Comment (2024-04-25): Document provided, system cleared. Buyer Comment (2024-04-23): Non-borrowing spouse signed version attached. Reviewer Comment (2024-04-01): [redacted]Section 50(a)(6)(Q)(ix) states that the owner of the homestead and the lender must sign a written acknowledgment as to the fair market value of the homestead property on the date the extension of credit is made. Chapter [redacted], Rule §153.1 Definitions: (14) Owner--A person who has the right to possess, use, and convey, individually or with the joinder of another person, all or part of the homestead. This would include individuals with homestead rights, such as non-borrowing spouses. To Remediate: the lender or holder may either: (1) Deliver to the non-borrowing spouse the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $[redacted]and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. Buyer Comment (2024-03-29): Attached is the final version signed by borrower with correct valuation. Title shows NBS had no ownership/interest in the property, and deed signed at closing vests solely in the borrower. Reviewer Comment (2024-03-29): Disclosure provided signed by Lender reflects the correct appraised value of [redacted]per the appraisal in file. Disclosure provided for Borrower reflects an appraised value of [redacted]and is not signed by the non borrowing spouse. Buyer Comment (2024-03-25): Attached. |
04/25/2024 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 512 | (redacted) | 33651156 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) | [redacted] Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not properly executed by the Lender. | Reviewer Comment (2024-03-29): Disclosure signed by lender provided, system cleared. Buyer Comment (2024-03-25): Attached. |
03/29/2024 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 512 | (redacted) | 33651157 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) Texas Cash-out Loan (The lender/Assignee cannot conclusively rely on the Value reflected on the Acknowledgement of Fair Market Value as it does not match the appraised value) | [redacted] Constitution Section 50(a)(6): The lender/Assignee cannot conclusively rely on the Value on Acknowledgement of Fair Market Value as it does not match the appraised value. | Reviewer Comment (2024-03-31): Corrected value provided. Reviewer Comment (2024-03-29): Disclosure provided signed by Lender reflects the correct appraised value of [redacted]per the appraisal in file. Disclosure provided for Borrower reflects an appraised value of [redacted]and is not signed by the non borrowing spouse. Buyer Comment (2024-03-25): Please clarify what is requested here. |
03/31/2024 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 513 | (redacted) | 33651161 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least [redacted] business days prior to consummation | The Initial Closing Disclosure issued on [redacted] was not signed by Borrower at least [redacted] days prior to closing. | Reviewer Comment (2025-02-18): Client elects to Waive. Reviewer Comment (2024-04-07): While the APR reverted back to the previously disclosed APR, this does not nullify the trigger to provide an additional [redacted]-day waiting period upon redisclosure resulting from a trigger event under 1026.19(f)(2)(ii). The regulation requires that the borrower be provided an additional [redacted] business days if the previously disclosed APR becomes inaccurate (which occurred on subject transaction as loan amount and APR increased albeit rejected by the borrower). There is no language in the regulation providing that the [redacted]-day waiting period is no longer required if the loan closes with an APR that is accurate based on a previously disclosed APR. Buyer Comment (2024-04-04): Compliance response regarding CD Timing fail uploaded. |
02/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | TRID timing exception, no remediation available. | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 513 | (redacted) | 33651164 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2025-03-31): Exception Cleared - Post Disaster Inspection report received and updated in [redacted]. Buyer Comment (2025-03-28): Disaster reinspection report uploaded. |
03/31/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||||
| (redacted) | 514 | (redacted) | 33651170 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted] % or $[redacted] . Insufficient or no cure was provided to the borrower. | Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted] % or $[redacted] . Insufficient or no cure provided to the borrower. | Reviewer Comment (2024-05-06): [redacted] received PCCD, Letter of Explanation and Payment history for the evidence of Principal Reduction resulting in a cured the exception. Buyer Comment (2024-05-02): cure and corrected cd uploaded |
05/06/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 514 | (redacted) | 33651171 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | Loan Discount Points Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure provided to the borrower. | Reviewer Comment (2024-04-23): [redacted] received detailed rebuttal comment with supporting rate lock confirmation on [redacted] to the rate lock extension. Buyer Comment (2024-04-22): Initial lock, updated lock (with date of lock), TRID cert, CD supporting LTV increase, rate and FICO change from initial lock resulting in change in disc pts, expedite audit cert supporting borrower's receipt of updated fee change and CD |
04/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 514 | (redacted) | 33651172 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | Appraisal Re-Inspection Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure provided to the borrower. | Reviewer Comment (2024-04-23): [redacted] received PCCD, Letter of Explanation and Payment history for the evidence of Principal Reduction resulting in a cured the exception. Buyer Comment (2024-04-22): Cure and corrected CD uploaded |
04/23/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 517 | (redacted) | 33651185 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Based on the documentation provided, the preliminary appraisal that was delivered to borrower on [redacted] is missing from the file, along with any other appraisals completed for the subject property, and evidence the borrower received a copy of all appraisals at least [redacted] business days prior to closing. | Reviewer Comment (2024-07-15): Initial appraisal provided Buyer Comment (2024-07-15): Please escalate to [redacted] regarding revised appraisal delivered post close and can be downgraded and waived with a grade [redacted]. Reviewer Comment (2024-07-12): Initial appraisal received but still missing proof of final appraisal report dated [redacted] delivered to borrower on or after [redacted] and three days prior to consummation date. Buyer Comment (2024-07-08): Preliminary appraisal uploaded and proof revised clerical appraisal delivered to the borrower uploaded. |
07/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 517 | (redacted) | 33651186 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] % or Final Disclosure APR of [redacted] % is equal to or greater than the threshold of APOR [redacted] %. Non-Compliant Higher Priced Mortgage Loan. | Evidence the borrower was provided a copy of appraisal within [redacted] business days prior to consummation is missing. Final appraisal report date is [redacted] and appriasl need to be delivered on or after that date and [redacted] days prior to consummation date. | Reviewer Comment (2024-07-12): Documents received, system cleared. Buyer Comment (2024-07-08): Preliminary appraisal uploaded and proof revised clerical appraisal delivered to the borrower uploaded. |
07/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 517 | (redacted) | 33651187 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal Not Obtained Timely) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Appraisal not obtained prior to consummation. | Evidence the borrower was provided a copy of appraisal within [redacted] business days prior to consummation is missing. Final appraisal report date is [redacted] and appriasl need to be delivered on or after that date and [redacted] days prior to consummation date. | Reviewer Comment (2024-07-12): Documents received, system cleared. Buyer Comment (2024-07-08): Preliminary appraisal uploaded and proof revised clerical appraisal delivered to the borrower uploaded. |
07/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 517 | (redacted) | 33651189 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | Appraisal Review Fee disclosed as $[redacted] on Loan Estimate dated [redacted] but disclosed as $[redacted] on Final Closing Disclosure. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-07-09): [redacted] received LOE for fee name. Buyer Comment (2024-07-08): Attestation uploaded. |
07/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 517 | (redacted) | 33651191 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Evidence the borrower was provided a copy of appraisal within [redacted] business days prior to consummation is missing. Final appraisal report date is [redacted] and appriasl need to be delivered on or after that date and three days prior to consummation date. | Buyer Comment (2024-07-15): Approve Reviewer Comment (2024-07-12): Initial appraisal received but still missing proof of final appraisal report dated [redacted] delivered to borrower on or after [redacted] and three days prior to consummation date. Buyer Comment (2024-07-08): Preliminary appraisal uploaded and proof revised clerical appraisal delivered to the borrower uploaded. |
07/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 517 | (redacted) | 33651192 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Guidelines require [redacted] months reserves and only [redacted] months verified. [redacted] #[redacted] $[redacted] , EMD $[redacted] , Gift funds $[redacted] and loan proceeds from sale of home $[redacted] . | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2024-07-30): Lender Exception with Compensating Factors. Buyer Comment (2024-07-26): A post consummation exception was approved and requesting to downgrade and waive this exception. Reviewer Comment (2024-07-25): Additional Assets are Required Hence Exception Remains. Buyer Comment (2024-07-24): Revised PC Exception reflecting reserves of [redacted]. Verified assets $[redacted]proceeds from sale of property + [redacted] Checking Acct - $[redacted]= $[redacted], cash to close $[redacted]/ PITIA $[redacted]= [redacted]months reserves. Reviewer Comment (2024-07-15): Appraisal invoices for $[redacted]and $[redacted]received and counted toward closing costs and reserves verified are now [redacted]months. Lender exception in file is for reserve exception for slightly less than guidelines requirements ([redacted]). Please address the difference between verified of [redacted]and lender exception stating [redacted]. Reviewer Comment (2024-07-15): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of [redacted] . Buyer Comment (2024-07-08): Post Consummation Exception Approval for reserves and appraisal invoices showing paid with a cc. |
07/30/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 517 | (redacted) | 33651193 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2024-07-30): Lender Exception with Compensating Factors, system cleared Buyer Comment (2024-07-24): Revised PC Exception reflecting reserves of [redacted]. Verified assets $[redacted]proceeds from sale of property + [redacted] Checking Acct - $[redacted]= $[redacted], cash to close $[redacted]/ PITIA $[redacted]= [redacted]months reserves. Reviewer Comment (2024-07-15): Appraisal invoices for $[redacted]and $[redacted]received and counted toward closing costs and reserves verified are now [redacted] months. Lender exception in file is for reserve exception for slightly less than guidelines requirements ([redacted]). Please address the difference between verified of [redacted]and lender exception stating [redacted]. Buyer Comment (2024-07-08): Post Consummation Exception Approval for reserves and appraisal invoices showing paid with a cc. Reviewer Comment (2024-06-28): Guidelines require [redacted] months reserves and only [redacted] months verified. [redacted] #[redacted]$[redacted], EMD $[redacted], Gift funds $[redacted]and loan proceeds from sale of home $[redacted]. |
07/30/2024 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 517 | (redacted) | 33651194 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Reviewer Comment (2024-07-30): Lender Exception with Compensating Factors, system cleared Buyer Comment (2024-07-24): Revised PC Exception reflecting reserves of [redacted]. Verified assets $[redacted]proceeds from sale of property + [redacted] Checking Acct - $[redacted]= $[redacted], cash to close $[redacted]/ PITIA $[redacted]= [redacted]months reserves. Reviewer Comment (2024-07-15): Appraisal invoices for $[redacted]and $[redacted]received and counted toward closing costs and reserves verified are now [redacted]months. Lender exception in file is for reserve exception for slightly less than guidelines requirements ([redacted]). Please address the difference between verified of [redacted]and lender exception stating [redacted]. Buyer Comment (2024-07-08): Post Consummation Exception Approval for reserves and appraisal invoices showing paid with a cc. Reviewer Comment (2024-06-28): Guidelines require [redacted] months reserves and only [redacted]months verified. [redacted]$[redacted], EMD $[redacted], Gift funds $[redacted]and loan proceeds from sale of home $[redacted]. |
07/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 517 | (redacted) | 33651195 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Guidelines require [redacted] months reserves and only [redacted] months verified. | Reviewer Comment (2024-07-30): Lender Exception with Compensating Factors, system cleared Buyer Comment (2024-07-24): Revised PC Exception reflecting reserves of [redacted]. Verified assets $[redacted]proceeds from sale of property + [redacted] Checking Acct - $[redacted]= $[redacted], cash to close $[redacted]/ PITIA $[redacted]= [redacted]months reserves. Reviewer Comment (2024-07-15): Appraisal invoices for $[redacted]and $[redacted]received and counted toward closing costs and reserves verified are now [redacted]months. Lender exception in file is for reserve exception for slightly less than guidelines requirements ([redacted]). Please address the difference between verified of [redacted]and lender exception stating [redacted]. Buyer Comment (2024-07-08): Post Consummation Exception Approval for reserves and appraisal invoices showing paid with a cc. Reviewer Comment (2024-06-28): Guidelines require [redacted] months reserves and only [redacted]months verified. [redacted] #[redacted]$[redacted], EMD $[redacted], Gift funds $[redacted]and loan proceeds from sale of home $[redacted]. |
07/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 517 | (redacted) | 33651196 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | After correcting reserves to [redacted] months per matrix had to set ATR Asset fail exceptions. Guidelines require [redacted] months reserves and only [redacted] months verified. [redacted] , EMD $[redacted] , Gift funds $[redacted] and loan proceeds from sale of home $[redacted] . | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2024-07-30): Lender Exception with Compensating Factors. Buyer Comment (2024-07-26): A post consummation exception was approved and requesting to downgrade and waive this exception. Reviewer Comment (2024-07-25): Additional Assets are Required Hence Exception Remains. Buyer Comment (2024-07-24): Revised PC Exception reflecting reserves of [redacted]. Verified assets $[redacted]proceeds from sale of property + [redacted] Checking Acct - $[redacted]= $[redacted], cash to close $[redacted]/ PITIA $[redacted] = [redacted]months reserves. Reviewer Comment (2024-07-15): Appraisal invoices for $[redacted]and $[redacted]received and counted toward closing costs and reserves verified are now [redacted]months. Lender exception in file is for reserve exception for slightly less than guidelines requirements ([redacted]). Please address the difference between verified of [redacted]and lender exception stating [redacted]. Buyer Comment (2024-07-08): Post Consummation Exception Approval for reserves and appraisal invoices showing paid with a cc. |
07/30/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 517 | (redacted) | 33651198 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Buyer Comment (2024-07-16): Approve |
07/16/2024 | 2 | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 517 | (redacted) | 33651199 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant [redacted] business days prior to consummation. | Buyer Comment (2024-07-16): Approve |
07/16/2024 | 2 | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 518 | (redacted) | 33651201 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing Bank Statements(s) month ending [redacted] and [redacted] for Account Number ending [redacted] . | Reviewer Comment (2024-07-17): Documents received, system cleared. Buyer Comment (2024-07-16): [redacted] statement uploaded. Reviewer Comment (2024-07-16): Bank Statement ending in [redacted] document received and associated in [redacted]. But Bank Statement ending in [redacted] is still missing in file for account number ending [redacted]. Exception Remains. Buyer Comment (2024-07-15): Bank statement ending in [redacted] uploaded. Bank statement ending in [redacted] was not included in the [redacted]month bank statements for income qualifying. |
07/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 518 | (redacted) | 33651202 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Personal not provided | Missing Bank Statements(s) month ending [redacted] and [redacted] for Account Number ending [redacted] . | Reviewer Comment (2024-07-17): Bank statements provided Buyer Comment (2024-07-16): [redacted] statement uploaded. Reviewer Comment (2024-07-16): Bank Statement ending in [redacted] document received and associated in [redacted]. But Bank Statement ending in [redacted] is still missing in file for account number ending [redacted]. Exception Remains. Buyer Comment (2024-07-15): Bank statement ending in [redacted] uploaded. Bank statement ending in[redacted] was not included in the [redacted]month bank statements for income qualifying. |
07/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 518 | (redacted) | 33651203 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Creditor did not provide a copy of each valuation [redacted] to applicant [redacted] business days prior to consummation. | Buyer Comment (2024-07-24): Approve Reviewer Comment (2024-07-17): Received and exception is EV2. Buyer Comment (2024-07-12): Proof revised clerical appraisal delivered to the borrower uploaded. |
07/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 518 | (redacted) | 33651204 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] % or Final Disclosure APR of [redacted] % is equal to or greater than the threshold of APOR [redacted] . Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted] % or Final Disclosure APR of [redacted] % is equal to or greater than the threshold of APOR[redacted] %. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-07-17): Documents received, system cleared. Buyer Comment (2024-07-12): Proof revised clerical appraisal delivered to the borrower uploaded. |
07/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 518 | (redacted) | 33651205 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Creditor did not provide a copy of each valuation [redacted] to applicant three business days prior to consummation. | Reviewer Comment (2024-07-17): Documents received, system cleared. Buyer Comment (2024-07-15): Please escalate to [redacted] as a clerical appraisal is acceptable to be delivered pc and can be downgraded to a [redacted]. Reviewer Comment (2024-07-15): Exception remains: Appraisal provided on[redacted] is missing in the file. Proof of appraisal delivery for appraisal dated [redacted] is post closing which does not meet the ECOA requirement of appraisal delivery, Buyer Comment (2024-07-12): Proof revised clerical appraisal delivered to the borrower uploaded. |
07/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 518 | (redacted) | 33651208 | Property | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Valuation Exception: | Provide missing Appraisal sent to Borrower on [redacted] . | Reviewer Comment (2024-07-17): Initial appraisal provided Buyer Comment (2024-07-15): Appraisal [redacted] uploaded. |
07/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 518 | (redacted) | 33651209 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal Not Obtained Timely) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Appraisal not obtained prior to consummation. | Appraisal not obtained prior to consummation due to missing Appraisal sent to Borrower on [redacted] . | Reviewer Comment (2024-07-17): Documents received, system cleared. Buyer Comment (2024-07-12): Proof revised clerical appraisal delivered to the borrower uploaded. |
07/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 518 | (redacted) | 33651210 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Income documentation requirements not met due to missing Bank Statements(s) month ending [redacted] for Account Number ending [redacted] . | Reviewer Comment (2024-07-17): Documents received, system cleared. Buyer Comment (2024-07-16): [redacted] statement uploaded. Reviewer Comment (2024-07-16): Bank Statement ending in [redacted] is still missing in file for account number ending [redacted]. Exception Remains. Buyer Comment (2024-07-15): Bank statement ending in [redacted] uploaded. Bank statement ending in [redacted] was not included in the [redacted] month bank statements for income qualifying. |
07/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 518 | (redacted) | 33651211 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk due to missing Bank Statements(s) month ending [redacted] for Account Number ending [redacted] . | Reviewer Comment (2024-07-17): Documents received, system cleared. Buyer Comment (2024-07-15): Bank statement ending in [redacted] uploaded. Bank statement ending in [redacted] was not included in the [redacted] month bank statements for income qualifying. |
07/17/2024 | 1 | B | A | C | A | B | A | C | A | B | A | IL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 518 | (redacted) | 33651212 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors) due to missing Bank Statements(s) month ending [redacted] for Account Number ending [redacted] . | Reviewer Comment (2024-07-17): Documents received, system cleared. Buyer Comment (2024-07-15): Bank statement ending in [redacted] uploaded. Bank statement ending in [redacted] was not included in the [redacted] month bank statements for income qualifying. |
07/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 518 | (redacted) | 33651213 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Based on the loan failing one or more guideline components, the loan is at ATR risk due to missing Bank Statements(s) month ending [redacted] for Account Number ending [redacted] . | Reviewer Comment (2024-07-17): Documents received, system cleared. Buyer Comment (2024-07-15): Bank statement ending in [redacted] uploaded. Bank statement ending in [redacted] was not included in the [redacted]month bank statements for income qualifying. |
07/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 518 | (redacted) | 33651215 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant [redacted] business days prior to consummation. | Buyer Comment (2024-07-24): Approve |
07/24/2024 | 2 | B | B | B | B | B | IL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 519 | (redacted) | 33651219 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Initial escrow account statement of $[redacted] does not match charges on Post Close Final Closing Disclosure of $[redacted] . | Reviewer Comment (2024-08-07): Corrected initial escrow account disclosure provided., system cleared. Buyer Comment (2024-08-02): Please see the correct Initial Escrow Account Disclosure Statement attached. |
08/07/2024 | 1 | B | A | B | A | B | A | B | A | B | A | OH | Primary | Refinance - Cash-out - Debt Consolidation | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 519 | (redacted) | 33651220 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. | Closing Disclosure [redacted] not provided to Borrower(s) at least [redacted] business days prior to closing. | Reviewer Comment (2024-08-05): [redacted] received initial CD. Buyer Comment (2024-08-02): The Initial CD was dated & signed by our borrower on [redacted] and the consummation CD was signed by our borrower until [redacted] three days after the initial CD. Please see the documents attached. |
08/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Debt Consolidation | No Defined Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 519 | (redacted) | 33651221 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted] % or $[redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-07-02): Sufficient Cure Provided At Closing |
07/02/2024 | 1 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Debt Consolidation | Final CD evidences Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 519 | (redacted) | 33651222 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-07-02): Sufficient Cure Provided At Closing |
07/02/2024 | 1 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Debt Consolidation | Final CD evidences Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 519 | (redacted) | 33651223 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Representative FICO score of [redacted] is less than Guideline representative FICO score of [redacted] . | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Housing Ratio [redacted]% or less. Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-09-10): Lender Exception with Compensating Factors. Buyer Comment (2024-09-04): Post Consummation Exception Approval uploaded. Reviewer Comment (2024-08-29): Version [redacted]Primary Cash Out Alt Doc Minimum FICO Score Requirement is [redacted]. Buyer Comment (2024-08-28): I'd like to know if I uploaded the incorrect version of Matrix [redacted]. Per Matrix [redacted]if the FICO score is from [redacted]to [redacted]the LTV can be up to [redacted]% on Cash Out transactions. Please take a look at the attachment. Reviewer Comment (2024-08-23): Loan is a Cash Out refinance. Based off [redacted]verson matrix cash out, primary, Alt Doc [redacted]% LTV requires a [redacted]FICO score. Buyer Comment (2024-08-19): Please see the [redacted] Version [redacted]attached. Reviewer Comment (2024-08-19): [redacted]score required. Provide alternate documentation to support any other score. Matrix [redacted] utilized per Tape. Buyer Comment (2024-08-16): Could you please kindly escalate this discrepancy to your team lead or Spv Reviewer Comment (2024-08-16): Since file has been qualified using bank statement income(Alt Doc) for the LTV for [redacted]% FICO score requirement is [redacted]. Exception remains. Buyer Comment (2024-08-14): Could you please review this one more time this exception? Per Matrix available for this loan program if the LTC is below [redacted]which is actually [redacted]% the FICO score can be as low as [redacted]points. Reviewer Comment (2024-08-06): As per the matrix FICO requirement is [redacted]. Exception remains Buyer Comment (2024-08-02): Please see the updated revision summary from the guidelines which stated that the lower FICO score is now [redacted]. |
09/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | OH | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 519 | (redacted) | 33651224 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Representative FICO score of [redacted] is less than Guideline representative FICO score of [redacted] . | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Housing Ratio [redacted]% or less. Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-09-10): Lender Exception with Compensating Factors. Buyer Comment (2024-09-04): Post Consummation Exception Approval uploaded. Reviewer Comment (2024-08-29): Version [redacted] Primary Cash Out Alt Doc Minimum FICO Score Requirement is [redacted]. Buyer Comment (2024-08-28): I'd like to know if I uploaded the incorrect version of Matrix [redacted]. Per Matrix [redacted] if the FICO score is from [redacted]to [redacted]the LTV can be up to [redacted]% on Cash Out transactions. Please take a look at the attachment. Reviewer Comment (2024-08-23): Loan is a Cash Out refinance. Based off [redacted]verson matrix cash out, primary, Alt Doc [redacted]% LTV requires a [redacted]FICO score. Buyer Comment (2024-08-20): Please see the [redacted] Version [redacted]attached. Reviewer Comment (2024-08-19): [redacted]score required. Provide alternate documentation to support any other score. Matrix [redacted]utilized per Tape. Buyer Comment (2024-08-16): Could you please kindly escalate this discrepancy to your team lead or Spv? Reviewer Comment (2024-08-16): Since file has been qualified using bank statement income(Alt Doc) for the LTV for [redacted]% FICO score requirement is [redacted]. Exception remains. Buyer Comment (2024-08-14): Could you please review this one more time this exception? Per Matrix available for this loan program if the LTC is below [redacted]which is actually [redacted]% the FICO score can be as low as [redacted]points. Reviewer Comment (2024-08-06): As per the matrix FICO requirement is [redacted]. Exception remains Buyer Comment (2024-08-02): Please see the updated revision summary from the guidelines which stated that the lower FICO score is now [redacted]. |
09/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | OH | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 520 | (redacted) | 33651226 | Compliance | Compliance | Federal Compliance | FACTA | Federal FACTA Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | Creditor did not provide FACTA Credit Score Disclosure [redacted] within a reasonably practicable time after using credit score [redacted] | Buyer Comment (2024-08-09): * |
08/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | B | B | C | B | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 520 | (redacted) | 33651227 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Calculated loan to value percentage of [redacted] % exceeds Guideline loan to value percentage of [redacted] % (Max [redacted] % for FICO of [redacted] ). | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Lender Exception with Compensating Factors provided. Residual income > $[readcted] Borrower [redacted]+yeasr on job. Borrower's own funds used for down payment & closing (No Gifts or DPA). Prior homeownership experience no FC or Short Sale. |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-21): CF Update. Reviewer Comment (2024-07-26): Lender exception with compensating factors. |
07/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | B | B | C | B | A | A | Non QM | N/A | No | |||||||
| (redacted) | 520 | (redacted) | 33651228 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Calculated loan to value percentage of [redacted] % exceeds Guideline loan to value percentage of [redacted] % (Max [redacted] % for FICO of [redacted] ). | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Lender Exception with Compensating Factors provided. Residual income > $[readcted] Borrower [redacted]+yeasr on job. Borrower's own funds used for down payment & closing (No Gifts or DPA). Prior homeownership experience no FC or Short Sale. |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-21): CF Update. Reviewer Comment (2024-07-26): Lender exception with compensating factors. |
07/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | B | B | C | B | A | A | Non QM | N/A | No | |||||||
| (redacted) | 520 | (redacted) | 33651229 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Non-Warrantable Condo (Guidelines require Condo Approval on all Condo's). | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Lender Exception with Compensating Factors provided. Residual income > $[readcted] Borrower [redacted]+yeasr on job. Borrower's own funds used for down payment & closing (No Gifts or DPA). Prior homeownership experience no FC or Short Sale. |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-21): CF Update. Reviewer Comment (2024-07-26): Lender exception with compensating factors. |
07/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | B | B | C | B | A | A | Non QM | N/A | No | ||||||||
| (redacted) | 520 | (redacted) | 33651230 | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. | Calculated Available for Reserves of $[redacted] is less than Guideline Available for Reserves of $[redacted] . | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Lender Exception with Compensating Factors provided. Residual income > $[readcted] Borrower [redacted]+yeasr on job. Borrower's own funds used for down payment & closing (No Gifts or DPA). Prior homeownership experience no FC or Short Sale. |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-21): CF Update. Reviewer Comment (2024-07-26): Lender exception with compensating factors. |
07/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | B | B | C | B | A | A | Non QM | N/A | No | |||||||
| (redacted) | 520 | (redacted) | 33651231 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Calculated Available for Reserves of $[redacted] is less than Guideline Available for Reserves of $[redacted] . | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Lender Exception with Compensating Factors provided. Residual income > $[readcted] Borrower [redacted]+yeasr on job. Borrower's own funds used for down payment & closing (No Gifts or DPA). Prior homeownership experience no FC or Short Sale. |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-21): CF Update. Reviewer Comment (2024-07-26): Lender exception with compensating factors. |
07/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | B | B | C | B | A | A | Non QM | N/A | No | ||||||||
| (redacted) | 520 | (redacted) | 33651232 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Calculated Available for Reserves of $[redacted] is less than Guideline Available for Reserves of $[redacted] . Non-Warrantable Condo (Guidelines require Condo Approval on all Condo's). Calculated loan to value percentage of [redacted] % exceeds Guideline loan to value percentage of [redacted] % (Max [redacted] % for FICO of [redacted] ). | Reviewer Comment (2024-07-26): Lender exception with compensating factors, system cleared. |
07/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | B | B | C | B | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 520 | (redacted) | 33651233 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Calculated Available for Reserves of $[redacted] is less than Guideline Available for Reserves of $[redacted] . Non-Warrantable Condo (Guidelines require Condo Approval on all Condo's). Calculated loan to value percentage of [redacted] % exceeds Guideline loan to value percentage of [redacted] % (Max [redacted] % for FICO of [redacted] ). | Reviewer Comment (2024-07-26): Lender exception with compensating factors, system cleared. |
07/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | B | B | C | B | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 521 | (redacted) | 33651237 | Compliance | Compliance | State Compliance | Misc. State Level | [redacted] CMPA Home Loan Toolkit Status | [redacted] Consumer Mortgage Protection Act: Home Loan Toolkit not provided to borrower. | Home Loan Toolkit Disclosure is missing in file. | Buyer Comment (2024-08-09): * |
08/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 522 | (redacted) | 33651238 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is in a FEMA disaster area. Provide a satisfactory post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [redacted] ([redacted]) Declared Disaster End Date. | Reviewer Comment (2024-08-02): Received most recent property inspection report & associated. Exception cleared. Buyer Comment (2024-08-01): Disaster reinspection uploaded. |
08/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 522 | (redacted) | 33651241 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | Credit Report Re-issue Fee of $[redacted] was not disclosed on Loan Estimate. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-08-02): [redacted] Received PCCD, LOE and Payment history Buyer Comment (2024-08-01): PCCD and payment history reflecting PR uploaded. |
08/02/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 522 | (redacted) | 33651242 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - [redacted] Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-08-02): Sufficient Cure Provided within [redacted] Days of Closing |
08/02/2024 | 1 | A | A | A | A | A | TX | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 523 | (redacted) | 33651243 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Appraisal report dated [redacted] missing evidence of delivery. | Buyer Comment (2024-08-06): Approve |
08/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 523 | (redacted) | 33651246 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Missing a copy of the appraisal provided to the borrower on [redacted] . | Buyer Comment (2024-08-06): Approve |
08/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 523 | (redacted) | 33651247 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Reinspection Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | A re-inspection fee was added on the [redacted] Closing Disclosure without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-08-19): [redacted] Received PCCD, LOE and Payment history. Buyer Comment (2024-08-16): PCCD and payment history reflecting PR uploaded. Reviewer Comment (2024-08-09): [redacted]received rebuttal, however, the 1004 was received on [redacted] as "subject to" but the fee disclosed on [redacted] which is not within 3 business days from the date of change. Please provide timeline as to when lender become aware of the change or cure would be required. Buyer Comment (2024-08-08): Upon review of the appraisal, it was found by the uw that appraisal was subject to and required a 1004D. Reviewer Comment (2024-08-07): [redacted]received COC dated [redacted] which is already in file, but the reason provided for adding Re-inspection fee is not sufficient as why UW has added the fee. Please provide information as to what changed circumstance occurred (as defined under 1026.19(e)(4)(A)-(F) that resulted in an increase in closing costs. Buyer Comment (2024-08-06): Disclosure tracking details reflecting VCOC uploaded. |
08/19/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 524 | (redacted) | 33651250 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted] ). | Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted] ). | Reviewer Comment (2024-08-29): [redacted] received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2024-08-27): PCCD, cure check and proof of delivery uploaded. Reviewer Comment (2024-08-12): The processing fee is not excluded under 1026.4(c)(7). Please provide cure, or documentation of reason for exclusion of fee from finance charge calculations. Buyer Comment (2024-08-08): Third party processing invoice reflecting individual NMLS and fee can be excluded from finance charges. |
08/29/2024 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 524 | (redacted) | 33651251 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted] ). | Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted] ). | Reviewer Comment (2024-08-29): [redacted] received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2024-08-27): PCCD, cure check and proof of delivery uploaded. Reviewer Comment (2024-08-12): The processing fee is not excluded under 1026.4(c)(7). Please provide cure, or documentation of reason for exclusion of fee from finance charge calculations. Buyer Comment (2024-08-08): Third party processing invoice reflecting individual NMLS and fee can be excluded from finance charges. |
08/29/2024 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 524 | (redacted) | 33651252 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted] % or $[redacted] . Insufficient or no cure was provided to the borrower. | $[redacted] violation due to increase in Recording Fees. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-08-09): [redacted] received Letter of Explanation, Payment History and Corrected PCCD. Buyer Comment (2024-08-08): PCCD and payment history reflecting PR uploaded. |
08/09/2024 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 524 | (redacted) | 33651253 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted] % or $[redacted] . Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-08-09): Sufficient Cure Provided within [redacted] Days of Closing |
08/09/2024 | 1 | A | A | A | A | A | VA | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 526 | (redacted) | 33651261 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Reviewer Comment (2024-08-12): Corrected Initial Escrow Account Statement received. - Exception Cleared. Buyer Comment (2024-08-06): Initial escrow acct disclosure uploaded. |
08/12/2024 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 526 | (redacted) | 33651262 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted] , prior to [redacted] business days from transaction date of [redacted] . | Reviewer Comment (2024-09-19): [redacted] received lender attestation that [redacted] CD was title company CD never disclosed to borrower and no file documentation reflects issued to borrower. Buyer Comment (2024-09-18): Attestation uploaded. Reviewer Comment (2024-09-18): Per TRID Grid [redacted], Additional Considerations Row [redacted], The TPR firm can exclude an LE or CD from consideration if it was not provided to the consumer. Acceptable documentation is a lender attestation that it was not provided to the consumer. (This is only applicable if the document is not acknowledged by the consumer.) Attestation should be in a separate document that can be included in the loan file. Buyer Comment (2024-09-06): Please note, CD issued on [redacted] is a funder CD issued post consummation to update daily interest. No other changes updated and CD is not required to be signed. Reviewer Comment (2024-09-05): Received CD dated [redacted]. Final CD in file is dated [redacted]. Buyer Comment (2024-08-27): Consummation CD uploaded. Reviewer Comment (2024-08-12): Final Closing Disclosure [redacted] Borrower signature is required to clear this condition. -Exception Remains. Buyer Comment (2024-08-06): Please clarify as Note is dated [redacted] and consummation/notary date [redacted]. What is reviewer using for a transaction date of [redacted]? |
09/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 526 | (redacted) | 33651263 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | Reviewer Comment (2024-09-19): [redacted]received lender attestation that [redacted] CD was title company CD never disclosed to borrower and no file documentation reflects issued to borrower. Buyer Comment (2024-09-18): Attestation uploaded. Reviewer Comment (2024-09-18): Per TRID Grid [redacted], Additional Considerations Row [redacted], The TPR firm can exclude an LE or CD from consideration if it was not provided to the consumer. Acceptable documentation is a lender attestation that it was not provided to the consumer. (This is only applicable if the document is not acknowledged by the consumer.) Attestation should be in a separate document that can be included in the loan file. Buyer Comment (2024-09-06): Please note, CD issued on [redacted] is a funder CD issued post consummation to update daily interest. No other changes updated and CD is not required to be signed. Reviewer Comment (2024-09-05): Received CD dated [redacted]. Final CD in file is dated [redacted]. Buyer Comment (2024-08-27): Consummation CD uploaded. Reviewer Comment (2024-08-12): Final Closing Disclosure [redacted] Borrower signature is required to clear this condition. -Exception Remains. Buyer Comment (2024-08-06): Please clarify as Note is dated [redacted] and consummation/notary date [redacted]. What is reviewer using for a transaction date of [redacted]? |
09/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 526 | (redacted) | 33651264 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | Credit Report Re-Issue Fee was last disclosed as $.[redacted] on LE but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2024-08-29): [redacted] received PCCD, Letter of Explanation and Payment history for the evidence of Principal Reduction resulting in a cured the exception. Buyer Comment (2024-08-27): PCCD and payment history reflecting PR uploaded. |
08/29/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 526 | (redacted) | 33651265 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. | [redacted] received lender attestation that [redacted] CD was not issued to borower. [redacted] CD is Final CD for testing and reflects that Flood Ins is "other" in Estimated taxes, Ins & Assmts. The exception was regraded to EV2-B as the Flood Insurance is being disclosed to the consumer, just in the incorrect line item as it should be part of Homeowners Insurance, but instead was disclosed under Other.The amounts to be considered under the "Homeowner's Insurance" category are "Premiums or other charges for insurance against loss of or damage to property, or against liability arising out of the ownership or use of property…" [redacted] . On the [redacted] webinar hosted by the CFPB, it was clarified Flood Insurance would be placed within the Homeowner's Insurance category of the Estimated Taxes, Insurance & Assessments section as it would fall into the definition provided above. The commentary to [redacted] then states:"Amounts paid by the creditor using escrow account funds. Section [redacted] requires the creditor to disclose an indication of whether the amounts disclosed pursuant to[redacted] will be paid by the creditor using escrow account funds. If the amount disclosed pursuant to [redacted] requires the creditor to disclose a description of more than one amount and only some of those amounts will be paid by the creditor using escrow account funds, the creditor may indicate that only some of those amounts will be paid using escrow account funds, such as by using the word "some." As a result, the disclosure of "Some" next to the "Homeowner's Insurance" description would be accurate given that the flood portion of the Homeowner's Insurance will be escrowed while the Hazard Insurance will not be. As stated above, given the disclosure was made to the consumer but just on the incorrect line item, we have regraded to EV2-B accordingly. | Buyer Comment (2024-09-19): Approve |
09/19/2024 | 2 | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Debt Consolidation | Good Faith Redisclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 527 | (redacted) | 33651270 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow - Initial Escrow Payment By All Parties | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed an Initial Escrow Payment that includes both borrower and non-borrower paid amounts. | Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed an Initial Escrow Payment that includes both borrower and non-borrower paid amounts. | Buyer Comment (2024-08-13): accept |
08/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | ME | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 527 | (redacted) | 33651272 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Rural property. Subjject is not a tier 3 rural zip coode list. Appraiser indicates [redacted]% of the neighborhood is SFR land use. Land use is primarily vacant undeveloped land. Neighborhood consists of single family homes, community schools and amentities. Only [redacted] out of [redacted] utilities are public. Comparables are located at some distance. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) Low housing ratio of [redacted]% or less |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-08-08): Lender Exception with Compensating Factors. |
08/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | ME | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 528 | (redacted) | 33651277 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Closing Disclosure Issue Date Not Provided | TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [redacted] did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available. | Initial CD does not reflect the issue date. | Reviewer Comment (2024-08-29): [redacted] received LOA to remove document(s) [redacted]estimated to be provided on [redacted], from testing as not provided to the borrower. Buyer Comment (2024-08-28): Disregard prior version, it was not signed. Attached is the signed attestation. Buyer Comment (2024-08-28): Attestation attached. Reviewer Comment (2024-08-22): Doc ID [redacted]Contains incomplete CD and has closing date [redacted]. If the CD were not provided to the borrower, Please provide Letter of Attestation indicating the document ID [redacted]were never provided to the borrower and [redacted]will review for re-testing. Buyer Comment (2024-08-21): The referenced, undated closing disclosure on page [redacted]of the binder should be disregarded. It is not complete and was not sent to the borrower. Disclosure tracking records show closing disclosures were issued on [redacted], [redacted], and [redacted] (post-consummation), all three of which are in the binder. |
08/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | Good Faith Redisclosure | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 528 | (redacted) | 33651278 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Incomplete mortgage history verification. Required canceled checks or bank statements not provided. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2024-08-08): Lender Exception with Compensating Factors. |
08/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 529 | (redacted) | 33651280 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2024-08-22): Received CU risk score & updated. Exception cleared. Buyer Comment (2024-08-21): Attached, risk score 1. |
08/22/2024 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 529 | (redacted) | 33651284 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Initial escrow account statement does not match charges on post-close HUD-1/Final Closing Disclosure. | Buyer Comment (2024-08-28): Version at closing was off $[redacted]. Reviewer Comment (2024-08-26): The Initial Escrow Account Statement requirement under 1026.24(g) states: Initial escrow account statement. (1) Submission at settlement, or within [redacted] calendar days of settlement. As noted in §1024.17(c)(2), the servicer shall conduct an escrow account analysis before establishing an escrow account to determine the amount the borrower shall deposit into the escrow account, subject to the limitations of §1024.17(c)(1). After conducting the escrow account analysis for each escrow account, the servicer shall submit an initial escrow account statement to the borrower at settlement or within [redacted]calendar days of settlement for escrow accounts that are established as a condition of the loan. Exception is valid if IEADS does not reflect actual initial escrow payment. An updated IEADS reflecting accurate initial escrow payment is required to cure. Note that violations under RESPA carry no assignee liability so the exceptions are graded as an EV2-B. Buyer Comment (2024-08-22): The initial escrow account disclosure statement is an estimate and states it is only an estimate. The variance between the initial estimate and the final closing disclosure is $[redacted]. Escrow payments can update over the life of the loan, and the closing disclosure explains this. |
08/28/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 529 | (redacted) | 33651286 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | CPA Letter in file not dated, unable to determine if it is a pre or post close document. Unable to use. Dated copy required. | Reviewer Comment (2024-08-22): CPA letter dated prior to closing received & associated. Exception cleared. Buyer Comment (2024-08-21): See attached document properties, the letter provided was created on [redacted] which is prior to close. This can be tracked via PDF metadata. |
08/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 529 | (redacted) | 33651287 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Borrower has an additional property. The hazard information provided reflects a mortgagee clause. Provide a mortgage statement for the [redacted] loan listed on the hazard documentation. | Reviewer Comment (2024-08-26): Docs provided. Buyer Comment (2024-08-22): Attached are the mortgage statement, the updated 1003 with the full payment included, and the post closing exception approval for the updated DTI. |
08/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 529 | (redacted) | 33651288 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | CPA Letter in file not dated, unable to determine if it is a pre or post close document. Unable to use. Dated copy required. Loan file also missing mortgage statement for the borrower's other REO. | Reviewer Comment (2024-08-22): CPA letter dated prior to closing received & associated. Exception cleared. Buyer Comment (2024-08-21): See response to exception ID [redacted]. |
08/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 529 | (redacted) | 33651289 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | CPA Letter in file not dated, unable to determine if it is a pre or post close document. Unable to use. Dated copy required. Loan file also missing mortgage statement for the borrower's other REO. | Reviewer Comment (2024-08-22): CPA letter dated prior to closing received & associated. Exception cleared. |
08/22/2024 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 529 | (redacted) | 33651290 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | CPA Letter in file not dated, unable to determine if it is a pre or post close document. Unable to use. Dated copy required. Loan file also missing mortgage statement for the borrower's other REO. | Reviewer Comment (2024-08-22): CPA letter dated prior to closing received & associated. Exception cleared. |
08/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 529 | (redacted) | 33651291 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | CPA Letter in file not dated, unable to determine if it is a pre or post close document. Unable to use. Dated copy required. Loan file also missing mortgage statement for the borrower's other REO. | Reviewer Comment (2024-08-22): CPA letter dated prior to closing received & associated. Exception cleared. |
08/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 530 | (redacted) | 33651293 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Buyer Comment (2024-08-14): Approve |
08/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| (redacted) | 530 | (redacted) | 33651294 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Evidence the Borrower is allowed to use Business funds for loan transaction without financial impact on Business is missing from the loan file. | Reviewer Comment (2024-09-09): Letter of Explanation received and associated. Exception cleared. Buyer Comment (2024-09-05): Please note, guidelines state a letter from a CPA or borrower must be obtained. LOE from borrower is acceptable. Reviewer Comment (2024-09-04): Required Evidence of Access to Funds or Letter of explanation by CPA. Exception remains. Buyer Comment (2024-09-03): LOE uploaded. |
09/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||
| (redacted) | 530 | (redacted) | 33651295 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Evidence the Borrower is allowed to use Business funds for loan transaction without financial impact on Business is missing from the loan file. | Reviewer Comment (2024-09-09): Letter of Explanation received and associated. Exception cleared. Buyer Comment (2024-09-05): Please note, guidelines state a letter from a CPA or borrower must be obtained. LOE from borrower is acceptable. Reviewer Comment (2024-09-04): Required Evidence of Access to Funds or Letter of explanation by CPA. Exception remains. Buyer Comment (2024-09-03): LOE uploaded. |
09/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||
| (redacted) | 531 | (redacted) | 33651299 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | The Initial Escrow deposit reflects $[redacted]and the escrows collected are $[redacted]. The Post Closing Disclosure issued on [redacted] reflects an escrow deposit of $[redacted] and escrows collected in the amount of $[redacted]. | Buyer Comment (2024-08-13): accept |
08/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Refinance - Cash-out - Other | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 532 | (redacted) | 33651303 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Document Preparation Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Title - Document Preparation Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-08-07): Sufficient Cure Provided At Closing |
08/07/2024 | 1 | A | A | A | A | A | A | A | A | A | A | KS | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 532 | (redacted) | 33651304 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation discrepancy due to the borrower's DTI being greater than the guideline maximum of [redacted]%. | Reviewer Comment (2024-08-09): Lender Exception with Compensating Factors. |
08/09/2024 | 1 | B | A | C | A | B | A | C | A | B | A | KS | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 532 | (redacted) | 33651305 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | The borrower's DTI of [redacted]% exceeds the guideline maximum of [redacted]%. The loan closed with a DTI of [redacted]%. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Miscellaneous |
Lender Exception with Compensating Factors. Prior Homeownership Experience (No FC or Short Sale) |
Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2024-11-21): Prior Homeownership Experience (No FC or Short Sale) Reviewer Comment (2024-08-09): Lender Exception with Compensating Factors. |
08/09/2024 | 2 | C | B | C | B | C | B | C | B | C | B | KS | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 532 | (redacted) | 33651306 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | The borrower's DTI of [redacted]% exceeds the guideline maximum of [redacted]%. The loan closed with a DTI of [redacted]%. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Miscellaneous |
Lender Exception with Compensating Factors. Prior Homeownership Experience (No FC or Short Sale) |
Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2024-11-21): Prior Homeownership Experience (No FC or Short Sale) Reviewer Comment (2024-08-09): Lender Exception with Compensating Factors. |
08/09/2024 | 2 | C | B | C | B | C | B | C | B | C | B | KS | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 532 | (redacted) | 33651307 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The borrower's DTI of [redacted]% exceeds the guideline maximum of [redacted]%. The loan closed with a DTI of [redacted]%. | Reviewer Comment (2024-08-09): Lender Exception with Compensating Factors. |
08/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | KS | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 532 | (redacted) | 33651308 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | There was an increase in Loan Discount Points and there was not a valid Changed Circumstance or sufficient cure provided. | Reviewer Comment (2024-08-29): [redacted] received valid COC dated [redacted]. Buyer Comment (2024-08-28): The exception for the DTI was approved on [redacted] as shown on the Approval in the binder. The price would not have been impacted until the exception approval date, and so it was disclosed after the approval. That is the relevant COC. Reviewer Comment (2024-08-23): [redacted]: The LE, CD and COC that was provided in the trailing images was also provided in the original loan package. But, COC dated [redacted] does not give sufficient information as to what information was received that impact to added the UW exception for DTI over [redacted]%. Please provide information as to what changed circumstance occurred (as defined under 1026.19(e)(4)(A)-(F) that resulted in an increase in closing costs or Cure would be due to borrower. Buyer Comment (2024-08-21): Attached are the changes of circumstance that affected the discount points.[redacted] change in loan amount. [redacted] rate lock.[redacted] underwriting exception added for DTI over [redacted]% ([redacted] has a copy of this UW exception documentation per exception ID [redacted]). |
08/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | KS | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 532 | (redacted) | 33651309 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide corrected [redacted]reflected accurate Gift amount as documented in file, $[redacted]. | Reviewer Comment (2024-08-23): Corrected 1003 received. Buyer Comment (2024-08-21): Attached. |
08/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | KS | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 532 | (redacted) | 33651310 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Provide [redacted] report and evidence of delivery of the [redacted] report. | Buyer Comment (2024-09-09): accept Reviewer Comment (2024-09-06): Appraisal order form only shows appraisal emailed to borrower on [redacted] and not proof of receipt from borrower. Exception remains and is an EV2. Buyer Comment (2024-08-28): The borrower signed the e-consent, thus the delivery is instant. Reviewer Comment (2024-08-23): Delivery received however it is still less than [redacted] days prior to closing as receipt by borrower not evident. EV2 exception. Buyer Comment (2024-08-21): Attached evidence of [redacted] appraisal delivery. Buyer Comment (2024-08-21): [redacted] appraisal attached. |
09/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | KS | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 533 | (redacted) | 33651314 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. | Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. | Buyer Comment (2024-09-05): accept |
09/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 534 | (redacted) | 33651318 | Compliance | Compliance | Federal Compliance | TRID | TRID Lender Credit Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted]exceeds tolerance of $-[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-08-15): Sufficient Cure Provided within [redacted]Days of Closing |
08/15/2024 | 1 | A | A | A | A | A | A | A | A | A | A | IA | Primary | Refinance - Cash-out - Debt Consolidation | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||||
| (redacted) | 536 | (redacted) | 33651323 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The property is marked rural per the appraisal report which is ineligible per guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower has a clean housing payment history Miscellaneous |
[redacted]+ years on job. Prior homeownership experience (No FC or Short Sale). Additional Income received 1+ year not included in ratios |
Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-12-16): Lender Exception with Compensating Factors provided. Reviewer Comment (2024-11-21): CF Update. Reviewer Comment (2024-08-19): Lender exception with compensating factors. |
08/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | N/A | No | ||||||||
| (redacted) | 538 | (redacted) | 33651326 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Copy of appraisal is required to be delivered to borrower within [redacted] business days prior to closing. | Reviewer Comment (2024-09-10): Appraisal sent report document received and updated. Exception Cleared. Buyer Comment (2024-09-09): Proof appraisal delivered to borrower PTC uploaded. Reviewer Comment (2024-09-09): Appraisal received for [redacted]. Value increased on the [redacted]appraisal please provide evidence of delivery to Borrower [redacted] business days prior to closing. Exception remains. Buyer Comment (2024-09-03): Initial appraisal dated [redacted]uploaded. Reviewer Comment (2024-08-26): The [redacted] report was the second appraisal issued. Loan file indicates there was an earlier report. It was delivered [redacted]. Please provide a copy of this report. Delivery on [redacted] of the [redacted]report received. Buyer Comment (2024-08-23): Clerical appraisal proof of delivery uploaded. Please note, clerical appraisals are acceptable to be sent post consummation and can be downgraded and waived to a grade [redacted]. |
09/10/2024 | 1 | B | A | B | A | B | A | B | A | B | A | HI | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 538 | (redacted) | 33651327 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted] %. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-09-10): Appraisal sent report document received and updated. Exception Cleared. Buyer Comment (2024-09-09): Proof appraisal delivered to borrower PTC uploaded. Reviewer Comment (2024-09-09): Appraisal received for [redacted]. Value increased on the [redacted]appraisal please provide evidence of delivery to Borrower [redacted] business days prior to closing. Exception remains. Buyer Comment (2024-09-03): Initial appraisal dated [redacted]uploaded. Reviewer Comment (2024-08-26): The [redacted] report was the second appraisal issued. Loan file indicates there was an earlier report. It was delivered [redacted]. Please provide a copy of this report. Buyer Comment (2024-08-23): Clerical appraisal proof of delivery uploaded. Please note, clerical appraisals are acceptable to be sent post consummation and can be downgraded and waived to a grade [redacted]. |
09/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 538 | (redacted) | 33651328 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Copy of appraisal is required to be delivered to borrower within [redacted] business days prior to closing. | Reviewer Comment (2024-09-10): Appraisal sent report document received and updated. Exception Cleared. Buyer Comment (2024-09-09): Proof appraisal delivered to borrower PTC uploaded. Buyer Comment (2024-09-09): *Reviewer, please clarify which appraisal proof of delivery is required. Buyer Comment (2024-09-09): Initial appraisal uploaded. Reviewer Comment (2024-09-04): Require document is Copy of appraisal is required to be delivered to borrower within [redacted] business days prior to closing. Exception Remains Buyer Comment (2024-09-03): Initial appraisal dated [redacted]uploaded. Reviewer Comment (2024-08-26): The [redacted] report was the second appraisal issued. Loan file indicates there was an earlier report. It was delivered [redacted]. Please provide a copy of this report. Buyer Comment (2024-08-23): Clerical appraisal proof of delivery uploaded. Please note, clerical appraisals are acceptable to be sent post consummation and can be downgraded and waived to a grade 2. |
09/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 538 | (redacted) | 33651329 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Auto installment liability from central pacific bank is a joint liability and there is no document available to verify that this liability is paid by the borrower or not, therefore we have considered this under calculation due to which we are getting this variance. | Reviewer Comment (2024-08-26): Installment debt excluded, exception cleared. Buyer Comment (2024-08-23): Documentation uploaded to specific exception. |
08/26/2024 | 1 | B | A | C | A | B | A | C | A | B | A | HI | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 538 | (redacted) | 33651330 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | Auto installment liability from central pacific bank is a joint liability and there is no document available to verify that this liability is paid by the borrower or not, therefore we have considered this under calculation due to which we are getting this variance. | Reviewer Comment (2024-08-26): Installment debt excluded, exception cleared. Buyer Comment (2024-08-23): Documentation uploaded to specific exception. |
08/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 538 | (redacted) | 33651331 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrow Costs Year 1 Underdisclosed - [redacted] | TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year 1 of on Final Closing Disclosure provided on [redacted] are underdisclosed. | Hurrican insurance is not included in escrow due to which we are getting this exception. | Reviewer Comment (2024-09-10): [redacted] received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2024-09-09): PCCD uploaded. |
09/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | HI | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 538 | (redacted) | 33651333 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Valid change of circumstance is required. | Reviewer Comment (2024-09-10): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2024-09-09): PCCD and payment history reflecting PR uploaded. |
09/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | HI | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 538 | (redacted) | 33651334 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Auto installment liability from central pacific bank is a joint liability and there is no document available to verify that this liability is paid by the borrower or not, therefore we have considered this under calculation due to which we are getting this variance. | Reviewer Comment (2024-08-26): Installment debt excluded, exception cleared. Buyer Comment (2024-08-23): Proof auto installment liability paid by other uploaded. |
08/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 538 | (redacted) | 33651335 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Auto installment liability from central pacific bank is a joint liability and there is no document available to verify that this liability is paid by the borrower or not, therefore we have considered this under calculation due to which we are getting this variance. | Reviewer Comment (2024-08-26): Installment debt excluded, exception cleared. Buyer Comment (2024-08-23): Documentation uploaded to specific exception. |
08/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 538 | (redacted) | 33651336 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2024-08-26): Appraisal sent post close; exception cleared. Exception already added for not sent within [redacted] days. Buyer Comment (2024-08-23): Clerical appraisal proof of delivery uploaded. Please note, clerical appraisals are acceptable to be sent post consummation and can be downgraded and waived to a grade [redacted]. |
08/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 538 | (redacted) | 33651338 | Credit | Missing Document | General | Missing Document | Missing Document: Official Check not provided | Provide source of $[redacted]gift with transfer or gift check. | Reviewer Comment (2025-03-18): Official check provided for gift funds. Exception cleared Buyer Comment (2025-03-17): Proof of gift checks uploaded. |
03/18/2025 | 1 | A | A | A | A | A | HI | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 538 | (redacted) | 33651339 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Provide source of $[redacted]gift with transfer or gift check. | Reviewer Comment (2025-03-18): Official check provided for gift funds. Exception cleared Buyer Comment (2025-03-17): Proof of gift checks uploaded. |
03/18/2025 | 1 | A | A | A | A | A | HI | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 538 | (redacted) | 33651340 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Provide source of $[redacted] gift with transfer or gift check. | Reviewer Comment (2025-03-18): Official check provided for gift funds. Exception cleared Buyer Comment (2025-03-17): Proof of gift checks uploaded. |
03/18/2025 | 1 | A | A | A | A | A | HI | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 539 | (redacted) | 33651342 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Borrower's business in existence is less than [redacted] years, guidelines require [redacted] years on all self-employment Businesses. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Borrower has verified disposable income of at least $[redacted]. Miscellaneous The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Lender Exception with Compensating Factors. Excellent credit management with FICO [redacted] Lender Exception with Compensating Factors. |
Originator,SitusAMC SitusAMC SitusAMC Originator SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-08-27): Lender Exception with Compensating Factors. Buyer Comment (2024-08-23): UPE approved PTC by [redacted] with valid CFs uploaded. Reviewer Comment (2024-08-19): Please provide valid compensating factors for consideration of downgrade/waiving exception. |
08/27/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 539 | (redacted) | 33651343 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Incomplete verification of housing history, guidelines require cancelled checks or bank statements when rents are paid to private party, a Verification of Rents was used. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Borrower has verified disposable income of at least $[redacted]. Miscellaneous The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Lender Exception with Compensating Factors. Excellent credit management with FICO [redacted] Lender Exception with Compensating Factors. |
Originator,SitusAMC SitusAMC SitusAMC Originator SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-08-27): Lender Exception with Compensating Factors. Buyer Comment (2024-08-23): UPE approved PTC by [redacted] with valid CFs uploaded. Reviewer Comment (2024-08-19): Please provide valid compensating factors for consideration of downgrade/waiving exception. |
08/27/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 539 | (redacted) | 33651344 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Borrower's business in existence is less than [redacted] years, guidelines require [redacted] years on all self-employment Businesses. | Reviewer Comment (2024-08-27): Lender Exception with Compensating Factors, documents received, system cleared. |
08/27/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 539 | (redacted) | 33651345 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Borrower's business in existence is less than [redacted] years, guidelines require [redacted] years on all self-employment Businesses. Incomplete verification of housing history, guidelines require cancelled checks or bank statements when rents are paid to private party, a Verification of Rents was used. | Reviewer Comment (2024-08-27): Lender Exception with Compensating Factors, documents received, system cleared. |
08/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 539 | (redacted) | 33651346 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Borrower's business in existence is less than [redacted]years, guidelines require [redacted] years on all self-employment Businesses. | Reviewer Comment (2024-08-27): Lender Exception with Compensating Factors, documents received, system cleared. |
08/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 539 | (redacted) | 33651347 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations C. indicates borrower is borrowing money for this transaction. The borrowed funds are not documented and/or do not meet guideline requirements. | - | The 1003 reflects the Borrower borrowing funds in the amount of $[redacted]. | Reviewer Comment (2024-09-11): [Redacted] 1003 provided with amount $[Redacted] . , Exception cleared Buyer Comment (2024-09-05): The [Redacted] is not required to be re-executed. Please escalate to [Redacted] . Reviewer Comment (2024-09-04): Exception Remains - Provided [Redacted] is not signed and dated by borrower, Required [Redacted] signed and dated by borrower on note date with removing borrower funds on declaration section. Buyer Comment (2024-09-03): Revised [Redacted] uploaded removing borrowed funds marked in error. |
09/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 539 | (redacted) | 33651348 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Borrower's business in existence is less than [redacted] years, guidelines require[redacted] years on all self-employment Businesses. Incomplete verification of housing history, guidelines require cancelled checks or bank statements when rents are paid to private party, a Verification of Rents was used. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Borrower has verified disposable income of at least $[redacted]. Miscellaneous The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Lender Exception with Compensating Factors. Excellent credit management with FICO [redacted] Lender Exception with Compensating Factors. |
Originator,SitusAMC SitusAMC SitusAMC Originator SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-08-27): Lender Exception with Compensating Factors. Buyer Comment (2024-08-23): UPE approved PTC by [redacted] with valid CFs uploaded. |
08/27/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 540 | (redacted) | 33651351 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within three ([redacted]) business days of application. | Affiliated Business Arrangement Disclosure was not provided within guidelines. | Reviewer Comment (2024-08-23): Doc provided. System Cleared. Buyer Comment (2024-08-21): Please see the initial Affiliated Business Arrangement Disclosure signed and dated by the borrower on [Redacted] . Application date [Redacted] |
08/23/2024 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 540 | (redacted) | 33651354 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | Ten Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-09-05): [Redacted] received PCCD, Letter of Explanation and Payment history for the evidence of Principal Reduction resulting in a cured the exception. Buyer Comment (2024-09-04): PCCD and payment history reflecting PR uploaded. Reviewer Comment (2024-08-23): [Redacted] received changed circumstance indicating New Interest Rate Chosen. It is unclear how the Interest rate change impacted the recording fees as the fees are typically a flat fee and a per page charge. Additional information on how the Rate change impacted recording or a cure is required. Buyer Comment (2024-08-21): No Cured is needed. increased in Recording fees from $[Redacted] to $[Redacted] were caused by to Interest Rate Increase Chosen and price Change due to New Rate Selection. Please see the attached documents that include the CD dated [Redacted] , valid COC, and Proof of delivery |
09/05/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 541 | (redacted) | 33651356 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | The file is missing copy of FACTA Credit Score Disclosure. | Buyer Comment (2024-08-30): Approve |
08/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 541 | (redacted) | 33651361 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee disclosed as $[redacted]on LE dated [redacted], but disclosed as $[redacted]on Final Closing Disclosure. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-09-06): [Redacted] received PCCD, Letter of Explanation and Payment history for the evidence of Principal Reduction resulting in a cured the exception. Buyer Comment (2024-09-04): PCCD and payment history reflecting PR uploaded. |
09/06/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 541 | (redacted) | 33651362 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2024-09-06): Final title policy provided |
09/06/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 541 | (redacted) | 33651363 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (No evidence that borrower received copies of all documents signed at closing) | [redacted] Constitution Section 50(a)(6): [redacted] Cash-out Loan. No evidence that borrower(s) received copies of all documents signed at time of closing. | No evidence that borrower(s) received copies of all documents signed at time of closing. | Reviewer Comment (2024-09-06): Documents received, system cleared. Buyer Comment (2024-08-30): Proof borrower received all [redacted] disclosures uploaded. |
09/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | Either Deliver the required documents to the borrower or refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 541 | (redacted) | 33651364 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Provided) | [redacted] Constitution Section 50(a)(6): Borrower did not receive written "Acknowledgment of the Fair Market Value" of homestead property securing loan. | Borrower did not receive written "Acknowledgment of the Fair Market Value" of homestead property securing loan. | Reviewer Comment (2024-09-06): Documents received, system cleared. Buyer Comment (2024-08-30): Disclosure uploaded. |
09/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 541 | (redacted) | 33651365 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) | Unable to determine whether the loan contains a T-42 and T-42.1 Endorsement due to missing information. | Unable to determine whether the loan contains a T-42 and T-42.1 Endorsement due to missing information. | Reviewer Comment (2024-09-06): Documents received, system cleared. Buyer Comment (2024-08-30): Final title policy uploaded. |
09/06/2024 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 541 | (redacted) | 33651366 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Provided) | Unable to test fair market acknowledgment due to missing information. | Lender signed document but missing date signed. | Reviewer Comment (2024-09-19): Document provided. Buyer Comment (2024-09-11): Disclosure signed and dated uploaded. |
09/19/2024 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 542 | (redacted) | 33651367 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Reserve requirement not met, Cashout received can cover [redacted]months of reserve, guideline requires [redacted] months reserves. | Reviewer Comment (2024-08-29): Post close CD shows cash back to borrower which suffice reserves requirement . Exception cleared Buyer Comment (2024-08-28): Please see image [Redacted] , CD dated[Redacted] reflecting cash back to borrower of $[Redacted] . Borrower meets [Redacted] months reserves requirement. |
08/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 542 | (redacted) | 33651368 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Maximum LTV for [redacted]Fico Score is [redacted]%, Loan LTV [redacted]% exceeds guideline requirement. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2024-08-20): Lender Exception with Compensating Factors. |
08/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 542 | (redacted) | 33651369 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Maximum LTV for [redacted]Fico Score is [redacted]%, Loan LTV [redacted]% exceeds guideline requirement. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2024-08-20): Lender Exception with Compensating Factors. |
08/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 542 | (redacted) | 33651370 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reserve requirement not met, Cashout received can cover [redacted] months of reserve, guideline requires [redacted] months reserves. | Reviewer Comment (2024-08-29): Post close CD shows cash back to borrower which suffice reserves requirement . Exception cleared Buyer Comment (2024-08-28): Please see image [Redacted] , CD dated [Redacted] reflecting cash back to borrower of $[Redacted] . Borrower meets [Redacted] months reserves requirement. |
08/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 542 | (redacted) | 33651371 | Compliance | Compliance | Federal Compliance | FACTA | Federal FACTA Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | FACTA Disclosure was not provided to Borrower within three days of application date. | Buyer Comment (2024-08-28): Approve |
08/28/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 542 | (redacted) | 33651374 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to reserve requirement not met. | Reviewer Comment (2024-08-29): Post close CD shows cash back to borrower which suffice reserves requirement . Exception cleared Buyer Comment (2024-08-28): Please see image [Redacted] , CD dated[Redacted] reflecting cash back to borrower of $[Redacted] . Borrower meets [Redacted] months reserves requirement. |
08/29/2024 | 1 | B | A | C | A | B | A | C | A | B | A | GA | Primary | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 542 | (redacted) | 33651375 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to reserve requirement not met. | Reviewer Comment (2024-08-29): Post close CD shows cash back to borrower which suffice reserves requirement . Exception cleared Buyer Comment (2024-08-28): Please see image [Redacted] , CD dated [Redacted] reflecting cash back to borrower of $[Redacted] . Borrower meets [Redacted] months reserves requirement. |
08/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 542 | (redacted) | 33651376 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted] ): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to reserve requirement not met. | Reviewer Comment (2024-08-29): Post close CD shows cash back to borrower which suffice reserves requirement . Exception cleared Buyer Comment (2024-08-28): Please see image [Redacted] , CD dated[Redacted] reflecting cash back to borrower of $[Redacted] . Borrower meets [Redacted] months reserves requirement. |
08/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 543 | (redacted) | 33651380 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2024-08-29): POCB updated in assets as per appraisal and Insurance invoice received which suffice reserves requirement .Exception cleared Buyer Comment (2024-08-28): Appraisal and Hazard invoices showing paid with a credit card. Verified assets $[Redacted] , CTC $[Redacted] . Reserves $[Redacted] ([Redacted] months) meets guideline requirements. |
08/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 543 | (redacted) | 33651381 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2024-08-29): POCB updated in assets as per appraisal and Insurance invoice received which suffice reserves requirement .Exception cleared Buyer Comment (2024-08-28): Appraisal and Hazard invoices showing paid with a credit card. Verified assets $[Redacted] , CTC $[Redacted] . Reserves $[Redacted] ([Redacted] months) meets guideline requirements. |
08/29/2024 | 1 | B | A | C | A | B | A | C | A | B | A | MI | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 543 | (redacted) | 33651382 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2024-08-29): POCB updated in assets as per appraisal and Insurance invoice received which suffice reserves requirement .Exception cleared Buyer Comment (2024-08-28): Appraisal and Hazard invoices showing paid with a credit card. Verified assets $[Redacted] , CTC $[Redacted] . Reserves $[Redacted] ([Redacted] months) meets guideline requirements. |
08/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 543 | (redacted) | 33651383 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2024-08-29): POCB updated in assets as per appraisal and Insurance invoice received which suffice reserves requirement .Exception cleared Buyer Comment (2024-08-28): Appraisal and Hazard invoices showing paid with a credit card. Verified assets $[Redacted] , CTC $[Redacted] . Reserves $[Redacted] ([Redacted] months) meets guideline requirements. |
08/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 543 | (redacted) | 33651384 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2024-08-29): POCB updated in assets as per appraisal and Insurance invoice received which suffice reserves requirement .Exception cleared Buyer Comment (2024-08-28): Appraisal and Hazard invoices showing paid with a credit card. Verified assets $[Redacted] , CTC $[Redacted] . Reserves $[Redacted] ([Redacted] months) meets guideline requirements. |
08/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 544 | (redacted) | 33651386 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Buyer Comment (2024-09-10): Approve |
09/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 544 | (redacted) | 33651388 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Reviewer Comment (2024-09-17): [Redacted] received Letter of Explanation, Proof of Delivery, Corrected CD. Buyer Comment (2024-09-16): PCCD, cure check and proof of delivery uploaded. |
09/17/2024 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 544 | (redacted) | 33651389 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted]is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted]which exceeds the $[redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted]is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted]which exceeds the $[redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Reviewer Comment (2024-09-17): [redacted] received Letter of Explanation, Proof of Delivery, Corrected CD. Buyer Comment (2024-09-16): PCCD, cure check and proof of delivery uploaded. |
09/17/2024 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 544 | (redacted) | 33651392 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Maximum Loan Amount discrepancy. | Note loan amount of ___ is greater than Guideline maximum loan amount of ___. | Lender Exception approved to allow loan amount above guideline lilmit. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Borrower has [redacted]+ years on job. Residual income > $[readcted] Qualifying Ratios of [redacted] or less Excellent Credit Management with FICO [redacted] |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-12-16): Excellent Credit Management with FICO [Redacted] + Reviewer Comment (2024-09-04): Lender exception with compensating factors. |
09/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 544 | (redacted) | 33651393 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Source of $[redacted]large deposit into account [redacted]is missing from the loan file. | Reviewer Comment (2024-09-22): Documents received, system cleared. Buyer Comment (2024-09-12): Please note, $[Redacted] deposit is < [Redacted] % of the borrower's qualifying income :($[Redacted] per month). Please refer to guidelines below. Supporting documentation should be obtained for single, unexplained deposits that exceed [Redacted] % of the borrower's gross monthly qualifying income for the loan. |
09/22/2024 | 1 | B | A | C | A | B | A | C | A | B | A | GA | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 544 | (redacted) | 33651394 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Assets | Ability to Repay (Dodd-Frank [redacted]): Unable to verify assets using reasonably reliable third-party records. | Source of $[redacted]large deposit into account [redacted]is missing from the loan file. | Reviewer Comment (2024-09-22): Documents received, system cleared. Buyer Comment (2024-09-12): Please note, $[Redacted] deposit is < [Redacted] % of the borrower's qualifying income :($[Redacted] per month). Please refer to guidelines below. Supporting documentation should be obtained for single, unexplained deposits that exceed [Redacted] % of the borrower's gross monthly qualifying income for the loan. |
09/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 544 | (redacted) | 33651395 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. | Source of $[redacted]large deposit into account [redacted]is missing from the loan file. | Reviewer Comment (2024-09-22): Documents received, system cleared. |
09/22/2024 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 544 | (redacted) | 33651396 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | The appraisal fee increased to $[redacted] without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-09-16): [Redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2024-09-12): PCCD and payment history reflecting PR uploaded. |
09/16/2024 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 544 | (redacted) | 33651397 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Credit Report fee increased to $[redacted]without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-09-16): [Redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2024-09-12): PCCD and payment history reflecting PR uploaded. |
09/16/2024 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 545 | (redacted) | 33651404 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO [redacted]% Method | Ability to Repay (Dodd-Frank [redacted]): Unable to verify Real Estate Owned income ([redacted]% Method) using reasonably reliable third-party records. | The loan file is missing the lease agreement and receipt of rents for REO property [redacted] [redacted]. | Reviewer Comment (2024-09-13): 1025 received for Reo property -[Redacted] . Details verified and updated. Exception cleared. Buyer Comment (2024-09-11): 1025 for [Redacted] uploaded. |
09/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | C | A | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 545 | (redacted) | 33651405 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [redacted] ): General Ability-to-Repay requirements not satisfied. | The loan file is missing the lease agreement and receipt of rents for REO property [redacted] [redacted]. | Reviewer Comment (2024-09-13): 1025 received for Reo property - [Redacted] . Details verified and updated. Exception cleared. |
09/13/2024 | 1 | A | A | A | A | A | A | A | A | A | A | IL | Investment | Purchase | C | A | C | A | C | A | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 545 | (redacted) | 33651406 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The loan file is missing the lease agreement and receipt of rents for REO property [redacted][redacted]. | Reviewer Comment (2024-09-13): 1025 received for Reo property - [Redacted] . Details verified and updated. Exception cleared. Buyer Comment (2024-09-11): 1025 for [Redacted] uploaded. |
09/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | C | A | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 545 | (redacted) | 33651407 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The loan file is missing the lease agreement and receipt of rents for REO property [redacted] [redacted]. | Reviewer Comment (2024-09-13): 1025 received for Reo property -[Redacted] . Details verified and updated. Exception cleared. Buyer Comment (2024-09-11): 1025 for [Redacted] uploaded. |
09/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | C | A | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 545 | (redacted) | 33651408 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The loan file is missing the lease agreement and receipt of rents for REO property [redacted][redacted]. | Reviewer Comment (2024-09-13): 1025 received for Reo property - [Redacted] . Details verified and updated. Exception cleared. Buyer Comment (2024-09-11): 1025 for [Redacted] uploaded. |
09/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | C | A | A | A | Non QM | N/A | No | |||||||||||
| (redacted) | 546 | (redacted) | 33651410 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2024-09-06): UCDP score provided exception cleared. Buyer Comment (2024-09-04): Secondary valuation CU with a score of [Redacted] and meets guideline requirements uploaded. |
09/06/2024 | 1 | D | A | D | A | D | A | D | A | D | A | IA | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 548 | (redacted) | 33651417 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Form 1007 or 1025, with Market Rents, Lease Agreement for [redacted] [redacted]. not provided. | Reviewer Comment (2024-09-13): Comparable rent schedule received for Reo property - [Redacted] Details verified and updated. Exception cleared. Buyer Comment (2024-09-11): 1007 for [Redacted] uploaded. |
09/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | C | A | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 548 | (redacted) | 33651418 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Form 1007 or 1025, with Market Rents, Lease Agreement for [redacted]. not provided. | Reviewer Comment (2024-09-13): Comparable rent schedule received for Reo property - [redacted]. Details verified and updated. Exception cleared. Buyer Comment (2024-09-11): 1007 for [Redacted] uploaded. |
09/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | C | A | A | A | Non QM | N/A | No | |||||||||||
| (redacted) | 548 | (redacted) | 33651419 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO [redacted] % Method | Ability to Repay (Dodd-Frank [redacted]): Unable to verify Real Estate Owned income ([redacted]% Method) using reasonably reliable third-party records. | Form 1007 or 1025, with Market Rents, Lease Agreement for 1933 [redacted]. not provided. | Reviewer Comment (2024-09-13): Comparable rent schedule received for Reo property - [Redacted] . Details verified and updated. Exception cleared. Buyer Comment (2024-09-11): 1007 for [Redacted] uploaded. |
09/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | C | A | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 548 | (redacted) | 33651420 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Form 1007 or 1025, with Market Rents, Lease Agreement for 1933 [redacted]. not provided. | Reviewer Comment (2024-09-13): Comparable rent schedule received for Reo property - [Redacted] . Details verified and updated. Exception cleared. Buyer Comment (2024-09-11): 1007 for [Redacted] uploaded. |
09/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | C | A | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 548 | (redacted) | 33651421 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. | Form 1007 or 1025, with Market Rents, Lease Agreement for 1933 [redacted]. not provided. | Reviewer Comment (2024-09-13): Comparable rent schedule received for Reo property - [Redacted] . Details verified and updated. Exception cleared. |
09/13/2024 | 1 | A | A | A | A | A | A | A | A | A | A | IL | Investment | Purchase | C | A | C | A | C | A | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 548 | (redacted) | 33651422 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Form 1007 or 1025, with Market Rents, Lease Agreement for 1933 [redacted]. not provided. | Reviewer Comment (2024-09-13): Comparable rent schedule received for Reo property - [Redacted] . Details verified and updated. Exception cleared. Buyer Comment (2024-09-11): 1007 for[Redacted] uploaded. |
09/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | C | A | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 549 | (redacted) | 33651426 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Only proof of initial appraisal provided to borrower. Still need proof final appraisal report dated [redacted] was provided to borrower. | Buyer Comment (2024-09-04): Approve |
09/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 550 | (redacted) | 33651430 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | RESPA Initial Escrow Account Disclosure Compliant Test | Buyer Comment (2024-09-04): Approve |
09/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Rate/Term | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 550 | (redacted) | 33651431 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Hazard Insurance Policy expires within [redacted] days of the Note Date. | Hazard Insurance Policy expires within [redacted] days of the Note Date. | Reviewer Comment (2024-09-09): Updated, continuation of coverage. Exception cleared. Buyer Comment (2024-09-04): Please see images [Redacted] and [Redacted] , both policies are from[Redacted] - [Redacted] and [Redacted] - [Redacted] . |
09/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Rate/Term | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 551 | (redacted) | 33651433 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title Evidence: ___ | Reviewer Comment (2024-10-01): Final Title document received. - Exception Cleared. |
10/01/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 551 | (redacted) | 33651434 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary Title does not contain the loan coverage. | Reviewer Comment (2024-10-01): Final Title document received. - Exception Cleared. Buyer Comment (2024-09-30): Final title policy uploaded. |
10/01/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 552 | (redacted) | 33651438 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title Evidence: ___ | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Excellent Credit Management with FICO [redacted]+ Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-09-10): Lender Exception with Compensating Factors. |
09/10/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 552 | (redacted) | 33651439 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard insurance coverage is short $[redacted] provide policy reflecting sufficient coverage or replacement cost estimator. | Reviewer Comment (2024-10-07): Dwelling Coverage amount + Extended replacement cost exceeds loan amount which is sufficient .Exception cleared Buyer Comment (2024-10-04): Loan amount is $[Redacted] , coverage reflects $[Redacted] which exceeds the loan amount and is sufficient coverage. Reviewer Comment (2024-10-01): We still getting shortfall for $[Redacted] please provide replacement coverage document, Exception remains. Buyer Comment (2024-09-30): Please see image [Redacted] of initial package. Hazard insurance reflects dwelling coverage of $[Redacted] and meets guideline requirements. |
10/07/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 552 | (redacted) | 33651440 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Buyer Comment (2024-09-30): Approve |
09/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 552 | (redacted) | 33651444 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted]exceeds tolerance of $-[redacted]. Insufficient or no cure was provided to the borrower. | Lender Credits. Final Lender Credit of $[redacted]exceeds tolerance of $-[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-10-07): [Redacted] received valid Changed circumstance datedv. Buyer Comment (2024-10-04): Corrected Disclosure Tracking details reflecting VCOC. Please refer to image [Redacted] approval reflecting the UPE approved [Redacted] . Reviewer Comment (2024-10-01): [Redacted] received COC dated [Redacted] , however there is no CD available in file within [Redacted] days of COC. Please provide any missing CD sent within [Redacted] days of COC. Buyer Comment (2024-09-30): Disclosure tracking details reflecting VCOC uploaded. |
10/07/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 552 | (redacted) | 33651445 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-10-07): [Redacted] received valid Changed circumstance dated [Redacted] . Buyer Comment (2024-10-04): Corrected Disclosure Tracking details reflecting VCOC. Please refer to image [Redacted] approval reflecting the UPE approved [Redacted] . Reviewer Comment (2024-10-01): [Redacted] received COC dated[Redacted] , however there is no CD available in file within[Redacted] days of COC. Please provide any missing CD sent within [Redacted] days of COC. Buyer Comment (2024-09-30): Disclosure tracking details reflecting VCOC uploaded. |
10/07/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 552 | (redacted) | 33651446 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | HUD-1 total cash-out of ___ is greater than Guideline total cash-out of ___. | Lender Exception in file allowing total cash-out exceeding guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Excellent Credit Management with FICO [redacted]+ Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-09-10): Lender Exception with Compensating Factors. |
09/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 552 | (redacted) | 33651447 | Compliance | Compliance | Federal Compliance | Compliance | Disclosed Note P&I payment does not equal calculated P&I payment | Disclosed Note P&I payment does not equal calculated P&I payment. Note P&I of $[redacted] does not match calculated P&I of $[redacted]. Note P&I was used for the APR calculation and compliance testing. | Note has a interest only payment but it is not an interest only note. Closing documents also indicate an interest only loan. | Reviewer Comment (2024-10-23): IO note provided, system cleared. Buyer Comment (2024-10-21): Re-executed note and deed uploaded reflecting IO. Exception no longer applies. |
10/23/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 552 | (redacted) | 33651448 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Qualification Method not Matching ATR | Ability to Repay (Dodd-Frank [redacted]): The Qualification Method used by the lender does not match the ATR payment calculation methods under 1026.43(c)(5). | Note has a interest only payment but it is not an interest only note. Closing documents also indicate an interest only loan. | Buyer Comment (2024-09-30): Approve |
09/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 552 | (redacted) | 33651449 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure AP Table Interest Only Payment Period | TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Interest Only Payments Period. | Note has a interest only payment but it is not an interest only note. Closing documents also indicate an interest only loan. | Reviewer Comment (2024-10-23): IO note provided, system cleared. Buyer Comment (2024-10-21): Re-executed note and deed uploaded reflecting IO. Exception no longer applies. |
