MORGAN STANLEY CAPITAL I INC. ABS-15G
Exhibit 99.2 Schedule 1
| Exception Grades | |||||||
| Run Date - 6/30/2025 1:15:16 PM |
| 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 |
| 220705656 | [Redact] | [Redact] | [Redact] | 29479398 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. | Buyer Comment (2024-01-19): Waived on Rate Lock: Collateral cleared by Custodian |
01/19/2024 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 220705656 | [Redact] | [Redact] | [Redact] | 29479399 | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. | Buyer Comment (2024-01-19): Waived on Rate Lock: Collateral cleared by Custodian |
01/19/2024 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 220705656 | [Redact] | [Redact] | [Redact] | 29803397 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | The file was missing a copy of Cash out utilization document. | Reviewer Comment (2024-01-21): Business purpose certificate showing cash out utilized for business purpose. Exception Cleared. Seller Comment (2024-01-19): Please see attached business purpose certificate. |
01/21/2024 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 222220919 | [Redact] | [Redact] | [Redact] | 31910173 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-01-06): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-01-03): Collateral delivered on [Redact] via [Redact] tracking number [Redact]. |
01/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222220919 | [Redact] | [Redact] | [Redact] | 32518215 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. |
Reviewer Comment (2025-01-13): Received replacement cost estimate. Exception Cleared. Seller Comment (2025-01-09): Please see attached RCE. |
01/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 222230103 | [Redact] | [Redact] | [Redact] | 31930828 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-01-06): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-01-03): Collateral delivered on [Redact] via [Redact] tracking number [Redact]. |
01/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222230396 | [Redact] | [Redact] | [Redact] | 31931288 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-01-07): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-01-06): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
01/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222230396 | [Redact] | [Redact] | [Redact] | 32566577 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The file is missing a tax cert or other documentation to verify the taxes used to qualify. The taxes used by the lender were higher than the taxes verified on the title commitment. | Reviewer Comment (2025-01-08): Tax calculation received. Seller Comment (2025-01-08): Taxes were [Redact] + [Redact]=[Redact]/12= [Redact] Reviewer Comment (2025-01-07): Taxes used to qualify [Redact] monthly. Required supporting document to verify taxes used to calculate DSCR. Exception Remains. Seller Comment (2025-01-06): tax |
01/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 222230880 | [Redact] | [Redact] | [Redact] | 31932930 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-01-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-01-02): Collateral delivered [Redact] via [Redact] tracking number [Redact]. |
01/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222230883 | [Redact] | [Redact] | [Redact] | 31933008 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-01-09): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-01-08): collateral delivered [Redact] via [Redact] tracking [Redact] |
01/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222230883 | [Redact] | [Redact] | [Redact] | 32519936 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-01-13): Received replacement cost estimate. Exception Cleared. Seller Comment (2025-01-09): RCE |
01/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 222361918 | [Redact] | [Redact] | [Redact] | 32142092 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-01-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-01-22): collateral delivered [Redact] via [Redact] tracking [Redact] |
01/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222416572 | [Redact] | [Redact] | [Redact] | 32166174 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2024-12-06): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2024-12-06): Collateral delivered [Redact] via [Redact] tracking [Redact] |
12/06/2024 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222416572 | [Redact] | [Redact] | [Redact] | 32302403 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2024-12-20): Received Business Purpose Certificate. Exception Cleared. Seller Comment (2024-12-18): business purpose |
12/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222563812 | [Redact] | [Redact] | [Redact] | 32369687 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-01-24): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-01-23): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
01/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222563812 | [Redact] | [Redact] | [Redact] | 32681201 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Policy coverage shortfall of [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrower has owned the subject property for at least 5 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) 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 .50. |
• LTV of 46% where 70% is maximum (24 points) • DSCR 1.65 based off 12 month lease of 2 occupied units where 1.15 is required (.50) |
[Redact],Aggregator [Redact] [Redact] [Redact] Aggregator,[Redact] |
Reviewer Comment (2025-04-02): Client elected to waive the condition with the following compensating factors: • LTV of 46% where 70% is maximum (24 points) • DSCR 1.65 based off 12 month lease of 2 occupied units where 1.15 is required (.50) • Landlord history: property management experience since 2018 Reviewer Comment (2025-04-01): Elevated to the client for review. Sufficient coverage was not in effect at consummation. Seller Comment (2025-03-31): There was no gap in the insurance - he always had insurance. Reviewer Comment (2025-03-18): This was elevated to [Redact] for a possible exception. The HOI coverage at consummation was insufficient however post-close coverage was increased and is sufficient. Please review and advise if [Redact] would like to make an exception and provide compensating factors. We can waive it with compensating factors once confirmed. Seller Comment (2025-03-17): Please advise if there is anything else needed on this one. Reviewer Comment (2025-03-06): Elevated to the client for review for a possible exception. Coverage at consummation was insufficient; however post-close coverage was increased and is sufficient. Seller Comment (2025-03-06): On the note date of [Redact], the policy coverage amount was [Redact]. The Replacement Cost Estimate (RCE) noted in the appraisal is [Redact]. With a loan amount of [Redact], the minimum coverage required should have been [Redact]. After closing, the building coverage was adjusted to [Redact] on [Redact]. The policy effective dates are from [Redact], to [Redact]. Reviewer Comment (2025-03-04): Sufficient coverage is required to be verified at or prior to consummation. The post-close increase of coverage will not clear the condition. Documentation from the insurance company verifying the coverage in effect at consummation was "Guaranteed Replacement Cost" coverage or a RCE verifying the coverage at consummation was sufficient will clear the condition. Condition remains Seller Comment (2025-03-03): The borrower had ins at the time of the closing. We increased the coverage after the closing so that the borrower had adequate coverage. Please advise what you will accept from the time of the closing to the date the ins was increased. Reviewer Comment (2025-02-28): The Policy which is provided covers the closing date however coverage is not sufficient. The insurance is insufficient by [Redact]. Provide a copy of the replacement cost estimator from the insurance company, a revised policy/dec page with increased coverage, or documentation from the insurance company verifying the policy has Guaranteed Replacement cost coverage. Condition Remains. Seller Comment (2025-02-27): closing HOI Reviewer Comment (2025-02-27): HOI docs provided were not for the subject property. Condition remains Seller Comment (2025-02-27): policy effective at the time of the closing Reviewer Comment (2025-02-27): Received revised policy effective date is after disbursement date. Required policy which cover the closing date. Exception Remains. Seller Comment (2025-02-26): updated HOI Reviewer Comment (2025-01-26): The GSE method was used to determine the coverage requirement. The appraisal identified the Total Estimate of Cost New as [Redact] and 80% of this value is identified as insured value. Coverage of at least [Redact] is required. The insurance is insufficient by [Redact]. Provide a copy of the replacement cost estimator from the insurance company, a revised policy/dec page with increased coverage, or documentation from the insurance company verifying the policy has Guaranteed Replacement cost coverage. Condition Remains. Seller Comment (2025-01-24): Can you please provide clarification on this loan? Please advise how you are coming up with [Redact]? |
04/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| 222563812 | [Redact] | [Redact] | [Redact] | 32691095 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Hazard Insurance Policy expires within 30 days of the Note Date. | Provide a copy of the renewal policy | Reviewer Comment (2025-01-27): Renewal policy provided Seller Comment (2025-01-27): updated policy |
01/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| 222564318 | [Redact] | [Redact] | 32420078 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | The file was missing 1003 Final | Reviewer Comment (2024-12-22): Received credit authorization and reo schedule. Exception Cleared. Seller Comment (2024-12-19): Credit authorization form and SREO uploaded Reviewer Comment (2024-12-19): The loan submission summary is not acceptable. A credit application is required identifying the borrower/participant credit information and track record/schedule of Real Estate Owned. Condition remains Note: track record information provided on this loan Seller Comment (2024-12-18): This was discussed between [Redact] and the team during MLPA discussions |
12/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222631249 | [Redact] | [Redact] | 32459616 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | DSCR Calculation Worksheet is required and was not provided. | Reviewer Comment (2024-11-25): Received 1008 with DSCR calculation. exception cleared Buyer Comment (2024-11-22): 1008 in lieu of DSCR Worksheet |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 222631249 | [Redact] | [Redact] | 32459617 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing evidence of the [Redact] payment for the borrower's primary residence [Redact] #[Redact]. | Reviewer Comment (2024-12-02): Received Updated Credit report confirm [Redact] payment made by borrower. Exception cleared Buyer Comment (2024-11-29): Credit supplement |
12/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 222697618 | [Redact] | [Redact] | [Redact] | 32566081 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-01-14): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-01-13): (Rate Lock) [Redact] |
01/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Home Improvement | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222750221 | [Redact] | [Redact] | [Redact] | 32668384 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-14): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-11): Collateral delivered via [Redact] tracking number [Redact] on [Redact]. |
04/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222751267 | [Redact] | [Redact] | [Redact] | 32673731 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-04): Collateral delivered on [Redact] via [Redact] tracking number [Redact]. |
03/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222758306 | [Redact] | [Redact] | [Redact] | 32684992 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-10): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-07): collateral delivered [Redact] via [Redact] tracking [Redact] |
03/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222758306 | [Redact] | [Redact] | [Redact] | 32981069 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception is given for to 'allow use of ADU rental income for DSCR calculation'. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
Reserves: 66 months reserves where 6 is required. (10X) | Aggregator,[Redact] [Redact] |
Reviewer Comment (2025-03-05): Client elected to waive the condition with the following Compensating Factors: Credit Depth: 16 years mortgage history 26 years trade history all paid as agreed. Reserves: 66 months reserves where 6 is required. (10X) Market Acceptance well documented market acceptance of ADU in both the value and rental markets |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| 222758306 | [Redact] | [Redact] | [Redact] | 32983770 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | The file is missing a copy of the final 1003. Per the guidelines, all real estate owned must be disclosed on the application with the full PITIA. The credit application in file did not have the REO section completed. | Reviewer Comment (2025-03-06): 1003 with complete schedule of REO provided Seller Comment (2025-03-06): 1003 |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| 222763349 | [Redact] | [Redact] | 32695946 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation document is missing. | Reviewer Comment (2024-12-06): Received Articles of Organization. Exception Cleared Reviewer Comment (2024-11-26): Received same Organization/Formation for Other entity [Redact], where as borrower Name is [Redact], provide Articles of Organization/Formation for [Redact]. Exception Remains Buyer Comment (2024-11-25): Articles of organization Reviewer Comment (2024-11-05): Require Articles of Organization/Formation for Borrower entity [Redact], however received for other entity [Redact]. Exception Remains Buyer Comment (2024-11-04): Formation docs |
12/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 222763349 | [Redact] | [Redact] | 32695947 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing document is missing. | Reviewer Comment (2025-01-06): Received Certificate of Good standing for [Redact]. Exception Cleared Buyer Comment (2025-01-05): cogs |
01/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 222763349 | [Redact] | [Redact] | 32695949 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement document is missing. | Reviewer Comment (2025-01-08): Received State Guideline information confirm It is Optional to Form Operating agreement and Got Guarantor Confirmation that no Operating Agreement formed as it is optional per [Redact] state requirement. Exception Cleared Buyer Comment (2025-01-07): see att Reviewer Comment (2025-01-06): Noted [Redact] no requirement on Operating Agreement however require letter of explanation from managing member "[Redact]" stating that operating agreement not required. exception remains. Buyer Comment (2025-01-05): comment from lender: per secretary of state an operating agreement is not required in the state of [Redact] see page 2. Reviewer Comment (2024-12-06): Received Articles of Organization and EIN however Require Operating agreement. Exception Remains Buyer Comment (2024-12-05): AOO Reviewer Comment (2024-11-26): Article of Organization received for other entity, however exception is set for Operating agreement for [Redact]. Exception Remains Buyer Comment (2024-11-25): ARTICLES OF ORGANIZATION Reviewer Comment (2024-11-19): Received asset documentation, Require Operating agreement for [Redact]. Exception Remains Buyer Comment (2024-11-18): Bank Statement Buyer Comment (2024-11-18): Statement 3 Buyer Comment (2024-11-18): Statement 2 Buyer Comment (2024-11-18): Statement 1 |
01/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 222763349 | [Redact] | [Redact] | 32695950 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Business funds can be used for down payment and cash reserves if the borrower(s) own 100% of the business. Assets from Top Tile were used to qualify per application. Missing documentation that confirms borrower is 100% owner of this entity. |
Reviewer Comment (2025-01-08): Received Corporate Resolution Confirm Guarantor Owned 100% Non Borrower entity Business [Redact]. Exception Cleared Buyer Comment (2025-01-07): Per Lender showing Chris is owner of [Redact]. Reviewer Comment (2024-10-24): Received Business Search document which does not support Ownership of Borrower. Require Operating agreement with ownership for [Redact]. Exception remains Buyer Comment (2024-10-22): Verification |
01/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 222763349 | [Redact] | [Redact] | 32695951 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | After further review - We have omitted business assets lender used called checking/money market in acct#[Redact] labeled [Redact] balance [Redact] as of [Redact]. This was a loan and not an asset. The file does not show evidence of where the net proceeds from that loan went or if used towards the subject transaction. When omitting these funds cash to close and for reserves is insufficient, Lender initial and final 1003 reflect this as checking/money market account. | Reviewer Comment (2024-11-18): Received additional bank statements. Exception Cleared |
11/18/2024 | 1 | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||||||||
| 222763349 | [Redact] | [Redact] | 32695952 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | After further review - We have omitted business assets lender used called checking/money market in acct#[Redact] labeled [Redact] balance [Redact] as of [Redact]. This was a loan and not an asset. The file does not show evidence of where the net proceeds from that loan went or if used towards the subject transaction. When omitting these funds cash to close and for reserves is insufficient, Lender initial and final 1003 reflect this as checking/money market account. | Reviewer Comment (2024-11-18): received additional bank statements. Exception Cleared Buyer Comment (2024-11-14): Statement 4 Buyer Comment (2024-11-14): Statement 3 Buyer Comment (2024-11-14): Statement 2 Buyer Comment (2024-11-14): Statement 1 |
11/18/2024 | 1 | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||||||||
| 222763351 | [Redact] | [Redact] | 32695958 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Mising Document: Closing Protection Letter not provided. | Reviewer Comment (2024-11-26): Received CPL letter Exception Cleared Buyer Comment (2024-11-23): CPL |
11/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | D | A | N/A | No | |||||||||||||
| 222763351 | [Redact] | [Redact] | 32695961 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Asset document is missing in file for closing. | Reviewer Comment (2024-11-22): Received Bank statements to meet cash to close Requirement. Exception cleared Buyer Comment (2024-11-20): Assets attached |
11/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | D | A | N/A | No | ||||||||||||
| 222763351 | [Redact] | [Redact] | 32695962 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | UCDP is missing in file. CDA is required. [Redact] | Reviewer Comment (2024-11-22): Received UCDP CU score Less than 2.5. CDA not require per Guideline. Exception Cleared Buyer Comment (2024-11-21): UCDP CU 1.7 |
11/22/2024 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | D | A | N/A | No | ||||||||||||
| 222763351 | [Redact] | [Redact] | 32695965 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) is missing in file for [Redact]. | Reviewer Comment (2025-01-09): Received EIN. exception cleared Buyer Comment (2025-01-08): see attached |
01/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | D | A | N/A | No | ||||||||||||
| 222763351 | [Redact] | [Redact] | 32695966 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Guarantor Agreement is missing in file. | Reviewer Comment (2024-12-19): Received a copy of Guarantor Agreement. Exception Cleared Buyer Comment (2024-12-19): GA Reviewer Comment (2024-11-22): Received Business purpose Certificate, however Require signed Guarantor Agreement. Exception Remains Buyer Comment (2024-11-20): BPA |
12/19/2024 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | D | A | N/A | No | ||||||||||||
| 222763351 | [Redact] | [Redact] | 32695967 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Hazard Insurance Policy is missing in file for subject property. Unable to verify Rent Loss coverage. | Reviewer Comment (2024-11-15): Received Hazard insurance Verification. Exception Cleared Buyer Comment (2024-11-14): subject HOI |
11/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | D | A | N/A | No | ||||||||||||
| 222763351 | [Redact] | [Redact] | 32695968 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in file for [Redact]. | Reviewer Comment (2024-12-19): Received a copy of Operating Agreement. Exception Cleared Buyer Comment (2024-12-19): OA Reviewer Comment (2024-11-22): Received Articles of Organization however, require Operating agreement for [Redact]. Exception Remains Buyer Comment (2024-11-20): Operating Agreement |
12/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | D | A | N/A | No | ||||||||||||
| 222763351 | [Redact] | [Redact] | 32695969 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | Purchase Agreement / Sales Contract is missing in file for subject property. | Reviewer Comment (2024-11-15): Received Purchase contract and Sales addendum wit change in buyer name to [Redact]. Additionally [Redact] is Independent authorization of [Redact]. as per Letter of Independent Executorship (DOC ID D0069). Exception Cleared Buyer Comment (2024-11-14): contract |
11/15/2024 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | D | A | N/A | No | ||||||||||||
| 222763351 | [Redact] | [Redact] | 32695970 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Taxes for [Redact] per month were used to qualify and the Tax Cert provided reflects [Redact]/year. Need updated Tax Certificate. | Reviewer Comment (2024-12-10): Received a copy of tax certificate. Exception Cleared Buyer Comment (2024-12-10): Tax cert |
12/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | D | A | N/A | No | ||||||||||||
| 222763351 | [Redact] | [Redact] | 32695971 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Title Preliminary not provided | Title Preliminary is missing in file for subject property. | Reviewer Comment (2024-11-15): Received Title commitment report. Exception Cleared Buyer Comment (2024-11-14): title |
11/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | D | A | N/A | No | ||||||||||||
| 222763351 | [Redact] | [Redact] | 32695972 | 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. | The file was missing evidence the Right to Receive Appraisal Disclosure provided to borrower within 3 days of initial application. | Reviewer Comment (2024-11-14): Delivery date is [Redact]. Provide the original appraisal. Buyer Comment (2024-11-13): Appraisal delivery |
11/14/2024 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | D | A | N/A | No | |||||||||||
| 222763351 | [Redact] | [Redact] | 32695973 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Right to Receive a Copy appraisal is missing in file. | Reviewer Comment (2024-11-14): Right to Receive provided. Buyer Comment (2024-11-13): Right to Receive |
11/14/2024 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | D | A | N/A | No | |||||||||||
| 222763351 | [Redact] | [Redact] | 32695974 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | As per guideline unable to met reserves criteria as asset document is not provided in file. | Reviewer Comment (2024-11-22): Received Bank statements to meet cash to close and Reserve Requirement. Exception Cleared Buyer Comment (2024-11-20): Per lender Reserves required =[Redact], funds to close = [Redact]. Funds verified for borrower = [Redact]. [Redact] - [Redact] = [Redact] |
11/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | D | A | N/A | No | ||||||||||||
| 222763351 | [Redact] | [Redact] | 32695975 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | DSCR Worksheet was not provided. | Reviewer Comment (2024-11-26): Received 1008 with corrected DSCR Calculation. Exception Cleared Buyer Comment (2024-11-23): 1008 Reviewer Comment (2024-11-22): 1008 noted Estimated PITIA for calculation. Require Updated DSCR Calculation with correct PITIA. Exception Remains Buyer Comment (2024-11-20): DSCR Calc/Worksheet listed on 1008 in the comments section- That's all that has ever been provided, |
11/26/2024 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | D | A | N/A | No | ||||||||||||
| 222763351 | [Redact] | [Redact] | 32695976 | 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. | New exception as result of Documentation provided. Original appraisal is missing As delivery date is prior to Report date. | Buyer Comment (2024-12-09): Acknowledged non material EV2 Buyer Comment (2024-12-09): Lender does not have additional documentation to provide.- " The loan had an original appraisal done and then the most recent was done [Redact]. So the effective date of the appraisal is the most recent date. the ECOA disclosure was sent to the borrower [Redact], which was before the original appraisal was done." Reviewer Comment (2024-12-04): Received Original appraisal, however require clarification about Original Report date. Original report date is [Redact] which is prior to Appraisal effective date of [Redact]. Exception Remains Buyer Comment (2024-12-02): Appraisal |
12/09/2024 | 2 | B | B | B | B | B | [Redact] | Investment | Purchase | D | B | D | A | B | B | D | A | N/A | No | ||||||||||||||||
| 222763370 | [Redact] | [Redact] | 32696035 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Require updated DSCR Calculation Worksheet. As per DSCR worksheet DSCR reflects 1.52 vs reviewed 1.48 vs Rate Lock 1.47. Lender used a lower PITI than calculated. | Reviewer Comment (2025-01-10): Received DSCR calculation worksheet matching with Audit calculation. Exception cleared Buyer Comment (2025-01-10): DSCR worksheet |
01/10/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 222763370 | [Redact] | [Redact] | 32696036 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Require Operating Agreement for [Redact]. | Reviewer Comment (2025-01-14): Received Operating agreement for [Redact]. Exception Cleared Buyer Comment (2025-01-13): Business operating agreement |
01/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 222774137 | [Redact] | [Redact] | [Redact] | 32718680 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-11): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-10): Collateral delivered [Redact] via [Redact] tracking number [Redact]. |
03/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222776994 | [Redact] | [Redact] | [Redact] | 32725230 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-11): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-10): collateral delivered [Redact] via [Redact] tracking [Redact] |
03/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222776994 | [Redact] | [Redact] | [Redact] | 32968589 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Reviewer Comment (2025-03-04): CPL provided Seller Comment (2025-03-04): Please see attached CPL. |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222777147 | [Redact] | [Redact] | [Redact] | 32726053 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-10): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-07): Collateral was delivered on [Redact] via [Redact] tracking [Redact] |
03/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222779141 | [Redact] | [Redact] | [Redact] | 32735835 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-17): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-14): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222783276 | [Redact] | [Redact] | [Redact] | 32737591 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-07): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-06): collateral delivered [Redact] via [Redact] tracking [Redact] |
03/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222783309 | [Redact] | [Redact] | [Redact] | 32737689 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-04): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222790674 | [Redact] | [Redact] | [Redact] | 32746183 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-14): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-13): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222792613 | [Redact] | [Redact] | [Redact] | 32754656 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-02-27): (Rate Lock) [Redact] |
03/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222795614 | [Redact] | [Redact] | [Redact] | 32766799 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-12): collateral delivered [Redact] via [Redact] tracking [Redact] |
03/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222801422 | [Redact] | [Redact] | [Redact] | 32772197 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-11): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-07): (Rate Lock) [Redact] |
03/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222804359 | [Redact] | [Redact] | [Redact] | 32781398 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-17): (Rate Lock) [Redact] |
03/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222814434 | [Redact] | [Redact] | [Redact] | 32792607 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-11): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-10): (Rate Lock) [Redact] |
03/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222836627 | [Redact] | [Redact] | [Redact] | 32796921 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-17): collateral delivered [Redact] via [Redact] tracking [Redact] |
03/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222863591 | [Redact] | [Redact] | [Redact] | 32805175 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-25): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-24): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222864863 | [Redact] | [Redact] | [Redact] | 32811369 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-14): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-13): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222864863 | [Redact] | [Redact] | [Redact] | 33009608 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-03-24): Revised policy provided Buyer Comment (2025-03-24): (Rate Lock) Updated EOI Policy Reviewer Comment (2025-03-18): It does not matter if the coverage covers the loan amount, see previous comment regarding the Fannie Mae method. Condition remains. Seller Comment (2025-03-17): The dwelling coverage is [Redact] on the HOI and the balance/loan amount is [Redact] Reviewer Comment (2025-03-12): RCE provided verifying the cost to rebuild of [Redact]. The coverage is still insufficient by [Redact]. The FNMA method was used to determine the coverage requirement. The appraisal identified the Total Estimate of Cost New as [Redact] and the RCE was [Redact]. 80% of the lower RCE value is identified as insured value. Coverage of at least [Redact] is required. Provide a revised policy/dec page with increased coverage or documentation from the insurance company verifying the policy has Guaranteed Replacement cost coverage. Condition remains Seller Comment (2025-03-12): rce |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| 222864863 | [Redact] | [Redact] | [Redact] | 33106895 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Hazard Insurance Policy Effective Date ___; Disbursement Date: ___; Note Date: ___; Transaction Date: ___ | Revised policy provided; however the effective date of the policy was post-consummation. The file is missing the policy or dec page with sufficient coverage with an effective date on or prior to the consummation date of [Redact]. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The Combined Loan to Value (CLTV) 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. The qualifying DSCR on the loan is greater than the guideline minimum. |
LTV 50 where maximum is 75. (25) Reserves: [Redact] liquids reserves (3X) the requirement and [Redact] REO Equity. DSCR 1.24 where 1.0 is minimum |
[Redact],Aggregator Aggregator,[Redact] [Redact] [Redact] [Redact] Aggregator |
Reviewer Comment (2025-04-16): Client elected to waive the condition with the following compensating factors: LTV 50 where maximum is 75. (25) DSCR 1.24 where 1.0 is minimum Reserves: [Redact] liquids reserves (3X) the requirement and [Redact] REO Equity. Reviewer Comment (2025-04-14): Elevated to the client for review. The seller provided a statement from the HOI company verifying there were no claims in the period of the closing date to the effective date. This will not clear the condition, as a revised declarations page or policy with the updated effective date is required. Seller Comment (2025-04-11): letter Reviewer Comment (2025-04-08): Documentation provided did not match the policy number for the insurance documentation previously provided. Also, the policy period on the new documentation was [Redact]-[Redact]. The coverage was not in effect at consummation, [Redact]. Condition is valid and remains open Seller Comment (2025-04-07): gap letter Reviewer Comment (2025-04-04): An additional copy of the HOI dec page with an effective date of [Redact] provided. The consummation date is [Redact] and HOI is required to be in effect at or prior to consummation in a wet-funding state. Condition is valid and remains open Seller Comment (2025-04-03): hoi revised Reviewer Comment (2025-03-25): An additional copy of the HOI dec page with an effective date of [Redact] provided. The consummation date is [Redact] and HOI is required to be in effect at or prior to consummation in a wet-funding state. Condition is valid and remains open Seller Comment (2025-03-25): hoi |
04/16/2025 | 2 | B | B | B | B | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222888609 | [Redact] | [Redact] | [Redact] | 32820384 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-20): Collateral was delivered on [Redact] via [Redact] tracking [Redact]. |
03/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 222888609 | [Redact] | [Redact] | [Redact] | 33074752 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | There is an approved lender exception in the file see details below: Borrower Exception Requested: requesting exception to permit First Time Investor without owning current primary at least 12 months, borrower is currently renting and has converted primary of 5 years to subject /rental property 7 months ago; proceeds being used for reserves Customer Compensating Factors: DSCR 2.0 where 1.15 is required. LTV/CLTV of 28/40 where 70 is maximum FICO: 743 where 700 is minimum Customer Exception Conditions: Loan to meet parameters as described Loan to meet all other [Redact] program requirements |
The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DSCR on the loan is greater than the guideline minimum. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. The representative FICO score exceeds the guideline minimum by at least 40 points. |
Client elect to waive with compensating factors: LTV/CLTV of 28/40 where 70 is maximum Client elect to waive with compensating factors: DSCR 2.0 where 1.15 is required. Client elect to waive with compensating factors: FICO: 743 where 700 is minimum |
Originator Pre-Close,Aggregator,[Redact] [Redact],Originator Pre-Close,Aggregator [Redact] Originator Pre-Close,Aggregator,[Redact] |
Reviewer Comment (2025-03-18): Client elect to waive with compensating factors: DSCR 2.0 where 1.15 is required. LTV/CLTV of 28/40 where 70 is maximum FICO: 743 where 700 is minimum |
03/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| 222888683 | [Redact] | [Redact] | [Redact] | 32820466 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-24): (Rate Lock) [Redact] |
03/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222888717 | [Redact] | [Redact] | [Redact] | 32820678 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-14): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-13): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 222888717 | [Redact] | [Redact] | [Redact] | 33009613 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | 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. | 03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 222888751 | [Redact] | [Redact] | [Redact] | 32821120 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-14): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-13): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 222888751 | [Redact] | [Redact] | [Redact] | 33019311 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of [Redact] is less than the note amount of [Redact] based on the Commitment in file. | 03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 222888966 | [Redact] | [Redact] | [Redact] | 32821705 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-31): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/31/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222892078 | [Redact] | [Redact] | [Redact] | 32828870 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-17): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-14): (Rate Lock) [Redact] |
03/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222894210 | [Redact] | [Redact] | [Redact] | 32830216 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-20): collateral delivered [Redact] via [Redact] tracking [Redact] |
03/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 222894210 | [Redact] | [Redact] | [Redact] | 33042742 | Credit | Property - Appraisal | Property Eligibility - Subject and Improvements | Property - Appraisal | [Redact] homes are ineligible per guidelines. | Subject is a [Redact] and is ineligible per the guidelines. A client exception was made for the property type. | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Post close assets: [Redact] ([Redact]) 556 months reserve where 6 months is required (92X) | [Redact] [Redact],Originator Pre-Close,Aggregator |
Reviewer Comment (2025-03-14): Client elected to waive the condition with the following Compensating Factors: DSCR 1.72 where 1.25 is required. Post close assets: [Redact] ([Redact]) 556 months reserve where 6 months is required (92X) Marketability: 5 below maximum financing and market well supports log homes with 6 comparables provided. |
03/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| 222894218 | [Redact] | [Redact] | [Redact] | 32830222 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-17): collateral delivered [Redact] via [Redact] tracking [Redact] |
03/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222894218 | [Redact] | [Redact] | [Redact] | 33026258 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | The file is missing proof of receipt of the funds from the HELOC used for closing. | Reviewer Comment (2025-03-28): Proof of receipt of HELOC funds provided Seller Comment (2025-03-27): funding Reviewer Comment (2025-03-24): Required Proof of Receipt of the funds for the HELOC. Exception Remains. Seller Comment (2025-03-21): Please see attached wire receipt. |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 222894949 | [Redact] | [Redact] | [Redact] | 32837015 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-17): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-14): collateral delivered [Redact] via [Redact] tracking [Redact] |
03/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222895349 | [Redact] | [Redact] | [Redact] | 32837197 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-01): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222895479 | [Redact] | [Redact] | 32840832 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Flood insurance coverage amount is insufficient. | Minimum coverage required is [Redact]. | Reviewer Comment (2025-02-13): Included replacement cost with coverage amount. Exception Cleared. Reviewer Comment (2025-02-13): Required revised flood policy with sufficient coverage. Exception Remains. Seller Comment (2025-02-13): Flood Policy - [Redact] replacement cost listed on policy. |