10/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 552 | (redacted) | 33651450 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure AP Table Maximum Payment | TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on [redacted] disclosed a Maximum Payment amount and period that does not match the actual terms for the loan. | Note has a interest only payment but it is not an interest only note. Closing documents also indicate an interest only loan. | Reviewer Comment (2024-10-23): IO note provided, system cleared. Buyer Comment (2024-10-21): Re-executed note and deed uploaded reflecting IO. Exception no longer applies. |
10/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 552 | (redacted) | 33651451 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure AP Table Subsequent Changes Test | TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on [redacted] disclosed a Subsequent Changes period that does not match the actual terms for the loan. | Note has a interest only payment but it is not an interest only note. Closing documents also indicate an interest only loan. | Reviewer Comment (2024-10-23): IO note provided, system cleared. Buyer Comment (2024-10-21): Re-executed note and deed uploaded reflecting IO. Exception no longer applies. |
10/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 552 | (redacted) | 33651452 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Payment Max Amount | TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an increasing payment disclosed the maximum possible amount of principal and interest that does not match the actual maximum amount for the loan. | Note has a interest only payment but it is not an interest only note. Closing documents also indicate an interest only loan. | Reviewer Comment (2024-10-23): IO note provided, system cleared. Buyer Comment (2024-10-21): Re-executed note and deed uploaded reflecting IO. Exception no longer applies. |
10/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 552 | (redacted) | 33651453 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Payment Max Amount In Year | TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] with an increasing payment disclosed the earliest date of the maximum possible amount of principal and interest that does not match the actual earliest date for the loan. | Note has a interest only payment but it is not an interest only note. Closing documents also indicate an interest only loan. | Reviewer Comment (2024-10-23): IO note provided, system cleared. Buyer Comment (2024-10-21): *Re-executed note and deed uploaded reflecting IO. Exception no longer applies. Buyer Comment (2024-10-21): [Redacted] |
10/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 552 | (redacted) | 33651454 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | (Missing Doc) Missing Note Addendum: Note P&I does not match calculated P&I | Note has a interest only payment but it is not an interest only note. Closing documents also indicate an interest only loan. | Reviewer Comment (2024-10-23): IO note provided, cleared. Buyer Comment (2024-10-21): Re-executed note and deed reflecting IO uploaded. Exception no longer applies. |
10/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 552 | (redacted) | 33651455 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The 1003 reflects total debt for the Brookside property as $[redacted], yet tax and insurance information provided only shows $[redacted]in debt. Provide documentation for additional $[redacted]in debt on the property. | Reviewer Comment (2024-12-18): Revised 1003 provided reflecting monthly debt for Brookside property. Buyer Comment (2024-12-11): Revised 1003 reflecting correct monthly debt for Brookside property. 1003 is not required to be signed. |
12/18/2024 | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 553 | (redacted) | 33651462 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Per guideline [redacted] month consecutive bank statement is required. File is missing [redacted], [redacted]statement. | Reviewer Comment (2024-10-02): Bank statement provided, exception cleared. Buyer Comment (2024-09-27): Please see the attached documents which include: the[Redacted] Bank statement from[Redacted] , the New Income calculator reflecting correct income from the borrower, Update 1008, 1003, and Loan approval showing correct information. |
10/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 553 | (redacted) | 33651463 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Per guideline [redacted] month consecutive bank statement is required. File is missing [redacted], [redacted]statement. | Reviewer Comment (2024-10-02): Bank statement provided, system cleared. Buyer Comment (2024-09-27): Please see the attached documents which include: the [Redacted] Bank statement from[Redacted] , the New Income calculator reflecting correct income from the borrower, Update 1008, 1003, and Loan approval showing correct information |
10/02/2024 | 1 | B | A | C | A | B | A | C | A | B | A | NC | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 553 | (redacted) | 33651464 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Per guideline [redacted]month consecutive bank statement is required. File is missing [redacted], [redacted]statement. | Reviewer Comment (2024-10-02): Bank statement provided, system cleared. Buyer Comment (2024-09-27): Please see the attached documents which include: the[Redacted] Bank statement from [redacted], the New Income calculator reflecting correct income from the borrower, Update 1008, 1003, and Loan approval showing correct information |
10/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 553 | (redacted) | 33651465 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Per guideline [redacted]month consecutive bank statement is required. File is missing [redacted], [redacted]statement. | Reviewer Comment (2024-10-02): Bank statement provided, exception cleared. Buyer Comment (2024-09-27): Please see the attached documents which include: the[Redacted] Bank statement from[Redacted] , the New Income calculator reflecting correct income from the borrower, Update 1008, 1003, and Loan approval showing correct information |
10/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 553 | (redacted) | 33651466 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Per guideline [redacted]month consecutive bank statement is required. File is missing [redacted], [redacted]statement. | Reviewer Comment (2024-10-02): Bank statement provided, system cleared. Buyer Comment (2024-09-27): Please see the attached documents which include: the[Redacted] Bank statement from [Redacted] , the New Income calculator reflecting correct income from the borrower, Update 1008, 1003, and Loan approval showing correct information |
10/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 554 | (redacted) | 33651468 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted] ) business days prior to consummation. | Creditor did not provide a copy of each valuation (Report Date [redacted]) to applicant three ([redacted]) business days prior to consummation. | Buyer Comment (2024-09-24): Approve Reviewer Comment (2024-09-23): EV2 exception. Exception was down graded to EV2 once post closing appraisal delivery provided. Buyer Comment (2024-09-12): Proof revised clerical appraisal [Redacted] delivered. Please note, it is acceptable to have the clerical appraisal delivered post note date. If you have questions, please escalate to [Redacted] . |
09/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 554 | (redacted) | 33651469 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted]Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-09-23): Documents received, system cleared. Buyer Comment (2024-09-12): Proof revised clerical appraisal [Redacted] delivered. Please note, it is acceptable to have the clerical appraisal delivered post note date. If you have questions, please escalate to [Redacted] . |
09/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 554 | (redacted) | 33651470 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation (Report Date [redacted]) to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2024-09-23): Documents received, system cleared. Buyer Comment (2024-09-16): Please escalate to [Redacted] . Reviewer Comment (2024-09-13): As per provided document appraisal date is [Redacted] which is not [Redacted] business days prior to consumption date, Exception remains Buyer Comment (2024-09-12): Proof revised clerical appraisal [Redacted] delivered. Please note, it is acceptable to have the clerical appraisal delivered post note date. If you have questions, please escalate to[Redacted] . |
09/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 554 | (redacted) | 33651472 | Compliance | Loan Package Documentation | Closing / Title | Loan Package Documentation | (Doc Error) Security Instrument Error: Notary Date was not provided | Notary date not present, estimated consummation date used for testing purposes. | Buyer Comment (2024-09-24): Approve Reviewer Comment (2024-09-23): EV2 exception. Recorded Security Instrument still does not have Notary date completed. Buyer Comment (2024-09-12): Recorded DOT uploaded. |
09/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 554 | (redacted) | 33651474 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of revised valuation to applicant three ([redacted]) business days prior to consummation. | Buyer Comment (2024-09-24): Approve Reviewer Comment (2024-09-23): EV2 exception. Exception was down graded to EV2 once post closing appraisal delivery provided. |
09/24/2024 | 2 | B | B | B | B | B | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 555 | (redacted) | 33651478 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Rural Property. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous Miscellaneous |
[redacted]+ years on job. Residual income > $[readcted] Prior homeownership experience (No FC or Short Sale). Low housing ratio of [redacted]% or less. |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-09-10): Lender exception with compensating factors. |
09/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 555 | (redacted) | 33651479 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Rural Property. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous Miscellaneous |
[redacted]+ years on job. Residual income > $[readcted] Prior homeownership experience (No FC or Short Sale). Low housing ratio of [redacted]% or less. |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-09-10): Lender exception with compensating factors. |
09/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 556 | (redacted) | 33651480 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | Appraisal transfer letter is missing. | Buyer Comment (2024-09-17): Approve |
09/17/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Purchase | C | B | C | A | B | B | B | B | N/A | N/A | No | ||||||||||
| (redacted) | 556 | (redacted) | 33651482 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least three ([redacted]) business days prior to closing, and appraisal was not provided at or before closing. | File is missing evidence of receipt of Appraisal report. | Buyer Comment (2024-09-17): Approve |
09/17/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Purchase | C | B | C | A | B | B | B | B | N/A | N/A | No | ||||||||||
| (redacted) | 556 | (redacted) | 33651483 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception in file for DTI greater than [redacted]% ([redacted]%). I am off total debt by $[redacted]and have a DTI of [redacted]%. Final 1003 shows an Ally installment debt payment of $[redacted]/month but [redacted] credit report shows that same debt paid off with a $[redacted] balance. Please provide documentation for all debt included in DTI to confirm lender exception for DTI great than [redacted]%. Subject property $[redacted] (PITI) but -$[redacted] qualifying income.. Primary property $[redacted] $[redacted] PITIA. Revolving debt of $[redacted]. | Reviewer Comment (2024-09-27): Revised approval and 1008 provided, exception cleared. Buyer Comment (2024-09-24): Monthly hazard $[Redacted] , HOA $[Redacted] , taxes $[Redacted] = $[Redacted] , $[Redacted] = total neg rents of $[Redacted] . Reviewer Comment (2024-09-24): Payment on 1003 for [Redacted] does not include taxes, insurance HOA . Total payment $[Redacted] . Buyer Comment (2024-09-17): Revised 1003, 1008 and loan approval reflecting updated DTI. |
09/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | C | B | C | A | B | B | B | B | N/A | N/A | No | |||||||||||
| (redacted) | 557 | (redacted) | 33651485 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Provide evidence the [redacted] report was provided to the borrower. | Buyer Comment (2024-10-04): Approve Reviewer Comment (2024-10-02): Post close appraisal delivery received. Exception remains an EV2. Buyer Comment (2024-09-26): Proof appraisal delivered to the borrower uploaded. |
10/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 558 | (redacted) | 33651487 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Buyer Comment (2024-09-19): Approve Buyer Comment (2024-09-13): Initial appraisal and proof revised clerical appraisal [Redacted] delivered to the borrower. Please note, it is acceptable for a clerical appraisal to be delivered to borrower post note date. Please escalate to [Redacted] if you are unable to clear exception. |
09/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 558 | (redacted) | 33651488 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted]Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-09-19): Proof of Initial Appraisal is received. Exception Cleared. Buyer Comment (2024-09-13): Initial appraisal and proof revised clerical appraisal [Redacted] delivered to the borrower. Please note, it is acceptable for a clerical appraisal to be delivered to borrower post note date. Please escalate to [Redacted] if you are unable to clear exception. |
09/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 558 | (redacted) | 33651489 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2024-09-19): Proof of Initial Appraisal is received. Exception Cleared. Buyer Comment (2024-09-13): Initial appraisal and proof revised clerical appraisal [Redacted] delivered to the borrower. Please note, it is acceptable for a clerical appraisal to be delivered to borrower post note date. Please escalate to [Redacted] if you are unable to clear exception. Buyer Comment (2024-09-13): Initial appraisal and proof revised clerical appraisal [Redacted] delivered to the borrower. Please note, it is acceptable for a clerical appraisal to be delivered to borrower post note date. Please escalate to [Redacted] if you are unable to clear exception. |
09/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 558 | (redacted) | 33651492 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of revised valuation to applicant three ([redacted]) business days prior to consummation. | Verification final appraisal report was delivered to borrower at least [redacted] business days prior to closing was not provided. | Buyer Comment (2024-09-19): Approve |
09/19/2024 | 2 | B | B | B | B | B | GA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 560 | (redacted) | 33651495 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | The loan file does not contain two months of statements for account ending in [redacted]used for closing costs and reserves. | Reviewer Comment (2024-09-18): Letter of explanation received stating borrower became member as of [Redacted] and have sufficient account balance. Exception cleared Buyer Comment (2024-09-13): Please see page [Redacted] of uploaded document. LOE from Delta Community CU stating borrower became a member as of [Redacted] . No additional statement available or required. |
09/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 560 | (redacted) | 33651499 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The loan file does not contain two months of statements for account ending in [redacted]used for closing costs and reserves as required by guidelines. | Reviewer Comment (2024-09-24): Verified account just opened on [Redacted] and verified funds deposited was from proceeds of a recently sold REO. Buyer Comment (2024-09-13): Please see page [Redacted] of uploaded document. LOE from Delta Community CU stating borrower became a member as of [Redacted] . No additional statement available or required. |
09/24/2024 | 1 | B | A | C | A | B | A | C | A | B | A | GA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 560 | (redacted) | 33651500 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The loan file does not contain two months of statements for account ending in [redacted]used for closing costs and reserves as required by guidelines. | Reviewer Comment (2024-09-18): Letter of explanation received stating borrower became member as of [Redacted] and have sufficient balance. Exception cleared Buyer Comment (2024-09-13): Please see page [Redacted] of uploaded document. LOE from Delta Community CU stating borrower became a member as of[Redacted] . No additional statement available or required. |
09/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 560 | (redacted) | 33651501 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The loan file does not contain two months of statements for account ending in [redacted]used for closing costs and reserves as required by guidelines. | Reviewer Comment (2024-09-24): Verified account just opened on [Redacted] and verified funds deposited was from proceeds of a recently sold REO. Buyer Comment (2024-09-13): Please see page [Redacted] of uploaded document. LOE from Delta Community CU stating borrower became a member as of [Redacted] . No additional statement available or required. |
09/24/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 560 | (redacted) | 33651502 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | The loan file does not contain two months of statements for account ending in [redacted]used for closing costs and reserves as required by guidelines. | Reviewer Comment (2024-09-18): Letter of explanation received stating borrower became member as of[Redacted] and have sufficient account balance. Exception cleared Buyer Comment (2024-09-13): Please see page [Redacted] of uploaded document. LOE from Delta Community CU stating borrower became a member as of[Redacted] . No additional statement available or required. |
09/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 561 | (redacted) | 33651503 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Appraisal not provided to Borrower(s) at least three ([redacted]) business days prior to closing | Buyer Comment (2024-10-10): Available documentation has been provided. Reviewer Comment (2024-10-10): Document provided does not reflect two PDF attachments as appraisals were dated [Redacted] and [Redacted] . This document was used for delivery of the [Redacted] report. Buyer Comment (2024-10-03): Delivery request trail attached. |
10/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Limited Cash-out GSE | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 561 | (redacted) | 33651504 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Appraisal not provided to Borrower(s) at least three ([redacted]) business days prior to closing | Buyer Comment (2024-10-10): Available documentation has been provided. Reviewer Comment (2024-10-10): Delivery of report was not provided [Redacted] business days prior to closing. Delivery of report was [Redacted] with no confirmation of receipt by Borrower. Borrower would have received report [Redacted] (day of closing) using [Redacted] day mailbox rule. Buyer Comment (2024-10-03): Delivery request trail attached. |
10/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Limited Cash-out GSE | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 561 | (redacted) | 33651508 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | - | Reviewer Comment (2024-10-10): Fraud report reflects alerts as cleared, exception cleared. Buyer Comment (2024-10-03): Please clarify. Fraud report in binder on page [Redacted] shows [Redacted] score with all flags cleared. |
10/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Limited Cash-out GSE | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 562 | (redacted) | 33651510 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The subject property is located in a FEMA disaster area. A post disaster inspection verifying there was no damage to the subject property is required. | Reviewer Comment (2024-09-25): Received Post disaster inspection report & associated. Exception cleared. Buyer Comment (2024-09-24): Attached, no damage. |
09/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 562 | (redacted) | 33651513 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted]is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | Closing Disclosure reflects Finance Charge of $[Redacted]but calculated Finance Charge of $[Redacted]. Variance of $[Redacted]. | Reviewer Comment (2024-11-06): [Redacted] received PCCD, LOE, Copy of refund check, Re-opened RTC and proof of delivery. Reviewer Comment (2024-11-06): [Redacted] received PCCD, LOE, Copy of refund check, Re-opened RTC and proof of delivery. Buyer Comment (2024-11-06): LOE, NORTC re-executed and proof of delivery uploaded. Reviewer Comment (2024-10-30): [Redacted] received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Please note [Redacted] days remain for curing, or separate tolling rescission exception can be added. Buyer Comment (2024-10-29): PCCD and Cure check with Fed ex delivery Reviewer Comment (2024-10-11): Per TRID Grid [Redacted] , Remediation Considerations, ROW [Redacted] …Note, inaccurate APR, Finance Charge, or TOP resulting from fee-related under disclosures will require a refund check to cure and cannot be cured with a loan modification (principal curtailments are not permissible). In the case of under disclosures resulting from both fees and incorrect MI or margin used to calculate TOP, remediation can be in the form of one lump sum refund cash/check or lender/assignee can cure using a combination of remediation methods (ex. check and margin reduction; check and principal curtailment; check and lender paid MI). Please provide PCCD, LOE, Copy or refund check, re-opening of rescission and proof of delivery to cure. Buyer Comment (2024-10-10): Cure docs attached, $[Redacted] for finance charge, $[Redacted] for doc prep fee, $[Redacted] for recording fee, total $[Redacted] . |
11/06/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 562 | (redacted) | 33651514 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page [Redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | Closing Disclosure reflects Finance Charge of[Redacted] but calculated Finance Charge of $[Redacted]. Variance of $[Redacted]. | Reviewer Comment (2024-11-06): [Redacted] received PCCD, LOE, Copy of refund check, Re-opened RTC and proof of delivery. Buyer Comment (2024-11-06): LOE, NORTC re-executed and proof of delivery uploaded. Reviewer Comment (2024-10-30): [Redacted] received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Please note [Redacted] days remain for curing, or separate tolling rescission exception can be added. Buyer Comment (2024-10-29): PCCD Check Fed Ex Reviewer Comment (2024-10-11): Per TRID Grid [Redacted] , Remediation Considerations, ROW [Redacted] …Note, inaccurate APR, Finance Charge, or TOP resulting from fee-related under disclosures will require a refund check to cure and cannot be cured with a loan modification (principal curtailments are not permissible). In the case of under disclosures resulting from both fees and incorrect MI or margin used to calculate TOP, remediation can be in the form of one lump sum refund cash/check or lender/assignee can cure using a combination of remediation methods (ex. check and margin reduction; check and principal curtailment; check and lender paid MI). Please provide PCCD, LOE, Copy or refund check, re-opening of rescission and proof of delivery to cure. Buyer Comment (2024-10-10): Please see completed cure docs attached to finding [Redacted] . |
11/06/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 562 | (redacted) | 33651515 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-10-11): [Redacted] [redacted] Received Corrected PCCD, Payment history and LOE. Buyer Comment (2024-10-10): Please see completed cure docs attached to finding [Redacted] . Reviewer Comment (2024-09-25): [Redacted] the Recording fee increased from $[Redacted] to $[Redacted] on CD dated [Redacted] . Kindly provide a valid COC as to why the recording fee increased on CD dated [Redacted] or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2024-09-24): Would not the various fees disclosed in Section C on the loan estimate and final CD contribute toward the total tolerance and negate the need to cure thei ncrease in recording fees? |
10/11/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 562 | (redacted) | 33651516 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Document Preparation Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | A Document Preparation Fee was added in the amount of $[Redacted]without a valid change circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-10-11): [Redacted] Received Corrected PCCD, Payment history and LOE. Buyer Comment (2024-10-10): Please see completed cure docs attached to finding [Redacted] . Reviewer Comment (2024-09-25): [Redacted] the Document preparation fee added on LE dated [Redacted] for $[Redacted] .We would require a valid COC as to why the fee added on LE dated [Redacted] or provide cure docs. Cure documents consist of Post CD, LOX, Copy of refund check and proof of mailing. Buyer Comment (2024-09-24): The initial loan estimate disclosed $[Redacted] of "Document Preparation Fees" which matches the closing amount. No cure would be required. |
10/11/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 562 | (redacted) | 33651517 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | A Collateral Desktop Analysis Fee was added without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-10-29): [Redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2024-10-29): PCCD Check Pay history additional PR Reviewer Comment (2024-10-11): [Redacted] Received Cure Docs for Finance Charge, Document prep fee and recording fee; however, Cure not received for Collateral desktop fee. Provide Cure docs for CDA fee. Buyer Comment (2024-10-10): Please see completed cure docs attached to finding [Redacted] . Reviewer Comment (2024-09-25): [Redacted] the Collateral Desktop fee added on LE dated[Redacted] for $[Redacted] .Therefore, we would require a valid COC as to why the fee added on LE dated [Redacted] or provide cure docs. Cure documents consist of Post CD, LOX, Copy of refund check and proof of mailing. Buyer Comment (2024-09-24): The initial loan estimate included a $[Redacted] desktop analysis fee; this was lowered to $[Redacted] , which does not require a cure. |
10/29/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 563 | (redacted) | 33651521 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Fully executed and complete [Redacted]Profit & Loss Statement for Quality First Child Care not provided. | Reviewer Comment (2024-09-18): Exception cleared. Received document and updated correctly. Buyer Comment (2024-09-16): P&L uploaded. |
09/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 563 | (redacted) | 33651522 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of [Redacted] does not match Due Diligence Loan Designation of ATR Risk. | Fully executed and complete [Redacted]Profit & Loss Statement for Quality First Child Care not provided. | Reviewer Comment (2024-09-24): P&L provided, system cleared. Buyer Comment (2024-09-16): P&L uploaded. |
09/24/2024 | 1 | B | A | C | A | B | A | C | A | B | A | IL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 563 | (redacted) | 33651523 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Fully executed and complete [Redacted]Profit & Loss Statement for Quality First Child Care not provided. | Reviewer Comment (2024-09-18): Exception cleared. Received document and updated correctly. Buyer Comment (2024-09-16): P&L uploaded. |
09/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 563 | (redacted) | 33651524 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Fully executed and complete [Redacted]Profit & Loss Statement for Quality First Child Care not provided. | Reviewer Comment (2024-09-24): P&L provided, system cleared. Buyer Comment (2024-09-16): P&L uploaded. |
09/24/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 563 | (redacted) | 33651525 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2024-10-01): 1004-D Appraisal report received. - Exception Cleared. Buyer Comment (2024-09-30): Disaster reinspection report uploaded. |
10/01/2024 | 1 | A | A | A | A | A | IL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||||||
| (redacted) | 565 | (redacted) | 33651528 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | The Initial Closing Disclosure issued on [Redacted]included a Credit Report Fee increase to $[Redacted]. The loan file did not contain evidence of a Changed Circumstance increasing this fee. | Reviewer Comment (2024-09-19): [Redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2024-09-18): PCCD and payment history reflecting PR uploaded. |
09/19/2024 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 565 | (redacted) | 33651529 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | The Initial Closing Disclosure issued on [Redacted] included a Credit Report Fee in the amount of $[Redacted]. The loan file did not contain evidence of a Changed Circumstance adding this fee. | Reviewer Comment (2024-09-19): [Redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2024-09-18): PCCD and payment history reflecting PR uploaded. |
09/19/2024 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 565 | (redacted) | 33651531 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing evidence of the HOA dues for [redacted]. | Reviewer Comment (2024-09-20): Exception Cleared - No HOA dues on REO Property. Buyer Comment (2024-09-18): Please note, there is no evidence HOA fees for property. In addition, property is pending sale. |
09/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 565 | (redacted) | 33651532 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - [Redacted] Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-09-19): Sufficient Cure Provided within [redacted] Days of Closing |
09/19/2024 | 1 | A | A | A | A | A | AZ | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 565 | (redacted) | 33651533 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure [Redacted] Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-09-19): Sufficient Cure Provided within [redacted] Days of Closing |
09/19/2024 | 1 | A | A | A | A | A | AZ | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 566 | (redacted) | 33651534 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2024-09-27): Received E-sign Consent Agreement, Exception Cleared Buyer Comment (2024-09-26): Please see the e-signed attached |
09/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 566 | (redacted) | 33651535 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | The Hazard Insurance Policy Effective Date of [Redacted] is after the later of the note or transaction date of [Redacted]. | Reviewer Comment (2024-09-27): Received Corrected Hazard insurance policy, Exception Cleared Buyer Comment (2024-09-26): Please see new HOI policy showing the correction on the effective date [Redacted] |
09/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 567 | (redacted) | 33651539 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | Buyer Comment (2024-09-23): Approve |
09/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 567 | (redacted) | 33651542 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | [Redacted]Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Sufficient, So please provide COC/Final CD for changed fee amount. | Reviewer Comment (2024-09-17): Sufficient Cure Provided At Closing |
09/17/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 567 | (redacted) | 33651543 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient, So please provide COC/Final CD for changed fee amount. | Reviewer Comment (2024-09-17): Sufficient Cure Provided At Closing |
09/17/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 567 | (redacted) | 33651544 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | [Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient, So please provide COC/Final CD for changed fee amount. | Reviewer Comment (2024-09-17): Sufficient Cure Provided At Closing |
09/17/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 567 | (redacted) | 33651545 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Insufficient assets to satisfy PITI reserve requirement of [redacted] months. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
[redacted]+ years on job. Residual income > $[readcted] LTV [redacted]% lower than matrix. |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-09-20): Lender exception with compensating factors. |
09/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 567 | (redacted) | 33651546 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation discrepancy due to assets are insufficient to satisfy guideline requirement of [Redacted]months PITI reserves. | Reviewer Comment (2024-09-20): Lender exception with compensating factors, system cleared. |
09/20/2024 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 567 | (redacted) | 33651547 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Assets are insufficient to satisfy guideline requirement of [Redacted]months PITI reserves. | Reviewer Comment (2024-09-20): Lender exception with compensating factors, system cleared. |
09/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 567 | (redacted) | 33651548 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Assets are insufficient to satisfy guideline requirement of [Redacted]months PITI reserves. | Reviewer Comment (2024-09-20): Lender exception with compensating factors, system cleared. |
09/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 567 | (redacted) | 33651549 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Assets are insufficient to satisfy guideline requirement of [Redacted]months PITI reserves. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
[redacted]+ years on job. Residual income > $[readcted] LTV [redacted]% lower than matrix. |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-09-20): Lender exception with compensating factors. |
09/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 567 | (redacted) | 33651550 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | The loan modification seasoning in file is less than guideline required [Redacted]months from loan closing. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
[redacted]+ years on job. Residual income > $[readcted] LTV [redacted]% lower than matrix. |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-09-20): Lender exception with compensating factors. |
09/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 567 | (redacted) | 33651551 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Guideline require [redacted] review and approval of all properties over $[Redacted]million. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
[redacted]+ years on job. Residual income > $[readcted] LTV [redacted]% lower than matrix. |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-09-20): Lender exception with compensating factors. |
09/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 567 | (redacted) | 33651552 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | REO property[Redacted] listed on [Redacted]stating business owns. Provide documentation reflecting Borrower is not personally liable for the debt. | Reviewer Comment (2024-09-25): LOX and warranty deed provided Buyer Comment (2024-09-23): Deed uploaded. |
09/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 567 | (redacted) | 33651553 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([Redacted]) business days prior to consummation. | Buyer Comment (2024-09-23): Approve |
09/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 569 | (redacted) | 33651559 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | The FACTA is missing from the loan file. | Reviewer Comment (2024-10-01): FACTA disclosure received and updated. Exception Cleared. Buyer Comment (2024-09-30): Disclosure uploaded. |
10/01/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Rate/Term | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 570 | (redacted) | 33651563 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: [Redacted] Disaster End Date: [Redacted] Disaster Name: [Redacted] Disaster Declaration Date:[Redacted] |
Reviewer Comment (2024-09-27): Received post disaster inspection report, Exception Cleared Buyer Comment (2024-09-26): Disaster reinspection report uploaded. |
09/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Home Improvement | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 571 | (redacted) | 33651567 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Borrowers re-entering the workforce following a gap in employment of [Redacted]months or more are allowed provided borrower has been in his/her current position more than [Redacted]months and evidence of [Redacted]years previous employment is documented. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Substantial cash reserves. Borrower's own funds used for down payment & closing (No gifts or DPA) Prior homeownership experience (No FC or Short Sale). |
SitusAMC SitusAMC SitusAMC Originator Originator,SitusAMC Originator |
Reviewer Comment (2024-09-20): Lender exception with compensating factors. |
09/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 571 | (redacted) | 33651568 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Borrowers re-entering the workforce following a gap in employment of Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.months or more are allowed provided borrower has been in his/her current position more than 6 months and evidence of Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.years previous employment is documented. | Reviewer Comment (2024-09-20): Lender exception with compensating factors, system cleared. |
09/20/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 571 | (redacted) | 33651569 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Borrowers re-entering the workforce following a gap in employment of 6 months or more are allowed provided borrower has been in his/her current position more than 6 months and evidence of 2 years previous employment is documented. | Reviewer Comment (2024-09-20): Lender exception with compensating factors, system cleared. |
09/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 571 | (redacted) | 33651570 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrowers should provide a signed, written letter of explanation for any employment gaps that exceed [Redacted]days in the most recent [Redacted]-month period, or that exceed [Redacted] days in months [Redacted]. Borrower(s) must write, sign, and date the letter themselves. The Lender or Broker may identify the subject matter only and not contribute to the letter's content. | Reviewer Comment (2024-09-25): LOE provided by Borrower and signed, exception cleared. Buyer Comment (2024-09-23): Signed LOE uploaded. |
09/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 571 | (redacted) | 33651571 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Borrowers re-entering the workforce following a gap in employment of [Redacted]months or more are allowed provided borrower has been in his/her current position more than [Redacted]months and evidence of [Redacted]years previous employment is documented. | Reviewer Comment (2024-09-20): Lender exception with compensating factors, system cleared. |
09/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 572 | (redacted) | 33651572 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is in a [Redacted]disaster area. Provide a satisfactory post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [Redacted] (Severe Storms, Straight-Line Winds and Flooding) Declared Disaster End Date. | Reviewer Comment (2024-10-15): Property inspection report received and updated. exception cleared Buyer Comment (2024-10-11): Please see Re-Inspection report attached. |
10/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 572 | (redacted) | 33651577 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Non-Warrantable Condo (Guidelines require project approval on all Condo Projects). | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Low default risk with equity, LTV [redacted]% < the guideline requirement. | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2024-10-02): Lender exception with compensating factors. |
10/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 572 | (redacted) | 33651578 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Non-Warrantable Condo (Guidelines require project approval on all Condo Projects). | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Low default risk with equity, LTV [redacted]% < the guideline requirement. | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2024-10-02): Lender exception with compensating factors. |
10/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 573 | (redacted) | 33651582 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-09-24): Sufficient Cure Provided At Closing |
09/24/2024 | 1 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Debt Consolidation | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 574 | (redacted) | 33651585 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk Fail due to DTI is exceeding the guideline limit of [Redacted]% | Reviewer Comment (2024-10-03): Non-QM loan based on DTI exception waived with compensating factors. |
10/03/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 574 | (redacted) | 33651586 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and[Redacted] of [Redacted]% significantly exceeds the guideline maximum of [Redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to [Redacted]) | Verified and calculated all income and credit as per provided source documents. Lender Exception allowing Total Debt Ratio to exceed guidelines. | Borrower's monthly mortgage payment has decreased by at least [redacted]%. Borrower has verified disposable income of at least $[redacted]. Borrower has been employed in the same industry for more than [redacted] years. |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. |
SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-10-03): Lender Exception with Compensating Factors provided. Reviewer Comment (2024-10-03): Borrower has additional royalty income not included in ratios. Most debt is installment / secured loans (recreational / auto vehicles). Monthly payment decreasing. Low housing ratio. |
10/03/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 574 | (redacted) | 33651587 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | Lender Exception allowing Total Debt Ratio to exceed guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly mortgage payment has decreased by at least [redacted]%. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Housing Ratio [redacted]% or less. Prior Homeownership Experience (No FC or SS). |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-10-02): Lender Exception with Compensating Factors provided. |
10/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 574 | (redacted) | 33651588 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Lender Exception is in file allowing calculated PITIA months reserves of [Redacted]is less than Guideline PITIA months reserves of [Redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly mortgage payment has decreased by at least [redacted]%. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Housing Ratio [redacted]% or less. Prior Homeownership Experience (No FC or SS). |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-10-02): Lender Exception with Compensating Factors provided. |
10/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 574 | (redacted) | 33651589 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Lender Exceptions allowing Total Debt Ratio to exceed guidelines and Reserves below guidelines. | Reviewer Comment (2024-10-02): Lender Exception with Compensating Factors provided. |
10/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 574 | (redacted) | 33651590 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception requested for rural property. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly mortgage payment has decreased by at least [redacted]%. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Housing Ratio [redacted]% or less. Prior Homeownership Experience (No FC or SS). |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-10-02): Lender Exception with Compensating Factors provided. |
10/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 574 | (redacted) | 33651591 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Lender Exception is in file allowing calculated PITIA months reserves of [Redacted]is less than Guideline PITIA months reserves of [Redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly mortgage payment has decreased by at least [redacted]%. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Housing Ratio [redacted]% or less. Prior Homeownership Experience (No FC or SS). |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-10-02): Lender Exception with Compensating Factors provided. |
10/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 574 | (redacted) | 33651592 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [Redacted]([Redacted]) business days prior to consummation. | Provide evidence the borrower received the [Redacted] Appraisal at least [Redacted]days prior to closing. | Reviewer Comment (2024-10-08): Received Appraisal delivery receipt & associated. Exception cleared. Buyer Comment (2024-10-07): Appraisal proof of delivery uploaded. |
10/08/2024 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 574 | (redacted) | 33651593 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Provide evidence the borrower received the [Redacted] Appraisal at least [Redacted]days prior to closing. | Reviewer Comment (2024-10-08): Received Appraisal delivery receipt & associated. Exception cleared. Buyer Comment (2024-10-07): Appraisal proof of delivery uploaded. |
10/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 574 | (redacted) | 33651594 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([Redacted]) business days prior to consummation. | Provide evidence the borrower received the[Redacted] Appraisal at least [Redacted]days prior to closing. | Reviewer Comment (2024-10-08): Received Appraisal delivery receipt & associated. Exception cleared. Buyer Comment (2024-10-07): Appraisal proof of delivery uploaded. |
10/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 574 | (redacted) | 33651595 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Insufficient reserves. | Reviewer Comment (2024-10-02): Lender Exception with Compensating Factors provided. |
10/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 575 | (redacted) | 33651599 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [Redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [Redacted] business days prior to consummation. | Buyer Comment (2024-10-07): Approve |
10/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 575 | (redacted) | 33651600 | Compliance | Compliance | Federal Compliance | FACTA | Federal FACTA Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | Buyer Comment (2024-10-22): Approve Reviewer Comment (2024-10-11): Received disclosures dated day of closing. Exception remains an EV2. Buyer Comment (2024-10-07): FACTA disclosure uploaded. |
10/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 575 | (redacted) | 33651601 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted]is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | Loan Calculations: Final Closing Disclosure provided on [Redacted]disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted]is over disclosed by $[Redacted]compared to the calculated Amount Financed of $[Redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated[Redacted]). | Reviewer Comment (2024-10-31): [Redacted] received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2024-10-30): Cure check and proof of delivery uploaded. Reviewer Comment (2024-10-25): [Redacted] received Corrrected CD, LOE to borrower, copy of cure refund and proof of mailing. The FedEx tracking reflects that package has not yet been picked up and only a label created. Provide proof the carrier has picked up the package to finalize cure. Buyer Comment (2024-10-24): PCCD, LOE, cure check and proof of delivery uploaded. |
10/31/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CT | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 575 | (redacted) | 33651602 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page [Redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated[Redacted]). | Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page [Redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted]is under disclosed by $[Redacted]compared to the calculated Finance Charge of $[Redacted]which exceeds the $[Redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]. | Reviewer Comment (2024-10-31): [Redacted] received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2024-10-30): Cure check and proof of delivery uploaded. Reviewer Comment (2024-10-25): [Redacted] received Corrrected CD, LOE to borrower, copy of cure refund and proof of mailing. The FedEx tracking reflects that package has not yet been picked up and only a label created. Provide proof the carrier has picked up the package to finalize cure. Buyer Comment (2024-10-24): PCCD, LOE, cure check and proof of delivery uploaded. |
10/31/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CT | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 575 | (redacted) | 33651604 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [Redacted]is less than Guideline PITIA months reserves of [Redacted]. | Reviewer Comment (2024-10-23): Reserve requirement met. Exception Cleared. Buyer Comment (2024-10-22): Please note, verified assets $[Redacted] , verified received gift funds $[Redacted] = $[Redacted] . CTC = $[Redacted] . Reserves = $[Redacted] ([Redacted] months) Hazard policy invoice reflecting paid uploaded. |
10/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 575 | (redacted) | 33651605 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The loan file is short the required [Redacted]months reserves and the CPA letter in file is not date. The loan file also contains a VOR from an individual but the loan file does not contain [Redacted]months. cancelled checks as required by guidelines. | Reviewer Comment (2024-10-25): Exception cleared - CPA letter dated created has been received and associated in [redacted]. Buyer Comment (2024-10-24): Additional evidence when the document was created and modified. Letter is signed by the CPA and evidence letter was created and modified meets guideline requirements. Please escalate to[Redacted] for review if you are unable to clear exception. Reviewer Comment (2024-10-24): Reserves and VOR have been received. CPA letter provided does not reflect a date when the document was prepared. Buyer Comment (2024-10-22): All exceptions have been addressed individually. |
10/25/2024 | 1 | B | A | C | A | B | A | C | A | B | A | CT | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 575 | (redacted) | 33651606 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The loan file is short the required[Redacted] months reserves and the CPA letter in file is not date. The loan file also contains a VOR from an individual but the loan file does not contain [Redacted]months. cancelled checks as required by guidelines. | Reviewer Comment (2024-10-25): Exception cleared - CPA letter dated created has been received and associated in [redacted]. Buyer Comment (2024-10-24): Additional evidence when the document was created and modified. Letter is signed by the CPA and evidence letter was created and modified meets guideline requirements. Please escalate to[Redacted] for review if you are unable to clear exception. Reviewer Comment (2024-10-24): Reserves and VOR have been received. CPA letter provided does not reflect a date when the document was prepared. Buyer Comment (2024-10-22): All exceptions have been addressed individually. |
10/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 575 | (redacted) | 33651607 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The loan file is short the required [Redacted]months reserves and the CPA letter in file is not date. The loan file also contains a VOR from an individual but the loan file does not contain [Redacted]months. cancelled checks as required by guidelines. | Reviewer Comment (2024-10-25): Exception cleared - CPA letter dated created has been received and associated in [redacted]. Buyer Comment (2024-10-24): Additional evidence when the document was created and modified. Letter is signed by the CPA and evidence letter was created and modified meets guideline requirements. Please escalate to [Redacted] for review if you are unable to clear exception. Reviewer Comment (2024-10-24): Reserves and VOR have been received. CPA letter provided does not reflect a date when the document was prepared. Buyer Comment (2024-10-22): All exceptions have been addressed individually. |
10/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 575 | (redacted) | 33651608 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | The loan file is short the required [Redacted]months reserves. | Reviewer Comment (2024-10-23): Reserve requirement met. Exception Cleared. Buyer Comment (2024-10-22): Please note, verified assets $[Redacted] , verified received gift funds $[Redacted] = $[Redacted] . CTC = $[Redacted] . Reserves = $[Redacted] ([Redacted] months) Hazard policy invoice reflecting paid uploaded. |
10/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 575 | (redacted) | 33651609 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The CPA letter in file used for income qualification is not dated. | Reviewer Comment (2024-10-25): Exception cleared - CPA letter dated created has been received and associated in [redacted]. Buyer Comment (2024-10-24): Additional evidence when the document was created and modified. Letter is signed by the CPA and evidence letter was created and modified meets guideline requirements. Please escalate to xx for review if you are unable to clear exception. Reviewer Comment (2024-10-23): Tracking date shows CPA letter was received on [Redacted] , however we required when CPA letter was prepared and signed as it should of recent copy prepared during the time of approval. Document date is missing. Exception Remains. Buyer Comment (2024-10-22): Proof CPA letter received and reviewed by underwriter PTC uploaded. |
10/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 575 | (redacted) | 33651610 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | The loan file also contains a VOR from an individual but the loan file does not contain [Redacted]months cancelled checks as required by guidelines. | Reviewer Comment (2024-10-23): Required VOR document provided. Exception Cleared. Buyer Comment (2024-10-22): Please note, [Redacted] months cancelled checks are only required if rental payments are made to an interested party. VOR included the property profile reflecting owner payments being made to and is not an interested party. |
10/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 578 | (redacted) | 33651620 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | DTI Exceeding [Redacted]% Lender Exception provided. W2 tax transcripts missing for the co borrower. | Reviewer Comment (2024-10-13): System cleared after Lender Exception with Compensating Factors provided. Transcripts provided. Buyer Comment (2024-10-08): Please see W2 and IRS transcripts from bwr # [Redacted] attached |
10/13/2024 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 578 | (redacted) | 33651622 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [Redacted] of [Redacted]% moderately exceeds the guideline maximum of [Redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | DTI Exceeding [Redacted]% Lender Exception provided | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Excellent Credit Management with FICO [redacted]+ Housing Ratio [redacted]% or less. |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-10-07): Lender Exception with Compensating Factors provided. |
10/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 578 | (redacted) | 33651623 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Transfer Tax. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower | Reviewer Comment (2024-10-14): [Redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2024-10-11): Please see PCCD and Pymt History attached showing a cure for $[Redacted] due to an increase in transfer tax |
10/14/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 578 | (redacted) | 33651624 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | Calculated investor qualifying total debt ratio of [Redacted]% exceeds Guideline total debt ratio of [Redacted]%. Lender Exception in file approving [Redacted]% DTI exception. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Excellent Credit Management with FICO [redacted]+ Housing Ratio [redacted]% or less. |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-10-07): Lender Exception with Compensating Factors provided. |
10/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 578 | (redacted) | 33651625 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | Total cash-out of $[Redacted]is greater than Guideline total cash-out of $[Redacted]. | Reviewer Comment (2024-10-10): Document provided and updated exception cleared Buyer Comment (2024-10-08): Please see PCCD shows a cash out to the borrower $[Redacted] |
10/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 578 | (redacted) | 33651626 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | DTI Exceeding [Redacted]% and W2 tax transcripts missing for the co borrower. | Reviewer Comment (2024-10-13): System cleared after Lender Exception with Compensating Factors provided. Transcripts provided. Buyer Comment (2024-10-08): Please see W2 and IRS transcripts from bwr # [Redacted] attached |
10/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 578 | (redacted) | 33651627 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception in file approving [Redacted]+ financed properties with [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Excellent Credit Management with FICO [redacted]+ Housing Ratio [redacted]% or less. |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-10-07): Lender Exception with Compensating Factors provided. |
10/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 578 | (redacted) | 33651628 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Loan reflects declining income. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Excellent Credit Management with FICO [redacted]+ Housing Ratio [redacted]% or less. |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-10-07): Lender Exception with Compensating Factors provided. |
10/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 578 | (redacted) | 33651629 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | CoBorrower W2 transcripts missing from the loan file. | Reviewer Comment (2024-10-09): Received Co-borrower W-2 Transcript. Exception Cleared. Buyer Comment (2024-10-08): Please see W2 and IRS transcripts from bwr # [Redacted] attached |
10/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 578 | (redacted) | 33651630 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | CoBorrower W2 transcripts missing from the loan file. | Reviewer Comment (2024-10-09): Received Co-Borrower W-2 Transcripts. Exception Cleared. Buyer Comment (2024-10-08): Please see W2 and IRS transcripts from bwr # [Redacted] attached |
10/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 578 | (redacted) | 33651632 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | CoBorrower W2 transcripts missing from the loan file. | Reviewer Comment (2024-10-09): Received Co-borrower W-2 Transcript. Buyer Comment (2024-10-08): Please see W2 and IRS transcripts from bwr # [Redacted] attached |
10/09/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 578 | (redacted) | 33651633 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Reviewer Comment (2024-11-13): Post Disaster Inspection Report received. Exception Cleared. Buyer Comment (2024-11-08): Please see Re-Inspection Report attached. |
11/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 579 | (redacted) | 33651637 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Estimated Escrow Payment Over Disclosed Test | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream [Redacted]that does not match the actual payment for the loan. | Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed an escrow payment for payment stream [Redacted]that does not match the actual payment for the loan. | Reviewer Comment (2024-10-09): Sufficient Cure Provided At Closing |
10/09/2024 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 580 | (redacted) | 33651640 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [Redacted]business days of application. | The application date is [Redacted] and the disclosure was provided[Redacted]. | Reviewer Comment (2024-10-23): Disclosure provided, system cleared. Buyer Comment (2024-10-17): Please see Affiliated Business Disclosure attached |
10/23/2024 | 1 | B | A | B | A | B | A | B | A | B | A | GA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 580 | (redacted) | 33651641 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrow Costs Year [Redacted]Underdisclosed [Redacted] | TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [Redacted]of on Final Closing Disclosure provided on [Redacted] are underdisclosed. | The final CD dated [Redacted] non-escrowed property cost is blank on page [Redacted]. | Reviewer Comment (2024-10-18): [redacted] received PCCD and Letter of Explanation with reflecting changes in the estimated Cost over [redacted] year section resulting in a cured the exception. Buyer Comment (2024-10-17): Please see PCCD showing HOA fees for one year |
10/18/2024 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 580 | (redacted) | 33651643 | Compliance | Compliance | Federal Compliance | TRID | TRID Settlement Service Provider Status | TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. | The file is missing Settlement Service Providers List. | Reviewer Comment (2024-10-23): [redacted] received SSPL. |
10/23/2024 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | No Defined Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 580 | (redacted) | 33651644 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted]% tolerance was exceeded by $[Redacted]due to Title - Document Preparation Fee, Title - Examination Fee, Title - Lender's Title Insurance, Title - Settlement / Closing / Escrow Fee and Recording Service Fee. No valid COC provided, nor evidence of cure in file. | Reviewer Comment (2024-10-23): [redacted] received SSPL and the borrower didn't shop from SSPL therefore fee is under unlimited tolerance limit. Buyer Comment (2024-10-21): Please see the Service Provider Preference List attached. Reviewer Comment (2024-10-18): [redacted]is unable to determine from the file whether the borrower shopped for service. The file does not contain a "SSPL". Tolerance category will be reevaluated when SPPL is received. Buyer Comment (2024-10-17): Could you please review this request for a cure one more time? Per Initial LE dated [redacted], the initial Settlement charges were $[redacted]+ Recording fees. = $[redacted]vs final CD dated [redacted] for $[redacted]+ $[redacted]Recording fees = $[redacted]. $[redacted]X [redacted]% allowable = $[redacted]Less final settlement charges $[redacted]total cure |
10/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 580 | (redacted) | 33651645 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Pay History not provided | [Redacted]months cancelled checks are required when the Borrower is making payments to an individual. | Reviewer Comment (2024-10-21): Exception cleared - We have VOR in file which reflect [redacted] months of payment. Buyer Comment (2024-10-17): I've attached VOR and guidelines for you to look over. The cxl checks are only required when the borrower is making rental payments to an interested party. |
10/21/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 581 | (redacted) | 33651647 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [Redacted]business days prior to consummation. | Evidence of appraisal receipt not provided. | Reviewer Comment (2024-11-15): Lender confirmed [redacted] are included in business days, system cleared. Buyer Comment (2024-11-14): Please see CMS guidelines regarding business days. [redacted] is included as a business day. Reviewer Comment (2024-11-14): Proof of appraisal delivery by email on page [redacted] / D[redacted] states appraisal was delivered on [redacted] but the mailbox rule applies and assumed receipt date is [redacted] which is not three business days prior to consummation date of [redacted] ([redacted] not included). Do you include Saturdays as a business day or have any other documentation of receipt by the Borrower? The Appraisal Acknowledgement in file has an "or" statement without the borrower acknowledging which statement they're confirming and therefore, we are unable to use as receipt. Reviewer Comment (2024-11-04): Exception Remains - Appraisal/Valuation Acknowledgement provided is invalid. The document is Right to received appraisal disclosure. Require appraisal delivery details for three ([redacted] ) business days prior to consummation. Buyer Comment (2024-11-01): Appraisal proof delivered via email uploaded. Reviewer Comment (2024-10-28): Appraisal/Valuation Acknowledgement provided is invalid. Document states both received appraisal and waived right to receive appraisal. Proof of appraisal delivery by email on page [redacted] / [redacted] states appraisal delivered on [redacted] but mail delivery applies and assumed receipt date is [redacted] which is not three business days prior to consummation date of [redacted] . Reviewer Comment (2024-10-28): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted] ) business days prior to consummation. (Type:Primary/[redacted] ) Buyer Comment (2024-10-22): Please note, there is only a [redacted] report in file and was delivered on [redacted] . |
11/15/2024 | 1 | B | A | B | A | B | A | B | A | B | A | PA | Primary | Purchase | C | B | A | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 581 | (redacted) | 33651648 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Clarity calculated APR exceeds APR threshold of [Redacted]% | Reviewer Comment (2024-11-15): Lender confirmed [redacted] are included in business days, system cleared. Buyer Comment (2024-11-14): Please see CMS guidelines regarding business days. [redacted] is included as a business day. Reviewer Comment (2024-11-04): Exception Remains - Appraisal/Valuation Acknowledgement provided is invalid. The document is Right to received appraisal disclosure. Require appraisal delivery details for three ([redacted] ) business days prior to consummation. Buyer Comment (2024-11-01): Appraisal proof delivered via email uploaded. Reviewer Comment (2024-10-28): Appraisal/Valuation Acknowledgement provided is invalid. Document states both received appraisal and waived right to receive appraisal. Proof of appraisal delivery by email on page [redacted] / D[redacted] states appraisal delivered on [redacted] but mail delivery applies and assumed receipt date is [redacted] which is not three business days prior to consummation date of [redacted] . Buyer Comment (2024-10-22): Please note, there is only a [redacted] report in file and was delivered on [redacted] . |
11/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Purchase | C | B | A | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 581 | (redacted) | 33651649 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Waterfall due to QM Points and Fees exception. | Buyer Comment (2024-10-17): Approve |
10/17/2024 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Primary | Purchase | C | B | A | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 581 | (redacted) | 33651650 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[Redacted]business days prior to consummation. | Evidence of appraisal receipt not provided. | Reviewer Comment (2024-11-15): Lender confirmed [redacted] are included in business days, system cleared. Buyer Comment (2024-11-14): Please see CMS guidelines regarding business days. [redacted] is included as a business day. Reviewer Comment (2024-11-14): Proof of appraisal delivery by email on page [redacted] / D[redacted] states appraisal was delivered on [redacted] but the mailbox rule applies and assumed receipt date is [redacted] which is not three business days prior to consummation date of [redacted] ([redacted] not included). Do you include [redacted] as a business day or have any other documentation of receipt by the Borrower? Reviewer Comment (2024-11-04): Exception Remains - Appraisal/Valuation Acknowledgement provided is invalid. The document is Right to received appraisal disclosure. Require appraisal delivery details for three ([redacted] ) business days prior to consummation. Buyer Comment (2024-11-01): Appraisal proof delivered via email uploaded. Reviewer Comment (2024-10-28): Appraisal/Valuation Acknowledgement provided is invalid. Document states both received appraisal and waived right to receive appraisal. Proof of appraisal delivery by email on page [redacted] / D[redacted] states appraisal delivered on [redacted] but mail delivery applies and assumed receipt date is [redacted] which is not three business days prior to consummation date of [redacted] . Reviewer Comment (2024-10-28): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted] ) business days prior to consummation. (Type:Primary/[redacted] ) Buyer Comment (2024-10-25): Please clarify what you need to clear this exception or escalate to [redacted] /[redacted] . Disclosure was provided per reviewer request and now stating it's not acceptable. Reviewer Comment (2024-10-25): Exception remains, provided borrower signed Appraisal Acknowledgment disclosure [redacted] days prior to closing is not valid document. Buyer Comment (2024-10-24): Appraisal valuation acknowledgement disclosure uploaded. Reviewer Comment (2024-10-23): Received Appraisal along with appraisal notice. Please provide borrower's signed document at closing acknowledging their receipt of the valuation [redacted] days prior to closing. Exception remains. Buyer Comment (2024-10-22): Please note, there is only a[redacted] report in file and was delivered on [redacted] . |
11/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Purchase | C | B | A | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 581 | (redacted) | 33651653 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Insufficient reserves. | Reviewer Comment (2025-01-30): System cleared after Lender Exception with Compensating Factors provided. |
01/30/2025 | 1 | A | A | A | A | A | PA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | A | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 581 | (redacted) | 33651654 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Insufficient reserves. | Reviewer Comment (2025-01-30): System cleared after Lender Exception with Compensating Factors provided. |
01/30/2025 | 1 | A | A | A | A | A | PA | Primary | Purchase | C | B | A | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 581 | (redacted) | 33651655 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Insufficient reserves. | Reviewer Comment (2025-01-30): System cleared after Lender Exception with Compensating Factors provided. |
01/30/2025 | 1 | A | A | A | A | A | PA | Primary | Purchase | C | B | A | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 581 | (redacted) | 33651656 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Insufficient reserves. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Excellent Credit Management with FICO [redacted] |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-30): Lender Exception with Compensating Factors provided. |
01/30/2025 | 2 | B | B | B | B | B | PA | Primary | Purchase | C | B | A | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 581 | (redacted) | 33651657 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Insufficient reserves. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Excellent Credit Management with FICO [redacted] |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-30): Lender Exception with Compensating Factors provided. |
01/30/2025 | 2 | B | B | B | B | B | PA | Primary | Purchase | C | B | A | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 582 | (redacted) | 33651658 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form [Redacted] was not provided. | - | Reviewer Comment (2024-10-08): Foundation Inspection provided stating home is currently within acceptable settlement limits. |
10/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | C | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 582 | (redacted) | 33651662 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Title Commitment reflects borrower and non-obligated co-borrower as Two Single People. [redacted] is provided in file and Note/Security Instrument are signed by both. | Reviewer Comment (2024-10-17): Corrected documentation provided. Buyer Comment (2024-10-10): Final title policy and recorded DOT uploaded. |
10/17/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | C | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 582 | (redacted) | 33651663 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1[Redacted] of [Redacted]% significantly exceeds the guideline maximum of [Redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to [Redacted]) | Lender Exception in file approving DTI that exceeds guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Prior Homeownership Experience (No FC or SS). CF Update. |
Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator Originator,SitusAMC |
Reviewer Comment (2025-01-30): CF Update. Reviewer Comment (2024-10-08): Lender Exception with Compensating Factors provided. |
10/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | C | A | Non QM | Non QM | No | |||||||
| (redacted) | 582 | (redacted) | 33651664 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2024-10-08): Loan is Non-QM. |
10/08/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | C | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 582 | (redacted) | 33651665 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | Lender Exception in file allowing DTI that exceeds guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Prior Homeownership Experience (No FC or SS). CF Update. |
Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator Originator,SitusAMC |
Reviewer Comment (2025-01-30): CF Update. Reviewer Comment (2024-10-08): Lender Exception with Compensating Factors provided. |
10/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | C | A | Non QM | Non QM | No | |||||||
| (redacted) | 582 | (redacted) | 33651666 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | DTI exceeds guidelines; Lender Exception in file allowing exception. | Reviewer Comment (2024-10-08): System cleared after Lender Exception with Compensating Factors provided. |
10/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | C | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 583 | (redacted) | 33651669 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Assets are insufficient to satisfy the [Redacted]months PITI reserve requirement. | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Residual income > $[readcted] Qualifying ratios of [redacted]. Prior homeownership experience (No FC or Short Sale). |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-10-25): Lender exception with compensating factors. |
10/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | B | B | C | A | A | A | Non QM | N/A | No | |||||||
| (redacted) | 583 | (redacted) | 33651670 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | There are [Redacted]individuals on bank statements used for income and only one individual on the loan.Guidelines require both to be on loan. | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Residual income > $[readcted] Qualifying ratios of [redacted]. Prior homeownership experience (No FC or Short Sale). |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-10-25): Lender exception with compensating factors. |
10/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | B | B | C | A | A | A | Non QM | N/A | No | ||||||||
| (redacted) | 583 | (redacted) | 33651671 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Assets are insufficient to satisfy the [Redacted]months PITI reserve requirement. | Reviewer Comment (2024-10-25): Lender exception with compensating factors, system cleared. |
10/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | B | B | C | A | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 583 | (redacted) | 33651673 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Max LTV for rate/term refinance of an investment property with a [Redacted]credit score is [Redacted]%. | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Residual income > $[readcted] Qualifying ratios of [redacted]. Prior homeownership experience (No FC or Short Sale). |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-25): Lender exception with compensating factors. |
11/25/2024 | 2 | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | B | B | C | A | A | A | Non QM | N/A | No | ||||||||||||
| (redacted) | 583 | (redacted) | 33651674 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Max LTV for rate/term refinance of an investment property with a [Redacted]credit score is [Redacted]%. | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Residual income > $[readcted] Qualifying ratios of [redacted]. Prior homeownership experience (No FC or Short Sale). |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-25): Lender exception with compensating factors. |
11/25/2024 | 2 | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | B | B | C | A | A | A | Non QM | N/A | No | ||||||||||||
| (redacted) | 583 | (redacted) | 33651675 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unverifiable housing (Guidelines require verification of primary housing) | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Residual income > $[readcted] Qualifying ratios of [redacted]. Prior homeownership experience (No FC or Short Sale). |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-28): Lender Exception with Compensating Factors provided. |
01/28/2025 | 2 | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | B | B | C | A | A | A | Non QM | N/A | No | |||||||||||||
| (redacted) | 584 | (redacted) | 33651677 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | subject property is located in a FEMA disaster that does not have a declared end date. | Reviewer Comment (2024-11-13): Exception Cleared - BPO/PDI document received and updated Buyer Comment (2024-11-12): Please see Re-inspection Report attached |
11/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 585 | (redacted) | 33651682 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Investor Qualifying Residual income discrepancy. | Calculated investor qualifying disposable income of ___ is less than AUS required disposable income of ___. | Borrower's residual income is less than the guideline minimum of $[Redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly mortgage payment has decreased by at least [redacted]%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The refinance has decreased the borrower's monthly debt payments by [redacted]% or more. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
Originator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2024-10-24): Lender Exception with Compensating Factors. |
10/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 586 | (redacted) | 33651684 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [Redacted]) business days prior to consummation. | Reviewer Comment (2024-11-04): Exception cleared - The appraisal deliver report received for the appraisal and update the [redacted]. Buyer Comment (2024-11-01): Please see proof of appraisal been delivered to the borrower on [redacted] |
11/04/2024 | 1 | B | A | B | A | B | A | B | A | B | A | TN | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 586 | (redacted) | 33651685 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-11-04): Exception cleared - The appraisal deliver report received for the appraisal and update the [redacted]. Buyer Comment (2024-11-01): Please see proof of appraisal been delivered to the borrower on [redacted] |
11/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 586 | (redacted) | 33651686 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[Redacted]) business days prior to consummation. | Reviewer Comment (2024-11-04): Exception cleared - The appraisal deliver report received for the appraisal and update the [redacted]. Buyer Comment (2024-11-01): Please see proof of appraisal been delivered to the borrower on [redacted] |
11/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 587 | (redacted) | 33651688 | Compliance | Compliance | Federal Compliance | TILA | TILA - Impermissible Prepayment Penalty | Truth in Lending Act (Dodd-Frank 2014): Covered transaction contains impermissible prepayment penalty. | Covered transaction contains impermissible prepayment penalty. | Reviewer Comment (2024-11-25): Signed business purpose disclosure provided, system cleared. Buyer Comment (2024-11-13): Signed business purpose affidavit uploaded Reviewer Comment (2024-11-13): Please provide signed business purpose certification by Borrower. Buyer Comment (2024-11-06): This is an investment property and Pre Payment is allowed. |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | N/A | N/A | No | ||||||||||
| (redacted) | 587 | (redacted) | 33651689 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability to Repay - Bank Statement Guidelines Require [Redacted]or more Months | Ability to Repay (Dodd-Frank 2014): Guidelines require [Redacted]or more consecutive months bank statements. | Guidelines require [Redacted]or more consecutive months bank statements. | Reviewer Comment (2024-11-25): Signed business purpose disclosure provided, system cleared. |
11/25/2024 | 1 | A | A | A | A | A | A | A | A | A | A | MI | Investment | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | N/A | N/A | No | ||||||||||
| (redacted) | 587 | (redacted) | 33651690 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [Redacted] business days prior to consummation. | The loan file does not contain evidence the Borrower received the Appraisal report dated [Redacted] at least three days prior to closing. | Reviewer Comment (2024-11-11): Evidence of delivery provided, exception cleared. Buyer Comment (2024-11-05): Evidence of appraisal delivery uploaded |
11/11/2024 | 1 | B | A | B | A | B | A | B | A | B | A | MI | Investment | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | N/A | N/A | No | ||||||||||
| (redacted) | 588 | (redacted) | 33651693 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | The Initial Loan Estimate does not contain evidence of a Credit Reissue fee. The Fee was added onto the Closing Disclosure issued on [Redacted]. The loan file does not contain evidence of a Changed Circumstance adding the fee. The Closing Disclosure does not reflect a cure to Borrower for the added fee. | Reviewer Comment (2024-11-06): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2024-11-05): PCCD and payment history reflecting PR uploaded. |
11/06/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 590 | (redacted) | 33651700 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Points and Fees Exceeds 2% of Original Principal Balance) | [redacted] Constitution Section [Redacted]): Points and fees on subject loan of [Redacted]% is in excess of the allowable maximum of [Redacted]% of the Original Principal Loan Amount. Points and Fees total $[Redacted]on an Original Principal Loan Amount of $[Redacted]vs. an allowable total of $[Redacted](an overage of $[Redacted]or [Redacted]%.) | Points and fees on subject loan of [Redacted]% is in excess of the allowable maximum of [Redacted]% of the Original Principal Loan Amount. Points and Fees total $[Redacted]on an Original Principal Loan Amount of $[Redacted]vs. an allowable total of $[Redacted](an overage of $[Redacted]or [Redacted]%.) | Reviewer Comment (2024-11-27): Cure documentation received including LOE, refund check and proof of delivery. Buyer Comment (2024-11-13): PCCD, LOE, cure check and proof of delivery uploaded. |
11/27/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | Refund the borrower, or credit their account, an amount equal to any overcharge paid by the borrower. (Provide Proof of Delivery, LOE, and Copy of Check. [A servicing screen print can be provided in place of a check when a credit is applied to the borrowers account.]) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 590 | (redacted) | 33651701 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | $[Redacted]violation due to increase(s) in Title - Settlement Fee, Title - Signing Fee, Title - Document Preparation Fee, Recording Fees, and Title - Tax Certification Fee. | Reviewer Comment (2024-11-06): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2024-11-05): PCCD and payment history reflecting PR uploaded. |
11/06/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 591 | (redacted) | 33651703 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | The Maximum LTV of [Redacted]% for an Alt Doc, FICO score of [Redacted]. The LTV on subject loan is [Redacted]%. | Borrower has verified disposable income of at least $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Low housing ration of [redacted]% or less Borrower's own funds used for down payment and closing costs (no gifts or DPA) |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-10-23): Lender Exception with Compensating Factors. |
10/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 591 | (redacted) | 33651705 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Guidelines state for Borrowers with no rent or housing verification for [Redacted]months the Borrower must have 6 months reserves, [Redacted]% Contribution to Purchase Transactions and Full Doc Loans only, Bank Statement documentation is not allowed. | Borrower has verified disposable income of at least $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Low housing ration of [redacted]% or less Borrower's own funds used for down payment and closing costs (no gifts or DPA) |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-10-23): Lender Exception with Compensating Factors. |
10/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 591 | (redacted) | 33651707 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | The Maximum LTV of [Redacted]% for an Alt Doc, FICO score of [Redacted]. The LTV on subject loan is [Redacted]%. The Guidelines state for Borrowers with No rent or housing verification for [Redacted]months the Borrower must have [Redacted]months reserves, [Redacted]% Contribution to Purchase Transactions and Full Doc Loan only, Bank Statement documentation is not allowed. | Reviewer Comment (2024-10-23): Lender Exception with Compensating Factors, system cleared. |
10/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 592 | (redacted) | 33651709 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. | Reviewer Comment (2024-11-26): Loan is HPML Compliant. Buyer Comment (2024-11-13): Please note, LOE is a compliance approved letter. $[redacted] refund can't be shown in our system as applied to [redacted] nd appraisal due to the fee being paid POC. Reviewer Comment (2024-11-12): Please provide LOE to Borrower explaining they are being refunded for the [redacted] nd charged appraisal fee, copy of $[redacted] refund check, PCCD showing the amount being applied towards the [redacted] nd appraisal fee (not the lender's title insurance) and proof of delivery. Buyer Comment (2024-11-06): PCCD, LOE, cure check and proof of delivery uploaded. |
11/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 592 | (redacted) | 33651712 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee increased to $[Redacted]on the Closing Disclosure issued on [Redacted]. The loan file did not contain a Changed Circumstance regarding the increase of the Credit fee or a tolerance cure to the Borrower. | Reviewer Comment (2024-11-01): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2024-10-31): $[redacted] cure check required for [redacted] nd appraisal not allowed to be charged to the borrower. |
11/01/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 592 | (redacted) | 33651713 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | The Closing Disclosure issued on[Redacted] reflects an additional Credit Report fee in the amount of $[Redacted]. The loan file does not contain a Changed Circumstance for the additional fee or tolerance cure to Borrower. | Reviewer Comment (2024-11-01): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2024-10-31): $[redacted] cure check required for [redacted] nd appraisal not allowed to be charged to the borrower. |
11/01/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 592 | (redacted) | 33651714 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Flipped Property - Borrower Charged for 2 Appraisals) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Flipped Property - Creditor improperly charged consumer for [Redacted] appraisals. | Reviewer Comment (2024-11-26): Cure documentation received. Buyer Comment (2024-11-13): Please note, LOE is a compliance approved letter. $[redacted] refund can't be shown in our system as applied to [redacted] nd appraisal due to the fee being paid POC. Reviewer Comment (2024-11-12): Please provide LOE to Borrower explaining they are being refunded for the [redacted] nd charged appraisal fee, copy of $[redacted] refund check, PCCD showing the amount being applied towards the [redacted] nd appraisal fee (not the lender's title insurance) and proof of delivery. Buyer Comment (2024-11-05): PCCD, LOE, cure check and proof of delivery uploaded. |
11/26/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Provide evidence of the refund of the amount charged to the consumer for the second appraisal performed on the subject property. (Include a copy of the Refund Check, Proof of Delivery, and Cover Letter) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 592 | (redacted) | 33651715 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - [Redacted]) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-11-01): Sufficient Cure Provided within [redacted] Days of Closing |
11/01/2024 | 1 | A | A | A | A | A | FL | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 592 | (redacted) | 33651716 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - [Redacted] Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-11-01): Sufficient Cure Provided within [redacted] Days of Closing |
11/01/2024 | 1 | A | A | A | A | A | FL | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 593 | (redacted) | 33651720 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [Redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded. Total amount of $[Redacted]exceeds tolerance of $[Redacted]plus [Redacted]% or $[Redacted]. Insufficient or no cure was provided to the borrower. | Total amount of $[Redacted]exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. No cure provided. | Reviewer Comment (2024-11-19): [redacted] received PCCD, LOE and pay history for principal reduction of cure. Buyer Comment (2024-11-15): updated closing disclosure and cure uploaded |
11/19/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 593 | (redacted) | 33651722 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [Redacted] business days prior to consummation. | Provide evidence the borrower received the [Redacted] Appraisal at least [Redacted]days prior to closing. | Reviewer Comment (2024-11-06): Delivery Receipt of appraisal received and updated. Exception cleared Buyer Comment (2024-11-06): Initial appraisal report and proof of delivery of original appraisal report Buyer Comment (2024-11-05): Evidence appraisal delivered to borrower, appraisal effective date is [redacted] - signature date is [redacted] |
11/06/2024 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 593 | (redacted) | 33651723 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Provide evidence the borrower received the [Redacted] Appraisal at least [Redacted]days prior to closing. | Reviewer Comment (2024-11-06): Delivery Receipt of appraisal received and updated. Exception cleared Buyer Comment (2024-11-06): Initial appraisal report and proof of delivery of original appraisal report Buyer Comment (2024-11-05): appraisal report date is [redacted] , see uploaded evidence of appraisal delivery |
11/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 593 | (redacted) | 33651724 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [Redacted]) business days prior to consummation. | Provide evidence the borrower received the [Redacted] Appraisal at least [Redacted]days prior to closing. | Reviewer Comment (2024-11-06): Delivery Receipt of appraisal received and updated. Exception cleared Buyer Comment (2024-11-06): Initial appraisal report and proof of delivery of original appraisal report Buyer Comment (2024-11-05): evidence of appraisal delivery uploaded |
11/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 594 | (redacted) | 33651727 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Divorce Decree / Child Support not provided | File should contain supporting documentation as evidence of the obligation, such as a final divorce decree, property settlement agreement, signed legal separation agreement, or court order. | Reviewer Comment (2024-12-04): Verification of child support provided Buyer Comment (2024-11-25): Please note, borrower was never married and documentation provided reflects borrower paying arrears and is sufficient. Please escalate to [redacted] /[redacted] . Reviewer Comment (2024-11-22): Exception Remains - The received document is not the Divorce Decree / Child Support document. Require complete Divorce Decree / Child Support document. Buyer Comment (2024-11-22): Child support documentation uploaded. Buyer Comment (2024-11-21): Please see TD bank statements #[redacted] used for income, also reflects [redacted] months of $[redacted] electronic payment. (Payments made on the [redacted] th) Reviewer Comment (2024-11-14): Borrower is paying child support so please provide related documents for the same, Exception remains. Buyer Comment (2024-11-13): Please note, there is no indication that a divorce decree is required. |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 594 | (redacted) | 33651732 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Subject Property is a Non-Warrantable Condo and is an ineligible property type in the Guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Lender compensating factor. Housing ratio [redacted]% or less. Excellent Credit Management with FICO [redacted]+ |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-11-05): Lender compensating factors for exception waive. |
11/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 594 | (redacted) | 33651733 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | The required reserves are [Redacted]months. The Borrowers calculated reserves are [Redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Lender compensating factor. Housing ratio [redacted]% or less. Excellent Credit Management with FICO [redacted]+ |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-11-05): Lender provided compensating factors for exception waive. |
11/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 594 | (redacted) | 33651734 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | The required reserves are [Redacted]months. The Borrowers calculated reserves are [Redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Lender compensating factor. Housing ratio [redacted]% or less. Excellent Credit Management with FICO [redacted]+ |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-11-05): Lender compensating factor for exception waive. |
11/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 594 | (redacted) | 33651735 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The required reserves are [Redacted]months. The Borrowers calculated reserves are [Redacted]. The Subject Property is a Non-Warrantable Condo and is an ineligible property type in the Guidelines. | Reviewer Comment (2024-11-06): Lender Exception provided. System cleared. |
11/06/2024 | 1 | B | A | C | A | B | A | C | A | B | A | CT | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 594 | (redacted) | 33651736 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The required reserves are [Redacted]months. The Borrowers calculated reserves are [Redacted]. The Subject Property is a Non-Warrantable Condo and is an ineligible property type in the Guidelines. | Reviewer Comment (2024-11-06): Lender Exception provided. System cleared. |
11/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 594 | (redacted) | 33651737 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | The required reserves are [Redacted]months. The Borrowers calculated reserves are [Redacted]. The Subject Property is a Non-Warrantable Condo and is an ineligible property type in the Guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Lender compensating factor. Housing ratio [redacted]% or less. Excellent Credit Management with FICO [redacted]+ |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-11-05): Lender compensating factor for exception waive. |
11/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 595 | (redacted) | 33651742 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [Redacted]) business days of application. | Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within[Redacted]business days of application. | Buyer Comment (2024-11-25): Approve Reviewer Comment (2024-11-22): Disclosure received however, document was not provided to borrower withing [redacted] business days of application. Exception is an EV2 and can be waived. Buyer Comment (2024-11-08): signed ABA disclosure dated within [redacted] days of application |
11/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 596 | (redacted) | 33651744 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations: G. Are there any outstanding judgments against you? reflects Yes. Missing documented and/or does not meet guideline requirements. | - | 1003/Declarations: G. Are there any outstanding judgments against you? was marked Yes on the 1003. Provide documentation of judgement. | Reviewer Comment (2024-12-12): Payoff and CD in file. Buyer Comment (2024-12-06): Payoff attached, please see most recent response to demonstrate how this is verified as the current balance of the judgment in question. Reviewer Comment (2024-12-04): Exception remains we require judgement payoff statement. Buyer Comment (2024-11-27): The documentation in the file demonstrates the current balance of tax debt associated with the borrower and judgment is $[redacted] which is the amount paid at closing. This is sufficient to meet guidelines. The judgment is against "[redacted] ([redacted] )" and the statement dated [redacted] shows the account as "[redacted] - [redacted] AND [redacted] " with a total account balance. This is an updated payoff amount, and that amount was used as a payoff balance. Reviewer Comment (2024-11-14): The provided document in file reflecting unsatisfied is dated [redacted] , please provide final title to reflect all liens have been satisfied, Exception remains. Buyer Comment (2024-11-13): 1008 included notes regarding loan modification, judgments and federal debt outstanding, letter of explanation in file supporting purpose of cash out to payoff outstanding debt. payoff demands included for all debt paid off and final CD supporting debt paid uploaded and included in file. |
12/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 596 | (redacted) | 33651745 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations: H. Are you currently delinquent or in default on a Federal debt? reflects Yes. Missing documented and/or does not meet guideline requirements. | - | 1003/Declarations: G. Are there any outstanding judgments against you? was marked Yes on the 1003. Provide documentation of judgement. | Reviewer Comment (2024-12-12): Payoff and CD in file. Buyer Comment (2024-12-06): Please see finding [redacted]. Reviewer Comment (2024-12-04): Exception remains we require judgement payoff statement. Buyer Comment (2024-11-27): Please see finding [redacted]. Reviewer Comment (2024-11-14): The provided document in file reflecting unsatisfied is dated [redacted] , please provide final title to reflect all liens have been satisfied, Exception remains. Buyer Comment (2024-11-13): 1008 included notes regarding loan modification, judgments and federal debt outstanding, letter of explanation in file supporting purpose of cash out to payoff outstanding debt. payoff demands included for all debt paid off and final CD supporting debt paid uploaded and included in file. |
12/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 596 | (redacted) | 33651748 | Compliance | Compliance | State Compliance | Misc. State Level | Colorado Consumer Credit Code (First Lien Refinance Notice Not Provided) | [redacted] Consumer Credit Code: Borrower not provided First Lien Refinance Notice. | Borrower not provided First Lien Refinance Notice. | Reviewer Comment (2024-11-22): Disclosure provided, system cleared. Buyer Comment (2024-11-13): CO First Lien Refinance Disclosure uploaded |
11/22/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 596 | (redacted) | 33651753 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least three ([redacted]) business days prior to consummation | Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least three ([redacted]) business days prior to consummation | Reviewer Comment (2024-11-13): [redacted] received proof of earlier [redacted] Rev CD receipt electronically Buyer Comment (2024-11-12): disclosure tracking summary and details supporting borrower receipt of updated cd for change in loan amount prior to closing |
11/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | TRID timing exception, no remediation available. | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 596 | (redacted) | 33651754 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted]exceeds tolerance of $-[redacted]. Insufficient or no cure was provided to the borrower. | [redacted]Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted]exceeds tolerance of $-[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-11-15): [redacted] received valid COC. Buyer Comment (2024-11-13): Disclosure tracking details supporting borrower receipt of locked loan, updated CD and redisclosure cover letter removing original disclosed lender credit. |
11/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 596 | (redacted) | 33651757 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Appraisal fee increased to $[redacted]without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-11-15): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2024-11-13): Updated CD including principal reduction and cure for increased appraisal fee uploaded |
11/15/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CO | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 596 | (redacted) | 33651759 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender approved an exception for LTV [redacted]%, Max guidelines LTV [redacted]%. Compensating factors included residual income greater than $[redacted]and low housing ration of [redacted]% or less. | Borrower has verified disposable income of at least $[redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. Borrower has owned the subject property for at least [redacted] years. |
Residual Income greater than $[readcted]. | SitusAMC,Originator SitusAMC SitusAMC |
Reviewer Comment (2024-11-05): Lender exception with compensating factors. Reviewer Comment (2024-11-04): Lender exception for LTV [redacted] % (Guideline Max LTV [redacted] %) Residual income greater than $[redacted] ; Low housing ratio of [redacted] % or less. |
11/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 596 | (redacted) | 33651760 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2024-12-12): Delivery provided. Buyer Comment (2024-11-27): See attached, CDA was delivered electronically to borrower and viewed the same day. Reviewer Comment (2024-11-22): The loan file is missing delivery of the CDA within [redacted] business days prior to closing as there was a value difference between the [redacted] reports. This exception is an EV2 and can be elected to waive. Buyer Comment (2024-11-12): borrower acknowledgment receipt of appraisal uploaded |
12/12/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CO | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 596 | (redacted) | 33651761 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted]Percent Tolerance Violation With Sufficient Cure - [redacted]([redacted])([redacted]) Cure | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Sufficient cure provided at closing | Reviewer Comment (2024-11-15): Sufficient Cure Provided within [redacted] Days of Closing |
11/15/2024 | 1 | A | A | A | A | A | CO | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 597 | (redacted) | 33651767 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least four ([redacted]) business days prior to closing. | The initial Closing Disclosures in file are not signed/dated; therefore, the "mailbox rule" is assumed and the presumed delivery date would not have been at least [redacted] business days prior to consummation. | Reviewer Comment (2024-11-13): E-signed LE provided Buyer Comment (2024-11-12): LE uploaded. |
11/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | No Defined Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 597 | (redacted) | 33651768 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | The DTI is higher due to the hazard insurance premium for the renewal policy being higher than the premium used for the loan approval. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Residual income > $[readcted] Low default risk with substantial equity, LTV [redacted]% lower than matrix. Excellent credit management with FICO [redacted]+. Prior homeownership experience (No FC or Short Sale) |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-22): Lender exception with compensating factors. Buyer Comment (2024-11-14): Post Consummation Exception Approval for DTI slightly over guideline max. Reviewer Comment (2024-11-13): Renewal hazard insurance policy is in the file, it has premium of $[redacted] . Because of this, DTI is higher. Exception remains. Buyer Comment (2024-11-12): PITI break down as follows: PI $[redacted] , monthly hazard $[redacted] , monthly taxes $[redacted] total $[redacted] . All other monthly payments $[redacted] . Monthly income $[redacted] . DTI [redacted] % |
11/22/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 597 | (redacted) | 33651769 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The DTI is higher due to the hazard insurance premium for the renewal policy being higher than the premium used for the loan approval. | Reviewer Comment (2024-11-22): Lender exception with compensating factors, system cleared. Buyer Comment (2024-11-12): PITI break down as follows: PI $[redacted] , monthly hazard $[redacted] , monthly taxes $[redacted] total $[redacted] . All other monthly payments $[redacted] . Monthly income $[redacted] . DTI [redacted] % |
11/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 597 | (redacted) | 33651770 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | The DTI is higher due to the hazard insurance premium for the renewal policy being higher than the premium used for the loan approval. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Residual income > $[readcted] Low default risk with substantial equity, LTV [redacted]% lower than matrix. Excellent credit management with FICO [redacted]+. Prior homeownership experience (No FC or Short Sale) |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-22): Lender exception with compensating factors. Buyer Comment (2024-11-12): PITI break down as follows: PI $[redacted] , monthly hazard $[redacted] , monthly taxes $[redacted] total $[redacted] . All other monthly payments $[redacted] . Monthly income $[redacted] . DTI [redacted] % |
11/22/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 597 | (redacted) | 33651771 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The DTI is higher due to the hazard insurance premium for the renewal policy being higher than the premium used for the loan approval. | Reviewer Comment (2024-11-22): Lender exception with compensating factors, system cleared. Buyer Comment (2024-11-12): PITI break down as follows: PI $[redacted] , monthly hazard $[redacted] , monthly taxes $[redacted] total $[redacted] . All other monthly payments $[redacted] . Monthly income $[redacted] . DTI [redacted] % |
11/22/2024 | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 598 | (redacted) | 33651773 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2024-11-13): UCDP SSR received with scores. Exception Cleared. Buyer Comment (2024-11-08): SSR's with score of [redacted] uploaded, secondary valuation not required. |
11/13/2024 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | A | A | A | B | A | D | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 598 | (redacted) | 33651779 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank [redacted]): Safe Harbor requirements not satisfied. | Safe Harbor requirements not satisfied due to Lender named on Appraisal differs from Lender on Note. | Reviewer Comment (2024-11-22): Appraisal transfer letter provided, system cleared. Buyer Comment (2024-11-08): Appraisal transfer letter uploaded |
11/22/2024 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | D | A | A | A | B | A | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 599 | (redacted) | 33651780 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three business days prior to consummation. | Buyer Comment (2025-01-06): Approve Reviewer Comment (2024-12-31): Exception Remains - Required proof of delivery of appraisal report dated [redacted] and within [redacted] days prior to closing. Buyer Comment (2024-12-18): Initial appraisal uploaded reflecting no changes to the value. Reviewer Comment (2024-12-17): Delivery provided but not within 3 business days of closing. Exception is an EV2 and can be elected to waive. Buyer Comment (2024-12-10): Proof revised appraisal delivered to borrower. Please downgrade and waive as the appraisal was revised for material reasons and does not affect value. |
01/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 599 | (redacted) | 33651781 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted]Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. | Reviewer Comment (2025-01-08): Prior copy of appraisal received. Cleared. Buyer Comment (2024-12-18): Initial appraisal uploaded reflecting no changes to the value. Reviewer Comment (2024-12-17): We have evidence of a revised appraisal being provided to the borrower on [redacted] (which they received on [redacted] ). With a consummation date of [redacted] , this is flagged as not being received at least [redacted] business days before closing. Possible downgrade to EV2-B if it can be demonstrated that there was no change in the appraised value from the initial appraisal the was provided. This would allow the status for both Federal and MA HPML to go to Compliant. Evidence of the revised appraisal(s) must be provided showing there was no change in the appraised value. Buyer Comment (2024-12-10): Proof revised appraisal delivered to borrower. Please downgrade and waive as the appraisal was revised for material reasons and does not affect value. |
01/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 599 | (redacted) | 33651782 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three business days prior to consummation. | Reviewer Comment (2025-01-08): Prior copy of appraisal received. Cleared. Buyer Comment (2024-12-18): Initial appraisal uploaded reflecting no changes to the value. Reviewer Comment (2024-12-17): We have evidence of a revised appraisal being provided to the borrower on [redacted] (which they received on [redacted] ). With a consummation date of [redacted] , this is flagged as not being received at least [redacted] business days before closing. Possible downgrade to EV2-B if it can be demonstrated that there was no change in the appraised value from the initial appraisal the was provided. This would allow the status for both Federal and [redacted] HPML to go to Compliant. Evidence of the revised appraisal(s) must be provided showing there was no change in the appraised value. Buyer Comment (2024-12-10): Proof revised appraisal delivered to borrower. Please downgrade and waive as the appraisal was revised for material reasons and does not affect value. |
01/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 599 | (redacted) | 33651785 | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) Massachusetts Higher-Priced Mortgage Loan (Loan Exceeds HPML Thresholds and failed One or More Federal HPML Provisions Making Loan a Non-Compliant MA HPML - Refer to Federal HPML Exceptions for more details) | [redacted]Higher-Priced Mortgage Loan: Federal HPML Not Compliant. Refer to failed messages for Federal HPML for more details. | Federal Higher-Priced Mortgage Loan is not compliant. | Reviewer Comment (2025-01-08): Prior copy of appraisal received. Cleared. Buyer Comment (2024-12-18): Initial appraisal uploaded reflecting no changes to the value. Reviewer Comment (2024-12-17): We have evidence of a revised appraisal being provided to the borrower on [redacted] (which they received on [redacted] ). With a consummation date of [redacted] , this is flagged as not being received at least [redacted] business days before closing. Possible downgrade to EV2-B if it can be demonstrated that there was no change in the appraised value from the initial appraisal the was provided. This would allow the status for both Federal and [redacted] HPML to go to Compliant. Evidence of the revised appraisal(s) must be provided showing there was no change in the appraised value. Buyer Comment (2024-12-10): Loan is not an HPML loan. |
01/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 599 | (redacted) | 33651786 | Compliance | Compliance | State Compliance | State HPML | [redacted] HPML Threshold Test Non-Compliant | [redacted]Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]% Non-Compliant Higher Priced Loan. | APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]% Non-Compliant Higher Priced Loan. | Reviewer Comment (2025-01-08): Prior copy of appraisal received. Cleared. Buyer Comment (2024-12-18): Initial appraisal uploaded reflecting no changes to the value. Reviewer Comment (2024-12-17): We have evidence of a revised appraisal being provided to the borrower on [redacted] (which they received on [redacted] ). With a consummation date of [redacted] , this is flagged as not being received at least [redacted] business days before closing. Possible downgrade to EV2-B if it can be demonstrated that there was no change in the appraised value from the initial appraisal the was provided. This would allow the status for both Federal and [redacted] HPML to go to Compliant. Evidence of the revised appraisal(s) must be provided showing there was no change in the appraised value. Buyer Comment (2024-12-10): Loan is not an HPML loan. |
01/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | No obvious cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 599 | (redacted) | 33651789 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of revised valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2025-01-08): Client elects to Waive. |
01/08/2025 | 2 | B | B | B | B | B | MA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 599 | (redacted) | 33651790 | Compliance | Compliance | State Compliance | State HPML | [redacted] HPML Threshold Test Compliant | [redacted]Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]% Compliant Higher Priced Loan. | Buyer Comment (2025-01-09): Approve |
01/09/2025 | 1 | B | B | B | B | B | MA | Primary | Refinance - Cash-out - Other | No obvious cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 600 | (redacted) | 33651792 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [redacted] | Loan is to be securitized. Secondary valuation is missing. | Reviewer Comment (2024-11-13): Received UCDP summary report with CU score [redacted] , Exception cleared. Buyer Comment (2024-11-13): UCDP with score of [redacted] supporting no secondary valuation required uploaded |
11/13/2024 | 1 | D | A | D | A | D | A | D | A | D | A | TN | Primary | Refinance - Cash-out - Debt Consolidation | D | B | C | B | C | B | D | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 600 | (redacted) | 33651795 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Rural Property Ineligible. | The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrower has owned the subject property for at least [redacted] years. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors provided. Total monthly payment savings of at least $[redacted] to $[redacted] per month. Prior Homeownership Experience (No FC or Short Sale). |
SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-01-28): CF Update. Reviewer Comment (2024-11-07): Lender exception with compensating factors. Reviewer Comment (2024-11-07): Rural property is ineligible. Prior Homeownership experience (No FC or Short Sale). |
11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Refinance - Cash-out - Debt Consolidation | D | B | C | B | C | B | D | A | Non QM | Non QM | No | ||||||||
| (redacted) | 600 | (redacted) | 33651796 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Additional Party on Bank Statements. | The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrower has owned the subject property for at least [redacted] years. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors provided. Total monthly payment savings of at least $[redacted] to $[redacted] per month. Prior Homeownership Experience (No FC or Short Sale). |
SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-01-28): CF Update. Reviewer Comment (2024-11-07): Lender exception with compensating factors. Reviewer Comment (2024-11-07): Lender exception for additional party on bank statements. Prior Homeownership experience (No FC or Short Sale)> |
11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Refinance - Cash-out - Debt Consolidation | D | B | C | B | C | B | D | A | Non QM | Non QM | No | ||||||||
| (redacted) | 600 | (redacted) | 33651797 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Rural Property Ineligible and Additional Party on Bank Statements. | The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrower has owned the subject property for at least [redacted] years. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors provided. Total monthly payment savings of at least $[redacted] to $[redacted] per month. Prior Homeownership Experience (No FC or Short Sale). |
SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-01-28): CF Update. Reviewer Comment (2024-11-07): Lender exception with compensating factors. Reviewer Comment (2024-11-07): Lender exception for rural property and additional party on bank statements. Prior Homeownership experience (No FC or Short Sale)> |
11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Refinance - Cash-out - Debt Consolidation | D | B | C | B | C | B | D | A | Non QM | Non QM | No | ||||||||
| (redacted) | 600 | (redacted) | 33651798 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Investor Qualifying Residual income discrepancy. | Calculated investor qualifying disposable income of ___ is less than AUS required disposable income of ___. | Calculated investor qualifying disposable income of $[redacted]is less than AUS required disposable income of $[redacted]. | Miscellaneous Borrower has owned the subject property for at least [redacted] years. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous |
Prior Homeownership Experience (No FC or Short Sale). Lender Exception with Compensating Factors provided. Total monthly payment savings of at least $[redacted] to $[redacted] per month. |
Originator SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-28): CF Update. Reviewer Comment (2024-11-27): Lender exception with compensating factors. Buyer Comment (2024-11-15): pc exception for lack of residual income per guidelines |
11/27/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TN | Primary | Refinance - Cash-out - Debt Consolidation | D | B | C | B | C | B | D | A | Non QM | Non QM | No | |||||||
| (redacted) | 600 | (redacted) | 33651799 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Calculated investor qualifying disposable income of $[redacted]is less than AUS required disposable income of $[redacted]. | Miscellaneous Borrower has owned the subject property for at least [redacted] years. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous |
Prior Homeownership Experience (No FC or Short Sale). Lender Exception with Compensating Factors provided. Total monthly payment savings of at least $[redacted] to $[redacted] per month. |
Originator SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-28): CF Update. Reviewer Comment (2024-11-27): Lender exception with compensating factors. Buyer Comment (2024-11-15): pc exception for lack of residual income per guidelines |
11/27/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TN | Primary | Refinance - Cash-out - Debt Consolidation | D | B | C | B | C | B | D | A | Non QM | Non QM | No | ||||||||
| (redacted) | 600 | (redacted) | 33651800 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Calculated investor qualifying disposable income of $[redacted]is less than AUS required disposable income of $[redacted]. | Reviewer Comment (2024-11-27): Lender exception with compensating factors, system cleared. Buyer Comment (2024-11-15): pc exception for lack of residual income per guidelines |
11/27/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TN | Primary | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM Loan Designation | D | B | C | B | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 600 | (redacted) | 33651801 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Calculated investor qualifying disposable income of $[redacted]is less than AUS required disposable income of $[redacted]. | Reviewer Comment (2024-11-27): Lender exception with compensating factors, system cleared. Buyer Comment (2024-11-15): pc exception for lack of residual income per guidelines |
11/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Debt Consolidation | D | B | C | B | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 600 | (redacted) | 33651802 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Calculated investor qualifying disposable income of $[redacted]is less than AUS required disposable income of $[redacted]. | Reviewer Comment (2024-11-27): Lender exception with compensating factors, system cleared. Buyer Comment (2024-11-15): pc exception for lack of residual income per guidelines |
11/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Debt Consolidation | D | B | C | B | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 600 | (redacted) | 33651804 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee disclosed as $[redacted]on LE dated [redacted], but disclosed as $[redacted]on Final Closing Disclosure. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-11-15): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2024-11-13): Updated CD and cure |
11/15/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TN | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | C | B | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 600 | (redacted) | 33651805 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - [redacted](f)([redacted]) Cure | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-11-27): Sufficient Cure Provided within [redacted] Days of Closing |
11/27/2024 | 1 | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Debt Consolidation | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | D | B | C | B | C | B | D | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 601 | (redacted) | 33651806 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2024-11-14): UCDP document received and updated . Exception cleared Buyer Comment (2024-11-12): Appraisal review CU uploaded. |
11/14/2024 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Primary | Refinance - Cash-out - Other | D | A | A | A | C | A | D | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 601 | (redacted) | 33651810 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014 ): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | List of Homeownership Counselling disclosure is missing in file. | Reviewer Comment (2024-12-09): Received Buyer Comment (2024-11-26): List uploaded. Reviewer Comment (2024-11-25): Please provide the list provided to the borrower. Buyer Comment (2024-11-12): Please see image D[redacted] page [redacted] reflecting list included with initial disclosures package. |
12/09/2024 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | D | A | A | A | C | A | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 601 | (redacted) | 33651811 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Itemization of Points and Fees Not Provided) | [redacted] Constitution Section 50(a)(6): Final Itemized disclosure of fees, points, costs and charges not provided to borrower at least one ([redacted]) business day prior to closing. | Itemized Disclosure document is missing in file. | Reviewer Comment (2024-11-25): Document provided, system cleared. Buyer Comment (2024-11-14): Final Itemization received by borrower at least [redacted] business day prior to consummation. |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | D | A | A | A | C | A | D | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 601 | (redacted) | 33651812 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-04): Sufficient Cure Provided At Closing |
11/04/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | D | A | A | A | C | A | D | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 602 | (redacted) | 33651813 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is in a FEMA disaster area. Provide a satisfactory post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [redacted] (Severe Storms, Flooding, Landslides and Mudslides) Declared Disaster End Date. | Reviewer Comment (2024-11-20): Property Inspection Report received and associated. Exception Cleared. Buyer Comment (2024-11-19): FEMA inspection report uploaded; no damage noted to property |
11/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 602 | (redacted) | 33651817 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Desk Review Fee of $[redacted]was not disclosed on Loan Estimate. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-12-10): [redacted] received COC dated [redacted] . Buyer Comment (2024-12-09): The change of circumstance described the reason the fee change - the appraisal value returned a result different than what was initially estimated. Reviewer Comment (2024-12-09): [redacted] received Changed Circumstance dated [redacted] , but it does not give sufficient information on why the fee was added. In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2024-12-06): The addition of the fee was disclosed on [redacted] , please see attached. |
12/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 602 | (redacted) | 33651818 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Allow Non-Permanent Resident (Guidelines do not allow for Non-Permanent Residence Category C09P). | Borrower has verified disposable income of at least $[redacted]. Borrower has been employed in the same industry for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Residual Income greater than $[readcted]. | SitusAMC,Originator SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-08): Lender granted exception approval with compensating factors in loan file. |
11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 602 | (redacted) | 33651819 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Allow Non-Permanent Resident (Guidelines do not allow for Non-Permanent Residence Category C09P). | Borrower has verified disposable income of at least $[redacted]. Borrower has been employed in the same industry for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Residual Income greater than $[readcted]. | SitusAMC,Originator SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-08): Lender granted exception approval with compensating factors in loan file. |
11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 602 | (redacted) | 33651820 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Business in Existence for less than [redacted] Years (Guidelines require a business be in existence for a minimum of [redacted] years, business was formed [redacted]). Loan file also missing [redacted] year work history for the borrower. | Borrower has verified disposable income of at least $[redacted]. Borrower has been employed in the same industry for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Residual Income greater than $[readcted]. | SitusAMC,Originator SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-08): Lender granted exception approval with compensating factors in loan file. |
11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 602 | (redacted) | 33651821 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Business in Existence for less than [redacted] Years (Guidelines require a business be in existence for a minimum of [redacted] years, business was formed [redacted]). Loan file also missing [redacted] year work history for the borrower. | Reviewer Comment (2024-11-25): Lender exception with compensating factors, system cleared. Buyer Comment (2024-11-13): [redacted] + year employment history Buyer Comment (2024-11-13): UW Exception approval for business existence less than [redacted] years uploaded |
11/25/2024 | 1 | B | A | C | A | B | A | C | A | B | A | CT | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 602 | (redacted) | 33651822 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Business in Existence for less than [redacted] Years (Guidelines require a business be in existence for a minimum of [redacted] years, business was formed [redacted]). | Reviewer Comment (2024-11-25): Lender exception with compensating factors, system cleared. Buyer Comment (2024-11-13): UW Exception approval for business existence less than [redacted] years uploaded |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 602 | (redacted) | 33651823 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Business in Existence for less than [redacted] Years (Guidelines require a business be in existence for a minimum of [redacted] years, business was formed [redacted]). Loan file also missing [redacted] year work history for the borrower. | Reviewer Comment (2024-11-25): Lender exception with compensating factors, system cleared. Buyer Comment (2024-11-13): Employment history Buyer Comment (2024-11-13): UW Exception approval for business existence less than [redacted] years uploaded |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 602 | (redacted) | 33651824 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Loan file missing [redacted] year work history for the borrower. | Reviewer Comment (2024-11-25): CPA letter reflects Borrower has been self employed for two years. Buyer Comment (2024-11-13): UW approved exception for lack of [redacted] year s/e history Buyer Comment (2024-11-13): [redacted] + years Employment history |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 603 | (redacted) | 33651826 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Loan Estimate issued on [redacted] does not reflect an Appraisal Re-Inspection Fee, the Closing Disclosure issued on [redacted] contains the fee in the amount of $[redacted]. The loan file does not contain evidence of a Changed Circumstance for added fee. | Reviewer Comment (2024-11-20): [redacted] received Letter of Explanation, Payment History and Corrected PCCD. Buyer Comment (2024-11-18): PCCD and payment history reflecting PR uploaded. |
11/20/2024 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 603 | (redacted) | 33651828 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Appraisal report reflect the subject as a Rural Property. | Borrower has verified disposable income of at least $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Residual Income greater than $[readcted]. FICO [redacted]+ Prior Homeownership Experience (No FC or Short Sale). |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-07): Lender exception with compensating factors. Reviewer Comment (2024-11-05): Lender exception for rural property (guidelines do not allow for rural properties). Residual income greater than $[redacted] ; Prior homeownership experience (No FC or Short Sale); Excellent credit management with FICO [redacted] +. |
11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 604 | (redacted) | 33651830 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation (Report Date [redacted]) to applicant three ([redacted]) business days prior to consummation. | Buyer Comment (2024-11-13): Approve |
11/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 605 | (redacted) | 33651833 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan Designation discrepancy due to the DTI ratio at approval is [redacted]% and the maximum DTI allowed on the Expanded Debt Ratio is [redacted]%. | Reviewer Comment (2024-11-08): System cleared after Lender Exception with Compensating Factors provided. |
11/08/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 605 | (redacted) | 33651835 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | The calculated DTI is [redacted]% and the maximum DTI allowed on the Expanded Debt Ratio is [redacted]%. | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly mortgage payment has decreased by at least [redacted]%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The refinance has decreased the borrower's monthly debt payments by [redacted]% or more. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Borrower has a clean housing payment history |
Substantial cash reserves Low default risk with equity, LTV [redacted]% lower than matrix Excellent Credit Management with FICO [redacted]+ Prior Homeownership Experience (No FC or Short Sale) |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-08): Lender Exception with Compensating Factors provided. |
11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 605 | (redacted) | 33651837 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | The calculated DTI is [redacted]% and the maximum DTI allowed on the Expanded Debt Ratio is [redacted]%. | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly mortgage payment has decreased by at least [redacted]%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The refinance has decreased the borrower's monthly debt payments by [redacted]% or more. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Borrower has a clean housing payment history |
Substantial cash reserves Low default risk with equity, LTV [redacted]% lower than matrix Excellent Credit Management with FICO [redacted]+ Prior Homeownership Experience (No FC or Short Sale) |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-08): Lender granted exception approval with compensating factors in loan file. |
11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 605 | (redacted) | 33651838 | Compliance | Compliance | Federal Compliance | TRID | TRID Lender Credit Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-[redacted] exceeds tolerance of $-[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | The final signed and dated Closing Disclosure issued on [redacted] reflects a total of Lender credits in the amount of $[redacted]. The Post Closing Disclosure issued on [redacted] reflects a total of Lender credits in the amount of $[redacted]. The loan file does not contain evidence of the decreased credits towards Borrower. | Reviewer Comment (2024-11-06): Sufficient Cure Provided At Closing |
11/06/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 605 | (redacted) | 33651839 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | The calculated DTI is [redacted]% and the maximum DTI allowed on the Expanded Debt Ratio is [redacted]%. | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly mortgage payment has decreased by at least [redacted]%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The refinance has decreased the borrower's monthly debt payments by [redacted]% or more. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Borrower has a clean housing payment history |
Substantial cash reserves Low default risk with equity, LTV [redacted]% lower than matrix Excellent Credit Management with FICO [redacted]+ Prior Homeownership Experience (No FC or Short Sale) |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-08): Lender granted exception approval with compensating factors in loan file. |
11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 606 | (redacted) | 33651844 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk due to [redacted]% DTI exception. | Reviewer Comment (2024-11-14): Lender Exception with Compensating Factors, system cleared. |
11/14/2024 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 606 | (redacted) | 33651845 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | Calculated investor qualifying total debt ratio of [redacted]% exceeds Guideline total debt ratio of [redacted]%. [redacted]% DTI exception . | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-14): Lender Exception with Compensating Factors. |
11/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 606 | (redacted) | 33651846 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Based on the loan failing one or more guideline components, the loan is at ATR risk. [redacted]% DTI exception. | Reviewer Comment (2024-11-14): Lender Exception with Compensating Factors, system cleared. |
11/14/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 606 | (redacted) | 33651847 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | The DTI calculated in accordance with the Lenders Guidelines and [redacted]([redacted])([redacted]) of [redacted]% moderately exceeds the guideline maximum of [redacted]%. [redacted]% DTI Exception. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-14): Lender Exception with Compensating Factors. |
11/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 607 | (redacted) | 33651857 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation (Report date [redacted]) to applicant three ([redacted]) business days prior to consummation. | Buyer Comment (2024-11-22): Approve |
11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 607 | (redacted) | 33651858 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation (Report Date [redacted]) to applicant three ([redacted]) business days prior to consummation. | Buyer Comment (2024-11-22): Approve |
11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 607 | (redacted) | 33651861 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | LTV [redacted]% (Guideline: [redacted]% for loan amount >[redacted].) | Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous Borrower has verified disposable income of at least $[redacted]. |
Borrower's own funds for down payment & closing (No gifts or DPA). Excellent credit management with FICO [redacted]. Residual Income greater than $[readcted]. |
Originator,SitusAMC Originator Originator,SitusAMC |
Buyer Comment (2024-11-22): Approve Reviewer Comment (2024-11-20): Lender approved an exception for LTV [redacted] % (Guideline: LTV [redacted] % for loan amount > $[redacted] .) |
11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 607 | (redacted) | 33651862 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | CLTV 80% (Guideline: [redacted]% for loan amount >[redacted].) | Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous Borrower has verified disposable income of at least $[redacted]. |
Borrower's own funds for down payment & closing (No gifts or DPA). Excellent credit management with FICO [redacted]. Residual Income greater than $[readcted]. |
Originator,SitusAMC Originator Originator,SitusAMC |
Buyer Comment (2024-11-22): Approve Reviewer Comment (2024-11-20): Lender approved an exception for LTV [redacted] % (Guideline: LTV [redacted] % for loan amount > $[redacted] .) |
11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 607 | (redacted) | 33651863 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | LTV/CLTV [redacted]% (Guideline: [redacted]% for loan amount >[redacted].) | Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous Borrower has verified disposable income of at least $[redacted]. |
Borrower's own funds for down payment & closing (No gifts or DPA). Excellent credit management with FICO [redacted]. Residual Income greater than $[readcted]. |
Originator,SitusAMC Originator Originator,SitusAMC |
Buyer Comment (2024-11-22): Approve Reviewer Comment (2024-11-20): Lender approved an exception for LTV [redacted] % (Guideline: LTV [redacted] % for loan amount > $[redacted] .) |
11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 607 | (redacted) | 33651864 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on page [redacted] that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [redacted]). The disclosed Total of Payments in the amount of $[redacted] is under disclosed by $[redacted]compared to the calculated total of payments of $[redacted] which exceeds the $[redacted]threshold. | Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on page [redacted] that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [redacted]). The disclosed Total of Payments in the amount of $[redacted]is under disclosed by $[redacted]compared to the calculated total of payments of $[redacted]which exceeds the $[redacted]threshold. (Final/[redacted]) | Reviewer Comment (2024-12-12): [redacted] received PCCD, LOE copy of refund check, and proof of mailing. Buyer Comment (2024-12-10): PCCD, LOE, cure check and proof of delivery uploaded. |
12/12/2024 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 608 | (redacted) | 33651871 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | The Tolerance Cure was located on the signed and dated Closing Disclosure. | Reviewer Comment (2024-11-08): Sufficient Cure Provided At Closing |
11/08/2024 | 1 | A | A | A | A | A | A | A | A | A | A | VA | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 610 | (redacted) | 33651875 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Reviewer Comment (2024-12-17): Tracking provided, system cleared. Buyer Comment (2024-12-09): Please see attached Disclosure Tracking Details; page [redacted] is missing from Acuity binder but shows the required disclosure was included in the initial package. |
12/17/2024 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 610 | (redacted) | 33651876 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | A revised final CD or a changed circumstance should be provided to validate the fee modification on the final CD that was released on [redacted], with no noticeable valid change. | Reviewer Comment (2024-11-08): Sufficient Cure Provided At Closing |
11/08/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | Final CD evidences Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 610 | (redacted) | 33651877 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | The guidelines require a FICO of [redacted] to use cash-out proceeds for reserves, the Borrowers credit score is [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Prior Homeownership Experience (No FC or SS). Housing Ratio [redacted]% or less. |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-12-18): Lender Exception with Compensating Factors provided. Reviewer Comment (2024-12-17): Please provide an updated approval reflecting the reason for requiring an exception for reserves. Buyer Comment (2024-12-09): An exception for reserves was approved prior to close, see attached approval. |
12/18/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 610 | (redacted) | 33651878 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | The guidelines require a FICO of [redacted] to use cash-out proceeds for reserves, the Borrowers credit score is [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Prior Homeownership Experience (No FC or SS). Housing Ratio [redacted]% or less. |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-12-18): Lender Exception with Compensating Factors provided. Reviewer Comment (2024-12-17): Please provide an updated approval reflecting the reason for requiring an exception for reserves. Buyer Comment (2024-12-09): Please see finding [redacted]. |
12/18/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 610 | (redacted) | 33651879 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The guidelines require a FICO of [redacted] to use cash-out proceeds for reserves, the Borrowers credit score is [redacted]. | Reviewer Comment (2024-12-18): System cleared after Lender Exception with Compensating Factors provided. Reviewer Comment (2024-12-17): Please provide an updated approval reflecting the reason for requiring an exception for reserves. Buyer Comment (2024-12-09): Please see finding [redacted]. |
12/18/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 610 | (redacted) | 33651880 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The guidelines require a FICO of [redacted] to use cash-out proceeds for reserves, the Borrowers credit score is [redacted]. | Reviewer Comment (2024-12-18): System cleared after Lender Exception with Compensating Factors provided. Reviewer Comment (2024-12-17): Please provide an updated approval reflecting the reason for requiring an exception for reserves. Buyer Comment (2024-12-09): Please see finding [redacted]. |
12/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 610 | (redacted) | 33651881 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The guidelines require a FICO of [redacted] to use cash-out proceeds for reserves, the Borrowers credit score is [redacted]. | Reviewer Comment (2024-12-18): System cleared after Lender Exception with Compensating Factors provided. Reviewer Comment (2024-12-17): Please provide an updated approval reflecting the reason for requiring an exception for reserves. Buyer Comment (2024-12-09): Please see finding [redacted]. |
12/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 610 | (redacted) | 33651885 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-10): Sufficient Cure Provided At Closing |
12/10/2024 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | Final CD evidences Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 611 | (redacted) | 33651888 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated PITIA months reserves of is less than Guideline PITIA months reserves of [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Miscellaneous Miscellaneous |
Total monthly payment savings of $[redacted] a month or more. Prior Homeownership Experience (No FC or SS). |
SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-12-12): Lender Exception with Compensating Factors provided. Buyer Comment (2024-11-27): Please see page [redacted] , Underwriting Exception Details for Credit Exception Type: Reserves. Reviewer Comment (2024-11-27): Exception Remains - Lender exception has been provided, but there is not exception comment for reserve has been provided. Buyer Comment (2024-11-25): UPE approved PTC by [redacted] uploaded. |
12/12/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 611 | (redacted) | 33651889 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Calculated PITIA months reserves of is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2024-12-12): Lender Exception with Compensating Factors provided. Buyer Comment (2024-11-27): Please see page [redacted] , Underwriting Exception Details for Credit Exception Type: Reserves. Reviewer Comment (2024-11-27): Exception Remains - Lender exception has been provided, but there is not exception comment for reserve has been provided. Buyer Comment (2024-11-25): UPE approved PTC by [redacted] uploaded. |
12/12/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 611 | (redacted) | 33651890 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The loan file does not contain the required [redacted] months reserves. | Reviewer Comment (2024-12-12): Lender Exception with Compensating Factors provided. Buyer Comment (2024-11-27): Please see page [redacted] , Underwriting Exception Details for Credit Exception Type: Reserves. Reviewer Comment (2024-11-27): Exception Remains - Lender exception has been provided, but there is not exception comment for reserve has been provided. Buyer Comment (2024-11-25): UPE approved PTC by [redacted] uploaded. |
12/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 611 | (redacted) | 33651891 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | The loan file does not contain the required [redacted] months reserves. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Miscellaneous Miscellaneous |
Total monthly payment savings of $[redacted] a month or more. Prior Homeownership Experience (No FC or SS). |
SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-12-12): Lender Exception with Compensating Factors provided. Buyer Comment (2024-11-27): Please see page [redacted] , Underwriting Exception Details for Credit Exception Type: Reserves. Reviewer Comment (2024-11-27): Exception Remains - Lender exception has been provided, but there is not exception comment for reserve has been provided. Buyer Comment (2024-11-25): UPE approved PTC by [redacted] uploaded. |
12/12/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 611 | (redacted) | 33651892 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Calculated PITIA months reserves of is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2024-12-12): Lender Exception with Compensating Factors provided. Buyer Comment (2024-11-27): Please see page [redacted] , Underwriting Exception Details for Credit Exception Type: Reserves. Reviewer Comment (2024-11-27): Exception Remains - Lender exception has been provided, but there is not exception comment for reserve has been provided. Buyer Comment (2024-11-25): UPE approved PTC by [redacted] uploaded. |
12/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 611 | (redacted) | 33651893 | Compliance | Compliance | Federal Compliance | TRID | TRID Lender Credit Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted]exceeds tolerance of $-[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-11): Sufficient Cure Provided At Closing |
11/11/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||||
| (redacted) | 612 | (redacted) | 33651896 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Initial Closing Disclosure reflects The Discount Points Fee as $[redacted]and the Closing Disclosure issues on [redacted] reflects the point Fee as $[redacted]. The loan file does not contain a valid Change of Circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-12-05): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2024-12-04): PCCD and payment history reflecting PR uploaded. Reviewer Comment (2024-11-22): [redacted] received a changed circumstance in original file dated [redacted] for an Escrow account changed. but there is no CD dated within that time frame. Provide any missing CD to associate with the changed circumstance dated [redacted] or provide valid changed circumstance for the CD dated [redacted] or cure is required. Buyer Comment (2024-11-20): Please see image D[redacted] reflecting VCOC for escrows being waived increasing discount points. |
12/05/2024 | 2 | C | B | C | B | C | B | C | B | C | B | MI | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 613 | (redacted) | 33651899 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-08): Sufficient Cure Provided At Closing |
11/08/2024 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 614 | (redacted) | 33651904 | Compliance | Compliance | State Compliance | State Defect | [redacted] CHL Complaint Agency Disclosure Timing Test | [redacted] Home Loan: Borrower not provided with a document, at time of application, specifying the agency designated to receive complaints or inquiries about the origination and making of the loan. | Complaint Agency Disclosure dated [redacted] was not dated within three days of the application date [redacted]. | Reviewer Comment (2025-01-10): Disclosure provided, system cleared. Buyer Comment (2024-12-20): Re-uploading initial disclosure previously uploaded. Disclosure dated [redacted] . Reviewer Comment (2024-12-20): Provide disclosure dated on or prior to [redacted] . Buyer Comment (2024-12-16): Initial disclosure uploaded. Reviewer Comment (2024-12-03): Two things wrong with D[redacted] . First is the document does not show document was signed by the lender which is required. [redacted] , to be within three days of the application date this document needed to be sent to the borrower on or before [redacted] . Buyer Comment (2024-11-21): Please see image D[redacted] , page [redacted] reflecting disclosure sent with the initial disclosures package. |
01/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 614 | (redacted) | 33651905 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | The Initial Loan Estimate the Recording Fee as $[redacted], the Closing Disclosure issued on [redacted] reflects a Recording Fee in the amount of $[redacted]. The loan file does not contain evidence of a Changed Circumstance for the increased fee. | Reviewer Comment (2024-12-05): [redacted] Received Corrected [redacted], LOE and Payment history. Buyer Comment (2024-12-04): PCCD and payment history reflecting PR uploaded. |
12/05/2024 | 2 | C | B | C | B | C | B | C | B | C | B | SC | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 614 | (redacted) | 33651906 | Compliance | Compliance | State Compliance | State Defect | South Carolina Home Loan (Acknowledgement of Receipt of Complaint Agency Disclosure Not In File) | [redacted] Home Loan: Borrower did not acknowledge receipt of document specifying the agency designated to receive complaints or inquiries about the origination and making of the loan. | Complaint Agency Disclosure dated [redacted] was not signed by Borrower. | Reviewer Comment (2024-12-20): Document provided. Buyer Comment (2024-12-16): Please note, disclosure does not call for it to be signed by lender. Reviewer Comment (2024-12-03): Two things wrong with [redacted]. First is the document does not show document was signed by the lender which is required. Second, to be within three days of the application date this document needed to be sent to the borrower on or before [redacted]. Buyer Comment (2024-11-21): Disclosure signed uploaded. |
12/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 614 | (redacted) | 33651907 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Initial Loan Estimate does not reflect the Credit Report Re-Issue Fee, the Closing Disclosure issued on [redacted] reflects a credit re-issue fee in the amount of $[redacted]. The loan file does not contain evidence of a Changed Circumstance for the additional fee. | Reviewer Comment (2024-12-05): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2024-12-04): PCCD and payment history reflecting PR uploaded. |
12/05/2024 | 2 | C | B | C | B | C | B | C | B | C | B | SC | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 615 | (redacted) | 33651909 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-01-03): Evidence of delivery provided post close, loan is now compliant. Buyer Comment (2024-12-17): Waterfall Reviewer Comment (2024-12-16): Required verification of delivery for secondary valuation [redacted] report. Exception remains. Buyer Comment (2024-12-13): Waterfall Reviewer Comment (2024-12-12): Evidence of delivery, even if post close, must be provided to downgrade. Unable to change grade without verification of delivery of the [redacted] report. Buyer Comment (2024-12-03): Waterfall of appraisal delivery addressed elsewhere |
01/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 615 | (redacted) | 33651911 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted]exceeds tolerance of $-[redacted]. Insufficient or no cure was provided to the borrower. | File does not contain a valid COC for this fee nor evidence of cure in file. | Reviewer Comment (2024-12-03): [redacted] received a valid COC. Buyer Comment (2024-12-03): The[redacted] lender credit was premised on the loan amount of [redacted] at rate [redacted] The final loan amount was [redacted], and so the loan amount change was a change of circumstance resulting in the removal of the [redacted] lender credit. |
12/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 615 | (redacted) | 33651912 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | File does not contain a valid COC for this fee nor evidence of cure in file. | Reviewer Comment (2024-12-03): [redacted] received a valid COC. Buyer Comment (2024-12-03): The increase from [redacted] was due to the underwriting exception approved on [redacted] for the borrower not meeting the standard reserves requirements (exception documented in finding [redacted]). This would have increased the rate, and so discount points were increased to compensate and maintain the same rate. This is a legitimate change of circumstance. |
12/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 615 | (redacted) | 33651913 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | File does not contain a valid COC for this fee nor evidence of cure in file. | Reviewer Comment (2024-12-03): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2024-12-03): The initial LE disclosed[redacted] for the document preparation fee, [redacted] cure was required. At funding [redacted] total was cured, which accounts for both the doc prep fee and [redacted] second appraisal fee. |
12/03/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 615 | (redacted) | 33651914 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | File is missing acknowledgment of receipt of appraisal ([redacted]) business days prior to consummation. | Buyer Comment (2024-12-03): Appraisal update |
12/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 615 | (redacted) | 33651915 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | File is missing acknowledgment of receipt of appraisal ([redacted]) business days prior to consummation. | Reviewer Comment (2025-01-03): Evidence of delivery provided post close, loan is now compliant. Reviewer Comment (2024-12-31): Received post dated verification of delivery for secondary valuation [redacted] report date. Required verification of delivery within [redacted] days prior to closing. Buyer Comment (2024-12-17): Attached. Reviewer Comment (2024-12-16): Required verification of delivery for secondary valuation [redacted] report. Exception remains. Buyer Comment (2024-12-13): Attached. Reviewer Comment (2024-12-12): Evidence of delivery, even if post close, must be provided to downgrade. Unable to change grade without verification of delivery of the [redacted] report. Buyer Comment (2024-12-03): The[redacted] copy was an updated version of the appraisal provided on[redacted] and already uploaded to Acuity. This update did not impact valuation. CMS has accepted the grade [redacted] finding for lacking evidence of delivery of an update which did not affect valuation, please rescind this duplicate finding. |
01/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 615 | (redacted) | 33651916 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Document Preparation Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Fee changed without a valid CofC. CofC at a minimum should include the original estimate of the cost, the specific reason for the revision and how it impacted the specific fee(s) that increased, revised amount, and the date of the changed circumstance. | Reviewer Comment (2024-12-16): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2024-12-13): Attached. Reviewer Comment (2024-12-09): [redacted] received LE dated [redacted], however no COC document received for addition of fee on LE dated [redacted] A valid Changed Circumstance or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2024-12-06): Please see attached LE dated [redacted] , doc prep fees are disclosed. Reviewer Comment (2024-12-03): [redacted] received rebuttal. However, the document preparation fee added on LE dated [redacted] for [redacted] . Kindly provide a valid COC as to why the fee added on LE dated[redacted] or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2024-12-03): The initial LE disclosed[redacted] for the document preparation fee, [redacted] cure was required. At funding [redacted] total was cured. |
12/16/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 615 | (redacted) | 33651917 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Lender Exception with Compensating Factors. Qualifying Ratios of [redacted] or less Excellent Credit Management with FICO [redacted] |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-25): Lender Exception with Compensating Factors. |
11/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 615 | (redacted) | 33651918 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2024-11-25): Lender Exception with Compensating Factors, system cleared. |
11/25/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 615 | (redacted) | 33651919 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Reviewer Comment (2024-11-25): Lender Exception with Compensating Factors, system cleared. |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 615 | (redacted) | 33651920 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Insufficient reserves | Reviewer Comment (2024-11-25): Lender Exception with Compensating Factors, system cleared. |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 615 | (redacted) | 33651921 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Insufficient reserves | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Lender Exception with Compensating Factors. Qualifying Ratios of [redacted] or less Excellent Credit Management with FICO [redacted] |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-11-25): Lender Exception with Compensating Factors. |
11/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 615 | (redacted) | 33651923 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant three ([redacted]) business days prior to consummation. | Evidence of delivery provided post close, loan is now compliant. | Buyer Comment (2025-01-08): Accept |
01/08/2025 | 2 | B | B | B | B | B | TX | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 616 | (redacted) | 33651929 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-21): Sufficient Cure Provided At Closing |
11/21/2024 | 1 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 617 | (redacted) | 33651931 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2024-12-05): [redacted] received E-sign consent. Buyer Comment (2024-12-04): Attached. |
12/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | A | C | A | C | A | D | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 617 | (redacted) | 33651932 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The subject property is located in a FEMA disaster area. A post disaster inspection dated after disaster end date of [redacted] verifying there was no damage to the subject property is required | Reviewer Comment (2025-01-07): PDI provided. Clear. Buyer Comment (2024-12-30): More recent inspection attached, no damage. Reviewer Comment (2024-12-16): Inspection report is dated [redacted] which is prior to the disaster declaration date of [redacted] Buyer Comment (2024-12-04): Attached. |
01/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | A | C | A | C | A | D | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 617 | (redacted) | 33651934 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [redacted] | Investor to provide CDA. as NO UCDP scores present in file. | Reviewer Comment (2024-12-06): LCA score provided. Exception cleared Buyer Comment (2024-12-04): Attached summary, see risk score on page [redacted] |
12/06/2024 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | A | C | A | C | A | D | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 617 | (redacted) | 33651935 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | No Documentation in the file to evidence borrower was provided with a copy of valuation three ([redacted]) business days prior to consummation. | Reviewer Comment (2024-12-06): Appraisal delivery document received which confirms appraisal report was sent to the borrower on [redacted]. Exception Cleared. Buyer Comment (2024-12-04): Please see finding [redacted]. |
12/06/2024 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | A | C | A | C | A | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 617 | (redacted) | 33651936 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. | Reviewer Comment (2024-12-06): Appraisal delivery document received which confirms appraisal report was sent to the borrower on [redacted]. Exception Cleared. Buyer Comment (2024-12-04): Please see finding [redacted]. |
12/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | A | C | A | C | A | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 617 | (redacted) | 33651937 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | No Documentation in the file to evidence borrower was provided with a copy of valuation three ([redacted]) business days prior to consummation. | Reviewer Comment (2024-12-06): Appraisal delivery document received which confirms appraisal report was sent to the borrower on [redacted]. Exception Cleared. Buyer Comment (2024-12-04): Appraisal was sent to and viewed by borrower on [redacted], see attached log. |
12/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | D | A | C | A | C | A | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 618 | (redacted) | 33651945 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three ([redacted]) business days prior to closing. | None of the copies of the initial Closing Disclosure in file are signed/dated; therefore, the "mailbox rule" is assumed and the presumed delivery date would not have been at least [redacted] business days prior to consummation. | Reviewer Comment (2024-12-04): [redacted] received initial CD. Buyer Comment (2024-12-03): Closing Disclosure signed at least [redacted] business days prior to closing. |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 619 | (redacted) | 33651947 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US [redacted] Status not provided | Reviewer Comment (2024-12-18): Updated, exception cleared. Buyer Comment (2024-12-11): The actual passport is not required. The passport information is disclosed on the Patriot Act Disclosure form, verified and notarized. Reviewer Comment (2024-12-09): Passport missing in loan file, Exception remains Buyer Comment (2024-12-04): The borrower is a resident of [redacted], per his passport, and so is not required to provide a visa as [redacted] is a member of the State Department's Visa Waiver Program. |
12/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 619 | (redacted) | 33651951 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-25): Sufficient Cure Provided At Closing |
11/25/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CT | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 620 | (redacted) | 33651954 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted]% tolerance was exceeded by $[redacted]due to increase of recording fee. No valid COC provided, nor evidence of cure in file. | Reviewer Comment (2024-12-05): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2024-12-04): PCCD and payment history reflecting PR uploaded. |
12/05/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NV | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 620 | (redacted) | 33651955 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Re-Issue Fee was not disclosed on LE but disclosed as $[redacted]on Final Closing Disclosure. File does not contain a valid COC for this fee, no evidence of cure in file. | Reviewer Comment (2024-12-02): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2024-11-27): Please see PCCD reflecting[redacted] cure due to increase in the credit report fee for [redacted]. This Cd was included in the original binder see page [redacted] |
12/02/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NV | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 620 | (redacted) | 33651956 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2024-12-12): Documentation provided. Cleared. Buyer Comment (2024-11-27): Please see proof of appraisal been delivered to our borrower. |
12/12/2024 | 1 | B | A | B | A | B | A | B | A | B | A | NV | Second Home | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 621 | (redacted) | 33651963 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | Exception set for appraisal transfer letter | Reviewer Comment (2024-11-29): Appraisal Transfer Letter document received and associated. Exception Cleared. Buyer Comment (2024-11-27): Please see Appraisal Transfer Letter attached. |
11/29/2024 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | B | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 621 | (redacted) | 33651964 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | The loan file is missing the appraisal transfer letter. | Reviewer Comment (2024-11-29): Appraisal Transfer Letter document received and associated. Exception Cleared. Buyer Comment (2024-11-27): Please see Appraisal Transfer Letter attached. |
11/29/2024 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | B | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 621 | (redacted) | 33651967 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2024-11-29): Appraisal delivery report document received, and information updated. Exception Cleared. Buyer Comment (2024-11-27): Please see Proof of appraisal been delivered to borrower attached. |
11/29/2024 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | B | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 621 | (redacted) | 33651968 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-11-29): Appraisal delivery report document received, and information updated. Exception Cleared. Buyer Comment (2024-11-27): Please see Proof of appraisal been delivered to borrower attached. |
11/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | B | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 621 | (redacted) | 33651969 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2024-11-29): Appraisal delivery report document received, and information updated. Exception Cleared. Buyer Comment (2024-11-27): Please see Proof of appraisal been delivered to borrower attached. |
11/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | B | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 621 | (redacted) | 33651973 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-02): Sufficient Cure Provided At Closing |
12/02/2024 | 1 | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | B | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 622 | (redacted) | 33651976 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Buyer Comment (2024-12-03): Approve |
12/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 622 | (redacted) | 33651977 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The loan file does not document the borrower's ownership percentage in the business used for income qualification. | Reviewer Comment (2024-12-10): CPA letter received and associated .Exception cleared Buyer Comment (2024-12-09): CPA letter reflecting [redacted] of ownership uploaded. Reviewer Comment (2024-12-04): Exception Remains - Required CPA letter or Articles of Organization with ownership percentage for both borrowers in GJPJ Holdings. Buyer Comment (2024-12-03): Percentage of ownership uploaded, Articles of Organization uploaded with initial file upload.) |
12/10/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 622 | (redacted) | 33651978 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The loan file does not document the borrower's ownership percentage in the business used for income qualification. | Reviewer Comment (2024-12-10): CPA letter received and associated .Exception cleared Buyer Comment (2024-12-09): CPA letter reflecting % of ownership uploaded. Reviewer Comment (2024-12-04): Exception Remains - Required CPA letter or Articles of Organization with ownership percentage for both borrowers in GJPJ Holdings. Buyer Comment (2024-12-03): Percentage of ownership uploaded, Articles of Organization uploaded with initial file upload.[redacted] |
12/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 622 | (redacted) | 33651979 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The loan file does not document the borrower's ownership percentage in the business used for income qualification. | Reviewer Comment (2024-12-10): CPA letter received and associated .Exception cleared Buyer Comment (2024-12-09): CPA letter reflecting % of ownership uploaded. Reviewer Comment (2024-12-04): Exception Remains - Required CPA letter or Articles of Organization with ownership percentage for both borrowers in GJPJ Holdings. Buyer Comment (2024-12-03): Percentage of ownership uploaded, Articles of Organization uploaded with initial file upload. [redacted] |
12/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 622 | (redacted) | 33651980 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The loan file does not document the borrower's ownership percentage in the business used for income qualification. | Reviewer Comment (2024-12-10): CPA letter received and associated .Exception cleared Buyer Comment (2024-12-09): CPA letter reflecting % of ownership uploaded. Reviewer Comment (2024-12-04): Exception Remains - Required CPA letter or Articles of Organization with ownership percentage for both borrowers in [redacted] Holdings. Buyer Comment (2024-12-03): Percentage of ownership uploaded, Articles of Organization uploaded with initial file upload.[redacted] |
12/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 623 | (redacted) | 33651984 | Compliance | Compliance | State Compliance | Misc. State Level | [redacted] CMPA Home Loan Toolkit Status | [redacted] Consumer Mortgage Protection Act: Home Loan Toolkit not provided to borrower. | [redacted] Consumer Mortgage Protection Act: Home Loan Toolkit not provided to borrower. | Buyer Comment (2024-11-27): Approve |
11/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 623 | (redacted) | 33651985 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The property is marked rural and is a modular home which is ineligible per guidelines. *****UPDATE [redacted] - Modular homes are eligible under this program. | Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors provided. Prior Homeownership Experience (No FC or SS). Total monthly payment savings of at least $[redacted] to $[redacted] per month. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2024-12-12): Lender Exception with Compensating Factors provided. Buyer Comment (2024-11-27): UPE approved PTC by [redacted] for rural property. Please note, modular property is eligible for the Flexible Advantage Plus program. |
12/12/2024 | 2 | C | B | C | B | C | B | C | B | C | B | MI | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 624 | (redacted) | 33651988 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Valid change circumstance is not provided. | Reviewer Comment (2024-11-27): Sufficient Cure Provided At Closing |
11/27/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 625 | (redacted) | 33651993 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | LTV of [redacted]% exceeds guideline max for loans with a FICO below [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. |
SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-12-04): Lender Exception with Compensating Factors. |
12/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 625 | (redacted) | 33651995 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for unverifiable housing history. Guidelines require cancelled checks or bank statements when rents are paid to an individual. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. |
SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2024-12-04): Lender Exception with Compensating Factors. |
12/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 625 | (redacted) | 33651997 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Flood Certification (Initial Fee). Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Fee changed without a valid CofC. CofC at a minimum should include the original estimate of the cost, the specific reason for the revision and how it impacted the specific fee(s) that increased, revised amount, and the date of the changed circumstance | Reviewer Comment (2024-12-04): Sufficient Cure Provided At Closing |
12/04/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 625 | (redacted) | 33651998 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Tax Service Fee (One Time). Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Fee changed without a valid CofC. CofC at a minimum should include the original estimate of the cost, the specific reason for the revision and how it impacted the specific fee(s) that increased, revised amount, and the date of the changed circumstance | Reviewer Comment (2024-12-04): Sufficient Cure Provided At Closing |
12/04/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 626 | (redacted) | 33652000 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2024-12-13): Exception cleared. Details updated correctly from property report. Buyer Comment (2024-12-12): Page [redacted] in Acuity includes the FNMA [redacted] Property Report showing risk score [redacted] |
12/13/2024 | 1 | D | A | D | A | D | A | D | A | D | A | OH | Primary | Refinance - Cash-out - Other | D | A | A | A | B | A | D | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 626 | (redacted) | 33652003 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Reviewer Comment (2024-12-19): Evidence provided. Buyer Comment (2024-12-12): Please see attached, the disclosure summary provided in Acuity is missing the second page. The complete version attached here shows the homeownership counseling list was provided. |
12/19/2024 | 1 | B | A | B | A | B | A | B | A | B | A | OH | Primary | Refinance - Cash-out - Other | D | A | A | A | B | A | D | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 626 | (redacted) | 33652007 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [redacted] exceeds tolerance of[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-13): Sufficient Cure Provided At Closing |
12/13/2024 | 1 | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | D | A | A | A | B | A | D | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 627 | (redacted) | 33652009 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The most recent valuation inspection of [redacted] is dated prior to the most recent FEMA disaster [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Property inspected post disaster but pre-FEMA declaration of disaster end date. |
Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC,Originator |
Reviewer Comment (2024-12-04): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] |
12/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 627 | (redacted) | 33652011 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. | Final Closing Disclosure provided on [redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section. | Buyer Comment (2025-01-06): accepted |
01/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | Good Faith Redisclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 627 | (redacted) | 33652013 | Credit | Income / Employment | Income Documentation | Missing Document | [redacted] Documents are missing. | - | Tax and Insurance verification for [redacted] not provided. | Reviewer Comment (2024-12-23): Received updated Final [redacted], Final Approval and [redacted] in which Tax and Insurance verification for [redacted] are considered. Exception cleared. Buyer Comment (2024-12-19): Please see an update [redacted], [redacted]and Loan Approval including property taxes and Hoi from departing property, looks like the increase in the DTI is from [redacted] Reviewer Comment (2024-12-19): Please provide Guidelines which shows the departure residence payment does not need to be included in calculations. Matrix [redacted], page [redacted]of [redacted]states, If subject property is owner occupied purchase transaction and borrower's current residence is pending sale, both the current and proposed housing payments are used to qualify. Exception remains. Buyer Comment (2024-12-16): Could you please kindly indicate in which part or section of the guidelines states the PITIA needs to be included in an invested property that is already been sold? Thank you Reviewer Comment (2024-12-16): Tax and insurance expense are not considered as per the final [redacted], as per the requirement if the departure residence is pending for sale we need to use for qualification, on qualifying this expenses DTI exceeds by [redacted]. exception remains as the sale of the property is schedule post-closing. Buyer Comment (2024-12-13): Please see HOI Policy and certificate of Property taxes also see Deed Of Trust and LOE showing that investment property was already been sold. |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 627 | (redacted) | 33652014 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Tax and Insurance verification for [redacted] not provided. | Reviewer Comment (2024-12-23): Received updated Final [redacted], Final Approval and [redacted] in which Tax and Insurance verification for [redacted] are considered. Exception cleared. Buyer Comment (2024-12-19): Please see an update [redacted], [redacted]and Loan Approval including property taxes and Hoi from departing property, looks like the increase in the DTI is from [redacted] Reviewer Comment (2024-12-16): Tax and insurance expense are not considered as per the final [redacted], as per the requirement if the departure residence is pending for sale we need to use for qualification, on qualifying this expenses DTI exceeds by [redacted]. exception remains as the sale of the property is schedule post-closing. Buyer Comment (2024-12-13): Please see HOI Policy and certificate of Property taxes also see Deed Of Trust and LOE showing that investment property was already been sold. |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 627 | (redacted) | 33652015 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - [redacted] | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Tax and Insurance verification for [redacted] not provided. | Reviewer Comment (2025-01-23): Documents received, system cleared. Buyer Comment (2025-01-13): Could you please review and then correct the Property taxes calculated? per Hillsborough Conty Notice the yearly taxes are [redacted] Please see attached. Reviewer Comment (2025-01-10): Trailing [redacted]reflects debts for departure residence of [redacted] for TIA. However loan docs reflect PI of [redacted], and Insurance of [redacted]. Provide alternate documentation to support any other qualifying payment amounts. Buyer Comment (2024-12-19): Please see an update [redacted], [redacted]and Loan Approval including property taxes and Hoi from departing property, looks like the increase in the DTI is from [redacted] Reviewer Comment (2024-12-16): Tax and insurance expense are not considered as per the final [redacted], as per the requirement if the departure residence is pending for sale we need to use for qualification, on qualifying this expenses DTI exceeds by [redacted]. exception remains as the sale of the property is schedule post-closing. Buyer Comment (2024-12-13): Please see HOI Policy and certificate of Property taxes also see Deed Of Trust and LOE showing that investment property was already been sold. |
01/23/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 627 | (redacted) | 33652016 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - [redacted] | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Tax and Insurance verification for [redacted] not provided. | Reviewer Comment (2024-12-23): Received updated Final [redacted], Final Approval and [redacted]in which Tax and Insurance verification for [redacted] are considered. Exception cleared. Buyer Comment (2024-12-19): Please see an update 1003, 1008 and Loan Approval including property taxes and Hoi from departing property, looks like the increase in the DTI is from [redacted]% to [redacted]% Reviewer Comment (2024-12-16): Tax and insurance expense are not considered as per the final [redacted], as per the requirement if the departure residence is pending for sale we need to use for qualification, on qualifying this expenses DTI exceeds by [redacted]. exception remains as the sale of the property is schedule post-closing. Buyer Comment (2024-12-13): Please see HOI Policy and certificate of Property taxes also see Deed Of Trust and LOE showing that investment property was already been sold. |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 627 | (redacted) | 33652017 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Tax and Insurance verification for [redacted] not provided. | Reviewer Comment (2025-01-23): Documents received, system cleared. Buyer Comment (2025-01-14): Could you please review and then correct the Property taxes calculated? per [redacted] the yearly taxes are [redacted] per month. I wonder from where you are getting that Taxes are [redacted] Please see attached. Reviewer Comment (2025-01-10): Trailing [redacted] reflects debts for departure residence of [redacted] for TIA. However loan docs reflect PI of [redacted] and Insurance of [redacted]. Provide alternate documentation to support any other qualifying payment amounts. Buyer Comment (2024-12-19): Please see an update [redacted], [redacted]and Loan Approval including property taxes and Hoi from departing property, looks like the increase in the DTI is from [redacted] Reviewer Comment (2024-12-16): Tax and insurance expense are not considered as per the final [redacted], as per the requirement if the departure residence is pending for sale we need to use for qualification, on qualifying this expenses DTI exceeds by v. exception remains as the sale of the property is schedule post-closing. Buyer Comment (2024-12-13): Please see HOI Policy and certificate of Property taxes also see Deed Of Trust and LOE showing that investment property was already been sold. |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 627 | (redacted) | 33652018 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General [redacted] Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted] moderately exceeds the guideline maximum of [redacted] (DTI Exception is eligible to be regraded with compensating factors.) | Tax and insurance expense are not considered as per the final [redacted], as per the requirement if the departure residence is pending for sale we need to use for qualification, on qualifying this expenses DTI exceeds by [redacted] | Reviewer Comment (2025-01-23): Documents received, system cleared. Buyer Comment (2025-01-14): Could you please review and then correct the Property taxes calculated? per Hillsborough Conty Notice the yearly taxes are [redacted] per month. I wonder from where you are getting that Taxes are[redacted] Please see attached. Reviewer Comment (2025-01-10): Trailing [redacted] reflects debts for departure residence of [redacted] for TIA. However loan docs reflect PI of [redacted] and Insurance of [redacted]. Provide alternate documentation to support any other qualifying payment amounts. Buyer Comment (2024-12-19): Please see an update [redacted], [redacted]and Loan Approval including property taxes and Hoi from departing property, looks like the increase in the DTI is from [redacted] [redacted] |
01/23/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 627 | (redacted) | 33652019 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio [redacted]. | Calculated investor qualifying DTI of [redacted] exceeds Guideline total DTI ratio of [redacted] after updating Tax and Insurance verification for[redacted] | Reviewer Comment (2025-01-23): Documents received, system cleared. Buyer Comment (2025-01-14): Could you please review and then correct the Property taxes calculated? per xx Conty Notice the yearly taxes are[redacted] per month. I wonder from where you are getting that Taxes are [redacted]Please see attached. Reviewer Comment (2025-01-10): Trailing [redacted] reflects debts for departure residence of [redacted] and [redacted] for TIA. However loan docs reflect PI of [redacted], and Insurance of[redacted]. Provide alternate documentation to support any other qualifying payment amounts. Buyer Comment (2025-01-06): Please see an update [redacted], [redacted]and Loan Approval including property taxes and Hoi from departing property, looks like the increase in the DTI is from [redacted] |
01/23/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 629 | (redacted) | 33652024 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [redacted] Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The subject property is located in a FEMA Disaster area. A post-disaster inspection verifying there was no damage to the subject property is required. | Reviewer Comment (2024-12-16): Document Provided and Updated Exception cleared Buyer Comment (2024-12-11): Disaster reinspection report uploaded. |
12/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 629 | (redacted) | 33652026 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least four[redacted] business days prior to closing. | Missing evidence of [redacted] Loan Estimate receipt, using mailbox rule not received by borrower at least [redacted]business days prior to closing. | Reviewer Comment (2025-01-22): [redacted] received lender attestation that [redacted] was never issued or disclosed to borrower. Buyer Comment (2025-01-21): Revised attestation letter uploaded. Reviewer Comment (2025-01-16): Attestation did not state the LE was not intended for or sent to the borrower. Please update letter. Reviewer Comment (2025-01-15): [redacted] received rebuttal. Rebuttal states that the [redacted] was not hard copy printed and sent out via [redacted] mail. The LE in file that relates to this violation however is dated [redacted] not [redacted]. See [redacted]. Your disclosure history does not reflect a [redacted]. If the rebuttal relates to this [redacted]and lender contends that the LE's [redacted] were never issued to borrower, lender can provide a written lender attestation confirming the error and scenario and to confirm it was never sent or disclosed to borrower. Attestation should also explain the disclosure history on why LE says "sent" on[redacted]. Upon receipt, can review to exclude. Buyer Comment (2025-01-14): Request escalation to compliance with Lender rebuttal attached Reviewer Comment (2024-12-13): [redacted] receigved rebuttal that timing met and Sat is included as business day. However, the[redacted] final LE does not reflect a borrower receipt date and so mailbox rule is in effect, this calculates to a receipt date of [redacted] and closing date was [redacted]. LE was not received [redacted] business days prior to closing. Provide proof of earlier receipt to meet timing or timing was not met. Buyer Comment (2024-12-11): Please note, Saturday is included as a business day and waiting period has been met. |
01/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Rate/Term | No Defined Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 629 | (redacted) | 33652027 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - [redacted] | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation discrepancy due to the DTI exceeding the guideline maximum of[redacted] and the FICO score being less than the guideline minimum of [redacted] | Reviewer Comment (2025-01-14): Loan is Non-QM. Buyer Comment (2024-12-19): Please note, substantial cash reserves and residual income greater than [redacted] are both Category A CFs and Prior Homeownership Experience (No FC or SS) is from Category B. In addition, the exception was [redacted] approved and meets guideline requirements. Reviewer Comment (2024-12-19): Provided compensating factors are not sufficient to support downgrading/waiving DTI exception of [redacted] points. For re-review provide compelling compensating factors. Buyer Comment (2024-12-11): UPE approved PTC by [redacted] uploaded. |
01/14/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 629 | (redacted) | 33652028 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | DTI exceeds the guideline maximum of[redacted] and the FICO score is less than the guideline minimum of [redacted]. | Reviewer Comment (2025-01-14): DTI exception has been regraded to [redacted] based on comp factors. Loan is Non-QM. Buyer Comment (2024-12-19): Please note, substantial cash reserves and residual income greater than [redacted] are both Category A CFs and Prior Homeownership Experience (No FC or SS) is from Category B. In addition, the exception was [redacted] approved and meets guideline requirements. Reviewer Comment (2024-12-19): Provided compensating factors are not sufficient to support downgrading/waiving DTI exception of [redacted] points. For re-review provide compelling compensating factors. Buyer Comment (2024-12-11): UPE approved PTC by [redacted] uploaded. |
01/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 629 | (redacted) | 33652029 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General [redacted] Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted] significantly exceeds the guideline maximum of[redacted]. (DTI Exception requires compelling compensating factors to consider regrading to [redacted]) | The DTI exceeds the guideline maximum of [redacted] | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Residual income > $[readcted] Lender Exception with Compensating Factors provided. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-14): Lender Exception with Compensating Factors. Reviewer Comment (2025-01-14): Regraded to [redacted] based on senior level review acceptance based on compensating factors. Buyer Comment (2024-12-19): Please note, substantial cash reserves and residual income greater than [redacted] are both Category A CFs and Prior Homeownership Experience (No FC or SS) is from Category B. In addition, the exception was [redacted] approved and meets guideline requirements. Reviewer Comment (2024-12-19): Provided compensating factors are not sufficient to support downgrading/waiving DTI exception of [redacted] points. For re-review provide compelling compensating factors. Buyer Comment (2024-12-11): UPE approved PTC by [redacted] uploaded. Reviewer Comment (2024-12-04): Please provide additional compelling compensating factors as DTI significantly exceeds guidelines. |
01/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 629 | (redacted) | 33652030 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | The DTI exceeds the guideline maximum of [redacted] | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Residual income > $[readcted] Lender Exception with Compensating Factors provided. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-14): Lender Exception with Compensating Factors. Reviewer Comment (2025-01-14): Regraded to EV2-B based on senior level review acceptance based on compensating factors. Buyer Comment (2024-12-19): Please note, substantial cash reserves and residual income greater than [redacted] are both Category A CFs and Prior Homeownership Experience (No FC or SS) is from Category B. In addition, the exception was [redacted] approved and meets guideline requirements. Reviewer Comment (2024-12-19): Provided compensating factors are not sufficient to support downgrading/waiving DTI exception of 10+ points. For re-review provide compelling compensating factors. Buyer Comment (2024-12-11): UPE approved PTC by [redacted] uploaded. |
01/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 629 | (redacted) | 33652031 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative [redacted] score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | FICO of [redacted] is less than guideline minimum of [redacted] for an interest only loan. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Residual income > $[readcted] Lender Exception with Compensating Factors provided. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2024-12-19): Lender exception with compensating factors. Buyer Comment (2024-12-11): UPE approved PTC by [redacted] uploaded. |
12/19/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 630 | (redacted) | 33652040 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.[redacted] | Reviewer Comment (2024-12-12): Exception Cleared - Received UCDP submission report with risk score[redacted] associated the same and data updated as per provided documents. Buyer Comment (2024-12-10): property does not need 2yr valuation since guidelines indicate that if the Risk is [redacted] or less and LTV below to [redacted] second appraisal is not required. Please see Risk report and guidelines attached. |
12/12/2024 | 1 | D | A | D | A | D | A | D | A | D | A | MD | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 630 | (redacted) | 33652042 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank [redacted]): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Reviewer Comment (2024-12-12): Exception Cleared - Received List of Homeownership Counseling Organizations document associated the same. Buyer Comment (2024-12-10): Please see attached RESPA Homeownership Counseling Organization List |
12/12/2024 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 630 | (redacted) | 33652044 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted]. Insufficient or no cure was provided to the borrower. | Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] or [redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-12-13): [redacted] received Letter of Explanation, Payment History and Corrected PCCD. Buyer Comment (2024-12-12): Please see PCCD & Pymt history attached showing cure for [redacted] dated [redacted] enough to cure increase in settlement charges |
12/13/2024 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 630 | (redacted) | 33652045 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The loan file does not contain a CPA letter or cash flow analysis reflecting no negative impact in using business funds for the subject transaction. | Reviewer Comment (2025-02-21): Exception cleared - Received CPA letter reflecting no negative impact in using business funds for the subject transaction and updated [redacted]. Buyer Comment (2025-02-19): Please see CPA letter attached. |
02/21/2025 | 1 | B | A | C | A | B | A | C | A | B | A | MD | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 630 | (redacted) | 33652046 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The loan file does not contain a CPA letter or cash flow analysis reflecting no negative impact in using business funds for the subject transaction. | Reviewer Comment (2025-02-21): Exception cleared - Received CPA letter reflecting no negative impact in using business funds for the subject transaction and updated [redacted]. Buyer Comment (2025-02-19): Please see CPA letter attached. |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 630 | (redacted) | 33652047 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The loan file does not contain a CPA letter or cash flow analysis reflecting no negative impact in using business funds for the subject transaction. | Reviewer Comment (2025-02-21): Exception cleared - Received CPA letter reflecting no negative impact in using business funds for the subject transaction and updated [redacted]. Buyer Comment (2025-02-19): Please see CPA letter attached. |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 630 | (redacted) | 33652048 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | The loan file does not contain a CPA letter or cash flow analysis reflecting no negative impact in using business funds for the subject transaction. | Reviewer Comment (2025-02-21): Exception cleared - Received CPA letter reflecting no negative impact in using business funds for the subject transaction and updated [redacted]. Buyer Comment (2025-02-19): Please see CPA letter attached. |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 630 | (redacted) | 33652049 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Ten Percent Tolerance Violation With Sufficient Cure - [redacted] | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-12-13): Sufficient Cure Provided within [redacted] Days of Closing |
12/13/2024 | 1 | A | A | A | A | A | MD | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 631 | (redacted) | 33652051 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Final application 1003 is showing borrower is more then [redacted] ownership in business and Co-borrower is less then [redacted]% ownership in same business However document provided is [redacted] with Schedule [redacted] for both. Required updated Final application 1003. | Reviewer Comment (2024-12-30): Received updated [redacted], Exception cleared. Buyer Comment (2024-12-26): The borrower signed the compliance agreement which approved, in advance, "adjusting for clerical errors, on any or all loan closing documentation deemed necessary or desirable in the reasonable discretion of Lender to enable Lender to sell, convey, seek guaranty or market said loan to any entity." This was a clerical error on the [redacted] which did not impact the loan decision. Reviewer Comment (2024-12-18): Exception remains as the updated [redacted] provided are not signed by the borrower and co-borrower. Buyer Comment (2024-12-16): Attached. Based on loan characteristics, it does appear the original selection was in error. |
12/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Limited Cash-out GSE | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 631 | (redacted) | 33652053 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-02): Sufficient Cure Provided At Closing |
12/02/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Limited Cash-out GSE | Final CD evidences Cure | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 631 | (redacted) | 33652054 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The [redacted] form was used, the[redacted] form should have been used. | Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The [redacted] form was used, the [redacted] form should have been used. | Buyer Comment (2024-12-16): Accept |
12/16/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Primary | Refinance - Limited Cash-out GSE | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 632 | (redacted) | 33652059 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | LTV of[redacted] exceeds guideline maximum of [redacted] unit properties. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Residual income > $[readcted] Excellent credit management FICO [redacted]. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2024-12-04): Lender exception with compensating factors. |
12/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 632 | (redacted) | 33652060 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | LTV of [redacted] exceeds guideline maximum of [redacted] unit properties. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Residual income > $[readcted] Excellent credit management FICO [redacted]. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2024-12-04): Lender exception with compensating factors. |
12/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 632 | (redacted) | 33652061 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Post Close Closing Disclosure Evidence Principal Reduction Applied to Loan | Principal reduction not applied to tolerance cure due to missing evidence of applying principal reduction to the loan. | Reviewer Comment (2024-12-17): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2024-12-16): PCCD and payment history reflecting PR uploaded. Please note, initial LE dated [redacted] disclosed CR fee of[redacted] Buyer Comment (2024-12-16): PCCD and payment history reflecting PR uploaded. Please note, initial LE dated [redacted] disclosed CR fee of [redacted] Cure of [redacted] sufficient. |
12/17/2024 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Refinance - Cash-out - Other | Informational / non-material exception indicating principal reduction reflected on a PCCD twas applied to cure TRID fee tolerance violation(s). | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 632 | (redacted) | 33652062 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. The Credit Report Re-Issue Fee increased to [redacted] without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-12-17): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2024-12-16): PCCD and payment history reflecting PR uploaded. Please note, initial LE dated [redacted] disclosed CR fee of[redacted] |
12/17/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 632 | (redacted) | 33652063 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Zero Percent Tolerance Violation With Sufficient Cure - [redacted] | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-12-17): Sufficient Cure Provided within [redacted]Days of Closing |
12/17/2024 | 1 | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 632 | (redacted) | 33652064 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Zero Percent Tolerance Violation With Sufficient Cure - [redacted] | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-12-17): Sufficient Cure Provided within [redacted]Days of Closing |
12/17/2024 | 1 | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 633 | (redacted) | 33652066 | Compliance | Compliance | Federal Compliance | FACTA | Federal FACTA Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | The Application date is [redacted] and the FACTA was dated [redacted], more than three days from application. | Buyer Comment (2025-01-08): Accept Reviewer Comment (2025-01-07): Notice tot he Home Loan Applicant is the required document. Buyer Comment (2024-12-17): Disclosed with initial package as "Risk-Based Pricing Notice," attached along with tracking showing it was delivered. |
01/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AK | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 633 | (redacted) | 33652069 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Employment Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Verification Of Employment Fee. Fee Amount of[redacted] exceeds tolerance of [redacted] Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-27): Sufficient Cure Provided At Closing |
11/27/2024 | 1 | A | A | A | A | A | A | A | A | A | A | AK | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 633 | (redacted) | 33652072 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | [redacted] Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-27): Sufficient Cure Provided At Closing |
11/27/2024 | 1 | A | A | A | A | A | A | A | A | A | A | AK | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 634 | (redacted) | 33652074 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Provide one more recent bank statement for the accounts [redacted] | Reviewer Comment (2025-02-27): Additional Bank statement for account [redacted]and #[redacted] received and updated .Exception cleared Buyer Comment (2025-02-25): Additional bank statement uploaded. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WI | Primary | Refinance - Rate/Term | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 634 | (redacted) | 33652076 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three[redacted] business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three [redacted] business days prior to consummation. | Reviewer Comment (2024-12-18): Delivery provided, system cleared. Buyer Comment (2024-12-11): Appraisal proof of delivery uploaded. |
12/18/2024 | 1 | B | A | B | A | B | A | B | A | B | A | WI | Primary | Refinance - Rate/Term | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 635 | (redacted) | 33652081 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Post Disaster Report does not reflect the Date of Inspection. Please provide. | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] | SitusAMC,Originator | Reviewer Comment (2025-01-04): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] Buyer Comment (2024-12-17): Disaster reinspection report uploaded. |
01/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 635 | (redacted) | 33652082 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | The hazard insurance coverage is insufficient by [redacted] Provide updated policy reflecting minimum coverage of [redacted] or provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-01-04): Dwelling coverage is greater than loan amount. Reviewer Comment (2024-12-31): Hazard policy does not reflect any extended coverage. Still require Hazard policy with sufficient coverage or Estimated Replacement Cost. Exception remains. Buyer Comment (2024-12-17): Please see image [redacted]reflecting hazard policy coverage that includes other structures in the amount of [redacted]and sufficient. |
01/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 635 | (redacted) | 33652085 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank [redacted]): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | List of Homeownership Counseling Organizations missing in file. | Reviewer Comment (2024-12-31): List of [redacted]disclosure received and associated. Exception cleared. Buyer Comment (2024-12-17): Disclosure uploaded. |
12/31/2024 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 635 | (redacted) | 33652087 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | No cure or valid COC provided for Loan Discount Points. | Reviewer Comment (2024-12-27): [redacted]received a valid [redacted]. Buyer Comment (2024-12-26): VCOC uploaded. |