02/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222895479 | [Redact] | [Redact] | 32840849 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Coverage is insufficient by [Redact]. | Reviewer Comment (2025-02-21): HOI dec page provided verifying guaranteed replacement cost coverage Seller Comment (2025-02-21): HOI Policy. Replacement Cost box is checked for amount of [Redact] dwelling. Please advise Reviewer Comment (2025-02-13): There is no replacement cost mentioned specifically on hazard policy. Exception Remains. Seller Comment (2025-02-13): HOI Policy - [Redact] replacement cost listed on policy. |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222895479 | [Redact] | [Redact] | 32843907 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Subject is a refinance and property is listed for sale. | - | The subject was listed for sale and was taken off the market on [Redact]. Lender exception approval in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has owned the subject property for at least 5 years. 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. |
42.57 months reserves. LTV 49.7018% |
[Redact],Aggregator [Redact] [Redact] Originator Pre-Close,Aggregator,[Redact] [Redact] |
Reviewer Comment (2025-02-24): Client elected to waive the condition with the following Comp Factors: LTV 49.7018% and 42.57 months reserves. |
02/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| 222895555 | [Redact] | [Redact] | [Redact] | 32837810 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-28): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222901132 | [Redact] | [Redact] | [Redact] | 32838495 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-07): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-06): collateral delivered [Redact] via [Redact] tracking [Redact] |
03/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222903386 | [Redact] | [Redact] | [Redact] | 32843148 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-18): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222904161 | [Redact] | [Redact] | [Redact] | 32845136 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-17): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-14): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222907521 | [Redact] | [Redact] | [Redact] | 32856272 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-11): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-10): (Rate Lock) [Redact] |
03/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222916958 | [Redact] | [Redact] | 32873873 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Buyer Comment (2025-01-30): Acknowledged as non-material due to buyer request. |
01/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| 222916958 | [Redact] | [Redact] | 32873876 | Compliance | Compliance | State Compliance | State Late Charge | [Redact] Late Charge Percent Testing | [Redact] Late Charge: Note late charge percent of [Redact] exceeds the state maximum of 5%. | Buyer Comment (2025-01-30): Acknowledged as non-material. |
01/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| 222916969 | [Redact] | [Redact] | 32873932 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC for the borrower's entity: [Redact] not in file. | Reviewer Comment (2025-02-12): OFAC for entity provided. Buyer Comment (2025-02-11): OFAC |
02/12/2025 | 1 | A | A | A | A | A | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||||||||
| 222917230 | [Redact] | [Redact] | [Redact] | 32874775 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222917273 | [Redact] | [Redact] | [Redact] | 32875001 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-01): Collateral delivered on [Redact] via [Redact] tracking [Redact]. |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222917273 | [Redact] | [Redact] | [Redact] | 33138863 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | The file is missing a copy of the final 1003. Per the guidelines, all real estate owned must be disclosed on the application with the full PITIA. The initial 1003 in file did not have the REO section completed. | Reviewer Comment (2025-03-31): Received 1003 Application. Exception Cleared. Seller Comment (2025-03-28): Please see attached 1003. |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| 222917273 | [Redact] | [Redact] | [Redact] | 33139014 | 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 loan was qualified using Short[term rental income. The max LTV/CLTV is 75.00% and the loan closed at 80.00%. Client exception approval in file. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. |
FICO: 764 where 680 is minimum (84) Post Close assets: [Redact] from retirement 43 months reserves where 6 months is required. (7X) DSCR 1.5 where 1.0 is required (.50) |
[Redact],Originator Pre-Close,Aggregator Originator Pre-Close,Aggregator,[Redact] [Redact] Aggregator,[Redact] |
Reviewer Comment (2025-03-27): Client elected to waive the condition with the following Compensating Factors: DSCR 1.5 where 1.0 is required (.50) FICO: 764 where 680 is minimum (84) Post Close assets: [Redact] from retirement 43 months reserves where 6 months is required. (7X) |
03/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||
| 222917273 | [Redact] | [Redact] | [Redact] | 33139015 | 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 loan was qualified using Short[term rental income. The max LTV/CLTV is 75.00% and the loan closed at 80.00%. Client exception approval in file. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. |
FICO: 764 where 680 is minimum (84) Post Close assets: [Redact] from retirement 43 months reserves where 6 months is required. (7X) DSCR 1.5 where 1.0 is required (.50) |
[Redact],Originator Pre-Close,Aggregator Originator Pre-Close,Aggregator,[Redact] [Redact] Aggregator,[Redact] |
Reviewer Comment (2025-03-27): Client elected to waive the condition with the following Compensating Factors: DSCR 1.5 where 1.0 is required (.50) FICO: 764 where 680 is minimum (84) Post Close assets: [Redact] from retirement 43 months reserves where 6 months is required. (7X) |
03/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||
| 222917468 | [Redact] | [Redact] | [Redact] | 32875603 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-11): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-10): (Rate Lock) [Redact] |
03/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222918584 | [Redact] | [Redact] | [Redact] | 32881529 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-24): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-21): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222919247 | [Redact] | [Redact] | [Redact] | 32883817 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-01): Waived on Rate Lock: Collateral cleared by Custodian |
04/01/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222922369 | [Redact] | [Redact] | [Redact] | 32896086 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-07): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-04): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
04/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222922793 | [Redact] | [Redact] | [Redact] | 32897022 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-27): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-26): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 222922793 | [Redact] | [Redact] | [Redact] | 33103084 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary Title Policy is within [Redact] and does not reflect a coverage amount (no Final Title Policy in file). Unable to determine if appropriate coverage is provided | 03/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 222923117 | [Redact] | [Redact] | [Redact] | 32897461 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-27): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-26): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222923294 | [Redact] | [Redact] | [Redact] | 32897728 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-24): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-21): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222926084 | [Redact] | [Redact] | [Redact] | 32902185 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-27): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-26): collateral delivered [Redact] via [Redact] tracking [Redact] |
03/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222927151 | [Redact] | [Redact] | [Redact] | 32903209 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-11): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-06): (Rate Lock) [Redact] |
03/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222927399 | [Redact] | [Redact] | [Redact] | 32903765 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-31): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/31/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222927407 | [Redact] | [Redact] | [Redact] | 32903806 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-31): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/31/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222929767 | [Redact] | [Redact] | [Redact] | 32906162 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-17): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-14): (Rate Lock) [Redact] |
03/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 222929767 | [Redact] | [Redact] | [Redact] | 33025027 | 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) ___. | DSCR of 1.29 is less than the guideline required minimum DSCR of 1.50 for short-term rental income purchases. Client exception approval in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
Reserves of 36 months where 6 is required (6X) FICO 796 where 680 is minimum (116) |
Originator Pre-Close,Aggregator,[Redact] [Redact],Originator Pre-Close,Aggregator |
Reviewer Comment (2025-03-12): Client elected to waive the condition with the following Compensating Factors: FICO 796 where 680 is minimum (116) Reserves of 36 months where 6 is required (6X) Property management: experience managing multiple investment property dating back to 2016 |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||
| 222931892 | [Redact] | [Redact] | [Redact] | 32911875 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-17): collateral delivered [Redact] via [Redact] tracking [Redact] |
03/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222932021 | [Redact] | [Redact] | [Redact] | 32912046 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-31): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-27): (Rate Lock) [Redact] |
03/31/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222932072 | [Redact] | [Redact] | [Redact] | 32912708 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-28): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-24): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/28/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222932072 | [Redact] | [Redact] | [Redact] | 33111073 | Credit | Collateral | Missing/Incorrect | Collateral | Collateral report shows issues with Note. | Monthly P&I does not agree with Schedule SCH: [Redact] NOTE: [Redact] | Buyer Comment (2025-03-28): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-25): Please match the scheduled to the Note. |
03/28/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||||||
| 222933626 | [Redact] | [Redact] | [Redact] | 32913854 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-01): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222934104 | [Redact] | [Redact] | 32917596 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of good standing is missing in the file. | Reviewer Comment (2025-02-26): Received business entity. Exception Cleared. Seller Comment (2025-02-25): Good Standing |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222934104 | [Redact] | [Redact] | 32922985 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for the Roof coverage converts to ACV if 15yrs or older. Note: a copy of the exception approval was not in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. 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. |
[Redact] in reserves | Originator Pre-Close,[Redact],Aggregator [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2025-02-27): Client elected to waive the condition with the following Comp Factor: [Redact] in reserves Seller Comment (2025-02-27): UW Management LOE |
02/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 222934104 | [Redact] | [Redact] | 32922997 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The file is missing a tax cert or other documentation to verify the tax amount used to qualify. | Reviewer Comment (2025-02-26): Received Tax Cert. Exception Cleared. Seller Comment (2025-02-25): Tax Info - Based on Improvements- [Redact] |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222934105 | [Redact] | [Redact] | 32920797 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The file was missing a copy of the Certificate of Good Standing. | Reviewer Comment (2025-02-25): Received Business Entity. Exception Cleared. Seller Comment (2025-02-25): Good Standing |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222934105 | [Redact] | [Redact] | 32922986 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for the Roof coverage converts to ACV if 15yrs or older. Note: a copy of the exception approval was not in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. 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. |
[Redact] in reserves | [Redact],Originator Pre-Close,Aggregator [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2025-02-27): Client elected to waive the condition with the following Comp Factor: [Redact] in reserves Seller Comment (2025-02-27): UW Management LOE |
02/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 222934105 | [Redact] | [Redact] | 32922998 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The file is missing a tax cert or other documentation to verify the tax amount used to qualify. | Reviewer Comment (2025-02-25): Received tax certificate. Exception Cleared. Seller Comment (2025-02-25): Tax Info Based on Improvements- [Redact] |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222934106 | [Redact] | [Redact] | 32919806 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The file was missing Certificate of Good Standing | Reviewer Comment (2025-02-25): Received business entity. Exception Cleared. Seller Comment (2025-02-25): Good Standing |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222934106 | [Redact] | [Redact] | 32922989 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for the Roof coverage converts to ACV if 15yrs or older. Note: a copy of the exception approval was not in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. 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. |
[Redact] in reserves | [Redact],Originator Pre-Close,Aggregator [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2025-02-27): Client elected to waive the condition with the following Comp Factor: [Redact] in reserves Seller Comment (2025-02-27): UW Management LOE |
02/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 222934106 | [Redact] | [Redact] | 32922999 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The file is missing a tax cert or other documentation to verify the tax amount used to qualify. | Reviewer Comment (2025-02-25): Received tax certificate. Exception Cleared. Seller Comment (2025-02-25): Tax Info Based on Improvements- [Redact] |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222934107 | [Redact] | [Redact] | 32919542 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The file was missing Certificate of Good Standing. | Reviewer Comment (2025-02-25): Received business entity listing. Exception Cleared. Seller Comment (2025-02-25): Good Standing |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222934107 | [Redact] | [Redact] | 32922990 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for the Roof coverage converts to ACV if 15yrs or older. Note: a copy of the exception approval was not in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. 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. |
[Redact] in reserves | [Redact],Originator Pre-Close,Aggregator [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2025-02-27): Client elected to waive the condition with the following Comp Factor: [Redact] in reserves Seller Comment (2025-02-27): UW Management LOE |
02/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 222934107 | [Redact] | [Redact] | 32923000 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The file is missing a tax cert or other documentation to verify the tax amount used to qualify. | Reviewer Comment (2025-02-25): Received Tax Certificate. Exception Cleared. Seller Comment (2025-02-25): Tax Info Based on Improvements- [Redact] |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222934108 | [Redact] | [Redact] | 32919128 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Asset Documentation is not provided. | Reviewer Comment (2025-02-27): Assets provided Seller Comment (2025-02-27): assets Seller Comment (2025-02-27): Assets Docs Seller Comment (2025-02-27): Articles of organization are not required. We have the operating agreement with ownership % and corp resolution for signature. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222934108 | [Redact] | [Redact] | 32919151 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of good standing was not provided | Reviewer Comment (2025-02-25): Received business entity. Exception Cleared. Seller Comment (2025-02-25): Good Standing |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222934108 | [Redact] | [Redact] | 32919152 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The file is missing a tax cert or other documentation to verify the tax amount used to qualify. | Reviewer Comment (2025-02-27): Tax cert provided Reviewer Comment (2025-02-25): Required source document for taxes used to qualify [Redact]. Exception Remains. Seller Comment (2025-02-25): Tax Info Based on Improvements- [Redact] |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222934108 | [Redact] | [Redact] | 32919153 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Assets documentation is not provided. | Reviewer Comment (2025-02-27): Assets provided Seller Comment (2025-02-27): Asset Docs |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222934108 | [Redact] | [Redact] | 32923001 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for the Roof coverage converts to ACV if 15yrs or older. Note: a copy of the exception approval was not in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. 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. |
[Redact] in reserves | [Redact],Originator Pre-Close,Aggregator [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2025-02-27): Client elected to waive the condition with the following Comp Factor: [Redact] in reserves Seller Comment (2025-02-27): UW Management LOE |
02/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 222934109 | [Redact] | [Redact] | 32917556 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of good standing was not provided in the file. | Reviewer Comment (2025-02-25): Received Business Entity. Exception Cleared. Seller Comment (2025-02-25): Good Standing |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222934109 | [Redact] | [Redact] | 32923002 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for the Roof coverage converts to ACV if 15yrs or older. Note: a copy of the exception approval was not in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. 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. |
[Redact] in reserves | [Redact],Originator Pre-Close,Aggregator [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2025-02-27): Client elected to waive the condition with the following Comp Factor: [Redact] in reserves Seller Comment (2025-02-27): UW Management LOE |
02/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 222934109 | [Redact] | [Redact] | 32923003 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The file is missing a tax cert or other documentation to verify the tax amount used to qualify. | Reviewer Comment (2025-02-25): Received Tax Certificate. Exception Cleared. Seller Comment (2025-02-25): Tax Info Based on Improvements- [Redact] |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222953145 | [Redact] | [Redact] | [Redact] | 32920907 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-07): Waived on Rate Lock: Collateral cleared by Custodian |
04/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222954407 | [Redact] | [Redact] | [Redact] | 32921554 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-01): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222954445 | [Redact] | [Redact] | [Redact] | 32921875 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-25): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-24): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | N/A | No | ||||||||||||||
| 222954445 | [Redact] | [Redact] | [Redact] | 33094796 | Credit | Credit | Miscellaneous | Credit | Miscellaneous Credit (Non-Material): | Discrepancy on 1003, subject property is listed as primary instead of investment property. Please provide LOE from borrower or a corrected 1003 reflecting the subject as an investment. | Reviewer Comment (2025-03-24): Revised 1003 provided Seller Comment (2025-03-24): Please see attached 1003. |
03/24/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | N/A | No | |||||||||||||
| 222959863 | [Redact] | [Redact] | [Redact] | 32929874 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-07): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-04): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222960008 | [Redact] | [Redact] | [Redact] | 32929965 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-31): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/31/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222960012 | [Redact] | [Redact] | [Redact] | 32929980 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-14): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-13): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222960012 | [Redact] | [Redact] | [Redact] | 33007186 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Missing the tax cert or documentation to support the tax amount used to qualify. | Reviewer Comment (2025-03-19): Tax Cert provided. Exception cleared. Seller Comment (2025-03-18): Tax bill based on land is attached. Based on tax rate and purchase price taxes are [Redact]. Higher amount of [Redact] was in our system of record and used for qualifying. |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 222960026 | [Redact] | [Redact] | [Redact] | 32930060 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-24): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-21): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222960954 | [Redact] | [Redact] | [Redact] | 32931206 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-18): [Redact] collateral delivered [Redact] via [Redact] tracking [Redact] |
04/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222960989 | [Redact] | [Redact] | 32943854 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact] Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-03-02): Received RCE. Exception Cleared. Seller Comment (2025-02-28): Please see attached agreed value estimator |
03/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222960991 | [Redact] | [Redact] | 32965574 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Per the tape data, the lender qualified using the lower CDA value to calculate the LTV. The LTV of 78.62069% exceeds the guideline max of 75.00% for a cash out refinance. | Reviewer Comment (2025-03-05): Lender response identified the appraised value was used to qualify. Data tape discrepancy acknowledged as tape used the lower CDA value. Seller Comment (2025-03-04): As-is value from the apppraisal is used to underwrite the file, As-is value - [Redact] |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222961014 | [Redact] | [Redact] | [Redact] | 32931222 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-31): (Rate Lock) [Redact] |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222961017 | [Redact] | [Redact] | [Redact] | 32931223 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-17): Collateral delivered [Redact] via [Redact] [Redact] |
04/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222962230 | [Redact] | [Redact] | [Redact] | 32935923 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-25): collateral delivered [Redact] via [Redact] tracking [Redact] |
03/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222962230 | [Redact] | [Redact] | [Redact] | 33082737 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-03-21): Received Replacement Cost Estimator. Exception Cleared. Seller Comment (2025-03-20): rce |
03/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | N/A | No | |||||||||||||
| 222962286 | [Redact] | [Redact] | [Redact] | 32936043 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-15): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
05/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222962601 | [Redact] | [Redact] | [Redact] | 32936546 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-25): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-24): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222969302 | [Redact] | [Redact] | [Redact] | 32943742 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-01): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222969436 | [Redact] | [Redact] | [Redact] | 32944191 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-27): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-26): collateral delivered [Redact] via [Redact] tracking [Redact] |
03/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222969436 | [Redact] | [Redact] | [Redact] | 33103402 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | Missing final CD or Settlement Statement to verify funds from sale of REO at [Redact]. | Reviewer Comment (2025-03-26): Received Seller Closing Disclosure. Exception Cleared. Seller Comment (2025-03-25): CD from sale |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 222969436 | [Redact] | [Redact] | [Redact] | 33103404 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | Missing final CD or Settlement Statement to verify funds from sale of REO at [Redact]. | Reviewer Comment (2025-03-26): Received Seller Closing Disclosure. Exception Cleared. Seller Comment (2025-03-25): CD from sale uploaded to your site |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 222969436 | [Redact] | [Redact] | [Redact] | 33103408 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Missing final CD or Settlement Statement to verify funds from sale of REO at [Redact]. | Reviewer Comment (2025-03-26): Received Seller Closing Disclosure. Exception Cleared. Seller Comment (2025-03-25): CD from sale uploaded to your site |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 222969436 | [Redact] | [Redact] | [Redact] | 33103443 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2025-03-26): Received Seller Closing Disclosure. Exception Cleared. |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 222969436 | [Redact] | [Redact] | [Redact] | 33104056 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD (Asset) not provided | Missing final CD or Settlement Statement to verify funds from sale of REO at [Redact]. | Reviewer Comment (2025-03-26): Received Seller Closing Disclosure. Exception Cleared. Seller Comment (2025-03-25): CD from sale uploaded to your site |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 222970766 | [Redact] | [Redact] | [Redact] | 32945848 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-28): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-27): (Rate Lock) [Redact] |
03/28/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 222970766 | [Redact] | [Redact] | [Redact] | 33107061 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | The file is missing documentation from the seller confirming the condo is warrantable. Note: the HOA questionnaire in file from the HOA is not acceptable. | Reviewer Comment (2025-03-26): Documentation from the seller provided verifying the project is warrantable Seller Comment (2025-03-26): Attached the Condo Review |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||
| 222972021 | [Redact] | [Redact] | [Redact] | 32948029 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-25): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
03/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222972152 | [Redact] | [Redact] | [Redact] | 32948094 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-15): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-14): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 222972152 | [Redact] | [Redact] | [Redact] | 33230076 | 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 is given for 'First time investor and short-term rental with LTV 80%'. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. The representative FICO score exceeds the guideline minimum by at least 40 points. |
Post close assets: [Redact] liquid 15 months where 6 months is required (2X) DSCR 1.73 where the minimum is 1.15 FICO: 781 where the minimum is 700 |
Originator Pre-Close,Aggregator,[Redact] [Redact] Aggregator,[Redact] Originator Pre-Close,Aggregator,[Redact] |
Reviewer Comment (2025-04-10): Client elected to waive the condition with the following Compensating Factors: DSCR 1.73 where the minimum is 1.15 Post close assets: [Redact] liquid 15 months where 6 months is required (2X) FICO: 781 where the minimum is 700 |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||
| 222972152 | [Redact] | [Redact] | [Redact] | 33230077 | 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 is given for 'First time investor and short-term rental with LTV 80%'. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. The representative FICO score exceeds the guideline minimum by at least 40 points. |
Post close assets: [Redact] liquid 15 months where 6 months is required (2X) DSCR 1.73 where the minimum is 1.15 FICO: 781 where the minimum is 700 |
Originator Pre-Close,Aggregator,[Redact] [Redact] Aggregator,[Redact] Originator Pre-Close,Aggregator,[Redact] |
Reviewer Comment (2025-04-10): Client elected to waive the condition with the following Compensating Factors: DSCR 1.73 where the minimum is 1.15 Post close assets: [Redact] liquid 15 months where 6 months is required (2X) FICO: 781 where the minimum is 700 |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||
| 222973544 | [Redact] | [Redact] | 32957422 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unable to document [Redact] housing payments from credit report and no verification of rent in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The representative FICO score exceeds the guideline minimum by at least 40 points. |
84.03 months reserves | [Redact],Originator Pre-Close,Aggregator [Redact] [Redact] |
Reviewer Comment (2025-03-04): Client elected to waive the condition with the following compensating factor: 84.03 months reserves Seller Comment (2025-03-04): Exception from file |
03/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 222973544 | [Redact] | [Redact] | 32960108 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Acknowledged - Dry state - Effective date on or before disbursement date. | Reviewer Comment (2025-03-10): PCCD and settlement statement provided verifying an updated disbursement date. Seller Comment (2025-03-10): Final Settlement Stmt and PC CD |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222976100 | [Redact] | [Redact] | [Redact] | 32953361 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-17): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
04/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 222976100 | [Redact] | [Redact] | [Redact] | 33246206 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy has a coverage amount of [Redact] this is less than the note amount of [Redact] Please provide an updated title Commitment or final title. | 04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 222976426 | [Redact] | [Redact] | [Redact] | 32954278 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-01): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222977164 | [Redact] | [Redact] | [Redact] | 32956510 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-18): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222979280 | [Redact] | [Redact] | [Redact] | 32963795 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-25): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-24): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 222979280 | [Redact] | [Redact] | [Redact] | 33325194 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception approval to allow use of rent from ADU ([Redact]) and Main home ([Redact]) to meet DSCR. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. 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. |
**LTV 50 is 30 below program maximum (80). **Credit score 765 is 85 points above program minimum (680). |
[Redact] [Redact] Originator Pre-Close,Aggregator,[Redact] Originator Pre-Close,Aggregator,[Redact] |
Reviewer Comment (2025-04-22): Client elected to waive the condition with the following Compensating Factors: **Use of leases (over market rent) is the more conservative approach resulting in positive cash flow of 1.21. **LTV 50 is 30 below program maximum (80). **Credit score 765 is 85 points above program minimum (680). |
04/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| 222979338 | [Redact] | [Redact] | [Redact] | 32963889 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-10): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-08): Collateral delivered on [Redact] via [Redact] tracking number [Redact]. |
04/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222979467 | [Redact] | [Redact] | [Redact] | 32964292 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-31): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/31/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222979588 | [Redact] | [Redact] | [Redact] | 32964811 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-25): collateral delivered [Redact] via [Redact] tracking [Redact] |
03/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222979629 | [Redact] | [Redact] | [Redact] | 32964983 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-17): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
04/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 222979629 | [Redact] | [Redact] | [Redact] | 33249066 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The commitment title report in file disclosed [Redact] of title insurance Coverage; however, this is less than the loan amount of [Redact] | 04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 222979629 | [Redact] | [Redact] | [Redact] | 33274079 | 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) ___. | DSCR 1.18 vs 1.25 required using the [Redact] history. Client exception made, however the file is missing the exception approval. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
FICO: 755 where 680 is minimum | [Redact],Originator Pre-Close,Aggregator [Redact] |
Reviewer Comment (2025-04-18): Client elected to waive the condition with the following Compensating Factors: FICO: 755 where 680 is minimum REO Equity: [Redact] Property management experience: 26 units currently managing Seller Comment (2025-04-17): Please see attached SLE Reviewer Comment (2025-04-15): Short term rental income used to qualify. DSCR 1.18 vs 1.25 required using the [Redact] history. Client exception made, however the file is missing the exception approval. Exception Remains. Seller Comment (2025-04-15): UW response: Copy of lease is not required on purchase. |
04/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||
| 222980467 | [Redact] | [Redact] | [Redact] | 32965607 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-09): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-03): (Rate Lock) [Redact] |
04/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222980494 | [Redact] | [Redact] | [Redact] | 32965701 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-07): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-04): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222981018 | [Redact] | [Redact] | [Redact] | 32966696 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-31): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/31/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 222981018 | [Redact] | [Redact] | [Redact] | 33126680 | 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) ___. | Borrower is a first time investor. Minimum DSCR requirement is 1.15. Lender approved exception in loan file with compensating factors. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
64.14 LTV is 10 below max (75). [Redact] post-close reserves (149 month; or 24x). 775 FICO is 75 points over min (700). |
Originator Pre-Close,Aggregator,[Redact] Aggregator,[Redact] [Redact],Originator Pre-Close,Aggregator |
Reviewer Comment (2025-03-26): Client elected to waive the condition with the following Compensating Factors: 64.14 LTV is 10 below max (75). [Redact] post-close reserves (149 month or 24x). 775 FICO is 75 points over min (700). |
03/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||
| 222983344 | [Redact] | [Redact] | [Redact] | 32973928 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-10): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-08): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222983822 | [Redact] | [Redact] | [Redact] | 32975008 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-28): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-27): (Rate Lock) [Redact] |
03/28/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222984180 | [Redact] | [Redact] | [Redact] | 32975564 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-07): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-04): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
04/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222984406 | [Redact] | [Redact] | [Redact] | 32975709 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-22): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-18): (Rate Lock) [Redact] |
04/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222986487 | [Redact] | [Redact] | [Redact] | 32980966 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-09): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-03): (Rate Lock) [Redact] |
04/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222992049 | [Redact] | [Redact] | [Redact] | 32983972 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-17): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
04/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222995328 | [Redact] | [Redact] | [Redact] | 32983984 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-06): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-05): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 222995377 | [Redact] | [Redact] | [Redact] | 32983987 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-15): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-14): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223002818 | [Redact] | [Redact] | [Redact] | 32988700 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-25): Per [Redact] tracking [Redact], the collateral was delivered on [Redact] at 9:11 am. |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223002826 | [Redact] | [Redact] | [Redact] | 32988799 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-27): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-26): collateral delivered [Redact] via [Redact] tracking [Redact] |