12/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 635 | (redacted) | 33652088 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] | SitusAMC,Originator | Reviewer Comment (2025-01-04): Property inspected post disaster but pre-[redacted]declaration of disaster end date. Date of disaster: [redacted] |
01/04/2025 | 2 | B | B | B | B | B | NC | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 636 | (redacted) | 33652089 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec[redacted] | UCDP missing from file; secondary valuation required and not included in file. | Reviewer Comment (2024-12-31): UCDP Submission Summary Report associated. Exception cleared. Buyer Comment (2024-12-17): No need a[redacted] valuation since the score risk is less than [redacted]. Please [redacted]and score risk attached. |
12/31/2024 | 1 | D | A | D | A | D | A | D | A | D | A | MS | Primary | Refinance - Rate/Term | D | A | A | A | C | A | D | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 636 | (redacted) | 33652093 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank [redacted]): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Reviewer Comment (2024-12-31): List of Homeownership Counseling Organization disclosure received and associated. Exception cleared. Buyer Comment (2024-12-17): Please see [redacted]Homeownership List attached. |
12/31/2024 | 1 | B | A | B | A | B | A | B | A | B | A | MS | Primary | Refinance - Rate/Term | D | A | A | A | C | A | D | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 636 | (redacted) | 33652095 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Revised Loan Estimate Timing Before Closing | [redacted] Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least four[redacted] business days prior to closing. | Revised Loan Estimate provided on [redacted] not received by borrower at least four [redacted] business days prior to closing. | Reviewer Comment (2024-12-18): [redacted]received proof of receipt. Buyer Comment (2024-12-17): Final LE was signed by our borrower on [redacted]. Please see attached LE |
12/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MS | Primary | Refinance - Rate/Term | No Defined Cure | D | A | A | A | C | A | D | A | Non QM | Non QM | No | |||||||||
| (redacted) | 637 | (redacted) | 33652098 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [redacted] Error: [redacted]ship Source Documentation was not provided | - | Require Non permanent resident proof i.e. Visa, passport etc. | Reviewer Comment (2024-12-16): Exception cleared - Received Non permanent resident proof and updated [redacted]. Buyer Comment (2024-12-13): [redacted] documentation uploaded. |
12/16/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CT | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 637 | (redacted) | 33652099 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-[redacted] [redacted] Status not provided | Require proof of Non us [redacted]. | Reviewer Comment (2024-12-16): Exception cleared - Received Non permanent resident proof and updated [redacted]. Buyer Comment (2024-12-13): [redacted]documentation uploaded. |
12/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 637 | (redacted) | 33652100 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three [redacted] business days prior to consummation. | No evidence of appraisal being sent to borrower[redacted] days prior to closing. | Reviewer Comment (2024-12-29): Waived per client request Buyer Comment (2024-12-17): Please escalate to [redacted]. Revised appraisal did not affect value and is acceptable to be delivered to the borrower pc. Please downgrade and waive. Reviewer Comment (2024-12-16): Exception Remains - Required the proof of delivery for the appraisal report dated [redacted]within [redacted]days prior to closing. Buyer Comment (2024-12-13): Appraisal proof of delivery uploaded. It is acceptable to provide a revised appraisal post close as appraisal revision does not affect value. |
12/29/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 637 | (redacted) | 33652101 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted]. Non-Compliant Higher Priced Mortgage Loan. | Clarity calculated [redacted] exceeds threshold of [redacted] | Reviewer Comment (2025-01-06): Appraisal delivery provided, system cleared. Buyer Comment (2024-12-30): Initial appraisal uploaded. Buyer Comment (2024-12-30): Please downgrade and waive. Opened due to exception still reflecting as a grade [redacted]. This should be a [redacted]. Reviewer Comment (2024-12-30): Reopened. Reviewer Comment (2024-12-29): Waived per client request. Buyer Comment (2024-12-17): Please escalate to[redacted] Revised appraisal did not affect value and is acceptable to be delivered to the borrower pc. Please downgrade and waive. Reviewer Comment (2024-12-16): Exception Remains - Required the proof of delivery for the appraisal report dated[redacted]within [redacted]days prior to closing. Buyer Comment (2024-12-13): Appraisal proof of delivery uploaded. It is acceptable to provide a revised appraisal post close as appraisal revision does not affect value. |
01/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 637 | (redacted) | 33652105 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | [redacted] Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of[redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Re-Inspection Fee was disclosed on initial Loan estimate as [redacted] but disclosed but final Closing Disclosure [redacted]. File does not contain a valid COC for this fee, nor evidence of cure is provided in file. | Reviewer Comment (2024-12-05): Sufficient Cure Provided At Closing |
12/05/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CT | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 637 | (redacted) | 33652106 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | [redacted] Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Transfer Tax. Fee was disclosed on initial Loan estimate as [redacted] but disclosed but final Closing Disclosure [redacted] File does not contain a valid COC for this fee, nor evidence of cure is provided in file. | Reviewer Comment (2024-12-05): Sufficient Cure Provided At Closing |
12/05/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CT | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 637 | (redacted) | 33652107 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three [redacted] business days prior to consummation. | Reviewer Comment (2025-01-06): Appraisal delivery provided, system cleared. Buyer Comment (2025-01-06): Proof initial appraisal delivered uploaded. |
01/06/2025 | 1 | A | A | A | A | A | CT | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 637 | (redacted) | 33652108 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | [redacted] Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three [redacted] business days prior to consummation. | Reviewer Comment (2025-01-06): Appraisal delivery provided, system cleared. Buyer Comment (2025-01-06): Proof initial appraisal delivered uploaded. |
01/06/2025 | 1 | A | A | A | A | A | CT | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 637 | (redacted) | 33652109 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | [redacted] Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of revised valuation to applicant three [redacted] business days prior to consummation. | Reviewer Comment (2025-01-06): Client elects to waive. Buyer Comment (2025-01-06): Proof initial appraisal delivered uploaded. |
01/06/2025 | 2 | B | B | B | B | B | CT | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 638 | (redacted) | 33652116 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender Exception - LTV exceeds maximum | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Residual income is > [readcted]. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2024-12-29): Lender Exception with Compensating Factors. Buyer Comment (2024-12-17): Please refer to image[redacted]reflecting LTV/CLTV exception approved by[redacted] |
12/29/2024 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 638 | (redacted) | 33652117 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Lender Exception - CLTV exceeds maximum | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Residual income is > [readcted]. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2024-12-29): Lender Exception with Compensating Factors. Buyer Comment (2024-12-17): Please refer to image [redacted]reflecting LTV/CLTV exception approved by [redacted] |
12/29/2024 | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 639 | (redacted) | 33652118 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Reviewer Comment (2025-01-08): PDI provided. Buyer Comment (2024-12-18): Disaster reinspection report uploaded. |
01/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 639 | (redacted) | 33652122 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: [redacted] reserves months discrepancy. | Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of [redacted] | Reviewer Comment (2025-01-02): Reserve requirement meet. Exception cleared Buyer Comment (2024-12-30): Evidence appraisal and hazard premium paid by borrower via cc. Borrower is not short reserves. |
01/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 639 | (redacted) | 33652123 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of[redacted]. ATR failed. | Reviewer Comment (2025-01-02): Reserve requirements meet. Exception cleared Buyer Comment (2024-12-30): Evidence appraisal and hazard premium paid by borrower via cc. Borrower is not short reserves. |
01/02/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CT | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 639 | (redacted) | 33652124 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of [redacted]. ATR failed. | Reviewer Comment (2025-01-02): Reserve requirements meet. Exception cleared Buyer Comment (2024-12-30): Evidence appraisal and hazard premium paid by borrower via cc. Borrower is not short reserves. |
01/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 639 | (redacted) | 33652125 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower is Non-Permanent Resident alien. (Guidelines do not allow for Non-Permanent Residence Category C09P). | Borrower has been employed in the same industry for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
[redacted]+ Years on job Borrower's own funds used for Down Payment & closing (No Gifts or DPA). Excellent Credit Management with FICO [redacted]. |
SitusAMC,Originator Originator,SitusAMC Originator |
Buyer Comment (2024-12-18): Approve Reviewer Comment (2024-12-12): Allow Non-Permanent Resident (Guidelines do not allow for [redacted] |
12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 639 | (redacted) | 33652126 | Credit | 1003 | Document Error | 1003 | Borrower(s) is not a [redacted] [redacted], and the guideline required documentation was not provided. | - | Borrower is Non-Permanent Resident Alien. Borrower provided an Employment Authorization card with category C09. | Reviewer Comment (2024-12-23): Exception cleared. Received document and updated correctly. Buyer Comment (2024-12-18): Documentation uploaded. |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 640 | (redacted) | 33652128 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three [redacted] business days prior to consummation. | The Appraisal report from [redacted] does not contain evidence of when the Borrower received. | Buyer Comment (2025-01-29): Approve Buyer Comment (2025-01-27): Appraisal dated[redacted]uploaded. Reviewer Comment (2025-01-27): Provided document is proof of appraisal delivered to borrower on[redacted]Require Appraisal Report that was delivered on [redacted] Exception remains. Buyer Comment (2025-01-24): Proof appraisal [redacted] delivered. Reviewer Comment (2025-01-24): Please provide the appraisal report that was delivered to the Borrower on [redacted] Buyer Comment (2025-01-13): Please re-review as property is not an HPML loan. Reviewer Comment (2025-01-13): This is a HPML loan which means the final appraisal report has to be provided three business days prior to consummation date. Buyer Comment (2024-12-23): Proof revised appraisal was delivered to the borrower. Please note, no changes to the value and it is acceptable to send the revised appraisal post consummation. |
01/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Debt Consolidation | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 640 | (redacted) | 33652129 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of[redacted]. Non-Compliant Higher Priced Mortgage Loan. | The Appraisal report from [redacted] does not contain evidence of when the Borrower received. | Reviewer Comment (2025-01-28): Appraisal report dated[redacted] received and updated. Exception cleared Buyer Comment (2025-01-27): Appraisal dated[redacted] uploaded. Reviewer Comment (2025-01-27): Provided document is proof of appraisal delivered to borrower on [redacted]. Require Appraisal Report that was delivered on [redacted]Exception remains. Buyer Comment (2025-01-24): Proof appraisal [redacted]delivered. Reviewer Comment (2025-01-24): Please provide the appraisal report that was delivered to the Borrower on [redacted] Buyer Comment (2025-01-13): Please re-review as property is not an HPML loan. Reviewer Comment (2025-01-13): This is a HPML loan which means the final appraisal report has to be provided three business days prior to consummation date. Buyer Comment (2024-12-23): Proof revised appraisal was delivered to the borrower. Please note, no changes to the value and it is acceptable to send the revised appraisal post consummation. |
01/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Debt Consolidation | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 640 | (redacted) | 33652130 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | [redacted] Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three [redacted] business days prior to consummation. | The Appraisal report from [redacted] does not contain evidence of when the Borrower received. | Reviewer Comment (2025-01-28): Appraisal report dated[redacted]received and updated. Exception cleared Buyer Comment (2025-01-27): Appraisal dated [redacted] uploaded. Reviewer Comment (2025-01-27): Provided document is proof of appraisal delivered to borrower on [redacted] Require Appraisal Report that was delivered on [redacted] Exception remains. Buyer Comment (2025-01-24): Proof appraisal[redacted]delivered. Reviewer Comment (2025-01-24): Please provide the appraisal report that was delivered to the Borrower on[redacted] Buyer Comment (2025-01-13): Please re-review as property is not an [redacted]loan. Reviewer Comment (2025-01-13): This is a HPML loan which means the final appraisal report has to be provided three business days prior to consummation date. Buyer Comment (2025-01-08): Proof appraisal[redacted] delivered uploaded. Please note, it is acceptable to downgrade and waive as there is no change in the value. Reviewer Comment (2024-12-26): Exception Remains - Required proof of delivery of appraisal report dated[redacted]and within [redacted]days prior to closing. Buyer Comment (2024-12-23): Proof revised appraisal was delivered to the borrower. Please note, no changes to the value and it is acceptable to send the revised appraisal post consummation. |
01/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Debt Consolidation | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 640 | (redacted) | 33652132 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Zero Percent Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Abstract / Title Search. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | The revised Loan Estimate issued on [redacted] added a Title-Search Fee in the amount of [redacted]. The loan file does not contain evidence of a Changed Circumstance adding this fee. | Reviewer Comment (2025-01-08): [redacted]received Letter of Explanation, Payment History and Corrected PCCD. Buyer Comment (2025-01-07): PCCD and payment history reflecting PR uploaded. |
01/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 640 | (redacted) | 33652133 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Zero Percent Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Notary Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | The revised Loan Estimate issued on [redacted] added a Title-Notary Fee in the amount of [redacted] The loan file does not contain evidence of a Changed Circumstance adding this fee. | Reviewer Comment (2025-01-10): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-01-09): Please note, $[redacted]cure was issued at funding. Cures have been issued and are sufficient. See cure pg [redacted], section J. Reviewer Comment (2025-01-08): [redacted]received cure documents for $[redacted]which is not sufficient to covered total [redacted]tolerance. Please provide additional cure of $[redacted]for Notary fee. Buyer Comment (2025-01-07): PCCD and payment history reflecting PR uploaded. |
01/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 640 | (redacted) | 33652135 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | [redacted] Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of revised valuation to applicant three [redacted] business days prior to consummation. | Buyer Comment (2025-01-29): Approve |
01/29/2025 | 2 | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Debt Consolidation | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 641 | (redacted) | 33652136 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance Verification, Tax Verification is missing | Reviewer Comment (2025-01-10): Land only property taxes verified and associated. Exception cleared Buyer Comment (2025-01-07): REO docs reflecting property is vacant land. |
01/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 641 | (redacted) | 33652140 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Maximum Loan Amount discrepancy. | Note loan amount of ___ is greater than Guideline maximum loan amount of ___. | The maximum loan amount allowed is [redacted], the subject loan amount is [redacted] | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous Miscellaneous |
Residual income > $[readcted] Substantial cash reserves. Qualifying ratios [redacted] or less. Prior homeownership experience (No FC or Short Sale). Excellent credit management with FICO [redacted]. |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2024-12-20): Lender exception with compensating factors. |
12/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 641 | (redacted) | 33652142 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - [redacted] | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The loan file does not contain a CPA and/or a cash flow analysis for the use of business funds for closing reflecting the use of these funds will not have a negative impact to the Business. | Reviewer Comment (2025-01-10): CPA provided and associated. Exception cleared Buyer Comment (2025-01-07): All documentation uploaded to specific exceptions. |
01/10/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 641 | (redacted) | 33652143 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The loan file does not contain a CPA and/or a cash flow analysis for the use of business funds for closing reflecting the use of these funds will not have a negative impact to the Business. | Reviewer Comment (2025-01-10): CPA provided and associated. Exception cleared Buyer Comment (2025-01-07): All documentation uploaded to specific exceptions. |
01/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 641 | (redacted) | 33652144 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Zero Percent Tolerance Violation Without Sufficient Cure Provided | [redacted] Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of[redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. A credit report re-issue fee was added without a valid change of circumstance.Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-01-09): [redacted]received Letter of Explanation, Payment History and Corrected PCCD. Buyer Comment (2025-01-07): PCCD and payment history reflecting PR uploaded. |
01/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 641 | (redacted) | 33652145 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The loan file does not contain a CPA and/or a cash flow analysis for the use of business funds for closing reflecting the use of these funds will not have a negative impact to the Business. | Reviewer Comment (2025-01-10): CPA provided and associated. Exception cleared Buyer Comment (2025-01-07): All documentation uploaded to specific exceptions. |
01/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 641 | (redacted) | 33652146 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | The loan file does not contain a CPA and/or a cash flow analysis for the use of business funds for closing reflecting the use of these funds will not have a negative impact to the Business. | Reviewer Comment (2025-01-10): CPA provided and associated. Exception cleared Buyer Comment (2025-01-07): CPA letter uploaded. |
01/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 642 | (redacted) | 33652148 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | The verification of employment is missing. | Reviewer Comment (2024-12-30): Exception cleared - VVOE received and updated in [redacted]. Buyer Comment (2024-12-26): VVOE within [redacted]business days uploaded. |
12/30/2024 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 642 | (redacted) | 33652149 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment -[redacted] | Ability to Repay (Dodd-Frank [redacted]): Unable to verify current Wages/W[redacted] employment status using reasonably reliable third-party records. | The verification of employment is missing. | Reviewer Comment (2024-12-30): Exception cleared - VVOE received and updated in [redacted]. Buyer Comment (2024-12-26): VVOE within [redacted]business days uploaded. |
12/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 642 | (redacted) | 33652150 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The verification of employment is missing. | Reviewer Comment (2024-12-30): Exception cleared - VVOE received and updated in [redacted]. Buyer Comment (2024-12-26): VVOE within [redacted]business days uploaded. |
12/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 642 | (redacted) | 33652151 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. | The verification of employment is missing. | Reviewer Comment (2024-12-30): Exception cleared - VVOE received and updated in [redacted]. |
12/30/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 642 | (redacted) | 33652152 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The verification of employment is missing. | Reviewer Comment (2024-12-30): Exception cleared - VVOE received and updated in [redacted]. Buyer Comment (2024-12-26): VVOE within [redacted]business days uploaded. |
12/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 642 | (redacted) | 33652153 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The verification of employment is missing. | Reviewer Comment (2024-12-30): Exception cleared - VVOE received and updated in [redacted]. Buyer Comment (2024-12-26): VVOE within [redacted]business days uploaded. |
12/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 642 | (redacted) | 33652154 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Verification(s) of employment is not within[redacted] business days of the Note. | Reviewer Comment (2024-12-30): Exception cleared - VVOE received and updated in [redacted]. Buyer Comment (2024-12-26): VVOE within [redacted]business days uploaded. |
12/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 642 | (redacted) | 33652156 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | VVOE missing from file. | Reviewer Comment (2024-12-30): Exception cleared - VVOE received and updated in [redacted]. Buyer Comment (2024-12-26): VVOE within[redacted]business days uploaded. |
12/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 643 | (redacted) | 33652160 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Final Closing Disclosure Estimated Escrow Payment Over Disclosed Test | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan. | Reviewer Comment (2024-12-19): Sufficient Cure Provided At Closing |
12/19/2024 | 1 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 644 | (redacted) | 33652162 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Paystubs, W-2s are missing for the current employment of the co borrower. | Reviewer Comment (2025-01-15): Paystub and Third-party employment verification provided exception cleared. Buyer Comment (2025-01-13): Paystubs attached. W2s for current employment not required as borrower began employment in [redacted]. |
01/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Second Home | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 644 | (redacted) | 33652163 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - [redacted] | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Paystubs, W-2s are missing for the current employment of the co borrower. | Reviewer Comment (2025-01-15): Paystub and Third-party employment verification provided exception cleared. Buyer Comment (2025-01-13): Paystubs attached to finding [redacted]. W2s not required as coborrower began current employment in [redacted]. |
01/15/2025 | 1 | B | A | C | A | B | A | C | A | B | A | VA | Second Home | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM status | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 644 | (redacted) | 33652164 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Wages | Ability to Repay (Dodd-Frank [redacted]): Unable to verify income due to, missing W-[redacted], Paystub, LES, ETS or WVOE. | Paystubs, W-2s are missing for the current employment of the co borrower. | Reviewer Comment (2025-01-15): Paystub and Third-party employment verification provided exception cleared. Buyer Comment (2025-01-13): Paystubs attached to finding [redacted]. W2s not required as coborrower began current employment in [redacted]. |
01/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Second Home | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 644 | (redacted) | 33652165 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General [redacted] Provision Investor and Non [redacted] match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted] moderately exceeds the guideline maximum of [redacted]. (DTI Exception is eligible to be regraded with compensating factors.) | The variance is due to the HOA amount. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) Low housing ratio of [redacted]% or less. |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-01-23): Lender Exception with Compensating Factors. Reviewer Comment (2025-01-23): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Ability to Repay ([redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of[redacted] moderately exceeds the guideline maximum of v. (DTI Exception is eligible to be regraded with compensating factors.) Buyer Comment (2025-01-13): Income has been recalculated, confirming DTI is over [redacted]%. Attached is a post-closing exception for the DTI. |
01/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Second Home | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 644 | (redacted) | 33652166 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Paystubs, W-2s are missing for the current employment of the co borrower. | Reviewer Comment (2025-01-15): Paystub and Third-party employment verification provided exception cleared. Buyer Comment (2025-01-13): Paystubs attached to finding [redacted]. W2s not required as coborrower began current employment in [redacted]. |
01/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Second Home | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 644 | (redacted) | 33652167 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. | Paystubs, W-2s are missing for the current employment of the co borrower. | Reviewer Comment (2025-01-15): Paystub and Third-party employment verification provided exception cleared. |
01/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | VA | Second Home | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 644 | (redacted) | 33652168 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Final Closing Disclosure Non Escrow Costs Year [redacted] Underdisclosed - [redacted] [redacted] | [redacted] Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [redacted] of on Final Closing Disclosure provided on [redacted] are underdisclosed. | The variance is due to the HOA amount. | Reviewer Comment (2025-01-14): [redacted]received corrected PCCD and LOE Buyer Comment (2025-01-13): PCCD attached. |
01/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Second Home | Refinance - Cash-out - Debt Consolidation | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 644 | (redacted) | 33652169 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Initial Closing Disclosure Timing without Waiver | [redacted] Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three [redacted] business days prior to closing. | Initial Closing Disclosure not signed and provided to Borrower(s) at least three (3) business days prior to closing. | Reviewer Comment (2025-01-14): [redacted] received disclosure tracking. Buyer Comment (2025-01-13): Attached disclosure tracking, borrowers received CD same-day on [redacted] |
01/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Second Home | Refinance - Cash-out - Debt Consolidation | No Defined Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 644 | (redacted) | 33652170 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | The variance is due to the HOA amount [redacted] not considered in DTI calculation. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) Low housing ratio of [redacted]% or less. |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-01-23): Lender Exception with Compensating Factors. Reviewer Comment (2025-01-23): EXCEPTION HISTORY - Exception Explanation was updated on [redacted]PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of [redacted]% exceeds Guideline total debt ratio of [redacted]%. Buyer Comment (2025-01-13): Post-close exception attached to finding [redacted] |
01/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Second Home | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 644 | (redacted) | 33652171 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Paystub and income documents are missing of the current employment for the co borrower. | Reviewer Comment (2025-01-15): Paystub and Third-party employment verification provided exception cleared. Buyer Comment (2025-01-13): Paystubs attached to finding [redacted]. W2s not required as coborrower began current employment in [redacted]. |
01/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Second Home | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 644 | (redacted) | 33652172 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Paystub and income documents are missing of the current employment for the co borrower. | Reviewer Comment (2025-01-23): Lender Exception with Compensating Factors, system cleared. Buyer Comment (2025-01-13): Paystubs attached to finding [redacted]. W2s not required as coborrower began current employment in [redacted]. |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Second Home | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 644 | (redacted) | 33652173 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment -[redacted] | Ability to Repay (Dodd-Frank [redacted]): Unable to verify current Wages/W-[redacted] employment status using reasonably reliable third-party records. | Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. | Reviewer Comment (2025-01-15): Paystub and Third-party employment verification provided exception cleared. Buyer Comment (2025-01-03): Coborrower W2 transcripts are located on page [redacted]/[redacted]in Acuity. Please clarify if other documentation is being requested. |
01/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Second Home | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 644 | (redacted) | 33652174 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | VVOE for co-borrower's current employment not provided as required per guidelines. | Reviewer Comment (2025-01-07): Exception cleared. Updated VVOE correctly. Buyer Comment (2025-01-03): Attached, completed [redacted] |
01/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Second Home | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 644 | (redacted) | 33652175 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | DTI is exceeding the guideline limit of [redacted]due to HOA dues of [redacted] | Reviewer Comment (2025-01-23): Lender Exception with Compensating Factors, system cleared Buyer Comment (2025-01-21): Post-close exception attached to finding [redacted] |
01/23/2025 | 1 | A | A | A | A | A | VA | Second Home | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 645 | (redacted) | 33652180 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of[redacted] plus [redacted] Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-06): Sufficient Cure Provided At Closing |
01/06/2025 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 646 | (redacted) | 33652182 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: [redacted]; The catastrophic disaster inspection noted no property damage. Disaster End Date: [redacted] Disaster Name: [redacted] Disaster Declaration Date: [redacted] |
Reviewer Comment (2025-01-14): Provided valid PDI dated [redacted] reflecting no damage Buyer Comment (2025-01-07): Attached, no damage. |
01/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 646 | (redacted) | 33652183 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of [redacted]. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-01-16): Documents received, system cleared. Buyer Comment (2025-01-03): Please see finding [redacted]and reduce this finding to grade [redacted]. |
01/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 646 | (redacted) | 33652185 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank [redacted]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-01-16): Documents received, system cleared. Buyer Comment (2025-01-03): The [redacted] appraisal was an update which did not impact valuation. Attached is the version signed[redacted], sent to borrower the same day. |
01/16/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 646 | (redacted) | 33652186 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three [redacted] business days prior to consummation. | Reviewer Comment (2025-01-16): Documents received, system cleared. Buyer Comment (2025-01-03): Attached. |
01/16/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 646 | (redacted) | 33652187 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three [redacted] business days prior to consummation. | Reviewer Comment (2025-01-16): Documents received, system cleared. Buyer Comment (2025-01-03): Please see finding [redacted] and reduce this finding to grade[redacted] |
01/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 646 | (redacted) | 33652188 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three [redacted] business days prior to consummation. | Buyer Comment (2025-01-21): accept Reviewer Comment (2025-01-16): Initial appraisal received and provided to borrower. Final appraisal provided to borrower but not [redacted]business days prior to consummation and exception has been down graded to EV2. |
01/21/2025 | 2 | B | B | B | B | B | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 646 | (redacted) | 33652190 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of revised valuation to applicant three[redacted] business days prior to consummation. | Buyer Comment (2025-01-21): Accept Reviewer Comment (2025-01-16): Initial appraisal received and provided to borrower. Final appraisal provided to borrower but not 3 business days prior to consummation and exception has been down graded to EV2. |
01/21/2025 | 2 | B | B | B | B | B | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 647 | (redacted) | 33652192 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Most Recent Valuation Inspection Date: [redacted] Disaster End Date: [redacted] Disaster Name: [redacted] Disaster Declaration Date: [redacted] |
Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] | SitusAMC,Originator | Reviewer Comment (2024-12-20): Property inspected post disaster but pre-FEMA declaration of disaster end date. |
12/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 647 | (redacted) | 33652194 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within three [redacted]business days of application. | The application date is [redacted] [redacted], the Affiliated Business Agreement was dated[redacted] | Reviewer Comment (2025-01-23): Documents received, system cleared. Buyer Comment (2025-01-09): Please see attached disclosure tracking, page [redacted], showing the affiliated business arrangement disclosure was included in the initial package delivered and viewed [redacted]. |
01/23/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 647 | (redacted) | 33652195 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | A Rate and Term Refinance, Alt Doc loan with a loan amount under [redacted] requires months reserves. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Property inspected post disaster but pre-FEMA declaration of disaster end date. Miscellaneous Miscellaneous |
[redacted]+ years on job. Residual income > $[readcted] Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] Prior homeownership experience (No FC or Short Sale) Low housing ratio of [redacted]% or less. |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC,Originator Originator Originator |
Reviewer Comment (2024-12-20): Lender exception with compensating factors. |
12/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 647 | (redacted) | 33652196 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | A Rate and Term Refinance, Alt Doc loan with a loan amount under [redacted]requires months reserves. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Property inspected post disaster but pre-FEMA declaration of disaster end date. Miscellaneous Miscellaneous |
[redacted]+ years on job. Residual income > $[readcted] Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] Prior homeownership experience (No FC or Short Sale) Low housing ratio of [redacted]% or less. |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC,Originator Originator Originator |
Reviewer Comment (2024-12-20): Lender exception with compensating factors. |
12/20/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 647 | (redacted) | 33652197 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | A Rate and Term Refinance, Alt Doc loan with a loan amount under [redacted] requires [redacted] months reserves. The loan file does not contain a verification of the Borrower's business within [redacted] business days of the closing as required by guidelines. | Reviewer Comment (2025-01-23): Documents received, system cleared. Buyer Comment (2025-01-09): The business license was confirmed active on [redacted], within [redacted]business days of closing. See attached for date tracking. |
01/23/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 647 | (redacted) | 33652198 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | A Rate and Term Refinance, Alt Doc loan with a loan amount under [redacted] requires [redacted] months reserves. The loan file does not contain a verification of the Borrower's business within [redacted] business days of the closing as required by guidelines. | Reviewer Comment (2025-01-23): Documents received, system cleared. Buyer Comment (2025-01-09): Please see response in exception [redacted] |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 647 | (redacted) | 33652199 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | A Rate and Term Refinance, Alt Doc loan with a loan amount under [redacted] requires [redacted] months reserves. The loan file does not contain a verification of the Borrower's business within [redacted] business days of the closing as required by guidelines. | Reviewer Comment (2025-01-23): Documents received, system cleared. Buyer Comment (2025-01-09): Please see response in exception [redacted] |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 647 | (redacted) | 33652200 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The final signed and dated Closing Disclosure issued on [redacted] is missing page[redacted] | Reviewer Comment (2025-01-23): All pages provided Buyer Comment (2025-01-09): Attached. |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 647 | (redacted) | 33652202 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The loan file does not contain a verification of the Borrower's business within [redacted] business days of the closing as required by guidelines. | Reviewer Comment (2025-01-14): Exception cleared - Received business entity within [redacted] business days of the note date and updated the [redacted]. Buyer Comment (2025-01-09): Please see response in exception [redacted] |
01/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 648 | (redacted) | 33652204 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Most Recent Valuation Inspection Date: [redacted] Disaster End Date: [redacted] Disaster Name: [redacted] Disaster Declaration Date: [redacted] |
Borrower has owned the subject property for at least [redacted] years. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The refinance has decreased the borrower's monthly debt payments by [redacted]% or more. Miscellaneous Property inspected post disaster but pre-FEMA declaration of disaster end date. |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator SitusAMC,Originator |
Reviewer Comment (2024-12-23): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] |
12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 648 | (redacted) | 33652205 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of [redacted]. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of[redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of [redacted] | Reviewer Comment (2025-01-21): Loan is HPML Compliant. Buyer Comment (2025-01-06): Please see PCCD attached plus proof that bwr was excepted for paying property taxes. escrow acct was setup for hazard insurance. |
01/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 648 | (redacted) | 33652207 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [redacted] exceeds tolerance of [redacted] Sufficient or excess cure was provided to the borrower at Closing. | Transfer Tax Fee Amount of [redacted] exceeds tolerance of [redacted] Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-20): Sufficient Cure Provided At Closing |
12/20/2024 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 648 | (redacted) | 33652208 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (1st Lien, Escrow Not Established) | Federal Higher-Priced Mortgage Loan (2013): Mandatory escrow account not established on 1st lien mortgage loan. | The Borrower is exempt from paying Property Taxes. | Reviewer Comment (2025-01-21): Hazard insurance is escrowed. Borrower is exempt from property taxes. Exception cleared. Buyer Comment (2025-01-06): Please see PCCD attached plus proof that bwr was excepted for paying property taxes. escrow acct was setup for hazard insurance. |
01/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | If escrow was established before consummation for one impound item but not the other (e.g. taxes but not insurance), cure available by escrowing item that was not previously included. Proof of new escrow setup required. If no escrow account was established at or before consummation, no cure available. |
C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 648 | (redacted) | 33652210 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | The reserve requirement is [redacted] months. Cash out proceeds permitted for reserves w[redacted]. The Borrowers FICO is [redacted] | Borrower has owned the subject property for at least [redacted] years. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The refinance has decreased the borrower's monthly debt payments by [redacted]% or more. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2024-12-23): Lender Exception with Compensating Factors. |
12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 648 | (redacted) | 33652211 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The reserve requirement is months. Cash out proceeds permitted for reserves with ≥ [redacted] FICO. The Borrowers FICO is [redacted] . | Reviewer Comment (2024-12-23): Lender Exception with Compensating Factors system cleared |
12/23/2024 | 1 | B | A | C | A | B | A | C | A | B | A | GA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 648 | (redacted) | 33652212 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted] ): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The reserve requirement is months. Cash out proceeds permitted for reserves with ≥ [redacted] FICO. The Borrowers FICO is [redacted] . | Reviewer Comment (2024-12-23): Lender Exception with Compensating Factors, system cleared |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 648 | (redacted) | 33652213 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The reserve requirement is months. Cash out proceeds permitted for reserves with ≥ [redacted] FICO. The Borrowers FICO is [redacted] . | Reviewer Comment (2024-12-23): Lender Exception with Compensating Factors, system cleared. |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 649 | (redacted) | 33652216 | Compliance | Compliance | State Compliance | Compliance | [redacted] Day [redacted] has been discontinued effective[redacted] Most recent available index value used for bona fide discount point testing. | Buyer Comment (2025-01-06): Approve |
01/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AR | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 649 | (redacted) | 33652227 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative [redacted] score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | [redacted] FICO required to use cash-out proceeds for reserves. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
FICO exceeds guideline minimum by [redacted] points. | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2024-12-23): Lender exception with compensating factors. |
12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AR | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 650 | (redacted) | 33652231 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Calculated loan to value percentage of [redacted] exceeds Guideline loan to value percentage of [redacted] | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous Miscellaneous |
Residual income is > $[redacted]. Substantial cash reserves. Low housing ratio of [redacted]% or less. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2024-12-23): Lender exception with compensating factors. |
12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 650 | (redacted) | 33652232 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Calculated combined loan to value percentage of [redacted] exceeds Guideline combined loan to value percentage of[redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous Miscellaneous |
Residual income is > $[redacted]. Substantial cash reserves. Low housing ratio of [redacted]% or less. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2024-12-23): Lender exception with compensating factors. |
12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 650 | (redacted) | 33652233 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Calculated LTV/CLTV percentage of [redacted] exceeds Guideline combined loan to value percentage of [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous Miscellaneous |
Residual income is > $[redacted]. Substantial cash reserves. Low housing ratio of [redacted]% or less. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2024-12-23): Lender exception with compensating factors. |
12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 651 | (redacted) | 33652239 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Reinspection Fee. Fee Amount of[redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-20): Sufficient Cure Provided At Closing |
12/20/2024 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 651 | (redacted) | 33652240 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | A Third Party Verification of self-employment, dated within business days from the Note is missing from the loan file. | Reviewer Comment (2025-01-23): Documents received, system cleared. Buyer Comment (2025-01-10): Please see CPA letter dated [redacted] |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 651 | (redacted) | 33652241 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | A Third Party Verification of self-employment, dated within business days from the Note is missing from the loan file. | Reviewer Comment (2025-01-23): Documents received, system cleared. Buyer Comment (2025-01-10): Please see CPA letter dated[redacted] |
01/23/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 651 | (redacted) | 33652242 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | A Third Party Verification of self-employment, dated within business days from the Note is missing from the loan file. | Reviewer Comment (2025-01-23): Documents received, system cleared. Buyer Comment (2025-01-10): Please see CPA letter dated [redacted] |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 651 | (redacted) | 33652243 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | A Third Party Verification of self-employment, dated within business days from the Note is missing from the loan file. | Reviewer Comment (2025-01-23): Documents received, system cleared. Buyer Comment (2025-01-10): Please see CPA letter dated [redacted] |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 652 | (redacted) | 33652244 | Credit | 1003 | Document Error | 1003 | Borrower(s) is not a [redacted], and the guideline required documentation was not provided. | - | Borrower is a non permanent resident alien with [redacted] visa classification that is ineligible per guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous Miscellaneous |
[redacted]+ years on job. Residual income > $[readcted] Borrower's own funds used for down payment & closing (No gifts & DPA). Prior homeownership experience (No FC or Short Sale) Low housing ratio of [redacted]% or less. |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2024-12-23): Lender exception with compensating factors. |
12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Purchase | C | B | C | B | A | A | A | A | Non QM | N/A | No | |||||||
| (redacted) | 652 | (redacted) | 33652245 | Credit | Missing Document | General | Missing Document | Missing Document: Passport not provided | Guidelines require a copy of the borrower's passport for a non permanent resident alien. | Reviewer Comment (2025-01-30): Borrower's Passport document received and associated. Exception Cleared. Buyer Comment (2025-01-29): visa and passport attached Reviewer Comment (2025-01-21): pg [redacted]of the [redacted] guidelines state: copies of the borrower's passport and unexipred visa must be obtained. Buyer Comment (2025-01-07): Borrower has an unexpired EAD that will be expired until [redacted] Please see attached document and Matrix guidelines |
01/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Purchase | C | B | C | B | A | A | A | A | Non QM | N/A | No | |||||||||||
| (redacted) | 653 | (redacted) | 33652247 | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | The property address on Flood Certificate does not match address on Note. | Reviewer Comment (2025-01-21): Corrected flood cert provided, exception cleared. Buyer Comment (2025-01-08): Attached. |
01/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Investment | Purchase | C | A | C | A | A | A | A | A | Non QM | N/A | No | |||||||||||
| (redacted) | 653 | (redacted) | 33652249 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Address on the following documents in file do not match do not match Note address; Loan Estimates, ECOA, Affiliated Business Arrangement, Homeownership Counseling Organizations, Homeloan Toolkit and initial 1003. | Reviewer Comment (2025-01-23): Per client - There was an error in the address as input early in the loan process, but this error was corrected. The closing documents have the correct address. Buyer Comment (2025-01-13): There was an error in the address as input early in the loan process, but this error was corrected. The closing documents have the correct address. |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Investment | Purchase | C | A | C | A | A | A | A | A | Non QM | N/A | No | |||||||||||
| (redacted) | 654 | (redacted) | 33652250 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. Missing disaster inspection, Disaster end date is [redacted] | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] | SitusAMC,Originator | Reviewer Comment (2024-12-23): Property inspected post disaster but pre-FEMA declaration of disaster end date. |
12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | D | B | B | B | A | A | D | A | Non QM | Non QM | No | |||||||
| (redacted) | 654 | (redacted) | 33652252 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec [redacted] | Reviewer Comment (2024-12-30): Received Fannie Mae property report showing[redacted]score which is less than[redacted] hence we not required secondary valuation, Exception Cleared. Buyer Comment (2024-12-26): Appraisal review CU meeting guideline requirements uploaded. |
12/30/2024 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | B | B | B | A | A | D | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 654 | (redacted) | 33652255 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Disaster Inspection Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-20): Sufficient Cure Provided At Closing |
12/20/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | D | B | B | B | A | A | D | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 655 | (redacted) | 33652261 | Compliance | Compliance | State Compliance | Misc. State Level | [redacted] CMPA Home Loan Toolkit Status | [redacted] Consumer Mortgage Protection Act: Home Loan Toolkit not provided to borrower. | Home Loan Toolkit not provided to borrower. | Buyer Comment (2025-02-14): * |
02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 655 | (redacted) | 33652262 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Valuation report date was [redacted] whereas file shows valuation was provided on [redacted]. | Buyer Comment (2025-02-14): accept |
02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 656 | (redacted) | 33652265 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Missing evidence the borrower received a copy of the appraisal [redacted] days prior to closing. | Reviewer Comment (2025-01-22): Exception cleared - The appraisal delivery report received and updated. Buyer Comment (2025-01-17): Appraisal proof of delivery uploaded. |
01/22/2025 | 1 | B | A | B | A | B | A | B | A | B | A | VA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 656 | (redacted) | 33652266 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-01-22): Exception cleared - The appraisal delivery report received and updated. Buyer Comment (2025-01-17): Appraisal proof of delivery uploaded. |
01/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 656 | (redacted) | 33652267 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. | Missing evidence the borrower received a copy of the appraisal [redacted] days prior to closing. | Reviewer Comment (2025-01-22): Exception cleared - The appraisal delivery report received and updated in [redacted]. Buyer Comment (2025-01-17): Appraisal proof of delivery uploaded. |
01/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 657 | (redacted) | 33652272 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Credit report listed on the initial Loan Estimate is $[redacted] and the Post Close CD issued on [redacted] reflects the Credit Report as $[redacted]. The loan file does not contain a changed circumstance regarding the increase of the credit report fee or a Tolerance Cure. | Reviewer Comment (2025-01-21): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-01-17): Please see PCCD and Pymt History showing a cure for [redacted]due to increase in credit report fee. |
01/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 657 | (redacted) | 33652274 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The subject property is a Non-Warrantable condo. | Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS Low housing ratio of [redacted]% or less |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-01-09): Lender Exception with Compensating Factors. |
01/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 657 | (redacted) | 33652275 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | The expanded debt ratio allowed is [redacted]%, however, the calculated DTI is [redacted]%. | Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS Low housing ratio of [redacted]% or less |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-01-09): Lender Exception with Compensating Factors. |
01/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 657 | (redacted) | 33652276 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The expanded debt ratio allowed is [redacted]%, however, the calculated DTI is [redacted]%. | Reviewer Comment (2025-01-09): Documents received, system cleared. |
01/09/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 657 | (redacted) | 33652277 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The expanded debt ratio allowed is [redacted]%, however, the calculated DTI is [redacted]%. | Reviewer Comment (2025-01-09): Documents received, system cleared. |
01/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 657 | (redacted) | 33652278 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [redacted]([redacted])([redacted]) of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | The expanded debt ratio allowed is [redacted]%, however, the calculated DTI is [redacted]%. | Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS Low housing ratio of [redacted]% or less |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-01-09): Lender Exception with Compensating Factors. |
01/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 657 | (redacted) | 33652279 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | The expanded debt ratio allowed is [redacted]%, however, the calculated DTI is [redacted]%. | Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS Low housing ratio of [redacted]% or less |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-01-09): Lender Exception with Compensating Factors. |
01/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 657 | (redacted) | 33652280 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Zero Percent Tolerance Violation With Sufficient Cure -[redacted] | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-01-21): Sufficient Cure Provided within [redacted]Days of Closing |
01/21/2025 | 1 | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 658 | (redacted) | 33652285 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact Information. | Reviewer Comment (2025-01-16): Cured prior to discovery. Buyer Comment (2025-01-15): Please see Consummation CD attached showing corrections on the lender information. |
01/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | OR | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 658 | (redacted) | 33652286 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Zero Percent Tolerance Violation With Sufficient Cure -[redacted] | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-01-07): Sufficient Cure Provided within [redacted]Days of Closing |
01/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | OR | Primary | Refinance - Rate/Term | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 658 | (redacted) | 33652287 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The approval in file reflects two years P&L income calculation. The UW worksheet and P&L in file reflect [redacted] months. Provide updated approval. | Reviewer Comment (2025-01-24): Additional P&L provided, exception cleared. Buyer Comment (2025-01-15): Please see P&L statements for last [redacted]yrs attached. |
01/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 659 | (redacted) | 33652290 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | The Borrower requires a [redacted] FICO score to use cash-out proceeds towards Reserves. The Borrower's credit score is [redacted]. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Prior homeownership Experience (No FC or SS) | SitusAMC SitusAMC Originator |
Reviewer Comment (2025-02-18): Lender Exception with Compensating Factors. Buyer Comment (2025-02-04): Corrected to add comp factor for homeownership. Borrower has [redacted] year history in subject property. Reviewer Comment (2025-01-26): No Comp Factors provided on approval. Buyer Comment (2025-01-17): Please see Non Agency Loan approval attached. file was approved for FICO been lower than guidelines [redacted]to [redacted]FICO score. Reviewer Comment (2025-01-09): Provide sufficient comp factor in order to downgrade exception. There are no comp factors listed on lender exception. |
02/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 659 | (redacted) | 33652292 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | The Borrower requires a [redacted] FICO score to use cash-out proceeds towards Reserves. The Borrower's credit score is [redacted]. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Prior homeownership Experience (No FC or SS) | SitusAMC SitusAMC Originator |
Reviewer Comment (2025-02-18): Lender Exception with Compensating Factors. Buyer Comment (2025-02-04): Attached to [redacted] Reviewer Comment (2025-01-26): No Comp Factors provided on approval. Buyer Comment (2025-01-17): Please see Non Agency Loan approval attached. file was approved for FICO been lower than guidelines [redacted]to [redacted]FICO score Reviewer Comment (2025-01-09): Provide sufficient comp factor in order to downgrade exception. There are no comp factors listed on lender exception. |
02/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 660 | (redacted) | 33652296 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Notice of Right To Cancel Not Provided to All Required Parties | Truth in Lending Act: Notice of Right to Cancel was not signed by all parties whose ownership interest is or will be subject to the security interest. | Right to Cancel not signed by spouse and CA is a community property state. | Reviewer Comment (2025-02-03): Property was deeded to borrower as their sole property. Buyer Comment (2025-01-27): Grant deed uploaded. |
02/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 661 | (redacted) | 33652301 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Disaster Inspection Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-07): Sufficient Cure Provided At Closing |
01/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 661 | (redacted) | 33652302 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-07): Sufficient Cure Provided At Closing |
01/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 661 | (redacted) | 33652303 | Compliance | Compliance | Federal Compliance | TRID | [redacted] Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Lender's Title Insurance. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-07): Sufficient Cure Provided At Closing |
01/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 662 | (redacted) | 33652307 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) | [redacted] Subprime Loan: Counseling Disclosure not provided to borrower. | Reviewer Comment (2025-01-27): Exception cleared for [redacted]Subprime based on NYDFS and outside counsel guidance that the latest LE issued as a result of a VCC can be used to establish the PMMS index used to determine [redacted]Subprime loans. Buyer Comment (2025-01-16): At the time of closing, we were going by the Mavent report that showed this loan was in compliance with [redacted]Subprime thresholds. The law is somewhat vague as far as which date to use to determine the index value, and it is not a violation to use either the initial LE date or any subsequent LE issued dates to determine the index. Mavent used the final LE issued date and as such, the loan is compliant. |
01/27/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Refinance - Cash-out - Home Improvement | No obvious cure | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 662 | (redacted) | 33652308 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) | [redacted] Subprime Loan: Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. | Reviewer Comment (2025-01-27): Exception cleared for [redacted]Subprime based on [redacted]and outside counsel guidance that the latest LE issued as a result of a VCC can be used to establish the [redacted]index used to determine [redacted] Subprime loans. Buyer Comment (2025-01-16): At the time of closing, we were going by the Mavent report that showed this loan was in compliance with [redacted]Subprime thresholds. The law is somewhat vague as far as which date to use to determine the index value, and it is not a violation to use either the initial LE date or any subsequent LE issued dates to determine the index. Mavent used the final LE issued date and as such, the loan is compliant. |
01/27/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Refinance - Cash-out - Home Improvement | Provide the following: Letter of Explanation, corrected Mortgage (with required Legend), and proof of mailing. Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery. Best Practice would be to have signed and re-recorded Mortgage.). | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 662 | (redacted) | 33652309 | Compliance | Compliance | State Compliance | State HPML | [redacted] Subprime Home Loan Threshold Fixed Non-Compliant | [redacted] Subprime Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [redacted]+ [redacted]%, or [redacted]%. Non-Compliant SubPrime Loan. | Final Disclosure APR of [redacted]% exceeds allowable threshold of Prime Mortgage Market Rate [redacted]+ [redacted]%, or [redacted]% | Reviewer Comment (2025-01-27): Exception cleared for [redacted]Subprime based on NYDFS and outside counsel guidance that the latest LE issued as a result of a VCC can be used to establish the[redacted] index used to determine [redacted]Subprime loans. Buyer Comment (2025-01-16): At the time of closing, we were going by the Mavent report that showed this loan was in compliance with [redacted] Subprime thresholds. The law is somewhat vague as far as which date to use to determine the index value, and it is not a violation to use either the initial LE date or any subsequent LE issued dates to determine the index. Mavent used the final LE issued date and as such, the loan is compliant. |
01/27/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Refinance - Cash-out - Home Improvement | (Limited Use Bona Fide Errors - Compliance and Client Approval Required) With no time limit for which a cure may be made, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the subprime home loan threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 662 | (redacted) | 33652310 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) | [redacted] Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. | Borrower not provided with Notice of Taxes and Insurance on [redacted] lien, subprime loan. | Reviewer Comment (2025-01-27): Exception cleared for [redacted] Subprime based on NYDFS and outside counsel guidance that the latest LE issued as a result of a VCC can be used to establish the PMMS index used to determine [redacted] Subprime loans. Buyer Comment (2025-01-16): At the time of closing, we were going by the Mavent report that showed this loan was in compliance with [redacted] Subprime thresholds. The law is somewhat vague as far as which date to use to determine the index value, and it is not a violation to use either the initial LE date or any subsequent LE issued dates to determine the index. Mavent used the final LE issued date and as such, the loan is compliant. |
01/27/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Refinance - Cash-out - Home Improvement | No obvious cure | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 662 | (redacted) | 33652311 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Discount Points. The Loan Discount points increased to $[redacted] without a valid change of circumstance.Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-01-16): [redacted]Received Valid COC dated [redacted] Buyer Comment (2025-01-15): VCOC uploaded. |
01/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Home Improvement | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 662 | (redacted) | 33652313 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender Exception approving LTV that exceeds maximum. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Residual income > $[readcted] Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC Originator |
Buyer Comment (2025-01-15): Approve Reviewer Comment (2025-01-09): Lender exception with compensating factors. |
01/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Home Improvement | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 662 | (redacted) | 33652314 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Lender Exception approving LTV that exceeds maximum. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Residual income > $[readcted] Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC Originator |
Buyer Comment (2025-01-15): Approve Reviewer Comment (2025-01-09): Lender exception with compensating factors. |
01/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Home Improvement | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 663 | (redacted) | 33652318 | Compliance | Compliance | State Compliance | State HPML | [redacted] HPML Threshold Test Compliant | [redacted] Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]% Compliant Higher Priced Loan. | Buyer Comment (2025-01-13): Approve |
01/13/2025 | 1 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Refinance - Cash-out - Other | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 664 | (redacted) | 33652321 | Credit | Document Inventory | General | Missing Document | Evidence of Taxpayer Consent is Missing, and Taxpayer documentation is present. | Reviewer Comment (2025-01-27): Received Evidence to taxpayer Consent, Exception cleared. Buyer Comment (2025-01-24): Disclosure uploaded. |
01/27/2025 | 1 | B | A | B | A | B | A | B | A | B | A | WI | Primary | Refinance - Cash-out - Other | B | B | B | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 664 | (redacted) | 33652322 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. | The H-8 form was used, the H-9 form should have been used for a refinance. | Buyer Comment (2025-01-22): Accept |
01/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WI | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | B | B | B | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 666 | (redacted) | 33652329 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] | SitusAMC,Originator | Reviewer Comment (2025-01-09): Property inspected post disaster but pre FEMA declaration of disaster end date. |
01/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 666 | (redacted) | 33652330 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted]business days prior to consummation. | Buyer Comment (2025-01-16): Approve |
01/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 666 | (redacted) | 33652331 | Compliance | Compliance | Federal Compliance | FACTA | Federal FACTA Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | Buyer Comment (2025-01-16): Approve |
01/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 666 | (redacted) | 33652333 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least[redacted] business days prior to closing. | Closing Disclosure not provided to Borrower at least [redacted]business days prior to closing. | Reviewer Comment (2025-01-22): [redacted] received [redacted]CD [redacted]business days prior to consummation. Buyer Comment (2025-01-21): Closing disclosure signed uploaded. |
01/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | No Defined Cure | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 666 | (redacted) | 33652334 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] [redacted] Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Fee Tolerance exceeded for Transfer Tax. Fee Amount of $ [redacted]exceeds tolerance of $ [redacted]without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-01-22): [redacted] Received Corrected PCCD, LOE and Payment history Buyer Comment (2025-01-21): PCCD and payment history reflecting PR uploaded. |
01/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 667 | (redacted) | 33652336 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. | There is no evidence that Lender provided List of Homeownership Counseling Organizations to borrower. | Reviewer Comment (2025-02-03): Disclosure provided, system cleared. Buyer Comment (2025-01-27): Please refer to image [redacted] pages [redacted], reflecting disclosure included with the initial disclosures package. |
02/03/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 667 | (redacted) | 33652338 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted][redacted]Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted]plus [redacted] or [redacted] Insufficient or no cure was provided to the borrower. | Total amount of $ [redacted]exceeds tolerance of $ [redacted]plus [redacted]% or $ [redacted]. Sufficient cure is required. | Reviewer Comment (2025-02-06): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-02-05): PCCD and payment history reflecting PR uploaded. |
02/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 667 | (redacted) | 33652339 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted] [redacted] Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [redacted]exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | [redacted]Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $ [redacted]exceeds tolerance of $ [redacted]. Sufficient cure is required. | Reviewer Comment (2025-02-06): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-02-05): PCCD and payment history reflecting PR uploaded. |
02/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 667 | (redacted) | 33652341 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Subject is a Non-Warrantable Condo. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Low default risk with equity, LTV [redacted]% lower than matrix Excellent Credit Management with FICO [redacted] |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-03-17): CF Update. Reviewer Comment (2025-01-13): Lender Exception with Compensating Factors provided. |
01/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 667 | (redacted) | 33652342 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Business has not been open [redacted]years as required by Guidelines. Sec of State printout reflects the business has only been open since [redacted] CPA letter does not state the business is the same as the LLC. | Reviewer Comment (2025-02-04): [redacted] P&L tax return not required. CPA letter verifies[redacted] employment history. Exception cleared Buyer Comment (2025-02-03): Please note, CPA letter verifies [redacted] years self employed. |
02/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 667 | (redacted) | 33652343 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay [redacted]: Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Business has not been open [redacted]years as required by Guidelines. Sec of State printout reflects the business has only been open since [redacted]. CPA letter does not state the business is the same as the LLC. | Reviewer Comment (2025-02-04): [redacted] P&L tax return not required. CPA letter verifies [redacted] employment history. Exception cleared Buyer Comment (2025-02-03): Please note, CPA letter verifies [redacted] years self employed. |
02/04/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 667 | (redacted) | 33652344 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay [redacted]: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Business has not been open [redacted]years as required by Guidelines. Sec of State printout reflects the business has only been open since [redacted]. CPA letter does not state the business is the same as the LLC. | Reviewer Comment (2025-02-04): [redacted]P&L tax return not required. CPA letter verifies 2year employment history. Exception cleared Buyer Comment (2025-02-03): Please note, CPA letter verifies [redacted] years self employed. |
02/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 667 | (redacted) | 33652345 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay [redacted]: Based on the loan failing one or more guideline components, the loan is at ATR risk. | Business has not been open [redacted]years as required by Guidelines. Sec of State printout reflects the business has only been open since [redacted]. CPA letter does not state the business is the same as the LLC. | Reviewer Comment (2025-02-04): [redacted]P&L tax return not required. CPA letter verifies [redacted] employment history. Exception cleared Buyer Comment (2025-02-03): Please note, CPA letter verifies [redacted]years self employed. |
02/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 667 | (redacted) | 33652346 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Sec of State print out does not show Business has been in existence for at least 2 years. | Reviewer Comment (2025-02-04): [redacted]P&L tax return not required. CPA letter verifies [redacted]employment history. Exception cleared Buyer Comment (2025-02-03): Please note, CPA letter verifies [redacted]years self employed. |
02/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 668 | (redacted) | 33652348 | Credit | 1003 | Document Error | 1003 | Borrower(s) is not a[redacted] [redacted], and the guideline required documentation was not provided. | - | Non-Permanent Resident Aliens must provide proof of lawful residency, work authorization, and an unexpired, valid visa with at least [redacted]years left to work in the U.S. | Reviewer Comment (2025-02-04): Evidence of tax filing provided, exception cleared. Buyer Comment (2025-01-29): Form [redacted]reflecting borrower files taxes in [redacted]. Reviewer Comment (2025-01-24): ITIN letter is expired. If the ITIN is expired one of the following must be provided: Transcripts showing tax returns filed within the last [redacted]years using the ITIN (does not apply to alt doc income types); E-file receipt or letter from a Tax Preparer confirming the borrower's most recent return has been filed with the IRS; or fully executed IRS W7 renewing the ITIN including agent signature. Buyer Comment (2025-01-15): ITIN and ID uploaded. |
02/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| (redacted) | 669 | (redacted) | 33652350 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule[redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Evidence that creditor provided a copy of each valuation to applicant three business days prior to consummation is missing from file. | Buyer Comment (2025-01-15): Approve |
01/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 669 | (redacted) | 33652354 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay [redacted]: Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | EM deposit missing from file. | Reviewer Comment (2025-01-22): Deposit receipt received and associated. Exception cleared. Buyer Comment (2025-01-17): Proof EMD received uploaded. Buyer Comment (2025-01-15): Please refer to image [redacted], page [redacted]reflecting [redacted] EMD withdrawn on [redacted] from borrower's [redacted] account. |
01/22/2025 | 1 | B | A | C | A | B | A | C | A | B | A | GA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 669 | (redacted) | 33652355 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay [redacted]: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | EM deposit missing from file. | Reviewer Comment (2025-01-22): Deposit receipt received and associated. Exception cleared. Buyer Comment (2025-01-17): Proof EMD received uploaded. Buyer Comment (2025-01-15): Please refer to image [redacted], page [redacted]reflecting $[redacted] EMD withdrawn on [redacted] from borrower's[redacted] account. |
01/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 669 | (redacted) | 33652356 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Earnest money deposit receipt not provided in file. | Reviewer Comment (2025-01-22): Deposit receipt received and associated. Exception cleared. Buyer Comment (2025-01-17): Proof EMD received uploaded. Buyer Comment (2025-01-15): Please refer to image [redacted], page [redacted]reflecting $[redacted]EMD withdrawn on [redacted]from borrower's [redacted] account. |
01/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 669 | (redacted) | 33652357 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay [redacted]: Based on the loan failing one or more guideline components, the loan is at ATR risk. | Earnest money receipt not provided. | Reviewer Comment (2025-01-22): Deposit receipt received and associated. Exception cleared. Buyer Comment (2025-01-17): Proof EMD received uploaded. Buyer Comment (2025-01-15): Please refer to image [redacted], page [redacted]reflecting $[redacted]EMD withdrawn on [redacted] from borrower's [redacted] account. |
01/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 670 | (redacted) | 33652359 | Compliance | Compliance | Federal Compliance | FACTA | Federal FACTA Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | Buyer Comment (2025-01-22): Approve |
01/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 670 | (redacted) | 33652361 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Pay stub(s) covering the most recent [redacted]-day period providing year-to date earnings required. Loan file only has [redacted] bi-weekly paystub for the borrower. Provide additional paystub to cover [redacted]days. | Reviewer Comment (2025-02-05): Exception Cleared - Received consecutive paystubs for borrower [redacted]for employer [redacted]of [redacted]County associated the same and data updated as per document. Buyer Comment (2025-02-04): Other consecutive paystub attached. |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 670 | (redacted) | 33652362 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide corrected final 1003 with accurate balance on account # [redacted]of $ [redacted]. | Reviewer Comment (2025-01-28): Less than a $[redacted]difference. Buyer Comment (2025-01-22): Please note, final 1003 reflects balance as $[redacted] the difference is less than $[redacted] and should not require a revised 1003. |
01/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 670 | (redacted) | 33652363 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Pay stub(s) covering the most recent [redacted] -day period providing year-to date earnings required. Loan file only has [redacted] bi-weekly paystub for the borrower. Provide additional paystub to cover [redacted]days. | Reviewer Comment (2025-02-05): Exception Cleared - Received consecutive paystubs for borrower Stacy [redacted]for employer [redacted]of [redacted]County associated the same and data updated as per document. Buyer Comment (2025-02-04): Attached to finding [redacted] |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 670 | (redacted) | 33652365 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay [redacted]: Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Pay stub(s) covering the most recent [redacted]-day period providing year-to date earnings required. Loan file only has [redacted] bi-weekly paystub for the borrower. Provide additional paystub to cover [redacted] days. | Reviewer Comment (2025-02-05): Exception Cleared - Received consecutive paystubs for borrower [redacted]for employer [redacted]of [redacted]County associated the same and data updated as per document. Buyer Comment (2025-02-04): Attached to finding [redacted] |
02/05/2025 | 1 | B | A | C | A | B | A | C | A | B | A | IL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 670 | (redacted) | 33652366 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay [redacted]: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Pay stub(s) covering the most recent [redacted]-day period providing year-to date earnings required. Loan file only has [redacted] bi-weekly paystub for the borrower. Provide additional paystub to cover [redacted] days. | Reviewer Comment (2025-02-05): Exception Cleared - Received consecutive paystubs for borrower [redacted] for employer [redacted]of [redacted]County associated the same and data updated as per document. Buyer Comment (2025-02-04): Attached to finding [redacted] |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 670 | (redacted) | 33652367 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID[redacted] Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Provide valid reason for change on fees and supporting documentation or cure tot he borrower with LOE and updated CD. | Reviewer Comment (2025-01-23): [redacted] Received Valid COC. Buyer Comment (2025-01-22): VCOC uploaded. |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 670 | (redacted) | 33652368 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:[redacted] Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Provide valid reason for change on fees and supporting documentation or cure tot he borrower with LOE and updated CD. | Reviewer Comment (2025-01-23): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-01-22): PCCD, LOE and payment history reflecting PR of $[redacted] for refresh fee. Please note, credit report initially disclosed as $[redacted]credit report fee is within tolerance. Buyer Comment (2025-01-22): PCCD, LOE and payment history reflecting PR of $[redacted] for refresh fee. Please note, credit report initially disclosed as [redacted]credit report fee is within tolerance. |
01/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 670 | (redacted) | 33652369 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay [redacted]: Based on the loan failing one or more guideline components, the loan is at ATR risk. | Pay stub(s) covering the most recent [redacted]-day period providing year-to date earnings required. Loan file only has [redacted] bi-weekly paystub for the borrower. Provide additional paystub to cover [redacted] days. | Reviewer Comment (2025-02-05): Exception Cleared - Received consecutive paystubs for borrower [redacted] for employer [redacted]of [redacted]County associated the same and data updated as per document. Buyer Comment (2025-02-04): Attached to finding [redacted] |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 670 | (redacted) | 33652370 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Tolerance Violation With Sufficient Cure -[redacted] Cure | TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of [redacted]exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-01-23): Sufficient Cure Provided within [redacted]Days of Closing |
01/23/2025 | 1 | A | A | A | A | A | IL | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 671 | (redacted) | 33652374 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Guidelines require a minimum credit score of [redacted]for a cash-out refinance. The Borrower's middle score is [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) Low housing ratio of [redacted]% or less |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-01-27): Lender Exception with Compensating Factors. Buyer Comment (2025-01-22): Please see image [redacted] pages [redacted], UPE approved PTC by [redacted] for FICO and LTV. |
01/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | UT | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 671 | (redacted) | 33652375 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Guidelines require a minimum credit score of [redacted]for a cash-out refinance. The Borrower's middle score is [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) Low housing ratio of [redacted]% or less |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-01-27): Lender Exception with Compensating Factors. Buyer Comment (2025-01-22): Please see image [redacted] pages [redacted], UPE approved PTC by [redacted] for FICO and LTV. |
01/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | UT | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 672 | (redacted) | 33652377 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule[redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Evidence the Borrower received the final dated Appraisal Report at least [redacted]days prior to the Note date is missing from the loan file. | Buyer Comment (2025-02-03): Approve |
02/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 673 | (redacted) | 33652381 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Title - Examination Fee. Fee Amount of [redacted]exceeds tolerance of [redacted] Insufficient or no cure was provided to the borrower. | The Initial Loan Estimate does not contain a Title Examination Fee. The reissued Loan Estimate has added the fee. The changed circumstance does not identify this fee to be added and the final signed and dated Closing Disclosure does not contain a tolerance cure. | Reviewer Comment (2025-01-16): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-01-15): PCCD and payment history reflecting PR uploaded. |
01/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | LA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 673 | (redacted) | 33652382 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (Notice to Assignee) | Truth in Lending Act (HOEPA): Required Statement was not provided to purchaser or assignee for loan that was sold or assigned. (Note: This notice only applies when selling or assigning a HOEPA loan and may not be found in the file for loans that have not been previously sold) | The subject loan was tested as a HOEPA due to the Lender Affiliates listed in Section B of the Closing Disclosure. | Reviewer Comment (2025-02-05): ABA provided, system cleared. Buyer Comment (2025-01-29): Please see attached disclosure. See page [redacted], paragraph iii addressing relationship between [redacted] and [redacted] does not satisfy the definition of an "affiliate". Reviewer Comment (2025-01-26): The appraisal was completed by an affiliate, thus included in fee calculations. Buyer Comment (2025-01-16): Please note, [redacted]is including the appraisal fee in error. Once appraisal fee is excluded, exception will not be valid. |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 673 | (redacted) | 33652383 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | The subject loan was tested as a HOEPA due to the Lender Affiliates listed in Section B of the Closing Disclosure. | Reviewer Comment (2025-02-05): ABA provided, system cleared. Buyer Comment (2025-01-29): Please see attached disclosure. See page [redacted], paragraph iii addressing relationship between CMS and CAI does not satisfy the definition of an "affiliate". Reviewer Comment (2025-01-26): The appraisal was completed by an affiliate, thus included in fee calculations. Buyer Comment (2025-01-16): Please note, [redacted] is including the appraisal fee in error. Once appraisal fee is excluded, exception will not be valid. |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 673 | (redacted) | 33652384 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees) | Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees. | The subject loan was tested as a HOEPA due to the Lender Affiliates listed in Section B of the Closing Disclosure. | Reviewer Comment (2025-02-05): ABA provided, system cleared. Buyer Comment (2025-01-29): Please see attached disclosure. See page [redacted], paragraph iii addressing relationship between CMS and CAI does not satisfy the definition of an "affiliate". Reviewer Comment (2025-01-26): The appraisal was completed by an affiliate, thus included in fee calculations. Buyer Comment (2025-01-16): Please note, [redacted] is including the appraisal fee in error. Once appraisal fee is excluded, exception will not be valid. |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 673 | (redacted) | 33652385 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) | Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of [redacted] of the amount past due or grace period of less than [redacted] days. | The subject loan was tested as a HOEPA due to the Lender Affiliates listed in Section B of the Closing Disclosure. | Reviewer Comment (2025-02-05): ABA provided, system cleared. Buyer Comment (2025-01-29): Please see attached disclosure. See page [redacted], paragraph iii addressing relationship between CMS and CAI does not satisfy the definition of an "affiliate". Reviewer Comment (2025-01-26): The appraisal was completed by an affiliate, thus included in fee calculations. Buyer Comment (2025-01-16): Please note, [redacted] is including the appraisal fee in error. Once appraisal fee is excluded, exception will not be valid. |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 673 | (redacted) | 33652386 | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of [redacted] is in excess of the allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees of[redacted]on a Federal Total Loan Amount of[redacted] vs. an allowable total of [redacted] (an overage of [redacted]or .[redacted]). Non-Compliant High Cost Loan. | The subject loan was tested as a HOEPA due to the Lender Affiliates listed in Section B of the Closing Disclosure. | Reviewer Comment (2025-02-05): ABA provided, system cleared. Buyer Comment (2025-01-29): Please see attached disclosure. See page [redacted], paragraph iii addressing relationship between [redacted] and [redacted] does not satisfy the definition of an "affiliate". Reviewer Comment (2025-01-26): The appraisal was completed by an affiliate, thus included in fee calculations. Buyer Comment (2025-01-16): Please note, [redacted] is including the appraisal fee in error. Once appraisal fee is excluded, exception will not be valid. |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Primary | Refinance - Cash-out - Other | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 673 | (redacted) | 33652387 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | The subject loan was tested as a HOEPA due to the Lender Affiliates listed in Section B of the Closing Disclosure. | Reviewer Comment (2025-02-05): [redacted] provided, system cleared. Buyer Comment (2025-01-29): Please see attached disclosure. See page [redacted], paragraph iii addressing relationship between CMS and CAI does not satisfy the definition of an "affiliate". Reviewer Comment (2025-01-26): The appraisal was completed by an affiliate, thus included in fee calculations. Buyer Comment (2025-01-16): Please note, [redacted] is including the appraisal fee in error. Once appraisal fee is excluded, exception will not be valid. |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 673 | (redacted) | 33652388 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Tolerance Violation With Sufficient Cure - [redacted] Cure | TILA-RESPA Integrated Disclosure: [redacted]Fee Tolerance exceeded for Title - Examination Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-01-16): Sufficient Cure Provided within [redacted]Days of Closing |
01/16/2025 | 1 | A | A | A | A | A | LA | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 674 | (redacted) | 33652390 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Appraisal reflects the subject being identified as a Rural property. The Guidelines do not allow Rural Properties. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-23): Lender Exception with Compensating Factors. |
01/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Second Home | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 675 | (redacted) | 33652391 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. | List of Homeownership Counseling Organizations to borrower is not provided in file | Reviewer Comment (2025-02-02): List provided, system cleared. Buyer Comment (2025-01-27): Please see Homeownership list attached |
02/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 675 | (redacted) | 33652392 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID[redacted]Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $ [redacted]on LE but disclosed as $ [redacted]on Final Closing Disclosure. Sufficient cure was not provided in file. | Reviewer Comment (2025-02-06): [redacted] Received Corrected PCCD, LOE and payment history. Buyer Comment (2025-02-05): PCCD & PH |
02/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 675 | (redacted) | 33652394 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Buyer Comment (2025-02-05): accept |
02/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 675 | (redacted) | 33652395 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The subject property is located in a FEMA disaster area. The most recent inspection is dated prior to the recent FEMA disaster. | Reviewer Comment (2025-01-23): Appraisal effective date is after declaration date and no damages reported. |
01/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 675 | (redacted) | 33652397 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower's credit history does not meet minimum tradeline requirements. | Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Low default risk with equity, LTV [redacted]% lower than matrix | SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-03-17): Lender Exception with Compensating Factors provided. |
03/17/2025 | 2 | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 676 | (redacted) | 33652402 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Most recent [redacted]years signed and dated 4506-C is not provided | Reviewer Comment (2025-01-28): 4506-C document received in file and associated. Exception cleared. Buyer Comment (2025-01-27): Attached. |
01/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 676 | (redacted) | 33652403 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay[redacted]: Based on the loan failing one or more guideline components, the loan is at ATR risk. | 4506-Cs are missing from file. | Reviewer Comment (2025-01-28): 4506-C document received in file and associated. Exception cleared. Buyer Comment (2025-01-27): Attached to [redacted]. |
01/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 676 | (redacted) | 33652404 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Form 4506-Cs are missing from file, as required by Guidelines. | Reviewer Comment (2025-01-28): 4506-C document received in file and associated. Exception cleared. Buyer Comment (2025-01-27): Attached to [redacted]. |
01/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 676 | (redacted) | 33652405 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay [redacted]: Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | 4506-Cs are missing from file. | Reviewer Comment (2025-01-28): 4506-C document received in file and associated. Exception cleared. Buyer Comment (2025-01-27): Attached to [redacted] |
01/28/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 676 | (redacted) | 33652406 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay [redacted]: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | 4506-Cs are missing from file. | Reviewer Comment (2025-01-28): 4506-C document received in file and associated. Exception cleared. Buyer Comment (2025-01-27): Attached to [redacted] |
01/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 677 | (redacted) | 33652408 | Compliance | Compliance | Federal Compliance | FACTA | Federal FACTA Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | The Initial FACTA Report dated within three business days from application date is missing from the loan file. | Buyer Comment (2025-01-30): accept |
01/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 679 | (redacted) | 33652417 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower's business has been in existence less than [redacted]years and Borrower has been self employed < [redacted] years. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Residual income > $[readcted] Substantial cash reserves. Borrower's own funds used for down payment & closing (No gifts or DPA) Low housing ratio of [redacted]% or less. Excellent credit management with FICO [redacted]+. |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-01-24): Lender exception with compensating factors. |
01/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 679 | (redacted) | 33652418 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Please provided missing [redacted] EMD documentation. Source and season of deposit. | Reviewer Comment (2025-04-21): Bank statement breaks down [redacted] deposit. [redacted] for subject property EMD and [redacted] for kids preschool. The remaining EMD for [redacted] was wire on [redacted] and bank statement also states funds for subject property EMD. Buyer Comment (2025-04-16): This was addressed in the prior comment. The transaction information on the [redacted] wire transfer on [redacted] shown on the bank statement states "Ref: [redacted] Parkside DR Townhome Purchase (Marci Martinez) And [redacted]For Kids Har [redacted] Preschool (Evans[redacted])" This shows the [redacted] was applied to a different, non-real estate transaction. Reviewer Comment (2025-04-13): Final CD reflects EMD funds of [redacted] wire transfers per bank statement reflect a total of $[redacted]resulting in a [redacted] discrepancy in EMD funds. Buyer Comment (2025-04-10): Please see attached, page [redacted]wire transfer on [redacted]Commentary makes clear this transfer includes[redacted] EMD for the subject property. |
04/21/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 680 | (redacted) | 33652419 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Creditor did not provide a copy of each valuation (Report Date [redacted]) to applicant [redacted] business days prior to consummation. | Buyer Comment (2025-01-28): Approve |
01/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 680 | (redacted) | 33652421 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[redacted]disclosed an inaccurate Total of Payments on page[redacted] that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [redacted]). The disclosed Total of Payments in the amount of [redacted] is under disclosed by [redacted] compared to the calculated total of payments of [redacted] which exceeds the [redacted] threshold. | Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on page [redacted] that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [redacted]). The disclosed Total of Payments in the amount of [redacted] is under disclosed by [redacted] compared to the calculated total of payments of [redacted] which exceeds the [redacted] threshold. | Reviewer Comment (2025-02-12): [redacted] received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission. Buyer Comment (2025-02-11): LOE, NORTC re-executed, PCCD, cure check and proof of delivery uploaded. |
02/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 680 | (redacted) | 33652422 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Loan Discount Point Fee disclosed as [redacted]on LE dated [redacted], but disclosed as [redacted] on Final Closing Disclosure. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-01-29): [redacted] Received Valid COC dated [redacted] Buyer Comment (2025-01-28): COC uploaded reflecting valid COC. |
01/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 681 | (redacted) | 33652425 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule[redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Appraisal receipt was not provided to the borrower with in [redacted] business days to the note date. | Reviewer Comment (2025-02-03): Documents received, system cleared Buyer Comment (2025-01-27): Please proof of appraisal been delivered on [redacted] |
02/03/2025 | 1 | B | A | B | A | B | A | B | A | B | A | PA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 681 | (redacted) | 33652427 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Approval and Rate lock indicate loan was approved using [redacted]months Profit and Loss statement product. Underwriter worksheet and Profit and loss in file indicate [redacted]year. | Reviewer Comment (2025-02-20): Updated Approval and Rate Lock document received and associated. Exception Cleared. Buyer Comment (2025-02-18): Please see Loan Approval and Rate Lock confirmation reflecting [redacted] yr of profit and loss analysis. |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 681 | (redacted) | 33652428 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay [redacted]: Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Approval and Rate lock indicate loan was approved using [redacted]months Profit and Loss statement product. Underwriter worksheet and Profit and loss in file indicate [redacted]year. | Reviewer Comment (2025-02-20): Updated Approval and Rate Lock document received and associated. Exception Cleared. Buyer Comment (2025-02-18): Please see Loan Approval and Rate Lock confirmation reflecting [redacted] yr of profit and loss analysis. |
02/20/2025 | 1 | B | A | C | A | B | A | C | A | B | A | PA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 681 | (redacted) | 33652429 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay [redacted]: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Approval and Rate lock indicate loan was approved using [redacted]months Profit and Loss statement product. Underwriter worksheet and Profit and loss in file indicate [redacted] year. | Reviewer Comment (2025-02-20): Updated Approval and Rate Lock document received and associated. Exception Cleared. Buyer Comment (2025-02-18): Please see Loan Approval and Rate Lock confirmation reflecting [redacted] yr of profit and loss analysis. |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 681 | (redacted) | 33652430 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay [redacted]: Based on the loan failing one or more guideline components, the loan is at ATR risk. | Approval and Rate lock indicate loan was approved using [redacted] months Profit and Loss statement product. Underwriter worksheet and Profit and loss in file indicate one year. | Reviewer Comment (2025-02-20): Updated Approval and Rate Lock document received and associated. Exception Cleared. Buyer Comment (2025-02-18): Please see Loan Approval and Rate Lock confirmation reflecting[redacted] yr of profit and loss analysis. Reviewer Comment (2025-02-18): Documents provided do not pertain to income exception. Buyer Comment (2025-02-05): PCCD & PH |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 681 | (redacted) | 33652431 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | [redacted]Percent Fee Tolerance exceeded for Credit Report Fee. The Credit Report fee increased to [redacted] without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-06): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-02-05): PCCD & PH |
02/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | PA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 682 | (redacted) | 33652435 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. | File is missing evidence of receipt of valuation. | Buyer Comment (2025-01-28): Approve Reviewer Comment (2025-01-27): EV2 exception since initial appraisal report provided to borrower and final appraisal report provided to borrower post close. Exception can can waived and downgraded as an EV2 exception per client request. Buyer Comment (2025-01-22): Proof revised appraisal[redacted] delivered to the borrower. Please note, revised appraisal is acceptable to be delivered to the borrower post close as the value was not affected. Also uploading initial appraisal and proof of delivery. |
01/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WI | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 682 | (redacted) | 33652436 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted]is equal to or greater than the threshold of APOR [redacted] +[redacted], or[redacted] Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-01-27): Documents received, system cleared. Buyer Comment (2025-01-22): Proof revised appraisal[redacted]delivered to the borrower. Please note, revised appraisal is acceptable to be delivered to the borrower post close as the value was not affected. Also uploading initial appraisal and proof of delivery. |
01/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WI | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 682 | (redacted) | 33652437 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted][redacted] business days prior to consummation. | File is missing evidence of receipt of valuation. | Reviewer Comment (2025-01-27): Documents received, system cleared. Buyer Comment (2025-01-24): Please escalate to [redacted] as post dated receipt is acceptable for a revised appraisal that does not affect the value. Reviewer Comment (2025-01-24): Exception Remains - Required receipt of appraisal delivered to borrower after report date [redacted] prior to [redacted] days of note date, Post dated receipt is not acceptable. Buyer Comment (2025-01-22): Proof revised appraisal [redacted] delivered to the borrower. Please note, revised appraisal is acceptable to be delivered to the borrower post close as the value was not affected. Also uploading initial appraisal and proof of delivery. Buyer Comment (2025-01-22): Proof revised appraisal [redacted]delivered to the borrower. Please note, revised appraisal is acceptable to be delivered to the borrower post close as the value was not affected. Also uploading initial appraisal and proof of delivery. |
01/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WI | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 682 | (redacted) | 33652438 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Reinspection Fee. Fee Amount of [redacted]exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-17): Sufficient Cure Provided At Closing |
01/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WI | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 682 | (redacted) | 33652440 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule[redacted]: Creditor did not provide a copy of revised valuation to applicant [redacted][redacted]business days prior to consummation. | Buyer Comment (2025-01-28): Approve Reviewer Comment (2025-01-27): EV2 exception since initial appraisal report provided to borrower and final appraisal report provided to borrower post close. Exception can can waived and downgraded as an EV2 exception per client request |
01/28/2025 | 2 | B | B | B | B | B | WI | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 683 | (redacted) | 33652441 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Provide the bank statement for the month of July [redacted]for the account [redacted] ending with [redacted] for income calculation. | Reviewer Comment (2025-01-24): Exception Cleared - Received Bank statement for month of [redacted] [redacted] associated the same and data updated as per provided documents. Buyer Comment (2025-01-22): [redacted] [redacted]bank statement uploaded. |
01/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 683 | (redacted) | 33652442 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Provide the bank statement for the month of July [redacted]for the account [redacted] ending with [redacted] for income calculation. | Reviewer Comment (2025-01-24): Exception Cleared - Received Bank statement for month of [redacted] [redacted] associated the same and data updated as per provided documents. Buyer Comment (2025-01-22): [redacted] [redacted] bank statement uploaded. |
01/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 683 | (redacted) | 33652443 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Provide the bank statement for the month of July [redacted]for the account [redacted] ending with [redacted] for income calculation. | Reviewer Comment (2025-01-24): Exception Cleared - Received Bank statement for month of [redacted] [redacted] associated the same and data updated as per provided documents. Buyer Comment (2025-01-22): [redacted] [redacted] bank statement uploaded. |
01/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 683 | (redacted) | 33652446 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay [redacted]: Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Provide the bank statement for the month of July [redacted]for the account [redacted] ending with [redacted] for income calculation. | Reviewer Comment (2025-01-24): Exception Cleared - Received Bank statement for month of [redacted] [redacted] associated the same and data updated as per provided documents. Buyer Comment (2025-01-22): [redacted] [redacted] bank statement uploaded. |
01/24/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CT | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 683 | (redacted) | 33652448 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay [redacted]: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Provide the bank statement for the month of July [redacted]for the account [redacted] ending with [redacted] for income calculation. | Reviewer Comment (2025-01-24): Exception Cleared - Received Bank statement for month of [redacted] [redacted] associated the same and data updated as per provided documents. Buyer Comment (2025-01-22): [redacted] [redacted] bank statement uploaded. |
01/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 683 | (redacted) | 33652450 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay [redacted] Based on the loan failing one or more guideline components, the loan is at ATR risk. | Provide the bank statement for the month of July [redacted]for the account [redacted] ending with [redacted] for income calculation. | Reviewer Comment (2025-01-24): Exception Cleared - Received Bank statement for month of [redacted] associated the same and data updated as per provided documents. Buyer Comment (2025-01-22): [redacted] [redacted] bank statement uploaded. |
01/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 683 | (redacted) | 33652451 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | - | The red-flagged issues were not cleared on the Fraud Report. | Reviewer Comment (2025-01-24): Exception Cleared - Verified data updated as per Fraud Report all red flagged issues were addressed. Buyer Comment (2025-01-22): Please see image [redacted], fraud guard addressees all red flagged issues. |
01/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 684 | (redacted) | 33652454 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Evidence the Borrower received the Final Appraisal report at least three days prior to closing is missing from the loan file. | Reviewer Comment (2025-02-03): Delivery provided, system cleared. Buyer Comment (2025-01-27): Please see proof of delivery attached. |
02/03/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 684 | (redacted) | 33652455 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted]Fee Tolerance exceeded for Title - Lender's Title Insurance. Fee Amount of [redacted] exceeds tolerance of [redacted] Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-16): Sufficient Cure Provided At Closing |
01/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | A | A | A | B | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 685 | (redacted) | 33652456 | Compliance | Compliance | Federal Compliance | FACTA | Federal FACTA Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | Buyer Comment (2025-01-27): Accepted |
01/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 685 | (redacted) | 33652459 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted] business days of application. | Reviewer Comment (2025-02-02): Disclosure provided, system cleared. Buyer Comment (2025-01-27): Please see initial Affiliated business attached. |
02/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 685 | (redacted) | 33652460 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:[redacted]Fee Tolerance exceeded for Transfer Tax. Fee Amount of [redacted] exceeds tolerance of[redacted] Insufficient or no cure was provided to the borrower. | [redacted]Percent Fee Tolerance exceeded for Transfer Tax. The Transfer Tax increased to $ [redacted] without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-06): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-02-05): PCCD |
02/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 685 | (redacted) | 33652461 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] Insufficient or no cure was provided to the borrower. | [redacted]Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. A Title Settlement Fee was added without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-06): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-02-05): pay history Reviewer Comment (2025-01-29): [redacted] received comment. The fee was corrected on PCCD dated [redacted] however, LOE is missing in file to accompanied CD. Please provide LOE to borrower to clear this exception. Buyer Comment (2025-01-27): No cure is needed since the fee was disclosed in the previous CD dated [redacted]as Title Services Fee then on CD dated [redacted] fee changed name to Escrow fee and disclosed in the incorrect section B. Until the CD dated [redacted] was disclosed in the correct section C |
02/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 687 | (redacted) | 33652467 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Visa classification C9 is ineligible per guidelines. | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Residual income > $[readcted] Borrower's own funds used for down payment & closing (No gifts or DPA). Qualifying ratios of [redacted] or less. Excellent credit management with FICO [redacted]+. |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-01-23): Lender exception with compensating factors. |
01/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 688 | (redacted) | 33652471 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Initial escrow account statement does not match charges on Post Closing Disclosure. | Reviewer Comment (2025-02-11): Updated disclosure provided. Buyer Comment (2025-01-31): Initial escrow acct disclosure and LOE uploaded. |
02/11/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 688 | (redacted) | 33652472 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The loan file is missing the title commitment. | Reviewer Comment (2025-02-18): Final title provided Reviewer Comment (2025-02-11): Short form provide. Buyer Comment (2025-01-31): Final title policy uploaded. |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 688 | (redacted) | 33652473 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay [redacted]: Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The loan file does not document the ownership percentage in the business used for income qualification. | Reviewer Comment (2025-02-18): Documents received, system cleared. Reviewer Comment (2025-02-03): Document form no [redacted] is signed in [redacted], But recent document Sunbiz search only shows Borrower as a manager and not a member. Provide us with latest or alternate document which shows Proof of [redacted]% ownership. Exception remains Buyer Comment (2025-01-31): Proof of [redacted] ownership uploaded, see page [redacted]. |
02/18/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 688 | (redacted) | 33652474 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay [redacted]: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The loan file does not document the ownership percentage in the business used for income qualification. | Reviewer Comment (2025-02-18): Documents received, system cleared. Reviewer Comment (2025-02-03): Document form no [redacted] is signed in [redacted] , But recent document [redacted] search only shows Borrower as a manager and not a member. Provide us with latest or alternate document which shows Proof of [redacted]% ownership. Exception remains Buyer Comment (2025-01-31): Proof of [redacted]% ownership uploaded, see page [redacted]. |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 688 | (redacted) | 33652475 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of[redacted]. Insufficient or no cure was provided to the borrower. | [redacted]Percent Fee Tolerance exceeded for Loan Discount Points. The Loan Discount Points increased to $ [redacted]without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-11): [redacted] received a valid COC. Buyer Comment (2025-02-11): Please note, COC reflects credit grade updated to B. Reviewer Comment (2025-02-04): [redacted] received Changed Circumstance dated [redacted], but it does not give sufficient information on why the fee was increased. In order to determine if the changed circumstance is valid more information is necessary on reason fee increased and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-01-31): VCOC uploaded. |
02/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 688 | (redacted) | 33652476 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay [redacted]: Based on the loan failing one or more guideline components, the loan is at ATR risk. | The loan file does not document the ownership percentage in the business used for income qualification. | Reviewer Comment (2025-02-18): Documents received, system cleared. Reviewer Comment (2025-02-03): Document form no [redacted] is signed in [redacted], But recent document [redacted] search only shows Borrower as a manager and not a member. Provide us with latest or alternate document which shows Proof of [redacted]% ownership. Exception remains Buyer Comment (2025-01-31): Proof of [redacted]% ownership uploaded, see page [redacted]. |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 688 | (redacted) | 33652477 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The loan file does not document the ownership percentage in the business used for income qualification. | Reviewer Comment (2025-02-18): Documents received, system cleared. Buyer Comment (2025-02-04): Please note, the documentation provided is sufficient and meets guideline requirements. Please escalate to Linda/Diane to review. Reviewer Comment (2025-02-03): Document form no [redacted] is signed in [redacted], But recent document Sunbiz search only shows Borrower as a manager and not a member. Provide us with latest or alternate document which shows Proof of [redacted]% ownership. Exception remains Buyer Comment (2025-01-31): Proof of [redacted]% ownership uploaded, see page [redacted]. |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 689 | (redacted) | 33652480 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:[redacted] Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] Insufficient or no cure was provided to the borrower. | Title - Endorsement Fee disclosed as $ [redacted]on LE dated [redacted], but disclosed as $ [redacted]on Final Closing Disclosure. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-06): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-02-05): pay history |
02/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 689 | (redacted) | 33652481 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted]or [redacted] Insufficient or no cure was provided to the borrower. | $ [redacted]violation due to increase in Title - Document Preparation and Recording Fees. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-06): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-02-05): PCCD |
02/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 690 | (redacted) | 33652482 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule [redacted]: Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Reviewer Comment (2025-02-04): Document provided, system cleared. Buyer Comment (2025-01-28): Please see Homeownership list attached |
02/04/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NM | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 690 | (redacted) | 33652484 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of[redacted]plus [redacted] or [redacted] Insufficient or no cure was provided to the borrower. | [redacted]% tolerance was exceeded. $ [redacted]exceeds tolerance of $ [redacted]plus [redacted]% or $ [redacted]. No valid COC provided, nor evidence of cure in file. | Reviewer Comment (2025-02-26): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-02-25): pccd with cover letter for cure Buyer Comment (2025-02-25): principal reduction uploaded Reviewer Comment (2025-01-30): [redacted]: On Initial LE Title-Settlement fee $[redacted], Title-Lender title fee $[redacted], Endorsement fee $325 and Recording fee $[redacted]. The Total of [redacted]% Tolerance fee on LE is $[redacted]+ [redacted]% ($[redacted]) = $[redacted]. whereas on Final CD Title-Settlement fee $[redacted],[redacted], Title-Lender title fee $[redacted], Endorsement fee $[redacted], Recording fee $[redacted]and Recording fee $50 on Final CD total of [redacted]% Tolerance is $[redacted]. Hence, the fees were exceeds of 10% tolerance in the amount of $[redacted](ILE $[redacted]+ [redacted]% ($[redacted]) = $[redacted]- $[redacted]) without VCC's. Provide valid COC for the Settlement fee increased and Recording fee added or Cure is required to borrower. Buyer Comment (2025-01-28): Could you please kindly provide more information in regards the baseline that you are taking from the settlement charges for the amount of $[redacted]? per initial LE dated [redacted] the initial baseline from the settlement charges is $[redacted] plus recording fee $[redacted]= $[redacted]. Thank you |
02/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NM | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 691 | (redacted) | 33652486 | Compliance | Compliance | Federal Compliance | FACTA | Federal FACTA Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | The FACTA Disclosure was not provided to the Borrower within three business days of the application date. | Reviewer Comment (2025-02-06): Exception cleared - Correct FACTA Disclosure details updated in [redacted]. Buyer Comment (2025-01-30): The Disclosure Tracking Details show the CMS - Risk Based Pricing Notice was included in the initial disclosure package. This document contains the required FACTA Credit Score Disclosure information. |
02/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MI | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 691 | (redacted) | 33652489 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Evidence the Borrower received a copy of the final appraisal at least three business days prior to closing is missing from the loan file. | Reviewer Comment (2025-02-06): Exception cleared - Appraisal delivery proof received and updated in [redacted]. Buyer Comment (2025-02-05): Please see delivery attached to finding [redacted]. Reviewer Comment (2025-02-03): Provided Delivery certificate is not showing delivery date and time, Exception remains. Buyer Comment (2025-01-30): Please see delivery attached to finding [redacted]. |
02/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MI | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 691 | (redacted) | 33652490 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted]Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted] or Final Disclosure APR of[redacted] is equal to or greater than the threshold of APOR [redacted]+[redacted], or [redacted]. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-02-06): Exception cleared - Appraisal delivery proof received and updated in [redacted]. Buyer Comment (2025-01-30): Waterfall, please clear |
02/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 691 | (redacted) | 33652491 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule [redacted]: Creditor did not provide a copy of each valuation to applicant [redacted][redacted] business days prior to consummation. | Evidence the Borrower received a copy of the final appraisal at least three business days prior to closing is missing from the loan file. | Reviewer Comment (2025-02-06): Exception cleared - Appraisal delivery proof received and updated in [redacted]. Buyer Comment (2025-02-05): Attached, borrower viewed [redacted]. Reviewer Comment (2025-02-03): Provided Delivery certificate is not showing delivery date and time, Exception remains. Buyer Comment (2025-01-30): The [redacted] signed copy of the appraisal was an update/correction which did not impact the value of the original opinion. The original appraisal was delivered to borrower [redacted], attached is the delivery of the revision. |
02/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 692 | (redacted) | 33652496 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted]exceeds tolerance of [redacted] Insufficient or no cure was provided to the borrower. | The Initial Closing Disclosure issued on [redacted] reflects a Loan Amount Change. The Changed Circumstance is missing from the loan file. | Reviewer Comment (2025-01-30): [redacted] Received Valid COC dated [redacted]. Buyer Comment (2025-01-30): VCOC uploaded. |
01/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 692 | (redacted) | 33652497 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee. Fee Amount of [redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Initial Closing Disclosure issued on [redacted] reflects a Loan Amount Change. The Changed Circumstance is missing from the loan file. | Reviewer Comment (2025-01-30): [redacted] Received Valid COC dated [redacted]. Buyer Comment (2025-01-30): VCOC uploaded. |
01/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 694 | (redacted) | 33652502 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Lender approved exception for FICO score less than guideline minimum. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Residual income > $[readcted] Substantial cash reserves. Quailing ratios of [redacted] or less. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-24): Lender exception with compensating factors. |
01/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 694 | (redacted) | 33652504 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Reviewer Comment (2025-01-31): Document provided. Buyer Comment (2025-01-30): Corrected IEAD uploaded. |
01/31/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Rate/Term | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 694 | (redacted) | 33652505 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Estimated Escrow Payment Under Disclosed Test | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan. | Reviewer Comment (2025-01-31): Corrected CD cured prior to reporting. Buyer Comment (2025-01-30): Please see image [redacted], CD dated [redacted] reflecting correct escrows. |
01/31/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Rate/Term | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 694 | (redacted) | 33652506 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow - Monthly Escrow Payment Underdisclosed Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. | Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. | Reviewer Comment (2025-01-31): Corrected CD cured prior to reporting. Buyer Comment (2025-01-30): Please see image [redacted], CD dated [redacted] reflecting correct escrows. |
01/31/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Rate/Term | Provide the following: Letter of Explanation notifying borrower or error and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 694 | (redacted) | 33652507 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The business used for income qualification has been open less than two years as required by guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Residual income > $[readcted] Substantial cash reserves. Quailing ratios of [redacted] or less. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-24): Lender exception with compensating factors. |
01/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 695 | (redacted) | 33652512 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. | Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used; the H-9 form should have been used. | Buyer Comment (2025-01-29): Accept |
01/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MN | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 695 | (redacted) | 33652513 | Compliance | Compliance | State Compliance | Misc. State Level | [redacted] Tangible Net Benefit Disclosure | [redacted] Residential Mortgage Originator and Servicer Licensing Act: Tangible Net Benefit Disclosure not provided to the Borrower. | The Tangible Net Benefit Disclosure was not signed and dated by the Borrower. | Reviewer Comment (2025-02-05): Disclosure provided, system cleared. Buyer Comment (2025-01-30): Disclosure uploaded. |
02/05/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MN | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 696 | (redacted) | 33652515 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Signed and dated 4506 document is missing in file. The loan file is missing a verification of the business used for income qualification within [redacted] business days of closing. | Reviewer Comment (2025-02-03): 4506-C and VVOE received and associated. Exception cleared. Buyer Comment (2025-01-31): 4506C and VVOE uploaded. |
02/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 696 | (redacted) | 33652519 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrow Costs Year [redacted] Underdisclosed - [redacted] | TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [redacted] of on Final Closing Disclosure provided on [redacted] are underdisclosed. | Non-Escrowed Property Costs over Year [redacted] of on Final Closing Disclosure provided on [redacted] are underdisclosed. | Reviewer Comment (2025-02-07): [redacted] received updated 1008 by removing other insurance. Buyer Comment (2025-02-05): Updated 1008 and 1003 removing monthly payments underwriter entered in error. Reviewer Comment (2025-02-05): [redacted] received rebuttal. As per 1008 the other monthly payments show amount of $[redacted] which is not escrowed on CD. Also, there are no documents available in file to verify the amount. Please provide corrected PCCD, LOE and/or documentation of other amounts used. Buyer Comment (2025-02-04): Please clarify what non-escrow costs reviewer is referring to. Reviewer Comment (2025-02-04): Final Closing Disclosure disclosed Non-Escrowed Property Costs over Year [redacted] of $[redacted]. Non-Escrowed Property Costs are $[redacted] per month for Other monthly cost, which equates to calculated Non-escrowed Property Costs over Year [redacted] of $[redacted]. PCCD and LOE required in order to address the exception and documentation of other amounts used. Buyer Comment (2025-01-31): Please note, the loan is escrowed. There are no monthly non-escrow costs and CD [redacted] reflecting field as blank is correct. |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 696 | (redacted) | 33652520 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Missing 4506-C. The loan file is missing a verification of the business used for income qualification within [redacted] business days of closing. | Reviewer Comment (2025-02-03): 4506-C and VVOE received and associated. Exception cleared. Buyer Comment (2025-01-31): 4506C and VVOE uploaded. |
02/03/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 696 | (redacted) | 33652521 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Missing 4506-C. The loan file is missing a verification of the business used for income qualification within [redacted] business days of closing. | Reviewer Comment (2025-02-03): 4506-C and VVOE received and associated. Exception cleared. Buyer Comment (2025-01-31): 4506C and VVOE uploaded. |
02/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 696 | (redacted) | 33652522 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Missing 4506-C. The loan file is missing a verification of the business used for income qualification within [redacted] business days of closing. | Reviewer Comment (2025-02-03): 4506-C and VVOE received and associated. Exception cleared. Buyer Comment (2025-01-31): 4506C and VVOE uploaded. |
02/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 696 | (redacted) | 33652523 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Missing 4506-C. The loan file is missing a verification of the business used for income qualification within [redacted] business days of closing. | Reviewer Comment (2025-02-03): 4506-C and VVOE received and associated. Exception cleared. Buyer Comment (2025-01-31): 4506C and VVOE uploaded. |
02/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 696 | (redacted) | 33652524 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to [redacted] business days from transaction date of [redacted]. | There is no signature date on the final CD, so Clarity is using the [redacted] day mailbox rule to calculate the dates, which is then impacting the RTC calculation. | Reviewer Comment (2025-04-02): Provided the following: Letter of Explanation, Proof of Delivery, and Re-opened Rescission using the correct model form Buyer Comment (2025-03-28): Re-executed NORTC, LOE and proof of delivery uploaded. Reviewer Comment (2025-02-11): The signature date does not determine the sequence of disclosure testing, rather the Issue Date does. As the [redacted] CD was issued on or before the Note Date, than the [redacted], is not the final CD. Reviewer Comment (2025-02-11): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to [redacted] business days from transaction date of [redacted]. Buyer Comment (2025-01-31): Final CD signed uploaded. |
04/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 696 | (redacted) | 33652525 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | There is no signature date on the final CD, so Clarity is using the [redacted] day mailbox rule to calculate the dates, which is then impacting the RTC calculation. | Reviewer Comment (2025-04-02): Provided the following: Letter of Explanation, Proof of Delivery, and Re-opened Rescission using the correct model form Buyer Comment (2025-03-28): Re-executed NORTC, LOE and proof of delivery uploaded. Reviewer Comment (2025-02-11): The signature date does not determine the sequence of disclosure testing, rather the Issue Date does. As the [redacted] CD was issued on or before the Note Date, than the [redacted], is not the final CD. Buyer Comment (2025-01-31): Final CD signed uploaded. |
04/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 697 | (redacted) | 33652529 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. | The data update from the final closing disclosure correctly and the Homeowners insurance is not getting escrowed, only Flood insurance is getting escrowed. | Buyer Comment (2025-02-14): acceptable |
02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | Good Faith Redisclosure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 699 | (redacted) | 33652537 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Lender Credit was disclosed on initial Loan estimate as [redacted] but disclosed but final Closing Disclosure $0. File does not contain a valid COC for this fee, nor evidence of cure is provided in file. | Reviewer Comment (2025-02-04): [redacted] received a valid COC. Buyer Comment (2025-02-03): VCOC uploaded. |
02/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 699 | (redacted) | 33652538 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Loan Discount Points. Fee was disclosed on initial Loan estimate as $[redacted] but disclosed but final Closing Disclosure $[redacted]. File does not contain a valid COC for this fee, nor evidence of cure is provided in file. | Reviewer Comment (2025-02-04): [redacted] received a valid COC. Buyer Comment (2025-02-03): VCOC uploaded. |
02/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 699 | (redacted) | 33652539 | Compliance | Compliance | Federal Compliance | TILA | ARM Disclosure Timing Test | TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three ([redacted]) days of application. | Reviewer Comment (2025-02-13): Documentation provided. Cleared. Buyer Comment (2025-02-03): Initial ARM disclosure uploaded. |
02/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Refinance - Cash-out - Other | No Defined Cure | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 699 | (redacted) | 33652541 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous Miscellaneous |
Residual income > $[readcted] Low housing ratio of [redacted]% or less. Total monthly payment savings of at least $[redacted] to $[redacted] month. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-01-29): Lender exception with compensating factors. |
01/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 699 | (redacted) | 33652542 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | LTV/CLTV exceeds lender guidelines (Max [redacted]% for a FICO of [redacted]) and Borrower is short the required [redacted] months reserves. ****UPDATE [redacted] - LTV exceeded Guidelines, CLTV maximum [redacted]%. | Reviewer Comment (2025-01-29): Lender exception with compensating factors, system cleared. |
01/29/2025 | 1 | B | A | C | A | B | A | C | A | B | A | IN | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 699 | (redacted) | 33652543 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | LTV/CLTV exceeds lender guidelines (Max [redacted]% for a FICO of [redacted]) and Borrower is short the required [redacted] months reserves. ****UPDATE [redacted] - LTV exceeded Guidelines, CLTV maximum [redacted]%. | Reviewer Comment (2025-01-29): Lender exception with compensating factors, system cleared. |
01/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 699 | (redacted) | 33652544 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | LTV/CLTV exceeds lender guidielines (Max [redacted]% for a FICO of [redacted]). | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous Miscellaneous |
Residual income > $[readcted] Low housing ratio of [redacted]% or less. Total monthly payment savings of at least $[redacted] to $[redacted] month. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-01-29): Lender exception with compensating factors. |
01/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 700 | (redacted) | 33652549 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). (Final/[redacted]) | Reviewer Comment (2025-02-26): [redacted] received PCCD, LOE, Copy of refund check, reopening of RTC and proof of delivery. Buyer Comment (2025-02-25): Attached are all cure documents including re-executed NORTC, check, tracking, and LOE. |
02/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MO | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 700 | (redacted) | 33652550 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated | Reviewer Comment (2025-02-26): [redacted] received PCCD, LOE, Copy of refund check, reopening of RTC and proof of delivery. Buyer Comment (2025-02-25): Cure attached to [redacted]. |
02/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MO | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 700 | (redacted) | 33652552 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Missing verification of business existence required within [redacted] business days of closing and verification borrower is [redacted]% owner of business from acceptable third party or source document. |
Reviewer Comment (2025-02-20): Document provided to verify the ownership % of the borrower and business existence within [redacted] business days prior to closing exception cleared. Buyer Comment (2025-02-18): Please see finding [redacted]. |
02/20/2025 | 1 | B | A | C | A | B | A | C | A | B | A | MO | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 700 | (redacted) | 33652553 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Missing verification of business existence required within [redacted] business days of closing and verification borrower is [redacted]% owner of business from acceptable third party or source document. |
Reviewer Comment (2025-02-20): Document provided to verify the ownership % of the borrower and business existence within [redacted] business days prior to closing exception cleared. Buyer Comment (2025-02-18): Please see finding [redacted]`. |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 700 | (redacted) | 33652554 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Missing verification of business existence required within [redacted] business days of closing and verification borrower is [redacted]% owner of business from acceptable third party or source document. |
Reviewer Comment (2025-02-20): Document provided to verify the ownership % of the borrower and business existence within [redacted] business days prior to closing exception cleared. Buyer Comment (2025-02-18): Please see finding [redacted]. |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 700 | (redacted) | 33652555 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Missing verification of business existence required within [redacted] business days of closing and verification borrower is [redacted]% owner of business from acceptable third party or source document. | Reviewer Comment (2025-02-20): Document provided to verify the ownership % of the borrower and business existence within [redacted] business days prior to closing exception cleared. Buyer Comment (2025-02-18): State records show the business was active as of [redacted]. Buyer Comment (2025-02-18): Attached IRS letter shows the borrower as "SOLE MBR" meaning "Sole Member." The borrower is the only owner of the business. |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 700 | (redacted) | 33652556 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing verification of business existence required within [redacted] business days of closing and verification borrower is [redacted]% owner of business from acceptable third party or source document. | Reviewer Comment (2025-02-20): Document provided to verify the ownership % of the borrower and business existence within 10 business days prior to closing exception cleared. Buyer Comment (2025-02-18): Please see finding [redacted]. |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 701 | (redacted) | 33652558 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The subject property is located in a FEMA disaster area. A post disaster inspection verifying there was no damage to the subject property is required | Reviewer Comment (2025-01-30): Appraisal effective date is dated after disaster declaration date with no damages reported from storm. |
01/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 701 | (redacted) | 33652560 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Date valuation provided to applicant is prior to the date when valuation was performed. | Reviewer Comment (2025-02-18): Report received, exception cleared. Buyer Comment (2025-02-06): Please find a copy of the original appraisal report, appraisal delivery of the original report and appraisal delivery of the revised report you have in file uploaded |
02/18/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 701 | (redacted) | 33652561 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Lender approved exception allowing collection/charge-off to remain open. | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Excellent credit management with FICO [redacted] |
Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-30): Lender Exception with Compensating Factors. |
01/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 701 | (redacted) | 33652562 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Reviewer Comment (2025-02-10): Exception cleared. Received copy of original appraisal and appraisal delivery document of revised appraisal and updated correctly. Buyer Comment (2025-02-06): Please find a copy of the original appraisal report, appraisal delivery of the original report and appraisal delivery of the revised report you have in file uploaded |
02/10/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 701 | (redacted) | 33652563 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-02-10): Exception cleared. Received copy of original appraisal and appraisal delivery document of revised appraisal and updated correctly. Buyer Comment (2025-02-06): Please find a copy of the original appraisal report, appraisal delivery of the original report and appraisal delivery of the revised report you have in file uploaded |
02/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 701 | (redacted) | 33652564 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2025-02-10): Exception cleared. Received copy of original appraisal and appraisal delivery document of revised appraisal and updated correctly. Buyer Comment (2025-02-06): Please find a copy of the original appraisal report, appraisal delivery of the original report and appraisal delivery of the revised report you have in file uploaded |
02/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 701 | (redacted) | 33652566 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | The loan file does not document delivery of the desk review to borrower. Delivery required as value came in different than the appraisal. Exception is an EV2 which can be elected to waive. | Buyer Comment (2025-02-18): * |
02/18/2025 | 2 | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 702 | (redacted) | 33652570 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Underwriting Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Underwriting Fee of $[redacted]was not disclosed on Loan Estimate. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-04): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-03-04): Completed cure attached to finding [redacted], total amount cured $[redacted]. |
03/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CT | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 702 | (redacted) | 33652571 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee of $[redacted]was not disclosed on Loan Estimate. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-04): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-03-04): Completed cure attached to finding [redacted], total amount cured $[redacted]. |
03/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CT | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 702 | (redacted) | 33652572 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] violation due to increase in Recording Fees. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-04): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-03-04): Completed cure attached, total amount cured $[redacted]. |
03/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CT | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 703 | (redacted) | 33652575 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-01-30): HPML Escrow exception cleared based on tax exemption and loan flipped to HPML Compliant. |
01/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 703 | (redacted) | 33652584 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Estimated Escrow Payment Over Disclosed Test | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan. | Final Closing Disclosure provided on [redacted] disclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan. | Reviewer Comment (2025-01-27): Sufficient Cure Provided At Closing |
01/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 703 | (redacted) | 33652586 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow - Monthly Escrow Payment Overdisclosed Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. | Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. | Reviewer Comment (2025-01-27): Sufficient Cure Provided At Closing |
01/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 703 | (redacted) | 33652587 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of [redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-29): Sufficient Cure Provided At Closing |
01/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 703 | (redacted) | 33652588 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (1st Lien, Escrow Not Established) | Federal Higher-Priced Mortgage Loan (2013): Mandatory escrow account not established on 1st lien mortgage loan. | Reviewer Comment (2025-01-30): [redacted] received evidence of property tax exemption. Escrows established for hazard insurance. |
01/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | If escrow was established before consummation for one impound item but not the other (e.g. taxes but not insurance), cure available by escrowing item that was not previously included. Proof of new escrow setup required. If no escrow account was established at or before consummation, no cure available. |
C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 703 | (redacted) | 33652590 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Fee changed without a valid CofC. CofC at a minimum should include the original estimate of the cost, the specific reason for the revision and how it impacted the specific fee(s) that increased, revised amount, and the date of the changed circumstance. | Reviewer Comment (2025-02-12): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-02-11): PCCD and payment history reflecting PR uploaded. |
02/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 703 | (redacted) | 33652591 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Fee changed without a valid CofC. CofC at a minimum should include the original estimate of the cost, the specific reason for the revision and how it impacted the specific fee(s) that increased, revised amount, and the date of the changed circumstance. | Reviewer Comment (2025-02-06): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception." Buyer Comment (2025-02-05): Funder CD and Fina SS reflecting $[redacted] cure issued at funding. |
02/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 703 | (redacted) | 33652593 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Lender's Title Insurance. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Provide Valid Change of Circumstance with evidence to support change and amounts affected, or cure to the borrower with a Post-close Closing Disclosure and evidence it was sent to the borrower with an explanation of changes. Loan file contains Change of Circumstance form, however there is no evidence to support the actual change. | Reviewer Comment (2025-03-04): Sufficient Cure Provided At Closing |
03/04/2025 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 704 | (redacted) | 33652598 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Calculated PITIA months reserves of 4.93 is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2025-02-12): Evidence of access to funds received and updated. Reserve requirement met. Exception cleared Buyer Comment (2025-02-11): Operating Agreement for Core [redacted] reflecting % of ownership. Reviewer Comment (2025-02-05): Exception Remains - Funds in business accounts are not permitted as per provided information, Required sufficient assets to meet reserves requirements. Buyer Comment (2025-02-04): All exceptions addressed individually. |
02/12/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 704 | (redacted) | 33652599 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Calculated PITIA months reserves of 4.93 is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2025-02-12): Evidence of access to funds received and updated. Reserve requirement met. Exception cleared Buyer Comment (2025-02-11): Operating Agreement for Core Issuance LLC reflecting % of ownership. Reviewer Comment (2025-02-05): Exception Remains - Funds in business accounts are not permitted as per provided information, Required sufficient assets to meet reserves requirements. Buyer Comment (2025-02-04): All exceptions addressed individually. |
02/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 704 | (redacted) | 33652600 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted] without a valid COC. Change of Circumstance provided in file was not received within [redacted] days. COC dated [redacted], CD issued [redacted], more than [redacted] days after the COC. | Reviewer Comment (2025-02-05): [redacted] received COC dated [redacted] for lock extension. Buyer Comment (2025-02-04): VCOC uploaded. |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 704 | (redacted) | 33652601 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] without a valid COC. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-11): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-02-11): PCCD and payment history reflecting PR uploaded. |
02/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 704 | (redacted) | 33652602 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] without a valid COC. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-05): [redacted] received Letter of Explanation, Payment History and Corrected PCCD. Buyer Comment (2025-02-04): PCCD and payment history reflecting PR uploaded. |
02/05/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 704 | (redacted) | 33652603 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2025-02-12): Evidence of access to funds received and updated. Reserve requirement met. Exception cleared Buyer Comment (2025-02-11): Operating Agreement for Core Issuance LLC reflecting % of ownership. Reviewer Comment (2025-02-05): Exception Remains - Funds in business accounts are not permitted as per provided information, Required sufficient assets to meet reserves requirements. Buyer Comment (2025-02-04): All exceptions addressed individually. |
02/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 704 | (redacted) | 33652604 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | The loan file does not contain a verification of mortgage for the subject property. | Reviewer Comment (2025-02-19): Bridge loan payoff provided Buyer Comment (2025-02-18): Demand uploaded. Reviewer Comment (2025-02-14): Required payoff statement or pay history for bridge loan with Flyhomes. Exception remains. Buyer Comment (2025-02-12): Please review as documentation uploaded for this exception. Buyer Comment (2025-02-04): The loan being paid off is a bridge loan with Flynhomes in which he does not have a monthly payment due. They do not provide statements. CD from the loan, the extension reflecting the maturity date and payoff included with this upload. |
02/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 704 | (redacted) | 33652605 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2025-02-12): Evidence of access to funds received and updated. Reserve requirement met. Exception cleared Buyer Comment (2025-02-11): Operating Agreement for [redacted] reflecting % of ownership. Reviewer Comment (2025-02-05): Exception Remains - Funds in business accounts are not permitted as per provided information, Required sufficient assets to meet reserves requirements. Buyer Comment (2025-02-04): [redacted] is not including [redacted] business account, please refer to images D0239 and D0240, two months statements. |
02/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 704 | (redacted) | 33652606 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2025-02-12): Evidence of access to funds received and updated. Reserve requirement met. Exception cleared Buyer Comment (2025-02-11): Operating Agreement for Core Issuance LLC reflecting % of ownership. Reviewer Comment (2025-02-05): Exception Remains - Funds in business accounts are not permitted as per provided information, Required sufficient assets to meet reserves requirements. Buyer Comment (2025-02-04): [redacted] is not including [redacted] business account, please refer to images [redacted] and [redacted] , [redacted] months statements. |
02/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 704 | (redacted) | 33652607 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | All other conditions were not met | Reviewer Comment (2025-02-19): Bridge loan payoff provided Buyer Comment (2025-02-12): All conditions have been uploaded and met. |
02/19/2025 | 1 | A | A | A | A | A | TX | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 705 | (redacted) | 33652610 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee of $ was not disclosed on Loan Estimate. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-21): [redacted] received a valid COC. Buyer Comment (2025-02-20): The credit report was not expired, but guidelines require a soft pull credit report within [redacted] days of closing. Thus, once the closing date was set the soft pull was ordered and [redacted] disclosed the fee amount when it became known. Reviewer Comment (2025-02-19): [redacted] received rebuttal comment that soft pull is required due to length of the origination process however, the credit report dated [redacted] is already in file and was not expired. More information is required why soft pull was required and when lender has become aware of the same or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-02-18): This was disclosed [redacted], the same day [redacted] confirmed the charge; see attached. The soft pull was necessary to comport with guidelines due to the length of the origination process. |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 706 | (redacted) | 33652616 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. | Lender to lender refinance per title, H-9 form should have been used. | Buyer Comment (2025-02-03): Approve |
02/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 706 | (redacted) | 33652617 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | loan to value percentage of [redacted]% exceeds Guideline loan to value percentage of [redacted]%. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-29): Lender Exception with Compensating Factors. |
01/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 710 | (redacted) | 33652630 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | The disclosed Amount Financed in the amount of $[redacted]is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] | Reviewer Comment (2025-02-12): [redacted] received documenta dn explanaton that title-tax cert was a one time fee and [redacted]. Buyer Comment (2025-02-11): Please see tax cert attached, page [redacted] reflecting cert fee at the bottom of second page. Reviewer Comment (2025-02-05): The exclusion under [redacted](c)([redacted]) Comment [redacted] provides that life of loan tax service regardless of payee would be included as finance charge, but one time upfront determination would be excluded. Please confirm or provide invoice to support that tax certification charge is a one-time upfront tax determination and does not include tax service charges for life of loan determination [redacted](c)([redacted]) Comment [redacted] Charges assessed during the loan term. Real estate or residential mortgage transaction charges excluded under §[redacted]([redacted])([redacted]) are those charges imposed solely in connection with the initial decision to grant credit. This would include, for example, a fee to search for tax liens on the property or to determine if flood insurance is required. The exclusion does not apply to fees for services to be performed periodically during the loan term, regardless of when the fee is collected. For example, a fee for one or more determinations during the loan term of the current tax-lien status or flood-insurance requirements is a finance charge, regardless of whether the fee is imposed at closing, or when the service is performed. If a creditor is uncertain about what portion of a fee to be paid at consummation or loan closing is related to the initial decision to grant credit, the entire fee may be treated as a finance charge. Buyer Comment (2025-02-04): A Tax Certification fee imposed by the Lender is a finance charge. However, this fee is imposed by a third party (title company) and is necessary for title insurance and is therefore not a prepaid finance charge. This finding is invalid. |
02/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 710 | (redacted) | 33652631 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted]which exceeds the $[redacted] threshold | Reviewer Comment (2025-02-12): [redacted] received documenta dn explanaton that title-tax cert was a one time fee and [redacted]. Buyer Comment (2025-02-11): Please see tax cert attached, page [redacted]reflecting cert fee at the bottom of second page. Reviewer Comment (2025-02-05): The exclusion under [redacted]([redacted])([redacted]) Comment [redacted] provides that life of loan tax service regardless of payee would be included as finance charge, but one time upfront determination would be excluded. Please confirm or provide invoice to support that tax certification charge is a one-time upfront tax determination and does not include tax service charges for life of loan determination [redacted]([redacted])([redacted]) Comment [redacted] Charges assessed during the loan term. Real estate or residential mortgage transaction charges excluded under §1026.4(c)(7) are those charges imposed solely in connection with the initial decision to grant credit. This would include, for example, a fee to search for tax liens on the property or to determine if flood insurance is required. The exclusion does not apply to fees for services to be performed periodically during the loan term, regardless of when the fee is collected. For example, a fee for one or more determinations during the loan term of the current tax-lien status or flood-insurance requirements is a finance charge, regardless of whether the fee is imposed at closing, or when the service is performed. If a creditor is uncertain about what portion of a fee to be paid at consummation or loan closing is related to the initial decision to grant credit, the entire fee may be treated as a finance charge. Buyer Comment (2025-02-04): A Tax Certification fee imposed by the Lender is a finance charge. However, this fee is imposed by a third party (title company) and is necessary for title insurance and is therefore not a prepaid finance charge. This finding is invalid. |
02/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 712 | (redacted) | 33652637 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Buyer Comment (2025-02-20): * Reviewer Comment (2025-02-19): Initial escrow account disclosure statement dated [redacted] has an Escrow Account Balance of $[redacted]and the PCCD page 2 section G has the Initial Escrow Payment at Closing balance of $[redacted]. Buyer Comment (2025-02-12): Both the CD and the escrow statement are correct, as the borrower elected not to include hazard insurance in escrow. The CD requires the total of taxes, HOA, and insurance payments and separately asks whether these are included in escrow. The tax payment is $[redacted] per month. The amount on the CD includes the hazard payment but specifies it is not included in escrow. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 712 | (redacted) | 33652638 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Re-Issue Fee was last disclosed as $[redacted] on the Loan Estimate but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a Valid change of circumstance for this fee, nor evidence of cure in file | Reviewer Comment (2025-02-13): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-02-12): Cure already complete, see attached. |
02/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CT | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 712 | (redacted) | 33652640 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-13): Sufficient Cure Provided within [redacted] Days of Closing |
02/13/2025 | 1 | A | A | A | A | A | CT | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 714 | (redacted) | 33652646 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has an unverifiable housing history. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Lender Exception with Compensating Factors. Excellent credit management with FICO [redacted] Low default risk with equity, LTV [redacted]% lower than matrix |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-17): Lender Exception with Compensating Factors provided. |
03/17/2025 | 2 | B | B | B | B | B | GA | Primary | Purchase | A | B | A | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 716 | (redacted) | 33652652 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. | Acknowledgement of valuation provided to borrower at least [redacted] business days prior to consummation is not present in file. | Reviewer Comment (2025-02-27): Delivery and receipt provided, system cleared. Buyer Comment (2025-02-21): *Commentary correction, delivery [redacted], received by [redacted] on [redacted]. Buyer Comment (2025-02-21): Attached log showing delivery same day. |
02/27/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 716 | (redacted) | 33652653 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Re-Issue Fee was not disclosed on initial LE but on Closing disclosure disclosed as [redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-24): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-02-21): [redacted] cured on funder CD, additional $[redacted] cure applied with the attached. Total cure $[redacted]. |
02/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 716 | (redacted) | 33652654 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Abstract / Title Search. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Title - Abstract / Title Search. An Abstract Title Search Fee was added without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-24): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-02-21): $[redacted] cured on funder CD, additional $[redacted] cure applied with the attached. Total cure $[redacted]. |
02/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 716 | (redacted) | 33652655 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Recording Service Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Title - Recording Service Fee. A Recording Service Fee was added without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-24): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-02-21): $[redacted] cured on funder CD, additional $[redacted] cure applied with the attached. Total cure $[redacted]. |
02/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 716 | (redacted) | 33652656 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Warehousing Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Title - Recording Service Fee. A Recording Service Fee was added without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-24): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-02-21): $[redacted] cured on funder CD, additional $[redacted] cure applied with the attached. Total cure $[redacted]. |
02/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 717 | (redacted) | 33652661 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted] without a valid COC. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-17): [redacted] received Letter of Explanation, Payment History and Corrected CD. Buyer Comment (2025-03-14): Completed cure attached. |
03/17/2025 | 2 | C | B | C | B | C | B | C | B | C | B | HI | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 718 | (redacted) | 33652665 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. | Final Closing Disclosure provided on [redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section. | Buyer Comment (2025-02-14): Accept |
02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | KY | Primary | Refinance - Cash-out - Other | Good Faith Redisclosure | C | B | A | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 718 | (redacted) | 33652667 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Title - Endorsement Fee. A Title Endorsement Fee increased without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-12): [redacted] received PCCD, LOE and payment history for principal reduction of cure Buyer Comment (2025-03-10): Attached $[redacted]cure Reviewer Comment (2025-02-21): [redacted] received COC dated [redacted] for increase in loan amount and rate lock. However, the reason provided is not valid for adding Title - Endorsement fee. Please provide information as to what changed circumstance occurred (as defined under 1026.19(e)(4)(A)-(F) that resulted in an increase in closing costs or cure is required. Buyer Comment (2025-02-19): correction, [redacted] LE attached with COC letter. Reviewer Comment (2025-02-17): [redacted] Received COC dated [redacted]; however, Title - Endorsement fee added on [redacted].without valid COC. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-02-14): This fee was disclosed to the borrower with the attached COC letter. |
03/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | KY | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 718 | (redacted) | 33652668 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The refinance has decreased the borrower's monthly debt payments by [redacted]% or more. Miscellaneous |
[redacted]+ Years on job Prior Homeownership Experience (No FC or Short Sale) |
Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-10): Mitigating Factor - Potential for increased earnings |
06/10/2025 | 2 | B | B | B | B | B | KY | Primary | Refinance - Cash-out - Other | C | B | A | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 718 | (redacted) | 33652669 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The refinance has decreased the borrower's monthly debt payments by [redacted]% or more. Miscellaneous |
[redacted]+ Years on job Prior Homeownership Experience (No FC or Short Sale) |
Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-10): Mitigating Factor - Potential for increased earnings |
06/10/2025 | 2 | B | B | B | B | B | KY | Primary | Refinance - Cash-out - Other | C | B | A | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 720 | (redacted) | 33652675 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unverifiable Housing History (Guideline requires [redacted] months cancelled checks or bank statements when rents are paid to an individual). | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Residual Income greater than $[readcted]. Borrower's own funds used for down payment & closing (No gifts or DPA). Substantial cash reserves. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-30): Lender exception with compensating factors. |
01/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 720 | (redacted) | 33652676 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower 2 does not meet the minimum FICO score requirement for the program (Guideline requires at least 1 FICO score of [redacted], borrower's highest FICO score is [redacted]). | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Residual Income greater than $[readcted]. Borrower's own funds used for down payment & closing (No gifts or DPA). Substantial cash reserves. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-30): Lender exception with compensating factors. |
01/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 720 | (redacted) | 33652678 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation (Appraisal Report Date [redacted]) to applicant three (3) business days prior to consummation. | Buyer Comment (2025-02-18): * Reviewer Comment (2025-02-18): Delivery to borrower received and updated. No documentation of Borrower opening/downloading the report thus, [redacted] day mailbox rule applies which puts receipt at [redacted]. The loan closed on [redacted] and therefore the 3-day before consummation timing requirement was not met. Exception is an EV2 and can be elected to waive. Buyer Comment (2025-02-06): Evidence of [redacted] appraisal delivered to borrower via email |
02/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 720 | (redacted) | 33652679 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Final and Post-Close Closing Disclosure issued [redacted] reflects Initial escrow balance as [redacted]. Initial Escrow account Disclosure reflects Initial escrow balance as $[redacted]. | Reviewer Comment (2025-02-18): Escrow disclosure provided, exception cleared. Buyer Comment (2025-02-06): Cover letter, updated initial escrow acct disclosure and final cd uploaded |
02/18/2025 | 1 | B | A | B | A | B | A | B | A | B | A | AZ | Primary | Purchase | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 720 | (redacted) | 33652681 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Unverifiable Housing History (Guideline requires [redacted]months cancelled checks or bank statements when rents are paid to an individual) and Borrower 2 does not meet the minimum FICO score requirement for the program (Guideline requires at least 1 FICO score of [redacted], borrower's highest FICO score is [redacted]). | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous |
Residual Income greater than $[readcted]. Borrower's own funds used for down payment & closing (No gifts or DPA). Substantial cash reserves. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-30): Lender exception with compensating factors. |
01/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 721 | (redacted) | 33652682 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bankruptcy Documents not provided | File is missing bankruptcy documents to show property was surrendered as required by guidelines. | Reviewer Comment (2025-02-18): Documents received, system cleared. Buyer Comment (2025-02-05): BK paperwork uploaded |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 721 | (redacted) | 33652685 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Reviewer Comment (2025-02-28): Appraisal transfer letter provided, system cleared. Buyer Comment (2025-02-25): appraisal transfer letter uploaded Reviewer Comment (2025-02-17): Appraisal transfer letter not in file. Buyer Comment (2025-02-04): Uploaded documentation appraisal received by borrower prior to closing [redacted] viewed date |
02/28/2025 | 1 | B | A | B | A | B | A | B | A | B | A | IN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 721 | (redacted) | 33652687 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account Statement Missing | RESPA: Initial escrow account statement was not provided to the borrower. | Reviewer Comment (2025-02-17): Disclosure provided, system cleared. Buyer Comment (2025-02-04): Initial escrow acct stmt signed by borrower uploaded |
02/17/2025 | 1 | B | A | B | A | B | A | B | A | B | A | IN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 721 | (redacted) | 33652688 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 2.69 is less than Guideline PITIA months reserves of [redacted]. Cash-out was insufficient to cover reserves. | Reviewer Comment (2025-02-27): Exception Cleared - Received appraisal invoice which is paid prior to closing considered in assets as paid outside closing reserves months met. Buyer Comment (2025-02-25): Paid invoice uploaded for appraisal, reserve requirement should now be met Reviewer Comment (2025-02-17): Cash out is $[redacted] as the POC of [redacted]has been back out of proceeds. Please provide invoice and proof of payment for the appraisal. Buyer Comment (2025-02-06): consummation CD supporting $[redacted] net proceeds sufficient to satisfy reserve requirement of $[redacted] Buyer Comment (2025-02-06): 1008 supporting pitia $[redacted] [redacted] reserves required Reviewer Comment (2025-02-06): Reserve requirement is not meeting the guideline requirement, even after considering the cash proceeds. Additional asset is required to meet the reserve requirement of [redacted] months exception remains. Buyer Comment (2025-02-04): matrix dated prior to submission date with reserves allowed with cash proceeds if fico is greater than [redacted] Buyer Comment (2025-02-04): Uploaded product matrix supporting cash proceeds may be used for reserves Buyer Comment (2025-02-04): Uploaded consummation CD supporting cash proceeds sufficient to support [redacted] months reserves |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 721 | (redacted) | 33652689 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan Designation discrepancy due to insufficient reserves and housing late payments in the past [redacted]months. | Reviewer Comment (2025-02-28): Exceptions have been cleared, system cleared. Buyer Comment (2025-02-25): Paid invoice uploaded for appraisal, reserve requirement should now be met Reviewer Comment (2025-02-17): Cash out is $[redacted] as the POC of $[redacted] has been back out of proceeds. Please provide invoice and proof of payment for the appraisal. Housing late exception has been cancelled. Buyer Comment (2025-02-04): matrix at time of submission with mortgage history requirement of [redacted] Buyer Comment (2025-02-04): Uploaded product matrix at time of application supporting credit grade A mortgage history requirement of [redacted] |
02/28/2025 | 1 | B | A | C | A | B | A | C | A | B | A | IN | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 721 | (redacted) | 33652690 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failing due to insufficient reserves and housing late payments in the past [redacted]months. | Reviewer Comment (2025-02-28): Exceptions have been cleared, system cleared. Buyer Comment (2025-02-25): Paid invoice uploaded for appraisal, reserve requirement should now be met Reviewer Comment (2025-02-17): Cash out is $[redacted] as the POC of $[redacted] has been back out of proceeds. Please provide invoice and proof of payment for the appraisal. Housing late exception has been cancelled. Buyer Comment (2025-02-04): matrix supporting payment history is [redacted] |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 721 | (redacted) | 33652691 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Rural properties are ineligible per guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Total monthly payment savings of $[redacted] or more per month |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-01-29): Lender Exception with Compensating Factors. |
01/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 721 | (redacted) | 33652692 | Credit | Document Inventory | General | Missing Document | Evidence of Taxpayer Consent is Missing, and Taxpayer documentation is present. | Reviewer Comment (2025-02-17): Document provided. Buyer Comment (2025-02-05): consent to use taxpayer money disc signed with docs uploaded Buyer Comment (2025-02-05): 4506t tax request form signed with docs uploaded Reviewer Comment (2025-02-05): Final Evidence of Taxpayer Consent required. Exception remains Buyer Comment (2025-02-04): Uploaded taxpayer consent |
02/17/2025 | 1 | B | A | B | A | B | A | B | A | B | A | IN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 721 | (redacted) | 33652694 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of $[redacted]without a valid COC. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-12): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-02-11): principal reduction Buyer Comment (2025-02-11): Post consummate closing disclosure Reviewer Comment (2025-02-07): [redacted] received comments stating cure of $[redacted] provided on Final CD. However, total cure required is $[redacted] in which $[redacted]provided at closing and we would still require additional cure of $[redacted] along with cure documents. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-02-05): Please review the attached uploaded settlement statement and consummation cd supporting $[redacted]credit applied for increased closing costs. Please confirm total cure currently due is $[redacted] |
02/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IN | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 721 | (redacted) | 33652695 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Rural properties are ineligible per guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Total monthly payment savings of $[redacted] or more per month |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-01-29): Lender Exception with Compensating Factors. |
01/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 721 | (redacted) | 33652696 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to insufficient reserves and housing late payments in the past [redacted]months. | Reviewer Comment (2025-02-28): Exceptions have been cleared, system cleared. Buyer Comment (2025-02-25): Paid invoice uploaded for appraisal, reserve requirement should now be met Reviewer Comment (2025-02-17): Cash out is $[redacted] as the POC of $[redacted] has been back out of proceeds. Please provide invoice and proof of payment for the appraisal. Housing late exception has been cancelled. Buyer Comment (2025-02-04): product matrix supporting cash proceeds can be used if fico is greater than [redacted] and mortgage history is [redacted] |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 722 | (redacted) | 33652698 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. Please provide insurance document to cover the loan amount. | Reviewer Comment (2025-03-07): Exception cleared. Received revised Hazard Insurance Policy and updated correctly. Buyer Comment (2025-03-05): updated policy with dwelling $[redacted] + other structure $[redacted] + replacement cost for dwelling $[redacted] (see page 2 endorsements) |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 722 | (redacted) | 33652700 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) | [redacted]Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. | Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. | Buyer Comment (2025-02-10): accept level 2 condition |
02/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 722 | (redacted) | 33652701 | Compliance | Compliance | State Compliance | State HPML | [redacted] HPML Threshold Test Non-Compliant | [redacted]Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Loan. | APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Loan. | Buyer Comment (2025-02-10): accept grade 2 condition |
02/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 722 | (redacted) | 33652703 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $725.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $725.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-09): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2025-02-06): PC CD and cure uploaded |
02/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 722 | (redacted) | 33652704 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-09): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2025-02-06): PC CD and cure uploaded |
02/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 722 | (redacted) | 33652705 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-09): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2025-02-06): PC CD and cure uploaded |
02/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 722 | (redacted) | 33652706 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-09): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2025-02-06): PC CD and cure uploaded |
02/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 722 | (redacted) | 33652707 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted](f)([redacted]) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Loan file missing valid COC with explanation for fee change. Provide COC with explanation or provide cure with LOE and corrected CD to the borrower. | Reviewer Comment (2025-03-28): Sufficient Cure Provided within [redacted] Days of Closing |
03/28/2025 | 1 | A | A | A | A | A | MD | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 722 | (redacted) | 33652708 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted](f)([redacted]) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Loan file missing valid COC with explanation for fee change. Provide COC with explanation or provide cure with LOE and corrected CD to the borrower. | Reviewer Comment (2025-03-28): Sufficient Cure Provided within [redacted] Days of Closing |
03/28/2025 | 1 | A | A | A | A | A | MD | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 722 | (redacted) | 33652709 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted](f)([redacted]) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Loan file missing valid COC with explanation for fee change. Provide COC with explanation or provide cure with LOE and corrected CD to the borrower. | Reviewer Comment (2025-03-28): Sufficient Cure Provided within [redacted] Days of Closing |
03/28/2025 | 1 | A | A | A | A | A | MD | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 722 | (redacted) | 33652710 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted](f)([redacted]) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Loan file missing valid COC with explanation for fee change. Provide COC with explanation or provide cure with LOE and corrected CD to the borrower. | Reviewer Comment (2025-03-28): Sufficient Cure Provided within [redacted] Days of Closing |
03/28/2025 | 1 | A | A | A | A | A | MD | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 723 | (redacted) | 33652716 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Tax verification missing for [redacted] 16th Section parcel two. Hazard insurance verification missing for [redacted] and [redacted] | Reviewer Comment (2025-02-21): Tax and insurance verification provided, exception cleared. Buyer Comment (2025-02-21): Lastly, [redacted] is vacant land and therefore has no insurance policy. See attached confirmation of property type from DataVerify. Buyer Comment (2025-02-20): The attached policy covers both [redacted] and [redacted], see page 3 "SUMMARY OF LOCATIONS." Buyer Comment (2025-02-20): Tax receipts for both parcels for [redacted] attached. Buyer Comment (2025-02-20): The tax documentation provided for [redacted] is inclusive of both parts, see the attached search of county assessor site confirming no other entries. Reviewer Comment (2025-02-17): Insurance verification provided and associated for [redacted] and tax documents still missing for [redacted] parcel 2 and Insurance verification for [redacted] and [redacted]. Exception remains Buyer Comment (2025-02-14): Previous attachment appears to have been too large, attached is a truncated version including the most relevant documentation. Buyer Comment (2025-02-14): REO documentation attached. |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 723 | (redacted) | 33652717 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Tax verification missing for [redacted] 16th Section parcel two. Hazard insurance verification missing for [redacted] and [redacted] | Reviewer Comment (2025-02-21): Tax and insurance verification provided, exception cleared. Buyer Comment (2025-02-21): Please see attachments to finding [redacted]. Reviewer Comment (2025-02-17): Insurance verification provided and associated for [redacted]and tax documents still missing for [redacted] and Insurance verification for [redacted] and [redacted]. Exception remains Buyer Comment (2025-02-14): Please see attachments to finding [redacted]. |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 723 | (redacted) | 33652718 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Tax verification missing for [redacted] 16th Section parcel two. Hazard insurance verification missing for [redacted] and [redacted] | Reviewer Comment (2025-02-21): Tax and insurance verification provided, exception cleared. Buyer Comment (2025-02-14): Please see attachments to finding [redacted]. |
02/21/2025 | 1 | B | A | C | A | B | A | C | A | B | A | AR | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 723 | (redacted) | 33652719 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Tax verification missing for [redacted] 16th Section parcel two. Hazard insurance verification missing for [redacted] and [redacted] | Reviewer Comment (2025-02-21): Tax and insurance verification provided, system cleared. Buyer Comment (2025-02-14): Parcel 2 attached. |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 723 | (redacted) | 33652720 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Tax verification missing for [redacted] 16th Section parcel two. Hazard insurance verification missing for [redacted] and [redacted] | Reviewer Comment (2025-02-21): Tax and insurance verification provided, exception cleared. Buyer Comment (2025-02-14): Please see attachments to finding [redacted]. |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 724 | (redacted) | 33652724 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. | Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. | Buyer Comment (2025-02-07): Accept grade [redacted] exception |
02/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 725 | (redacted) | 33652731 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | $[redacted] violation due to increase in Title - Notary Fees. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-26): [redacted] Received Corrected PCCD and LOE. Buyer Comment (2025-02-25): pccd with cover letter Buyer Comment (2025-02-25): principal reduction |
02/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 725 | (redacted) | 33652732 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Examination Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Title - Exam Fee disclosed as $[redacted]on LE dated [redacted], but disclosed as $[redacted]on Final Closing Disclosure. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-26): [redacted]Received Corrected PCCD and LOE. Buyer Comment (2025-02-25): pccd with cover letter Buyer Comment (2025-02-25): principal reduction |
02/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 726 | (redacted) | 33652737 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | Verification(s) of Employment [redacted]) for Borrower [redacted] is not within [redacted] business days of the Note. VVOE in file for [redacted] is for the incorrect employer. | Reviewer Comment (2025-02-07): Exception Cleared - Received VVOE within [redacted] days of note date for borrower [redacted] for employer [redacted] Buyer Comment (2025-02-06): VVOE with [redacted] dated w/in [redacted]days of Note uploaded |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 726 | (redacted) | 33652738 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | Verification(s) of Employment ([redacted] for Borrower [redacted] is not within [redacted] business days of the Note. VVOE in file for [redacted] is for the incorrect employer. | Reviewer Comment (2025-02-07): Exception Cleared - Received VVOE within [redacted] days of note date for borrower[redacted] for employer [redacted] Buyer Comment (2025-02-06): VVOE with [redacted] dated w/in [redacted] days of Note uploaded |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 726 | (redacted) | 33652739 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Verification(s) of Employment ([redacted]) for Borrower [redacted] is not within [redacted] business days of the Note. VVOE in file for [redacted] is for the incorrect employer. | Reviewer Comment (2025-02-07): Exception Cleared - Received VVOE within [redacted] days of note date for borrower[redacted] for employer [redacted] Buyer Comment (2025-02-06): VVOE with [redacted] dated w/in [redacted]days of Note uploaded |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 726 | (redacted) | 33652740 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay ([redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Verification(s) of Employment ([redacted] for Borrower [redacted] is not within [redacted] business days of the Note. VVOE in file for [redacted] is for the incorrect employer. | Reviewer Comment (2025-02-07): Exception Cleared - Received VVOE within [redacted] days of note date for borrower [redacted] for employer [redacted] Buyer Comment (2025-02-06): VVOE with [redacted] dated w/in [redacted]days of Note uploaded |
02/07/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 726 | (redacted) | 33652741 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - W-2 | Ability to Repay ([redacted]): Unable to verify current Wages/W-2 employment status using reasonably reliable [redacted] -party records. | Verification(s) of Employment ([redacted]) for Borrower [redacted] is not within [redacted] business days of the Note. VVOE in file for [redacted] is for the incorrect employer. | Reviewer Comment (2025-02-07): Exception Cleared - Received VVOE within [redacted] days of note date for borrower [redacted] for employer [redacted] Buyer Comment (2025-02-06): VVOE with [redacted] dated w/in [redacted] days of Note uploaded |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 726 | (redacted) | 33652742 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - W-2 | Ability to Repay (Dodd-Frank [redacted]): Unable to verify current Wages/W-2 employment status using reasonably reliable [redacted]-party records. | Verification(s) of Employment [redacted]) for Borrower [redacted] is not within [redacted] business days of the Note. VVOE in file for [redacted] is for the incorrect employer. | Reviewer Comment (2025-02-07): Exception Cleared - Received VVOE within [redacted] days of note date for borrower [redacted] for employer [redacted] Buyer Comment (2025-02-06): VVOE with [redacted] dated w/in [redacted] days of Note uploaded |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 726 | (redacted) | 33652743 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Verification(s) of Employment ([redacted]) for Borrower [redacted] is not within [redacted] business days of the Note. VVOE in file for [redacted] is for the incorrect employer. | Reviewer Comment (2025-02-07): Exception Cleared - Received VVOE within [redacted] days of note date for borrower [redacted] for employer [redacted] Buyer Comment (2025-02-06): VVOE with [redacted] dated w/in [redacted]days of Note uploaded |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 726 | (redacted) | 33652744 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied. | Verification(s) of Employment [redacted] for Borrower [redacted] is not within [redacted] business days of the Note. VVOE in file for [redacted]is for the incorrect employer. | Reviewer Comment (2025-02-07): Exception Cleared - Received VVOE within [redacted] days of note date for borrower [redacted] for employer [redacted] |
02/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 726 | (redacted) | 33652745 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Verification(s) of Employment ([redacted]) for Borrower [redacted] is not within [redacted] business days of the Note. VVOE in file for [redacted]is for the incorrect employer. | Reviewer Comment (2025-02-07): Exception Cleared - Received VVOE within [redacted] days of note date for borrower [redacted] for employer [redacted] Buyer Comment (2025-02-06): VVOE with [redacted] dated w/in [redacted]days of Note uploaded |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 727 | (redacted) | 33652747 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | The subject property is located in a FEMA disaster that does not have a declared end date. | Reviewer Comment (2025-02-18): PDI report provided with effective date after disaster declaration date with no damages reported from disaster. Buyer Comment (2025-02-13): Attached. |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 727 | (redacted) | 33652749 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]without a valid COC. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-04): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-03-04): Completed cure attached. Reviewer Comment (2025-02-14): [redacted] received COC dated [redacted] which is already available in file, but the reason provided on COC is not valid as receipt of invoice is not valid reason for increase in fee. Please provide information as to what changed circumstance occurred (as defined under [redacted] that resulted in an increase in closing costs or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-02-13): The change in circumstances was disclosed to the borrower on the CD dated [redacted] |
03/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 728 | (redacted) | 33652755 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank [redacted]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Valuation based on effective date of appraisal. Appraisal furnished to borrower electronically. | Buyer Comment (2025-02-07): accept grade [redacted] |
02/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 729 | (redacted) | 33652757 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Reviewer Comment (2025-01-31): PDI report effective date is dated after disaster declaration and with no damages reported from storm. |
01/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 729 | (redacted) | 33652761 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Recording Fee increased to $[redacted] without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-26): [redacted] Received Corrected PCCD, LOE and Payment History. Buyer Comment (2025-02-25): pccd with cover letter uploaded Buyer Comment (2025-02-25): principal reduction |
02/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 729 | (redacted) | 33652762 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Representative FICO score of [redacted] is less than Guideline representative FICO score of [redacted]. (Lender exception in file on Approval with compensating factors) ****UPDATE [redacted] - Score of [redacted]required for Alt Doc income types, borrower FICO only [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous Miscellaneous |
Prior homeownership Experience (No FC or SS) Residual income greater than $[redacted] |
SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-03-17): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Representative FICO score of [redacted]is less than Guideline representative FICO score of [redacted]. Reviewer Comment (2025-03-17): Lender Exception with Compensating Factors provided. Reviewer Comment (2025-03-17): . Reviewer Comment (2025-01-31): Lender Exception with Compensating Factors. |
03/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 730 | (redacted) | 33652766 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] . Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-26): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-02-25): pccd with cover letter uploaded Buyer Comment (2025-02-25): principal reduction Reviewer Comment (2025-02-11): [redacted], Yes, In order to cure this exception, kindly provide Cure docs for $[redacted]. Cure Docs Consists of PCCD, LOE, Refund Check. Buyer Comment (2025-02-10): $[redacted] credit report fee is the original credit report dated [redacted] please review and clarify if cure should be $[redacted]for soft pull ordered [redacted] |
02/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Home Improvement | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 730 | (redacted) | 33652767 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted] ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The loan file is missing a verification of the business used for income qualification within [redacted] business days of closing. | Reviewer Comment (2025-02-10): Third Party document received within [redacted] of closing .Exception cleared Buyer Comment (2025-02-07): VVOE dated within [redacted] days of closing uploaded |
02/10/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Home Improvement | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 730 | (redacted) | 33652768 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The loan file is missing a verification of the business used for income qualification within [redacted] business days of closing. | Reviewer Comment (2025-02-10): Third Party document received within [redacted] of closing .Exception cleared Buyer Comment (2025-02-07): VVOE dated within [redacted] days of closing uploaded |
02/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 730 | (redacted) | 33652769 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The loan file is missing a verification of the business used for income qualification within [redacted] business days of closing. | Reviewer Comment (2025-02-10): Third Party document received within [redacted] of closing .Exception cleared Buyer Comment (2025-02-07): VVOE dated within [redacted] days of closing uploaded |
02/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 730 | (redacted) | 33652770 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The loan file is missing a verification of the business used for income qualification within [redacted] business days of closing. | Reviewer Comment (2025-02-10): Third Party document received within [redacted] of closing .Exception cleared Buyer Comment (2025-02-07): VVOE dated within [redacted] days of closing uploaded |
02/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 731 | (redacted) | 33652774 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Subject property is marked rural which is ineligible per guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
[redacted]+ years on job. Residual income > $[readcted] Low housing ratio of [redacted]% or less. Substantial cash reserves. Prior homeownership experience (No FC or Short Sale). |
SitusAMC,Originator Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-01-29): Lender exception with compensating factors. |
01/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 731 | (redacted) | 33652775 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted] ): Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. | Buyer Comment (2025-02-18): * Reviewer Comment (2025-02-18): HPML requires final appraisal report to be provided three business days prior to consummation date. Exception is a EV2 grade. Buyer Comment (2025-02-05): initial appraisal report and evidence of both the initial and final appraisal report delivery uploaded |
02/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 731 | (redacted) | 33652776 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-02-18): Documents received, system cleared. Buyer Comment (2025-02-05): initial appraisal report and evidence of both the initial and final appraisal report delivery uploaded |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 731 | (redacted) | 33652777 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. | Reviewer Comment (2025-02-18): Documents received, system cleared. Buyer Comment (2025-02-05): initial appraisal report and evidence of both the initial and final appraisal report delivery uploaded |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 731 | (redacted) | 33652779 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of revised valuation to applicant [redacted] ([redacted] ) business days prior to consummation. | Buyer Comment (2025-02-18): accept Reviewer Comment (2025-02-18): HPML requires final appraisal report to be provided [redacted] business days prior to consummation date. Exception is a EV2 grade. |
02/18/2025 | 2 | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 732 | (redacted) | 33652783 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) Texas Cash-out Loan (The lender/Assignee cannot conclusively rely on the Value reflected on the Acknowledgement of Fair Market Value as it does not match the appraised value) | [redacted] The lender/Assignee cannot conclusively rely on the Value on Acknowledgement of Fair Market Value as it does not match the appraised value. | The appraised value is $[redacted]. The Lender used the original listing price of $[redacted]. The Fair Market Value is the original listing price. | Reviewer Comment (2025-02-21): Disclosure provided. Buyer Comment (2025-02-19): Please see Lender Acknowledgment Fair Market Value showing a correction on the appraisal report amount |
02/21/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | B | A | A | A | B | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 733 | (redacted) | 33652785 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Minimum FICO for investment property cash-out refinance with LTV <[redacted]% and loan amount <$[redacted]is [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous |
Residual income greater than $[redacted] | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-02-12): Lender Exception with Compensating Factors. |
02/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Investment | Refinance - Cash-out - Debt Consolidation | B | B | B | B | A | A | A | A | Non QM | N/A | No | |||||||
| (redacted) | 733 | (redacted) | 33652786 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Modification Seasoning (Guideline requires [redacted] mo. Seasoning we have [redacted]mo.) | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous |
Residual income greater than $[redacted] | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. |
06/10/2025 | 2 | B | B | B | B | B | NV | Investment | Refinance - Cash-out - Debt Consolidation | B | B | B | B | A | A | A | A | Non QM | N/A | No | |||||||||||||
| (redacted) | 734 | (redacted) | 33652788 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The credit report fee was disclosed on initial Loan estimate as $[redacted]. The final signed and dated Closing Disclosure reflects the credit report fee as $[redacted]. The loan file did not contain a changed circumstance for the increase of the credit report fee or a tolerance cure. | Reviewer Comment (2025-02-26): [redacted] received PCCD, Letter of Explanation and Payment history for the evidence of Principal Reduction resulting in a cured the exception. Buyer Comment (2025-02-24): please see additional docs attached Buyer Comment (2025-02-24): Please see PCCD & Pymt History showing a cure for $[redacted] |
02/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 736 | (redacted) | 33652792 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Seasoning not met. [redacted] months seasoning required, while borrower has owned property for only [redacted]months. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous |
Low default risk with equity, LTV [redacted]% lower than matrix Prior Homeownership Experience (No FC or Short Sale) |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factor. Reviewer Comment (2025-06-10): Lender Exception provided. Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. Reviewer Comment (2025-02-12): Original purchase price used to determine LTV. |
06/10/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 737 | (redacted) | 33652795 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-06): Sufficient Cure Provided At Closing |
02/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 737 | (redacted) | 33652796 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-06): Sufficient Cure Provided At Closing |
02/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 737 | (redacted) | 33652798 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted](EMD funds of $[redacted]are not sourced) | Reviewer Comment (2025-02-27): Earnest Money Deposit $[redacted] verified in source of fund document. - Exception Cleared. Buyer Comment (2025-02-26): Bank statement reflecting $[redacted]EMD sourced and cleared. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 737 | (redacted) | 33652799 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted](EMD funds of $[redacted]are not sourced) | Reviewer Comment (2025-03-04): Evidence of EMD clearing provided. Exception cleared. Buyer Comment (2025-02-26): Bank statement reflecting $[redacted]EMD sourced and cleared. |