03/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223002833 | [Redact] | [Redact] | [Redact] | 32988846 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-22): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-21): Collateral was delivered on [Redact] via [Redact] tracking [Redact] |
04/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223002848 | [Redact] | [Redact] | [Redact] | 32988895 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-07): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-04): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
04/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223002995 | [Redact] | [Redact] | [Redact] | 32989555 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-22): Collateral was delivered on [Redact] via [Redact] tracking [Redact] |
04/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223003009 | [Redact] | [Redact] | [Redact] | 32989602 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-07): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-04): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
04/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223003056 | [Redact] | [Redact] | [Redact] | 32989710 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-01): Collateral delivered [Redact] via [Redact] tracking [Redact] |
04/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223003082 | [Redact] | [Redact] | [Redact] | 32989735 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-14): (Rate Lock) [Redact] |
04/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223003117 | [Redact] | [Redact] | [Redact] | 32989872 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-22): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-21): Collateral was delivered on [Redact] via [Redact] tracking [Redact] |
04/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223003117 | [Redact] | [Redact] | [Redact] | 33290845 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | The borrower is a first time investor and per the guidelines, the max LTV/CLTV is 75.00%. | Reviewer Comment (2025-05-05): Additional documentation provided and borrower is not a first time investor. Prior ownership in the last 36 months confirmed Seller Comment (2025-05-02): Please see attached explanation from our UW manager. Reviewer Comment (2025-04-24): Unable to verify 12 months consecutive landlord experience within 3 years due to insufficient docs. Docs provided only show that the property was previously owned with two other non borrowing persons and that it was not a principal residence. No documentation confirming property was an investment property and had been previously rented. Seller Comment (2025-04-23): UW Response: Borrower is not a FTI. Documentation was uploaded showing the prior ownership of a rental property owned for 12 months and sold within the last 36 months. Please see attached documentation. Seller Comment (2025-04-23): ownership change |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223003117 | [Redact] | [Redact] | [Redact] | 33290846 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | The borrower is a first time investor and per the guidelines, the max LTV/CLTV is 75.00%. | Reviewer Comment (2025-05-05): Additional documentation provided and borrower is not a first time investor. Prior ownership in the last 36 months confirmed Seller Comment (2025-05-02): Please see attached explanation from our UW manager. Reviewer Comment (2025-04-24): Unable to verify 12 months consecutive landlord experience within 3 years due to insufficient docs. Docs provided only show that the property was previously owned with two other non borrowing persons and that it was not a principal residence. No documentation confirming property was an investment property and had been previously rented. Seller Comment (2025-04-23): UW Response: Borrower is not a FTI. Documentation was uploaded showing the prior ownership of a rental property owned for 12 months and sold within the last 36 months. Please see attached documentation. |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223003201 | [Redact] | [Redact] | [Redact] | 32990573 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-15): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
05/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223003258 | [Redact] | [Redact] | [Redact] | 32990704 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-31): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/31/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223003297 | [Redact] | [Redact] | [Redact] | 32990786 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-15): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223003297 | [Redact] | [Redact] | [Redact] | 33472944 | Credit | Collateral | Missing/Incorrect | Collateral | Collateral report shows issues with Note. | Monthly P&I does not agree with Schedule SCH: [Redact] NOTE:[Redact] | Buyer Comment (2025-05-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-16): Please match the scheduled to the Note. |
05/21/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||||||
| 223003302 | [Redact] | [Redact] | [Redact] | 32990840 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-17): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
04/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223003306 | [Redact] | [Redact] | [Redact] | 32990882 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-02): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223005477 | [Redact] | [Redact] | [Redact] | 32997437 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-15): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-14): Collateral delivered on [Redact] via [Redact] tracking number [Redact]. |
04/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223005477 | [Redact] | [Redact] | [Redact] | 33228879 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Hazard insurance policy not provided. | Reviewer Comment (2025-04-10): Received HOI policy. Exception Cleared. Seller Comment (2025-04-10): Please see attached policy. |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223006070 | [Redact] | [Redact] | [Redact] | 32999061 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-22): Collateral was delivered on [Redact] via [Redact] tracking [Redact] |
04/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223006070 | [Redact] | [Redact] | [Redact] | 33311621 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate not provided. | Reviewer Comment (2025-04-22): Received Business Purpose Certificate. Exception Cleared. Seller Comment (2025-04-21): Business Purpose Cert |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223006924 | [Redact] | [Redact] | [Redact] | 33000229 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-22): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223008437 | [Redact] | [Redact] | 33036720 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed [Redact] of title insurance coverage; however this is less than the loan amount of [Redact]. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | 03/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 223008587 | [Redact] | [Redact] | [Redact] | 33003982 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-12): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-09): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
05/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223008924 | [Redact] | [Redact] | [Redact] | 33005425 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-01): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-28): (Rate Lock) [Redact] |
04/01/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223009194 | [Redact] | [Redact] | [Redact] | 33005697 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-25): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-24): (Rate Lock) [Redact] |
03/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223009194 | [Redact] | [Redact] | [Redact] | 33064699 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception for Cash out to cash out seasoning is approved contingent on a minimum 12 months of reserves and proof of release of lien. A0.25 Pricing hit applies. The file is missing a copy of the Lender Exception approval form. This will be downgraded and waived once received. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower's Experience/Track Record |
Client elect to waive with compensating factors: Pre close assets: [Redact] 21 months reserves. 3 months reserves is required. (7X) Client elect to waive with compensating factors: Property Management experience Property management experience including Multi families dating back to 1997 |
[Redact],Originator Pre-Close,Aggregator Aggregator |
Reviewer Comment (2025-03-20): Client elect to waive with compensating factors: Pre close assets: [Redact] 21 months reserves. 3 months reserves is required. (7X) Property Management experience Property management experience including Multi families dating back to 1997 Seller Comment (2025-03-20): Attached the [Redact] Approved Exception. |
03/20/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| 223009197 | [Redact] | [Redact] | [Redact] | 33005706 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-15): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-14): Collateral delivered on [Redact] via [Redact] tracking number [Redact]. |
04/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223010094 | [Redact] | [Redact] | [Redact] | 33006409 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-10): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-09): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223011319 | [Redact] | [Redact] | 33006725 | Compliance | Compliance | State Compliance | State Late Charge | Note Error: Note late charge percentage exceeds maximum per state | Buyer Comment (2025-02-25): Acknowledged non material |
02/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | No | |||||||||||||
| 223011319 | [Redact] | [Redact] | 33006726 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception in file. The borrower is a 50% owner of the LLC taking title; the other member/owner will not be on the loan. DSCR requires each LLC member must provide person guarantee/be borrower. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The representative FICO score exceeds the guideline minimum by at least 40 points. |
LTV is 50% with a max LTV of 70% | [Redact],Aggregator [Redact] [Redact] [Redact] |
Reviewer Comment (2025-02-24): Lender approved to waive with compensating factors. |
02/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | No | |||||||||
| 223013894 | [Redact] | [Redact] | [Redact] | 33015649 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-08): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-07): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223015081 | [Redact] | [Redact] | [Redact] | 33018858 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-02): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
05/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223016846 | [Redact] | [Redact] | [Redact] | 33023737 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-28): Collateral delivered [Redact] via [Redact] tracking [Redact] |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223016846 | [Redact] | [Redact] | [Redact] | 33341991 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate not provided | Reviewer Comment (2025-04-28): Received Business Purpose Certificate. Exception Cleared. Seller Comment (2025-04-25): business purpose |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223018143 | [Redact] | [Redact] | [Redact] | 33024025 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-28): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-24): (Rate Lock) [Redact] |
04/28/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223018246 | [Redact] | [Redact] | [Redact] | 33024287 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-04): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-03): Collateral delivered on [Redact] via [Redact] tracking [Redact]. |
04/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223018259 | [Redact] | [Redact] | [Redact] | 33024390 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-22): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-21): (Rate Lock) [Redact] |
04/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223025803 | [Redact] | [Redact] | [Redact] | 33030488 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-07): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-04): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223034624 | [Redact] | [Redact] | [Redact] | 33031731 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-18): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223034624 | [Redact] | [Redact] | [Redact] | 33276782 | 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 75.00000% exceeds Guideline loan to value percentage of 70.00000% due to a 5% reduction in LTV for declining property values (Short Term Rental). | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The representative FICO score exceeds the guideline minimum by at least 40 points. |
11.86 months reserves vs 6 month guideline min FICO of 806 vs 680 guideline min |
[Redact],Aggregator [Redact] Aggregator,[Redact] |
Reviewer Comment (2025-04-23): Client elected to waive the condition with the following Compensating Factors: • Market Analysis: While the last 6 months reflect a declining market the past 12 months still reflect an increase of 1.7 which is supported by CDA reflecting overall flat level. • Landlord Experience: Property management experience dating back to 2010 with 11 other investments owned • Credit Depth: Mortgage and trade history dating back to 2007 with 22 overall mortgage. All credit paid as agreed. • FICO of 806 vs 680 guideline min • 11.86 months reserves vs 6 month guideline min |
04/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||
| 223034624 | [Redact] | [Redact] | [Redact] | 33276783 | 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 75.00000% exceeds Guideline combined loan to value percentage of 70.00000% due to a 5% reduction in CLTV for declining property values (Short Term Rental). | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The representative FICO score exceeds the guideline minimum by at least 40 points. |
11.86 months reserves vs 6 month guideline min FICO of 806 vs 680 guideline min |
[Redact],Aggregator [Redact] Aggregator,[Redact] |
Reviewer Comment (2025-04-23): Client elected to waive the condition with the following Compensating Factors: • Market Analysis: While the last 6 months reflect a declining market the past 12 months still reflect an increase of 1.7 which is supported by CDA reflecting overall flat level. • Landlord Experience: Property management experience dating back to 2010 with 11 other investments owned • Credit Depth: Mortgage and trade history dating back to 2007 with 22 overall mortgage. All credit paid as agreed. • FICO of 806 vs 680 guideline min • 11.86 months reserves vs 6 month guideline min |
04/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||
| 223035483 | [Redact] | [Redact] | [Redact] | 33033359 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-22): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-21): Collateral was delivered on [Redact] via [Redact] tracking [Redact] |
04/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223036555 | [Redact] | [Redact] | 33101609 | Credit | Asset | Asset Eligibility | Asset | Guideline Issue: Seller concessions exceeds the amount allowed per credit guidelines | 4.76% seller concessions > 3% maximum allowed per guidelines. Lender exception approval in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The representative FICO score exceeds the guideline minimum by at least 40 points. |
Comp Factor: 16.91 months reserves exceeds min required of 6 months. | [Redact],Originator Pre-Close,Aggregator [Redact] [Redact] |
Reviewer Comment (2025-03-24): Client elected to waive the condition with the following Comp Factor: 16.91 months reserves exceeds min required of 6 months. |
03/24/2025 | 2 | B | B | B | B | B | [Redact] | Investment | Purchase | A | B | A | B | A | A | N/A | No | ||||||||||||||||
| 223036557 | [Redact] | [Redact] | 33074961 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Policy coverage shortfall of [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-03-28): Email from insurance company verified 100% replacement cost coverage Seller Comment (2025-03-27): Agent Email and full policy Reviewer Comment (2025-03-19): The GSE method was used to determine the coverage requirement. Since the appraisal did not provide the Total Estimate of Cost New, 80% of the appraised value is the insured value and coverage of at least [Redact] is required. The insurance is insufficient by [Redact]. Provide a copy of the replacement cost estimator from the insurance company, a revised policy/dec page with increased coverage, or documentation from the insurance company verifying the policy has Guaranteed Replacement cost coverage. Condition remains Seller Comment (2025-03-18): HOI is commercial and coverage exceeds loan amount. There is no shortfall. |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223036619 | [Redact] | [Redact] | [Redact] | 33035740 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-15): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-11): (Rate Lock) [Redact] |
04/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223036619 | [Redact] | [Redact] | [Redact] | 33230750 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The Certificate of Good standing is missing from the file. | Reviewer Comment (2025-04-18): Received Business Entity Listing. Exception Cleared. Seller Comment (2025-04-17): Attached the Certificate of Good standing. |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223037003 | [Redact] | [Redact] | [Redact] | 33036101 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-07): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-04): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223037003 | [Redact] | [Redact] | [Redact] | 33176272 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Per the guidelines a complete schedule of all indicating financed and free and clear properties. The credit application provided only shows the subject property. | Reviewer Comment (2025-04-07): 1003 with sch of REO provided Seller Comment (2025-04-07): 1003 |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| 223037003 | [Redact] | [Redact] | [Redact] | 33176514 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Loan qualified using allowing the use of ADU rental income. Client exception approval in file | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
**Credit score 765 is 45 points above program minimum (720). **Post-close reserves [Redact] (5.4x; subject [Redact]x6= [Redact]). |
[Redact],Originator Pre-Close,Aggregator Originator Pre-Close,Aggregator,[Redact] |
Reviewer Comment (2025-04-02): Client elected to waive the condition with the following Compensating Factors: **Use of market rents (over leases) for subject and ADU result in positive cash flow of 1.19. **Credit score 765 is 45 points above program minimum (720). **Post-close reserves [Redact] (5.4x; subject [Redact]x6= [Redact]). |
04/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| 223038931 | [Redact] | [Redact] | [Redact] | 33040263 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-17): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223038980 | [Redact] | [Redact] | [Redact] | 33040312 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-15): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-14): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223041009 | [Redact] | [Redact] | 33072374 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Credit exception form is provided for Housing payments not verified - Unable to document [Redact] housing from [Redact]- [Redact]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The representative FICO score exceeds the guideline minimum by at least 40 points. |
11.65 months reserves exceed min required of 3 months. | Originator Pre-Close,Aggregator,[Redact] [Redact] [Redact] |
Reviewer Comment (2025-03-18): Client elected to waive the condition with the following Compensating Factors: Comp Factor: 11.65 months reserves exceed min required of 3 months. |
03/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223041093 | [Redact] | [Redact] | [Redact] | 33055888 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-25): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-24): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223041355 | [Redact] | [Redact] | [Redact] | 33056777 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-28): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223041355 | [Redact] | [Redact] | [Redact] | 33344112 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing documentation to verify borrower's percentage of ownership in LLC. Vesting in the name of an LLC requires all owners to be listed as borrowers on the transaction. | Reviewer Comment (2025-05-02): Proof of ownership provided; guarantor is 100% owner Seller Comment (2025-04-30): Borrower was originally 90% owner of LLC. Buyout agreement shows borrower buying remaining 10% of business prior to closing. Reviewer Comment (2025-04-28): The file is missing docs confirming the sale of the other two 5% owners to the guarantor, making the guarantor 100% owner. Condition remains Seller Comment (2025-04-25): two 5% owners sold their interest in LLC prior to closing. Borrower became 100% owner of business. |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223047542 | [Redact] | [Redact] | [Redact] | 33057558 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-18): Collateral was delivered on [Redact] via [Redact] tracking [Redact] |
04/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 223047542 | [Redact] | [Redact] | [Redact] | 33287376 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. | Lender exception approval for first time investor. Borrower has prior Landlord experience, but not within previous 3 years. Compensating factors : [Redact] reserves vs [Redact] required. Previous landlord experience thrpough 2017. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
FICO: 800 where 700 is minimum Reserves: [Redact] 48 months where 6 is required (8X) |
[Redact],Aggregator Originator Pre-Close,Aggregator,[Redact] |
Reviewer Comment (2025-04-16): Client elect to waive with compensating factors: FICO: 800 where 700 is minimum Reserves: [Redact] 48 months where 6 is required (8X) |
04/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||
| 223047887 | [Redact] | [Redact] | [Redact] | 33058330 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-03-31): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-03-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
03/31/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 223047887 | [Redact] | [Redact] | [Redact] | 33124930 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | 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. | 03/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| 223053498 | [Redact] | [Redact] | [Redact] | 33063892 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-28): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-25): collateral [Redact] via [Redact] tracking [Redact] |
04/28/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223053510 | [Redact] | [Redact] | [Redact] | 33064153 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-02): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
05/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223053535 | [Redact] | [Redact] | [Redact] | 33064234 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-17): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
04/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223053679 | [Redact] | [Redact] | [Redact] | 33064481 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-07): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-04): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
04/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223053679 | [Redact] | [Redact] | [Redact] | 33179671 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | The file is missing a copy of the final 1003. Per the guidelines, all real estate owned must be disclosed on the application with the full PITIA. The initial 1003 in file did not have the REO section completed. | Reviewer Comment (2025-04-04): Received updated 1003. Exception Cleared. Seller Comment (2025-04-03): Please see attached 1003. |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223053930 | [Redact] | [Redact] | [Redact] | 33065200 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-01): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223054355 | [Redact] | [Redact] | [Redact] | 33066131 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-30): Waived on Rate Lock: Collateral cleared by Custodian |
04/30/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223054415 | [Redact] | [Redact] | [Redact] | 33066207 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-09): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223055546 | [Redact] | [Redact] | [Redact] | 33066440 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-28): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-25): (Rate Lock) [Redact] |
04/28/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223055584 | [Redact] | [Redact] | [Redact] | 33066497 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-09): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223055796 | [Redact] | [Redact] | 33066844 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | HUD/CD, closing statements are missing in file. | Reviewer Comment (2025-03-05): Final HUD provided Buyer Comment (2025-03-05): Uploaded signed final HUD. Reviewer Comment (2025-03-05): The HUD 1 statement is missing signature page. Buyer Comment (2025-02-28): Uploaded final HUD. |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223055796 | [Redact] | [Redact] | 33066845 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | 1003 Final is missing in file. | Reviewer Comment (2025-03-05): Credit application provided, exception cleared. Buyer Comment (2025-02-28): Uploaded commercial loan app. |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223056605 | [Redact] | [Redact] | [Redact] | 33074424 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-17): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
04/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 223056605 | [Redact] | [Redact] | [Redact] | 33247419 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Transaction is non-arms length. Buyer is purchasing subject from family and is acting as his own agent on the transaction. Client exception approval in file. | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
DSCR of 1.83 is 0.68 over min (1.15) [Redact] post-close reserves (32 months 5x). 811 FICO is 111 points over min (700). |
Originator Pre-Close,Aggregator,[Redact] Originator Pre-Close,Aggregator,[Redact] Originator Pre-Close,Aggregator,[Redact] |
Reviewer Comment (2025-04-14): Client elect to waive with compensating factors: [Redact] post-close reserves (32 months 5x). DSCR of 1.83 is 0.68 over min (1.15) 811 FICO is 111 points over min (700). |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| 223056957 | [Redact] | [Redact] | [Redact] | 33075011 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-28): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-25): (Rate Lock) [Redact] |
04/28/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223062258 | [Redact] | [Redact] | [Redact] | 33075666 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-23): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223062544 | [Redact] | [Redact] | [Redact] | 33076258 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-17): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-16): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
04/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223062996 | [Redact] | [Redact] | [Redact] | 33077105 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-15): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
05/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223063028 | [Redact] | [Redact] | [Redact] | 33077331 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223063028 | [Redact] | [Redact] | [Redact] | 33342806 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | Security Instrument. | Reviewer Comment (2025-04-28): Received Security Instrument. Exception Cleared. Seller Comment (2025-04-25): Please see attached mortgage. |
04/28/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | |||||||||||||
| 223065057 | [Redact] | [Redact] | [Redact] | 33077458 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223065057 | [Redact] | [Redact] | [Redact] | 33331107 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | File does not contain documentation from lender/seller confirming the condo is warrantable. | Reviewer Comment (2025-04-29): Documentation provided verified the Condo project is Non-Warrantable. Exception Cleared. Seller Comment (2025-04-28): Please see attached approval. |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||
| 223066000 | [Redact] | [Redact] | [Redact] | 33082274 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-22): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-21): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223066000 | [Redact] | [Redact] | [Redact] | 33307164 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | The file is missing a copy of the final 1003. Per the guidelines, all real estate owned must be disclosed on the application with the full PITIA. The credit application in file did not have the REO section completed. | Reviewer Comment (2025-04-21): Received 1003. Exception Cleared. Seller Comment (2025-04-21): 1003 |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223068394 | [Redact] | [Redact] | [Redact] | 33083528 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-07): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-04): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
04/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223068854 | [Redact] | [Redact] | [Redact] | 33083682 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-16): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223069212 | [Redact] | [Redact] | [Redact] | 33084278 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-08): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-07): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223073969 | [Redact] | [Redact] | [Redact] | 33085008 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-22): Collateral was delivered on [Redact] via [Redact] tracking [Redact] |
04/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 223073969 | [Redact] | [Redact] | [Redact] | 33304310 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has current H1B Visa including pending application for perm resident status. Client exception approval in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The representative FICO score exceeds the guideline minimum by at least 40 points. |
[Redact] post-close reserves (121 months 20x). | Originator Pre-Close,Aggregator,[Redact] [Redact] [Redact] |
Reviewer Comment (2025-04-21): Client elected to waive the condition with the following Compensating Factors: Borrower has current H1B Visa including pending application for perm resident status. [Redact] post-close reserves (121 months 20x). 5-year history managing multiple mortgage all paid as agreed |
04/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||
| 223074015 | [Redact] | [Redact] | [Redact] | 33085224 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-15): (Rate Lock) [Redact] |
04/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223074078 | [Redact] | [Redact] | [Redact] | 33085535 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-25): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-24): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223076472 | [Redact] | [Redact] | [Redact] | 33088966 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-06-02): collateral delivered [Redact] via [Redact] tracking [Redact] |
06/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223078942 | [Redact] | [Redact] | [Redact] | 33089476 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-22): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223080654 | [Redact] | [Redact] | [Redact] | 33090733 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-02): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
05/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223080660 | [Redact] | [Redact] | [Redact] | 33090766 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-19): Waived on Rate Lock: Collateral cleared by Custodian |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223081684 | [Redact] | [Redact] | [Redact] | 33091315 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-02): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223082097 | [Redact] | [Redact] | [Redact] | 33091324 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-22): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-20): (Rate Lock) [Redact] |
05/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223082097 | [Redact] | [Redact] | [Redact] | 33474947 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-05-30): Received Replacement Cost Estimator. Exception Cleared. Seller Comment (2025-05-29): Attached the RCE. |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223083828 | [Redact] | [Redact] | [Redact] | 33092546 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-25): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-23): (Rate Lock) [Redact] |
04/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223083828 | [Redact] | [Redact] | [Redact] | 33303331 | Credit | Insurance | Insurance Documentation | Insurance | Insurance Policy Expiration Date is less than 30 days of the Note Date and does not have automatic renewal. | Insurance Policy Expiration Date is less than 30 days of the Note Date. Provide a copy of the renewal policy or declarations page. | Reviewer Comment (2025-05-05): Renewed policy provided. Exception cleared. Seller Comment (2025-05-05): Attached the Updated HOI Reviewer Comment (2025-04-28): The renewal policy is not in file. Page 272 is the RCE, a copy of the renewal policy is required. Condition remains Seller Comment (2025-04-28): The renewed policy can be found on page 272 of [Redact]. Please Cancel. |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223083852 | [Redact] | [Redact] | [Redact] | 33092595 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-30): (Rate Lock) [Redact] |
05/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223083859 | [Redact] | [Redact] | [Redact] | 33092599 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-08): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-07): (Rate Lock) [Redact] |
05/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223090363 | [Redact] | [Redact] | [Redact] | 33096647 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-12): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 223090363 | [Redact] | [Redact] | [Redact] | 33435181 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | There is an approved lender exception in the file to allow cash out refi. of retained property that is currently Vacant. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Post Close assets: [Redact] 34 months reserves where 6 months is minimum (5X) not including cash out proceeds of [Redact] | [Redact],Originator Pre-Close,Aggregator | Reviewer Comment (2025-05-09): Client elect to waive with compensating factors: Post Close assets: [Redact] 34 months reserves where 6 months is minimum (5X) not including cash out proceeds of [Redact] |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| 223095646 | [Redact] | [Redact] | 33105636 | 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 ___. | Novice Investor, 5% LTV reduction. Lender exception approval provided in loan file. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. |
Guidelines Representative FICO: 680; Representative FICO: 743 | [Redact],Aggregator [Redact] |
Reviewer Comment (2025-03-26): Client elected to waive the condition with the following comp factor: FICO: 743 |
03/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| 223095646 | [Redact] | [Redact] | 33105637 | 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 ___. | Novice Investor, 5% LTV reduction. Lender exception approval provided in loan file. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. |
Guidelines Representative FICO: 680; Representative FICO: 743 | [Redact],Aggregator [Redact] |
Reviewer Comment (2025-03-26): Client elected to waive the condition with the following comp factor: FICO: 743 |
03/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| 223095647 | [Redact] | [Redact] | 33107076 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | 9 of the private mortgage payments on the subject were [Redact] less than the note payment amount. Lender exception approval in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
11.92 months reserves | [Redact],Originator Pre-Close,Aggregator [Redact] |
Reviewer Comment (2025-03-26): Client elected to waive the condition with the following Comp Factor: 11.92 months reserves |
03/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||
| 223111278 | [Redact] | [Redact] | [Redact] | 33101687 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-18): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223111567 | [Redact] | [Redact] | [Redact] | 33102339 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-01): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223115041 | [Redact] | [Redact] | [Redact] | 33103684 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-14): please advise if anything else is needed Seller Comment (2025-05-08): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223115041 | [Redact] | [Redact] | [Redact] | 33447565 | Credit | Collateral | Missing/Incorrect | Collateral | Collateral report shows issues with Note. | Monthly P&I does not agree with Schedule SCH: [Redact] NOTE:[Redact] | Buyer Comment (2025-05-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-13): Please match the schedule to the Note. |
05/21/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||||||
| 223115060 | [Redact] | [Redact] | [Redact] | 33103768 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-15): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-14): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223115060 | [Redact] | [Redact] | [Redact] | 33443376 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Upon further review, the file is short reserves by 2.7 months or [Redact]. The difference is due to the file is missing proof of the [Redact] EMD. Provide proof of the EMD and the source of the funds used to make the EMD. | Reviewer Comment (2025-05-27): Revised 1003 provided and there are sufficient funds from the 1031 exchange to meet the cash due at closing and the reserves Seller Comment (2025-05-23): 1031 exchange covers more than what is needed for closing and checking covers 6 months of reserves. Updated 1003 attached. Reviewer Comment (2025-05-21): 1003 provided verified net proceeds of [Redact] were used to qualify. The updated amount was still not sufficient to meet the reserve requirement. Per the final CD, funds of [Redact] were needed to close ([Redact] EMD + [Redact] 1031 exchange funds). The assets verified in file were [Redact] ([Redact] in account xx[Redact] + [Redact] 1031 exchange funds), resulting in reserve of [Redact]. Per the guides, 6 months PITIA reserves were required or [Redact]. The reserves are insufficient by [Redact]. Condition remains Seller Comment (2025-05-20): 1003 Reviewer Comment (2025-05-15): Final 1003 qualified using only [Redact] proceeds from 1031 exchange. Agree that proceeds were [Redact]. Provide a revised 1003 using the accurate amount of proceeds used to qualify. Seller Comment (2025-05-14): 1031 exchange covers all funds to close and EMD. EMD wire in file shows it came from 1031 exchange and 1031 exchange shows balance of [Redact], this amount was lowered in the system to only cover what was needed to close. Reserves are coming from [Redact]. Required reserves are [Redact] and account had a balance of [Redact] |