03/04/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 737 | (redacted) | 33652800 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted](EMD funds of $[redacted]are not sourced) | Reviewer Comment (2025-03-04): Evidence of EMD clearing provided. Exception cleared. Buyer Comment (2025-02-26): Bank statement reflecting $[redacted]EMD sourced and cleared. |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 737 | (redacted) | 33652801 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of [redacted](EMD funds of $[redacted]are not sourced) | Reviewer Comment (2025-02-27): Earnest Money Deposit $[redacted]verified in source of fund document. - Exception Cleared. Buyer Comment (2025-02-26): Bank statement reflecting $[redacted]EMD sourced and cleared. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 737 | (redacted) | 33652802 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted](EMD funds of $[redacted]are not sourced) | Reviewer Comment (2025-02-27): Earnest Money Deposit $[redacted]verified in source of fund document. - Exception Cleared. Buyer Comment (2025-02-26): Bank statement reflecting $[redacted]EMD sourced and cleared. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 739 | (redacted) | 33652811 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Fee changed without a valid CofC. CofC at a minimum should include the original estimate of the cost, the specific reason for the revision and how it impacted the specific fee(s) that increased, revised amount, and the date of the changed circumstance. | Reviewer Comment (2025-02-19): [redacted] received COC dated [redacted] and rate lock for relock. Buyer Comment (2025-02-18): Please see CD dated [redacted]. COC, proof of delivery. rate lock confirmation attached. discount point was increased due to a rate lock/relock/lock extension. |
02/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 740 | (redacted) | 33652815 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrowers' letter of explanation notes reason for purchase is "good rating of elementary school which allows my child to have a good school"; however, the 1003 indicates no dependents. This affects required residual income. Provide corrected 1003. | Reviewer Comment (2025-03-05): Updated 1003 provided, exception cleared. Buyer Comment (2025-03-03): Correction attached. |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 741 | (redacted) | 33652818 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. | Reviewer Comment (2025-02-27): Delivery provided, system cleared. Buyer Comment (2025-02-24): Please see proof of appraisal been sent to bwr by [redacted]. see attached email[redacted] page at the bottom shows that they send the appraisal report on [redacted] |
02/27/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 741 | (redacted) | 33652819 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted]Percent Fee Tolerance exceeded for Credit Report Fee. The Credit Report Fee increased without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-26): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2025-02-24): Please see PCCD and pymt history attached showing a cure for $[redacted] |
02/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 744 | (redacted) | 33652827 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Loan file missing verification of start date for both borrower's employment. | Reviewer Comment (2025-02-21): Exception cleared - The VVOE received for both the borrower with start date of the employment and update [redacted]. Buyer Comment (2025-02-19): Please see VOE from [redacted] bwr attached. These documents were included in the original binder. For bwr # [redacted] start date was [redacted] |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 744 | (redacted) | 33652828 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan file missing verification of start date for both borrower's employment. | Reviewer Comment (2025-02-21): Exception cleared - The VVOE received for both the borrower with start date of the employment and update [redacted]. Buyer Comment (2025-02-19): Please see VOE from both bwr attached. These documents were included in the original binder. For bwr # [redacted]start date was [redacted] |
02/21/2025 | 1 | B | A | C | A | B | A | C | A | B | A | UT | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 744 | (redacted) | 33652829 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Loan file missing verification of start date for both borrower's employment. | Reviewer Comment (2025-02-21): Exception cleared - The VVOE received for both the borrower with start date of the employment and update [redacted]. Buyer Comment (2025-02-19): Please see VOE from both bwr attached. These documents were included in the original binder. For bwr # [redacted] start date was [redacted] |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 744 | (redacted) | 33652830 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan file missing verification of start date for both borrower's employment. | Reviewer Comment (2025-02-21): Exception cleared - The VVOE received for both the borrower with start date of the employment and update [redacted]. Buyer Comment (2025-02-19): Please see VOE from both bwr attached. These documents were included in the original binder. For bwr # [redacted]start date was [redacted] |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 745 | (redacted) | 33652834 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | The maximum LTV for an alternative doc, cash-out refinance on a Primary with a [redacted] score is [redacted]%. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. Miscellaneous Borrower has a clean housing payment history |
Lender Exception with Compensating Factors provided. Housing Ratio [redacted]% or less. Prior Homeownership Experience (No FC or SS). |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-02-12): Lender Exception with Compensating Factors provided. |
02/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 745 | (redacted) | 33652835 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide updated 1003 and 1008 without HOA fees, or provide evidence of required HOA payments. | Reviewer Comment (2025-03-24): Updated 1003 application provided Buyer Comment (2025-03-21): Concur there are no documented HOA payments, updated docs attached. |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 745 | (redacted) | 33652836 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | COC in file, however there is no indication as to the fees that changed and why each one changed was not provided. | Reviewer Comment (2025-03-24): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-03-21): Cure already complete, see attached. |
03/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 745 | (redacted) | 33652837 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted] | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-03-24): Sufficient Cure Provided within [redacted]Days of Closing |
03/24/2025 | 1 | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 747 | (redacted) | 33652841 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Initial Loan Estimate does not contain the Credit Report Re-issue fee. The Closing Disclosure issued on [redacted] reflects the fee in the amount of $[redacted]. The loan file does not contain the changed circumstance regarding the fee. The final signed and dated Closing Disclosure does not contain a tolerance cure. | Reviewer Comment (2025-02-26): [redacted] received PCCD, Letter of Explanation and Payment history for the evidence of Principal Reduction resulting in a cured the exception. Buyer Comment (2025-02-24): Please see PCCD & Pymt History attached showing a cure for $[redacted] due to increase in credit report fee |
02/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 749 | (redacted) | 33652851 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The debt listed on the credit report were higher ($[redacted]total per month) and the Bank Statement income for November [redacted] is lower than what was used in calculation. | Reviewer Comment (2025-02-28): Accounts updated paid at closing, system cleared. Buyer Comment (2025-02-25): [redacted] is including two [redacted] debts in monthly payments which were paid off at closing. Consummation CD includes five [redacted] debts paid off. If [redacted]does not agree these debts were paid off, please specify the page number and/or date of the document utilized to confirm these debt balances. Buyer Comment (2025-02-25): Please disregard prior, now seeing that credit debt applied does actually exclude duplications despite what [redacted] shows. However, [redacted]is including two [redacted] debts in monthly payments which were paid off at closing. Consummation CD includes five [redacted] debts paid off. Buyer Comment (2025-02-25): Please see attached. Duplicated debts are highlighted. Without duplicate debts, total monthly payments are $[redacted]. Reviewer Comment (2025-02-24): Exception Remains - As per credit report debts are not considered twice for [redacted] [redacted] for $[redacted]and Safe Home Security for $[redacted]and also these debts are not less than [redacted] payments. Provide the evidence if these debts are getting paid off. Buyer Comment (2025-02-21): Per Loan Asset Summary Report, [redacted]is counting several debts twice including [redacted] Consumer [redacted] for $[redacted], [redacted]. Additionally, Affirm for $[redacted]is counted twice and should be entirely excluded, as it has fewer than [redacted] payments remaining. Please review liabilities again and update exceptions accordingly. |
02/28/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 749 | (redacted) | 33652853 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | The debt listed on the credit report were higher ($[redacted]total per month) and the Bank Statement income for [redacted] is lower than what was used in calculation. | Reviewer Comment (2025-02-28): Accounts updated paid at closing, system cleared. Reviewer Comment (2025-02-24): Exception Remains - As per credit report debts are not considered twice for [redacted] for $[redacted]and [redacted] and also these debts are not less than [redacted] payments. Provide the evidence if these debts are getting paid off. Buyer Comment (2025-02-21): Per Loan Asset Summary Report, [redacted]is counting several debts twice including[redacted], Safe Home Security for $[redacted]. Additionally, Affirm for $[redacted]is counted twice and should be entirely excluded, as it has fewer than [redacted] payments remaining. Please review liabilities again and update exceptions accordingly. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 749 | (redacted) | 33652854 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | The debt listed on the credit report were higher ($[redacted]total per month) and the Bank Statement income for [redacted] is lower than what was used in calculation. | Reviewer Comment (2025-02-28): Accounts paid at closing, exception cleared. Reviewer Comment (2025-02-24): Exception Remains - As per credit report debts are not considered [redacted] for [redacted] and also these debts are not less than [redacted]payments. Provide the evidence if these debts are getting paid off. Buyer Comment (2025-02-21): Per Loan Asset Summary Report, [redacted]is counting several debts twice including [redacted] Additionally, Affirm for $[redacted]is counted twice and should be entirely excluded, as it has fewer than [redacted] payments remaining. Please review liabilities again and update exceptions accordingly. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 749 | (redacted) | 33652855 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | .The debt listed on the credit report were higher ($[redacted]total per month) and the Bank Statement income for [redacted] is lower than what was used in calculation. | Reviewer Comment (2025-02-28): Accounts updated paid at closing, system cleared. Reviewer Comment (2025-02-24): Exception Remains - As per credit report debts are not considered twice for[redacted] and also these debts are not less than [redacted] payments. Provide the evidence if these debts are getting paid off. Buyer Comment (2025-02-21): Per Loan Asset Summary Report, [redacted] is counting several debts twice including [redacted] Additionally, Affirm for $[redacted] is counted [redacted] and should be entirely excluded, as it has fewer than [redacted] payments remaining. Please review liabilities again and update exceptions accordingly. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 749 | (redacted) | 33652856 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | The debt listed on the credit report were higher ($[redacted]total per month) and the Bank Statement income for [redacted] is lower than what was used in calculation. | Reviewer Comment (2025-02-28): Paid accounts at closing updated, exception cleared. Reviewer Comment (2025-02-24): Exception Remains - As per credit report debts are not considered [redacted]for [redacted] and also these debts are not less than [redacted] payments. Provide the evidence if these debts are getting paid off. Buyer Comment (2025-02-21): Per Loan Asset Summary Report, [redacted] is counting several debts twice including [redacted]. Additionally, Affirm for $[redacted]is counted twice and should be entirely excluded, as it has fewer than [redacted]payments remaining. Please review liabilities again and update exceptions accordingly. |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 751 | (redacted) | 33652863 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. The Credit Report Fee increased without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-20): [redacted] received PCCD, Letter of Explanation and Payment history for the evidence of Principal Reduction resulting in a cured the exception. Buyer Comment (2025-02-18): Please see PCCD and proof of cure for the amount of $[redacted]attached. these pages were originally submitted on the initial binder. |
02/20/2025 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 751 | (redacted) | 33652864 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted] | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-02-20): Sufficient Cure Provided within [redacted] Days of Closing |
02/20/2025 | 1 | A | A | A | A | A | VA | Primary | Refinance - Cash-out - Debt Consolidation | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 752 | (redacted) | 33652868 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Notice of Right to Cancel Missing | Truth in Lending Act: Notice of Right to Cancel was not provided. | The signed and dated Notice of Right to Cancel is missing from the loan file. | Reviewer Comment (2025-02-20): Right to Cancel document received and information updated. Exception Cleared. Buyer Comment (2025-02-19): Please see Notice of Right to Cancel attached. |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 752 | (redacted) | 33652869 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The subject property is marked as rural. The Guidelines do not allow properties identified as Rural. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous |
Residual income > $[readcted] Low default risk with substantial equity, LTV [redacted]% lower than matrix. Qualifying ratios of [redacted] or less. Prior homeownership experience (No FC or Short Sale). |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-02-12): Lender exception with compensating factors. |
02/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 752 | (redacted) | 33652870 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | The Loan Estimate reflects [redacted] Percent fee in the amount of $[redacted]. The final signed and dated Closing Disclosure reflects $[redacted]. The loan file does not contain evidence of a changed circumstance regarding the increase of the fees. | Reviewer Comment (2025-03-25): [redacted] Received Letter of Explanation, Payment History and Corrected CD Buyer Comment (2025-03-24): Please see PCCD and pymt history showing a new cure for $[redacted]due to increase in settlement charges. Reviewer Comment (2025-03-11): The addition of the Title - Attorney Fee and the Title - Title search fee are noted on a [redacted]. The reason for the addition of the fees is noted as borrower requested, but more information on why the borrower would request additional fees is required. If the fees were added due to verified changed circumstance that was not known or knowable at the time of origination then the [redacted] would be valid, and the [redacted] % exception would be removed. If the reasons are not valid, the cure would be required. Buyer Comment (2025-03-07): Could you please escalate this exception to your Team lead? to make sure what is needed to resolve this discrepancy? you have asked me to move all the settlement charges to section B since the Service Provider List shows [redacted] as prefer company, but [redacted] title is a parent company of [redacted] and so far, I know [redacted] charges has to stay on section B. The only settlement charges that may need to be move is Attorney fee that was paid to [redacted] and Closing protection letter that was paid to [redacted] but even those two fees need to be on section B. Please I need to resolve this discrepancy ASAP. Thank you Reviewer Comment (2025-03-05): [redacted] received rebuttal. Title fees were disclosed in Section B which are tested at [redacted]% tolerance. Provider listed on [redacted] is [redacted]. Fees on CD were paid to [redacted] and[redacted] Title Insurance company and [redacted]. Appears borrower shopped for title fees. Corrected CD moving the title fees to Section C and LOE to borrower required to cure. Buyer Comment (2025-03-04): There is something else that we may need to add to this discrepancy. by looking the initial LE the total settlement charges were $[redacted]plus recording fees for $[redacted]= $[redacted]plus [redacted]% allowable permitted = $[redacted]vs the final Settlement charges reflected on final CD for $[redacted]which is lees what is allowable. Buyer Comment (2025-03-04): Could you please kindly escalate this file to your[redacted] or to [redacted]? The settlement charges were increase due to the file was approved for an UW exception for being a Rural Property. Please see preliminary [redacted] , Loan Approval and UW's approval. Reviewer Comment (2025-03-03): [redacted] received LOS snip for UW exception. However, the [redacted]% exception is for increase in Title fee due to adding [redacted] fee and Title - Attorney Review fee on CD dated [redacted] for which provided details are not valid as title fees are unaffected by change in DTI and UW exceptions. Please provide information as to what changed circumstance occurred (as defined under [redacted] that resulted in an increase in closing costs or cure is required. Cure requirements include LOE, corrected CD, proof of mailing and copy of refund check. Buyer Comment (2025-02-28): Please see attached rate lock attached along with a valid COC, proof of delivery and CD dated [redacted] Increase in settlement charges were caused by file approved for a UW exception, Reviewer Comment (2025-02-20): [redacted] received Changed Circumstance dated [redacted], but it does not give sufficient information on why the title fee was increased. In order to determine if the changed circumstance is valid more information is necessary on reason title fee increased and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-02-19): Please see CD dated [redacted] which is showing the increase in the settlement charges also a valid COC, proof of delivery and finally reason for the changes. file was submitted for an exception approval for a rural property. changes on the settlement charges were valid. |
03/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 752 | (redacted) | 33652871 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The Third Party Verification conducted within [redacted] business day of Note is missing from the loan file and verification that the business used for income qualification has been in existence for [redacted]years. | Reviewer Comment (2025-02-20): Verbal Verification of Employment and Letter of Explanation document received in file. Same has been associated. Exception Cleared. Buyer Comment (2025-02-19): Please see complete documents Buyer Comment (2025-02-19): Please see VVOE, VOE, proof of existence of the business for last [redacted] yrs attached. The VVOE between [redacted] days of closing was done by our LP who vrf employment thru the [redacted] and also the Letter from CPA stated that business is been stablish for the last [redacted]yrs. |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 752 | (redacted) | 33652872 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The [redacted] Party Verification conducted within [redacted] business day of Note is missing from the loan file and verification that the business used for income qualification has been in existence for [redacted] years. | Reviewer Comment (2025-02-20): Verbal Verification of Employment and Letter of Explanation document received in file. Same has been associated. Exception Cleared. Buyer Comment (2025-02-19): Please see complete documents Buyer Comment (2025-02-19): Please see VVOE, VOE, proof of existence of the business for last two yrs attached. The VVOE between [redacted] days of closing was done by our LP who vrf employment thru the [redacted] and also the Letter from CPA stated that business is been stablish for the last [redacted]yrs. |
02/20/2025 | 1 | B | A | C | A | B | A | C | A | B | A | GA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 752 | (redacted) | 33652873 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The [redacted] Party Verification conducted within [redacted] business day of Note is missing from the loan file and verification that the business used for income qualification has been in existence for [redacted] years. | Reviewer Comment (2025-02-20): Verbal Verification of Employment and Letter of Explanation document received in file. Same has been associated. Exception Cleared. Buyer Comment (2025-02-19): Please see complete documents Buyer Comment (2025-02-19): Please see VVOE, VOE, proof of existence of the business for last two yrs attached. The VVOE between [redacted] days of closing was done by our LP who vrf employment thru the [redacted] and also the Letter from CPA stated that business is been stablish for the last [redacted]yrs. |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 752 | (redacted) | 33652874 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The Third Party Verification conducted within [redacted] business day of Note is missing from the loan file and verification that the business used for income qualification has been in existence for [redacted] years. | Reviewer Comment (2025-02-20): Verbal Verification of Employment and Letter of Explanation document received in file. Same has been associated. Exception Cleared. Buyer Comment (2025-02-19): Please see complete documents Buyer Comment (2025-02-19): Please see VVOE, VOE, proof of existence of the business for last [redacted] yrs attached. The VVOE between [redacted] days of closing was done by our LP who vrf employment thru the [redacted]and also the Letter from CPA stated that business is been stablish for the last [redacted]yrs. |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 752 | (redacted) | 33652875 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The Third Party Verification conducted within [redacted] business day of Note is missing from the loan file and verification that the business used for income qualification has been in existence for [redacted]years. | Reviewer Comment (2025-02-20): Verbal Verification of Employment and Letter of Explanation document received in file. Same has been associated. Exception Cleared. Buyer Comment (2025-02-19): Please see VVOE, VOE, proof of existence of the business for last [redacted] yrs attached. The VVOE between [redacted] days of closing was done by our LP who vrf employment thru the [redacted]and also the Letter from CPA stated that business is been stablish for the last [redacted]yrs. |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 752 | (redacted) | 33652876 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Abstract / Title Search. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted]Percent Fee Tolerance exceeded for Title - Abstract / Title Search. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-13): [redacted] received PCCD, LOE and payment history for principal reduction of cure Buyer Comment (2025-03-12): Please see PCCD & pymt history showing a cure for $[redacted] due to increase in title abstract |
03/13/2025 | 2 | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 754 | (redacted) | 33652880 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | A Tolerance Cure was listed on the final signed and dated Closing Disclosure in the amount of $[redacted]. | Reviewer Comment (2025-02-24): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-02-21): Please see Final CD attached which is reflecting a lender credit for $[redacted]see page # [redacted] under section J. |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 754 | (redacted) | 33652881 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Loan Estimate reflects the Transfer Tax as $[redacted]and the Final signed and dated Closing Disclosure reflects the Transfer Tax as $[redacted] and a new State Tax Stamp fee of $[redacted]. The loan file does not contain evidence of the fee revision for the increase of $[redacted]. | Reviewer Comment (2025-03-07): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2025-03-06): Please see PCCD & Pymt History attached showing a cure for the amount of $[redacted]due to increase in transfer fee. |
03/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 754 | (redacted) | 33652884 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Evidence the Borrower may use Business funds for loan transaction without consequence to Business operations is missing from the loan file. | Reviewer Comment (2025-03-04): Received evidence from CPA borrower is [redacted]% owner of the business, Exception cleared. Buyer Comment (2025-03-03): Please see letter from CPA showing no impact for using funds from business |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 754 | (redacted) | 33652885 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Evidence the Borrower may use Business funds for loan transaction without consequence to Business operations is missing from the loan file. | Reviewer Comment (2025-03-04): Received evidence from CPA borrower is [redacted] % owner of the business, Exception cleared. Buyer Comment (2025-03-03): Please see letter from CPA showing no impact for using funds from business |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 755 | (redacted) | 33652887 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank [redacted]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Buyer Comment (2025-02-21): accept grade [redacted] exception |
02/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 756 | (redacted) | 33652894 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Pay History not provided | The Landlord is a Private Individual. The Guidelines require [redacted] months of cancelled checks for a verification of rental history payments. The [redacted] months of rent checks were not located within the loan file. | Reviewer Comment (2025-03-05): VOR provided with LOE, exception cleared. Reviewer Comment (2025-02-24): [redacted] months cancelled checks or bank statements are required if borrower is making mortgage payments to an individual or an interested party. Exception remains Buyer Comment (2025-02-21): Cancelled checks not required since buyer is not renting from family or an interested party; see credit supplement rating, lease and loe confirming no relation to landlord. |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 758 | (redacted) | 33652902 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception request for [redacted]. Guidelines only allow [redacted]s in the last [redacted]months and bank statement programs. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. |
SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-14): Lender Exception with Compensating Factors. |
02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NE | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 758 | (redacted) | 33652903 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Reinspection Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-14): Sufficient Cure Provided At Closing |
02/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NE | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 759 | (redacted) | 33652904 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Calculated loan to value percentage of [redacted]% exceeds the acceptable loan to value percentage of [redacted]%. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly mortgage payment has decreased by at least [redacted]%. Miscellaneous Miscellaneous |
Residual income > $[readcted] Prior homeownership experience (No FC or Short Sale). Low housing ratio of [redacted]% or less. |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-02-14): Lender exception with compensating factors. |
02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Refinance - Limited Cash-out GSE | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 759 | (redacted) | 33652905 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated PITIA months reserves of [redacted]is less than required PITIA months reserves of [redacted]. Lender Exception in file for the same. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly mortgage payment has decreased by at least [redacted]%. Miscellaneous Miscellaneous |
Residual income > $[readcted] Prior homeownership experience (No FC or Short Sale). Low housing ratio of [redacted]% or less. |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-02-14): Lender exception with compensating factors. |
02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Refinance - Limited Cash-out GSE | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 759 | (redacted) | 33652908 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | ATR failure due to LTV and reserves requirement not met. | Reviewer Comment (2025-02-14): Lender exception with compensating factors, system cleared. |
02/14/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CO | Primary | Refinance - Limited Cash-out GSE | Lender to provide updated ATR/QM Loan Designation | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 759 | (redacted) | 33652909 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to LTV and reserves requirement not met. | Reviewer Comment (2025-02-14): Lender exception with compensating factors, system cleared. |
02/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Limited Cash-out GSE | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 759 | (redacted) | 33652911 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. | Buyer Comment (2025-02-21): Accepted |
02/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Refinance - Limited Cash-out GSE | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 759 | (redacted) | 33652912 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] ([redacted]) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. | Reviewer Comment (2025-02-21): [redacted] received[redacted] business days prior to consummation. Buyer Comment (2025-02-20): Please see initial and final CD attached. Initial CD was signed by our borrower on [redacted] and the Consummation CD was signed until [redacted] which is [redacted]business days after signed the Initial CD. |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Limited Cash-out GSE | No Defined Cure | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 759 | (redacted) | 33652913 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Calculated LTV of [redacted]% exceeds allowable guideline LTV of [redacted]%. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly mortgage payment has decreased by at least [redacted]%. Miscellaneous Miscellaneous |
Residual income > $[readcted] Prior homeownership experience (No FC or Short Sale). Low housing ratio of [redacted]% or less. |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-02-14): Lender exception with compensating factors. |
02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Refinance - Limited Cash-out GSE | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 759 | (redacted) | 33652914 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. The Appraisal Fee increased without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-13): [redacted] received Letter of Explanation, Payment History and Corrected CD. Buyer Comment (2025-03-12): Please see attached PCCD and pymt history showing a cure for $[redacted]due to increase in appraisal fee and [redacted]appraisal fee. also see that PCCD shows a lender credit for $[redacted]that along with the cure for $[redacted]+ lender credit $[redacted]= $[redacted]. Initial LE shows as appraisal fee for $[redacted]and [redacted]appraisal for $[redacted]vs final Cd which shows $[redacted]as appraisal fee increase was $[redacted]cure required and for [redacted]appraisal from $[redacted]to $[redacted]increase for $[redacted]total increase for both fees $[redacted]. |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CO | Primary | Refinance - Limited Cash-out GSE | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 759 | (redacted) | 33652915 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for [redacted] Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for [redacted] Appraisal Fee. A [redacted] Appraisal Fee was added without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-13): [redacted] received Letter of Explanation, Payment History and Corrected CD. Buyer Comment (2025-03-12): Please see attached PCCD and pymt history showing a cure for $[redacted]due to increase in appraisal fee and [redacted] appraisal fee. also see that PCCD shows a lender credit for $[redacted]that along with the cure for $[redacted]+ lender credit $[redacted]= $[redacted]. Initial LE shows as appraisal fee for $[redacted]and 2nd appraisal for $[redacted]vs final Cd which shows $[redacted]as appraisal fee increase was $[redacted]cure required and for [redacted]appraisal from $[redacted]to $[redacted]increase for $[redacted]total increase for both fees $[redacted]. |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CO | Primary | Refinance - Limited Cash-out GSE | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 759 | (redacted) | 33652916 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. The Settlement Fee increased without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-26): [redacted] received PCCD, Letter of Explanation and Payment history for the evidence of Principal Reduction resulting in a cured the exception. Buyer Comment (2025-03-24): Please see PCCD & Pymt history showing an additional cure for $[redacted]due to increase in escrow fee from $[redacted]to $[redacted] Reviewer Comment (2025-03-07): [redacted] received rebuttal, however Title settlement fee is paid to [redacted] a lender affiliate company and is subjected to [redacted]% tolerance. Also, the COC provided dated [redacted], doesn't provide sufficient information why the fee increased. A valid COC with sufficient information or cure is required. Cure requirements include LOE, corrected CD, proof of mailing and copy of refund check. Buyer Comment (2025-03-06): Could you please kindly review one more time and/or escalate this discrepancy to [redacted]? Per your LLS report you listed the settlement fees as [redacted]% tolerance, but this kind of fees are under the [redacted]% tolerance. The initial LE set as base for settlement statement the amount of $[redacted]plus recording fees $[redacted]= $[redacted]vs settlement statements listed on the final CD shows $[redacted]which is less that the original disclosure. finally, please see the loan amount listed final LE for $[redacted]vs Initial CD $[redacted]. Please see CD dated [redacted] attached along with COC, proof of delivery and rate lock Reviewer Comment (2025-02-25): [redacted] received rate lock dated[redacted], however rate lock doesn't impact settlement fee to increase or decrease. A valid Changed Circumstance with sufficient information or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-02-21): Appears that the reason for settlement changes was a rate lock/relock or lock extension. see attached document. Reviewer Comment (2025-02-21): [redacted] received Changed Circumstance dated [redacted], but it does not give sufficient information on why the Title - Settlement fee was increased. In order to determine if the changed circumstance is valid more information is necessary on reason fee increase and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-02-20): Please see CD dated [redacted], valid COC, proof of delivery attached. increase in the Settlement fee was valid increase. |
03/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CO | Primary | Refinance - Limited Cash-out GSE | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 760 | (redacted) | 33652919 | Compliance | Compliance | State Compliance | State Defect | Compliant Texas 50(f)(2) loan without signed TX50(f)(2) Affidavit. Loan is reviewed as a TX50(f)(2) loan. | [redacted] Constitution Section [redacted] Affidavit Acknowledging Requirements of Subsection[redacted]not in file, however, review of loan file indicates loan meets all conditions in [redacted] to [redacted]. Loan is not reviewed as a [redacted] | Reviewer Comment (2025-03-12): Documents received, system cleared. Buyer Comment (2025-03-10): [redacted] affidavit Reviewer Comment (2025-02-27): Non home equity provided disclosure provided. Please provide [redacted]affidavit. Buyer Comment (2025-02-20): Signed [redacted] uploaded |
03/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Rate/Term | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 761 | (redacted) | 33652925 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Title-Endorsement fee paid to the Lender Affiliate was added on [redacted]. The Changed Circumstance does not specifically name the fee being added to the Closing Disclosure. The final signed and dated Closing Disclosure does not contain evidence of a tolerance cure. | Reviewer Comment (2025-03-13): [redacted] received PCCD, LOE and payment history for principal reduction of cure Buyer Comment (2025-03-12): Please see PCCD and Pymt history attached showing a cure for $[redacted]due to increase in endorsement fee. Reviewer Comment (2025-03-04): [redacted] received rebuttal comment with preliminary ALTA settlement statement. However, we also required additional information on why the fee was added on the initial CD and was not known prior to and at initial application disclosure and to provide information supporting lender's knowledge of when they became aware of the fee or Cure is due to borrower. Buyer Comment (2025-03-03): Please see preliminary ALTA which is showing an increase in endorsement for environment protection $[redacted], encroachments for $[redacted]and location endorsement for another $[redacted]. we became aware about these changes on [redacted] Reviewer Comment (2025-02-21): [redacted] received Changed Circumstance dated [redacted], but it does not give sufficient information on why the Title - Endorsement fee was increased. In order to determine if the changed circumstance is valid more information is necessary on reason fee increase and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-02-20): Please see CD dated [redacted] valid COC, proof of delivery attached. increase in the Endorsement Fees were valid increase |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | ME | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 762 | (redacted) | 33652932 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | The maximum LTV per guidelines is [redacted]% and subject LTV is [redacted]%. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous Miscellaneous |
Residual income > $[readcted] Prior homeownership experience (No FC or Short Sale) Low housing ratio of [redacted]% or less. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-02-14): Lender exception with compensating factors. |
02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 762 | (redacted) | 33652933 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | The maximum CLTV per guidelines is [redacted]% and subject CLTV is [redacted]%. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Miscellaneous Miscellaneous |
Residual income > $[readcted] Prior homeownership experience (No FC or Short Sale) Low housing ratio of [redacted]% or less. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-02-14): Lender exception with compensating factors. |
02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 762 | (redacted) | 33652934 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | The maximum CLTV per guidelines is [redacted]% and subject CLTV is [redacted]%. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Miscellaneous Miscellaneous |
Residual income > $[readcted] Prior homeownership experience (No FC or Short Sale) Low housing ratio of [redacted]% or less. |
SitusAMC Originator,SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-02-21): Lender Exception with Compensating Factors provided. Buyer Comment (2025-02-19): UPE approved PTC by [redacted] including CLTV uploaded. |
02/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 763 | (redacted) | 33652938 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Reason | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | Reviewer Comment (2025-02-24): [redacted] Received Corrected PCCD and LOE. Buyer Comment (2025-02-21): Post-closing CD with waiver of escrows box completed |
02/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 763 | (redacted) | 33652939 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-[redacted]exceeds tolerance of $-[redacted]. Insufficient or no cure was provided to the borrower. | [redacted]Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-[redacted]exceeds tolerance of $-[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-07): [redacted] received valid COC document. Buyer Comment (2025-03-06): [redacted] lock with loan amount change. lender credit is based on percentage of loan amt so credit was adjusted when loan amount changed Buyer Comment (2025-03-06): [redacted] Reviewer Comment (2025-03-04): [redacted] received rebuttal comment and approval for UPE of [redacted]%. but it does not give sufficient information on why the pricing was changed on [redacted] CD. Hence, we also required additional information on why the fee was increased on the CD dated [redacted] and was not known prior to and at initial application disclosure and to provide information supporting lender's knowledge of when they became aware of the fee or Cure is due to borrower. Buyer Comment (2025-03-03): [redacted] approval of seasoning on job with upe of .[redacted] Buyer Comment (2025-03-03): COC provided[redacted] was for UPE due to exception approval for seasoning Reviewer Comment (2025-02-24): [redacted] received Changed Circumstance dated [redacted] states escrowed waived; however, escrows are waived from CD dated [redacted]. In order to determine if the changed circumstance is valid more information is necessary on reason lender credit decreased and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-02-21): coc uploaded for [redacted] updates to lender credit |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 763 | (redacted) | 33652940 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | CCM review and approval of property as required by guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The refinance has decreased the borrower's monthly debt payments by [redacted]% or more. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Residual income > $[readcted] Low default risk with substantial equity, LTV [redacted]% lower than matrix. Excellent credit management with FICO [redacted]+. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-02-14): Lender exception with compensating factors. |
02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 763 | (redacted) | 33652941 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The credit report is reflecting a mortgage tied to the Borrower's previous residence that was not included in the subject DTI ([redacted]). Please provide documentation for debt not being included. | Reviewer Comment (2025-02-27): Divorce decree provided awarding ex wife property and obligations. Buyer Comment (2025-02-20): Divorce decree with [redacted] mortgage assigned to ex spouse Buyer Comment (2025-02-20): Divorce decree with [redacted]mortgage assigned to ex spouse uploaded |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 763 | (redacted) | 33652942 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Borrower has not been on current for [redacted] months as guidelines require a W2 borrower to be on current job for [redacted] months when there is a gap in employment. | Reviewer Comment (2025-02-14): Lender exception with compensating factors, system cleared. |
02/14/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 763 | (redacted) | 33652943 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Borrower has not been on current for [redacted] months as guidelines require a W2 borrower to be on current job for [redacted] months when there is a gap in employment. | Reviewer Comment (2025-02-14): Lender exception with compensating factors, system cleared. |
02/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 763 | (redacted) | 33652944 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Borrower has not been on current for [redacted] months as guidelines require a W2 borrower to be on current job for [redacted] months when there is a gap in employment. | Reviewer Comment (2025-02-14): Lender exception with compensating factors, system cleared. |
02/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 763 | (redacted) | 33652945 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Borrower has not been on current for [redacted] months as guidelines require a W2 borrower to be on current job for [redacted] months when there is a gap in employment. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The refinance has decreased the borrower's monthly debt payments by [redacted]% or more. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Residual income > $[readcted] Low default risk with substantial equity, LTV [redacted]% lower than matrix. Excellent credit management with FICO [redacted]+. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-02-14): Lender exception with compensating factors. |
02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 764 | (redacted) | 33652949 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Attorney Review Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Attorney Review Fee increased to $[redacted]without a valid change of circumstance. No valid COC in file and no evidence of a tolerance cure. | Reviewer Comment (2025-03-07): [redacted] received Letter of Explanation, Payment History and Corrected CD. Buyer Comment (2025-03-06): see your LLS report attached Buyer Comment (2025-03-06): Please see PCCD & Pymt history showing a cure for $[redacted]for increase in attorney fee also see final CD reflecting a cure for the amount of $[redacted]for increase in document preparation fee, finally you requested a cure for increase in the settlement charges from $[redacted]to $[redacted]but this request including previously the $[redacted]cure applied to file as lender credit. Reviewer Comment (2025-02-24): [redacted] tests to SFA Compliance Review Scope - TRID GRID [redacted]and under Additional Consideration Row [redacted] discussed Fee Name Changes and inconsistent Naming Convention which states that creditors should ensure that fee names used are substantially consistent across all disclosures and describes the actual service or function representing the cost and, in a manner, reasonably understood by consumers. For distinctly different fees or fee descriptions [redacted] will not consider these the same fees for tolerance testing purposes. A Document Preparation Fee is not necessarily the same fee type as an [redacted] Attorney fee. Lender would need to document how fee is same service type in order to view as such for testing. Buyer Comment (2025-02-21): Could you please kindly review this exception? the fee was a name changed from Documents Preparations fee to [redacted] Attorney Fee but the fee was the same since the initial LE disclosure. |
03/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 764 | (redacted) | 33652950 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | Insufficient cure. | Reviewer Comment (2025-03-13): [redacted] Received Letter of Explanation, Corrected CD and Payment history. Buyer Comment (2025-03-12): Please see attached PCCD & Pymt history showing an additional cure for $[redacted]due to increase in settlement charges and $[redacted]for increase in notary fee and settlement charges for $[redacted] Reviewer Comment (2025-03-07): [redacted]received cure of $[redacted]for Attorney review fee and $[redacted]was already provided at closing. As per rebuttal comment $[redacted]was provided for document preparation fee however, document preparation fee is falling under [redacted]% tolerance including recording fee and [redacted]Guarantee fee and for exceeding [redacted]% tolerance cure required is $[redacted]. Another $[redacted]cure is required for adding Notary fee paid to affiliate company. So, the total cure required is $[redacted]+ $[redacted]+ $[redacted]= $[redacted]out of which cure provided is $[redacted]. Additional cure of $[redacted]is required to address all exceptions. Buyer Comment (2025-03-06): see your LLS report attached Buyer Comment (2025-03-06): Please see PCCD & Pymt history showing a cure for $[redacted]for increase in attorney fee also see final CD reflecting a cure for the amount of $[redacted]for increase in document preparation fee, finally you requested a cure for increase in the settlement charges from $[redacted]to $[redacted]but this request including previously the $[redacted]cure applied to file as lender credit. Reviewer Comment (2025-02-27): [redacted]received rebuttal comment, however, the deed preparation fee added of $[redacted]and recording fee increase of $[redacted]from $[redacted]on LE dated [redacted] and provided COC in the loan file indicates "Loan amount change in settlement charges" for which we do not have valid COC for the Deed fee added and recording fee increased and Cure provided at closing of $[redacted]is insufficient to cure for all the cited [redacted] exception. If there was an additional reason the fee was added and increase, then we will need the additional information otherwise a corrected CD, LOE, refund check, and proof of mailing is needed to cure. Buyer Comment (2025-02-25): Could you please kindly review this exception? Per LLS available in [redacted]you are asking for a cure for increase in settlement charges for the amount of $[redacted]which includes a recording fee for $[redacted], $[redacted]for increase in the document preparation fee for $[redacted]and $[redacted]for Policy guaranty fee. but increase in the document preparation fee was covered with a lender credit for a $[redacted]attached, then the increase in the recording fee is covered by a COC, proof of delivery and LE dated [redacted] which is attached too. and finally, the $[redacted]increase in the policy guaranty fee is an invalid cure request since the fee was disclosed since the intial LE |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 764 | (redacted) | 33652951 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Notary Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Insufficient cure. | Reviewer Comment (2025-03-13): [redacted]Received Letter of Explanation, Corrected CD and Payment history. Buyer Comment (2025-03-12): Please see attached PCCD & Pymt history showing an additional cure for $[redacted]due to increase in settlement charges and $[redacted]for increase in notary fee and settlement charges for $[redacted] Reviewer Comment (2025-03-07): [redacted] received cure of $[redacted]for Attorney review fee and $[redacted]was already provided at closing. As per rebuttal comment $[redacted]was provided for document preparation fee however, document preparation fee is falling under [redacted]% tolerance including recording fee and [redacted]Guarantee fee and for exceeding [redacted]% tolerance cure required is $[redacted]. Another $[redacted]cure is required for adding Notary fee paid to affiliate company. So, the total cure required is [redacted] out of which cure provided is $[redacted]. Additional cure of $[redacted]is required to address all exceptions. Buyer Comment (2025-03-06): see your LLS report attached Buyer Comment (2025-03-06): Please see PCCD & Pymt history showing a cure for $[redacted]for increase in attorney fee also see final CD reflecting a cure for the amount of $[redacted]for increase in document preparation fee, finally you requested a cure for increase in the settlement charges from $[redacted]to $[redacted]but this request including previously the $[redacted]cure applied to file as lender credit. Reviewer Comment (2025-02-27): [redacted]: Cure provided at closing is insufficient to cure for all the citing [redacted]% and [redacted]% exception. If the cure provided at closing for the Notary fee exceeds [redacted]% tolerance, then we will clear the exception once we received resolution on the [redacted]% and Attorney fee exception citing. Exception remains. Buyer Comment (2025-02-25): Please see final CD dated [redacted] which includes a lender credit for $[redacted]enough to cure increase in the notary fee. |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 765 | (redacted) | 33652956 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted] | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-02-14): Sufficient Cure Provided within [redacted]Days of Closing |
02/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 765 | (redacted) | 33652957 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted] | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-02-14): Sufficient Cure Provided within [redacted]Days of Closing |
02/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 766 | (redacted) | 33652960 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within[redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | E-sign consent is not provided to borrower within [redacted] business days of application. | Reviewer Comment (2025-03-07): [redacted] received earliest e-consent dated [redacted] Buyer Comment (2025-03-06): econsent form signed w/in [redacted] days of application Reviewer Comment (2025-02-24): The consumer went through the eConsent process on [redacted] the consumer acknowledged the receipt of the LE on [redacted] But the loan application date was [redacted]. In the event the consumer had not provided eConsent by [redacted], then the lender should have sent the consumer the Loan Estimate through another means in accordance with the official interpretation reflected in Comment [redacted]Provide proof borrower was sent Initial LE via other means than electronic delivery, as the e-consent was over [redacted] business days and acknowledged over [redacted] business days. The LE would not have been provided electronically if borrower had not e-consented with the [redacted] business days after application. Buyer Comment (2025-02-21): Borrower accepted and signed LE dated[redacted] |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NE | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 766 | (redacted) | 33652961 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. | Reviewer Comment (2025-02-25): Received appraisal delivery report, Exception cleared. Buyer Comment (2025-02-21): appraisal delivery uploaded |
02/25/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NE | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 766 | (redacted) | 33652962 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-02-25): Received appraisal delivery report, Exception cleared. Buyer Comment (2025-02-21): appraisal delivery uploaded |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NE | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 766 | (redacted) | 33652963 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation. | Reviewer Comment (2025-02-25): Received appraisal delivery report, Exception cleared. Buyer Comment (2025-02-21): appraisal delivery uploaded |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NE | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 767 | (redacted) | 33652966 | Compliance | Compliance | Federal Compliance | Compliance | Closing Disclosure Estimated Values | Final Closing Disclosure used for fees provided on [redacted] contains estimated values that may not represent final terms or closing costs to the borrower. Estimated Closing Disclosure used for any applicable Federal, State or Local compliance testing. If documented evidence is provided that estimate was for repair/construction costs or tax/insurance escrows ONLY (no holdback service fees or other estimated fees), then Estimated Closing Disclosure exception may be cleared. | Holdback fee captured as per seller CD. | Reviewer Comment (2025-03-05): [redacted] received contract addendum & escrow instructions confirming escrow holdback was for rent back and has been released. Buyer Comment (2025-02-27): master closing statement with holdback removed Buyer Comment (2025-02-27): addendum regarding holdback release |
03/05/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Purchase | D | A | C | A | D | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 767 | (redacted) | 33652968 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Reviewer Comment (2025-03-07): PDI received, it did not show any storm damage. It did show that there is major renovation being completed, inspector noted permits were shown and stated that currently the property is uninhabitable. The lender stated that since this took place after closing it is fine. Reviewer Comment (2025-03-07): See email sent [redacted] Buyer Comment (2025-03-05): uploaded disaster report again, emailed pdf to diane and linda Reviewer Comment (2025-03-05): Email sent. Blank pages or error message received. Buyer Comment (2025-03-05): disaster inspection uploaded Reviewer Comment (2025-03-04): Only received escrow instructions. Please load and email. Buyer Comment (2025-02-27): inspection report uploaded |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | D | A | C | A | D | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 768 | (redacted) | 33652969 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Hazard Insurance Policy Effective Date ___, Disbursement Date: ___ | The Hazard Insurance Policy Effective Date is [redacted] and the disbursement of the subject loan is [redacted] | Reviewer Comment (2025-04-01): Hazard insurance effective date matches funding date. Exception cleared Buyer Comment (2025-03-31): updated insurance policy effective date |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MS | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 768 | (redacted) | 33652973 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | - | The red-flagged issues listed on the Fraud report were not all addressed or cleared within the loan file. | Reviewer Comment (2025-02-27): Data verify provided with alerts cleared. Buyer Comment (2025-02-21): Data verify with notes for each red flag addressed uploaded |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MS | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 769 | (redacted) | 33652977 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within[redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | The Loan Estimate appears to have been delivered to the Borrower on [redacted] However, the e-consent acceptance listed on the disclosure summary was [redacted]. Evidence of E-consent dated [redacted] is missing from the loan file. | Reviewer Comment (2025-03-04): [redacted]received updated E-sign Consent agreement with eConsent accepted by borrower on [redacted] Buyer Comment (2025-03-03): Please see electronic consent dated [redacted] |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 769 | (redacted) | 33652978 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted]Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. The Appraisal Fee increased without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-13): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2025-03-12): Please see PCCD & Pymt history showing a cure for $[redacted]due to increase in appraisal fee. Reviewer Comment (2025-02-27): [redacted] received Changed Circumstance dated [redacted] but it does not give sufficient information on why the Aopraisal fee was increased. In order to determine if the changed circumstance is valid more information is necessary on reason fee increase and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-02-26): Please see attached documents which includes LE dated [redacted], valid COC, proof of delivery and screenshot from appraisal report dated between [redacted] business days from LE dated showing changes. |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 770 | (redacted) | 33652979 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Most recent [redacted]years signed and dated 4506-C is not provided | Reviewer Comment (2025-03-03): Exception Cleared - Received 4506-C for year [redacted], [redacted]and [redacted]associated the same and data updated as per provided documents. Buyer Comment (2025-02-28): Please see 4506t form attached |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 770 | (redacted) | 33652982 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - [redacted]Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to Most recent [redacted]years signed and dated 4506-C is not provided | Reviewer Comment (2025-03-03): Exception Cleared - Received 4506-C for year [redacted] associated the same and data updated as per provided documents. Buyer Comment (2025-02-28): Please see 4506t form attached |
03/03/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CO | Primary | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 770 | (redacted) | 33652983 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - [redacted]Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to Most recent [redacted]years signed and dated 4506-C is not provided | Reviewer Comment (2025-03-03): Exception Cleared - Received 4506-C for year [redacted] associated the same and data updated as per provided documents. Buyer Comment (2025-02-28): Please see 4506t form attached |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 770 | (redacted) | 33652984 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted]Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $[redacted]on LE but disclosed as $[redacted]on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2025-03-13): [redacted] received Letter of Explanation, Payment History and Corrected CD. Buyer Comment (2025-03-12): Please see attached PCCD & pymt history showing a cure for $[redacted] due to increase in credit report fee |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CO | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 770 | (redacted) | 33652985 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Most recent [redacted] years signed and dated 4506-C not provided | Reviewer Comment (2025-03-03): Exception Cleared - Received 4506-C for year[redacted] associated the same and data updated as per provided documents. Buyer Comment (2025-02-28): Please see 4506t form attached. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 770 | (redacted) | 33652986 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to Most recent 2 years signed and dated 4506-C not provided | Reviewer Comment (2025-03-03): Exception Cleared - Received 4506-C for year [redacted] associated the same and data updated as per provided documents. Buyer Comment (2025-02-28): Please see 4506t form attached |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 770 | (redacted) | 33652987 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Subject is a rural property which is not allowed per guidelines. | Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors. Prior Homeownership Experience (No FC or SS). Total monthly payment savings of $[redacted] or more per month. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-03-12): Lender Exception with Compensating Factors. Buyer Comment (2025-03-10): Please see attached documents included Tangible Net Benefit Disclosure, previous mortgage loan statement showing that what was the old monthly pymt and Loan approval. Looks like the saving for $[redacted]or more per month is a correct Comp Factor. Reviewer Comment (2025-03-04): Provide correct Loan Approval as the borrower does not have a savings of $[redacted]/mo. Buyer Comment (2025-02-28): Please see non-Agency Loan Approval attached. file was approved for a UW's approval for Guidelines do not allow for rural properties |
03/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CO | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 770 | (redacted) | 33652988 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Subject has [redacted]acres; guidelines allow a maximum of [redacted]acres. | Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors. Prior Homeownership Experience (No FC or SS). Total monthly payment savings of $[redacted] or more per month. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-03-12): Lender Exception with Compensating Factors. Buyer Comment (2025-03-10): Please see attached documents included Tangible Net Benefit Disclosure, previous mortgage loan statement showing that what was the old monthly pymt and Loan approval. Looks like the saving for $[redacted]or more per month is a correct Comp Factor. Reviewer Comment (2025-03-04): Provide correct Loan Approval as the borrower does not have a savings of $[redacted]/mo. Buyer Comment (2025-02-28): Please see non-Agency Loan Approval attached. file was approved for a UW's approval for Guidelines do not allow for rural properties |
03/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CO | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 771 | (redacted) | 33652989 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Non-Warrantable Condo (Guidelines require projected approval on all Condos) | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Residual income of $[redacted] Borrower's own funds used for down payment & closing (No gifts or DPA) Excellent credit management with FICO [redacted]+. |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-24): Lender exception with compensating factors. |
02/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 771 | (redacted) | 33652991 | Compliance | Compliance | Federal Compliance | TRID | [redacted]Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-18): Sufficient Cure Provided At Closing |
02/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Purchase | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 771 | (redacted) | 33652992 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: [redacted]reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | The borrower does not have the required 6 months reserves required by guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Residual income of $[redacted] Borrower's own funds used for down payment & closing (No gifts or DPA) Excellent credit management with FICO [redacted]+. |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-21): Lender exception with compensating factors. Buyer Comment (2025-03-19): Post Consummation Exception Approval uploaded. Reviewer Comment (2025-03-04): After Adding POCB of $[redacted]we are still short of [redacted]reserves . We would require additional funds as well as source of funds of $[redacted]Appraisal invoice .Exception remains Buyer Comment (2025-02-28): Please escalate to[redacted] A credit card statement is not required to be provided. Reviewer Comment (2025-02-27): Received appraisal invoice. Also require credit card statement. Exception remains. Buyer Comment (2025-02-26): Please see appraisal invoice reflecting fee paid with a cc. Verified assets $[redacted], CTC $[redacted]. Reserves = $[redacted]([redacted]month requirement met) |
03/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 771 | (redacted) | 33652993 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - [redacted]Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The borrower does not have the required 6 months reserves required by guidelines, due to with this exception fired. | Reviewer Comment (2025-03-21): Lender exception with compensating factors, system cleared. Buyer Comment (2025-03-19): Post Consummation Exception Approval uploaded. Reviewer Comment (2025-03-04): After Adding POCB of $[redacted]we are still short of [redacted]reserves . We would require additional funds as well as source of funds of $[redacted]Appraisal invoice .Exception remains Buyer Comment (2025-02-28): Please escalate to [redacted]. A credit card statement is not required to be provided. Reviewer Comment (2025-02-27): Received appraisal invoice. Also require credit card statement. Exception remains. Buyer Comment (2025-02-26): Please see appraisal invoice reflecting fee paid with a cc. Verified assets $[redacted], CTC $[redacted]. Reserves = $[redacted]([redacted]month requirement met) |
03/21/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 771 | (redacted) | 33652994 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The borrower does not have the required 6 months reserves. | Reviewer Comment (2025-03-21): Lender exception with compensating factors, system cleared. Buyer Comment (2025-03-19): Post Consummation Exception Approval uploaded. Reviewer Comment (2025-03-04): After Adding POCB of $[redacted]we are still short of [redacted]reserves . We would require additional funds as well as source of funds of $[redacted]Appraisal invoice .Exception remains Buyer Comment (2025-02-28): Please escalate to [redacted]. A credit card statement is not required to be provided. Reviewer Comment (2025-02-27): Received appraisal invoice. Also require credit card statement. Exception remains. Buyer Comment (2025-02-26): Please see appraisal invoice reflecting fee paid with a cc. Verified assets $[redacted], CTC $[redacted]. Reserves = $[redacted]([redacted]month requirement met) |
03/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 771 | (redacted) | 33652995 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Short 6 months reserves. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Residual income of $[redacted] Borrower's own funds used for down payment & closing (No gifts or DPA) Excellent credit management with FICO [redacted]+. |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-21): Lender exception with compensating factors. Buyer Comment (2025-03-19): Post Consummation Exception Approval uploaded. Reviewer Comment (2025-03-04): POCB added for additional funds for reserves, documentation is sufficient for POC. With adding POC loan is reflecting [redacted]in reserves vs required [redacted]months. Reviewer Comment (2025-03-04): After Adding POCB of $[redacted]we are still short of [redacted]reserves . We would require additional funds as well as source of funds of $[redacted]Appraisal invoice .Exception remains Buyer Comment (2025-02-28): Please escalate to[redacted]. A credit card statement is not required to be provided. Reviewer Comment (2025-02-27): Received appraisal invoice. Also require credit card statement. Exception remains. Buyer Comment (2025-02-26): Please see appraisal invoice reflecting fee paid with a cc. Verified assets $[redacted], CTC $[redacted]. Reserves = $[redacted]([redacted]month requirement met) |
03/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 771 | (redacted) | 33652996 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - [redacted]Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Short [redacted]months reserves. | Reviewer Comment (2025-03-21): Lender exception with compensating factors, system cleared. Buyer Comment (2025-03-19): Post Consummation Exception Approval uploaded. Reviewer Comment (2025-03-04): After Adding POCB of $[redacted]we are still short of [redacted]reserves . We would require additional funds as well as source of funds of $[redacted]Appraisal invoice .Exception remains Buyer Comment (2025-02-28): Please escalate to [redacted]. A credit card statement is not required to be provided. Reviewer Comment (2025-02-27): Received appraisal invoice. Also require credit card statement. Exception remains. Buyer Comment (2025-02-26): Please see appraisal invoice reflecting fee paid with a cc. Verified assets $[redacted], CTC $[redacted]. Reserves = $[redacted]([redacted]month requirement met) |
03/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 771 | (redacted) | 33652997 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted]Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | Ten Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-24): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-03-24): PCCD and payment history reflecting PR uploaded. Reviewer Comment (2025-02-27): [redacted]Kindly provide Cure Docs for $[redacted]. Cure Docs Consists of PCCD, LOE, Refund Check. Buyer Comment (2025-02-26): Once appraisal and credit report fee exception reviewed, $[redacted]will be cured for the [redacted]% Awaiting confirmation on cures required for appraisal and credit report fees. |
03/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 771 | (redacted) | 33652998 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted]Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. A Second Appraisal Fee was added without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-24): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-03-24): PCCD and payment history reflecting PR uploaded. Reviewer Comment (2025-02-27): [redacted]Changed Circumstance dated [redacted] does not give sufficient information on why the [redacted] Appraisal fee was added. In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-02-26): Please note, LE dated [redacted] disclosed an appraisal fee of $[redacted]. Please confirm $[redacted]cure is acceptable as the total appraisal fee charged is $[redacted]and $[redacted]was initially disclosed. |
03/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 771 | (redacted) | 33652999 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted]Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. A Credit Report Re-Issue Fee was added without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-24): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-03-24): PCCD and payment history reflecting PR uploaded. Reviewer Comment (2025-02-27): [redacted]On CD dated[redacted] additional Credit report fee charged as $[redacted]and $[redacted]respectively without valid COC. COC dated [redacted] does not give sufficient information on why the Credit report fee was increased. In order to determine if the changed circumstance is valid more information is necessary on reason fee increase and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-02-26): Please note, LE [redacted] disclosed a credit report fee of $[redacted]. Total credit report fee charge on the Closing Disclosure is $[redacted]. No cure required. |
03/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 772 | (redacted) | 33653003 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-03-04): Documentation provided. |
03/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 772 | (redacted) | 33653004 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title is Commitment only; no final title in file to verify coverage. | Reviewer Comment (2025-03-04): Documentation provided. Buyer Comment (2025-02-26): Final title policy uploaded. |
03/04/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 772 | (redacted) | 33653005 | Credit | Credit | Credit Documentation | Guideline | Aged document: Credit Report is more than [redacted]days prior to the note date. | - | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrower has been employed in the same industry for more than [redacted] years. Borrower has worked in the same position for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. |
Substantial Cash Reserves Guidelines Representative FICO: [redacted] Representative FICO: [redacted] Low default risk with equity, LTV [redacted]% lower than matrix Residual Income greater than $[readcted]. |
Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. Reviewer Comment (2025-03-24): Client elects to waive with compensating factors. Buyer Comment (2025-03-21): PC Exception Approval uploaded. |
03/24/2025 | 2 | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 773 | (redacted) | 33653007 | Compliance | Compliance | Federal Compliance | FACTA | Federal [redacted]Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | Buyer Comment (2025-02-25): accept exception grade [redacted] |
02/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Primary | Refinance - Cash-out - Debt Consolidation | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 774 | (redacted) | 33653011 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Buyer Comment (2025-03-05): Accepted Reviewer Comment (2025-03-04): Receipt not provided so [redacted] day mail rule applies. Borrower receipt deemed to be[redacted], one day after closing, exception remains EV2. Please email if you'd like to waive. Buyer Comment (2025-02-27): Please see proof of appraisal been delivered to bwr on [redacted] |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 774 | (redacted) | 33653013 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted]Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. A valid COC or cure were not provided. | Reviewer Comment (2025-02-28): [redacted] received PCCD, Letter of Explanation and Payment history for the evidence of Principal Reduction resulting in a cured the exception. Buyer Comment (2025-02-27): Please see PCCD & pymt history attached showing a cure for $[redacted] |
02/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 774 | (redacted) | 33653014 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted](f)([redacted]) Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-03-04): Sufficient Cure Provided within [redacted] Days of Closing |
03/04/2025 | 1 | A | A | A | A | A | NY | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 775 | (redacted) | 33653015 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation (Report Date [redacted]) to applicant three business days prior to consummation | Reviewer Comment (2025-03-04): Delivery provided. Buyer Comment (2025-02-27): Please see proof of appraisal report dated [redacted] |
03/04/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 775 | (redacted) | 33653017 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted]Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee of $[redacted]was not disclosed on Loan Estimate. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-07): [redacted] received Letter of Explanation, Payment History and Corrected CD. Buyer Comment (2025-03-06): Please see [redacted]and Pymt history attached showing a cure for $[redacted]due to increase in credit report fee |
03/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 775 | (redacted) | 33653019 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-20): Lender Exception with Compensating Factors. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 775 | (redacted) | 33653020 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-20): Lender Exception with Compensating Factors. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 775 | (redacted) | 33653021 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - [redacted]Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2025-02-20): Lender Exception with Compensating Factors, system cleared. |
02/20/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 775 | (redacted) | 33653022 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2025-02-20): Lender Exception with Compensating Factors, system cleared. |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 775 | (redacted) | 33653023 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - [redacted]Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted]. | Reviewer Comment (2025-02-20): Lender Exception with Compensating Factors, system cleared. |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 776 | (redacted) | 33653027 | Compliance | Compliance | Federal Compliance | TRID Defect | [redacted]Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Closing Disclosure issued on [redacted] contains an additional Credit Report fee in the amount of $[redacted], the final signed and dated Closing Disclosure reflects the Additional Credit Report fee as $[redacted]. The loan file does not contain a Changed Circumstance regarding the increased fee. The Closing Disclosure also does not contain a tolerance cure. | Reviewer Comment (2025-03-10): [redacted]received Letter of Explanation, Payment history and Corrected [redacted]. Buyer Comment (2025-03-07): pccd with cover letter Buyer Comment (2025-03-07): principal reduction |
03/10/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Home Improvement | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 776 | (redacted) | 33653028 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | The Right To Cancel disclosure reflects the transaction date as[redacted] and cancel date of [redacted]. This does not allow three days after closing. | Reviewer Comment (2025-03-12): Provided the following: Letter of Explanation, Proof of Delivery, and Re-opened Rescission using the correct model form Buyer Comment (2025-03-10): nortc forms re-executed Buyer Comment (2025-03-10): fedex label Buyer Comment (2025-03-10): nortc cover letter |
03/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Home Improvement | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 776 | (redacted) | 33653029 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative [redacted]score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Guidelines required a minimum credit score of [redacted]to use an Alt Document Program. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-02-20): Lender Exception with Compensating Factors. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Home Improvement | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 776 | (redacted) | 33653030 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The Guidelines state for the Bank Statement program, more than [redacted] NSF or overdraft checks within the most recent [redacted]months require an explanation, supporting documentation and underwriting analysis for acceptability. The Co-Borrower has [redacted]NSF checks. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-02-20): Lender Exception with Compensating Factors. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Home Improvement | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 776 | (redacted) | 33653032 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - [redacted]Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | A Third-Party verification of Self-Employed business dated within [redacted]business days prior to Note is missing from the loan file. The CPA Letters are not dated. | Reviewer Comment (2025-03-04): Third party verification provided. Buyer Comment (2025-02-25): [redacted]dated within [redacted]days of Note uploaded |
03/04/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Home Improvement | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 776 | (redacted) | 33653033 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - [redacted]Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | A Third-Party verification of Self-Employed business dated within [redacted]business days prior to Note is missing from the loan file. The CPA Letters are not dated. | Reviewer Comment (2025-03-04): Third party verification provided. Buyer Comment (2025-02-25): [redacted]dated within [redacted]days of Note uploaded |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Home Improvement | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 776 | (redacted) | 33653034 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | A Third-Party verification of Self-Employed business dated within [redacted]business days prior to Note is missing from the loan file. The CPA Letters are not dated. | Reviewer Comment (2025-03-04): Third party verification provided. Buyer Comment (2025-02-25): VVOE dated within [redacted]days of Note uploaded |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Home Improvement | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 776 | (redacted) | 33653035 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | The Guidelines state for the Bank Statement program, more than [redacted]NSF or overdraft checks within the most recent [redacted]months require an explanation, supporting documentation and underwriting analysis for acceptability. The Co-Borrower has [redacted] NSF checks. Guidelines required a minimum credit score of [redacted]to use an Alt Document Program. | Reviewer Comment (2025-02-20): Documents received, system cleared. |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Home Improvement | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 776 | (redacted) | 33653036 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | A Third-Party verification of Self-Employed business dated within [redacted]business days prior to Note is missing from the loan file. The CPA Letters are not dated. | Reviewer Comment (2025-03-04): Third party verification provided. Buyer Comment (2025-02-25): VVOE prior to Note uploaded |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Home Improvement | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 778 | (redacted) | 33653039 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate lock not found in file. | Reviewer Comment (2025-02-28): Rate lock provided, exception cleared. Buyer Comment (2025-02-25): Rate Set Lock uploaded |
02/28/2025 | 1 | B | A | B | A | B | A | B | A | B | A | PA | Primary | Refinance - Cash-out - Other | C | B | A | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 778 | (redacted) | 33653042 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | Reviewer Comment (2025-03-10): Loan file contains lender [redacted]waiver. Buyer Comment (2025-03-10): rescission waiver approval uploaded Reviewer Comment (2025-03-07): No evidence [redacted]accepted borrower's request for waiver. Downgrade can be considered for an [redacted]at your request based on your analysis and consideration. The downgrade request would need to be at your direction based on the analysis and consideration of the waiver. Buyer Comment (2025-03-04): letter requesting waiver of rescission Buyer Comment (2025-03-04): [redacted]exchange time frame for closing Buyer Comment (2025-03-04): borrower request to waive rescission period |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 778 | (redacted) | 33653043 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Waiver of 3-day Waiting Period In File | Truth in Lending Act: Waiver of three ([redacted]) business day waiting period for Rescission due to Bonafide Financial Emergency. | Loan file contains lender RTC waiver. | Buyer Comment (2025-03-11): accept grade [redacted] Reviewer Comment (2025-03-10): Regraded to [redacted]based on borrower handwritten statement to waive rescission which is approved by client. |
03/11/2025 | 2 | B | B | B | B | B | PA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 778 | (redacted) | 33653044 | Credit | Compliance | Miscellaneous Compliance | Compliance | RTC Waiver: Borrower exercised right to cancel waiver. | Recession period waive for the subject loan. | Buyer Comment (2025-04-02): accept grade [redacted] |
04/02/2025 | 2 | B | B | B | B | B | PA | Primary | Refinance - Cash-out - Other | C | B | A | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 780 | (redacted) | 33653050 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Appraisal report dated [redacted] missing evidence of receipt. | Reviewer Comment (2025-02-28): Delivery and receipt of appraisal provided, system cleared. Buyer Comment (2025-02-25): Appraisal viewed by borrower |
02/28/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 780 | (redacted) | 33653051 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted]Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. | Reviewer Comment (2025-02-28): Delivery and receipt of appraisal provided, system cleared. Buyer Comment (2025-02-25): Appraisal viewed by borrower uploaded |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 780 | (redacted) | 33653052 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Appraisal report dated [redacted] missing evidence of receipt. | Reviewer Comment (2025-02-28): Delivery and receipt of appraisal provided, system cleared. Buyer Comment (2025-02-25): Appraisal viewed by borrower |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 780 | (redacted) | 33653053 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) | [redacted] Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. | Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. | Buyer Comment (2025-03-03): accept grade[redacted] Reviewer Comment (2025-02-28): Documentation for state disclosure not provided. Exception is an [redacted]that can be elected to waive. Buyer Comment (2025-02-25): vvoe and appraisal delivery uploaded |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 780 | (redacted) | 33653054 | Compliance | Compliance | State Compliance | State HPML | [redacted] HPML Threshold Test Non-Compliant | [redacted] Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Loan. | APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. | Buyer Comment (2025-03-03): accept grade[redacted] Reviewer Comment (2025-02-28): Documentation for state disclosure not provided. Exception is an EV2 that can be elected to waive. Buyer Comment (2025-02-25): vvoe uploaded |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 780 | (redacted) | 33653055 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception request for unverifiable housing. Guidelines require [redacted]months cancelled checks or bank statements when rents are paid to an individual. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-20): Lender Exception with Compensating Factors. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 780 | (redacted) | 33653056 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Missing Verbal Verification of Employment (VVOE) completed within [redacted]days of closing |
Reviewer Comment (2025-02-27): Exception Cleared - Received VVOE as third party verification for [redacted] associated the same and data updated as per provided documents. Buyer Comment (2025-02-25): VVOE uploaded |
02/27/2025 | 1 | B | A | C | A | B | A | C | A | B | A | MD | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 780 | (redacted) | 33653057 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Missing Verbal Verification of Employment (VVOE) completed within [redacted]days of closing |
Reviewer Comment (2025-02-27): Exception Cleared - Received VVOE as third party verification for[redacted] associated the same and data updated as per provided documents. Buyer Comment (2025-02-25): VVOE uploaded |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 780 | (redacted) | 33653059 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Missing Verbal Verification of Employment (VVOE) completed within [redacted]days of closing | Reviewer Comment (2025-02-27): Exception Cleared - Received VVOE as third party verification for[redacted]associated the same and data updated as per provided documents. Buyer Comment (2025-02-25): VVOE uploaded |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 780 | (redacted) | 33653060 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Missing Verbal Verification of Employment (VVOE) completed within [redacted]days of closing |
Reviewer Comment (2025-02-27): Exception Cleared - Received VVOE as third party verification for[redacted] associated the same and data updated as per provided documents. Buyer Comment (2025-02-25): VVOE uploaded |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 780 | (redacted) | 33653061 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing Verbal Verification of Employment (VVOE) completed within [redacted]days of closing. | Reviewer Comment (2025-02-27): Exception Cleared - Received VVOE as third party verification for [redacted] associated the same and data updated as per provided documents. Buyer Comment (2025-02-25): VVOE uploaded |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 781 | (redacted) | 33653065 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | A Mortgage Broker Fee was added without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-03): [redacted]received [redacted]and rate lock for adding the fee. Buyer Comment (2025-02-27): Please see attached documents that includes CD dated [redacted] Valid COC, Rate Lock, proof of delivery. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 781 | (redacted) | 33653066 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | A Credit Report Re-issue Fee was added without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-13): [redacted]received [redacted], [redacted]and payment history for principal reduction of cure Buyer Comment (2025-03-12): Please see attached [redacted]& pymt history showing a cure for [redacted]or re-inspection report and[redacted] for increase in credit report re-issue fee. total cure for [redacted] |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 781 | (redacted) | 33653067 | Compliance | Compliance | Federal Compliance | FACTA | Federal FACTA Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | Buyer Comment (2025-02-27): Accepted |
02/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 781 | (redacted) | 33653068 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | An Appraisal Re-Inspection Fee was added without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-13): [redacted]received PCCD, LOE and payment history for principal reduction of cure Buyer Comment (2025-03-12): Please see attached [redacted]& pymt history showing a cure for[redacted] for re-inspection report and [redacted] for increase in credit report re-issue fee. total cure for [redacted] Reviewer Comment (2025-03-04): [redacted]agreed that [redacted]) signed on [redacted] But the Appraisal report[redacted]) with provided disclosure completed on[redacted](date of Signature), but the Re-inspection fee was not added until [redacted]This is outside of the required three-day timeline for notification of borrower. Cure is required. Buyer Comment (2025-03-03): Per [redacted]the date of signature is[redacted] please see attached. please kindly advise from where you are taking [redacted]hank you Reviewer Comment (2025-03-03): [redacted]received rebuttal comment however, as per the [redacted]the received date is [redacted]which is 'subject to' but the re-inspection fee was added on LE dated [redacted]which is not within [redacted]business days from the closing. Please provide additional information to validate the timing requirement or provide cure. Buyer Comment (2025-02-27): Could please kindly review this cure request one more time? per our records we have a valid increase in re-inspection appraisal fee since the first report was subject to make some adjustments to the property. the [redacted]was ordered and completed on[redacted] and the charges appeared on the LE dated on [redacted]which is between [redacted]business days of the charges increased. see attached documents which includes CD, valid [redacted], proof of delivery and [redacted]Thank you |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 781 | (redacted) | 33653069 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted]Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-03-04): Rate Lock provided. |
03/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 781 | (redacted) | 33653070 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Reviewer Comment (2025-03-04): Rate Lock provided. Buyer Comment (2025-02-27): Please rate lock attached |
03/04/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 782 | (redacted) | 33653076 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Homeowners Insurance Included In Escrow Test | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether Homeowners Insurance is included in escrow. | The Post Closing Disclosure has corrected the escrow failure. | Reviewer Comment (2025-02-27): Cure provided prior to discovery. Buyer Comment (2025-02-26): Please note, hazard insurance IS included in escrows. |
02/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MN | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 782 | (redacted) | 33653077 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The appraisal report reflects the subject property is rural. The guidelines do not allow rural properties. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Residual income > $[readcted] Low default risk with substantial equity, LTV [redacted]% lower than matrix. Quantifying ratios [redacted] or less. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-03-04): Lender Exception with Compensating Factors provided. Buyer Comment (2025-02-26): Please see image [redacted]page vreflecting exception approval for rural property approved [redacted] |
03/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 782 | (redacted) | 33653078 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Closing Disclosure dated [redacted] increased the Credit Report fee from $[redacted]to $[redacted]. The Closing Disclosure on [redacted] increased the credit report again to $[redacted]. The changed circumstance within the loan file does not identify the refresh fee as a credit report increase. The post-closing CD does not contain a tolerance cure for increase. | Reviewer Comment (2025-03-05): [redacted]Received Letter of Explanation, payment history and Corrected CD Buyer Comment (2025-03-04): PCCD, vand payment history reflecting PR uploaded. |
03/05/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MN | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 782 | (redacted) | 33653079 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | The appraisal report reflects the subject property is rural. The guidelines do not allow rural properties. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Residual income > $[readcted] Low default risk with substantial equity, LTV [redacted]% lower than matrix. Quantifying ratios [redacted] or less. Prior homeownership experience (No FC or Short Sale). |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-03-04): Lender Exception with Compensating Factors provided. Buyer Comment (2025-02-26): Please see image [redacted]page vreflecting exception approval for rural property approved[redacted] |
03/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 782 | (redacted) | 33653080 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The CPA letter in file verifying the Borrower's ownership in the business entity used for qualification is not dated. | Reviewer Comment (2025-02-27): Received dated vLetter and associated the same. Exception cleared. Buyer Comment (2025-02-26): All exceptions addressed in specific exceptions. |
02/27/2025 | 1 | B | A | C | A | B | A | C | A | B | A | MN | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 782 | (redacted) | 33653081 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The CPA letter in file verifying the Borrower's ownership in the business entity used for qualification is not dated. | Reviewer Comment (2025-02-27): Received dated CPA Letter and associated the same. Exception cleared. Buyer Comment (2025-02-26): All exceptions addressed in specific exceptions. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 782 | (redacted) | 33653082 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The CPA letter in file verifying the Borrower's ownership in the business entity used for qualification is not dated. | Reviewer Comment (2025-02-27): Received dated CPA Letter and associated the same. Exception cleared. Buyer Comment (2025-02-26): All exceptions addressed in specific exceptions. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 782 | (redacted) | 33653083 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The CPA letter in file verifying the Borrower's ownership in the business entity used for qualification is not dated. | Reviewer Comment (2025-02-27): Received dated CPA Letter and associated the same. Exception cleared. Buyer Comment (2025-02-26): Proof of CPA letter uploaded. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 783 | (redacted) | 33653085 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | A copy of the Desk Review appraisal report was not provided to the Borrower at least three business days prior to closing. | Reviewer Comment (2025-03-04): Delivery provided. Buyer Comment (2025-02-26): Please see proof of appraisal been delivered to bwr. |
03/04/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CT | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 783 | (redacted) | 33653088 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The [redacted] form was used, the [redacted] form should have been used. | The Title reflects the loan origination Lender is the same as the Lender listed on the Note. The Right to Cancel form should have been completed on a H-[redacted]form. | Buyer Comment (2025-02-21): Accept |
02/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 783 | (redacted) | 33653089 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Loan Estimate reflects the Credit Report Fee as $[redacted]. The Closing Disclosure issued on[redacted] reflects the Credit Report fee as $[redacted]. The Changed Circumstance does not identify the Credit Report fee increase. The Post Closing Disclosure reflects a Principal Reduction in the amount of $[redacted]. | Reviewer Comment (2025-03-03): [redacted]Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-02-28): Please see Complete PCCD & pymt history showing a cure for [redacted] Reviewer Comment (2025-02-28): [redacted]received Post CD and payment history. However,we would also require [redacted]to the borrower in order to cure the exception. Buyer Comment (2025-02-26): Please see PCCD attached & Pymt History showing a cure fo[redacted] |
03/03/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CT | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 783 | (redacted) | 33653090 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted](f)([redacted]) Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-02-28): Sufficient Cure Provided within [redacted]Days of Closing |
02/28/2025 | 1 | A | A | A | A | A | CT | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 784 | (redacted) | 33653092 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | A Credit Report Re-issue Fee was added without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-09): [redacted]received PCCD, LOE and payment history for principal reduction of cure Buyer Comment (2025-03-06): Please see PCCD & Pymt History showing a cure for [redacted]for a tax service increase and[redacted] for increase in credit report fee |
03/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 784 | (redacted) | 33653093 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan). Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | A Tax Service Fee was added without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-09): [redacted]received PCCD, LOE and payment history for principal reduction of cure Buyer Comment (2025-03-06): Please see PCCD & Pymt History showing a cure for $[redacted] for a tax service increase and $[redacted] for increase in credit report fee |
03/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 785 | (redacted) | 33653096 | Compliance | Compliance | Federal Compliance | FACTA | Federal FACTA Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | Buyer Comment (2025-02-27): accepted |
02/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 785 | (redacted) | 33653097 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-19): Sufficient Cure Provided At Closing |
02/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 785 | (redacted) | 33653098 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee of $[redacted]was not disclosed on Loan Estimate. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-09): [redacted]received PCCD, LOE and payment history for principal reduction of cure Buyer Comment (2025-03-06): Please see PCCD & pymt history showing a cure for [redacted]due to increase in credit report fee |
03/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 785 | (redacted) | 33653099 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Processing Fee of $[redacted]was not disclosed on Loan Estimate. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-02): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-02-27): Please see final CD dated [redacted]showing a lender credit for the amount of [redacted]enough to cure increase in settlement charges for $[redacted]party processing fee |