05/27/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||||||
| 223115060 | [Redact] | [Redact] | [Redact] | 33443378 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | Upon further review, the file is short reserves by 2.7 months or [Redact]. The difference is due to the file is missing proof of the [Redact] EMD. Provide proof of the EMD and the source of the funds used to make the EMD. | Reviewer Comment (2025-05-27): Revised 1003 provided and there are sufficient funds from the 1031 exchange to meet the cash due at closing and the reserves Seller Comment (2025-05-23): 1031 exchange covers more than what is needed for closing and checking covers 6 months of reserves. Updated 1003 attached. Reviewer Comment (2025-05-21): 1003 provided verified net proceeds of [Redact] were used to qualify. The updated amount was still not sufficient to meet the reserve requirement. Per the final CD, funds of [Redact] were needed to close ([Redact] EMD + [Redact] 1031 exchange funds). The assets verified in file were [Redact] ([Redact] in account xx[Redact] + [Redact] 1031 exchange funds), resulting in reserve of [Redact]. Per the guides, 6 months PITIA reserves were required or [Redact]. The reserves are insufficient by [Redact]. Condition remains Seller Comment (2025-05-20): 1003 Reviewer Comment (2025-05-15): Final 1003 qualified using only [Redact] proceeds from 1031 exchange. Agree that proceeds were [Redact]. Provide a revised 1003 using the accurate amount of proceeds used to qualify. Seller Comment (2025-05-14): 1031 exchange covers all funds to close and EMD. EMD wire in file shows it came from 1031 exchange and 1031 exchange shows balance of [Redact], this amount was lowered in the system to only cover what was needed to close. Reserves are coming from [Redact]. Required reserves are [Redact] and account had a balance of [Redact] |
05/27/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||||||
| 223115915 | [Redact] | [Redact] | [Redact] | 33106198 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-22): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223115915 | [Redact] | [Redact] | [Redact] | 33303699 | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | Flood Certification does not reflect the unit number. | Reviewer Comment (2025-04-24): Updated Flood Cert Received. Exception cleared. Seller Comment (2025-04-23): flood cert |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223117276 | [Redact] | [Redact] | [Redact] | 33112773 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-30): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-29): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
04/30/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223117298 | [Redact] | [Redact] | [Redact] | 33112881 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-15): Waived on Rate Lock: Collateral cleared by Custodian |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223117871 | [Redact] | [Redact] | [Redact] | 33113753 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-28): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223123733 | [Redact] | [Redact] | [Redact] | 33116417 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-14): please advise if there is anything else needed for this loan Seller Comment (2025-05-07): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223123733 | [Redact] | [Redact] | [Redact] | 33429182 | Credit | Collateral | Missing/Incorrect | Collateral | Collateral report shows issues with Note. | Date of First Payment does not agree with Schedule SCH: [Redact] NOTE: [Redact] | Buyer Comment (2025-05-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-08): Please match the schedule to the Note. |
05/21/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||||||
| 223125021 | [Redact] | [Redact] | [Redact] | 33117074 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-10): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-09): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
04/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223125021 | [Redact] | [Redact] | [Redact] | 33200580 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Per the guidelines All real estate owned, along with any associated lien(s), must be disclosed on the application with the full PITIA. The borrower has several mortgages on their credit report Please provide a 1003 with all of the REOs owned. | Reviewer Comment (2025-04-09): Received final 1003. Exception Cleared. Seller Comment (2025-04-08): Please see attached 1003. |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223127305 | [Redact] | [Redact] | 33137490 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact] Provide updated policy reflecting minimum coverage of [Redact],the provided replacement cost estimate shows that the subject is under insured | Reviewer Comment (2025-04-01): Agreed value per the RCE supports that there is sufficient coverage Seller Comment (2025-04-01): Coverage is agreed value not RC |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127319 | [Redact] | [Redact] | 33138368 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | The file is missing the Authorization to obtain consumer and credit reports disclosure. | Reviewer Comment (2025-04-02): Authorization provided Seller Comment (2025-04-02): CAF uploaded |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127320 | [Redact] | [Redact] | 33144231 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Business checking account used to qualify was documented with a printout from [Redact]-[Redact]. Two months consecutive asset statements are required, | Reviewer Comment (2025-04-03): Account not used to qualify. Exception Cleared. Seller Comment (2025-04-03): 2 months Bank statement of [Redact]#[Redact], [Redact], uploaded, OA for the same entity is uploaded - 100% owned by one of the borrowers. Reviewer Comment (2025-04-02): Required two months consecutive Bank statements for [Redact]. Exception Remains. Seller Comment (2025-04-01): Uploaded 2 months consecutive bank statements and OA |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223127324 | [Redact] | [Redact] | 33141000 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | [Redact] Business Account verified is less than 2 months. | Reviewer Comment (2025-04-07): Bank statements provided Seller Comment (2025-04-07): Provided [Redact] account bank statement has enough liquidity to cover the reserves, not sure why [Redact], statement is required Reviewer Comment (2025-04-06): Provided statement already present in file. Required 2 month statement for [Redact]. Exception Remains. Seller Comment (2025-04-04): 2 months Bank statement of [Redact]#[Redact], [Redact], uploaded, OA for the same entity is uploaded - 100% owned by one of the borrowers. Reviewer Comment (2025-04-02): Required two months consecutive Bank statements for [Redact]. Exception Remains. Seller Comment (2025-04-01): 2 months consecutive bank statements and OA uploaded |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223127326 | [Redact] | [Redact] | 33142199 | Credit | Loan Package Documentation | Closing / Title | Collateral | Security Instrument is not signed by borrower(s). | Note and Security Instrument were only executed by 1 of the 2 guarantors. | Reviewer Comment (2025-03-31): As per operating agreement managing member has signed the note. Exception Cleared. Seller Comment (2025-03-31): The entity [Redact] is managed by its "Managing Member" [Redact] and he has signed the Note. Attached OA for your reference. |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223127328 | [Redact] | [Redact] | 33143927 | Credit | Investment Product | General | Investment Product | REO property does not have a lease in place and required by guidelines. | - | The file was missing a copy of the Lease Agreement. | Reviewer Comment (2025-04-01): Lease agreement provided Seller Comment (2025-04-01): Lease uploaded |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223127328 | [Redact] | [Redact] | 33151222 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The file is missing documentation to verify the tax amount the lender used to qualify. | Reviewer Comment (2025-04-02): Lender identified the estimated taxes used to qualify since property is new construction Seller Comment (2025-04-02): Tax cert uploaded, Property is 2024 built, taking a tax estimate of [Redact] considering the comparable properties. |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127329 | [Redact] | [Redact] | 33142046 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Account Months Verified is less than 2 months (most recent 30 day statement ending [Redact] provided) for [Redact] account number ending [Redact] | Reviewer Comment (2025-03-31): Account not used to qualify. Exception Cleared. Seller Comment (2025-03-31): Here's the signed settlement Statement proving the borrower has liquid assets in excess than needed. He received [Redact] from the sale of his investment property |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223127329 | [Redact] | [Redact] | 33142052 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Missing the operating agreement of the ownership entity detailing ownership and access to available funds for [Redact] account number ending [Redact]. | Reviewer Comment (2025-03-31): Account not used to qualify. Exception Cleared. Seller Comment (2025-03-31): Here's the signed settlement Statement proving the borrow has liquid assets in excess than needed. He received [Redact] from the sale of his investment property |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127329 | [Redact] | [Redact] | 33142055 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 3.44 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2025-03-31): Received settlement statement. Exception Cleared. Seller Comment (2025-03-31): Here's the signed settlement Statement proving the borrower has liquid assets in excess than needed. He received [Redact] from the sale of his investment property. |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127330 | [Redact] | [Redact] | 33144153 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | HUD/CD not provided. | Reviewer Comment (2025-04-03): Final Settlement statement provided Seller Comment (2025-04-02): HUD uploaded |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127332 | [Redact] | [Redact] | 33151250 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | The file is missing a copy of the lease agreement to verify the [Redact]/month rent used to qualify. Note: file contained a lease agreement for [Redact]; however the subject property is [Redact]. | Reviewer Comment (2025-04-10): Lease agreement provided Seller Comment (2025-04-10): Updated corrected lease uploaded |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127333 | [Redact] | [Redact] | 33148645 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact] Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-02): Received Replacement Cost Estimator. Exception Cleared. Seller Comment (2025-04-01): RCE [Redact]- Carrier calculates [Redact] per SQ for full RC value of home. Received higher coverage than estimated as agreed value. |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127336 | [Redact] | [Redact] | 33148455 | Credit | Title | General | Title | Final 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 (2025-04-03): Updated final title policy provided Seller Comment (2025-04-02): Updated Final policy uploaded |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127336 | [Redact] | [Redact] | 33148463 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Required operating agreement of the ownership entity detailing ownership and access to available funds. | Reviewer Comment (2025-04-02): Lender provided response removing the additional business assets from qualification and the loan still had sufficient reserves verified. Seller Comment (2025-04-02): [Redact] bank statement ending #[Redact] has more than required liquidity to close the loan. Operating agreement and bank statement re- uploaded. Please clear Reviewer Comment (2025-04-02): Required Operating Agreement for [Redact]. Exception Remains. Seller Comment (2025-04-02): Operating agreement for [Redact] has been uploaded Seller Comment (2025-04-02): Operating agreement for [Redact] uploaded |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127336 | [Redact] | [Redact] | 33148464 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Required operating agreement of the ownership entity detailing ownership and access to available funds. | Reviewer Comment (2025-04-02): Lender provided response removing the additional business assets from qualification and the loan still had sufficient reserves verified. Seller Comment (2025-04-02): [Redact] bank statement ending #[Redact] has more than required liquidity to close the loan. Operating agreement and bank statement re- uploaded. Please clear Reviewer Comment (2025-04-02): Required Operating Agreement for [Redact]. Exception Remains. Seller Comment (2025-04-02): Operating agreement for [Redact] has been uploaded Seller Comment (2025-04-02): Operating agreement for [Redact] uploaded |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127337 | [Redact] | [Redact] | 33143244 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | The Operating Agreement is in the name of [Redact]. Please provide the Operating Agreement for [Redact]. | Reviewer Comment (2025-04-07): Updated Note and Security Instrument provided correcting the LLC name Seller Comment (2025-04-04): Updated closing package uploaded with correct entity name as [Redact] Seller Comment (2025-04-04): Entity name is [Redact], updated closing documents uplaoded[Redact] |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223127337 | [Redact] | [Redact] | 33143250 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2025-04-07): Updated Note and Security Instrument provided correcting the LLC name Seller Comment (2025-04-04): Entity name is [Redact], updated closing documents uplaoded[Redact] |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||||
| 223127337 | [Redact] | [Redact] | 33143255 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | The Articles of Organization is in the name of [Redact]. Please provide the Articles of Organization for [Redact]. | Reviewer Comment (2025-04-07): Updated Note and Security Instrument provided correcting the LLC name Seller Comment (2025-04-04): Updated closing package uploaded with correct entity name as [Redact] Seller Comment (2025-04-04): Entity name is [Redact], updated closing documents uplaoded[Redact] |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223127337 | [Redact] | [Redact] | 33143287 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | The city of the subject property does not match the note. Also, please update the insured to Holdings instead of Housing. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The representative FICO score exceeds the guideline minimum by at least 40 points. |
• Reserves: 126.16m • FICO: 756 |
[Redact],Aggregator [Redact] Aggregator,[Redact] |
Reviewer Comment (2025-04-08): Client elected to waive the condition with the following compensating factors: • Reserves: 126.16m • FICO: 756 Reviewer Comment (2025-04-08): [Redact] is not an acceptable city name for the zip code. The HOI city name of [Redact] is correct. Therefore all other docs identifying [Redact] as the city must be updated. Provide a revised Note and Security Agreement and proof the Security Agreement will be re-recorded with the correct city name of [Redact]. Note: the flood cert and title in file identified the correct city name of [Redact]. Condition remains Reviewer Comment (2025-04-07): Per the [Redact] lookup and other documentation in file, the city of [Redact] is correct. The HOI does not need to be updated; however the Note and Security Agreement need to be updated from [Redact] to [Redact]. Provide a revised Note and Security Agreement and proof the Security Agreement will be re-recorded with the correct city name. Note: the flood cert and title in file identified the correct city name. Seller Comment (2025-04-07): Uploaded [Redact] lookup, insurance company uses [Redact] as property address verification, and they can't change the town name to [Redact]. Seller Comment (2025-04-07): ** Seller Comment (2025-04-07): Uploaded [Redact] lookup Reviewer Comment (2025-04-07): Revised policy with updated address not received. Exception Remains. Seller Comment (2025-04-04): Insurance address and updated note address matches |
04/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223127337 | [Redact] | [Redact] | 33143288 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | The EIN is in the name of [Redact]. Please provide the EIN for [Redact]. | Reviewer Comment (2025-04-07): Received EIN. Exception Cleared. Seller Comment (2025-04-04): Updated closing package uploaded with correct entity name as [Redact] |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223127341 | [Redact] | [Redact] | 33148850 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | The borrower is short funds to close and reserves,there was only [Redact] in verified assets. | Reviewer Comment (2025-04-03): Received Closing Statement. Exception Cleared. Seller Comment (2025-04-02): Cahout from other loan is used to close this loan |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127341 | [Redact] | [Redact] | 33148854 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | The borrower is short funds to close and reserves,there was only [Redact] in verified assets. | Reviewer Comment (2025-04-03): Received Closing Statement. Exception Cleared. Seller Comment (2025-04-02): Cahout from other loan is used to close this loan, HUD uploaded |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127341 | [Redact] | [Redact] | 33148855 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | The borrower is short funds to close and reserves,there was only [Redact] in verified assets. | Reviewer Comment (2025-04-03): Received Closing Statement. Exception Cleared. Seller Comment (2025-04-02): Cahout from other loan is used to close this loan, HUD uploaded |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127341 | [Redact] | [Redact] | 33148858 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | The borrower is short funds to close and reserves,there was only [Redact] in verified assets. | Reviewer Comment (2025-04-03): Received Closing Statement. Exception Cleared. Seller Comment (2025-04-02): Cahout from other loan is used to close this loan, HUD uploaded |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127343 | [Redact] | [Redact] | 33173126 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | The file is missing the Authorization to obtain consumer and credit reports disclosure. | Reviewer Comment (2025-04-04): Authorization provided Seller Comment (2025-04-04): Credit authorizatio for borroers uploaded |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127348 | [Redact] | [Redact] | 33155084 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | The borrower is short funds to close and reserves, there was only [Redact] in verified assets. | Reviewer Comment (2025-04-07): Proof of additional deposit and source provided Seller Comment (2025-04-04): Please look at [Redact] of both statemetns, withdraw of [Redact] from one and [Redact] from the other that broke out into 2 checks. [Redact] went to the seller and [Redact] went to title for closing, checks sent to Seller and title uplaoded Seller Comment (2025-04-04): Please look at [Redact] of both statemetns, withdraw of [Redact] from one and [Redact]from the other that broke out into 2 checks. [Redact] went to the seller and [Redact] went to title for closing, checks sent to Seller and title uplaoded Reviewer Comment (2025-04-04): Proof of receipt of these funds by the title company is required. A copy of the wire transfer/receipt or copy of the check will clear the condition. Condition remains Seller Comment (2025-04-03): Withdrawal of [Redact] on [Redact] went to closing for the purchase so that was part of the funds used to buy the property Reviewer Comment (2025-04-03): Additional copies of the assets included in the initial file were provided. There is no change in the calculations. Note: the rebuttal is using balances on accounts xx[Redact] and xx[Redact] from older statements, the more recent statements in file verified balances of [Redact] (as of [Redact]) for account xx[Redact] and [Redact] (as of [Redact]) for account xx[Redact]. The statement for account xx[Redact] shows a withdrawal of [Redact] on [Redact], but unable to determine if this was sent to the title company for funds to close. Condition is valid and remains open Seller Comment (2025-04-03): Updated bank statements uploaded including cheque of [Redact] as EMD has been uploaded [Redact] #[Redact] [Redact] [Redact] #[Redact] [Redact] [Redact] #[Redact] [Redact] [Redact] #[Redact] [Redact] EMD: [Redact] Total: [Redact] Seller Comment (2025-04-03): Updated bank statements uploaded including cheque of [Redact] as EMD has been uploaded [Redact] #[Redact] [Redact] [Redact] #[Redact] [Redact] [Redact] #[Redact] [Redact] [Redact] #[Redact] [Redact] EMD: [Redact] Total: [Redact] Seller Comment (2025-04-03): Updated bank statements uploaded including cheque of [Redact] as EMD has been uploaded [Redact] #[Redact] [Redact] [Redact] #[Redact] [Redact] [Redact] #[Redact] [Redact] [Redact] #[Redact] [Redact] EMD: [Redact] Total: [Redact] Seller Comment (2025-04-03): Updated bank statements uploaded including cheque of [Redact] as EMD has been uploaded [Redact] #[Redact] [Redact] [Redact] #[Redact] [Redact] [Redact] #[Redact] [Redact] [Redact] #[Redact] [Redact] EMD: [Redact] Total: [Redact] Reviewer Comment (2025-04-03): Calculated cash to close required [Redact](Cash to Close [Redact] + EMD [Redact]) and required 6 months reserve which is not met asset requirement. There is a shortage of assets of [Redact]. Exception Remains. Seller Comment (2025-04-02): Liquidity docs uploaded Seller Comment (2025-04-02): Bank statements and Operating agreement to tie to borrower uploaded. |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127348 | [Redact] | [Redact] | 33155086 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | The borrower is short funds to close and reserves, there was only [Redact] in verified assets. | Reviewer Comment (2025-04-07): Proof of additional deposit and source provided Seller Comment (2025-04-04): Please look at [Redact] of both statemetns, withdraw of [Redact] from one and [Redact] from the other that broke out into 2 checks. [Redact] went to the seller and [Redact] went to title for closing, checks sent to Seller and title uplaoded Reviewer Comment (2025-04-04): Proof of receipt of these funds by the title company is required. A copy of the wire transfer/receipt or copy of the check will clear the condition. Condition remains Seller Comment (2025-04-03): Withdrawal of [Redact] on [Redact] went to closing for the purchase so that was part of the funds used to buy the property Reviewer Comment (2025-04-03): Additional copies of the assets included in the initial file were provided. There is no change in the calculations. Note: the rebuttal is using balances on accounts xx[Redact] and xx[Redact] from older statements, the more recent statements in file verified balances of [Redact] (as of [Redact]) for account xx[Redact] and [Redact] (as of [Redact]) for account xx[Redact]. The statement for account xx[Redact] shows a withdrawal of [Redact] on [Redact], but unable to determine if this was sent to the title company for funds to close. Condition is valid and remains open Seller Comment (2025-04-03): Updated statements and proof of EMD uploaded Reviewer Comment (2025-04-03): Calculated cash to close required [Redact](Cash to Close [Redact] + EMD [Redact]) and required 6 months reserve which is not met asset requirement. There is a shortage of assets of [Redact]. Exception Remains. Seller Comment (2025-04-02): updated bank statements uploaded |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127348 | [Redact] | [Redact] | 33155087 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | The borrower is short funds to close and reserves, there was only [Redact] in verified assets. | Reviewer Comment (2025-04-07): Proof of additional deposit and source provided Seller Comment (2025-04-04): Please look at [Redact] of both statemetns, withdraw of [Redact] from one and [Redact] from the other that broke out into 2 checks. [Redact] went to the seller and [Redact] went to title for closing, checks sent to Seller and title uplaoded Reviewer Comment (2025-04-03): Calculated cash to close required [Redact](Cash to Close [Redact] + EMD [Redact]) and required 6 months reserve which is not met asset requirement. There is a shortage of assets of [Redact]. Exception Remains. Seller Comment (2025-04-02): updated bank statements uploaded |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127348 | [Redact] | [Redact] | 33155088 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | The borrower is short funds to close and reserves, there was only [Redact] in verified assets. | Reviewer Comment (2025-04-07): Proof of additional deposit and source provided Seller Comment (2025-04-04): Please look at [Redact] of both statemetns, withdraw of [Redact] from one and [Redact] from the other that broke out into 2 checks. [Redact] went to the seller and [Redact] went to title for closing, checks sent to Seller and title uplaoded Reviewer Comment (2025-04-03): Calculated cash to close required [Redact](Cash to Close [Redact] + EMD [Redact]) and required 6 months reserve which is not met asset requirement. There is a shortage of assets of [Redact]. Exception Remains. Seller Comment (2025-04-02): Additional bank statements uploaded Seller Comment (2025-04-02): updated bank statements uploaded |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223127353 | [Redact] | [Redact] | 33177087 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | The Authorization to obtain consumer and credit reports and release is missing in the file. | Reviewer Comment (2025-04-04): Received Credit Report Authorization. Exception Cleared. Seller Comment (2025-04-03): Credit authorization uploaded |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223128323 | [Redact] | [Redact] | [Redact] | 33125276 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-18): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 223128323 | [Redact] | [Redact] | [Redact] | 33279559 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | 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. | 04/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 223128659 | [Redact] | [Redact] | [Redact] | 33126671 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-06): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-02): (Rate Lock) [Redact] |
05/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223130395 | [Redact] | [Redact] | [Redact] | 33128483 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-09): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-08): (Rate Lock) [Redact] |
04/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223130395 | [Redact] | [Redact] | [Redact] | 33149991 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bylaws not provided | Reviewer Comment (2025-04-09): Received Bylaws document. Exception Cleared. Seller Comment (2025-04-08): Attached By Laws |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223130395 | [Redact] | [Redact] | [Redact] | 33149995 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2025-04-09): Received Business Entity document. Exception Cleared. Seller Comment (2025-04-08): Attached Certificate of Good Standing |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223130395 | [Redact] | [Redact] | [Redact] | 33150004 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Reviewer Comment (2025-04-09): Received Employer Identification Number (EIN) document. Exception Cleared. Seller Comment (2025-04-08): Attached EIN |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223130972 | [Redact] | [Redact] | 33177038 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | The homeowner's insurance declarations page in the file verified an effective date of [Redact] which is after the consummation date of [Redact]. Provide a revised homeowner's insurance declaration page or policy verifying coverage in effect at or prior to consummation. | Reviewer Comment (2025-04-09): PCCD and Closing Statement provided. Exception cleared. Seller Comment (2025-04-09): Final Settlement stmt Reviewer Comment (2025-04-04): PCCD provided verifying an updated disbursement date. A copy of the final settlement statement confirming the updated disbursement date is also required. Condition remains Seller Comment (2025-04-03): CD - disbursement date [Redact] |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223130975 | [Redact] | [Redact] | 33179149 | 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/CLTV for cash out refinance with the FICO score < 700 is 70.00%. Loan closed at 75.00%. Lender exception approval in file | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | 25.10 months reserves | [Redact],Originator Pre-Close,Aggregator | Reviewer Comment (2025-04-03): Client elected to waive the condition with the following Comp Factor: 25.10 months reserves |
04/03/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| 223130975 | [Redact] | [Redact] | 33179150 | 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/CLTV for cash out refinance with the FICO score < 700 is 70.00%. Loan closed at 75.00%. Lender exception approval in file | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | 25.10 months reserves | [Redact],Originator Pre-Close,Aggregator | Reviewer Comment (2025-04-03): Client elected to waive the condition with the following Comp Factor: 25.10 months reserves |
04/03/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| 223130978 | [Redact] | [Redact] | 33176735 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Policy coverage shortfall of [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-04): RCE provided Seller Comment (2025-04-03): RCE |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223132569 | [Redact] | [Redact] | [Redact] | 33134573 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-08): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-07): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223134062 | [Redact] | [Redact] | [Redact] | 33134696 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-06): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-05): Collateral delivered on [Redact] via [Redact] tracking number [Redact]. |
05/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223134287 | [Redact] | [Redact] | [Redact] | 33134935 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-01): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223134333 | [Redact] | [Redact] | 33135265 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing. | Reviewer Comment (2025-03-18): Received Operating agreement for [Redact]. Exception Cleared Buyer Comment (2025-03-17): new operating agreement Reviewer Comment (2025-03-03): Received Operating agreement however Name of Business Shows [Redact] where borrower name is [Redact], Name change Operating agreement amendment is missing Buyer Comment (2025-03-03): operating agreement starts on page 2 Reviewer Comment (2025-02-04): Noted [Redact]. however Operating Agreement not received. exception remains. Buyer Comment (2025-02-04): AOO |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | B | A | A | A | N/A | No | ||||||||||||
| 223134333 | [Redact] | [Redact] | 33135266 | 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. | Verification appraisal was delivered to borrower within 3 days of closing was not provided. Waiver not provided. | Reviewer Comment (2025-02-04): Appraisal Acknowledgement signed at closing received. Exception Cleared Buyer Comment (2025-02-03): Ack of receipt. |
02/04/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Purchase | D | A | D | A | B | A | A | A | N/A | No | |||||||||||
| 223134333 | [Redact] | [Redact] | 33135267 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Lender DSCR calculation provided used an incorrect PITI. Need DSCR worksheet reflecting the actual PITI used to qualify. | Reviewer Comment (2025-03-03): Received DSCR Calculation Worksheet. Exception Cleared Buyer Comment (2025-03-03): updated 1008 with DSCR calculations |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Purchase | D | A | D | A | B | A | A | A | N/A | No | ||||||||||||
| 223134333 | [Redact] | [Redact] | 33135268 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Insufficient assets due to not using business assets...Pending a letter from the accountant of the business or an underwriter cash flow analysis and the business balance sheet to confirm that the withdrawal will not negatively impact the business. | Reviewer Comment (2025-02-27): Received CPA letter. exception cleared. Buyer Comment (2025-02-27): CPA Letter Reviewer Comment (2025-02-25): Noted cash flow analysis of business however this is DSCR loan we require a letter from the accountant of the business that confirm that the withdrawal will not negatively impact the business. exception remains. Buyer Comment (2025-02-25): Assets used effect |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | B | A | A | A | N/A | No | ||||||||||||
| 223134333 | [Redact] | [Redact] | 33135269 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Insufficient assets due to not using business assets...Pending a letter from the accountant of the business or an underwriter cash flow analysis and the business balance sheet to confirm that the withdrawal will not negatively impact the business. | Reviewer Comment (2025-02-27): Received CPA letter. exception cleared. |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | B | A | A | A | N/A | No | ||||||||||||
| 223134334 | [Redact] | [Redact] | 33135271 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report / Background check missing for borrower and guarantor. | Reviewer Comment (2025-02-21): Received Fraud Report. Exception Cleared Buyer Comment (2025-02-21): [Redact] Buyer Comment (2025-02-21): fraud report |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223134334 | [Redact] | [Redact] | 33135272 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | (DSCR Calculation Worksheet) missing. DSCR per lender 1.25 vs reviewed 1.01 | Reviewer Comment (2025-03-14): DSCR worksheet received. exception Cleared Buyer Comment (2025-03-13): DSCR Reviewer Comment (2025-02-21): Received same DSCR worksheet where PITIA shows [Redact] where as Actual PITIA is [Redact]. Exception Remains Buyer Comment (2025-02-21): DSCR worksheet Reviewer Comment (2025-02-13): Received DSCR Calculation worksheet however PITIA incorrect, Qualified PITIA is [Redact] where as Lender used in calculation worksheet [Redact]. Exception Remains Buyer Comment (2025-02-12): DSCR |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223134334 | [Redact] | [Redact] | 33135273 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement missing for [Redact] | Reviewer Comment (2025-02-21): Received Operating agreement. Exception Cleared Buyer Comment (2025-02-21): Operating agreement |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223134334 | [Redact] | [Redact] | 33135276 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Please provide an updated hazard policy with annual premium [Redact] that the Lender used. Monthly [Redact] x 12 = [Redact] vs verified premium [Redact]=[Redact]. | Reviewer Comment (2025-03-14): Received Updated PCCD, Escrow disclosure and first payment letter with change in HOI amount. Exception Cleared Buyer Comment (2025-03-13): FPL Reviewer Comment (2025-02-21): Received updated 1003/1008, however Require first payment letter, PCCD along with escrow disclosure with change in Insurance amount to [Redact] as it reflect [Redact]. Exception Remains Buyer Comment (2025-02-21): 1003 Buyer Comment (2025-02-21): 1008 |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223134336 | [Redact] | [Redact] | 33135282 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Guarantor Agreement for [Redact] is missing in file. | Reviewer Comment (2025-02-26): Received Guarantor Agreement. Exception Cleared Buyer Comment (2025-02-25): GA |
02/26/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | B | D | B | A | A | D | A | N/A | No | ||||||||||||
| 223134336 | [Redact] | [Redact] | 33135283 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | DSCR Calculation Worksheet is required as per guide. | Reviewer Comment (2025-02-26): Received DSCR calculation. Exception Cleared Buyer Comment (2025-02-25): Calculation |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Purchase | D | B | D | B | A | A | D | A | N/A | No | ||||||||||||
| 223134336 | [Redact] | [Redact] | 33135284 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Tax certificate supporting monthly Tax amount for [Redact] is missing in file. | Reviewer Comment (2025-02-26): Received Tax worksheet with Calculation. Exception Cleared Buyer Comment (2025-02-25): LOE |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | B | A | A | D | A | N/A | No | ||||||||||||
| 223134336 | [Redact] | [Redact] | 33135285 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | CPA Letter to confirm Withdrawal of the funds will not negatively impact the business is missing in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. 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. |
49 vs 3 | [Redact],Aggregator [Redact] [Redact] [Redact] |
Reviewer Comment (2025-03-04): Investor accepts and agrees to waive with compensating factors. Buyer Comment (2025-03-04): Exception from [Redact]. |
03/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | D | B | D | B | A | A | D | A | N/A | No | |||||||||
| 223134336 | [Redact] | [Redact] | 33135286 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | CDA is required and was not provided. | Reviewer Comment (2025-03-11): Received CDA. Exception Cleared Buyer Comment (2025-03-11): CDA |
03/11/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | B | D | B | A | A | D | A | N/A | No | ||||||||||||
| 223134337 | [Redact] | [Redact] | 33135288 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Fannie Mae Project approval required for the subject property | Reviewer Comment (2025-03-13): Lender attestation in file. Buyer Comment (2025-03-13): D0544 should count as Lenders attestation Reviewer Comment (2025-03-10): Require Fannie Mae project approval documentation per guide. exception remains. Buyer Comment (2025-03-10): condo warranty |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| 223134342 | [Redact] | [Redact] | [Redact] | 33135324 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-17): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