03/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 785 | (redacted) | 33653100 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Survey Fee of $[redacted]was not disclosed on Loan Estimate. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-26): [redacted]received PCCD, Letter of Explanation and Payment history for the evidence of Principal Reduction resulting in a cured the exception. Buyer Comment (2025-03-24): Please see attached PCCD & Pymt history showing cure for[redacted]due to increase in survey fee. Reviewer Comment (2025-03-05): [redacted]received rebuttal and survey docs. However, the inclusion of a fee within Section C of the most recent LE provided to the consumer carries the primary basis for consideration of whether the consumer was permitted to shop. As the Survey fee was included in section B of the most recent LE, the consumer was not allowed to shop, and a cure is required. Provide Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-03-04): It appears that a survey package including their reading, results, and invoice were provided on [redacted] When we reviewed the fee was likely inaccurate, as it was a shoppable fee allowing us to issue an LE with an estimated service charge. Upon it review we updated the charge and payee to reflect the services provided and their correct costs. Please see attached Survey documents Reviewer Comment (2025-03-02): [redacted]received COC dated [redacted] the reason mentioned is not a valid reason. Kindly provide a valid COC for the fee increased or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-02-27): Please see attached CD dated[redacted]valid COC. proof of delivery and rate lock. increase in the survey fee was caused by a lock rate/lock extension. relock |
03/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 786 | (redacted) | 33653128 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. The Credit Report Fee increased without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-10): [redacted]received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2025-03-06): Please see PCCD & Pymt history showing a cure for $[redacted]due to increase in credit report fee |
03/10/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 786 | (redacted) | 33653129 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2025-03-04): Delivery provided. Buyer Comment (2025-02-28): Please see proof of appraisal been delivered to our borrower on [redacted] |
03/04/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 787 | (redacted) | 33653131 | Compliance | Compliance | Federal Compliance | FACTA | Federal FACTA Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide [redacted]Credit Score Disclosure within a reasonably practicable time after using credit score. | The creditor did not provide the FACTA Credit Score Disclosure within a reasonably practicable time after using the credit score. | Buyer Comment (2025-03-04): Accepted |
03/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 787 | (redacted) | 33653132 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Buyer Comment (2025-03-04): Accepted |
03/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 787 | (redacted) | 33653135 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Provide a copy of the earlier Assured Appraisal and evidence of its' delivery. | Reviewer Comment (2025-03-06): Delivery provided. Buyer Comment (2025-03-04): Please see Proof of appraisal been delivered to our borrower on[redacted] |
03/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 787 | (redacted) | 33653136 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted]Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Provide a copy of the earlier Assured Appraisal and evidence of its' delivery. | Reviewer Comment (2025-03-06): Delivery provided. Buyer Comment (2025-03-04): Please see Proof of appraisal been delivered to our borrower on [redacted] |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 787 | (redacted) | 33653137 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule ([redacted] [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Provide a copy of the earlier Assured Appraisal and evidence of its' delivery. | Reviewer Comment (2025-03-06): Delivery provided. Buyer Comment (2025-03-04): Please see Proof of appraisal been delivered to our borrower on [redacted] |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 787 | (redacted) | 33653138 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Provide a copy of the earlier Assured Appraisal and evidence of its' delivery. | Reviewer Comment (2025-03-13): [redacted]received Letter of Explanation, Payment History and Corrected CD. Buyer Comment (2025-03-12): Please see attached PCCD & Pymt history showing a cure for [redacted] due to increase in credit report fee. |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 788 | (redacted) | 33653142 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted]not received by borrower at least four ([redacted]) business days prior to closing. | Revised Loan Estimate provided on [redacted] not received by borrower at least four ([redacted]) business days prior to closing. | Reviewer Comment (2025-02-27): [redacted]received proof of receipt. Buyer Comment (2025-02-26): Please see attached initial LE, initial CD and consummation CD. File closed until [redacted] |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | No Defined Cure | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 788 | (redacted) | 33653143 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Completed Loan Application Not Provided At Least 1 Business Day Prior to Closing) | [redacted] Constitution Section [redacted](a)([redacted]): [redacted] Cash-out Loan. Borrower was not provided copy of Application [redacted] day prior to closing. | Reviewer Comment (2025-03-04): Documentation provided. Buyer Comment (2025-02-26): Please see [redacted]Receipt of documents copies and one day before closing |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 788 | (redacted) | 33653144 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (No evidence that borrower received copies of all documents signed at closing) | [redacted] Constitution Section [redacted](a)([redacted]): [redacted] Cash-out Loan. No evidence that borrower(s) received copies of all documents signed at time of closing. | Reviewer Comment (2025-03-04): Documentation provided. Buyer Comment (2025-02-26): Please see [redacted] Receipt of documents copies and one day before closing |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Either Deliver the required documents to the borrower or refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 788 | (redacted) | 33653146 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative [redacted]score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Borrower does not meet the [redacted]credit score requirement for using cash proceeds as reserves. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Low default risk with substantial equity, LTV [redacted]% lower than matrix. | SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-20): Lender exception with compensating factors. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 788 | (redacted) | 33653147 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Borrower does not meet the [redacted]credit score requirement for using cash proceeds as reserves. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Low default risk with substantial equity, LTV [redacted]% lower than matrix. | SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-02-20): Lender exception with compensating factors. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 789 | (redacted) | 33653153 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The loan file is missing a verification of the business used for income qualification within [redacted]business days of closing. The loan file is short the required [redacted]months reserves. | Reviewer Comment (2025-04-07): Provided. Buyer Comment (2025-04-03): vvoe Buyer Comment (2025-04-02): VVOE completed w/in [redacted]days of Note Reviewer Comment (2025-02-27): Received document is not acceptable as Verification of business . Provide us with Verification of the business used for income qualification within 10 business days of closing. Exception remains Buyer Comment (2025-02-25): VVOE dated within [redacted]days of Note date uploaded |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 789 | (redacted) | 33653155 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | The loan is short the required [redacted] months reserves as only [redacted]months are documented in file. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous Miscellaneous |
Residual income is > $[redacted]. Borrowers own funds used for down payment & closing (No gifts or DPA). Prior homeownership experience (No FC or Short Sale) Excellent credit management with FICO [redacted]. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-02-20): Lender exception with compensating factors. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 789 | (redacted) | 33653156 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | The loan is short the required [redacted]months reserves as only [redacted]months are documented in file. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous Miscellaneous |
Residual income is > $[redacted]. Borrowers own funds used for down payment & closing (No gifts or DPA). Prior homeownership experience (No FC or Short Sale) Excellent credit management with FICO [redacted]. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-02-20): Lender exception with compensating factors. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 789 | (redacted) | 33653157 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The loan file is missing a verification of the business used for income qualification within [redacted] business days of closing. | Reviewer Comment (2025-04-07): Provided. Buyer Comment (2025-04-03): please review documents in loan file[redacted] supporting start date of business and ownership Reviewer Comment (2025-04-03): Provided document does not verify start date of business and ownership of borrower. Document required within [redacted]business days of closing. Exception remains. Buyer Comment (2025-04-02): VVOE completed w/in [redacted]days of Note Reviewer Comment (2025-02-27): Received document is not acceptable as Verification of business . Provide us with Verification of the business used for income qualification within [redacted]business days of closing. Exception remains Buyer Comment (2025-02-25): VVOE dated within [redacted]days of Note date uploaded |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 790 | (redacted) | 33653160 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three business days prior to consummation. | Reviewer Comment (2025-02-27): Exception Cleared - Received receipt of appraisal delivered to borrower data updated as per provided documents. Buyer Comment (2025-02-25): Appraisal delivery to borrower, emailed by[redacted] |
02/27/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 790 | (redacted) | 33653161 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted]Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-02-27): Exception Cleared - Received receipt of appraisal delivered to borrower data updated as per provided documents. Buyer Comment (2025-02-25): Appraisal delivery to borrower, emailed by[redacted] |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 790 | (redacted) | 33653162 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three business days prior to consummation. | Reviewer Comment (2025-02-27): Exception Cleared - Received receipt of appraisal delivered to borrower data updated as per provided documents. Buyer Comment (2025-02-25): Appraisal delivery to borrower, emailed by [redacted] |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 790 | (redacted) | 33653164 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank [redacted]): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Buyer Comment (2025-02-25): accept grade [redacted]exception |
02/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 790 | (redacted) | 33653165 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure - [redacted](f)(2) Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-02-20): Sufficient Cure Provided within [redacted]Days of Closing |
02/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 791 | (redacted) | 33653168 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2025-03-04): Delivery provided. Buyer Comment (2025-02-26): Please see proof of appraisals been delivered to bwr dated [redacted] |
03/04/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 791 | (redacted) | 33653169 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2025-03-04): Delivery provided. Buyer Comment (2025-02-26): Please see proof of appraisals been delivered to bwr dated [redacted] |
03/04/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 791 | (redacted) | 33653172 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | HUD-1 total cash-out of ___ is greater than Guideline total cash-out of ___. | Total cash out to borrower of $[redacted]exceeds guideline total cash out limit of $[redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Residual income > $[readcted] Low default risk with equity, LTV [redacted]% lower than matrix. Qualifying ratios [redacted] or less. Excellent credit management with FICO [redacted]+. Prior homeownership experience (No FC or Short Sale) |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-02-20): Lender exception with compensating factors. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 791 | (redacted) | 33653173 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | CCM review & approval of property (Guidelines require CCM review and approval of all properties valued over $[redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Residual income > $[readcted] Low default risk with equity, LTV [redacted]% lower than matrix. Qualifying ratios [redacted] or less. Excellent credit management with FICO [redacted]+. Prior homeownership experience (No FC or Short Sale) |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-02-20): Lender exception with compensating factors. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 791 | (redacted) | 33653174 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. The Appraisal Fee increased without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-27): [redacted]received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-02-26): Please see [redacted]attached showing a cure applied for [redacted] due to increase in appraisal report |
02/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 791 | (redacted) | 33653175 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of [redacted]Risk. | The loan file is missing a verification of the business used for income qualification within [redacted]business days of closing. | Reviewer Comment (2025-02-28): VVOE provided within [redacted]business days prior to closing exception cleared. Buyer Comment (2025-02-26): Please see VVOE attached between [redacted]business days of closing |
02/28/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NC | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 791 | (redacted) | 33653176 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The loan file is missing a verification of the business used for income qualification within [redacted]business days of closing. | Reviewer Comment (2025-02-28): VVOE provided within [redacted]business days prior to closing exception cleared. Buyer Comment (2025-02-26): Please see VVOE attached between [redacted]business days of closing |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 791 | (redacted) | 33653177 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The loan file is missing a verification of the business used for income qualification within [redacted]business days of closing. | Reviewer Comment (2025-02-28): VVOE provided within [redacted]business days prior to closing exception cleared. Buyer Comment (2025-02-26): Please see VVOE attached between [redacted]business days of closing |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 791 | (redacted) | 33653178 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The loan file is missing a verification of the business used for income qualification within [redacted]business days of closing. | Reviewer Comment (2025-02-28): VVOE provided within [redacted]business days prior to closing exception cleared. Buyer Comment (2025-02-26): Please see VVOE attached between [redacted]business days of closing |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 791 | (redacted) | 33653179 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted](f)(2) Cure | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-02-27): Sufficient Cure Provided within [redacted]Days of Closing |
02/27/2025 | 1 | A | A | A | A | A | NC | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 792 | (redacted) | 33653181 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2025-03-04): Delivery provided. Buyer Comment (2025-02-27): Please see attached proof of appraisal been delivered to bwr on[redacted] |
03/04/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MS | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 792 | (redacted) | 33653185 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | NSF's over max. Guidelines permit [redacted]in [redacted]month period, borrower has [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Residual income > $[readcted] Qualifiying ratios of [redacted] or less. Prior homeownership experience (No FC or Short Sale) |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-02-20): Lender exception with compensating factors. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MS | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 792 | (redacted) | 33653186 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Guideline limit for acreage is [redacted]acres, subject property is [redacted]acres. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Residual income > $[readcted] Qualifiying ratios of [redacted] or less. Prior homeownership experience (No FC or Short Sale) |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-02-20): Lender exception with compensating factors. |
02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MS | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 792 | (redacted) | 33653187 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The [redacted] form was used, the [redacted] form should have been used. | Buyer Comment (2025-02-21): Accept |
02/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MS | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 793 | (redacted) | 33653191 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on[redacted]/Final Closing Disclosure. | There s a variance in taxes between the initial escrow disclosure and post close closing disclosure. | Reviewer Comment (2025-02-28): Updated initial escrow disclosure provided, system cleared. Buyer Comment (2025-02-25): updated escrow account disc Buyer Comment (2025-02-25): post closing action letter |
02/28/2025 | 1 | B | A | B | A | B | A | B | A | B | A | PA | Primary | Refinance - Cash-out - Other | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
B | A | A | A | B | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 794 | (redacted) | 33653195 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | No cure or valid changed circumstance provided for credit report re-issue fee. | Reviewer Comment (2025-03-17): [redacted]received Corrected [redacted], Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception. Buyer Comment (2025-03-13): pccd with cover letter Buyer Comment (2025-03-13): cure |
03/17/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 794 | (redacted) | 33653196 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | No cure or valid changed circumstance provided for credit report fee. | Reviewer Comment (2025-03-17): [redacted]received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception. Buyer Comment (2025-03-13): pccd with cover letter Buyer Comment (2025-03-13): cure |
03/17/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 794 | (redacted) | 33653197 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Need clarification if co-borrower (Petrona Anderson) is a occupant or non-occupant borrower. Her final [redacted]states her current primary residence ([redacted]East [redacted]Street) will remain her primary but the declaration section box is blank for will she occupy subject property. Please also clarify total housing PITIA payment for [redacted]East [redacted]Street. Co-mtgs of $[redacted]stated on [redacted]underwriting and transmittal summary. | Reviewer Comment (2025-03-12): [redacted]'s and proof of housing PITIA provided Buyer Comment (2025-03-10): cb declaration section Buyer Comment (2025-03-10): borrower [redacted]with declaration updated Buyer Comment (2025-03-10): cb signed [redacted] Reviewer Comment (2025-03-06): Pay history received. Please clarify if both borrowers will be living in the property. Provide [redacted]for both borrowers with Section [redacted]&2. Also provide signed final [redacted]for Petrona. Buyer Comment (2025-03-05): transaction payment history for mtg Buyer Comment (2025-03-05): mortgage statement for [redacted]E [redacted]st |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 794 | (redacted) | 33653200 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | DTI increased due to the addition of debt for [redacted]ST property. DTI exceeds allowable. | Reviewer Comment (2025-04-03): Santander debt excluded. Documented on credit report. Reviewer Comment (2025-03-31): Exception Remains - REO property [redacted]East [redacted]Street which is considered in DTI calculation, As per pay history co-borrower is liable for this REO property, Required proof of sold [redacted]property or PITIA which is not payable by co-borrower to exclude it from DTI calculation. Buyer Comment (2025-03-25): all debt accounted for, [redacted]E [redacted] is not paid off but is included in ratios along with [redacted] property; see payment breakdown and 1008 with notes Reviewer Comment (2025-03-24): Still need clarification. [redacted]Co-Mtgs states a payment of $ [redacted]which belongs to [redacted]East [redacted]Street per mortgage statement which you state is paid in full and [redacted]does not include the mortgage payment for REO located at [redacted]Van Ness Place. Also provide closing statement verifying [redacted]East [redacted]Street was sold and mortgage paid in full as this property is not listed on co-borrower final 1003 REO section but page one states co-borrower owns property. If mortgage paid in full and co-borrower still owns I need verification of properties taxes, insurance and HOA. Buyer Comment (2025-03-21): [redacted]with cb housing payment updated and credit report supporting debt paid off previously and excluded in dti |
04/03/2025 | 1 | A | A | A | A | A | NJ | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 794 | (redacted) | 33653201 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | DTI increased due to the addition of debt for [redacted]ST property. DTI exceeds allowable. | Reviewer Comment (2025-04-03): Santander debt excluded. Documented on credit report. Reviewer Comment (2025-03-31): Exception Remains - REO property [redacted]East [redacted]Street which is considered in DTI calculation, As per pay history co-borrower is liable for this REO property, Required proof of sold REO property or [redacted]which is not payable by co-borrower to exclude it from DTI calculation. Buyer Comment (2025-03-25): all debt accounted for, [redacted]E [redacted]is not paid off but is included in ratios along with [redacted] property; see payment breakdown and 1008 with notes Buyer Comment (2025-03-25): all debt accounted for, [redacted]E [redacted] is not paid off but is included in ratios along with [redacted] property; see payment breakdown and 1008 with notes Reviewer Comment (2025-03-24): Still need clarification. [redacted]Co-Mtgs states a payment of $ [redacted]which belongs to [redacted]East 41st Street per mortgage statement which you state is paid in full and [redacted]does not include the mortgage payment for REO located at [redacted] Van Ness Place. Also provide closing statement verifying [redacted]East [redacted] Street was sold and mortgage paid in full as this property is not listed on co-borrower final [redacted]REO section but page one states co-borrower owns property. If mortgage paid in full and co-borrower still owns I need verification of properties taxes, insurance and [redacted]. Buyer Comment (2025-03-21): [redacted]with cb housing payment updated and credit report supporting debt paid off previously and excluded in dti |
04/03/2025 | 1 | A | A | A | A | A | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 795 | (redacted) | 33653204 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Evidence the Borrower received the final Appraisal report at least three business days prior to closing. | Reviewer Comment (2025-03-06): Delivery provided. Buyer Comment (2025-03-04): Appraisal delivery uploaded |
03/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 795 | (redacted) | 33653205 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Initial Loan Estimate reflects the Credit Report for $[redacted]. The final signed and dated Closing Disclosure reflects the Credit report fee as $[redacted]. The loan file does not contain a Changed Circumstance or tolerance cure to Borrower. | Reviewer Comment (2025-03-07): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-03-06): principal reduction Buyer Comment (2025-03-06): [redacted]with cover letter |
03/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 795 | (redacted) | 33653206 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Initial Loan Estimate does not reflect a Credit re-issue fee. The final signed and dated Closing Disclosure reflects a Credit Re-issue fee of $[redacted]. The loan file does not contain a Changed Circumstance regarding the additional fee or tolerance cure to Borrower. | Reviewer Comment (2025-03-07): [redacted]received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-03-06): principal reduction Buyer Comment (2025-03-06): pccd with cover letter |
03/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 796 | (redacted) | 33653210 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) | [redacted] Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. | The loan has been identified as a Higher Priced Mortgage Loan, resulting in a Loan Designation discrepancy. | Buyer Comment (2025-03-04): Approve |
03/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 796 | (redacted) | 33653211 | Compliance | Compliance | State Compliance | State HPML | [redacted] HPML Threshold Test Non-Compliant | [redacted] Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Loan. | Clarity calculated APR exceeds APR threshold of [redacted]% | Buyer Comment (2025-03-04): Approve |
03/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 796 | (redacted) | 33653212 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Loan Estimate Timing | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three ([redacted]) business days of application. | Loan Estimate not delivered or placed in the mail to Borrower(s) within three ([redacted]) business days of application. | Reviewer Comment (2025-03-24): [redacted]s received lender company holiday calendar confirming closed on [redacted] and attestation comment that company was closed these dates. Disclosed on [redacted] within [redacted]business days of application with [redacted]& [redacted] of December not included. Buyer Comment (2025-03-21): Please note, including Tuesday [redacted]is incorrect as [redacted]was closed. See attached calendar. Reviewer Comment (2025-03-14): [redacted]received rebuttal that [redacted]offices not open on [redacted]. However, [redacted]is not including Saturday in timing calculation. The issue appears that the initial application date is based on the broker application date of [redacted] which would require the LE be provided by [redacted]. [redacted] application date, [redacted]. Please provide proof earlier LE sent within timing. Buyer Comment (2025-03-12): Reviewer is including Saturday as a general business day and [redacted]offices are open to the public for carrying on substantially all of its business functions on M-F. Reviewer Comment (2025-03-11): Initial application date shows as [redacted]. Mailing required by [redacted] Buyer Comment (2025-03-10): Please note, disclosures were mailed via USPS on [redacted]. [redacted] and [redacted] are company holidays. [redacted] is the third business day and meets requirements. Reviewer Comment (2025-03-05): Application date supported by loan file is [redacted]. Initial LE must be issued within three days of receiving [redacted]pieces of required application information. Buyer Comment (2025-03-04): Disclosure tracking summary reflecting disclosures sent out via [redacted]mail. |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 797 | (redacted) | 33653217 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. A valid COC or cure was not provided. | Reviewer Comment (2025-03-12): [redacted]received Corrected [redacted], Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception. Buyer Comment (2025-03-10): pccd with cover letter Buyer Comment (2025-03-10): fedex check Buyer Comment (2025-03-10): cure check |
03/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 797 | (redacted) | 33653218 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Verification Of Employment Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Verification Of Employment Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. A valid COC or cure was not provided. | Reviewer Comment (2025-03-12): [redacted]received Corrected [redacted], Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception. Buyer Comment (2025-03-10): pccd with cover letter Buyer Comment (2025-03-10): fedex mailing label Buyer Comment (2025-03-10): cure check |
03/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 798 | (redacted) | 33653221 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2025-03-05): Received Appraisal delivery. Exception Cleared Buyer Comment (2025-03-04): Appraisal delivery uploaded |
03/05/2025 | 1 | B | A | B | A | B | A | B | A | B | A | VA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 798 | (redacted) | 33653222 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted]Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-03-05): Received Appraisal delivery. Exception Cleared Buyer Comment (2025-03-04): Appraisal delivery |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 798 | (redacted) | 33653223 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2025-03-05): Received Appraisal delivery. Exception Cleared Buyer Comment (2025-03-04): Appraisal delivery uploaded |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 798 | (redacted) | 33653226 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | Ten Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. A valid COC or cure were not provided. | Reviewer Comment (2025-03-14): [redacted]received [redacted], Letter of Explanation and Payment history for the evidence of Principal Reduction resulting in a cured the exception. Buyer Comment (2025-03-13): pccd wth cover letter Buyer Comment (2025-03-13): principal reduction |
03/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | VA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 798 | (redacted) | 33653227 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Hazard Insurance Policy expires within [redacted]days of the Note Date. | Missing renewal policy with new effective and expiration dates and new hazard premium of $[redacted]. | Reviewer Comment (2025-03-11): Received Buyer Comment (2025-03-06): current policy with premium included |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 798 | (redacted) | 33653228 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank [redacted]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | No evidence that borrower received a copy of appraisal 3 business days to closing. | Reviewer Comment (2025-03-11): Evidence provided appraisal received [redacted]. Buyer Comment (2025-03-06): appraisal delivery |
03/11/2025 | 1 | A | A | A | A | A | VA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 798 | (redacted) | 33653230 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA [redacted]Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of revised valuation to applicant three ([redacted]) business days prior to consummation. | Evidence provided appraisal received[redacted]. | Buyer Comment (2025-03-14): accept grade [redacted] Buyer Comment (2025-03-13): appraisal delivery |
03/14/2025 | 2 | B | B | B | B | B | VA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 799 | (redacted) | 33653234 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | Facta disclosure missing in file. | Buyer Comment (2025-03-05): accept grade [redacted] |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 799 | (redacted) | 33653235 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | No cure or valid changed circumstance provided for credit report fee. | Reviewer Comment (2025-03-07): [redacted] received PCCD, LOE and principal reduction of cure. Buyer Comment (2025-03-05): principal reduction Buyer Comment (2025-03-05): pccd with cover letter |
03/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 799 | (redacted) | 33653236 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Insufficient reserves. [redacted]months required and only [redacted]months verified. [redacted]underwriting and transmittal summary stated borrower received an exception for being short reserves but no lender approved exception located in file. | Reviewer Comment (2025-03-06): Lender exception with compensating factors, system cleared. Buyer Comment (2025-03-04): [redacted]approval of reserves |
03/06/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 799 | (redacted) | 33653237 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Insufficient reserves. [redacted]months required and only [redacted]months verified. [redacted]underwriting and transmittal summary stated borrower received an exception for being short reserves but no lender approved exception located in file. | Reviewer Comment (2025-03-06): Lender exception with compensating factors, system cleared. Buyer Comment (2025-03-04): [redacted]approval of reserves |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 799 | (redacted) | 33653238 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Insufficient reserves. [redacted]months required and only [redacted]months verified. [redacted]underwriting and transmittal summary stated borrower received an exception for being short reserves but no lender approved exception located in file. | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous |
Borrower has verified disposable income of at least $[redacted]. Excellent credit management with FICO [redacted]+. Low default risk, equity at least [redacted]% lower than the guideline maximum. Excellent credit management with [redacted] FICO |
Originator,SitusAMC SitusAMC SitusAMC Originator Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-03-06): ... Reviewer Comment (2025-03-06): Lender exception with compensating factors. Buyer Comment (2025-03-04): [redacted]approval of reserves |
03/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 799 | (redacted) | 33653239 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Insufficient reserves. [redacted] months required and only [redacted]months verified. [redacted]underwriting and transmittal summary stated borrower received an exception for being short reserves but no lender approved exception located in file. | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Miscellaneous |
Borrower has verified disposable income of at least $[redacted]. Excellent credit management with FICO [redacted]+. Low default risk, equity at least [redacted]% lower than the guideline maximum. Excellent credit management with [redacted] FICO |
Originator,SitusAMC SitusAMC SitusAMC Originator Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-03-06): Lender exception with compensating factors. Buyer Comment (2025-03-04): [redacted]approval of reserves |
03/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 799 | (redacted) | 33653240 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Insufficient reserves. [redacted]months required and only [redacted]months verified. [redacted]underwriting and transmittal summary stated borrower received an exception for being short reserves but no lender approved exception located in file. | Reviewer Comment (2025-03-06): Lender exception with compensating factors, system cleared. Buyer Comment (2025-03-04): [redacted]approval of reserves |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 799 | (redacted) | 33653241 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - [redacted](f)(2) Cure | TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Sufficient cure provided at closing | Reviewer Comment (2025-03-07): Sufficient Cure Provided within [redacted]Days of Closing |
03/07/2025 | 1 | A | A | A | A | A | NY | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 800 | (redacted) | 33653243 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Appraisal report dated [redacted] missing evidence of receipt. | Buyer Comment (2025-03-04): Approve |
03/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Home Improvement | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 801 | (redacted) | 33653246 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | The FACTA provided to the Borrower is missing from the loan file. | Buyer Comment (2025-03-04): Approve |
03/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 801 | (redacted) | 33653248 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Re-Issue fee was not disclosed on initial Loan estimate but disclosed but final Closing Disclosure $[redacted]. File does not contain a valid COC for this fee, nor evidence of cure is provided in file. | Reviewer Comment (2025-03-05): [redacted] Received Letter of Explanation, Payment history and Corrected CD Buyer Comment (2025-03-04): [redacted]and payment history reflecting PR uploaded. |
03/05/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 801 | (redacted) | 33653249 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted] Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-03-05): Sufficient Cure Provided within [redacted]Days of Closing |
03/05/2025 | 1 | A | A | A | A | A | NY | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 802 | (redacted) | 33653250 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | Buyer Comment (2025-03-04): Approve |
03/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 802 | (redacted) | 33653251 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. | Final Closing Disclosure provided on [redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement | Buyer Comment (2025-03-04): Approve |
03/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | Good Faith Redisclosure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 802 | (redacted) | 33653252 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted] Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Reinspection Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Reinspection Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. A valid COC or cure was not provided. | Reviewer Comment (2025-02-27): Sufficient Cure Provided within [redacted] Days of Closing |
02/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 803 | (redacted) | 33653256 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted], A valid COC or cure was not provided. | Reviewer Comment (2025-03-07): [redacted]received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-03-06): cure Buyer Comment (2025-03-06): pccd with cover letter |
03/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TN | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 803 | (redacted) | 33653257 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Guidelines do not allow for rural properties. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) Borrower's own funds used for down payment and closing (no gifts or DPA) |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-03-03): Lender Exception with Compensating Factors. |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 803 | (redacted) | 33653259 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted] Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-03-07): Sufficient Cure Provided within [redacted]Days of Closing |
03/07/2025 | 1 | A | A | A | A | A | TN | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 804 | (redacted) | 33653261 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Buyer Comment (2025-03-07): Accepted Reviewer Comment (2025-03-07): [redacted]exception remains as appraisal was delivered post close. Can be waived. Buyer Comment (2025-03-05): Please see proof of appraisal attached been delivered to bwr on [redacted] |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | B | B | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 804 | (redacted) | 33653264 | Credit | Guideline | Guideline Issue | Guideline | Rural property type is not permitted per Guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) Low housing ratio of [redacted]% or less. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-03-03): Lender Exception with Compensating Factors. |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | B | B | A | A | Non QM | N/A | No | |||||||||
| (redacted) | 804 | (redacted) | 33653265 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception request for subject property exceed max acreage. (Max acreage for non-owner property is [redacted] acres, actual acreage is [redacted] acres) | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [redacted] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous Miscellaneous |
Lender Exception with Compensating Factors. Prior homeownership Experience (No FC or SS) Low housing ratio of [redacted]% or less. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-03-03): Lender Exception with Compensating Factors. |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | B | B | A | A | Non QM | N/A | No | ||||||||
| (redacted) | 804 | (redacted) | 33653266 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Buyer Comment (2025-03-07): Accepted |
03/07/2025 | 2 | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | B | B | A | A | Non QM | N/A | No | ||||||||||||||||
| (redacted) | 805 | (redacted) | 33653267 | Credit | Document Inventory | General | Missing Document | Evidence of Taxpayer Consent is Missing, and Taxpayer documentation is present. | Evidence of Taxpayer Consent is Missing | Reviewer Comment (2025-03-07): Exception cleared - Evidence of Taxpayer Consent associated in [redacted]. Buyer Comment (2025-03-05): Borrower tax consent uploaded. |
03/07/2025 | 1 | B | A | B | A | B | A | B | A | B | A | OH | Primary | Refinance - Cash-out - Other | B | B | B | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 805 | (redacted) | 33653270 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Safe Harbor requirements not satisfied. | Buyer Comment (2025-03-05): Approve |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Primary | Refinance - Cash-out - Other | B | B | B | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 805 | (redacted) | 33653272 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Sufficient or excess cure was provided to the borrower at Closing, need COC for the same. | Reviewer Comment (2025-02-27): Sufficient Cure Provided At Closing |
02/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 806 | (redacted) | 33653274 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The subject property is located in a FEMA Disaster area. Require a post-disaster inspection verifying there was no damage to the subject property. | Reviewer Comment (2025-03-03): Appraisal report effective date is after disaster declaration date with no damages reported from disaster. |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 806 | (redacted) | 33653275 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | FACTA disclosure is not provided. | Buyer Comment (2025-03-05): Approve |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 806 | (redacted) | 33653277 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted] Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-02-27): Sufficient Cure Provided within [redacted]Days of Closing |
02/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 806 | (redacted) | 33653278 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Buyer Comment (2025-03-05): Approve |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 807 | (redacted) | 33653281 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank [redacted]): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | List of Homeownership Counseling Organizations is missing. | Reviewer Comment (2025-03-09): disclosure tracking provided, system cleared. Buyer Comment (2025-03-05): See disclosure tracking report including list of homeownership counseling organizations |
03/09/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NC | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 807 | (redacted) | 33653282 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Valid change of circumstance or sufficient cure is missing. | Reviewer Comment (2025-03-07): [redacted] received a valid COC. Buyer Comment (2025-03-06): [redacted] lock Buyer Comment (2025-03-06): coc for loan amount and rate change [redacted] reflecting in disc pt change |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 807 | (redacted) | 33653283 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. The appraisal fee increased to $[redacted] without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-11): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-03-10): cure processed at closing see page [redacted]lender credits |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 807 | (redacted) | 33653284 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-07): Sufficient Cure Provided At Closing |
03/07/2025 | 1 | A | A | A | A | A | NC | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 808 | (redacted) | 33653285 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Delivery of the CDA as there was a value difference is missing from the loan file. | Buyer Comment (2025-03-19): accept grade [redacted] Reviewer Comment (2025-03-14): Documentation provided reflects a delivery date of [redacted] which is prior to the CDA report date of [redacted]. Provide delivery of the CDA (there is value difference from the appraised value delivery is required within [redacted]business days prior to closing). Exception remains. Buyer Comment (2025-03-12): confirmation receipt of appraisal report Buyer Comment (2025-03-12): appraisal delivery to borrower uploaded |
03/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 808 | (redacted) | 33653287 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. A valid COC or cure was not provided. | Reviewer Comment (2025-03-27): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-03-25): cd at closing with credit for increased fees Buyer Comment (2025-03-25): pccd with cover letter Buyer Comment (2025-03-25): cure |
03/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 808 | (redacted) | 33653289 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has been self employed for < [redacted] years (Guidelines require a minimum of [redacted] years self employment, borrower has been self employed since [redacted]). | Borrower has verified disposable income of at least $[redacted]. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Residual income > $[readcted] Borrower's own funds used for down payment & closing (No gifts or DPA). |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-18): Lender Exception with Compensating Factors provided. Buyer Comment (2025-03-14): self-employment history under [redacted] years approved by [redacted] prior to closing Reviewer Comment (2025-02-28): Please provide additional compelling compensating factors for consideration of downgrading/waiving income exception. The loan file does not document prior employment before self employment for a full two year history. |
03/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 808 | (redacted) | 33653290 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Business has not been in existence for [redacted] years as required by guidelines. | Borrower has verified disposable income of at least $[redacted]. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Miscellaneous Miscellaneous |
Residual income > $[readcted] Borrower's own funds used for down payment & closing (No gifts or DPA). Prior homeownership Experience (No FC or SS) Multiple mortgages (2+) reported on credit seasoned [redacted]+ months 0X30. |
Originator,SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-03-22): Lender Exception with Compensating Factors. Buyer Comment (2025-03-19): post-consummate exception approval of less than [redacted]years existence for business Reviewer Comment (2025-03-18): Guidelines require [redacted]items: Borrowers must be self-employed for at least two ( [redacted]) years verified by two ( [redacted]) years of business licenses or a CPA letter and Business must be in existence for at least two ( [redacted]) years. Lender Exception only addresses Borrower self employment term, not term of business existence. Buyer Comment (2025-03-14): [redacted] approved length of self-employment history |
03/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 808 | (redacted) | 33653291 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The Borrower has not been self employed for two years and the business used for income qualification has not been in existence for [redacted] years as required by guidelines. | Reviewer Comment (2025-03-22): Lender Exception with Compensating Factors, system cleared Buyer Comment (2025-03-19): post-consummate exception approval of less than [redacted] years existence for business Reviewer Comment (2025-03-18): Guidelines require [redacted]items: Borrowers must be self-employed for at least two ( [redacted]) years verified by two ( [redacted]) years of business licenses or a CPA letter and Business must be in existence for at least two ( [redacted]) years. Lender Exception only addresses Borrower self employment term, not term of business existence. Buyer Comment (2025-03-14): [redacted] approved self-employment history less than [redacted]years |
03/22/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 808 | (redacted) | 33653292 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The Borrower has not been self employed for two years and the business used for income qualification has not been in existence for [redacted] years as required by guidelines. | Reviewer Comment (2025-03-22): Lender Exception with Compensating Factors, system cleared Buyer Comment (2025-03-19): post-consummate exception approval of less than [redacted]years existence for business Reviewer Comment (2025-03-18): Guidelines require [redacted]items: Borrowers must be self-employed for at least two ( [redacted]) years verified by two ( [redacted]) years of business licenses or a CPA letter and Business must be in existence for at least two ( [redacted]) years. Lender Exception only addresses Borrower self employment term, not term of business existence. Buyer Comment (2025-03-14): [redacted] approved s/e history less than [redacted]years |
03/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 808 | (redacted) | 33653293 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The Borrower has not been self employed for [redacted] years and the business used for income qualification has not been in existence for [redacted] years as required by guidelines. | Reviewer Comment (2025-03-22): Lender Exception with Compensating Factors, system cleared Buyer Comment (2025-03-19): post-consummate exception approval of less than [redacted] years existence for business Reviewer Comment (2025-03-18): Guidelines require [redacted]items: Borrowers must be self-employed for at least two ( [redacted]) years verified by two ( [redacted]) years of business licenses or a CPA letter and Business must be in existence for at least two ( [redacted]) years. Lender Exception only addresses Borrower self employment term, not term of business existence. Buyer Comment (2025-03-14): [redacted] approved exception for less than [redacted]years history s/e |
03/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 808 | (redacted) | 33653294 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The Borrower has not been self employed for two years and the business used for income qualification has not been in existence for [redacted] years as required by guidelines. | Reviewer Comment (2025-03-22): Lender Exception with Compensating Factors, system cleared Buyer Comment (2025-03-19): post-consummate exception approval of less than [redacted] years existence for business Reviewer Comment (2025-03-18): Guidelines require [redacted]items: Borrowers must be self-employed for at least two ( [redacted]) years verified by two ( [redacted]) years of business licenses or a CPA letter and Business must be in existence for at least two ( [redacted]) years. Lender Exception only addresses Borrower self employment term, not term of business existence. Buyer Comment (2025-03-14): [redacted] approved self-employment history less than [redacted]years |
03/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 809 | (redacted) | 33653296 | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | Appraisal was dated as of [redacted], however desk review states it's as of [redacted]. | Reviewer Comment (2025-03-11): UCDP score meets requirements Buyer Comment (2025-03-10): Could you please kindly review one more time this exception? A CDA or a [redacted]appraisal is not required in this file since the UCDP report shows a risk score report is [redacted] on scale [redacted]. PC uploaded to the original binder in error. see UCDP report attached. Reviewer Comment (2025-03-09): Provided appraisal has expired and a new report was performed by the appraiser with an updated effective date and value. Exception remains. Buyer Comment (2025-03-05): Please see original appraisal report matching CDA dates |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | A | A | C | B | C | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 809 | (redacted) | 33653297 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | No Documentation in the file to evidence borrower was provided with a copy of valuation [redacted] business days prior to consummation. | Reviewer Comment (2025-03-08): Documents received, system cleared. Buyer Comment (2025-03-05): Please see attached email from our Loan Processor that appraisal report dated [redacted] and [redacted] was delivered to our borrower via email. |
03/08/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Purchase | C | B | A | A | C | B | C | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 809 | (redacted) | 33653298 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | No Documentation in the file to evidence borrower was provided with a copy of valuation [redacted] business days prior to consummation. | Buyer Comment (2025-03-10): Accepted Reviewer Comment (2025-03-09): Delivery of the [redacted]not provided. Value was different than appraised value. Exception is an [redacted]which can be elected to waive. Buyer Comment (2025-03-05): Please see attached email from our Loan Processor that appraisal report dated [redacted] and [redacted] was delivered to our borrower via email. |
03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | A | A | C | B | C | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 809 | (redacted) | 33653302 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee increased on [redacted] Closing Disclosure with no valid change evident. | Reviewer Comment (2025-03-06): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-03-05): Please see PCCD and pymt history showing a cure for $[redacted] due to increase in the credit report |
03/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 809 | (redacted) | 33653303 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | The file is missing FACTA Disclosure | Buyer Comment (2025-03-05): Accepted |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | A | A | C | B | C | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 809 | (redacted) | 33653304 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Buyer Comment (2025-03-10): Accepted |
03/10/2025 | 2 | B | B | B | B | B | TX | Primary | Purchase | C | B | A | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 809 | (redacted) | 33653305 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted] Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-03-08): Sufficient Cure Provided within [redacted] Days of Closing |
03/08/2025 | 1 | A | A | A | A | A | TX | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 810 | (redacted) | 33653307 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank [redacted]): Safe Harbor requirements not satisfied. | Buyer Comment (2025-03-10): accept grade [redacted] |
03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 810 | (redacted) | 33653310 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. The credit report fee increased without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-17): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-03-14): pccd with cover letter Buyer Comment (2025-03-14): cure Reviewer Comment (2025-03-14): [redacted]: Cure documents received for different property. Provide updated document to reevaluate and re-baseline this exception. Buyer Comment (2025-03-13): disregard upload, wrong file Buyer Comment (2025-03-13): pccd with cover letter and pr uploaded Reviewer Comment (2025-03-07): [redacted] Received COC dated [redacted] stating Credit report soft pull fee has been added; however, it does not give sufficient information on why the soft pull fee was added. In order to determine if the changed circumstance is valid more information is necessary on reason fee increase/added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. |
03/17/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 810 | (redacted) | 33653311 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Reinspection Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Reinspection Fee. A Re-inspection Fee in the amount of $[redacted] was added without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-17): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-03-14): pccd with cover letter Buyer Comment (2025-03-14): cure Reviewer Comment (2025-03-07): [redacted] Received COC dated [redacted] for addition of Appraisal re-inspection fee; however, Appraisal re-inspection fee is not charged within [redacted] days of the Appraisal report [redacted]. Provide supporting documents when lender received the appraisal in order to verify timeline for addition of Appraisal re-inspection or provide Cure docs. Cure Docs consists of PCCD, LOE, Refund Check and Proof of Mailing. Buyer Comment (2025-03-06): borrower receipt of coc and cd with fee added Buyer Comment (2025-03-06): cd [redacted] and [redacted] supporting fee added due to receipt of subject to appraisal report. [redacted] required |
03/17/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 812 | (redacted) | 33653319 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Qualifying Ratios of [redacted] or less |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-03-03): Lender Exception with Compensating Factors. |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 813 | (redacted) | 33653324 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Tax certificate and Insurance verification is missing for REO properties. | Reviewer Comment (2025-03-06): REO documents provided. Buyer Comment (2025-03-05): [redacted] insurance Buyer Comment (2025-03-05): [redacted] realquest Buyer Comment (2025-03-05): updated 1008 Buyer Comment (2025-03-05): 1008 Buyer Comment (2025-03-05): reo documents for [redacted] Buyer Comment (2025-03-05): [redacted] documentation |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 813 | (redacted) | 33653326 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The [redacted] form was used, the [redacted] form should have been used. | Buyer Comment (2025-03-04): accept grade [redacted] |
03/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Rate/Term | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 813 | (redacted) | 33653328 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Tax certificate and Insurance verification is missing for REO properties. | Reviewer Comment (2025-03-06): REO docs provided, system cleared. Buyer Comment (2025-03-05): reo docs and 1008 uploaded |
03/06/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 813 | (redacted) | 33653329 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Tax certificate and Insurance verification is missing for REO properties. | Reviewer Comment (2025-03-06): REO docs provided, system cleared. Buyer Comment (2025-03-05): reo docs and updated 1008 uploaded |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 813 | (redacted) | 33653330 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Tax certificate and Insurance verification is missing for REO properties. | Reviewer Comment (2025-03-06): REO docs provided, system cleared. Buyer Comment (2025-03-05): 1008 Buyer Comment (2025-03-05): [redacted] reo docs |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 813 | (redacted) | 33653331 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Tax certificate and Insurance verification is missing for REO properties. | Reviewer Comment (2025-03-06): REO documents provided. Buyer Comment (2025-03-05): [redacted] realquest Buyer Comment (2025-03-05): [redacted] insurance Buyer Comment (2025-03-05): otis realquest Buyer Comment (2025-03-05): updated 1008 Buyer Comment (2025-03-05): reo docs [redacted] Buyer Comment (2025-03-05): [redacted] reo docs |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 814 | (redacted) | 33653334 | Compliance | Compliance | Federal Compliance | FACTA | Federal FACTA Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | Buyer Comment (2025-03-10): Approve |
03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 815 | (redacted) | 33653337 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Hazard Insurance Policy expires within [redacted] days of the Note Date. | The Hazard Insurance Policy expiration date is [redacted], this is less than [redacted] days from Note date. | Reviewer Comment (2025-03-14): Documents received, system cleared. Buyer Comment (2025-03-12): hazard policy dated thru [redacted] |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 815 | (redacted) | 33653342 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The CPA Letter was not dated. The Third Party Self-Employment Verification dated within [redacted] business days prior to the Note is missing from the loan file. | Reviewer Comment (2025-03-14): Documents received, system cleared. Buyer Comment (2025-03-14): please see email from cpa dated w/in [redacted] days of note Reviewer Comment (2025-03-13): CPA letter and Business entity listing received is not dated . We would require CPA letter or Business entity Verification dated within [redacted] business days prior to the Note. Exception remains Buyer Comment (2025-03-12): state website verification business is in good standing pulled at time of vvoe Buyer Comment (2025-03-12): VVOE dated w/in [redacted] days of Note uploaded |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 815 | (redacted) | 33653343 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The CPA Letter was not dated. The Third Party Self-Employment Verification dated within [redacted] business days prior to the Note is missing from the loan file. | Reviewer Comment (2025-03-14): Documents received, system cleared. Buyer Comment (2025-03-14): please see email sent from cpa dated w/in [redacted] days of Note Reviewer Comment (2025-03-13): CPA letter and Business entity listing received is not dated . We would require CPA letter or Business entity Verification dated within [redacted] business days prior to the Note. Exception remains Buyer Comment (2025-03-12): VVOE dated w/in [redacted] business days of Note and state website used for VVOE uploaded. |
03/14/2025 | 1 | B | A | C | A | B | A | C | A | B | A | MD | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 815 | (redacted) | 33653344 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The CPA Letter was not dated. The Third Party Self-Employment Verification dated within [redacted] business days prior to the Note is missing from the loan file. | Reviewer Comment (2025-03-14): Documents received, system cleared. Buyer Comment (2025-03-14): please see cpa letter emailed [redacted], within [redacted] days of note Reviewer Comment (2025-03-13): CPA letter and Business entity listing received is not dated . We would require CPA letter or Business entity Verification dated within [redacted] business days prior to the Note. Exception remains Buyer Comment (2025-03-12): VVOE dated w/in [redacted] days of Note and state website print out used to verify business is active |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 815 | (redacted) | 33653345 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The CPA Letter was not dated. The Third Party Self-Employment Verification dated within [redacted] business days prior to the Note is missing from the loan file. | Reviewer Comment (2025-03-14): Documents received, system cleared. Buyer Comment (2025-03-14): please see email from cpa delivered [redacted] within [redacted] days of Note Reviewer Comment (2025-03-13): CPA letter and Business entity listing received is not dated . We would require CPA letter or Business entity Verification dated within [redacted] business days prior to the Note. Exception remains Buyer Comment (2025-03-12): VVOE dated w/in [redacted] days of Note and state website printout used to verify business is active |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 815 | (redacted) | 33653346 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The originating lender listed on the Title is the same lender listed on the Note. The Right To Cancel form should have been completed on a [redacted]. | Reviewer Comment (2025-03-14): Documents received, system cleared. Buyer Comment (2025-03-12): please downgrade exception to level [redacted] since form was executed but wrong form selected |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 815 | (redacted) | 33653348 | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | - | CPA received is not dated | Reviewer Comment (2025-03-14): Documents received, system cleared. Buyer Comment (2025-03-14): please see email from cpa dated [redacted] dated w/in [redacted] days of Note |
03/14/2025 | 1 | A | A | A | A | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 816 | (redacted) | 33653352 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | Title-Deed Prep Fee was disclosed on initial Loan estimate as $[redacted] then redisclosed on Loan Estimate issued on [redacted] as $[redacted]. The loan file does not contain a valid COC for this fee, nor evidence of cure is provided in file. | Reviewer Comment (2025-03-26): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-03-25): pccd with cover letter Buyer Comment (2025-03-25): cure |
03/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WI | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 816 | (redacted) | 33653353 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to [redacted] business days from transaction date of [redacted]. | TIL expiration date [redacted] Disbursement date [redacted]. | Reviewer Comment (2025-03-25): CD issued on [redacted] was signed at closing [redacted] and contains accurate material disclosures required to meet rescission timing requirements. Buyer Comment (2025-03-21): please clarify timing condition. CD/Note/Right to cancel dated [redacted], right to cancel rescission date [redacted], loan disbursement date [redacted]. See signed CD and Right to cancel docs reuploaded Reviewer Comment (2025-03-18): Please provide Attestation/explanation for why another CD dated [redacted], the Note Date, was not used for the final CD. The [redacted] CD is considered the Closing CD as it was issued the same day as the Note, unless there was a reason not to use it. Please provide additional information on the CDs timing and use. Buyer Comment (2025-03-14): signed cd at consummation Reviewer Comment (2025-03-13): The final CD is not signed by borrower(s). [redacted] day mailbox rule applies reflecting transaction date of [redacted]. Buyer Comment (2025-03-11): rescission guideline provided supporting [redacted] days rescission period had expired prior to loan disbursement |
03/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WI | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 816 | (redacted) | 33653354 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | TIL expiration date [redacted] Disbursement date [redacted]. | Reviewer Comment (2025-03-25): CD issued on [redacted] was signed at closing [redacted] and contains accurate material disclosures required to meet rescission timing requirements. Buyer Comment (2025-03-21): please clarify timing condition. CD/Note/Right to cancel dated [redacted], right to cancel rescission date [redacted], loan disbursement date [redacted]. See signed CD and Right to cancel docs reuploaded Reviewer Comment (2025-03-18): Please provide Attestation/explanation for why another CD dated [redacted], the Note Date, was not used for the final CD. The [redacted]CD is considered the Closing CD as it was issued the same day as the Note, unless there was a reason not to use it. Please provide additional information on the CDs timing and use. Buyer Comment (2025-03-14): signed cd at consummation Reviewer Comment (2025-03-13): The final CD is not signed by borrower(s). [redacted] day mailbox rule applies reflecting transaction date of [redacted]. Buyer Comment (2025-03-11): rescission guideline provided supporting [redacted] days rescission period had expired prior to loan disbursement |
03/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WI | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 817 | (redacted) | 33653357 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | The Ten Percent Fee initial charge was $[redacted] and the final Post Closing CD reflects the Ten Percent Fees as $[redacted]. The Changed Circumstance provided does not contain evidence of the fees changed or the reason for increase. | Reviewer Comment (2025-03-26): [redacted] received Letter of Explanation, Payment History and Corrected CD. Buyer Comment (2025-03-25): cd at closing with credit applied for increased fees Buyer Comment (2025-03-25): pccd with cover letter Buyer Comment (2025-03-25): cure |
03/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 817 | (redacted) | 33653358 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Tolerance Cure was listed on the Post Closing CD within the loan file. | Reviewer Comment (2025-03-26): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-03-25): credit applied at closing for increased fees Buyer Comment (2025-03-25): pccd with cover letter Buyer Comment (2025-03-25): cure |
03/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MD | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 817 | (redacted) | 33653359 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to [redacted] business days from transaction date of [redacted]. | The Post Closing Disclosure reflects the disbursement date of [redacted]. The Right To Cancel date is [redacted]. | Reviewer Comment (2025-04-07): Closing Disclosure issued on [redacted] and signed at the [redacted] closing contained the accurate material disclosures required to meet rescission timing requirements. Buyer Comment (2025-04-03): attestation Reviewer Comment (2025-04-02): EMAIL sent to [redacted]: "In the past, [redacted] has provided an attestation/letter for any CD issued, on or after the closing date, which was not a closing CD and the purpose of the CD. Can you please provide that, so we have something in the file to go with the loan docs?" Buyer Comment (2025-03-25): [redacted] CD does not require signatures, CD was issued to balance closing with cash to close reduced due to decreased delinquent utility bill. See balance reported. Borrower signed CD with loan docs [redacted] Reviewer Comment (2025-03-22): Still missing signed CD with Date Issued of [redacted]. The additional CD provided has an issue date of [redacted] which we already have an executed copy of that CD. Buyer Comment (2025-03-19): [redacted] signed cd Reviewer Comment (2025-03-18): There is a CD dated [redacted] after the [redacted] CD in file that is not signed by the Borrowers. Buyer Comment (2025-03-14): signed cd at consummation Reviewer Comment (2025-03-13): Final CD was not signed by Borrowers [redacted] day mailbox rule applies (transaction date of [redacted]). Buyer Comment (2025-03-11): please see rescission timing guideline, Saturday is the last day for our transaction rescission, the following business day the loan can disburse which took place |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | B | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 817 | (redacted) | 33653360 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | The Post Closing Disclosure reflects the disbursement date of [redacted]. The Right To Cancel date is [redacted]. | Reviewer Comment (2025-04-07): Closing Disclosure issued on [redacted] and signed at the [redacted] closing contained the accurate material disclosures required to meet rescission timing requirements. Buyer Comment (2025-04-03): attestation Reviewer Comment (2025-04-02): EMAIL sent to [redacted]: "In the past, [redacted] has provided an attestation/letter for any CD issued, on or after the closing date, which was not a closing CD and the purpose of the CD. Can you please provide that, so we have something in the file to go with the loan docs?" Buyer Comment (2025-03-25): [redacted] CD does not require signatures, CD was issued to balance closing with cash to close reduced due to decreased delinquent utility bill. See balance reported. Borrower signed CD with loan docs [redacted] Reviewer Comment (2025-03-22): Still missing signed CD with Date Issued of [redacted]. The additional CD provided has an issue date of [redacted] which we already have an executed copy of that CD. Buyer Comment (2025-03-19): signed [redacted] cd Reviewer Comment (2025-03-18): There is a CD dated [redacted] after the [redacted] CD in file that is not signed by the Borrowers. Buyer Comment (2025-03-14): signed cd at consummation uploaded Reviewer Comment (2025-03-13): Final CD was not signed by Borrowers [redacted] day mailbox rule applies (transaction date of [redacted]). Buyer Comment (2025-03-11): please see rescission timing guideline, [redacted] is the last day for our transaction rescission, the following business day the loan can disburse which took place |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | B | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 817 | (redacted) | 33653361 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | The Non-medical Collection opened on [redacted] and has a balance of $[redacted] was not paid at closing. The Guidelines state less than [redacted] months with balance higher than $[redacted] must be paid. | Reviewer Comment (2025-03-13): Sufficient reserves for collection to be omitted, exception cleared. Buyer Comment (2025-03-11): uploaded program guideline which allows for collection to remain on credit if borrower has documented reserves to pay debt Buyer Comment (2025-03-11): Guideline allows for collection to remain unpaid if borrower documented sufficient reserves to pay debt |
03/13/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Refinance - Cash-out - Other | C | B | B | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 818 | (redacted) | 33653365 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient cure is required. | Reviewer Comment (2025-03-27): [redacted] Received Letter of Explanation and Corrected CD. Buyer Comment (2025-03-26): cure with pccd and cover letter |
03/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | DE | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 818 | (redacted) | 33653366 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient cure is required. | Reviewer Comment (2025-03-27): [redacted] Received Letter of Explanation and Corrected CD. Buyer Comment (2025-03-26): cure with pccd and cover letter |
03/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | DE | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 819 | (redacted) | 33653368 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-04-22): CDA provided, exception cleared. Buyer Comment (2025-04-18): CDA uploaded Reviewer Comment (2025-04-14): Guidelines require desk review to contain comparative sales data and photos. Exception remains. Buyer Comment (2025-04-10): updated appraisal review uploaded Reviewer Comment (2025-03-18): Guidelines require desk review to contain a value and comparative sales data. Buyer Comment (2025-03-14): desk review uploaded and was included in original loan file; see doc [redacted] and [redacted] Reviewer Comment (2025-03-11): Desk Review not provided. Exception Remains. Buyer Comment (2025-03-10): Desk review uploaded |
04/22/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | A | A | A | C | A | D | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 819 | (redacted) | 33653370 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Initial Loan Estimate does not reflect a Second Appraisal Fee. The Post Closing CD issued on [redacted] reflects the Second Appraisal fee of $[redacted]. The loan file does not contain a Changed Circumstance or tolerance cure for the additional fee. | Reviewer Comment (2025-04-03): [redacted] received COC dated [redacted] and UCDP dated [redacted] without scores. Buyer Comment (2025-04-02): UCDP with no score received [redacted], desk review added due to no score reporting Reviewer Comment (2025-04-01): [redacted] received COC dated [redacted]. but it does not give sufficient information on requirements of CDA review. Please provide additional information with supporting documentation of the reason for the CDA review and what information was received that required the addition of Review fee and when was that information received. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-03-28): coc uploaded disclosing desk review charge to borrower Reviewer Comment (2025-03-27): [redacted] received rebuttal that appraisal fee of $[redacted] was split on revised LE dated [redacted] but the amount after split into appraisal and second appraisal is $[redacted] while total amount on initial is $[redacted]. Please provide detailed LOE explaining what new information has received that required the amount to be split on revised LE with proper fee bifurcations or cure is required. Buyer Comment (2025-03-25): original fee disclosed on initial LE for appraisal report $[redacted], fee broken out at closing into [redacted] fees $[redacted] and $[redacted] less than original disclosed report fee of $[redacted] |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | A | A | A | C | A | D | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 819 | (redacted) | 33653371 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | The Initial Loan Estimate does not reflect an Appraisal Re-Inspection Fee. The Post Closing CD issued on [redacted] reflects the Appraisal Re-inspection fee of $[redacted]. The loan file does not contain a Changed Circumstance or tolerance cure for the additional fee. | Reviewer Comment (2025-03-27): [redacted] received COC dated [redacted]. Buyer Comment (2025-03-25): COC for repairs |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | A | A | A | C | A | D | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 820 | (redacted) | 33653377 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | The maximum DTI listed on the guidelines is [redacted]%. The Borrower's calculated DTI is [redacted]% | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. Miscellaneous Miscellaneous |
Borrower has verified disposable income of at least $[redacted]. Prior homeownership experience (No FC or Short Sale). Substantial cash reserves (> [redacted] months) |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-03-13): Lender Exception with Compensating Factors. Buyer Comment (2025-03-11): Please see attached Non-agency Loan Approval showing that file was approved for a UW exception for exceeding guidelines of DTI max allowed actual ratio [redacted]% Reviewer Comment (2025-03-07): Please provide additional compelling compensating factors for consideration of downgrading/waiving exception. |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 820 | (redacted) | 33653378 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The maximum DTI listed on the guidelines is [redacted]%. The Borrower's calculated DTI is [redacted]% | Reviewer Comment (2025-03-13): Lender Exception with Compensating Factors, system cleared Buyer Comment (2025-03-11): Please see attached Non-agency Loan Approval showing that file was approved for a UW exception for exceeding guidelines of DTI max allowed actual ratio [redacted]% Reviewer Comment (2025-03-07): Please provide additional compelling compensating factors for consideration of downgrading/waiving exception. |
03/13/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Debt Consolidation | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 820 | (redacted) | 33653379 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The maximum DTI listed on the guidelines is [redacted]%. The Borrower's calculated DTI is [redacted]% | Reviewer Comment (2025-03-13): Lender Exception with Compensating Factors, system cleared Buyer Comment (2025-03-11): Please see attached Non-agency Loan Approval showing that file was approved for a UW exception for exceeding guidelines of DTI max allowed actual ratio [redacted]% Reviewer Comment (2025-03-07): Please provide additional compelling compensating factors for consideration of downgrading/waiving exception. |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 820 | (redacted) | 33653380 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | The maximum DTI listed on the guidelines is [redacted]%. The Borrower's calculated DTI is [redacted]% | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. Miscellaneous Miscellaneous |
Borrower has verified disposable income of at least $[redacted]. Prior homeownership experience (No FC or Short Sale). Substantial cash reserves (> [redacted] months) |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-03-13): Lender Exception with Compensating Factors. Buyer Comment (2025-03-11): Please see attached Non-agency Loan Approval showing that file was approved for a UW exception for exceeding guidelines of DTI max allowed actual ratio [redacted]% Reviewer Comment (2025-03-07): Please provide additional compelling compensating factors for consideration of downgrading/waiving exception. |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 820 | (redacted) | 33653381 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | The maximum DTI listed on the guidelines is [redacted]%. The Borrower's calculated DTI is [redacted]% | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. Miscellaneous Miscellaneous |
Borrower has verified disposable income of at least $[redacted]. Prior homeownership experience (No FC or Short Sale). Substantial cash reserves (> [redacted] months) |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-03-13): Lender Exception with Compensating Factors. Buyer Comment (2025-03-11): Please see attached Non-agency Loan Approval showing that file was approved for a UW exception for exceeding guidelines of DTI max allowed actual ratio [redacted]% Reviewer Comment (2025-03-07): Please provide additional compelling compensating factors for consideration of downgrading/waiving exception. |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 821 | (redacted) | 33653383 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Evidence the Borrowers received a copy of the appraisal at least [redacted] business days prior to closing is missing from the loan file. | Reviewer Comment (2025-03-13): Delivery provided, system cleared. Buyer Comment (2025-03-12): Please see attached proof of appraisal been delivered to bwr on [redacted] |
03/13/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Home Improvement | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 821 | (redacted) | 33653384 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted]. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-03-13): Delivery provided, system cleared. |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Home Improvement | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 821 | (redacted) | 33653385 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Evidence the Borrowers received a copy of the appraisal at least [redacted] business days prior to closing is missing from the loan file. | Reviewer Comment (2025-03-13): Delivery provided, system cleared. Buyer Comment (2025-03-13): Could you please let us know kindly what are reasons that the previous proof of appraisal been delivered to the bwr was rejected? the form stated on the second paragraph stated that the appraisal was submitted to the bwr's email. Please see form again. Thank you Reviewer Comment (2025-03-13): Exception Remains - Required the proof of delivery for the appraisal report dated [redacted] within [redacted] days prior to closing. Buyer Comment (2025-03-12): Please see attached proof of appraisal been delivered to bwr on [redacted] |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Home Improvement | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 821 | (redacted) | 33653388 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | The Initial escrow account disclosure reflects the deposit for escrow is $[redacted]. The Post Closing CD issued on [redacted] reflects the deposit of $[redacted]. | Buyer Comment (2025-03-25): accept |
03/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Home Improvement | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 821 | (redacted) | 33653389 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (TX Home Equity Disclosure/Notice Concerning Extensions of Credit Not Provided) | [redacted] Constitution Section [redacted]: Missing Revised Notice Concerning Extensions of Credit disclosure, however file includes a signed acknowledgment stating that the owner(s) received the Notice at least [redacted] days prior to closing. | Reviewer Comment (2025-03-13): Disclosure provided, system cleared. Buyer Comment (2025-03-11): Please see attached Notice Concerning Extension of Credit. |
03/13/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Home Improvement | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 821 | (redacted) | 33653390 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted] Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-03-05): Sufficient Cure Provided within [redacted] Days of Closing |
03/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Home Improvement | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 821 | (redacted) | 33653391 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted] Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Document Preparation Fees. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-03-05): Sufficient Cure Provided within [redacted] Days of Closing |
03/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Home Improvement | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 822 | (redacted) | 33653393 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | The Rate Lock Confirmation is missing from the loan file. | Reviewer Comment (2025-03-13): Rate lock provided, system cleared. Buyer Comment (2025-03-11): Please see initial and final rate lock attached. |
03/13/2025 | 1 | B | A | B | A | B | A | B | A | B | A | HI | Primary | Refinance - Cash-out - Home Improvement | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 822 | (redacted) | 33653395 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed. | Reviewer Comment (2025-03-13): Exception cured prior to discovery. Buyer Comment (2025-03-12): Could you please review one more time this discrepancy? Our Compliance dept did not find any discrepancy in the financial charges since your Loan Summary Report and our Mavent matched the financial charges, also see PCCD which is matching too the financial charges, finally see attached documents and advise if you need any additional information. |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | HI | Primary | Refinance - Cash-out - Home Improvement | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 822 | (redacted) | 33653396 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). Title-Services Charges was not included. | Reviewer Comment (2025-03-13): Exception cured prior to discovery. Buyer Comment (2025-03-12): Could you please review one more time this discrepancy? Our Compliance dept did not find any discrepancy in the financial charges since your Loan Summary Report and our Mavent matched the financial charges, also see PCCD which is matching too the financial charges, finally see attached documents and advise if you need any additional information. |
03/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | HI | Primary | Refinance - Cash-out - Home Improvement | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 822 | (redacted) | 33653397 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted] exceeds tolerance of $-[redacted]. Insufficient or no cure was provided to the borrower. | The Loan Estimate reflects a Lender Credit of $[redacted]. The Initial Closing Disclosure issued on [redacted] removes the Lender Credit. The Loan file does not contain evidence of the Changed Circumstance for reason the credit was removed. | Reviewer Comment (2025-03-11): [redacted] Received Rate lock document. Buyer Comment (2025-03-11): Lender credit was applied to file due to rate lock reflected on CD on dated [redacted]. Please see attached documents |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Primary | Refinance - Cash-out - Home Improvement | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 822 | (redacted) | 33653398 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Guidelines require the Borrower to qualify with the payments made on all mortgages. The mortgage for the Borrower is paid by another party. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The refinance has decreased the borrower's monthly debt payments by [redacted]% or more. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Residual income > $[readcted] Low default risk with substantial equity, LTV [redacted]% lower than matrix. Excellent credit management with FICO [redacted]+. Prior homeownership experience (No FC or Short Sale). |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-03-07): Lender exception with compensating factors. |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | HI | Primary | Refinance - Cash-out - Home Improvement | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 822 | (redacted) | 33653399 | Credit | Loan Package Documentation | Closing / Title | Title | Final Title Policy is missing. No evidence of title was found in file. | Missing preliminary title to reflect vesting at origination and current liens attached to the property. | Buyer Comment (2025-03-26): accepted Reviewer Comment (2025-03-13): Please provide preliminary title as transaction is a refinance to verify ownership at origination and liens attached to the property. Buyer Comment (2025-03-11): Please see Final Title Policy Insurance attached |
03/26/2025 | 1 | B | B | B | B | B | B | B | B | B | B | HI | Primary | Refinance - Cash-out - Home Improvement | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 822 | (redacted) | 33653400 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The tax returns in file reflect an additional REO ([redacted]) that was not disclosed on the final 1003. No documentation of property being sold in the loan file. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The refinance has decreased the borrower's monthly debt payments by [redacted]% or more. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Residual income > $[readcted] Low default risk with substantial equity, LTV [redacted]% lower than matrix. Excellent credit management with FICO [redacted]+. Prior homeownership experience (No FC or Short Sale). |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-04-07): Lender Exception with Compensating Factors. Buyer Comment (2025-04-02): Please see Loan approval which stated that an UW exception was approved due to allow exclusion of mortgage paid by another party (Guidelines required borrower qualify with payment on all mortgages) Reviewer Comment (2025-04-02): If the obligation does not belong to the borrower, supporting documentation is required. Obligations for this property involve principle, interest, taxes, insurance and HOAs. Provide evidence the borrower is not liable for each individual item. Buyer Comment (2025-03-31): Please see bank statement from bwr's family member that is making pymts to the mortgage company. Reviewer Comment (2025-03-24): Tax returns showed property as belonging to the borrower, with associated income and liabilities. Verification of real estate tax amount and verification there is no mortgage lien or hazard on the property required. Property deed dated prior to closing, reflecting the borrowers not on title, is acceptable to omit debt. Buyer Comment (2025-03-21): Could you please review kindly one more time or either escalate this discrepancy to you team lead or Spv? The LOE attached stated that bwr has been added the property located at [redacted] as REO property on his return taxes since his family members live at the subject and the amount claimed as rent has been used for a contribution. Please advise what additional information do you need in order to clear this exception. Thank you Reviewer Comment (2025-03-13): LOE received, property address listed on tax return is not listed as an REO with property charges included in DTI. Address reflected [redacted], borrowers' address is [redacted]. Buyer Comment (2025-03-12): Please see LOE from bwr in regard to rents received and listed on the tax return. property belongs to family members who live with borrowers and money received from rent is their family contribution for living expenses |
04/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | HI | Primary | Refinance - Cash-out - Home Improvement | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 823 | (redacted) | 33653402 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Hazard Insurance Policy expires within [redacted] days of the Note Date. | Hazard Insurance Policy expire on [redacted] updated policy required. | Reviewer Comment (2025-03-17): Updated declaration page provided. Buyer Comment (2025-03-13): declarations page effective [redacted] |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 823 | (redacted) | 33653403 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | The file is missing a copy Fraud Report. | Reviewer Comment (2025-03-11): Fraud report provided exception cleared. Buyer Comment (2025-03-10): fraud report |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 823 | (redacted) | 33653404 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | The file is missing FACTA Disclosure | Buyer Comment (2025-03-19): accept grade [redacted] Reviewer Comment (2025-03-14): Required FACTA Disclosure with credit scores. Exception remains. Buyer Comment (2025-03-13): facta disc |
03/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 823 | (redacted) | 33653406 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted]% tolerance was exceeded by $[redacted] due to Recording Fee. No valid COC provided, nor evidence of cure in file. | Reviewer Comment (2025-03-14): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-03-13): cd at closing with cure applied |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 823 | (redacted) | 33653407 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | No cure or changed circumstance provided for increase in credit report fee. | Reviewer Comment (2025-03-14): [redacted] received Letter of Explanation, Pay history and Corrected CD. Buyer Comment (2025-03-13): principal reduction Buyer Comment (2025-03-13): pccd with cover letter |
03/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 823 | (redacted) | 33653408 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted] Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-03-14): Sufficient Cure Provided within [redacted] Days of Closing |
03/14/2025 | 1 | A | A | A | A | A | NY | Primary | Refinance - Rate/Term | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 823 | (redacted) | 33653409 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted] Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-03-14): Sufficient Cure Provided within [redacted] Days of Closing |
03/14/2025 | 1 | A | A | A | A | A | NY | Primary | Refinance - Rate/Term | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 823 | (redacted) | 33653410 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Waive requirement for the required [redacted]nd appraisal (Guidelines require [redacted] appraisals to use current appraised value when property has been owned less than [redacted] months. | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Miscellaneous Miscellaneous Miscellaneous The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Lender Exception with Compensating Factors provided. Low housing ratio of [redacted]% or less Prior Homeownership Experience (No FC or Short Sale) Excellent Credit Management with FICO [redacted] Low default risk with equity, LTV [redacted]% lower than matrix |
Originator,SitusAMC SitusAMC Originator Originator Originator SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception with Compensating Factors provided. Buyer Comment (2025-06-11): non agency loan approval waiving [redacted]nd appraisal uploaded |
06/11/2025 | 2 | B | B | B | B | B | NY | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 824 | (redacted) | 33653413 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate | Reviewer Comment (2025-04-04): [redacted] received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2025-04-02): Please see PCCD, Check for $[redacted] and a proof of delivery via FedEx. Cure reflected a cure due to increase financial charges. Reviewer Comment (2025-03-27): [redacted] received rebuttal that PCCD shows discrepancy resolved by adding $[redacted] credit. However, the $[redacted] lender credit was provided at closing as a Lender Credit, not a Lender cure credit. The lender credit was first disclosed on the [redacted] initial CD when rate lock occurred and was not a cure credit for violation. Baseline was set with the $[redacted] Lender credit with the rate lock on [redacted]. This does not appear to be a finance charge underdisclosure violation cure credit. The Title-Title Services Fee of $[redacted] which appears to be the fee lender did not include in finance charge calculation was not disclosed until [redacted] CD which was after the initial [redacted] lender credit of $[redacted]. Cure with corrected CD, LOE to borrower, copy of cure refund for $[redacted] and proof of mailing. Buyer Comment (2025-03-26): Could you please review one more time this exception? The PCCD shows that the discrepancy was resolved by adding $[redacted] as lender credit by reducing the closing cost by the same amount. Please see PCCD attached. Reviewer Comment (2025-03-20): [redacted] received [redacted] PCCD, LOE to borrower and copy of compliance report. However, at closing the finance charge was disclosed at the lower $[redacted] vs the Corrected CD amount of $[redacted]. At closing the borrower was disclosed an underdisclosed Finance charge which requires cure of that amount to borrower. To cure, provide copy of cure refund for the total underdisclosure of $[redacted] and proof of mailing. Buyer Comment (2025-03-19): Please see PCCD, Mavent and LLS report attached showing that all financial charges are matching. |
04/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | AL | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 824 | (redacted) | 33653414 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of [redacted] is under disclosed by [redacted] compared to the calculated Finance Charge of [redacted] which exceeds the [redacted] threshold | Reviewer Comment (2025-04-04): [redacted] received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2025-04-02): Please see PCCD, Check for $[redacted] and a proof of delivery via FedEx. Cure reflected a cure due to increase financial charges. Reviewer Comment (2025-03-27): [redacted] received rebuttal that PCCD shows discrepancy resolved by adding $[redacted] credit. However, the $[redacted] lender credit was provided at closing as a Lender Credit, not a Lender cure credit. The lender credit was first disclosed on the [redacted] initial CD when rate lock occurred and was not a cure credit for violation. Baseline was set with the $[redacted] Lender credit with the rate lock on [redacted]. This does not appear to be a finance charge underdisclosure violation cure credit. The Title-Title Services Fee of $[redacted] which appears to be the fee lender did not include in finance charge calculation was not disclosed until [redacted] CD which was after the initial [redacted] lender credit of $[redacted]. Cure with corrected CD, LOE to borrower, copy of cure refund for $[redacted] and proof of mailing. Buyer Comment (2025-03-26): Could you please review one more time this exception? The PCCD shows that the discrepancy was resolved by adding $[redacted] as lender credit by reducing the closing cost by the same amount. Please see PCCD attached. Reviewer Comment (2025-03-20): [redacted] received [redacted] PCCD, LOE to borrower and copy of compliance report. However, at closing the finance charge was disclosed at the lower $[redacted] vs the Corrected CD amount of $[redacted]. At closing the borrower was disclosed an underdisclosed Finance charge which requires cure of that amount to borrower. To cure, provide copy of cure refund for the total underdisclosure of $[redacted] and proof of mailing. Buyer Comment (2025-03-19): Please see PCCD, Mavent and LLS report attached showing that all financial charges are matching. |
04/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | AL | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 824 | (redacted) | 33653416 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-27): [redacted] Received Letter of Explanation and Corrected CD Buyer Comment (2025-03-26): Please see PCCD & Pymt History showing a cure for $[redacted] due to increase in transfer tax |
03/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | AL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 825 | (redacted) | 33653417 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The guidelines do not allow for rural properties, the subject property is rural. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Residual income > $[readcted] Low default risk with substantial equity, LTV [redacted]% lower than matrix. Qualifying ratios of [redacted] or less. Excellent credit management with FICO [redacted]+. Prior homeownership experience (No FC or Short Sale) |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-03-14): Lender exception with compensating factors. |