04/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223134345 | [Redact] | [Redact] | [Redact] | 33135416 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-12): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223134956 | [Redact] | [Redact] | [Redact] | 33136974 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-17): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-16): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223134967 | [Redact] | [Redact] | [Redact] | 33137056 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-02): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223153284 | [Redact] | [Redact] | [Redact] | 33138535 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223153285 | [Redact] | [Redact] | [Redact] | 33138586 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223153285 | [Redact] | [Redact] | [Redact] | 33344424 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Guidelines require a DSCR of 1.25 for short-term rentals with market scores under 60. | Reviewer Comment (2025-04-29): Received Vacation Rental income sheet. Exception Cleared. Seller Comment (2025-04-28): UW response: Disagree - the market rent from the 1007 is not required to be used in the DSCR analysis. Please refer to the [Redact] Product Summary section 30. Short Term Rental Income Documentation as well as the attached worksheet showing the DSCR calculation of 1.26 using the projected revenue from the [Redact] report. |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223157121 | [Redact] | [Redact] | 33184206 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Hazard Insurance Policy is missing, there was only an insurance application provided. | Reviewer Comment (2025-04-04): HOI declarations page provided Seller Comment (2025-04-04): HOI |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223157122 | [Redact] | [Redact] | 33183305 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2025-04-04): BPC provided Seller Comment (2025-04-04): business purpose |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223157124 | [Redact] | [Redact] | 33186695 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | Per the appraisal, the subject is "tenant" occupied and the file is missing a copy of the lease agreement. If the property is vacant, a revised appraisal is requried. | Reviewer Comment (2025-04-07): Received updated appraisal. Exception Cleared. Seller Comment (2025-04-07): Revised Appraisal |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223157124 | [Redact] | [Redact] | 33186736 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The guarantors were only 33.33% owners until three weeks prior to closing when they became 50% owners. A third owner was bought out and the seasoning requirements were not met. Lender exception approval in file. | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. Borrower has owned the subject property for at least 5 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. 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. |
1.87 DSCR > than 1.25 LTV 13.6986%' |
[Redact],Originator Pre-Close,Aggregator [Redact] [Redact] [Redact] Originator Pre-Close,Aggregator,[Redact] [Redact] |
Reviewer Comment (2025-04-07): Client elected to waive the condition with the following Comp Factor: 1.87 DSCR gt than 1.25 and LTV 13.6986%' |
04/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223157126 | [Redact] | [Redact] | 33181265 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Reviewer Comment (2025-04-10): Updated CD and settlement statement verified a later disbursement date. HOI was in effect prior to disbursement. Seller Comment (2025-04-09): final settlement stmt and PCCD |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223163442 | [Redact] | [Redact] | [Redact] | 33143705 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-30): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-29): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
04/30/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223163737 | [Redact] | [Redact] | [Redact] | 33143871 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-16): Collateral delivered on [Redact] via [Redact] tracking [Redact]. |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223163850 | [Redact] | [Redact] | [Redact] | 33143929 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223163850 | [Redact] | [Redact] | [Redact] | 33341803 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | Lease agreement is missing. | Reviewer Comment (2025-04-28): Short Term Rental. Lease agreement is not required. Exception Cleared. Seller Comment (2025-04-25): Please see attached stating rent is month to month. |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223164064 | [Redact] | [Redact] | [Redact] | 33144385 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-22): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-21): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223164070 | [Redact] | [Redact] | [Redact] | 33144424 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-23): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223166214 | [Redact] | [Redact] | [Redact] | 33148538 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-13): (Rate Lock) [Redact] |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223166246 | [Redact] | [Redact] | [Redact] | 33148657 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-06): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-05): Collateral delivered on [Redact] via [Redact] tracking number [Redact]. |
05/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223166516 | [Redact] | [Redact] | [Redact] | 33149152 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-12): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-09): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
05/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 223166516 | [Redact] | [Redact] | [Redact] | 33416399 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | 05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 223169433 | [Redact] | [Redact] | [Redact] | 33150745 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-01): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
05/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223169572 | [Redact] | [Redact] | [Redact] | 33151103 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-02): (Rate Lock) [Redact] |
05/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223169581 | [Redact] | [Redact] | [Redact] | 33151129 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-30): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-29): (Rate Lock) [Redact] |
04/30/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223169586 | [Redact] | [Redact] | [Redact] | 33151197 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-16): Collateral delivered on [Redact] via [Redact] tracking [Redact]. |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223169597 | [Redact] | [Redact] | [Redact] | 33151243 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-06): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-05): Collateral delivered on [Redact] via [Redact] tracking number [Redact]. |
05/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | B | B | B | C | A | N/A | No | ||||||||||||||
| 223169597 | [Redact] | [Redact] | [Redact] | 33365078 | 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 | The CDA in file was not completed on the appraisal in file. The appraisal in file has an effective date of [Redact] and the CDA has an effective date of [Redact]. The CDA identified the appraisal under review was completed by a different appraiser than the appraisal in file. It appears that two full appraisals were obtained. Provide a copy of the appraisal the CDA was performed on. | Reviewer Comment (2025-04-30): 2nd full appraisal obtained prior to closing was provided and matches the CDA in file. Seller Comment (2025-04-30): Please see attached appraisal. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | B | B | B | C | A | N/A | No | |||||||||||||
| 223169597 | [Redact] | [Redact] | [Redact] | 33366762 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of [Redact] is less than the note amount of [Redact] based on the Commitment in file. | 04/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | C | B | B | B | C | A | N/A | No | |||||||||||||
| 223170612 | [Redact] | [Redact] | 33153322 | Compliance | Compliance | State Compliance | State Late Charge | Note Error: Note late charge percentage exceeds maximum per state | Buyer Comment (2025-03-04): Acknowledged non material |
03/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||||
| 223170612 | [Redact] | [Redact] | 33153323 | Compliance | Loan Package Documentation | Closing / Title | Loan Package Documentation | Note Error: Note grace period days less than minimum per state | Buyer Comment (2025-03-04): Acknowledged non material |
03/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||||
| 223170618 | [Redact] | [Redact] | 33153343 | Compliance | Compliance | State Compliance | State Defect | [Redact] SB270 Prepayment Penalty Test 2009 Investment Test | [Redact] SB270: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Buyer Comment (2025-03-03): Acknowledged non material |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| 223170628 | [Redact] | [Redact] | 33153381 | 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 business days prior to consummation. | Buyer Comment (2025-03-03): Acknowledged non material |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| 223170628 | [Redact] | [Redact] | 33153382 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide Right to Receive a Copy appraisal disclosure to applicant within three business days of application | Buyer Comment (2025-03-03): Acknowledged non material |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| 223170639 | [Redact] | [Redact] | 33153416 | 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 (3) business days prior to consummation. | Buyer Comment (2025-03-05): Acknowledged non material |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| 223170639 | [Redact] | [Redact] | 33153417 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Buyer Comment (2025-03-05): Acknowledged non material |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| 223170642 | [Redact] | [Redact] | 33153430 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Disclosure was provided at closing. | Buyer Comment (2025-03-05): Acknowledged non material |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | N/A | No | |||||||||||
| 223170642 | [Redact] | [Redact] | 33153432 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity In Occupancy - Investment Loans | Loan does not qualify for Investment Loans scope because the Final 1003 does not indicate that the property will be an Investment Property or the Final 1003 Declarations, Valuation or Occupancy Cerificate indicates the borrower intends to occupy the subject property. | Reviewer Comment (2025-03-07): Received property management questionnaire. Exception cleared. Buyer Comment (2025-03-06): Per Lender: All [Redact] loans are investment-purpose only. Borrower signs a Certification of Business Purpose Loan and Non-Owner Occupancy Affidavit at closing. The loan application, attached, indicates the property is currently utilized as a short-term rental (STR). It is evident that the collateral is for investment purposes. |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | N/A | No | ||||||||||||
| 223170642 | [Redact] | [Redact] | 33153433 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Title reflects taxes are [Redact] / month and the Closing Statement reflects [Redact] / month. need evidence of actual tax amounts used to qualify. | Reviewer Comment (2025-03-10): Cleared. Received lender calculation and tax documents to verify tax rate/amount. Buyer Comment (2025-03-06): Per Lender: Previous tax year was on the land value. We need to estimate taxes on the appraised home value and appropriate mill rate. Appraised value =[Redact] x 1.48% [Redact] County, [Redact] mill rate = [Redact] taxes/yr. [Redact] / 12 = [Redact] taxes/mo. Property is exempt from [Redact] city tax. |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | N/A | No | ||||||||||||
| 223170650 | [Redact] | [Redact] | 33153453 | 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 (2025-03-13): PDI provided Buyer Comment (2025-03-12): PDI |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223170650 | [Redact] | [Redact] | 33153455 | 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 (2025-03-13): PDI provided Buyer Comment (2025-03-12): PDI |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223170650 | [Redact] | [Redact] | 33153456 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Please provided most recent tax certificates for both properties to confirm property tax in the amount.[Redact] for each property as reflected on the closing statement. PITIA and DSCR will be re-calculated once tax cert is received. | Reviewer Comment (2025-03-14): Cleared. Received correspondence from title reflecting property tax calculation. Buyer Comment (2025-03-12): LOX Buyer Comment (2025-03-12): Tax Cert for both Buyer Comment (2025-03-12): per lender : Uploaded Tax Cert for each property as well as Final HUD for review. Uploaded email explaining the Tax breakdown for reference. Total taxes for the properties is [Redact] or [Redact] each. Final HUD |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223171732 | [Redact] | [Redact] | [Redact] | 33154720 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-12): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223171863 | [Redact] | [Redact] | [Redact] | 33155096 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-15): Waived on Rate Lock: Collateral cleared by Custodian |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223171966 | [Redact] | [Redact] | [Redact] | 33155299 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-29): Collateral delivered on [Redact] via [Redact] tracking [Redact]. |
06/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223172729 | [Redact] | [Redact] | [Redact] | 33155787 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223172868 | [Redact] | [Redact] | [Redact] | 33156022 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-22): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223174420 | [Redact] | [Redact] | [Redact] | 33156127 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-09): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223174427 | [Redact] | [Redact] | [Redact] | 33156225 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-08): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-07): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223174485 | [Redact] | [Redact] | [Redact] | 33156431 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-28): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-25): Collateral was delivered on [Redact] via [Redact] tracking number [Redact]. |
04/28/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223180085 | [Redact] | [Redact] | 33189277 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Evidence of Access to funds for [Redact] account number ending [Redact] not provided. | Reviewer Comment (2025-04-06): Received Operating Agreement. Exception Cleared. Seller Comment (2025-04-04): Operating Agreement |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223180085 | [Redact] | [Redact] | 33189278 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Evidence of Access to funds for [Redact] account number ending [Redact] not provided. | Reviewer Comment (2025-04-06): Received Operating Agreement. Exception Cleared. Seller Comment (2025-04-04): operating agreement |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223180088 | [Redact] | [Redact] | 33189412 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for B2 housing payments not verified ([Redact]). | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
129.19 months reserves | [Redact],Aggregator [Redact] |
Reviewer Comment (2025-04-07): Client elected to waive the condition with the following Comp Factor: 129.19 months reserves |
04/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| 223180288 | [Redact] | [Redact] | [Redact] | 33176788 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-09): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223180291 | [Redact] | [Redact] | [Redact] | 33176843 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-12): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223180328 | [Redact] | [Redact] | [Redact] | 33176967 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-08): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223180505 | [Redact] | [Redact] | [Redact] | 33177026 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] Seller Comment (2025-04-24): Credit Report |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223181052 | [Redact] | [Redact] | [Redact] | 33177130 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-16): Waived on Rate Lock: Collateral cleared by Custodian |
04/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223181052 | [Redact] | [Redact] | [Redact] | 33184482 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. Coverage shortfall [Redact]. Provide updated Hazard Insurance Policy with Dwelling Coverage of at least [Redact] or Replacement Cost Estimator. | Reviewer Comment (2025-04-09): Received Replacement Cost Estimator. Exception Cleared. Seller Comment (2025-04-08): Attached the RCE |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223182726 | [Redact] | [Redact] | [Redact] | 33177876 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-02): Waived on Rate Lock: Collateral cleared by Custodian |
05/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223182726 | [Redact] | [Redact] | [Redact] | 33382835 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Client approved exception for FTI with DSCR score of .87 which is less than the guideline requirement of 1.00. A copy of the client's exception approval was not located in file. | Reviewer Comment (2025-05-08): Received Lender Exceptions form . Exception Cleared. Seller Comment (2025-05-07): Attached the [Redact] exception approval. |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223184140 | [Redact] | [Redact] | [Redact] | 33178288 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-08): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-06): (Rate Lock) [Redact] |
05/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223184142 | [Redact] | [Redact] | [Redact] | 33178308 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-25): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-23): (Rate Lock) [Redact] |
04/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223184534 | [Redact] | [Redact] | [Redact] | 33179351 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-09): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223184534 | [Redact] | [Redact] | [Redact] | 33411585 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | DSCR did not meet the guideline requirements. Per the DSCR worksheet in file, Units 1 and 4 are not rented and the lender did not use income from these units to qualify. The lender qualified with gross rent of [Redact], [Redact] for both units 2 & 3. However, the lease in file for unit 2 confirmed [Redact] but the market rent is [Redact] so [Redact] was used to qualify. The lease for unit 3 verified rent of [Redact] but the market rent verified was [Redact], so [Redact] was used to qualify. Gross rent of [Redact] resulted in a DSCR < 0.80. | Reviewer Comment (2025-05-19): Proof of the [Redact] rent for unit 1 provided and DSCR meets the guideline requirements. Seller Comment (2025-05-16): (Rate Lock) Copy of the check |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 223184534 | [Redact] | [Redact] | [Redact] | 33480612 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | The file is missing a copy of the lease agreement for unit 1, verifying rent of [Redact] per month. Per the guidelines, an expired lease agreement that states that the lease becomes a month-to-month lease is permitted with proof of most recent month's rental payment to the borrower. The seller provided proof of the [Redact] rental payment. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. 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. |
- Post close reserves [Redact] (2.4x) - LTV 62% is 18% below program maximum (80%) |
[Redact],Aggregator [Redact] Aggregator,[Redact] [Redact] |
Reviewer Comment (2025-05-20): Client elected to waive the condition with the following compensating factors: - Post close reserves [Redact] (2.4x) - Credit history dating back to 10/2006 (18+ years), including mortgage history for same all paid as agreed - LTV 62% is 18% below program maximum (80%) |
05/20/2025 | 2 | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||||
| 223186093 | [Redact] | [Redact] | 33183592 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | [Redact] report or similar must be included in each file submission. The report should include a comparison of all participant names against industry watch and exclusionary lists such as OFAC. | Reviewer Comment (2025-03-04): Fraud Report received, SSA-89 for already provided in the file. Credit report noted no SSA variance. Exception Cleared Buyer Comment (2025-03-04): fraud report |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | No | ||||||||||||
| 223186093 | [Redact] | [Redact] | 33183593 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | The file is missing a letter from the accountant of the business to confirm that the withdrawal of funds will not negatively impact the business. | Reviewer Comment (2025-03-20): Received updated 1003 without Business funds used for qualification. Exception Cleared Buyer Comment (2025-03-20): 1003 Reviewer Comment (2025-03-14): provide updated 1003 without business account Mentioned in asset section as per Final 1003 lender used the business account # [Redact] Buyer Comment (2025-03-13): Per Lender: We did not use the borrower's business funds for assets. Can you please remove the condition? |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | No | ||||||||||||
| 223186093 | [Redact] | [Redact] | 33183596 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing Verification of Mortgage [Redact] #[Redact] for [Redact] and [Redact]. Missing Verification of Mortgage [Redact] #[Redact] for [Redact]. Guidelines require VOM including the month prior to closing, | Reviewer Comment (2025-03-19): Noted. Credit Supplement received for [Redact] #[Redact] Dated reported until [Redact]. Exception cleared. Buyer Comment (2025-03-18): Credit supp for the [Redact] account Reviewer Comment (2025-03-05): Received [Redact] # [Redact] [Redact] Verification, however still missing for [Redact] # [Redact] as provided supplement shows reference DLA same as old DLA [Redact]. Exception Remains Buyer Comment (2025-03-05): Attached is the credit supp for the [Redact] |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | No | ||||||||||||
| 223186093 | [Redact] | [Redact] | 33183597 | 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. | Proof appraisal was sent to the borrower on [Redact] was provided. Missing evidence of receipt from the borrower. | Reviewer Comment (2025-03-04): Received Email Delivery evidence. Exception cleared Buyer Comment (2025-03-03): Confirmation of delivery |
03/04/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | No | |||||||||||
| 223186094 | [Redact] | [Redact] | 33183600 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Lender/seller confirming the condo is warrantable is missing. | Reviewer Comment (2025-03-13): Received Project approval from FNMA. Exception Cleared Buyer Comment (2025-03-12): Condo info |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | N/A | No | |||||||||||
| 223186094 | [Redact] | [Redact] | 33183601 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Prepayment has been observed on Rate lock document with 6 Month Interest and 1year Term Doc Id D0135, however no supporting document is not available like Note, Note Addendum, Prepayment Rider, and CD. | Reviewer Comment (2025-03-14): Cleared. Buyer Comment (2025-03-12): Please clear - seller has confirmed the PPP lock was an error and agreed to re-price |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | N/A | No | ||||||||||||
| 223186094 | [Redact] | [Redact] | 33183603 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | The file was missing a copy of the Notice of Special Flood Hazard Disclosure for all borrowers provided within 3 days of originator application date. | Reviewer Comment (2025-03-06): Flood cert was dated [Redact], disclosure was dated same day and timely. |
03/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | N/A | No | |||||||||||
| 223186094 | [Redact] | [Redact] | 33183604 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Please provide an HOA doc for the subject property for [Redact] per month. Appraisal states [Redact] | Reviewer Comment (2025-03-21): Received updated DSCR calculation worksheet. Exception Cleared Buyer Comment (2025-03-20): Per lender : Please see attached updated 1008 Reviewer Comment (2025-03-19): Received PCCD and 1003 with correction in HOA amount. Require updated 1008 with revised DSCR calculation with HOA amount [Redact] as lender used [Redact]. Exception Remains Buyer Comment (2025-03-18): HOA Update Reviewer Comment (2025-03-17): Closing disclosure to reflect HOA [Redact] in monthly non-escrow payment. exception remains. Buyer Comment (2025-03-14): Please see attached 1003. Loan has been updated to reflect [Redact] HOA as per Appraisal. |
03/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | N/A | No | ||||||||||||
| 223186095 | [Redact] | [Redact] | 33183605 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud Report is missing in file. | Reviewer Comment (2025-03-18): Received Fraud Report Exception Cleared Buyer Comment (2025-03-17): Fraud Report |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| 223186095 | [Redact] | [Redact] | 33183607 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC report for borrower is missing in file. | Reviewer Comment (2025-03-18): Received Fraud Report with OFAC status Pass. Exception Cleared Buyer Comment (2025-03-17): Per Lender: Fraud is uploaded now with OFAC on Borrower |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223186095 | [Redact] | [Redact] | 33183610 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Primary Residence [Redact] - Free and Clear- Missing Fraud Report/Verification | Reviewer Comment (2025-03-21): Received Property history report confirm no open mortgage since the purchase. Exception Cleared Buyer Comment (2025-03-20): Property Report Reviewer Comment (2025-03-18): Fraud Report noted [Redact] Mortgage on the property and Credit report does not have Mortgage Tradeline. Require Evidence Property is being Free and clear Buyer Comment (2025-03-17): Per Lender: Does the fraud report take care of this condition as well? |
03/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223186096 | [Redact] | [Redact] | 33183611 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Missing DSCR calculation worksheet with breakdown of PITI considered. | Reviewer Comment (2025-03-21): Received DSCR Calculation worksheet. Exception Cleared Buyer Comment (2025-03-20): 1008 Reviewer Comment (2025-03-19): Noted 1008 but PITIA [Redact] not matches with lender [Redact] causing DSCR mismatch from calculated 1.07 vs lender 1.03. required updated DSCR calculation exception remains. Buyer Comment (2025-03-19): see 1008 D0172 and D0382 |
03/21/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223186097 | [Redact] | [Redact] | 33183614 | 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. | Post Disaster Inspection report is missing. | Reviewer Comment (2025-03-24): Received 442 / Certificate of Completion reflects no damage to the subject the property. exception clealred. Buyer Comment (2025-03-21): Per lender : appraisal with Final Inspection dated [Redact] no fie damage |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223186098 | [Redact] | [Redact] | 33183617 | Credit | Credit | Miscellaneous | Credit | Reverification of mortgage is inconsistent with original VOM | Need verification payment to Truist due [Redact] was paid within month due. | Reviewer Comment (2025-03-26): Verified mortgage payment due for [Redact] from bank statement already available in file. exception cleared Buyer Comment (2025-03-24): The payment was withdraw from the [Redact] bank account. Statement was uploaded with package. Statement period [Redact] to [Redact]. Mtg payment withdrawn on [Redact] for [Redact] |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223186613 | [Redact] | [Redact] | [Redact] | 33183988 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-22): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-21): Collateral was delivered on [Redact] via [Redact] tracking [Redact] |
04/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223186613 | [Redact] | [Redact] | [Redact] | 33279969 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Valuation and Desk Review address or [Redact] does not match Note address of [Redact] and [Redact]. Valuation does include information about the parcel on [Redact]. | Reviewer Comment (2025-04-17): Legal description on appraisal and CDA match the legal on title. There are two lots included Seller Comment (2025-04-16): UW explanation: both lots are included in parcel noted on page 1. photo of second parcel on page 29. pages 38 and 39 also reflect second lot included in appraisal. |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||
| 223187787 | [Redact] | [Redact] | [Redact] | 33185596 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-02): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223187798 | [Redact] | [Redact] | [Redact] | 33185664 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-30): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-29): (Rate Lock) [Redact] |
04/30/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223188401 | [Redact] | [Redact] | [Redact] | 33186404 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-15): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-14): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223188641 | [Redact] | [Redact] | [Redact] | 33187019 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-04): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-29): (Rate Lock) [Redact] |
06/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223189626 | [Redact] | [Redact] | [Redact] | 33191133 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-15): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-14): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223189862 | [Redact] | [Redact] | [Redact] | 33192209 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-22): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-21): Collateral was delivered on [Redact] via [Redact] tracking [Redact] |
04/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223193078 | [Redact] | [Redact] | [Redact] | 33192903 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-12): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223193078 | [Redact] | [Redact] | [Redact] | 33447563 | Credit | Collateral | Missing/Incorrect | Collateral | Collateral report shows issues with Note. | Monthly P&I does not agree with Schedule SCH: [Redact] NOTE: [Redact] | Buyer Comment (2025-05-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-13): Please match the schedule to the Note. |
05/21/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||||||
| 223193188 | [Redact] | [Redact] | [Redact] | 33193650 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-15): (Rate Lock) [Redact] |
04/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223193191 | [Redact] | [Redact] | [Redact] | 33193710 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-15): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223193233 | [Redact] | [Redact] | [Redact] | 33193793 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-01): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
05/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223194045 | [Redact] | [Redact] | [Redact] | 33194791 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-30): collateral delivered [Redact] via [Redact] tracking [Redact] Seller Comment (2025-05-27): collateral delivered [Redact] sent via [Redact] tracking [Redact] |
06/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223194212 | [Redact] | [Redact] | [Redact] | 33195085 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-15): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
05/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223194298 | [Redact] | [Redact] | [Redact] | 33195379 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-15): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223195049 | [Redact] | [Redact] | [Redact] | 33199793 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-15): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223195389 | [Redact] | [Redact] | [Redact] | 33200900 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-15): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
05/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 223195389 | [Redact] | [Redact] | [Redact] | 33446308 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy has a coverage amount of [Redact] this is less than the note amount of [Redact] Please provide an updated title Commitment or final title. | 05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| 223195857 | [Redact] | [Redact] | [Redact] | 33202908 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-04): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-06-03): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
06/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223195978 | [Redact] | [Redact] | [Redact] | 33203526 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-15): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223195978 | [Redact] | [Redact] | [Redact] | 33449070 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | The file is missing a copy of the lease agreement for unit 2. Per the appraisal, unit 2 is currently rented for [Redact] per month with a begin and end date of [Redact]-[Redact]. | Reviewer Comment (2025-05-16): Lease agreement provided Seller Comment (2025-05-15): Please see attached copy of lease. Reviewer Comment (2025-05-15): Lease provided; however only pages 1 and 2 of 16 were provided. Provide a copy of the complete lease agreement. Condition remains Seller Comment (2025-05-14): Please see attached lease. |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223196180 | [Redact] | [Redact] | [Redact] | 33204241 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-22): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-18): (Rate Lock) [Redact] |
04/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223196989 | [Redact] | [Redact] | [Redact] | 33204669 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-16): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223204368 | [Redact] | [Redact] | [Redact] | 33211691 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-09): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223212336 | [Redact] | [Redact] | 33229395 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | The file was missing a copy of the Closing Protection Letter. | Reviewer Comment (2025-04-14): Received Closing Protection Letter. Exception Cleared. Seller Comment (2025-04-11): CPL |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223212337 | [Redact] | [Redact] | 33230447 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | The file was missing a copy of the Security Instrument - Subject Lien. | Reviewer Comment (2025-04-18): Received Security Instrument. Exception Cleared. Seller Comment (2025-04-17): DOT |
04/18/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223212337 | [Redact] | [Redact] | 33230918 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - 1-4 Family not provided | Reviewer Comment (2025-04-18): Received 1-4 Family Rider. Exception Cleared. Seller Comment (2025-04-17): DOT |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | |||||||||||||||
| 223213344 | [Redact] | [Redact] | [Redact] | 33218549 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-28): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223214265 | [Redact] | [Redact] | [Redact] | 33219378 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-20): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-19): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
05/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223217159 | [Redact] | [Redact] | [Redact] | 33225634 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-12): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223222565 | [Redact] | [Redact] | 33245394 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender used the higher lease payment to qualify for unit 1. The higher lease is within 20%; however the guides require proof of receipt of two months payments to use the higher amount. | Reviewer Comment (2025-04-23): Revised DSCR worksheet provided using the lower rent for unit 1. Seller Comment (2025-04-23): Updated DSCR Calc Reviewer Comment (2025-04-18): Clarification provided and the lender qualified with the higher lease amount of [Redact] for unit 1. The appraisal identified the market rent for unit 1 as [Redact]. The higher lease amount is within 20%; therefore in order to use the [Redact] lease amount, proof of two months receipt is required. If the lower market rent is used, provide a revised DSCR worksheet identifying the gross rent of [Redact] to calculate a DSCR of 1.08. Condition remains Seller Comment (2025-04-17): UW LOE and Supporting docs Reviewer Comment (2025-04-16): Unable to determine the rent used to qualify of [Redact] per the lender response. Per the lease agreements and appraisal in file, the rent and market rents below were verified: Unit 1: rent [Redact] per renewal; market rent [Redact]. Unit 2: rent [Redact] (includes taxes) per lease agreement; market rent [Redact]. Unit 3: rent [Redact] (includes taxes) per renewal; market rent [Redact]. Unit 4: Unleased and no rental income used to qualify. Provide a breakdown of the rental income used to qualify. Condition remains Seller Comment (2025-04-14): UW LOE |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223222565 | [Redact] | [Redact] | 33245395 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | The CD in file did not identify the sales price on page 1. The "Appraised Prop. Value" was listed as if this is a refinance. Provide a copy of the CD identifying the purchase price. | Reviewer Comment (2025-04-17): Revised CD provided Seller Comment (2025-04-16): PC CD Reviewer Comment (2025-04-16): The appraised value should never be disclosed on a purchase transaction. The CD should identify "Sales Price" in the Closing Information section. A revised CD is required. Condition remains Seller Comment (2025-04-14): Closing LOE |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223223947 | [Redact] | [Redact] | 33229858 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Require tax information sheet. lender used annual tax amount of [Redact]. | Reviewer Comment (2025-03-28): Received updated 1003 and Updated DSCR Calculation worksheet. PCCD Already provided. exception Cleared Buyer Comment (2025-03-27): 1003/1008 and dscr worksheet Reviewer Comment (2025-03-21): Noted. DSCR worksheet received. Final 1003 and DSCR worksheet reflects incorrect P&I amount due to which there is a mismatch in PITIA. Corrected final 1003 & DSCR calculation worksheet is required. (P&I: [Redact] / Taxes: [Redact] / Insurance: [Redact] / HOA: [Redact] = Total PITIA = [Redact]). Exception Remains. Buyer Comment (2025-03-21): DSCR calc Reviewer Comment (2025-03-19): Received updated 1003 with updated tax amount. DSCR calculation to be updated with tax amount change. exception remains. Buyer Comment (2025-03-19): 1003 Reviewer Comment (2025-03-18): Noted. Received PCCD with tax amount updated. Required Updated 1003 and DSCR calculation worksheet reflecting updated DSCR ratios with Updated PITIA due to change in the Tax amount. Tax amount updated as [Redact] as per document and PCCD data. Exception Remains. Buyer Comment (2025-03-17): closing disclosure Reviewer Comment (2025-03-11): Lender to Confirm the actual Tax amount is require to used for qualification along with supporting document, updated 1003 and PCCD with change in Tax amount. Exception Remains Buyer Comment (2025-03-10): Per Lender: We cannot locate the tax cert that was used to support this amount -please tell me how we need to rectify this so we can clear the condition- do you want a revised CD? Thank you |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | ||||||||||||
| 223223947 | [Redact] | [Redact] | 33229859 | 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. | Verification appraisal was delivered to borrower was not provided. | Buyer Comment (2025-03-12): Lender acknowledged non material EV2 Buyer Comment (2025-03-12): LOE |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| 223223947 | [Redact] | [Redact] | 33229860 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Require Right to Receive Copy of Appraisal. | Reviewer Comment (2025-03-07): Received Right to received copy of appraisal. Exception Cleared Buyer Comment (2025-03-06): Right to Receive |
03/07/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| 223223948 | [Redact] | [Redact] | 33229861 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is missing. | Reviewer Comment (2025-03-19): Received Fraud Report of both borrower. Exception Cleared Buyer Comment (2025-03-18): Fraud report |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223223948 | [Redact] | [Redact] | 33229862 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC is missing. | Reviewer Comment (2025-03-19): Received Fraud Report with OFAC Status pass. Exception Cleared Buyer Comment (2025-03-18): see fraud report |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223223948 | [Redact] | [Redact] | 33229863 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | DSCR Calculation Worksheet is missing. | Reviewer Comment (2025-03-21): DSCR Worksheet Received. Exception Cleared Buyer Comment (2025-03-20): Calc Reviewer Comment (2025-03-19): Received Worksheet however it does not have DSCR calculation. It noted Rental income not disclosed Estimated rent taken from [Redact]. Require DSCR Ratio Calculation. Exception Remains Buyer Comment (2025-03-18): dscr worksheet |
03/21/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223223948 | [Redact] | [Redact] | 33229864 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Tax Certificate is missing for [Redact]/month | Reviewer Comment (2025-03-31): Corrected DSCR income calc provided. Buyer Comment (2025-03-31): See revised income calc Reviewer Comment (2025-03-28): Provide revised DSCR calc worksheet reflecting [Redact] in property taxes to clear the exception Buyer Comment (2025-03-28): Lender did not escrow, why are we requiring an updated PCCD? Buyer Comment (2025-03-28): Per Lender: I'm not sure I understand what they are requesting. The updated 1003/1008/worksheet have the taxes as [Redact]/mo. Do they want it updated to [Redact]? Reviewer Comment (2025-03-25): Noted. Received Final 1003 with Tax amount updated as per Tax cert ([Redact] / 12 = [Redact] Lender to confirm the correct tax amount to be considered. If [Redact] has to be considered then PCCD and updated DSCR worksheet with corrected PITIA is required. Once all these documents received Tax amount will be updated accordingly. Exception Remains. Buyer Comment (2025-03-24): Updated 1003 to support tax bill [Redact]/mo Reviewer Comment (2025-03-19): Provided Tax cert does not support Monthly Tax amount of [Redact] or [Redact]/annually. Exception Remains Buyer Comment (2025-03-18): tax cert |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223223948 | [Redact] | [Redact] | 33229866 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | CDA is required as UCDP is missing, unable to identify the CU score. | Reviewer Comment (2025-03-19): Received UCDP CU score less than 2.5 CDA not require per guideline. Exception Cleared Buyer Comment (2025-03-18): ucdp |
03/19/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223223948 | [Redact] | [Redact] | 33229868 | 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. | Missing BPC. | Reviewer Comment (2025-03-19): Received Business Purpose Certificate signed by Borrower. Exception Cleared Buyer Comment (2025-03-18): Business purpose certificate |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223223949 | [Redact] | [Redact] | 33229870 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Missing operating agreement. | Reviewer Comment (2025-03-27): Company Formed as Incorporation therefore bylaws Require which is provided along with Corporate resolution confirm Guarantor confirm Sole Director and Chairman of Board of Director. Exception Cleared Buyer Comment (2025-03-25): Operating Agreement |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223223949 | [Redact] | [Redact] | 33229871 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Missing cert of good standing, document provided was initial cert of existence | Reviewer Comment (2025-03-31): Received Certificate of Good standing. Exception Cleared Buyer Comment (2025-03-28): per lender: Please note that the Certificate of Existence is the [Redact] version of the COGS. The certificate that was provided shows the incorporation date of [Redact] but the certificate was completed on [Redact]. Reviewer Comment (2025-03-27): Received same initial cert of Existence dated [Redact]. Require Latest Certificate of Good standing. Exception Remains Buyer Comment (2025-03-25): Certificate of Good Standing |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223223949 | [Redact] | [Redact] | 33229872 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Missing Business Purpose Certificate | Reviewer Comment (2025-03-27): Received Signed Business purpose Certificate. Exception Cleared Buyer Comment (2025-03-25): Business Purpose Cert |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223224386 | [Redact] | [Redact] | [Redact] | 33230278 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-28): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223227600 | [Redact] | [Redact] | [Redact] | 33232025 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-20): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-19): Collateral delivered on [Redact] via [Redact] tracking number [Redact] |
05/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223227646 | [Redact] | [Redact] | 33232260 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Missing for the borrowing entity | Reviewer Comment (2025-04-02): OFAC for borrowing entity cleared in Fraud report provided, exception cleared Buyer Comment (2025-03-28): Uploaded OFAC for borrowing entity. |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223227647 | [Redact] | [Redact] | 33232261 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Coverage is [Redact] and loan amount is [Redact]. | Reviewer Comment (2025-04-03): 100% replacement cost provided Buyer Comment (2025-04-02): Uploaded Hazard insurance with 100% replacement cost coverage Buyer Comment (2025-03-31): There is a replacement cost valuation and its paid in full. |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223233117 | [Redact] | [Redact] | 33291993 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | - | Reviewer Comment (2025-04-21): Appraisal provided. Exception cleared. Seller Comment (2025-04-21): Appraisal uploaded Reviewer Comment (2025-04-21): The appraisal was not provided. Additional copies of the 442/Appraisal Update and/or Completion Report was provided. Provide a copy of the full appraisal with an effective date of [Redact]. Condition remains Seller Comment (2025-04-18): Appraisal uploaded |
04/21/2025 | 1 | D | A | D | A | D | A | D | A | D | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | |||||||||||||||
| 223233117 | [Redact] | [Redact] | 33292020 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Address: [Redact] | Appraisal not provided. | Reviewer Comment (2025-04-21): Appraisal provided. Exception cleared. Seller Comment (2025-04-21): Appraisal uploaded Reviewer Comment (2025-04-21): The appraisal was not provided. Additional copies of the 442/Appraisal Update and/or Completion Report was provided. Provide a copy of the full appraisal with an effective date of [Redact]. Condition remains Seller Comment (2025-04-18): Appraisal uploaded |
04/21/2025 | 1 | D | A | D | A | D | A | D | A | D | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223233117 | [Redact] | [Redact] | 33292178 | Credit | Insurance | Insurance Documentation | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | - | Hazard Policy coverage shortfall of [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-22): RCE provided Seller Comment (2025-04-22): Please see RCE attached Seller Comment (2025-04-22): Please see attached. This is a master policy where the amount per location is stated value, without coinsurance for properties without renovation for 10 years or more. |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223233117 | [Redact] | [Redact] | 33292200 | Credit | Insurance | Insurance Documentation | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | - | Hazard Policy coverage shortfall of [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-22): RCE provided Seller Comment (2025-04-22): Please see attached RCE |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223233117 | [Redact] | [Redact] | 33292295 | Credit | Insurance | Insurance Documentation | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | - | Hazard Policy coverage shortfall of [Redact]. Provide updated policy reflecting minimum coverage of [Redact]OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-22): RCE provided Seller Comment (2025-04-22): RCE attached Seller Comment (2025-04-22): See RCE attached |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223233117 | [Redact] | [Redact] | 33292313 | Credit | Insurance | Insurance Documentation | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | - | Hazard Policy coverage shortfall of [Redact]. Provide updated policy reflecting minimum coverage of [Redact] provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-28): RCE provided Seller Comment (2025-04-28): Please see letter from insurance company underwriting team Reviewer Comment (2025-04-24): Required RCE for [Redact]. Exception Remains. Seller Comment (2025-04-23): RCE re-attached Reviewer Comment (2025-04-22): RCE for this property was not provided Seller Comment (2025-04-22): See RCE |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223233117 | [Redact] | [Redact] | 33292369 | Credit | Insurance | Insurance Documentation | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | - | Hazard Policy coverage shortfall of [Redact]. Provide updated policy reflecting minimum coverage of [Redact] provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-22): RCE provided Seller Comment (2025-04-22): See attached RCE Seller Comment (2025-04-22): Please see attached RCE |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223233117 | [Redact] | [Redact] | 33292441 | Credit | Insurance | Insurance Documentation | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | - | Hazard Policy coverage shortfall of [Redact]. Provide updated policy reflecting minimum coverage of [Redact] provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-22): RCE provided Seller Comment (2025-04-22): RCE attached |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223233117 | [Redact] | [Redact] | 33292449 | Credit | Insurance | Insurance Documentation | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | - | Hazard Policy coverage shortfall of [Redact]. Provide updated policy reflecting minimum coverage of [Redact] provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-22): RCE provided Seller Comment (2025-04-22): RCE Attached |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223233117 | [Redact] | [Redact] | 33292453 | Credit | Insurance | Insurance Documentation | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | - | Hazard Policy coverage shortfall of [Redact]. Provide updated policy reflecting minimum coverage of [Redact] provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-22): RCE provided Seller Comment (2025-04-22): RCE attached |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223233117 | [Redact] | [Redact] | 33292828 | 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. | - | This is firing due to the appraisal is missing | Reviewer Comment (2025-04-21): Appraisal provided. Exception cleared. Seller Comment (2025-04-21): We have a valid appraisal post above mentioned disaster date, Please clear this Seller Comment (2025-04-21): ** Seller Comment (2025-04-21): **ignore preious message** Seller Comment (2025-04-21): Please order a Post disaster inspection |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| 223233117 | [Redact] | [Redact] | 33329157 | Credit | Insurance | Insurance Documentation | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | - | RCE for this property was not provided | Reviewer Comment (2025-04-28): RCE provided Seller Comment (2025-04-28): Letter from Insurance company attached Reviewer Comment (2025-04-24): Required RCE for [Redact]. Exception Remains. Seller Comment (2025-04-23): See RCE attached |
04/28/2025 | 1 | A | A | A | A | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | |||||||||||||||||||
| 223233117 | [Redact] | [Redact] | 33329158 | Credit | Insurance | Insurance Documentation | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | - | RCE provided verified a replacement cost of [Redact]. The coverage for this property is [Redact]. The coverage is insufficient by [Redact]. | Reviewer Comment (2025-04-28): RCE provided Seller Comment (2025-04-28): Letter from Insurance company Reviewer Comment (2025-04-24): Required supporting RCE with dwelling coverage for [Redact]. Exception Remains. Seller Comment (2025-04-23): RCE attached |
04/28/2025 | 1 | A | A | A | A | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | |||||||||||||||||||
| 223233118 | [Redact] | [Redact] | 33280449 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | The Operating agreement for the LLC is missing in the file. | Reviewer Comment (2025-04-16): Received operating agreement. Exception Cleared. Seller Comment (2025-04-16): Operating agreement uploaded |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223233122 | [Redact] | [Redact] | 33249462 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Required Operating Agreement for "[Redact]" to verify the ownership of the entity and access to available funds. | Reviewer Comment (2025-04-15): Received operating agreement. Exception Cleared. Seller Comment (2025-04-15): Operating agreement - [Redact] |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223233123 | [Redact] | [Redact] | 33272802 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | The file is missing a document containing the Guarantor's Social Security number. | Reviewer Comment (2025-04-15): Received Credit Authorization. Exception Cleared. Seller Comment (2025-04-15): Credit authorization form uploaded |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223233128 | [Redact] | [Redact] | 33277712 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Please provide a copy of the tax certificate used to calculate the annual taxes, the tax cert provided shows the Semi-annual taxes as [Redact], the final CD shows the semi-annual taxes as [Redact] | Reviewer Comment (2025-04-15): Received Tax Certificate. Exception Cleared. Seller Comment (2025-04-15): Property is a new construction. File has been underwritten with the tax amount of [Redact] based on the comparables close to the property, tax calculation is uploaded |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223233129 | [Redact] | [Redact] | 33281586 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of [Redact] is less than Cash From Borrower [Redact]. | Reviewer Comment (2025-04-18): Received Closing Statement. Exception Cleared. Seller Comment (2025-04-17): This loan liquidity came from the cash out file [Redact]. HUD uploaded |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223233129 | [Redact] | [Redact] | 33281621 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 2.31 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2025-04-18): Received Closing Statement. Exception Cleared. Seller Comment (2025-04-17): This loan liquidity came from the cash out file [Redact]. HUD uploaded |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223233139 | [Redact] | [Redact] | 33279798 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage insufficient by [Redact] Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-17): Additional documentation provided verifying sufficient coverage Seller Comment (2025-04-16): Replacement cost for the subject property is [Redact], provided insurance covers upto [Redact], which is greater than 80% of replacement cost. |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223233142 | [Redact] | [Redact] | 33285067 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Please provide a copy of the tax certificate used for closing as the land only tax certificate was provided, the final closing statement shows the monthly taxes as [Redact] | Reviewer Comment (2025-04-18): Received Tax Cert. Exception Cleared. Seller Comment (2025-04-17): This is a new construction, tax calculation is based on the comparables. Tax calculator uplaoded. |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223233143 | [Redact] | [Redact] | 33276732 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Please provide a copy of the tax certificate used to calculate the annual taxes the tax certificate provided is for land only the final closing statement shows the monthly taxes as [Redact]. | Reviewer Comment (2025-04-17): Tax cert provided Seller Comment (2025-04-16): Tax calculation uploaded |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223233144 | [Redact] | [Redact] | 33249562 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Missing Tax Certificate. | Reviewer Comment (2025-04-15): Received Tax Certificate. Exception Cleared. Seller Comment (2025-04-15): Tax cert uploaded |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223233144 | [Redact] | [Redact] | 33251824 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Track Record Report not provided | The track record provided in the file doesn't have an attachment the document is blank. | Reviewer Comment (2025-04-15): Received Track Record. Exception Cleared. Seller Comment (2025-04-15): Track record uploaded |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223233145 | [Redact] | [Redact] | 33279248 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Please provide the tax cert which corresponds with the final closing statements. | Reviewer Comment (2025-04-17): Tax cert provided Seller Comment (2025-04-16): Tax calculation uploaded Reviewer Comment (2025-04-15): Required tax calculation sheet or tax certificate to clear this condition. Exception Remains. Seller Comment (2025-04-15): New construction, tax is based on the comparable properties |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223233162 | [Redact] | [Redact] | 33284825 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | As per guideline all required funds must be evidenced by a minimum of Two (2) consecutive months of statements from US financial institutions. | Reviewer Comment (2025-04-21): Received Bank Statement for account #[Redact]. Account #[Redact] not used for calculation hence 2 months statement not required. Exception Cleared. Seller Comment (2025-04-18): Uploaded bank staement for account #[Redact] for [Redact] and [Redact] and this covers the required liquidity Reviewer Comment (2025-04-18): Additional statement for account xx[Redact] was provided. However the additional statement for account xx[Redact] was not provided. Provide an additional months statement for account xx[Redact]. Note: the statement in file has an end date of [Redact]. Condition remains Reviewer Comment (2025-04-18): EXCEPTION HISTORY - Exception Detail was updated on [Redact] PRIOR Exception Detail: Financial Institution: [Redact] // Account Type: Checking / Account Number: [Redact], Financial Institution: [Redact] // Account Type: Checking / Account Number: [Redact] Seller Comment (2025-04-17): Account # [Redact] - Checking -[Redact] - *[Redact] Seller Comment (2025-04-17): Bank statements uploaded |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223233163 | [Redact] | [Redact] | 33287675 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | File is missing Authorization to obtain consumer and credit reports and release | Reviewer Comment (2025-04-18): Received Credit Authorization. Exception Cleared. Seller Comment (2025-04-17): Credit authorization uploaded |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223233167 | [Redact] | [Redact] | 33291940 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | File is missing authorization to obtain consumer and credit reports and release document | Reviewer Comment (2025-04-18): Received Credit Authorization. Exception Cleared. Seller Comment (2025-04-17): Credit authorization form uploaded |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223234908 | [Redact] | [Redact] | [Redact] | 33242720 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-18): collateral delivered [Redact] via [Redact] tracking [Redact] |
04/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223235041 | [Redact] | [Redact] | [Redact] | 33243174 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-02): (Rate Lock) [Redact] |
05/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223235181 | [Redact] | [Redact] | [Redact] | 33243233 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-04): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-06-03): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
06/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 223235181 | [Redact] | [Redact] | [Redact] | 33524556 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of [Redact] is less than the note amount of [Redact] based on the Commitment in file. | 05/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| 223237389 | [Redact] | [Redact] | [Redact] | 33244983 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-01): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
05/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223238736 | [Redact] | [Redact] | [Redact] | 33249836 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-01): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223238736 | [Redact] | [Redact] | [Redact] | 33361795 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-05-01): Received Replacement Cost Estimator. Exception Cleared. Seller Comment (2025-04-30): RCE |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223238737 | [Redact] | [Redact] | [Redact] | 33249848 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-16): Collateral delivered on [Redact] via [Redact] tracking [Redact]. |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223238737 | [Redact] | [Redact] | [Redact] | 33447680 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Please provide a copy of the tax certificate used to calculate the DSCR, per the documentation provided (Transaction Details) the annual taxes is [Redact] the lender only used [Redact] annually. | Reviewer Comment (2025-05-15): Revised DSCR worksheet provided and the higher taxes verified in file were used to qualify. Seller Comment (2025-05-14): Please see attached DSCR worksheet and 1008 with full tax amount. Seller Comment (2025-05-14): 1008 |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223238737 | [Redact] | [Redact] | [Redact] | 33447761 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | Please provided the lease agreement for Unit B and unit D, the file contained proof of the [Redact] payment only for unit B and the lease agreements provided for unit D only has the property address without a unit indicated. | Reviewer Comment (2025-05-20): Additional documentation/clarification provided Seller Comment (2025-05-19): there are 3 leases in file, 1 labeled A and 1 labeled C ... the other appears to match unit d/b in similarity; the DSCR was calculated based on the lowest figures on leases and recv vs the market rent , Lease for B/D attached. |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223238738 | [Redact] | [Redact] | [Redact] | 33249849 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-04-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-04-17): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
04/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223259230 | [Redact] | [Redact] | [Redact] | 33274236 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-06): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-05): Collateral delivered on [Redact] via [Redact] tracking number [Redact]. |
05/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223260564 | [Redact] | [Redact] | [Redact] | 33279074 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-01): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
05/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223260564 | [Redact] | [Redact] | [Redact] | 33364992 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | The file is missing a copy of the Prepayment Penalty Addendum to the Note | Reviewer Comment (2025-05-01): Received prepayment addendum. Exception Cleared. Seller Comment (2025-05-01): Please see attached prepayment addendum. |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | Yes | |||||||||||||
| 223261490 | [Redact] | [Redact] | [Redact] | 33280377 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-30): collateral delivered [Redact] via [Redact] tracking [Redact] |
06/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223262659 | [Redact] | [Redact] | [Redact] | 33280511 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-27): collateral delivered [Redact] sent via [Redact] tracking [Redact] |
06/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223265431 | [Redact] | [Redact] | [Redact] | 33281443 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-12): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223265886 | [Redact] | [Redact] | [Redact] | 33282636 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-16): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223268562 | [Redact] | [Redact] | [Redact] | 33286652 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-04): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-06-03): collateral delivered [Redact] via [Redact] tracking [Redact] |
06/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223268568 | [Redact] | [Redact] | [Redact] | 33286671 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-16): Collateral delivered on [Redact] via [Redact] tracking [Redact]. |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223269109 | [Redact] | [Redact] | 33306360 | Credit | Investment Product | General | Investment Product | REO property does not have a lease in place and required by guidelines. | - | Missing a copy of the current lease agreement verifying the [Redact] monthly lease amount identified on the appraisal. Note: ledger in file shows last rent received in [Redact]. | Reviewer Comment (2025-04-21): Received lease agreement. Exception Cleared. Seller Comment (2025-04-21): Lease agreement uploaded |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223269109 | [Redact] | [Redact] | 33309393 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The file is missing a copy of the tax cert or other documentation to verify the property taxes used to qualify. Tax Cert in file verified less taxes than the lender included in the PITIA. | Reviewer Comment (2025-04-21): Received 1004. Exception Cleared. Seller Comment (2025-04-21): Tax amount is souorce from the appraisal. |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269111 | [Redact] | [Redact] | 33293701 | 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 | The Desk Review effective date does not match the Appraisal effective date. Appraisal effective date is [Redact] and CDA effective date is [Redact]. Provide a revised CDA that was performed on the appraisal used to qualify with the effective date of [Redact]. | Reviewer Comment (2025-05-06): Revised CDA provided Seller Comment (2025-05-05): CDA with effective date of [Redact] uploaded Reviewer Comment (2025-04-29): An additional copy of the appraisal with the effective date of [Redact] was provided. This will not clear the condition. A revised CDA, performed using the updated appraisal with an effective date of [Redact] is required. Condition remains Seller Comment (2025-04-28): Appraisal with the effective date of [Redact] has been uploaded Reviewer Comment (2025-04-22): A copy of the prelim appraisal was provided; however since the appraisal was updated with a new effective date of [Redact], a copy of the CDA reviewing the updated report with an effective date of [Redact] is required. Condition remains Seller Comment (2025-04-21): Updated appraisal dated [Redact] uploaded |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | A | A | C | A | N/A | No | ||||||||||||||
| 223269114 | [Redact] | [Redact] | 33293599 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy amount is blank. A Final policy was not provided. | 04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||||
| 223269115 | [Redact] | [Redact] | 33309620 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Per the guidelines, 2 months statements are required. The file only contained 1 month with an end date of [Redact]. | Reviewer Comment (2025-05-02): Additional months statement provided Seller Comment (2025-05-02): Bank statements uploaded Reviewer Comment (2025-04-28): Statement provided does not identify the guarantor or the LLC as the account holder and unable to verify the institution of the account. Condition remains Seller Comment (2025-04-25): Updated statements uploaded |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223269116 | [Redact] | [Redact] | 33293759 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Blanket Hazard Insurance policy not provided. | Reviewer Comment (2025-04-29): Received master policy. Exception Cleared. Seller Comment (2025-04-28): HOA Policy Copy Reviewer Comment (2025-04-21): An additional copy of the HO-6 insurance was provided. The file is missing the Master Condo Insurance policy. Condition remains Seller Comment (2025-04-21): Insurance binder uploaded |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269117 | [Redact] | [Redact] | 33294311 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | File is missing authorization to obtain consumer and credit reports and release document | Reviewer Comment (2025-04-22): Received credit authorization. Exception Cleared. Seller Comment (2025-04-21): Credit authorization form uploaded |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269124 | [Redact] | [Redact] | 33307294 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact] Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-28): Letter from HOI company verified guaranteed replacement cost coverage Seller Comment (2025-04-28): Please see attached Letter from insurance company Reviewer Comment (2025-04-23): RCE reflects cost of [Redact]. Coverage is still short. HOI coverage is insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. Seller Comment (2025-04-22): Please see attached RCE |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269127 | [Redact] | [Redact] | 33290374 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating agreement was not provided | Reviewer Comment (2025-04-21): Business entity docs provided Seller Comment (2025-04-21): Bylaws uploaded |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269130 | [Redact] | [Redact] | 33293502 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The file was missing Certificate of Good Standing | Reviewer Comment (2025-04-29): Received Certificate of Good Standing. Exception Cleared. Seller Comment (2025-04-28): Current active status of entity uploaded Reviewer Comment (2025-04-22): Current documentation verifying the status of the LLC is required. Note: an appraisal was loaded to the condition that does not appear to be meant for this loan. Condition remains Seller Comment (2025-04-21): Updated appraisal uploaded Seller Comment (2025-04-21): Entity formation date is within one year, certificate of good standing not required |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269132 | [Redact] | [Redact] | 33309669 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | The file is missing a copy of the lease agreements for the 2 units of the subject. Per the appraisal, both units were currently rented and the lender used the lower lease amounts to qualify. | Reviewer Comment (2025-04-21): Lease agreements provided Seller Comment (2025-04-21): Both lease agreements uploaded |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269139 | [Redact] | [Redact] | 33314561 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | Missing Authorization to obtain consumer and credit reports and release. | Reviewer Comment (2025-05-02): Received Authorization to obtain consumer and credit reports and release. Exception Cleared. Seller Comment (2025-04-30): Credit authorization uploaded Reviewer Comment (2025-04-29): Authorization provided was not for the guarantor on the loan. Condition remains Seller Comment (2025-04-29): Credit authorization uploaded |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223269139 | [Redact] | [Redact] | 33314564 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2025-05-05): Received additional bank statement. Exception Cleared. Seller Comment (2025-05-02): Uploaded Reviewer Comment (2025-05-02): Provided "[Redact] #[Redact]" statement end date is [Redact], Already have "[Redact] #[Redact]" statement in file with end date of [Redact] with balance of [Redact]. Required additional assets of [Redact] to meet the reserve requirement. Exception Remains. Seller Comment (2025-05-01): Here is the [Redact] bank and the cutoff of [Redact] before closing |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| 223269141 | [Redact] | [Redact] | 33320104 | Credit | Insurance | Insurance Documentation | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | - | Coverage is insufficient by [Redact] | Reviewer Comment (2025-04-30): RCE provided Seller Comment (2025-04-30): Letter from Carrier Reviewer Comment (2025-04-22): Updated dec page that was used verified coverage of [Redact] and the appraisal verified a total cost new of [Redact]. 80% of the total cost new or [Redact] is required in coverage. Condition remains Seller Comment (2025-04-22): TIV (Total Insurable Value) shows [Redact] in total amount insurable Page 2 Location 2 on page |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269141 | [Redact] | [Redact] | 33320108 | Credit | Insurance | Insurance Documentation | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | - | Coverage is insufficient by [Redact]. | Reviewer Comment (2025-04-30): RCE provided Seller Comment (2025-04-30): Please see letter from Carrier with RCE breakdown Reviewer Comment (2025-04-22): Updated dec page that was used verified coverage of [Redact] and the appraisal verified a total cost new of [Redact]. 