03/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Second Home | Refinance - Cash-out - Home Improvement | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 825 | (redacted) | 33653420 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The VOE completed within [redacted] business days of closing is missing from the loan file. | Reviewer Comment (2025-03-31): Exception Cleared - Received VVOE within [redacted] business days of note date associated as third party verification and data updated as per provided document. Buyer Comment (2025-03-28): Please see VVOE attached completed by our Loan Processor also see screenshot showing that our LP called to the CPA [redacted] on [redacted] at [redacted] PM and verified that bwr's business still active. |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Second Home | Refinance - Cash-out - Home Improvement | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 825 | (redacted) | 33653421 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The VOE completed within [redacted] business days of closing is missing from the loan file. | Reviewer Comment (2025-03-31): Exception Cleared - Received VVOE within [redacted] business days of note date associated as third party verification and data updated as per provided document. Buyer Comment (2025-03-28): Please see VVOE attached completed by our Loan Processor also see screenshot showing that our LP called to the CPA [redacted] on [redacted] at [redacted] PM and verified that bwr's business still active. |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Second Home | Refinance - Cash-out - Home Improvement | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 825 | (redacted) | 33653422 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The VOE completed within [redacted] business days of closing is missing from the loan file. | Reviewer Comment (2025-03-31): Exception Cleared - Received VVOE within [redacted] business days of note date associated as third party verification and data updated as per provided document. Buyer Comment (2025-03-28): Please see VVOE attached completed by our Loan Processor also see screenshot showing that our LP called to the CPA [redacted] on [redacted] at [redacted] PM and verified that bwr's business still active. |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Second Home | Refinance - Cash-out - Home Improvement | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 825 | (redacted) | 33653423 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The VOE completed within [redacted] business days of closing is missing from the loan file. | Reviewer Comment (2025-03-31): Exception Cleared - Received VVOE within [redacted] business days of note date associated as third party verification and data updated as per provided document. Buyer Comment (2025-03-28): Please see VVOE attached completed by our Loan Processor also see screenshot showing that our LP called to the CPA [redacted] on [redacted] at [redacted]PM and verified that bwr's business still active. |
03/31/2025 | 1 | B | A | C | A | B | A | C | A | B | A | GA | Second Home | Refinance - Cash-out - Home Improvement | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 826 | (redacted) | 33653426 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | Acknowledgement of Appraisal not provided [redacted] days prior to closing | Reviewer Comment (2025-03-20): Documents received, system cleared. Buyer Comment (2025-03-18): Attached, delivered on [redacted]. |
03/20/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 826 | (redacted) | 33653428 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Reviewer Comment (2025-03-20): Documents received, system cleared. Buyer Comment (2025-03-18): This was provided with the initial disclosure package, see attached page [redacted] "HUD-Approved Homeownership Counseling Org List." |
03/20/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 826 | (redacted) | 33653429 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Exceeds tolerance. | Reviewer Comment (2025-04-07): [redacted] Received Letter of Explanation and Corrected CD. Buyer Comment (2025-04-04): Cure attached. |
04/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 826 | (redacted) | 33653430 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Notary Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Exceeds tolerance. | Reviewer Comment (2025-04-07): [redacted] Received Letter of Explanation and Corrected CD. Buyer Comment (2025-04-04): Cure attached. Reviewer Comment (2025-03-19): [redacted] would require $[redacted] for the fee increased. Kindly provide cure documents for the fee increased i .e. Post CD, LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-03-18): Notary fees were consistently disclosed at $[redacted] from initial loan estimate. Two separate $[redacted] notary fees were applied at closing. Appears cure would only be $[redacted]. Please confirm and cure will be requested. |
04/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 827 | (redacted) | 33653432 | Credit | Document Inventory | General | Missing Document | Evidence of Taxpayer Consent is Missing, and Taxpayer documentation is present. | Evidence of taxpayer document is missing in the file | Reviewer Comment (2025-03-20): Evidence of Taxpayer Consent document received and associated. Exception Cleared. Buyer Comment (2025-03-19): signed tax payer consent forms |
03/20/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | C | B | B | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 827 | (redacted) | 33653433 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $[redacted] on LE but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-04-03): [redacted] received PCCD, LOE and payment history for principal reduction of cure Buyer Comment (2025-04-02): cure with pccd and cover letter Reviewer Comment (2025-03-23): [redacted] received comment. However, the total cure required is $[redacted] (Credit report $[redacted] and [redacted]% percent $[redacted]) and the Final CD is reflecting cure of $[redacted] which is insufficient to cure both the exceptions. Ten percent calculations are as follows ([redacted] = [redacted] + [redacted] =[redacted], [redacted]- [redacted]= [redacted]) Therefore, Kindly provide additional cure of $[redacted] in order to cure the exception. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-03-21): cure originally processed exceeded amount required, please review for reconsideration. additional cure not needed, original cure is sufficient Reviewer Comment (2025-03-20): [redacted] received cure of $[redacted] on Final CD. However, the total cure required was $[redacted]. Kindly provide additional cure of $[redacted] in order to cure the exception along with cure documents. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-03-19): funding cd with lender credit applied for increased fees |
04/03/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 827 | (redacted) | 33653434 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $[redacted] on LE but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-04-03): [redacted] received PCCD, LOE and payment history for principal reduction of cure Buyer Comment (2025-04-02): cure with pccd and cover letter uploaded Reviewer Comment (2025-03-23): [redacted] received comment. However, the total cure required is $[redacted] (Credit report $[redacted]and [redacted]% percent $[redacted]) and the Final CD is reflecting cure of $[redacted] which is insufficient to cure both the exceptions. Credit report fee increased from $[redacted] to $[redacted]. Kindly provide additional cure of $[redacted] in order to cure the exception. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-03-21): cure originally processed exceeded amount required, please review for reconsideration. additional cure not needed, original cure is sufficient Reviewer Comment (2025-03-20): [redacted] received cure of $[redacted] on Final CD. However, the total cure required was $[redacted]. Kindly provide additional cure of $[redacted] in order to cure the exception along with cure documents. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-03-19): funding cd with credit for increased fees applied |
04/03/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 828 | (redacted) | 33653438 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. | File is missing evidence valuation was received by borrower at least [redacted] business days prior to closing. | Buyer Comment (2025-03-25): accept grade [redacted] Reviewer Comment (2025-03-21): Still missing borrower received appraisal [redacted] business days prior to consummation date which is [redacted]. The first appraisal delivery shows appraisal emailed to borrower on [redacted] but download date states N/A so based on US mailing the delivery date is [redacted] and the second appraisal delivery show appraisal emailed and downloaded by borrower on [redacted] which is [redacted] day after the consummation date. Buyer Comment (2025-03-19): appraisal receipt |
03/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | A | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 828 | (redacted) | 33653440 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-03): [redacted] received PCCD, LOE and payment history for principal reduction of cure Buyer Comment (2025-04-02): cure with pccd and cover letter uploaded Reviewer Comment (2025-03-20): [redacted] received COC dated [redacted] however the reason mentioned is not sufficient in order to clear the exception. Kindly provide additional information as to why the credit report fee increased on CD dated [redacted] or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-03-19): coc and credit report invoice uploaded |
04/03/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 828 | (redacted) | 33653441 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-13): Client elected to regrade |
06/13/2025 | 2 | B | B | B | B | B | FL | Primary | Purchase | C | B | A | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 830 | (redacted) | 33653448 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-04-03): Final title policy provided |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | IN | Primary | Purchase | D | B | C | A | D | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 830 | (redacted) | 33653449 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2025-04-03): Final title policy provided Buyer Comment (2025-04-01): title policy with insured amt supporting ln amt |
04/03/2025 | 1 | B | A | B | A | B | A | B | A | B | A | IN | Primary | Purchase | D | B | C | A | D | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 830 | (redacted) | 33653455 | Compliance | Compliance | Federal Compliance | Compliance | Closing Disclosure Estimated Values | Final Closing Disclosure used for fees provided on [redacted] contains estimated values that may not represent final terms or closing costs to the borrower. Estimated Closing Disclosure used for any applicable Federal, State or Local compliance testing. If documented evidence is provided that estimate was for repair/construction costs or tax/insurance escrows ONLY (no holdback service fees or other estimated fees), then Estimated Closing Disclosure exception may be cleared. | Final Closing Disclosure used for fees provided on [redacted] contains estimated values that may not represent final terms or closing costs to the borrower. | Reviewer Comment (2025-04-23): [redacted] received construction agreement, confirmed construction completion related and not fee related. Buyer Comment (2025-04-17): Bid and signed escrow holdback agreement Reviewer Comment (2025-04-03): The Escrow Holdback Agreement provided not executed at closing , missing the builder's contract, invoice, or bid from their landscape contractor. Buyer Comment (2025-04-01): escrow holdback for landscaping |
04/23/2025 | 1 | D | A | D | A | D | A | D | A | D | A | IN | Primary | Purchase | D | B | C | A | D | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 830 | (redacted) | 33653456 | Credit | TRID | General | TRID | Escrow holdbacks are present. | Escrow Holdback Amount: ___ | Per guides escrow holdbacks are ineligible. | Reviewer Comment (2025-04-23): [redacted] received construction agreement, confirmed construction completion related and not fee related. Buyer Comment (2025-04-17): bid and executed holdback agreement Reviewer Comment (2025-04-03): The Escrow Holdback Agreement provided not executed at closing , missing the builder's contract, invoice, or bid from their landscape contractor. Buyer Comment (2025-04-01): holdback guidelines uploaded confirming new construction landscaping allowed |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Purchase | D | B | C | A | D | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 830 | (redacted) | 33653457 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Credit report fee of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower at closing. No valid change of circumstance in file. | Reviewer Comment (2025-04-18): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-04-17): pccd with cover letter and pr applied Reviewer Comment (2025-04-03): [redacted] Yes, Kindly provide Cure Docs for additional cure of $[redacted]. Buyer Comment (2025-04-01): cure processed for additional credit report fee added to final CD. Remaining cure appears to be $[redacted], please confirm Buyer Comment (2025-04-01): please clarify cure amount, funder cd supports credit report fee of $[redacted], not $[redacted]. Required cure appears to be $[redacted], please confirm |
04/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IN | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | C | A | D | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 830 | (redacted) | 33653458 | Compliance | Compliance | Federal Compliance | TILA | ARM Disclosure Compliant Test | TIL variable rate disclosure: ARM loan program disclosure does not match terms of loan. | Reviewer Comment (2025-04-03): Cleared. Buyer Comment (2025-04-01): ARM disclosure delivered to borrower |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Purchase | No Defined Cure | D | B | C | A | D | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 832 | (redacted) | 33653466 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) | [redacted] Constitution Section [redacted]: Acceptable FNMA title insurance endorsements not obtained for home equity loan. Although the loan file contains the [redacted] Endorsement, there is no evidence the Title Policy includes the [redacted] endorsement. (The loan is a [redacted] Section [redacted] home equity loan.) | Reviewer Comment (2025-04-03): Final title policy provided Buyer Comment (2025-04-01): Please see Final Title Policy Insurance attached showing that [redacted] was obtained and added |
04/03/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 832 | (redacted) | 33653468 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-04-03): Final title policy provided |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 833 | (redacted) | 33653473 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Document Preparation Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | [redacted] Percent Fee Tolerance exceeded for Title - Document Preparation Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. No valid Change of circumstance provided, nor evidence of cure in file. | Reviewer Comment (2025-03-24): Sufficient Cure Provided At Closing |
03/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 833 | (redacted) | 33653474 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Reasonable third-party document not provided. Missing VVOE for [redacted]. | Reviewer Comment (2025-04-07): Exception cleared. Received VOE and updated correctly. Buyer Comment (2025-04-04): All exceptions addressed individually. |
04/07/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 833 | (redacted) | 33653475 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - W-2 | Ability to Repay (Dodd-Frank 2014): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. | Missing VVOE for [redacted]. | Reviewer Comment (2025-04-07): Exception cleared. Received VOE and updated correctly. Buyer Comment (2025-04-04): VVOE and third party verification uploaded. |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 833 | (redacted) | 33653476 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Missing VVOE for [redacted]. | Reviewer Comment (2025-04-07): Exception cleared. Received VOE and updated correctly. |
04/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 833 | (redacted) | 33653477 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | Missing VVOE for [redacted]. | Reviewer Comment (2025-04-07): Exception cleared. Received VOE and updated correctly. Buyer Comment (2025-04-04): VVOE and third party verification uploaded. |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 833 | (redacted) | 33653478 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | Reviewer Comment (2025-04-07): Installment account SST is less than [redacted] payments and VVOE received. Exception cleared Buyer Comment (2025-04-04): Credit supplement reflecting SST Installment debt for co-borrower has less than [redacted] payments and is excluded from DTI. Reviewer Comment (2025-03-31): I have excluded the [redacted] additional debts being paid off on the final CD and included the PITIA payment for REO located at [redacted] since it has not been sold yet and my income matches the 1008. Not sure what additional debt you are excluding to qualify as the 1008 states $[redacted] total monthly expenses and we have $[redacted]. |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 833 | (redacted) | 33653479 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | I have excluded the [redacted] additional debts being paid off on the final CD and included the PITIA payment for REO located at [redacted] since it has not been sold yet and my income matches the [redacted]. Not sure what additional debt you are excluding to qualify as the [redacted] states $[redacted] total monthly expenses and we have $[redacted]. | Reviewer Comment (2025-04-07): Installment account SST is less than [redacted] payments. Exception cleared Buyer Comment (2025-04-04): Credit supplement reflecting SST Installment debt for co-borrower has less than [redacted] payments and is excluded from DTI. |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 833 | (redacted) | 33653480 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Reviewer Comment (2025-04-07): Exception cleared. Received VOE and updated correctly. Buyer Comment (2025-04-04): All exceptions addressed individually. Reviewer Comment (2025-03-31): Missing VVOE for Debbie |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 833 | (redacted) | 33653481 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Debt ratio exceed [redacted]% and missing VVOE for [redacted]. | Reviewer Comment (2025-04-07): Installment account SST is less than [redacted] payments and VVOE received. Exception cleared Buyer Comment (2025-04-04): All exceptions addressed individually. |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 833 | (redacted) | 33653482 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Missing VVOE for [redacted] | Reviewer Comment (2025-04-07): Exception cleared. Received VOE and updated correctly. Buyer Comment (2025-04-04): VVOE and third party verification uploaded. |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 833 | (redacted) | 33653483 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | DTI exceed [redacted]% and missing VVOE for [redacted]. | Reviewer Comment (2025-04-07): Installment account SST is less than [redacted] payments and VVOE received. Exception cleared Buyer Comment (2025-04-04): All exceptions addressed individually. |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 836 | (redacted) | 33653493 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan). Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-24): Sufficient Cure Provided At Closing |
03/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NE | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 837 | (redacted) | 33653499 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-[redacted] exceeds tolerance of $-[redacted]. A valid COC or cure were not provided. | Reviewer Comment (2025-04-07): [redacted] Received Rate lock document along with supporting comments on the exception. Buyer Comment (2025-04-04): Please see CD dated [redacted] which shows that lender credit got increased to $[redacted] due to Rate Lock and Loan amount changed, these lender credits were applied to the closing cost, then the CD dated [redacted] got reduced to $[redacted] the reason why the lender credit decreased due to rate lock extension, loan amount changed, change in discount points and change in the credit interest. see attached documents which includes CD dated [redacted], valid COC, proof of delivery, CD dated [redacted], proof of delivery, valid COC and rate lock Reviewer Comment (2025-04-02): [redacted] received rebuttal and COC for [redacted], however lender credit again decreased on CD dated [redacted]. A valid Changed Circumstance or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-04-01): Please see LE dated [redacted], proof of delivery, valid COC and rate lock attached. Lender credits were applied to the file since was a rate lock and loan amount changed. |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 837 | (redacted) | 33653500 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] A valid COC or cure were not provided. | Reviewer Comment (2025-04-02): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception." Buyer Comment (2025-04-01): Please see Consummation CD showing a lender credit for $[redacted] due to increase in credit report fee increase |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 837 | (redacted) | 33653501 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-07): Sufficient Cure Provided At Closing |
04/07/2025 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 838 | (redacted) | 33653505 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | Total amount of $[redacted]exceeds ten percentage tolerance of $[redacted] Insufficient or no cure was provided to the borrower at closing. No valid COC in file. | Reviewer Comment (2025-04-09): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2025-04-08): Please see PCCD & Pymt history attached showing a cure for the total amount of $[redacted] including $[redacted] for increase in attorney fee and title abstract fee Reviewer Comment (2025-04-02): [redacted] received Changed Circumstance dated [redacted], but it does not give sufficient information on why the title fee was increased/added. In order to determine if the changed circumstance is valid more information is necessary on reason fee increased/added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-04-01): Please see initial CD dated [redacted], valid COC and proof of delivery. the increase in the title abstract/title search and attorney fee were requested by borrower |
04/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 838 | (redacted) | 33653506 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Abstract / Title Search. Fee Amount of $[redacted] exceeds tolerance of $[redacted] Insufficient or no cure was provided to the borrower. | Title - Abstract / Title Search fee amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower at closing. No valid COC in file. | Reviewer Comment (2025-04-09): [redacted] received PCCD, LOE and payment history for principal reduction of cure. Buyer Comment (2025-04-08): Please see PCCD & Pymt history attached showing a cure for the total amount of $[redacted] including $[redacted] for increase in attorney fee and title abstract fee Reviewer Comment (2025-04-02): [redacted] received Changed Circumstance dated [redacted], but it does not give sufficient information on why the title fee was increased/added. In order to determine if the changed circumstance is valid more information is necessary on reason fee increased/added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-04-01): Please see initial CD dated [redacted], valid COC and proof of delivery. the increase in the title abstract/title search and attorney fee were requested by borrower |
04/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 839 | (redacted) | 33653508 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [redacted]/Declarations: F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? reflects Yes. Missing documented and/or does not meet guideline requirements. | - | Reviewer Comment (2025-04-02): Received updated 1003 for co-borrower, Exception cleared. Buyer Comment (2025-04-01): Please see correct initial and final 1003 and attestation letter attached. the final and initial URLA had a typography system issue caused that both applications were print out with the incorrect answer from our co-borrower. |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 840 | (redacted) | 33653511 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US [redacted] Status not provided | File is missing verification borrower is a permanent resident alien as reflected on [redacted] | Reviewer Comment (2025-04-09): ITIN documentation provided exception cleared. Buyer Comment (2025-04-07): Please see attached documents which includes final and initial 1003 showing a correction on the citizen status for our borrower and attestation letter explaining that correct citizen status as non-permanent resident alien. the mistake occurred because due to a typography error. Reviewer Comment (2025-04-01): Required Permanent resident alien card to clear the exception. Exception remains. Buyer Comment (2025-03-31): please see again the full documents attached. Buyer Comment (2025-03-31): see documents Buyer Comment (2025-03-31): Please see attached driver license, approved application for ITIN # and accepted electronic filing taxes with the bwr's ITIN #. Guidelines for this program allows these documents as proof of residency. |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 840 | (redacted) | 33653514 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee Amount of $[redacted] exceeds tolerance of $[redacted] without a valid COC. Insufficient or no cure was provided to the borrower | Reviewer Comment (2025-04-02): [redacted] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-03-31): Please see PCCD & Pymt history showing a cure for $[redacted] due to increase in credit report fee more than enough to cure increase in the fee |
04/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 840 | (redacted) | 33653515 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted]f)([redacted]) Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-04-02): Sufficient Cure Provided within [redacted] Days of Closing |
04/02/2025 | 1 | A | A | A | A | A | NY | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 841 | (redacted) | 33653516 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-04-08): Title final received and updated .Exception cleared |
04/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 841 | (redacted) | 33653517 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-04-08): Title final received and updated .Exception cleared Buyer Comment (2025-04-07): Please see final Title policy insurance attached showing amount of insurance of $[redacted] |
04/08/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 841 | (redacted) | 33653519 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - [redacted](f)([redacted]) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] Sufficient or excess cure was provided to the borrower. | Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-03-24): Sufficient Cure Provided within [redacted] Days of Closing |
03/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | B | A | B | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 842 | (redacted) | 33653521 | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title policy amount is missing. | Reviewer Comment (2025-04-13): Title provided with correct coverage. Buyer Comment (2025-04-10): title policy with insured amount uploaded |
04/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 842 | (redacted) | 33653522 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | [redacted] Months Bank Statement are missing for[redacted][redacted][redacted]; Period[redacted] and [redacted]. | Reviewer Comment (2025-04-14): Statements provided, system cleared. Buyer Comment (2025-04-10): [redacted] and [redacted] Chase statements uploaded |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 842 | (redacted) | 33653523 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | [redacted]Months Bank Statement are missing for[redacted] [redacted][redacted]; Period [redacted]and [redacted] | Reviewer Comment (2025-04-14): Statements provided, system cleared. Buyer Comment (2025-04-10): [redacted] statements uploaded Buyer Comment (2025-04-10): [redacted] and [redacted] statements uploaded |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 842 | (redacted) | 33653525 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Due to missing[redacted]moths bank statements are missing. | Reviewer Comment (2025-04-14): Statements provided, system cleared. Buyer Comment (2025-04-10): [redacted] statements uploaded |
04/14/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 842 | (redacted) | 33653527 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | [redacted]Months Bank Statement are missing for [redacted] [redacted][redacted] Period [redacted] - [redacted] and [redacted] - [redacted]. | Reviewer Comment (2025-04-14): Statements provided, system cleared. Buyer Comment (2025-04-10): [redacted] and [redacted]Chase statements uploaded Buyer Comment (2025-04-10): [redacted] statements uploaded |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 842 | (redacted) | 33653528 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted]is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated[redacted]). | The calculated amount financed charge $[redacted] Final Closing disclosure $[redacted] a different of $[redacted]. | Reviewer Comment (2025-04-23): [redacted] received PCCD, LOE, Copy of Refund Check, Re-opening of Rescission and Proof of Receipt. Buyer Comment (2025-04-23): nortc cover letter and fedex slip Buyer Comment (2025-04-23): signed nortc Buyer Comment (2025-04-22): pccd with cover letter, check for cure and fedex label uploaded Reviewer Comment (2025-04-14): Title sales tax not imposed on creditor excluded from finance charge calculation. Amount remaining to cure: $[redacted]. Please provide LOE, PCCD, re-opened rescission and proof of delivery. Transaction date must remain the same as loan transaction date and right to cancel expiration must be at least[redacted] business days after new signature/delivery date. Reviewer Comment (2025-04-14): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $ [redacted] is over disclosed by $ [redacted] compared to the calculated Amount Financed of $ [redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). (Final/ [redacted]) Buyer Comment (2025-04-11): Please verify fee tolerance, appears we over-disclosed $ [redacted], the title services sales tax is not a finance charge. Please confirm correct amount for cure after your review |
04/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Refinance - Rate/Term | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 842 | (redacted) | 33653529 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted]disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | The calculated amount financed charge $[redacted]. Final Closing disclosure $[redacted] a different of $[redacted] | Reviewer Comment (2025-04-23): [redacted] received PCCD, LOE, Copy of Refund Check, Re-opening of Rescission and Proof of Receipt. Buyer Comment (2025-04-23): nortc cover letter and fedex slip Buyer Comment (2025-04-23): updated nortc Buyer Comment (2025-04-22): pccd with cover letter, cure check and fedex label Reviewer Comment (2025-04-14): Title sales tax not imposed on creditor excluded from finance charge calculation. Amount remaining to cure: $[redacted]. Please provide LOE, copy of refund check, PCCD, re-opened rescission and proof of delivery. Transaction date must remain the same as loan transaction date and right to cancel expiration must be at least [redacted] business days after new signature/delivery date. Reviewer Comment (2025-04-14): EXCEPTION HISTORY - Exception Detail was updated on[redacted] PRIOR Exception Detail: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[redacted]disclosed an inaccurate Finance Charge on page[redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated[redacted]). (Final/[redacted]) Buyer Comment (2025-04-11): Please verify fee tolerance, appears we under-disclosed $[redacted], the title services sales tax is not a finance charge. Please confirm correct amount for cure after your review |
04/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Refinance - Rate/Term | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 842 | (redacted) | 33653530 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Lender Credits Fee was disclosed as -$[redacted]0 on initial LE but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-04-17): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-04-16): signed cd with credit applied Reviewer Comment (2025-04-14): [redacted] received rebuttal stating cure provided at closing. However, the file contains CD dated [redacted] with cure of $[redacted] which is unsigned therefore we cannot consider this CD as final. If the cure of $[redacted] was provided at closing then we would require True and Certified Final SS along with detail LOX to verify whether the cure was provided at closing. Buyer Comment (2025-04-11): cure applied at closing |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 842 | (redacted) | 33653531 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus[redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | Recording Fee was added on closing disclosure issued [redacted], change of circumstance stated loan amount changed, however that would not effect recording fee. | Reviewer Comment (2025-04-17): [redacted] received detail Letter of Explanation and Copy of Refund Check. Reviewer Comment (2025-04-15): [redacted] received LOE and copy of cancelled check, however we also required corrected PCCD with cure amount. Please provide PCCD to cure the exception. Buyer Comment (2025-04-14): copy of cancelled check issued by title for recording fees Reviewer Comment (2025-04-14): [redacted] received LOX and Copy of refund check. However, we would also require Post CD along with proof of mailing in order to cure the exception. Buyer Comment (2025-04-11): cure applied at closing Buyer Comment (2025-04-11): Please see partial recording fee refund. Please review and confirm remaining cure amount required |
04/17/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 842 | (redacted) | 33653532 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $[redacted] on Loan Estimate but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a valid Change of circumstance for this fee, No cure provided at closing. | Reviewer Comment (2025-04-17): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-04-16): signed cd with cure applied Reviewer Comment (2025-04-14): [redacted] received rebuttal stating cure provided at closing. However, the file contains CD dated [redacted]with cure of $vwhich is unsigned therefore we cannot consider this CD as final. If the cure of $[redacted]was provided at closing then we would require True and Certified Final SS along with detail LOX to verify whether the cure was provided at closing. Buyer Comment (2025-04-11): cure applied at closing |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 842 | (redacted) | 33653533 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Guideline requirement not met due to missing [redacted] month bank statements are missing; Therefore ATR risk failed. | Reviewer Comment (2025-04-14): Statements provided, system cleared. Buyer Comment (2025-04-10): [redacted] and[redacted] statements uploaded |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 842 | (redacted) | 33653534 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | [redacted]Months Bank Statement are missing for [redacted] [redacted][redacted] Period [redacted] - [redacted] and [redacted] - [redacted]. | Reviewer Comment (2025-04-14): Statements provided, system cleared. Buyer Comment (2025-04-10): [redacted] and[redacted] statements uploaded |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 843 | (redacted) | 33653536 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Coverage shortfall of $[redacted] | Reviewer Comment (2025-04-01): Dwelling and other structures amount covers the loan amount which is sufficient for coverage amount. Exception cleared Buyer Comment (2025-03-31): Could you please see guidelines and Hazard policy insurance attached. Per guidelines the minimum Hazard Insurance coverage amount could you be bass loan amount. The Policy shows as a Dwelling amount id $[redacted]plus other structures of $[redacted]plus replacement cost of loss of use for $[redacted] total hazard coverage is $[redacted] vs Loan amount $[redacted] more than enough sufficient coverage. |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 843 | (redacted) | 33653539 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted] plus[redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | Ten Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-07): [redacted] received attestation suffice. Buyer Comment (2025-04-03): Could you please review one more time or either escalate this discrepancy to your supervisor or team lead? We received an email from our LP stating that fee just changed name when was transfer to the Closing disclosure. if you need an attestation letter more than welcome to provide it. see email attached from the Loan Processor. Reviewer Comment (2025-04-02): [redacted] On Initial LE fee is reflecting as Land Survey and later on CD reflects Title - Survey. Kindly provide Valid COC for addition of Title Survey fee on Initial CD dated [redacted]5 or provide Cure Docs for $[redacted]. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-03-31): Could you please review this exception? per initial LE attached we disclosed on the initial LE dated [redacted] under section C a Land Survey for $[redacted]see attached initial LE |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 844 | (redacted) | 33653543 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Residual Income greater than $[readcted]. Low default risk with substantial equity, LTV [redacted]% lower than matrix Qualifying Ratios of [redacted] or less Prior Homeownership Experience (No FC or Short Sale) |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-10): Lender Exception with Compensating Factors provided. |
06/10/2025 | 2 | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | A | B | A | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| (redacted) | 845 | (redacted) | 33653545 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final [redacted] | Reviewer Comment (2025-04-03): Cleared. Buyer Comment (2025-04-02): Complete final [redacted]uploaded. Reviewer Comment (2025-04-02): Provided initial package final[redacted] page[redacted]is required to clear this condition. - Exception Remains. Buyer Comment (2025-04-01): Please see image D0[redacted], final [redacted]included with initial package. |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 845 | (redacted) | 33653548 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | CPA letter or two [redacted] years of business licenses required | Reviewer Comment (2025-04-03): Cleared. Buyer Comment (2025-04-02): VVOE and third party verification uploaded. Reviewer Comment (2025-04-02): Received document confirms ownership % of borrower but it's not within [redacted] Business Day of closing. We would require CPA or Third-party document which confirm verification of business existence and borrower ownership % within [redacted] Business days of closing. Exception remains. Buyer Comment (2025-04-01): Business license uploaded reflecting business open for more than [redacted] years. |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 845 | (redacted) | 33653549 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Reviewer Comment (2025-04-03): Cleared. Buyer Comment (2025-04-01): Please refer to image D[redacted], page [redacted] the page [redacted]for image D[redacted]page [redacted]reflects the disclosure included with the initial disclosure package. |
04/03/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 845 | (redacted) | 33653550 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Final Loan Application) | [redacted] Constitution Section [redacted](a)([redacted]): No evidence the borrower(s) received a copy of the final loan application at or prior to closing. | Reviewer Comment (2025-04-03): Cleared. Buyer Comment (2025-04-01): Evidence borrower received itemization [redacted] business day PTC. |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 845 | (redacted) | 33653551 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | CPA letter or two([redacted]) years of business licenses required | Reviewer Comment (2025-04-03): Cleared. Buyer Comment (2025-04-02): VVOE and third party verification uploaded. Reviewer Comment (2025-04-02): Received document confirms ownership % of borrower but it's not within [redacted] Business Day of closing. We would require CPA or Third-party document which confirm verification of business existence and borrower ownership % within [redacted] Business days of closing. Exception remains. Buyer Comment (2025-04-01): Business license uploaded reflected open for over[redacted] years. |
04/03/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 845 | (redacted) | 33653552 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current employment status using reasonably reliable third-party records. | CPA letter or two [redacted] years of business licenses required | Reviewer Comment (2025-04-03): Cleared. Buyer Comment (2025-04-02): VVOE and third party verification uploaded. Reviewer Comment (2025-04-02): Received document confirms ownership % of borrower but it's not within [redacted] Business Day of closing. We would require CPA or Third-party document which confirm verification of business existence and borrower ownership % within [redacted] Business days of closing. Exception remains. Buyer Comment (2025-04-01): Business license uploaded reflected open for over [redacted] years. |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 845 | (redacted) | 33653553 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | CPA letter or two([redacted]) years of business licenses required | Reviewer Comment (2025-04-03): Cleared. Reviewer Comment (2025-04-02): Received document confirms ownership % of borrower but it's not within[redacted] Business Day of closing. We would require CPA or Third-party document which confirm verification of business existence and borrower ownership % within [redacted] Business days of closing. Exception remains. |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 845 | (redacted) | 33653554 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three ([redacted]) business days prior to closing. | Closing Disclosure not signed and no evidence provided to Borrower(s) at least three ([redacted] business days prior to closing. | Reviewer Comment (2025-04-02): [redacted] received[redacted] CD[redacted] business days prior to consummation. Buyer Comment (2025-04-01): Please refer to image D[redacted]page [redacted] reflecting initial CD viewed by borrower [redacted]. |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | No Defined Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 845 | (redacted) | 33653555 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least four [redacted]business days prior to closing. | Loan Estimate provided on [redacted] is unsigned and no evidence received by borrower at least four ([redacted]) business days prior to closing. | Reviewer Comment (2025-04-03): [redacted] received proof of receipt. Buyer Comment (2025-04-01): Please refer to image D[redacted] page [redacted], initial LE viewed by borrower [redacted] |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | No Defined Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 845 | (redacted) | 33653556 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | CPA letter or two [redacted]) years of business licenses required | Reviewer Comment (2025-04-03): Cleared. Buyer Comment (2025-04-02): VVOE and third party verification uploaded. Reviewer Comment (2025-04-02): Received document confirms ownership % of borrower but it's not within [redacted] Business Day of closing. We would require CPA or Third-party document which confirm verification of business existence and borrower ownership % within [redacted]Business days of closing. Exception remains. Buyer Comment (2025-04-01): Business license uploaded reflecting business open for more than [redacted] years. |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 845 | (redacted) | 33653557 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | CPA letter or two ([redacted]) years of business licenses required | Reviewer Comment (2025-04-03): Cleared. Buyer Comment (2025-04-02): VVOE and third party verification uploaded. Reviewer Comment (2025-04-02): Received document confirms ownership % of borrower but it's not within [redacted] Business Day of closing. We would require CPA or Third-party document which confirm verification of business existence and borrower ownership % within [redacted]Business days of closing. Exception remains. Buyer Comment (2025-04-01): Business license uploaded reflected open for over [redacted] years. |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 845 | (redacted) | 33653558 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing CPA letter or third party verication to verify if business currently active, start date of business, evidence of Borrower self employed for at least [redacted] years and percentage of ownership. | Reviewer Comment (2025-04-03): Cleared. Buyer Comment (2025-04-02): VVOE and third party verification uploaded. Reviewer Comment (2025-04-02): Received document confirms ownership % of borrower but it's not within [redacted] Business Day of closing. We would require CPA or Third-party document which confirm verification of business existence and borrower ownership % within [redacted] Business days of closing. Exception remains. Buyer Comment (2025-04-01): Business license uploaded reflecting business open for more than[redacted] years. |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 845 | (redacted) | 33653559 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2025-04-03): Cleared. |
04/03/2025 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 845 | (redacted) | 33653560 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | Unable to determine Homeownership Counseling List was provided due to missing information. | List date not provided. | Reviewer Comment (2025-04-08): Document provided and system cleared. Buyer Comment (2025-04-04): Disclosure uploaded. |
04/08/2025 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 846 | (redacted) | 33653565 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Itemization of Points and Fees Not Provided At Least 1 Business Day Prior to Closing - No Waiver) | [redacted] Constitution Section [redacted](a)([redacted]): Final itemized disclosure of fees, points, costs and charges not provided to borrower at least one ([redacted]) business day prior to closing without a waiver. | Final itemized disclosure of fees, points, costs and charges not provided to borrower at least one ([redacted]) business day prior to closing without a waiver. | Reviewer Comment (2025-04-14): CD provided and received by Borrower at least [redacted]day prior to close, system cleared. Buyer Comment (2025-04-10): CD signed [redacted] day prior to closing |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 847 | (redacted) | 33653567 | Compliance | Compliance | Federal Compliance | TRID Defect | TILA-RESPA Integrated Disclosure: application date on or after 10/3/2015, no Loan Estimates in the Loan File | TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s). The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing. Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[redacted]may be required. | Loan Estimate missing on file | Reviewer Comment (2025-04-16): [redacted] received LE. Buyer Comment (2025-04-14): Attached. |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | No Defined Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 847 | (redacted) | 33653569 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Coverage amount not provided. | Reviewer Comment (2025-04-20): Escrow instructions provided, exception cleared Buyer Comment (2025-04-16): Attached. Reviewer Comment (2025-04-15): Escrow instructions is required exception remains. Buyer Comment (2025-04-14): Attached is final agreement, coverage is equal to loan amount. |
04/20/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 847 | (redacted) | 33653570 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The Subject property is located in a FEMA Disaster area . A post-Disaster inspection verifying there was no damage to the subject property required | Reviewer Comment (2025-04-24): PDI provided, exception cleared. Buyer Comment (2025-04-21): Attached. No damage. Reviewer Comment (2025-04-15): Disaster end date is[redacted] so please provide post disaster inspection report after disaster end date, Exception remains. Buyer Comment (2025-04-14): The appraisal is completed [redacted], which is after the disaster declaration date. The new AMC policy communicated [redacted] suggests this should be acceptable and reduced to EV[redacted]. |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 847 | (redacted) | 33653571 | Compliance | Compliance | Federal Compliance | TRID | ECOA Appraisal Disclosure - ECOA Status | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. | Right to receive a copy of the Appraisal Disclosure is missing on file | Reviewer Comment (2025-04-16): [redacted] received LE. Buyer Comment (2025-04-14): Is this a waterfall of finding [redacted]? |
04/16/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | Good faith redisclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 847 | (redacted) | 33653572 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | No evidence that borrower received a copy of appraisal at least [redacted] business days to closing. | Buyer Comment (2025-04-14): Concur, however prior appraisal was provided. |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 847 | (redacted) | 33653573 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted]% or Final Disclosure APR of v% is equal to or greater than the threshold of APOR v% + [redacted]%, or[redacted]%. | Reviewer Comment (2025-04-25): Delivery of report provided on [redacted], system cleared. Buyer Comment (2025-04-25): See finding [redacted] Reviewer Comment (2025-04-24): Loan is a higher priced mortgage. HPML requires delivery of appraisal to borrower [redacted] business days prior to closing. Most recent report is dated [redacted] that loan file does not document delivery to the borrower. Buyer Comment (2025-04-21): This should be downgraded to EV[redacted], as the value did not change after the [redacted]appraisal. The EV[redacted] was accepted. Reviewer Comment (2025-04-17): Delivery and receipt of report dated [redacted] in file. Delivery of report dated [redacted]not in file. Exception remains. Buyer Comment (2025-04-14): See original appraisal attached to[redacted]. Value was not changed after this. Evidence of receipt is already in Acuity. |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 847 | (redacted) | 33653574 | Compliance | Compliance | Federal Compliance | TRID | TIL HPML Appraisal Disclosure - HPML Status | HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. | Right to receive a copy of the Appraisal Disclosure missing from file. | Reviewer Comment (2025-04-16): [redacted] received LE. Buyer Comment (2025-04-14): Original completion date was [redacted]and this copy was sent to the borrower. Later updates did not change valuation. Please downgrade to EV[redacted]. |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Good faith redisclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 847 | (redacted) | 33653575 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted] business days prior to consummation. | No evidence that borrower received a copy of appraisal at least [redacted] business days to closing. | Reviewer Comment (2025-04-25): Delivery of report provided on [redacted], system cleared. Buyer Comment (2025-04-25): Attached evidence of post-close delivery of update. Update did not affect valuation, therefore finding should be EV[redacted] (which has already been accepted). Reviewer Comment (2025-04-24): Loan is a higher priced mortgage. HPML requires delivery of appraisal to borrower [redacted] business days prior to closing. Most recent report is dated [redacted] that loan file does not document delivery to the borrower. Buyer Comment (2025-04-21): This should be downgraded to EV[redacted], as the value did not change after the [redacted]appraisal. The EV[redacted]was accepted. Reviewer Comment (2025-04-17): Delivery and receipt of report dated [redacted]in file. Delivery of report dated [redacted] not in file. Exception remains. Buyer Comment (2025-04-16): This appears to be a waterfall finding of [redacted]. Please clear. Buyer Comment (2025-04-14): See original appraisal attached to[redacted]. Value was not changed after this. Evidence of receipt is already in Acuity. |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 847 | (redacted) | 33653577 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-[redacted]/Final Closing Disclosure. | Initial escrow account statement does not match charges on Final CD. | Buyer Comment (2025-04-21): . Reviewer Comment (2025-04-17): Most recent CD dated [redacted] does not match figures on the disclosure. Exception is an EV[redacted] and can be elected to waive. Buyer Comment (2025-04-14): Please see attached. |
04/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 847 | (redacted) | 33653578 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at close. | Reviewer Comment (2025-04-16): Sufficient Cure Provided At Closing |
04/16/2025 | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 847 | (redacted) | 33653580 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2025-04-25): Lender elects to waive. |
04/25/2025 | 2 | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 848 | (redacted) | 33653585 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | Ten Percent Fee Tolerance exceeded. Total amount of $v exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-22): [redacted]received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-04-21): Cure complete, please see attached. Reviewer Comment (2025-04-15): [redacted]received rebuttal. We agree with the calculation, and we would require additional cure of $[redacted]in order to cure the exception. Kindly provide cure for $[redacted]along with cure documents ie. Post CD,LOX,Copy of refund check and proof of mailing, Buyer Comment (2025-04-15): Reviewing fees, although it's possible the Recording Fee would increase with loan amount that does not appear to be the case here. However, noted that [redacted] included a $[redacted] "Title / Abstract Search Fee" which does not appear to be present on the closing disclosures. The closing disclosures do show a $[redacted] Archive Fee, and the initial LE showed a $[redacted] "Title - Document Storage Archive Copies" fee disclosed. This would bring total [redacted]% fees to $[redacted], with tolerance $[redacted], resulting in $[redacted]total cure (including $[redacted]credit report fee in section A). After applying credit for cure already completed at closing of $[redacted], remaining cure would be $[redacted]. Please confirm AMC agrees with this calculation and then cure will be processed. Reviewer Comment (2025-04-14): [redacted]received rebuttal comment. The loan amount increase can affect lenders title insurance and same fee was adjusted; however, more information is required on other title fees that are increased due to increase in loan amount. Please provide additional information and specific fee names that are increased due to increase in loan amount or cure is required. Buyer Comment (2025-04-11): All of the varying fees were changed with the[redacted]CD which was also changed the loan amount from $[redacted] to $[redacted]. This is a legitimate change of circumstance for several of the fees, such as lender's title insurance. Please apply this adjustment and additionally note CMS cured $[redacted]at consummation, advise if any further cure is needed. |
04/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 848 | (redacted) | 33653586 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-22): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-04-21): Please see cure attached to finding [redacted]. Reviewer Comment (2025-04-15): [redacted]received rebuttal. We agree with the calculation, and we would require additional cure of $[redacted]in order to cure the exception. Kindly provide cure for $[redacted]along with cure documents ie. Post CD,LOX,Copy of refund check and proof of mailing, Buyer Comment (2025-04-15): Reviewing fees, although it's possible the Recording Fee would increase with loan amount that does not appear to be the case here. However, noted that [redacted]included a $[redacted]"Title / Abstract Search Fee" which does not appear to be present on the closing disclosures. The closing disclosures do show a $[redacted]Archive Fee, and the initial LE showed a $[redacted] "Title - Document Storage Archive Copies" fee disclosed. This would bring total [redacted]% fees to $[redacted], with tolerance $[redacted], resulting in $[redacted]total cure (including $[redacted]credit report fee in section A). After applying credit for cure already completed at closing of $[redacted], remaining cure would be $[redacted]. Please confirm [redacted]agrees with this calculation and then cure will be processed. Reviewer Comment (2025-04-14): [redacted]received rebuttal. However, final CD shows credit report fee of $[redacted]under section A (Origination Charges) is changed to borrower. The fee was added on CD dated [redacted] and no COC in file describing the changes made for Credit Report fee. Please provide information as to what changed circumstance occurred (as defined under [redacted](e)([redacted])(A)-(F) that resulted in an increase in closing costs or cure is required. Buyer Comment (2025-04-11): Requesting clarification, as there is no credit report fee for $[redacted]on the consummation or funder CDs. There is only one credit report fee for $[redacted], which is lower than the initially disclosed fee of $[redacted]. |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 849 | (redacted) | 33653588 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2025-04-13): Appraisal delivery provided, exception cleared. Buyer Comment (2025-04-10): Please see attached proof of appraisal been delivered to our borrower on [redacted] |
04/13/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 849 | (redacted) | 33653590 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | No cure and no valid COC provided. | Reviewer Comment (2025-04-21): [redacted]received PCCD, Letter of Explanation and Payment history for the evidence of Principal Reduction resulting in a cured the exception. Buyer Comment (2025-04-18): Please see PCCD and a cure for increase in credit report re-issue fee attached. |
04/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 851 | (redacted) | 33653597 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | [redacted]% tolerance was exceeded by $[redacted]due to increase of recording fee, Title - Endorsement Fee, Title - Attorney's Fee, Title - Lender's Title Insurance, Title - Abstract / Title Search. No valid COC provided, no evidence of cure in file. | Reviewer Comment (2025-04-22): [redacted]Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-04-22): corrected cd with cover letter Reviewer Comment (2025-04-18): [redacted]received PCCD, LOE and payment history, however cure provided at PCCD is $[redacted]and payment history showing cure of $[redacted]. Please provide corrected PCCD. Buyer Comment (2025-04-17): pccd with cover letter and pr applied |
04/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TN | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 851 | (redacted) | 33653598 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan). Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Flood Certification (Life of Loan) was last disclosed as $[redacted] on Loan Estimate but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-04-22): [redacted]Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-04-22): corrected pccd with cover letter Reviewer Comment (2025-04-18): [redacted]received PCCD, LOE and payment history, however cure provided at PCCD is $[redacted]and payment history showing cure of $[redacted]. Please provide corrected PCCD. Buyer Comment (2025-04-17): pccd with cover letter and pr applied |
04/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TN | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 851 | (redacted) | 33653599 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan). Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Tax Service Fee (Life of Loan) was last disclosed as $[redacted] on Loan Estimate but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a valid Changed Circumstance for this fee, no evidence of cure in file. | Reviewer Comment (2025-04-22): [redacted]Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-04-22): corrected pccd with cover letter Reviewer Comment (2025-04-18): [redacted]received PCCD, LOE and payment history, however cure provided at PCCD is $[redacted]and payment history showing cure of $[redacted]. Please provide corrected PCCD. Buyer Comment (2025-04-17): pccd with cover letter and pr applied |
04/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TN | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 852 | (redacted) | 33653602 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Reviewer Comment (2025-05-06): Cleared. Buyer Comment (2025-05-02): Please see documents attached that includes YTD amount paid to mortgage company. and check book indicating how much the bwr is paying for property in property taxes and hazard insurance. Escrow acct is included into the monthly pymt. |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Purchase | C | A | C | A | C | A | A | A | Non QM | N/A | No | |||||||||||
| (redacted) | 852 | (redacted) | 33653603 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Missing tax and insurance verifications for #[redacted]property. | Reviewer Comment (2025-05-06): Cleared. Buyer Comment (2025-05-02): Please see documents attached that includes YTD amount paid to mortgage company. and check book indicating how much the bwr is paying for property in property taxes and hazard insurance. Escrow acct is included into the monthly pymt. |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Purchase | C | A | C | A | C | A | A | A | Non QM | N/A | No | |||||||||||
| (redacted) | 852 | (redacted) | 33653604 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Missing tax and insurance verifications for #[redacted] property. | Reviewer Comment (2025-05-06): Cleared. Buyer Comment (2025-05-02): Please see documents attached that includes YTD amount paid to mortgage company. and check book indicating how much the bwr is paying for property in property taxes and hazard insurance. Escrow acct is included into the monthly pymt. |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Purchase | C | A | C | A | C | A | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 852 | (redacted) | 33653605 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to missing tax and insurance verifications for #[redacted]property. | Reviewer Comment (2025-05-06): Cleared. Buyer Comment (2025-05-02): Please see documents attached that includes YTD amount paid to mortgage company. and check book indicating how much the bwr is paying for property in property taxes and hazard insurance. Escrow acct is included into the monthly pymt. |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Purchase | C | A | C | A | C | A | A | A | Non QM | N/A | No | ||||||||||
| (redacted) | 853 | (redacted) | 33653608 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of $[redacted] Insufficient or no cure was provided to the borrower. | Transfer Tax was last disclosed as $[redacted] on Loan Estimate but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-17): System cleared. Reviewer Comment (2025-04-15): [redacted]received corrected PCCD and LOE with $[redacted]principal reduction as cure but missing payment history to verify the reduction. Please provide payment history to cure this exception. Buyer Comment (2025-04-11): pccd with cover letter |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Limited Cash-out GSE | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 853 | (redacted) | 33653609 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Updated UW worksheet with [redacted] account balance updated to [redacted] balance. | Reviewer Comment (2025-04-17): Updated UW income analysis worksheet provided Buyer Comment (2025-04-14): updated income calculation worksheet uploaded |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Limited Cash-out GSE | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 853 | (redacted) | 33653610 | Compliance | Compliance | Federal Compliance | TRID | TRID Post Close Closing Disclosure Evidence Principal Reduction Applied to Loan | Unable to determine if evidence was provided showing that the principal reduction was applied to the loan due to missing information. | Reviewer Comment (2025-04-23): [redacted]received proof of principal reduction on cure Buyer Comment (2025-04-22): principal reduction applied |
04/23/2025 | 1 | A | A | A | A | A | FL | Primary | Refinance - Limited Cash-out GSE | Informational / non-material exception indicating principal reduction reflected on a PCCD twas applied to cure TRID fee tolerance violation(s). | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| (redacted) | 853 | (redacted) | 33653611 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted](f)([redacted]) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-04-17): Sufficient Cure Provided within [redacted] Days of Closing |
04/17/2025 | 1 | A | A | A | A | A | FL | Primary | Refinance - Limited Cash-out GSE | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 854 | (redacted) | 33653612 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three business days prior to consummation. | Buyer Comment (2025-04-17): accept grade[redacted] Reviewer Comment (2025-04-15): Received delivery of [redacted]report. Exception is for prior report dated [redacted]as evidence of delivery [redacted] business days prior to closing not in file. Exception is an EV[redacted]and can be elected to waive. Buyer Comment (2025-04-11): Appraisal viewed by borrower |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 854 | (redacted) | 33653616 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) | [redacted] Constitution Section[redacted](a)([redacted]): Acceptable FNMA title insurance endorsements not obtained for home equity loan. Although the loan file contains the T-[redacted]Endorsement, there is no evidence the Title Policy includes the [redacted] T-[redacted]endorsement. (The loan is a [redacted] Section[redacted] (a)([redacted] home equity loan.) | There is no evidence the Title Policy includes the [redacted] T-[redacted] endorsement | Reviewer Comment (2025-04-15): Closing instructions provided reflecting endorsements. Buyer Comment (2025-04-11): closing instructions with T[redacted] endorsement included |
04/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Home Improvement | The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||
| (redacted) | 854 | (redacted) | 33653617 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Insufficient or no cure was provided to the borrower for Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted] exceeds tolerance of $-[redacted] | Reviewer Comment (2025-04-18): [redacted]Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-04-17): pccd with cover letter and pr applied |
04/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Home Improvement | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 854 | (redacted) | 33653618 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Reinspection Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Insufficient or no cure was provided to the borrower for Zero Percent Fee Tolerance exceeded for Reinspection Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] | Reviewer Comment (2025-04-18): [redacted]Received Corrected PCCD, LOE and Payment history. Buyer Comment (2025-04-17): pccd with cover letter and pr applied |
04/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Home Improvement | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 854 | (redacted) | 33653620 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form [redacted]/[redacted] was not provided. | - | Reviewer Comment (2025-04-14): Form [redacted]D/[redacted] provided. Exception cleared Buyer Comment (2025-04-11): [redacted]d repairs |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 854 | (redacted) | 33653621 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | The loan file does not contain a CPA and/or a cash flow analysis for the use of business funds for closing reflecting the use of these funds will not have a negative impact to the Business. | Reviewer Comment (2025-04-21): [redacted] provided removing assets, system cleared. Buyer Comment (2025-04-17): [redacted] with assets removed as they are not needed for subject transaction Reviewer Comment (2025-04-15): Final [redacted] reflects business account used for transaction. Exception remains. Buyer Comment (2025-04-11): cash out proceeds permitted for reserves Buyer Comment (2025-04-11): Subject transaction is a cash out, business assets were only utilized for income not for funds to close, no use of business funds have been utilized for subject transaction |
04/21/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Home Improvement | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 854 | (redacted) | 33653622 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The loan file does not contain a CPA and/or a cash flow analysis for the use of business funds for closing reflecting the use of these funds will not have a negative impact to the Business. | Reviewer Comment (2025-04-21): [redacted]provided removing assets, system cleared. Buyer Comment (2025-04-17): [redacted]with assets removed as they are not needed for subject transaction Reviewer Comment (2025-04-15): Final [redacted]reflects business account used for transaction. Exception remains. Buyer Comment (2025-04-11): cash out proceeds permitted for reserves Buyer Comment (2025-04-11): Subject transaction is a cash out, business assets were only utilized for income not for funds to close, no use of business funds have been utilized for subject transaction |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 854 | (redacted) | 33653623 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The loan file does not contain a CPA and/or a cash flow analysis for the use of business funds for closing reflecting the use of these funds will not have a negative impact to the Business. | Reviewer Comment (2025-04-21): [redacted]provided removing assets, system cleared. Buyer Comment (2025-04-17): [redacted]with assets removed as they are not needed for subject transaction Reviewer Comment (2025-04-15): Final [redacted]reflects business account used for transaction. Exception remains. Buyer Comment (2025-04-11): cash out proceeds permitted for reserves Buyer Comment (2025-04-11): Subject transaction is a cash out, business assets were only utilized for income not for funds to close, no use of business funds have been utilized for subject transaction |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 854 | (redacted) | 33653624 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | The loan file does not contain a CPA and/or a cash flow analysis for the use of business funds for closing reflecting the use of these funds will not have a negative impact to the Business. | Reviewer Comment (2025-04-21): [redacted]provided removing assets, exception cleared. Buyer Comment (2025-04-17): [redacted]with assets removed as they are not needed for subject transaction Reviewer Comment (2025-04-15): Final [redacted]reflects business account used for transaction. Exception remains. Buyer Comment (2025-04-11): cash out proceeds permitted for reserves Buyer Comment (2025-04-11): Subject transaction is a cash out, business assets were only utilized for income not for funds to close, no use of business funds have been utilized for subject transaction |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 855 | (redacted) | 33653626 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-04-21): E consent provided, exception cleared. Buyer Comment (2025-04-17): Econsent Uploaded |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 855 | (redacted) | 33653629 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | No documentation in the file to evidence borrower was provided with a copy of valuation three ([redacted]) business days prior to consummation. | Reviewer Comment (2025-04-25): Lender elects to waive. Buyer Comment (2025-04-23): Most recent appraisal sent to borrower post-close, email evidence uploaded. Please downgrade the remaining exceptions and waive. Reviewer Comment (2025-04-22): Appraisal report and delivery of report on[redacted]provided. Most recent report is dated [redacted]please provide delivery of this report to borrower [redacted] business days prior to closing. Buyer Comment (2025-04-18): Initial appraisal dated[redacted] provided along with evidence that the appraisal was delivered at least[redacted] business days prior to consummation uploaded. Buyer Comment (2025-04-18): Initial appraisal dated [redacted] provided along with evidence that the appraisal was delivered at least [redacted] business days prior to consummation uploaded. |
04/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 855 | (redacted) | 33653630 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of[redacted]% or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-04-25): Delivery provided, system cleared. Buyer Comment (2025-04-23): Most recent appraisal sent to borrower post-close, email evidence uploaded. Please downgrade the remaining exceptions and waive. Reviewer Comment (2025-04-22): Appraisal report and delivery of report on [redacted] provided. Most recent report is dated [redacted] please provide delivery of this report to borrower [redacted]business days prior to closing. Buyer Comment (2025-04-18): Initial appraisal dated[redacted] provided along with evidence that the appraisal was delivered at least [redacted] business days prior to consummation uploaded. |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 855 | (redacted) | 33653631 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | No documentation in the file to evidence borrower was provided with a copy of valuation three ([redacted]) business days prior to consummation. | Reviewer Comment (2025-04-25): Delivery provided, system cleared. Buyer Comment (2025-04-23): Most recent appraisal sent to borrower post-close, email evidence uploaded. Please downgrade the remaining exceptions and waive. Reviewer Comment (2025-04-22): Appraisal report and delivery of report on [redacted]provided. Most recent report is dated [redacted]please provide delivery of this report to borrower [redacted] business days prior to closing. Buyer Comment (2025-04-18): Initial appraisal dated [redacted] provided along with evidence that the appraisal was delivered at least [redacted]business days prior to consummation uploaded. |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 855 | (redacted) | 33653633 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant three ([redacted]) business days prior to consummation. | Reviewer Comment (2025-04-25): Lender elects to waive. |
04/25/2025 | 2 | B | B | B | B | B | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| (redacted) | 856 | (redacted) | 33653636 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-15): [redacted] received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-04-14): PC CD and payment history show cure Buyer Comment (2025-04-14): Payment history and PC CD uploaded |
04/15/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 856 | (redacted) | 33653637 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure -[redacted](f)([redacted]) Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-04-15): Sufficient Cure Provided within [redacted]Days of Closing |
04/15/2025 | 1 | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 860 | (redacted) | 33653647 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | Missing appraisal transfer letter. | Reviewer Comment (2025-06-12): Client elects to waive per call. Buyer Comment (2025-06-11): NAQ Approval Summary uploaded with approved exception for appraisal not being in the name of lender with the following compensating factors: Residual income greater than $[redacted], Excellent credit management with FICO [redacted]+, Qualifying ratios of [redacted] or less, and low default risk with equity, LTV [redacted]% lower than matrix. Reviewer Comment (2025-06-10): Provided updated Lender Exception. Buyer Comment (2025-04-25): Unable to retrieve letter from appraisal company Reviewer Comment (2025-04-24): Appraisal management policies and procedures require an appraisal transfer letter, exception remains. Buyer Comment (2025-04-21): Previous lender refused to cooperate and provide transfer letter, attached in the acknowledgement of the borrower that the lender is [redacted] Mortgage Services |
06/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | B | C | A | B | B | Non QM | Non QM | No | ||||||||||
| (redacted) | 860 | (redacted) | 33653648 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | No documentation in the file to evidence borrower was provided with a copy of valuation three ([redacted]) business days prior to consummation. | Reviewer Comment (2025-04-24): Appraisal delivery provided, system cleared. Buyer Comment (2025-04-21): Conversation log showing copy of appraisal email delivery on [redacted] Reviewer Comment (2025-04-21): Appraisal/Valuation Acknowledgement provided states ([redacted]) borrower received appraisal and ([redacted]) they waived their right to receive appraisal report. Document is invalid to use for appraisal receipt. Buyer Comment (2025-04-17): Borrower acknowledgement of receipt of valuation within [redacted]business days |
04/24/2025 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Purchase | C | B | C | B | C | A | B | B | Non QM | Non QM | No | ||||||||||
| (redacted) | 860 | (redacted) | 33653649 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2025-05-01): Reserve requirement met with additional POC, exception cleared. Buyer Comment (2025-04-29): HOI credit card payment confirmation provided D[redacted](pg [redacted]) for $[redacted] Appraisal credit card payment confirmation for $[redacted]provided D[redacted] (pg[redacted]). This totals $[redacted]that can be removed from the total POC which was listed as $[redacted]on the CD. Therefore, since $[redacted]was confirmed paid via credit card, only $[redacted]remains in the POC portion of the calculation. Reviewer Comment (2025-04-29): Supporting documentation for POC for $[redacted]and $[redacted]not provided. Buyer Comment (2025-04-25): $[redacted](CTC)+$[redacted](EMD)+$[redacted](gift)+$[redacted](remaining POC)= [redacted]- $[redacted]verified assets = $[redacted]/ $[redacted]= [redacted]months. Reviewer Comment (2025-04-24): Added POC and brought reserves to [redacted], exception remains as [redacted] months reserves required. Buyer Comment (2025-04-21): Appraisal invoice, HOI invoice attached, removing POC from calculation. Additionally, guideline attached showing that when the donor brings check directly to closing agent, only documentation required is a copy of the check, previously uploaded. Reviewer Comment (2025-04-21): Cash to close + EMD + POCs + Gift funds = [redacted]- Verified assets $[redacted]= [redacted]. Reserves = [redacted]. Reviewer Comment (2025-04-17): Required Source of fund and deposit receipt for gift funds of $[redacted] to clear the exception. Exception Remains. Buyer Comment (2025-04-15): With gift factored into cash to close requirements, borrower's Chase account holding $[redacted]minus cash to close on final settlement statement of $[redacted]equals $[redacted]/ $[redacted]equals [redacted]months. |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | A | B | B | Non QM | Non QM | No | ||||||||||||
| (redacted) | 860 | (redacted) | 33653650 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Missing donor's withdrawl slip and deposit receipt to verify gift funds.Insufficient reserves. | Reviewer Comment (2025-05-01): Reserve requirement met with additional POC, system cleared. Buyer Comment (2025-04-29): HOI credit card payment confirmation provided D[redacted] (pg [redacted]) for $[redacted]. Appraisal credit card payment confirmation for $[redacted]provided D[redacted] (pg[redacted]). This totals $[redacted]that can be removed from the total POC which was listed as $[redacted]on the CD. Therefore, since $[redacted]was confirmed paid via credit card, only $[redacted]remains in the POC portion of the calculation. Reviewer Comment (2025-04-29): Supporting documentation for POC for $[redacted]and $[redacted]not provided. Buyer Comment (2025-04-25): $[redacted](CTC)+$[redacted](EMD)+$[redacted](gift)+$[redacted](remaining POC)= [redacted]- $[redacted]verified assets = $[redacted] / $[redacted]= [redacted]months. Reviewer Comment (2025-04-24): Gift fund receipt provided. Added POC and brought reserves to [redacted], exception remains as [redacted] months reserves required. Buyer Comment (2025-04-21): Appraisal invoice, HOI invoice attached, removing POC from calculation. Additionally, guideline attached showing that when the donor brings check directly to closing agent, only documentation required is a copy of the check, previously uploaded. Reviewer Comment (2025-04-21): Cash to close + EMD + POCs + Gift funds = [redacted]- Verified assets $[redacted]= [redacted]. Reserves = [redacted]. Exception remains. Receipt of gift funds received. Buyer Comment (2025-04-15): With gift factored into cash to close requirements, borrower's Chase account holding $[redacted]minus cash to close on final settlement statement of $[redacted]equals $[redacted]/ $[redacted]equals [redacted]months. Buyer Comment (2025-04-15): Attached shows checks from donor, also settlement statement (final) showing gift amount. |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | A | B | B | Non QM | Non QM | No | ||||||||||
| (redacted) | 860 | (redacted) | 33653651 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Missing donor's withdrawl slip and deposit receipt to verify gift funds.Insufficient reserves. | Reviewer Comment (2025-04-24): CD provided reflecting gift funds, exception cleared. Buyer Comment (2025-04-21): Appraisal invoice, HOI invoice attached, removing POC from calculation. Additionally, guideline attached showing that when the donor brings check directly to closing agent, only documentation required is a copy of the check, previously uploaded. Reviewer Comment (2025-04-17): Required Source of fund and deposit receipt for gift funds of $[redacted] to clear the exception. Exception Remains. Buyer Comment (2025-04-15): With gift factored into cash to close requirements, borrower's Chase account holding $[redacted]minus cash to close on final settlement statement of $[redacted]equals $[redacted]/ $[redacted]equals [redacted]months. |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | A | B | B | Non QM | Non QM | No | |||||||||||
| (redacted) | 860 | (redacted) | 33653652 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Missing donor's withdrawl slip and deposit receipt to verify gift funds.Insufficient reserves. | Reviewer Comment (2025-05-01): Reserve requirement met with additional POC, system cleared. Buyer Comment (2025-04-29): HOI credit card payment confirmation provided D[redacted] (pg [redacted]) for $[redacted]. Appraisal credit card payment confirmation for $[redacted]provided D[redacted](pg[redacted]). This totals $[redacted]that can be removed from the total POC which was listed as $[redacted]on the CD. Therefore, since $[redacted]was confirmed paid via credit card, only $[redacted]remains in the POC portion of the calculation. Reviewer Comment (2025-04-29): Supporting documentation for POC for $[redacted]and $[redacted]not provided. Buyer Comment (2025-04-25): $[redacted](CTC)+$[redacted](EMD)+$[redacted](gift)+$[redacted](remaining POC)= [redacted]- $[redacted]verified assets = $[redacted] / $[redacted]= [redacted]months. Reviewer Comment (2025-04-24): Gift fund receipt provided. Added POC and brought reserves to [redacted], exception remains as[redacted]months reserves required. Buyer Comment (2025-04-21): Appraisal invoice, HOI invoice attached, removing POC from calculation. Additionally, guideline attached showing that when the donor brings check directly to closing agent, only documentation required is a copy of the check, previously uploaded. Reviewer Comment (2025-04-21): Cash to close + EMD + POCs + Gift funds = [redacted],[redacted]- Verified assets $[redacted]= [redacted]. Reserves = [redacted]. Exception remains. Receipt of gift funds received. Buyer Comment (2025-04-15): With gift factored into cash to close requirements, borrower's Chase account holding $[redacted]minus cash to close on final settlement statement of $[redacted]equals $[redacted]/ $[redacted]equals [redacted]months. |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | B | C | A | B | B | Non QM | Non QM | No | ||||||||||
| (redacted) | 860 | (redacted) | 33653653 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Missing donor's withdrawl slip and deposit receipt to verify gift funds. | Reviewer Comment (2025-05-01): Reserve requirement met with additional POC, system cleared. Buyer Comment (2025-04-29): HOI credit card payment confirmation provided D[redacted] (pg [redacted]) for $[redacted]. Appraisal credit card payment confirmation for $[redacted]provided D[redacted](pg[redacted]). This totals $[redacted]that can be removed from the total POC which was listed as $[redacted] on the CD. Therefore, since $[redacted]was confirmed paid via credit card, only $[redacted]remains in the POC portion of the calculation. Reviewer Comment (2025-04-29): Supporting documentation for POC for $[redacted]and $[redacted]not provided. Buyer Comment (2025-04-25): $[redacted](CTC)+$[redacted](EMD)+$[redacted](gift)+$[redacted](remaining POC)= [redacted]- $[redacted]verified assets = $[redacted]/ $[redacted]= [redacted]months. Reviewer Comment (2025-04-24): Added POC and brought reserves to [redacted], exception remains as[redacted] months reserves required. Buyer Comment (2025-04-21): Appraisal invoice, HOI invoice attached, removing POC from calculation. Additionally, guideline attached showing that when the donor brings check directly to closing agent, only documentation required is a copy of the check, previously uploaded. Reviewer Comment (2025-04-21): Cash to close + EMD + POCs + Gift funds = [redacted]- Verified assets $[redacted]= [redacted]. Reserves = [redacted]. Exception remains. Receipt of gift funds received. Buyer Comment (2025-04-15): Proof of gift and final settlement statement |
05/01/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | B | B | Non QM | Non QM | Yes | |||||||||
| (redacted) | 860 | (redacted) | 33653654 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Visa classification C08 (Guideline: C08 is not allowed for Non Permanent Resident) | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
Lender Exception with Compensating Factors provided. Qualifying Ratios of [redacted] or less. Excellent Credit Management with FICO [redacted]+ Low default risk with substantial equity, LTV [redacted]% lower than matrix. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-12): Lender Exception with Compensating Factors provided. Buyer Comment (2025-06-11): NAQ Approval Summary uploaded with approved exception for visa classification with the following compensating factors: Residual income greater than $[redacted], Excellent credit management with FICO [redacted]+, Qualifying ratios of [redacted] or less, and low default risk with equity, LTV [redacted]% lower than matrix. |
06/12/2025 | 2 | B | B | B | B | B | NY | Primary | Purchase | C | B | C | B | C | A | B | B | Non QM | Non QM | No | |||||||||||||
| (redacted) | 861 | (redacted) | 33653656 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | No evidence that borrower received a copy of appraisal at least [redacted]business days to closing. | Buyer Comment (2025-04-14): approve |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 861 | (redacted) | 33653659 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower. | Total amount of $[redacted] exceeds tolerance of [redacted] plus [redacted]. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-04-24): [redacted]received PCCD, LOE and payment history for principal reduction of cure Buyer Comment (2025-04-22): Updated PC CD and cure check payment history uploaded |
04/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 861 | (redacted) | 33653660 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure - [redacted](f)([redacted]) Cure | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted]plus [redacted]% or $[redacted]. Sufficient or excess cure was provided to the borrower. | Sufficient cure provided at closing. | Reviewer Comment (2025-04-24): Sufficient Cure Provided within [redacted]Days of Closing |
04/24/2025 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| (redacted) | 862 | (redacted) | 33653663 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient by $[redacted]. Please provide hazard insurance with expended replacement cost or replacement cost estimator document. | Reviewer Comment (2025-04-17): Exception cleared - The Hazard Insurance coverage amount is covering loan amount. Buyer Comment (2025-04-17): Dwelling coverage of $[redacted] exceeds loan amount of $[redacted], coverage is sufficient. Reviewer Comment (2025-04-14): There is shortfall of $[redacted]after considering extended dwelling coverage. Please provide extended coverage to cover shortfall or replacement cost estimator. Exception remains. Buyer Comment (2025-04-14): Shows dwelling increase $[redacted] Buyer Comment (2025-04-14): Showing opt to increase dwelling up to $[redacted] |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 863 | (redacted) | 33653668 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Fee changed without a valid CofC. CofC at a minimum should include the original estimate of the cost, the specific reason for the revision and how it impacted the specific fee(s) that increased, revised amount, and the date of the changed circumstance. | Reviewer Comment (2025-04-24): [redacted]received Letter of Explanation, Payment history and Corrected CD. Buyer Comment (2025-04-22): pccd with cover letter and principal reduction applied |
04/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 863 | (redacted) | 33653669 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Employment Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Fee changed without a valid CofC. CofC at a minimum should include the original estimate of the cost, the specific reason for the revision and how it impacted the specific fee(s) that increased, revised amount, and the date of the changed circumstance. | Reviewer Comment (2025-04-24): [redacted]received Letter of Explanation, Payment History and Corrected CD. Buyer Comment (2025-04-22): pccd with cover letter and principal reduction applied |
04/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 864 | (redacted) | 33653673 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Buyer Comment (2025-04-18): accept grade [redacted] |
04/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | B | B | Non QM | Non QM | No | |||||||||||
| (redacted) | 864 | (redacted) | 33653674 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | Buyer Comment (2025-04-18): accept grade [redacted] |
04/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | B | B | Non QM | Non QM | No | |||||||||||
| (redacted) | 865 | (redacted) | 33653676 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Buyer Comment (2025-04-22): appraisal correction |
04/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 865 | (redacted) | 33653677 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Buyer Comment (2025-04-22): appraisal correction |
04/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 866 | (redacted) | 33653681 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted] without a valid change of circumstance. Insufficient or no cure was provided to the borrower | Reviewer Comment (2025-04-17): [redacted]received Letter of Explanation, Payment History and Corrected CD. Buyer Comment (2025-04-16): payment history and CD showing cure uploaded |
04/17/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 866 | (redacted) | 33653683 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Coverage shortfall is $[redacted] | Reviewer Comment (2025-04-24): Exception cleared with checklist. Buyer Comment (2025-04-21): Per FL law, RCE are prohibited to be requested. A checklist of coverage is to be used, and has been included in the original file on page[redacted](D[redacted]) Reviewer Comment (2025-04-17): Exception Remains - Provided document is not acceptable, HOI coverage is insufficient by $[redacted]. Provide verification of policy with sufficient coverage OR provide copy of insurer's replacement cost estimate supporting current coverage amount. Buyer Comment (2025-04-16): HOI showing replacement cost uploaded |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 866 | (redacted) | 33653685 | Credit | Credit | Transaction Error | Credit | Transaction Error: Total Cash-out on a purchase transaction. | Reviewer Comment (2025-04-30): Post CD provided with correct cash to close, exception cleared. Buyer Comment (2025-04-21): Updated CD uploaded Reviewer Comment (2025-04-17): Exception Remains - Required corrected closing disclosure, on provided closing disclosure transaction cash out is reflecting however the subject transaction is purchase and borrower is paying at closing so it should be cash from borrower. Buyer Comment (2025-04-16): final settlement statement showing borrower paying $[redacted]+k at closing |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 866 | (redacted) | 33653686 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted](f)([redacted]) Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-04-30): Sufficient Cure Provided within [redacted]Days of Closing |
04/30/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 867 | (redacted) | 33653687 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Appraisal report dated[redacted] is missing evidence of receipt. | Reviewer Comment (2025-04-18): Delivery provided. Buyer Comment (2025-04-16): appraisal receipt |
04/18/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Home Improvement | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 867 | (redacted) | 33653689 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) | [redacted] Constitution Section[redacted](a)([redacted]): Acceptable FNMA title insurance endorsements not obtained for home equity loan. Although the loan file contains the T-[redacted] Endorsement, there is no evidence the Title Policy includes the [redacted] T-[redacted] endorsement. (The loan is a [redacted] Section [redacted] (a)([redacted]) home equity loan.) | FNMA title insurance endorsements not obtained for home equity loan. Although the loan file contains the T-[redacted]Endorsement, there is no evidence the Title Policy includes the [redacted] T-[redacted]endorsement. (The loan is a [redacted] Section [redacted] (a)([redacted] home equity loan.) | Reviewer Comment (2025-04-25): Endorsements listed on CD, exception cleared. Buyer Comment (2025-04-22): final settlement stmt with endorsement listed Buyer Comment (2025-04-21): see item [redacted]of prelim noting [redacted]to be included on final title policy and included in closing instructions previously uploaded Reviewer Comment (2025-04-18): The Closing Instructions do not show the Endorsements were actually included. Can you provide title company invoice showing the $[redacted]paid for the T[redacted] and T[redacted]Endorsements? Buyer Comment (2025-04-15): closing instructions with endorsement listed |
04/25/2025 | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Home Improvement | The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 867 | (redacted) | 33653691 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three ([redacted]) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least three ([redacted]) business days prior to closing. | Reviewer Comment (2025-04-16): [redacted]received disclosure summary. Buyer Comment (2025-04-15): CD and receipt prior to closing |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Home Improvement | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| (redacted) | 867 | (redacted) | 33653692 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-16): Upon review, consumer within 0% tolerance. |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Home Improvement | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 869 | (redacted) | 33653701 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | List of Homeowner Counseling Organizations Disclosure is missing in file. | Buyer Comment (2025-04-17): accept grade [redacted] |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 869 | (redacted) | 33653703 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. The Credit Report Fee increased to $[redacted] without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-21): [redacted]Received PCCD, LOE and Payment history. Buyer Comment (2025-04-17): pccd with cover letter and pr applied |
04/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 869 | (redacted) | 33653704 | Credit | Credit | Transaction Error | Credit | Transaction Error: Total Cash-out on a purchase transaction. | Reviewer Comment (2025-04-23): Corrected CD provided. Buyer Comment (2025-04-17): cd originally selected was for a refinance transaction, not a purchase in error. uploaded purchase cd with correct funds to close report |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| (redacted) | 869 | (redacted) | 33653705 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted](f)([redacted]) Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-04-21): Sufficient Cure Provided within [redacted]Days of Closing |
04/21/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 869 | (redacted) | 33653706 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure - [redacted](f)([redacted]) Cure | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-04-21): Sufficient Cure Provided within [redacted]Days of Closing |
04/21/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| (redacted) | 870 | (redacted) | 33653709 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation. | Buyer Comment (2025-04-17): accept grade [redacted] |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 870 | (redacted) | 33653711 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least three ([redacted]) business days prior to consummation | Reviewer Comment (2025-04-18): [redacted]received proof of receipt. Buyer Comment (2025-04-17): Borrower receipt of [redacted] CD |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Refinance - Cash-out - Other | TRID timing exception, no remediation available. | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 870 | (redacted) | 33653712 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Notice of Right to Cancel Missing | Truth in Lending Act: Notice of Right to Cancel was not provided. | Reviewer Comment (2025-04-21): RTC provided, system cleared. Buyer Comment (2025-04-17): notice of right to cancel uploaded |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 870 | (redacted) | 33653713 | Compliance | Compliance | Federal Compliance | TRID | TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-14): Sufficient Cure Provided At Closing |
04/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CT | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| (redacted) | 871 | (redacted) | 33653716 | Credit | Document Inventory | General | Missing Document | Evidence of Taxpayer Consent is Missing, and Taxpayer documentation is present. | Evidence of Taxpayer Consent is Missing. | Reviewer Comment (2025-04-17): Exception cleared. Document present in file, updated correctly. Buyer Comment (2025-04-16): Evidence of tax payer consent uploaded |
04/17/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| (redacted) | 871 | (redacted) | 33653720 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Need COC for the same. | Reviewer Comment (2025-04-09): Sufficient Cure Provided At Closing |
04/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 871 | (redacted) | 33653721 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | Verification(s) of employment is not within[redacted] business days of the Note. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors. Low default risk with equity, LTV [redacted]% lower than matrix. Low housing ratio of [redacted]% or less. |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-05-07): Lender Exception with Compensating Factors. Buyer Comment (2025-05-05): [redacted] exception approval for VVOE dated [redacted] business days prior to consummation uploaded. Reviewer Comment (2025-04-24): Veritax provided is date post close [redacted]. VVOE reflects employment confirmed [redacted] via Veritax, exception remains. Buyer Comment (2025-04-21): Updated veritax dated[redacted] Reviewer Comment (2025-04-21): The VVOE reflects the employment was verified by Veri Tax and the VVOE from Veri Tax is dated [redacted], exception remains. Buyer Comment (2025-04-16): VVOE showing date of[redacted]within [redacted] days of closing ([redacted]) uploaded |
05/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||
| (redacted) | 871 | (redacted) | 33653722 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation discrepancy due to VVOE not being dated within [redacted]business days of the note. | Reviewer Comment (2025-05-07): Loan is NonQM Buyer Comment (2025-05-05): [redacted] exception approval for VVOE dated [redacted] business days prior to consummation uploaded. Reviewer Comment (2025-04-24): Veritax provided is date post close [redacted]. VVOE reflects employment confirmed [redacted] via Veritax, exception remains. Buyer Comment (2025-04-21): Updated Veri-tax uploaded Reviewer Comment (2025-04-21): The VVOE reflects the employment was verified by Veri Tax and the VVOE from Veri Tax is dated [redacted], exception remains. Buyer Comment (2025-04-16): VVOE showing date of[redacted] within [redacted] days of closing ([redacted]) uploaded |
05/07/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| (redacted) | 871 | (redacted) | 33653723 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | VVOE not dated within [redacted] business days of the note. | Reviewer Comment (2025-04-17): Exception cleared. Received document and updated correctly. Buyer Comment (2025-04-16): VVOE showing date of [redacted]within[redacted]days of closing ([redacted])uploaded |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 871 | (redacted) | 33653724 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | VVOE not dated within [redacted] business days of the note. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors. Low default risk with equity, LTV [redacted]% lower than matrix. Low housing ratio of [redacted]% or less. |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-05-07): Documents received, system cleared. Reviewer Comment (2025-05-07): Regraded to EV[redacted]-B based on pre-close lender exception with compensating factors. Buyer Comment (2025-05-05): [redacted] exception approval for VVOE dated [redacted] business days prior to consummation uploaded. Reviewer Comment (2025-04-24): Veritax provided is date post close [redacted]. VVOE reflects employment confirmed [redacted] via Veritax, exception remains. Buyer Comment (2025-04-21): Updated Veri-tax Uploaded Reviewer Comment (2025-04-21): The VVOE reflects the employment was verified by Veri Tax and the VVOE from Veri Tax is dated 02.06.25, exception remains. Reviewer Comment (2025-04-21): error Reviewer Comment (2025-04-17): Exception cleared. Received document and updated correctly. Buyer Comment (2025-04-16): VVOE showing date of [redacted] within [redacted] days of closing ([redacted]) uploaded |
05/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| (redacted) | 871 | (redacted) | 33653725 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | VVOE not dated within [redacted] business days of the note. | Reviewer Comment (2025-05-07): Lender Exception with Compensating Factors, system cleared. Reviewer Comment (2025-05-07): Regraded to EV[redacted]-B based on pre-close lender exception with compensating factors. Buyer Comment (2025-05-05): [redacted] exception approval for VVOE dated [redacted] business days prior to consummation uploaded. Reviewer Comment (2025-04-24): Veritax provided is date post close[redacted]. VVOE reflects employment confirmed [redacted] via [redacted], exception remains. Buyer Comment (2025-04-21): Updated [redacted]-tax uploaded Reviewer Comment (2025-04-21): The VVOE reflects the employment was verified by Veri Tax and the VVOE from [redacted] is dated [redacted], exception remains. Buyer Comment (2025-04-16): VVOE showing date of [redacted] within [redacted] days of closing ([redacted]) uploaded |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| (redacted) | 871 | (redacted) | 33653726 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. Miscellaneous |
Lender Exception with Compensating Factors. Low default risk with equity, LTV [redacted]% lower than matrix. Low housing ratio of [redacted]% or less. |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-05-07): Lender Exception with Compensating Factors. |
05/07/2025 | 2 | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No |