80% of the total cost new or [Redact] is required in coverage. Condition remains Seller Comment (2025-04-22): TIV (Total Insurance Value) is [Redact] which is within RC Limits |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269141 | [Redact] | [Redact] | 33320116 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance. | The file is missing a breakdown of the [Redact] hazard insurance premium to determine the premium for each property. | Reviewer Comment (2025-05-02): Received Invoice. Exception Cleared. Seller Comment (2025-05-01): Please see attached the revised invoice issued by the agent. The [Redact] are for loss of rent value that was adjusted in the middle of the policy period which was required by lender to meet minimum approval requirements and a small fee charged to change mortgagee clause. These endorsement are issued after the policy was put in effect, and would not show in the original quote. There was no overcharge. Reviewer Comment (2025-04-22): The initial file contained a more up to date HOI declaration page that verified the total premium of [Redact]. The HOI quote provided has a premium of [Redact], The final HUD collected the [Redact] premium and the HOI escrowed on the HUD is based off of the [Redact] premium. Provide a breakdown of the premium paid on the HUD and used to calculate the PITIA. Condition remains Seller Comment (2025-04-22): See premium breakdown |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223269142 | [Redact] | [Redact] | 33313609 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | File is missing authorization to obtain consumer and credit reports and release document | Reviewer Comment (2025-04-29): Received Authorization to obtain consumer and credit reports. Exception Cleared. Seller Comment (2025-04-28): Credit authorizationform uploaded |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223269143 | [Redact] | [Redact] | 33317245 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | The file was missing the Authorization to obtain consumer and credit reports and release | Reviewer Comment (2025-04-29): Received Authorization to obtain consumer and credit reports. Exception Cleared. Seller Comment (2025-04-28): Credit authorization uploaded |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269145 | [Redact] | [Redact] | 33312871 | Credit | Investment Product | General | Investment Product | REO property does not have a lease in place and required by guidelines. | - | The file is missing a copy of the lease agreement verifying the monthly lease amount of [Redact]. | Reviewer Comment (2025-04-29): Received lease agreement. Exception Cleared. Seller Comment (2025-04-28): Lease uploaded |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223269148 | [Redact] | [Redact] | 33312164 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 2.29 is less than Guideline PITIA months reserves of 6.00. Reserves of [Redact] ([Redact] PITIA x 6 months) were required and only [Redact] was verified. Additional reserves of [Redact] are required. | Reviewer Comment (2025-05-02): Received additional Account statement. Exception Cleared. Seller Comment (2025-05-01): Additional liquidity uploaded |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269148 | [Redact] | [Redact] | 33318083 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Per the final settlement statement, funds to close of [Redact] were required (EMD [Redact] + cash due at closing [Redact]). The assets in file verified for closing were [Redact] (includes the [Redact] EMD). Additional assets are required. | Reviewer Comment (2025-05-02): Received additional Account statement. Exception Cleared. Seller Comment (2025-05-01): Banks statements for additional liquidity uploaded |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269149 | [Redact] | [Redact] | 33320124 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The file is missing the tax cert or other documentation to verify the taxes used to qualify. The lender qualified with taxes higher than the tax cert in file verified. | Reviewer Comment (2025-04-29): Received Tax Certificate. Exception Cleared. Seller Comment (2025-04-28): Tax is based on the comparables, calculation uploaded |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269150 | [Redact] | [Redact] | 33309771 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Missing tax cert or other documentation to verify the taxes used to qualify of [Redact] per month. The tax cert in file verified taxes of [Redact] for the year. | Reviewer Comment (2025-04-22): Tax cert provided Seller Comment (2025-04-21): This is a new construction, tax is based on the comparable properties, tax calculation uploaded |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269152 | [Redact] | [Redact] | 33314518 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Policy coverage shortfall of [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-22): RCE provided Seller Comment (2025-04-22): See RCE |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269153 | [Redact] | [Redact] | 33316921 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | File is missing authorization to obtain consumer and credit reports and release document | Reviewer Comment (2025-05-05): Authorization provided Seller Comment (2025-05-02): CAF uploaded |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269156 | [Redact] | [Redact] | 33315898 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. Coverage shortfall [Redact]. Provide updated Hazard Insurance Policy with Dwelling Coverage of at least [Redact] or Replacement Cost Estimator. | Reviewer Comment (2025-04-22): RCE provided Seller Comment (2025-04-22): RCE attached |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269157 | [Redact] | [Redact] | 33313654 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 4.30 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2025-05-01): Received bank statement. Asset requirement met. Exception Cleared. Seller Comment (2025-04-30): Updated bank statements uploaded to cover the liquidity requirements |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269161 | [Redact] | [Redact] | 33326577 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact] Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. Note: closing statement shows an HOI premium of [Redact] was paid; however the dec page or policy was not in file. | Reviewer Comment (2025-05-02): Received updated policy with increased coverage. Seller Comment (2025-05-02): Please review EOI carefully, along with RCE you are asking to reduce coverage even lower than the RCE and EOI provided. Coverage provided is higher than the RCE required. Reviewer Comment (2025-05-02): Received Replacement Cost Estimator. Still coverage is insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. Exception Remains. Seller Comment (2025-05-01): See attached RCE |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269161 | [Redact] | [Redact] | 33327664 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The file is missing the tax cert or other documentation to verify the taxes used to qualify. The lender qualified with taxes higher than the tax cert in file verified. | Reviewer Comment (2025-04-29): Received tax certificate. Exception Cleared. Seller Comment (2025-04-29): Tax is sourced from the tax cert, document uplaoded |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269165 | [Redact] | [Redact] | 33318014 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-29): Received RCE. Exception Cleared. Seller Comment (2025-04-28): RCE issued by carrier |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269166 | [Redact] | [Redact] | 33320177 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Per the guidelines, 2 months statements are required. The file only contained 1 month with an end date of [Redact]. | Reviewer Comment (2025-05-07): Received Verification of Depository Relationship Letter. Exception Cleared. Seller Comment (2025-05-06): Account Number: [Redact], the mentioned accounnt was opened very recently and we do no have [Redact] statement, uploaded Open account bank letter |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223269171 | [Redact] | [Redact] | 33322501 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | The file was missing credit authorization copy to verify SSN. | Reviewer Comment (2025-04-29): Received credit authorization. Exception Cleared. Seller Comment (2025-04-28): Credit authorization uploaded |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223269181 | [Redact] | [Redact] | 33334982 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The file is missing the tax cert or other documentation to verify the taxes used to qualify. The lender qualified with taxes lower than the tax cert in the file verified. | Reviewer Comment (2025-04-29): Received Tax Certificate. Exception Cleared. Seller Comment (2025-04-29): Tax value as per tax cer is [Redact], same has been used to underwrite the file. Tax cert uploaded |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269183 | [Redact] | [Redact] | 33342005 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Address: [Redact] | Flood Certificate not provided. | Reviewer Comment (2025-04-29): Received Flood Certificate. Exception Cleared. Seller Comment (2025-04-29): Flood cert uplaoded |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269184 | [Redact] | [Redact] | 33342808 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | The file is missing The Authorization to obtain consumer and credit reports and release | Reviewer Comment (2025-04-29): Authorization for guarantor provided Seller Comment (2025-04-29): Credit authorization uploaded |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269190 | [Redact] | [Redact] | 33344736 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact] Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-29): Received RCE. Exception Cleared. Seller Comment (2025-04-28): RCE Provided |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269193 | [Redact] | [Redact] | 33335822 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | credit application is missing from file | Reviewer Comment (2025-04-29): Borrower authorization provided Seller Comment (2025-04-29): Credit authoriation uploaded |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269193 | [Redact] | [Redact] | 33337391 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Reviewer Comment (2025-04-29): Project review provided Seller Comment (2025-04-29): Document uploaded |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269194 | [Redact] | [Redact] | 33338751 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-29): Received RCE. Exception Cleared. Seller Comment (2025-04-28): RCE Provided |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269197 | [Redact] | [Redact] | 33345344 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard insurance coverage amount is insufficient. | Reviewer Comment (2025-04-30): RCE provided Seller Comment (2025-04-30): Please find letter from [Redact] Reviewer Comment (2025-04-29): The GSE method was used to determine the coverage requirement. The appraisal identified the Total Estimate of Cost New as [Redact] and 80% of this value is identified as insured value. Coverage of at least [Redact] is required. The insurance is insufficient by [Redact]. Provide a copy of the replacement cost estimator from the insurance company, a revised policy/dec page with increased coverage, or documentation from the insurance company verifying the policy has Guaranteed Replacement cost coverage. Exception Remains. Seller Comment (2025-04-29): Replacement cost is [Redact] and binder covers [Redact] which is greateer than 80%. Binder uploaded |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269200 | [Redact] | [Redact] | 33343662 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Tax certificate was not provided. | Reviewer Comment (2025-05-01): Received tax certificate. Exception Cleared. Seller Comment (2025-05-01): Agree with [Redact] value of [Redact] per month Reviewer Comment (2025-04-30): Tax cert provided verified taxes as [Redact] per year and loan was qualified with taxes of [Redact] per month. Unable to determine tax amount used to qualify. Condition remains Seller Comment (2025-04-29): Tax cert uploaded |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269203 | [Redact] | [Redact] | 33334702 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | HUD/CD is missing in the file | Reviewer Comment (2025-05-02): Final HUD provided Seller Comment (2025-04-30): HUD uplaoded |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269203 | [Redact] | [Redact] | 33335495 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Reviewer Comment (2025-04-30): Received Tax Certificate. Exception Cleared. Seller Comment (2025-04-29): tax cert uploaded |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223269206 | [Redact] | [Redact] | 33337335 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | PITIA months reserves of 2.70 is less than Guideline PITIA months reserves of 6.00 | Reviewer Comment (2025-05-02): Received HUD-1 of Cash out transaction from another loan. Exception Cleared. Seller Comment (2025-05-01): Cahout from another loan is used as liquidity for the file, HUD uplaoded |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269206 | [Redact] | [Redact] | 33337367 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Assets for Closing of [Redact] is less than Cash from Borrower [Redact] | Reviewer Comment (2025-05-02): Received HUD-1 of Cash out transaction from another loan. Exception Cleared. Seller Comment (2025-05-01): HUD uploaded from a cahout transaction Seller Comment (2025-05-01): Hud uploaded from a cashout refinance |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269206 | [Redact] | [Redact] | 33337369 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | Guidelines require [Redact] of reserves, and verified reserves are [Redact]. | Reviewer Comment (2025-05-02): Received HUD-1 of Cash out transaction from another loan. Exception Cleared. Seller Comment (2025-05-01): HUD uploaded from a cahout transaction |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269206 | [Redact] | [Redact] | 33337389 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | Verified assets in the amount of [Redact] are insufficient to meet reserves requirement of [Redact]. | Reviewer Comment (2025-05-02): Received HUD-1 of Cash out transaction from another loan. Exception Cleared. Seller Comment (2025-05-01): HUD uploaded from a cahout transaction |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223269207 | [Redact] | [Redact] | 33335481 | Compliance | Loan Package Documentation | Closing / Title | Loan Package Documentation | Note Error: Note grace period days less than minimum per state | Title Note grace period days less than minimum per state | Buyer Comment (2025-05-02): Acknowledge - No change to grading. Seller Comment (2025-05-01): Elevating to byuer queue for resolution |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223269208 | [Redact] | [Redact] | 33331840 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Authorization to obtain consumer and credit reports and release not provided. | Reviewer Comment (2025-04-29): Received credit authorization. Exception Cleared. Seller Comment (2025-04-29): Credit authorization uploaded |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | D | A | D | A | A | A | N/A | No | ||||||||||||||
| 223270691 | [Redact] | [Redact] | 33304274 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-21): RCE provided. Exception cleared. Seller Comment (2025-04-21): RCE |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223294419 | [Redact] | [Redact] | 33321809 | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing | Evidence of title is missing | Reviewer Comment (2025-04-23): Title commitment provided Seller Comment (2025-04-23): title commitment |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223294419 | [Redact] | [Redact] | 33321811 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Title Evidence is Missing. | Reviewer Comment (2025-04-23): Title commitment provided Seller Comment (2025-04-23): title commitment |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223294439 | [Redact] | [Redact] | [Redact] | 33314226 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-23): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223294480 | [Redact] | [Redact] | [Redact] | 33314360 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-15): Collateral was delivered on [Redact] via [Redact] tracking number [Redact] |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223294986 | [Redact] | [Redact] | [Redact] | 33315999 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-14): Please advise if anything else is needed for this loan Seller Comment (2025-05-08): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223294986 | [Redact] | [Redact] | [Redact] | 33447564 | Credit | Collateral | Missing/Incorrect | Collateral | Collateral report shows issues with Note. | Monthly P&I does not agree with Schedule SCH: [Redact] NOTE:[Redact] | Buyer Comment (2025-05-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-19): Please match the schedule to the note. Seller Comment (2025-05-13): Please match the schedule to the note. |
05/21/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||||||
| 223295983 | [Redact] | [Redact] | [Redact] | 33317260 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-27): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
06/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223295983 | [Redact] | [Redact] | [Redact] | 33508983 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | The file is missing the CD or HUD to verify the [Redact] proceeds used to qualify and support the required funds to close and reserves. Note: the CD in file is incomplete and not executed. | Reviewer Comment (2025-05-27): Received CD. Exception Cleared. Seller Comment (2025-05-23): Please see attached final CD from refinance of primary residence. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223295983 | [Redact] | [Redact] | [Redact] | 33508986 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | The file is missing the CD or HUD to verify the [Redact] proceeds used to qualify and support the required funds to close and reserves. Note: the CD in file is incomplete and not executed. | Reviewer Comment (2025-05-27): Received CD. Exception Cleared. Seller Comment (2025-05-23): Please see attached final CD from refinance of primary residence. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223295983 | [Redact] | [Redact] | [Redact] | 33508987 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | The file is missing the CD or HUD to verify the [Redact] proceeds used to qualify and support the required funds to close and reserves. Note: the CD in file is incomplete and not executed. | Reviewer Comment (2025-05-27): Received CD. Exception Cleared. Seller Comment (2025-05-23): Please see attached final CD from refinance of primary residence. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223295983 | [Redact] | [Redact] | [Redact] | 33508988 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | The file is missing the CD or HUD to verify the [Redact] proceeds used to qualify and support the required funds to close and reserves. Note: the CD in file is incomplete and not executed. | Reviewer Comment (2025-05-27): Received CD. Exception Cleared. Seller Comment (2025-05-23): Please see attached final CD from refinance of primary residence. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223295989 | [Redact] | [Redact] | [Redact] | 33317337 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-27): Collateral delivered on [Redact] via [Redact] tracking [Redact]. |
06/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223295989 | [Redact] | [Redact] | [Redact] | 33502136 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD (Asset) not provided | The file is missing the CD or HUD to verify the [Redact] proceeds used to qualify and support the required funds to close and reserves. | Reviewer Comment (2025-05-22): Received CD. Exception Cleared. Seller Comment (2025-05-22): Please see attached final CD from refinance of primary residence. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223295989 | [Redact] | [Redact] | [Redact] | 33502137 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | The file is missing the CD or HUD to verify the [Redact] proceeds used to qualify and support the required funds to close and reserves. | Reviewer Comment (2025-05-22): Received CD. Exception Cleared. Seller Comment (2025-05-22): Please see attached final CD from refinance of primary residence. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223295989 | [Redact] | [Redact] | [Redact] | 33502138 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | The file is missing the CD or HUD to verify the [Redact] proceeds used to qualify and support the required funds to close and reserves. | Reviewer Comment (2025-05-22): Received CD. Exception Cleared. Seller Comment (2025-05-22): Please see attached final CD from refinance of primary residence. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223295989 | [Redact] | [Redact] | [Redact] | 33502139 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | The file is missing the CD or HUD to verify the [Redact] proceeds used to qualify and support the required funds to close and reserves. | Reviewer Comment (2025-05-22): Received CD. Exception Cleared. Seller Comment (2025-05-22): Please see attached final CD from refinance of primary residence. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223295989 | [Redact] | [Redact] | [Redact] | 33502140 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | The file is missing the CD or HUD to verify the [Redact] proceeds used to qualify and support the required funds to close and reserves. | Reviewer Comment (2025-05-22): Received CD. Exception Cleared. Seller Comment (2025-05-22): Please see attached final CD from refinance of primary residence. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296004 | [Redact] | [Redact] | [Redact] | 33317430 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-27): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
06/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223296004 | [Redact] | [Redact] | [Redact] | 33497386 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | The approval is not sufficient documentation to verify the [Redact] proceeds used to qualify. Must have the HUD or CD. Set exception for missing proof of funds | Reviewer Comment (2025-05-22): Received CD. Exception Cleared. Seller Comment (2025-05-22): Please see attached final CD from refinance of primary residence. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296004 | [Redact] | [Redact] | [Redact] | 33497646 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | The approval is not sufficient documentation to verify the [Redact] proceeds used to qualify. Must have the HUD or CD. Set exception for missing proof of funds | Reviewer Comment (2025-05-22): Received CD. Exception Cleared. Seller Comment (2025-05-22): Please see attached final CD from refinance of primary residence. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296004 | [Redact] | [Redact] | [Redact] | 33497650 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | The approval is not sufficient documentation to verify the [Redact] proceeds used to qualify. Must have the HUD or CD. Set exception for missing proof of funds | Reviewer Comment (2025-05-22): Received CD. Exception Cleared. Seller Comment (2025-05-22): Please see attached final CD from refinance of primary residence. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296004 | [Redact] | [Redact] | [Redact] | 33497651 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | The approval is not sufficient documentation to verify the [Redact] proceeds used to qualify. Must have the HUD or CD. Set exception for missing proof of funds | Reviewer Comment (2025-05-22): Received CD. Exception Cleared. Seller Comment (2025-05-22): Please see attached final CD from refinance of primary residence. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296004 | [Redact] | [Redact] | [Redact] | 33497666 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | The approval is not sufficient documentation to verify the [Redact] proceeds used to qualify. Must have the HUD or CD. Set exception for missing proof of funds | Reviewer Comment (2025-05-22): Received CD. Exception Cleared. Seller Comment (2025-05-22): Please see attached final CD from refinance of primary residence. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296041 | [Redact] | [Redact] | [Redact] | 33317481 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-27): Collateral delivered on [Redact] via [Redact] tracking [Redact]. |
06/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223296041 | [Redact] | [Redact] | [Redact] | 33498500 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | The file is missing the CD or HUD to verify the [Redact] proceeds used to qualify and support the required funds to close and reserves. | Reviewer Comment (2025-05-22): CD from refi provided Seller Comment (2025-05-22): Please see attached final CD from refinance of primary residence. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296041 | [Redact] | [Redact] | [Redact] | 33498501 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | The file is missing the CD or HUD to verify the [Redact] proceeds used to qualify and support the required funds to close and reserves. | Reviewer Comment (2025-05-22): CD from refi provided Seller Comment (2025-05-22): Please see attached final CD from refinance of primary residence. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296041 | [Redact] | [Redact] | [Redact] | 33498503 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | The file is missing the CD or HUD to verify the [Redact] proceeds used to qualify and support the required funds to close and reserves. | Reviewer Comment (2025-05-22): CD from refi provided Seller Comment (2025-05-22): Please see attached final CD from refinance of primary residence. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296041 | [Redact] | [Redact] | [Redact] | 33498507 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | The file is missing the CD or HUD to verify the [Redact] proceeds used to qualify and support the required funds to close and reserves. | Reviewer Comment (2025-05-22): CD from refi provided Seller Comment (2025-05-22): Please see attached final CD from refinance of primary residence. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296041 | [Redact] | [Redact] | [Redact] | 33498565 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | The file is missing the CD or HUD to verify the [Redact] proceeds used to qualify and support the required funds to close and reserves. | Reviewer Comment (2025-05-22): CD from refi provided Seller Comment (2025-05-22): Please see attached final CD from refinance of primary residence. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296085 | [Redact] | [Redact] | [Redact] | 33317501 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-04): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-06-03): collateral delivered [Redact] via [Redact] tracking [Redact] |
06/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223296086 | [Redact] | [Redact] | [Redact] | 33317502 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-29): Collateral delivered on [Redact] via [Redact] tracking [Redact]. |
06/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223296086 | [Redact] | [Redact] | [Redact] | 33518801 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | The borrower is refinancing their primary residence to cover the cash to close, however the final CD wasn't provided to show the cash out amount to cover the cash to close and reserves on the subject loan. | Reviewer Comment (2025-05-28): Received CD. Exception Cleared. Seller Comment (2025-05-28): Please see attached CD for the refinance of property at [Redact] |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296086 | [Redact] | [Redact] | [Redact] | 33518803 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | The borrower is refinancing their primary residence to cover the cash to close, however the final CD wasn't provided to show the cash out amount to cover the cash to close and reserves on the subject loan | Reviewer Comment (2025-05-28): Received CD. Exception Cleared. Seller Comment (2025-05-28): Please see attached CD for the refinance of property at [Redact] |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296086 | [Redact] | [Redact] | [Redact] | 33518806 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | The borrower is refinancing their primary residence to cover the cash to close, however the final CD wasn't provided to show the cash out amount to cover the cash to close and reserves on the subject loan | Reviewer Comment (2025-05-28): Received CD. Exception Cleared. Seller Comment (2025-05-28): Please see attached CD for the refinance of property at [Redact] |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296086 | [Redact] | [Redact] | [Redact] | 33518807 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | The borrower is refinancing their primary residence to cover the cash to close, however the final CD wasn't provided to show the cash out amount to cover the cash to close and reserves on the subject loan | Reviewer Comment (2025-05-28): Received CD. Exception Cleared. Seller Comment (2025-05-28): Please see attached CD for the refinance of property at [Redact] |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223296583 | [Redact] | [Redact] | [Redact] | 33318258 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-30): collateral delivered [Redact] via [Redact] tracking [Redact] |
06/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223296631 | [Redact] | [Redact] | [Redact] | 33318497 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-20): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-19): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223296631 | [Redact] | [Redact] | [Redact] | 33452360 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy has a coverage amount of [Redact] this is less than the note amount of [Redact] Please provide an updated title Commitment or final title. | 05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 223296631 | [Redact] | [Redact] | [Redact] | 33452365 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Provide a copy of the declaration page or policy in effect at or prior to closing (refinance). | Reviewer Comment (2025-05-18): Received policy effect at or prior to closing. Exception Cleared. Seller Comment (2025-05-16): hoi |
05/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| 223296920 | [Redact] | [Redact] | [Redact] | 33319228 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-27): collateral delivered [Redact] via [Redact] tracking [Redact] |
06/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223297799 | [Redact] | [Redact] | 33340916 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2025-04-25): Business Purpose Cert received. Seller Comment (2025-04-25): Business Purpose |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223300574 | [Redact] | [Redact] | [Redact] | 33327464 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-09): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223300574 | [Redact] | [Redact] | [Redact] | 33427998 | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Hazard Dec Page not provided | The HO=6 policy provided doesn't show the borrower as the insured, the policy shows the prior LLC. File contained a deed transferring the property from the LLC to the borrower at closing. Provide a revised HO-6 declarations page or policy identifying the borrower as the insured. | Reviewer Comment (2025-05-18): Received revised HOI Policy. Exception Cleared. Seller Comment (2025-05-16): hoi |
05/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223300668 | [Redact] | [Redact] | [Redact] | 33327530 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-09): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223301536 | [Redact] | [Redact] | [Redact] | 33327914 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-09): The collateral was delivered [Redact] via [Redact] trk#[Redact]. |
05/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223302941 | [Redact] | [Redact] | [Redact] | 33329078 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-15): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-14): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||
| 223302941 | [Redact] | [Redact] | [Redact] | 33435528 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation | Reviewer Comment (2025-05-14): Secondary valuation provided Seller Comment (2025-05-13): cda |
05/14/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | A | C | A | D | A | N/A | No | |||||||||||||
| 223302941 | [Redact] | [Redact] | [Redact] | 33436162 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Please provide an updated tax cert to support the monthly tax figure of [Redact]. | Reviewer Comment (2025-05-13): Tax Cert provided Seller Comment (2025-05-13): taxes are paid twice per year [Redact]*2 per year = [Redact]/12months = [Redact] per month |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | C | A | D | A | N/A | No | |||||||||||||
| 223304613 | [Redact] | [Redact] | [Redact] | 33336047 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-27): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
06/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223304875 | [Redact] | [Redact] | [Redact] | 33336638 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-22): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-20): (Rate Lock) [Redact] |
05/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223306334 | [Redact] | [Redact] | 33343920 | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | Reviewer Comment (2025-04-08): Provided Buyer Comment (2025-04-04): 1007 uploaded |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||||
| 223306334 | [Redact] | [Redact] | 33343922 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception in the file approving use of the transferred Broker Appraisal. Missing compensating factor. | The representative FICO score exceeds the guideline minimum by at least 40 points. | FICO is 810 vs the minimum of 640 DSCR is 1.42 vs the minimum of 1.00 |
Originator Pre-Close,[Redact] | Reviewer Comment (2025-04-08): Client elects to down grade and waive using compensating factors FICO is 810 vs the minimum of 640 DSCR is 1.42 vs the minimum of 1.00 Buyer Comment (2025-04-04): updated exception upld |
04/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223306341 | [Redact] | [Redact] | 33343935 | 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. | Appraisal shows subject property is tenant occupied and there is no lease in place. | Reviewer Comment (2025-04-08): Lease not required Buyer Comment (2025-04-04): HI This is a noni. A lease is not required as long as the ltv does not go over 70%. Our LTV is 70% We used market rent for the DSCR |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223306346 | [Redact] | [Redact] | 33343944 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title Final is Missing in Loan File. | Reviewer Comment (2025-04-10): Final title provided |
04/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | N/A | No | ||||||||||||||
| 223306346 | [Redact] | [Redact] | 33343945 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of [Redact] is less than the note amount of [Redact]. | Reviewer Comment (2025-04-10): Final title provided Buyer Comment (2025-04-08): Hi :) please see attached final title report on page 37 you will see the [Redact] :) thank you |
04/10/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | N/A | No | ||||||||||||||
| 223306355 | [Redact] | [Redact] | 33343957 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-04-11): Final title provided |
04/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | B | A | B | A | A | A | N/A | No | |||||||||||||||
| 223306355 | [Redact] | [Redact] | 33343958 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Insured amount not listed on title | Reviewer Comment (2025-04-11): Final title provided Buyer Comment (2025-04-10): attache is correct final title policy thank you :) |
04/11/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Refinance - Rate/Term | B | A | B | A | A | A | N/A | No | ||||||||||||||
| 223306365 | [Redact] | [Redact] | 33343975 | 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 was approved at origination for FICO score of 656 and minimum requirement is 660. Compensating factors is subject property is free and clear. Compensating factor subject and free and clear doesn't mitigate the risk and is not a sufficient/acceptable compensating factor. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
LTV is 51% with a max of 65% Over 140 months vs the minimum of 6 |
Originator,[Redact] Originator,[Redact] |
Reviewer Comment (2025-04-21): Client elects to down grade and waive using compensating factors LTV is 51% with a max of 65% Over 140 months vs the minimum of 6 Buyer Comment (2025-04-16): Hi, this was done internally during the credit risk committee meeting. The other original compensating factor does not seem to be mentioned by the TPR. The LTV is > 10% below maximum (we are 51.500 LTV). Additional factors to consider: • > 100 months post close reserves. • Minimal consumer debt. citing LTV, reserves and consumer debt. Thank you. |
04/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| 223306366 | [Redact] | [Redact] | 33343978 | 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. | Lease agreement is missing | Reviewer Comment (2025-04-18): lease not required |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223307577 | [Redact] | [Redact] | [Redact] | 33345920 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-22): Waived on Rate Lock: Collateral cleared by Custodian |
05/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223307636 | [Redact] | [Redact] | [Redact] | 33346255 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-23): Waived on Rate Lock: Collateral cleared by Custodian |
05/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223307731 | [Redact] | [Redact] | [Redact] | 33346625 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-04): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-30): collateral delivered [Redact] via [Redact] tracking [Redact] |
06/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223307914 | [Redact] | [Redact] | 33347427 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | - | There is a SAM issue on the fraud report for the borrower that was not addressed. The SAM search in file is for an entity, not the borrower. | Reviewer Comment (2025-04-08): SAM search provided Buyer Comment (2025-04-07): upld fraud report :) Buyer Comment (2025-04-03): Sam search attached :) |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223307916 | [Redact] | [Redact] | 33347431 | Credit | Missing Document | General | Missing Document | Missing Document: Vacation Rental Income Statement ([Redact], [Redact], etc.) not provided | Reviewer Comment (2025-04-08): rental rate analysis provided Buyer Comment (2025-04-08): Please provide status Buyer Comment (2025-04-04): Uploaded [Redact] document which was approved by our CCO to be used moving forward in lieu of Rental Income statement from [Redact], [Redact], etc. Please clear |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223307916 | [Redact] | [Redact] | 33347432 | Credit | Guideline | Guideline Issue | Guideline | Short Term Rental property consistently used as a seasonal or vacation rental (i.e., [Redact]) and evidence of at least 12 months of Operating History is not present in the loan file. | Missing 12 months operating history. | Reviewer Comment (2025-04-08): rental rate analysis provided Buyer Comment (2025-04-08): Please provide status Buyer Comment (2025-04-04): Uploaded [Redact] document which was approved by our CCO to be used moving forward in lieu of Rental Income statement from [Redact], [Redact], etc. Please clear |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223307922 | [Redact] | [Redact] | 33347444 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | The address on the Closing Statement doesn't match the address on the Note. Note Address: [Redact] Closing Statement Address: [Redact] |
Reviewer Comment (2025-04-10): Updated HUD provided Buyer Comment (2025-04-08): Uploaded Final Settlement Statement |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223307924 | [Redact] | [Redact] | 33347447 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception in the file approving use of Higher Rents when [Redact] rent/ Security deposit was paid in cash and [Redact] was paid via [Redact]. Compensating factors include Experienced Investor, FICO being 10 points above requirement and Appraisal reflects tenant occupied. | Borrower's Experience/Track Record | Borrower has owned this subject since 2017 | [Redact],Originator Pre-Close | Reviewer Comment (2025-04-04): Client elects to down grade and waive using compensating factors Borrower has owned this subject since 2017 |
04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| 223307927 | [Redact] | [Redact] | 33347449 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Closing protection letter is missing in file. | Reviewer Comment (2025-04-17): CPL provided Buyer Comment (2025-04-16): Following up on the doc uploaded to clear this request. Uploaded on [Redact] Buyer Comment (2025-04-14): CPL uploaded |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223307930 | [Redact] | [Redact] | 33347456 | Credit | Guideline | Guideline Issue | Guideline | Short Term Rental property consistently used as a seasonal or vacation rental (i.e., [Redact]) and evidence of at least 12 months of Operating History is not present in the loan file. | Short Term Rental used, evidence of 12 months of Operating History is not provided. | Reviewer Comment (2025-04-21): Used form 1007 Buyer Comment (2025-04-16): The guideline they are showing is only if we use [Redact] and alt doc income which is a non qm loan, this is a noni - no income. We did not use it we used the 1007 which is allowed. Please to go to guideline [Redact]-see attached :) |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223307930 | [Redact] | [Redact] | 33347457 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved (and/or requested) exception when single entity ownership is 50%. Compensating factors: DSCR is greater than the guideline requirement by .50. Experienced Investor | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. | Originator Pre-Close,[Redact] | Reviewer Comment (2025-04-14): The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. Client elects to downgrade and waive. |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||
| 223307937 | [Redact] | [Redact] | 33347468 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation. The CU score is 2.6. | Reviewer Comment (2025-03-27): Received CDA. Exception cleared Buyer Comment (2025-03-25): CDA |
03/27/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223307937 | [Redact] | [Redact] | 33347470 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Report in file disclosed [Redact] of title insurance coverage; however this is less than the loan amount of [Redact]. Provide a copy of the final title policy or a supplemental title report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-03-31): Received updated Title Supplement with change in policy amount to [Redact]. Exception Cleared Buyer Comment (2025-03-28): Title endorsement w/ loan amt |
03/31/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223307937 | [Redact] | [Redact] | 33347471 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | DSCR Calculation Worksheet is missing in file. | Reviewer Comment (2025-03-27): Received DSCR calculation worksheet. exception cleared Buyer Comment (2025-03-25): DSCR |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223307937 | [Redact] | [Redact] | 33347472 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing evidence of rental deposits. Lox in file indicates borrower portion of rent is [Redact]. Provide most recent rent as required by guides for [Redact] and [Redact] rental incomes from borrower and section 8 (deposit accounts). | Reviewer Comment (2025-04-10): Statements and LOX provided. Buyer Comment (2025-04-09): LOX Reviewer Comment (2025-04-03): Deposits provided showing the tenants payments. However, we don't see bank statements showing the deposits in the borrower's checking account. The lender highlighted a deposit in the amount of [Redact] but we are unable to link this to rent. The monthly rent on the lease is [Redact]. Buyer Comment (2025-04-01): The money orders in [Redact] are for the [Redact] rent. She paid a little early for [Redact]. We have [Redact], [Redact], [Redact]. Can you please re-review. Thank you. Reviewer Comment (2025-03-28): The guideline require the two most recent bank statements showing consecutive rental payments. Buyer Comment (2025-03-26): Rent payment [Redact] & [Redact] Bank Statements - section 8 deposits |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223307938 | [Redact] | [Redact] | 33347474 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | DSCR calculation worksheet is missing in file. | Reviewer Comment (2025-03-28): Received DSCR calculation worksheet. exception cleared Buyer Comment (2025-03-27): LOX stating worksheet is not required but lists calculation. |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223307938 | [Redact] | [Redact] | 33347475 | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | Provide a letter of explanation for the absence of a mortgage history. | Reviewer Comment (2025-04-01): Received Letter of Explanation. borrower do not hold mortgage. exception cleared. Buyer Comment (2025-04-01): Per Lender: Please clear with the attached explanation. This borrower has a history of owning properties successfully and does not utilize credit as is evidence from the documents in the file. Please escalate accordingly as needed. Thank you! Buyer Comment (2025-04-01): LOE Reviewer Comment (2025-03-28): As per Guideline Borrowers with no mortgage/rental history due to a residence scenario requiring no mortgage or rental payments are eligible with a satisfactory letter of explanation from Borrower. Exception Remains Buyer Comment (2025-03-27): see lox |
04/01/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | |||||||||||||||||
| 223307939 | [Redact] | [Redact] | 33347477 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Require current lease must be supported with two most recent bank statements showing consecutive rental payment. | Reviewer Comment (2025-04-11): Received bank statement and Bifurcation of Combined Deposits of all renal properties borrower owned which includes subject [Redact]. Exception Cleared Buyer Comment (2025-04-10): rent |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223307939 | [Redact] | [Redact] | 33347478 | 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. | Require business purpose certificate with property address, borrower current address signed and dated by borrower/guarantor. | Reviewer Comment (2025-04-11): Received 1st page with Require information on 1st page. 2nd page already with signature already provided in the file. Exception Cleared Buyer Comment (2025-04-10): BPO |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223307940 | [Redact] | [Redact] | [Redact] | 33347480 | Credit | Credit | Transaction Error | Credit | Transaction Error: Total Cash-out on a purchase transaction. | PCCD reflects refund after large over delivered down payment, | Reviewer Comment (2025-03-31): PCCD tested incidental cash back on the PCCD of [Redact] is acceptable. due to [Redact] tendered on [Redact] and cash to close wire on [Redact] [Redact]. |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | |||||||||||
| 223307940 | [Redact] | [Redact] | [Redact] | 33347481 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Re-reviewed to DSCR [Redact] guides. New Lease dated [Redact] with rents of [Redact]. File reflects [Redact] and [Redact] [Redact] bank deposits presumably for rent but unknown if this is from prior tenants. Need [Redact] evidence of new rent deposit (first payment [Redact]) + move in security deposit (per new lease) [Redact]. | Reviewer Comment (2025-04-04): Purchase transaction not required. |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | |||||||||||
| 223310191 | [Redact] | [Redact] | [Redact] | 33355935 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-29): Collateral delivered on [Redact] via [Redact] tracking [Redact]. |
06/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223310191 | [Redact] | [Redact] | [Redact] | 33514063 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage insufficient by [Redact] Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-06-09): Revised dec page with sufficient coverage provided Seller Comment (2025-06-05): Please see invoice for increase in the premium. Reviewer Comment (2025-06-05): Revised declarations page provided verifying sufficient coverage. However, the premium was not disclosed and unable to determine if the premium increased with the increase in coverage. Provide proof of the revised premium so the DSCR can be accurately calculated. Condition remains Seller Comment (2025-06-05): Attached is the revised EPI showing the building coverage at [Redact] |
06/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223310224 | [Redact] | [Redact] | [Redact] | 33356113 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-22): (Rate Lock) [Redact] |
05/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223314291 | [Redact] | [Redact] | [Redact] | 33364547 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-15): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-14): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223314318 | [Redact] | [Redact] | [Redact] | 33364633 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-04): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-06-02): Collateral delivered on [Redact] via [Redact] tracking number [Redact]. |
06/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223314958 | [Redact] | [Redact] | [Redact] | 33369049 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-04): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-06-03): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
06/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223316361 | [Redact] | [Redact] | [Redact] | 33370426 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-27): Collateral delivered on [Redact] via [Redact] tracking [Redact]. |
06/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223321297 | [Redact] | [Redact] | [Redact] | 33372111 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-22): (Rate Lock) [Redact] |
05/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223327404 | [Redact] | [Redact] | 33383544 | Compliance | Compliance | State Compliance | State Defect | [Redact] Prepayment Penalty Small Loan | [Redact] Prepayment Penalty: A prepayment penalty is not permissible on a first lien loan less than [Redact]. Prepay language states prepay will not exceed maximum permitted by applicable law. | Loan amount is less than [Redact]. A prepayment penalty is not permissible. | Buyer Comment (2025-04-04): Acknowledged non material |
04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| 223327405 | [Redact] | [Redact] | 33383551 | Compliance | Compliance | State Compliance | State Defect | [Redact] Prepayment Penalty | [Redact] Prepayment Penalty: Loan prepay term of 60 months exceeds state maximum of 36 months. Prepay language states prepay will not exceed maximum permitted by applicable law. | Buyer Comment (2025-04-03): Acknowledged non material |
04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| 223327406 | [Redact] | [Redact] | 33383554 | 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: ___ | Buyer Comment (2025-04-04): AVM was lower however a higher level valuation was subsequently obtained and validated OA Buyer Comment (2025-04-04): we have a CDA from [Redact] as required per the guidelines that supports the appraised value with 0 variance. Why would we need to waive this exception? |
04/04/2025 | 2 | A | A | A | A | A | A | A | A | B | B | [Redact] | Investment | Refinance - Rate/Term | B | B | A | A | A | A | B | B | N/A | No | ||||||||||||
| 223327408 | [Redact] | [Redact] | 33383560 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Instructions not provided | Closing Instruction is required to mitigate this exception | Reviewer Comment (2025-04-14): Closing instructions provided. Buyer Comment (2025-04-08): Closing Instructions |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327409 | [Redact] | [Redact] | 33383564 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Approved Lender Exception: for 30 day late payment for [Redact]. Compensating Factors provided. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Guidelines Representative FICO: 680 Representative FICO: 787 Reserves: 21.17 Guideline Requirement: 9.00 |
Aggregator,[Redact] Aggregator,[Redact] |
Reviewer Comment (2025-03-27): Client elects to down grade and waive using compensating factors: Guidelines Representative FICO: 680 Representative FICO: 787 Reserves: 21.17 Guideline Requirement: 9.00 |
03/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||||
| 223327410 | [Redact] | [Redact] | 33383566 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Reviewer Comment (2025-04-15): Flood certificate provided. Buyer Comment (2025-04-10): flood cert |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||||
| 223327412 | [Redact] | [Redact] | 33383573 | Compliance | Compliance | State Compliance | State Defect | [Redact] SB270 Prepayment Penalty Test 2009 Investment Test | [Redact] SB270: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Buyer Comment (2025-03-31): Acknowledged as non-material. |
03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| 223327414 | [Redact] | [Redact] | 33383577 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2025-04-14): Certificate of Good Standing provided. Buyer Comment (2025-04-08): Cert of good standing |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||||
| 223327415 | [Redact] | [Redact] | 33383578 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Loan is to be securitized. Secondary valuation is missing. | Reviewer Comment (2025-04-14): Desk review was provided. Buyer Comment (2025-04-08): Review appraisal |
04/14/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | A | A | A | A | A | D | A | N/A | No | ||||||||||||
| 223327417 | [Redact] | [Redact] | 33383589 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2025-04-01): Received Cert of Good Standing in trailing docs. Cleared. Buyer Comment (2025-04-01): Good Standing |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||||
| 223327417 | [Redact] | [Redact] | 33383590 | Credit | Credit | Credit Documentation | Credit | Background check is missing. | The background check is missing for the borrowing entity. | Reviewer Comment (2025-04-01): Received Background Check document in trailing docs. Cleared. Buyer Comment (2025-04-01): background check |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327418 | [Redact] | [Redact] | 33383595 | Credit | Credit | Credit Documentation | Credit | Background check is missing. | The file is missing the background check for the borrowing business entity. | Reviewer Comment (2025-04-06): Not required for entity. Buyer Comment (2025-04-01): per lender the background was unavailable, see OFAC search |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327418 | [Redact] | [Redact] | 33383597 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | The Asset Summary reflects additional assets of [Redact]; however, the file does not contain bank statements for this account. | Reviewer Comment (2025-04-06): Additional assets received in trailing docs. Buyer Comment (2025-04-01): see bank statement |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327421 | [Redact] | [Redact] | 33383613 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | The Asset Summary worksheet reflects assets totaling [Redact]; however, the file does not contain the bank statements for the accounts. | Reviewer Comment (2025-04-06): Received additional asset statements in trailing docs Buyer Comment (2025-04-01): see stmts |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327421 | [Redact] | [Redact] | 33383615 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Issue: Refinance seasoning requirements not met | Seasoning requirement for property value. Subject obtained through Quit Claim Deed dated [Redact]. Document B1 ownership exceeds 180 days or utilize the lower of the purchase price or the appraised value. Property purchased greater than 180 days the cost basis is the current appraised value up to 140% of the borrower's initial cost basis. | Reviewer Comment (2025-04-06): Closing statement reflecting initial acquisition date is [Redact]. Refinance seasoning requirements have been met. Buyer Comment (2025-04-01): per lender : [Redact]funded the bridge loan on this, it was a purchase we closed on [Redact], see HUD from purchase of the subject property |
04/06/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||||||||
| 223327421 | [Redact] | [Redact] | 33383616 | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | Payoff reflects B1 is 30 days delinquent at closing. Provide updated mortgage-payment history reflecting 0 X 30. | Reviewer Comment (2025-04-15): Pay history provided shows no late payments. Buyer Comment (2025-04-10): VOM |
04/15/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||||||||
| 223327423 | [Redact] | [Redact] | 33383623 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Approval is missing in file. | Reviewer Comment (2025-04-06): Received Buyer Comment (2025-04-04): Approval |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223327423 | [Redact] | [Redact] | 33383624 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Closing Protection Letter is missing in file. | Reviewer Comment (2025-04-06): Received Buyer Comment (2025-04-04): CPL |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223327423 | [Redact] | [Redact] | 33383625 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC is missing in file. | Reviewer Comment (2025-04-06): Received Buyer Comment (2025-04-04): Background |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 223327425 | [Redact] | [Redact] | 33383633 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is approved for allowing no new mortgage account on guarantor [Redact] credit report without activity. | Borrower has owned the subject property for at least 5 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. 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. |
[Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2025-04-09): Investor exception provided. Buyer Comment (2025-04-08): [Redact] has approved the exception |
04/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | ||||||||||
| 223327426 | [Redact] | [Redact] | 33383638 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is approved for allowing no new mortgage account on guarantor [Redact] credit report without activity. | Borrower has owned the subject property for at least 5 years. The representative FICO score exceeds the guideline minimum by at least 40 points. |
[Redact] [Redact] |
Reviewer Comment (2025-04-09): Investor exception provided. Buyer Comment (2025-04-08): [Redact] has approved the exception |
04/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | ||||||||||
| 223327427 | [Redact] | [Redact] | 33383643 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Guidelines required 9 months reserves and file was missing sufficient documentation. | Reviewer Comment (2025-04-06): Additional assets received in trailing docs Buyer Comment (2025-04-03): Statement Buyer Comment (2025-04-03): Asset |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327427 | [Redact] | [Redact] | 33383645 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Issue: Refinance seasoning requirements not met | Seasoning requirement for property value. Subject obtained through Quit Claim Deed dated [Redact]. Document B1 ownership exceeds 180 days or utilize the lower of the purchase price or the appraised value. Property purchased greater than 180 days the cost basis is the current appraised value up to 140% of the borrower's initial cost basis. | Reviewer Comment (2025-04-06): Closing statement dated [Redact] received, meeting refinance seasoning requirements. Buyer Comment (2025-04-03): HUD from purchase uploaded, this was purchased [Redact] |
04/06/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | A | A | N/A | No | |||||||||||||||||
| 223327428 | [Redact] | [Redact] | 33383654 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Guidelines requires 9 months of Reserves, however only 4.95 months reserve available in file. | Reviewer Comment (2025-04-06): Additional assets received in trailing docs. Buyer Comment (2025-04-04): Bank Statements |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327429 | [Redact] | [Redact] | 33383656 | Compliance | Compliance | State Compliance | State Defect | [Redact] Prepayment Penalty | [Redact] Prepayment Penalty: Loan contains an impermissible prepayment penalty of greater than 6 months. Prepay language states prepay will not exceed maximum permitted by applicable law. | Prepayment Penalty is impermissible as per [Redact] state. Penalty period is greater than 6 months | Buyer Comment (2025-04-01): Acknowledged non material |
04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Limited Cash-out GSE | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| 223327431 | [Redact] | [Redact] | 33383670 | Compliance | Compliance | State Compliance | State Defect | [Redact] SB270 Prepayment Penalty Test 2009 Investment Test | [Redact] SB270: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Buyer Comment (2025-04-01): Acknowledged as non-material. |
04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | B | B | A | A | N/A | No | ||||||||||||
| 223327431 | [Redact] | [Redact] | 33383671 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Approved Lender exception in file requesting DSCR exception between 1.00% and 1.20%, Approved at 1.10% mini DSCR, compensating factors: borrower has 200+ months in reserves and is an experienced flipper, no mortgage lates reporting on credit. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Reserves: 236.22 Guideline Requirement: 9.00 |
Originator,[Redact] | Reviewer Comment (2025-03-28): Client elects to down grade and waive using compensating factors: Borrower is an experienced flipper with no mortgage lates on credit. Reserves: 236.22 Guideline Requirement: 9.00 |
03/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | B | B | A | A | N/A | No | |||||||||
| 223327432 | [Redact] | [Redact] | 33383677 | Compliance | Compliance | County Compliance | State Defect | (County High Cost Provision) [Redact] Predatory Loan (Ability to Repay not Verified) | [Redact] Predatory Loan: Borrower's ability to repay not verified with reliable documentation. | Buyer Comment (2025-04-01): Acknowledged non material |
04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| 223327432 | [Redact] | [Redact] | 33383678 | Compliance | Compliance | County Compliance | State Defect | (County High Cost) [Redact] Threshold Loan (Points and Fees) | [Redact] Predatory Lending Ordinance: Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of 5.00000% of the County Total Loan Amount. Points and Fees total [Redact] on a County Total Loan Amount of [Redact] vs. an allowable total of [Redact] (an overage of [Redact] or [Redact]). Non-Compliant High Cost Loan. | Buyer Comment (2025-04-01): Acknowledged non material |
04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| 223327432 | [Redact] | [Redact] | 33383679 | Compliance | Compliance | County Compliance | State Defect | (County High Cost Provision) [Redact] Predatory Loan (Prepayment Penalty Term Exceeds Threshold) | [Redact] Predatory Loan: Mortgage loan contains prepayment penalty which exceeds 36 months. | Buyer Comment (2025-04-01): Acknowledged non material |
04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| 223327432 | [Redact] | [Redact] | 33383680 | Compliance | Compliance | County Compliance | State Defect | (County High Cost Provision) [Redact] Predatory Loan (Prepayment Penalty Exceeds Thresholds) | [Redact] Predatory Loan: Prepayment penalty exceeds allowable thresholds. | Buyer Comment (2025-04-01): Acknowledged non material |
04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| 223327433 | [Redact] | [Redact] | 33383686 | Credit | Investment Product | General | Investment Product | REO property does not have a lease in place and required by guidelines. | - | Lease agreement is missing. | Reviewer Comment (2025-04-10): Lender applied 5% reduction for unleased property. Buyer Comment (2025-04-04): Per Lender: This property was purchased in 2020 we clipped 5% LTV and moved forward as vacant and used long-term market rents for DSCR |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| 223327433 | [Redact] | [Redact] | 33383688 | Compliance | Compliance | State Compliance | State Defect | [Redact] Prepayment Penalty | [Redact] Prepayment Penalty: Loan prepay term of 60 months exceeds state maximum of 36 months. Prepay language states prepay will not exceed maximum permitted by applicable law. | Loan prepay term of 60 months exceeds state maximum of 36 months. | Buyer Comment (2025-04-01): Acknowledged non material |
04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| 223327434 | [Redact] | [Redact] | 33383694 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Background Check not provided | The background check to include judgment and lien search for the borrowing entity is missing. | Reviewer Comment (2025-04-06): Received for borrowing entity. Buyer Comment (2025-04-01): see entity background check |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327434 | [Redact] | [Redact] | 33383695 | Credit | Credit | Credit Documentation | Credit | Background check is missing. | The background check including judgment and lien search for the guarantor is missing. | Reviewer Comment (2025-04-15): Background check for guarantor received in trailing docs. Buyer Comment (2025-04-10): see background check Reviewer Comment (2025-04-06): The entire background check for guarantor is missing. Condition was calling out that it needed to contain a lien and judgment search as well. Buyer Comment (2025-04-01): per lender : Lien and judgment searches should be on the last page of the credit report for each guarantor |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327436 | [Redact] | [Redact] | 33383703 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Closing Protection Letter is required to mitigate this exception. | Reviewer Comment (2025-04-06): Received Buyer Comment (2025-04-01): CPL |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327445 | [Redact] | [Redact] | 33383731 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception at origination to allow borrower's exposure greater than [Redact]. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 720 Representative FICO: 787 |
Originator Pre-Close,[Redact] | Reviewer Comment (2025-04-09): Investor exception. |
04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||||
| 223327446 | [Redact] | [Redact] | 33383734 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception at origination to allow borrower's exposure greater than [Redact]. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 720 Representative FICO: 787 |
Originator Pre-Close,[Redact] | Reviewer Comment (2025-04-09): Investor exception provided |
04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||||
| 223327449 | [Redact] | [Redact] | 33383741 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2025-04-10): Received Buyer Comment (2025-04-04): Good Standing |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||||
| 223327451 | [Redact] | [Redact] | 33383746 | Compliance | Compliance | State Compliance | State Defect | [Redact] Prepayment Penalty | [Redact] Prepayment Penalty: Loan prepay term of 60 months exceeds state maximum of 36 months. Prepay language states prepay will not exceed maximum permitted by applicable law. | Pre pay terms is 60 months as per the note. | Buyer Comment (2025-04-02): Acknowledged as non-material. |
04/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| 223327454 | [Redact] | [Redact] | 33383753 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Closing Protection Letter is missing in file. | Reviewer Comment (2025-04-08): Received Buyer Comment (2025-04-08): Closing Protection |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327461 | [Redact] | [Redact] | 33383772 | Compliance | Loan Package Documentation | Closing / Title | Loan Package Documentation | Note Error: Note grace period days less than minimum per state | Buyer Comment (2025-04-07): Acknowledged as non-material. |
04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||||
| 223327462 | [Redact] | [Redact] | 33383775 | Compliance | Compliance | State Compliance | State Defect | [Redact] Prepayment Penalty | [Redact] Prepayment Penalty: Loan prepay term of 60 months exceeds state maximum of 36 months. Prepay language states prepay will not exceed maximum permitted by applicable law. | Buyer Comment (2025-04-04): Acknowledged as non-material. |
04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | B | B | B | A | A | N/A | No | ||||||||||||
| 223327462 | [Redact] | [Redact] | 33383777 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Property ineligible due to minimum square footage ([Redact] sq ft) requirement. 1004 reflects subject GLA as [Redact] sq ft. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
Reserves: 54.58 Guideline Requirement: 9.00 Guidelines Representative FICO: 680 Representative FICO: 773 |
Originator Pre-Close,[Redact] Originator Pre-Close,[Redact] |
Reviewer Comment (2025-04-16): Waived with compensating factors per lender direction. Buyer Comment (2025-04-10): lender exception |
04/16/2025 | 2 | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | B | B | B | A | A | N/A | No | ||||||||||||||
| 223327464 | [Redact] | [Redact] | 33383779 | Compliance | Compliance | County Compliance | State Defect | (County High Cost) [Redact] Threshold Loan (Points and Fees) | [Redact] Predatory Lending Ordinance: Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of 5.00000% of the County Total Loan Amount. Points and Fees total [Redact] on a County Total Loan Amount of [Redact] vs. an allowable total of [Redact] (an overage of [Redact] or [Redact]). Non-Compliant High Cost Loan. | Buyer Comment (2025-04-03): Acknowledged non material |
04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||||
| 223327464 | [Redact] | [Redact] | 33383780 | Compliance | Compliance | County Compliance | State Defect | (County High Cost Provision) [Redact] Predatory Loan (Prepayment Penalty Term Exceeds Threshold) | [Redact] Predatory Loan: Mortgage loan contains prepayment penalty which exceeds 36 months. | Buyer Comment (2025-04-03): Acknowledged non material |
04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||||
| 223327464 | [Redact] | [Redact] | 33383781 | Compliance | Compliance | County Compliance | State Defect | (County High Cost Provision) [Redact] Predatory Loan (Prepayment Penalty Exceeds Thresholds) | [Redact] Predatory Loan: Prepayment penalty exceeds allowable thresholds. | Buyer Comment (2025-04-03): Acknowledged non material |
04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||||
| 223327464 | [Redact] | [Redact] | 33383783 | Credit | Credit | Public Records | Credit | Public Records/Collections/Charge Off does not meet guidelines. | - | Background check for the business entity reflects there were 2 foreclosures on [Redact], which is less than 3 years. | Reviewer Comment (2025-04-10): Deed received in trailing documents reflecting our entity bought property in question on this date and was not the named entity in the foreclosure Buyer Comment (2025-04-04): Lender's comment: see document showing a warranty deed and not a foreclosure |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| 223327464 | [Redact] | [Redact] | 33383784 | Compliance | Compliance | County Compliance | State Defect | (County High Cost Provision) [Redact] Predatory Loan (Financed Fees Exceeds Threshold) | [Redact] Predatory Loan: Lender financed points and fees in excess of 6%. | Buyer Comment (2025-04-03): Acknowledged non material |
04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||||
| 223327465 | [Redact] | [Redact] | 33383786 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation not provided. | Reviewer Comment (2025-04-14): Received Articles of organization in trailing docs. Buyer Comment (2025-04-10): Articles of Organization |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327465 | [Redact] | [Redact] | 33383789 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2025-04-14): Received COGS in trailing docs. Buyer Comment (2025-04-10): COGS |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||||
| 223327467 | [Redact] | [Redact] | 33383792 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Secondary valuation is not provided in the file. | Reviewer Comment (2025-04-14): Desk review provided in trailing docs. Buyer Comment (2025-04-08): Risk review |
04/14/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | N/A | No | ||||||||||||
| 223327469 | [Redact] | [Redact] | 33383797 | 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 (2025-04-14): Received COGS in trailing docs. Buyer Comment (2025-04-10): Cert of Good Standing |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327469 | [Redact] | [Redact] | 33383799 | Credit | Business Purpose | General | Business Purpose | Verification of Borrower's identity is missing. | - | Missing verification of borrower's identity. | Reviewer Comment (2025-04-14): Received ID card in trailing docs. Buyer Comment (2025-04-10): ID |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| 223327470 | [Redact] | [Redact] | 33383802 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Closing Protection Letter is missing. | Reviewer Comment (2025-04-10): Received Buyer Comment (2025-04-08): Closing protection letter |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327470 | [Redact] | [Redact] | 33383803 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing. | Reviewer Comment (2025-04-10): Per EIN and correspondence with guarantor, this is sole member entity Buyer Comment (2025-04-05): As per page 7 of [Redact] guidelines, Corporate Resolution is not a requirement. Please clear. |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327470 | [Redact] | [Redact] | 33383804 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing. | Reviewer Comment (2025-04-10): Per EIN and correspondence with guarantor, this is sole member entity without an OA. Buyer Comment (2025-04-08): Per Lender: We did not have an OA since we have a sole member EIN letter, we also have email confirmation of sole member |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327473 | [Redact] | [Redact] | 33383811 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing. | Reviewer Comment (2025-04-14): Email confirming sole ownership and EIN provided. Buyer Comment (2025-04-11): We have a email from the borrower confirming sole member, we used EIN letter that states sole member Reviewer Comment (2025-04-10): As the file is missing the required operating agreement, we are not able to determine our guarantor's ownership percentage. If guarantor is not 100% owner of borrowing entity, a corporate resolution/signing authority allowing the guarantor to bind the borrowing entity will be required. Buyer Comment (2025-04-05): As per page 7 of [Redact] guidelines, Corporate Resolution is not a requirement. Please clear. |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327473 | [Redact] | [Redact] | 33383812 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing. | Reviewer Comment (2025-04-14): Email confirming sole ownership and EIN provided. Buyer Comment (2025-04-10): LLC sole member owner |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327476 | [Redact] | [Redact] | 33383819 | 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 not provided on Hazard policy. | Reviewer Comment (2025-04-14): Received Insurance policy in trailing docs. Exception cleared. Buyer Comment (2025-04-08): This is per an internet search; On a USAA HOI policy, fair rental value (FRV) coverage, which is part of the loss of use coverage, helps landlords recover lost rental income if the property is uninhabitable due to a covered loss, but it's not a separate coverage on homeowners policies; it's included with the policy's loss of use coverage Buyer Comment (2025-04-08): HOI - Per Lender: see Fair Rental Value |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327481 | [Redact] | [Redact] | 33383831 | Compliance | Compliance | State Compliance | State Defect | [Redact] Prepayment Penalty | [Redact] Prepayment Penalty: Loan contains an impermissible prepayment penalty of greater than 6 months. Prepay language states prepay will not exceed maximum permitted by applicable law. | Loan contains an impermissible prepayment penalty of greater than 6 months. Prepay language states prepay will not exceed maximum permitted by applicable law. | Buyer Comment (2025-04-04): Acknowledged non material |
04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| 223327487 | [Redact] | [Redact] | 33383842 | 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: ___ | Secondary valuation is provided in file has lower value than the primary appraisal value | Buyer Comment (2025-04-07): AVM was lower however a higher level valuation was subsequently obtained and validated OA Buyer Comment (2025-04-05): Can you please remove this exception The appraisal and the CDA in the file both list the value of the subject property as [Redact] with 0% variance. The additional valuation in file is an AVM which clearly states it's an estimated market value and contains the statement it should be used as a starting point to determine a home's value. |
04/07/2025 | 2 | A | A | A | A | A | A | A | A | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | N/A | No | |||||||||||
| 223327490 | [Redact] | [Redact] | 33383846 | Compliance | Compliance | State Compliance | State Defect | [Redact] Prepayment Penalty | [Redact] Prepayment Penalty: Loan prepay term of 60 months exceeds state maximum of 36 months. Prepay language states prepay will not exceed maximum permitted by applicable law. | Loan prepay term of 60 months exceeds state maximum of 36 months. | Buyer Comment (2025-04-06): Acknowledged non material |
04/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | B | B | N/A | No | |||||||||||
| 223327490 | [Redact] | [Redact] | 33383848 | 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: ___ | Desk Review supporting the Appraisal value, AVM will not consider for LTV calculation | Buyer Comment (2025-04-05): AVM was lower however a higher level valuation was subsequently obtained and validated OA |
04/05/2025 | 2 | A | A | A | A | A | A | A | A | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | B | B | N/A | No | |||||||||||
| 223327490 | [Redact] | [Redact] | 33383850 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Missing from the file | Reviewer Comment (2025-04-14): Received CPL letter in trailing docs. Buyer Comment (2025-04-10): CPL |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | B | B | N/A | No | ||||||||||||
| 223327493 | [Redact] | [Redact] | 33383854 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Missing within 365 days from closing | Reviewer Comment (2025-04-14): Certificate of Good Standing provided. Buyer Comment (2025-04-08): cert of good standing |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327493 | [Redact] | [Redact] | 33383855 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Missing from file | Reviewer Comment (2025-04-14): CPL provided. Buyer Comment (2025-04-08): Closing protection |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223327508 | [Redact] | [Redact] | 33383880 | Compliance | Compliance | State Compliance | State Defect | [Redact] SB270 Prepayment Penalty Test 2009 Investment Test | [Redact] SB270: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Buyer Comment (2025-04-17): Acknowledged as non-material. |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| 223327509 | [Redact] | [Redact] | 33383882 | Compliance | Compliance | State Compliance | State Defect | [Redact] SB270 Prepayment Penalty Test 2009 Investment Test | [Redact] SB270: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Buyer Comment (2025-04-17): Acknowledged as non-material. |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| 223327934 | [Redact] | [Redact] | [Redact] | 33384575 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-28): Collateral delivered [Redact] via [Redact] tracking [Redact] |
05/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223329158 | [Redact] | [Redact] | [Redact] | 33386502 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-20): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-19): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223329160 | [Redact] | [Redact] | [Redact] | 33386537 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-30): collateral delivered [Redact] via [Redact] tracking [Redact] |
06/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223331741 | [Redact] | [Redact] | [Redact] | 33387865 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-30): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-22): (Rate Lock) [Redact] |
05/30/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223332092 | [Redact] | [Redact] | [Redact] | 33388463 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-20): Collateral delivered on [Redact] via [Redact] tracking number [Redact]. |
05/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223332117 | [Redact] | [Redact] | [Redact] | 33388482 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-22): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-19): (Rate Lock) [Redact] |
05/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223334332 | [Redact] | [Redact] | [Redact] | 33397595 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-15): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223334731 | [Redact] | [Redact] | [Redact] | 33397850 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-29): Collateral delivered on [Redact] via [Redact] tracking [Redact]. |
06/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223335376 | [Redact] | [Redact] | [Redact] | 33398411 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-04): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-30): (Rate Lock) [Redact] |
06/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223335694 | [Redact] | [Redact] | [Redact] | 33399144 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-20): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-19): (Rate Lock) [Redact] |
05/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223335703 | [Redact] | [Redact] | [Redact] | 33399154 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-30): collateral delivered [Redact] via [Redact] tracking [Redact] |
06/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 223335703 | [Redact] | [Redact] | [Redact] | 33514486 | 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 ___. | There is an approved Client Exception was provided for loan amount being less than the guidelines minimum loan amount. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
[Redact] REO equity 763 FICO is 63 over minimum (700). |
Aggregator,[Redact] Originator Pre-Close,Aggregator,[Redact] |
Reviewer Comment (2025-05-27): Client elected to waive the condition with the following Compensating Factors: 61 LTV is 9 below max (70) [Redact] REO equity including primary owned free/clear. 763 FICO is 63 over minimum (700). |
05/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||
| 223338368 | [Redact] | [Redact] | [Redact] | 33404783 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-23): Collateral delivered on [Redact] via [Redact] tracking [Redact]. |
05/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223338368 | [Redact] | [Redact] | [Redact] | 33480739 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Policy coverage shortfall of [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-05-21): Received replacement cost estimate. Exception Cleared. Seller Comment (2025-05-20): Please see attached email from agent and RCE from agent. Seller Comment (2025-05-20): rce |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223338753 | [Redact] | [Redact] | [Redact] | 33405281 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-23): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223363778 | [Redact] | [Redact] | 33419996 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity In Occupancy - Investment Loans | Loan does not qualify for Investment Loans scope because the Final 1003 does not indicate that the property will be an Investment Property or the Final 1003 Declarations, Valuation or Occupancy Cerificate indicates the borrower intends to occupy the subject property. | Appraisal states owner occupied and this is an investment property | Reviewer Comment (2025-04-17): LOX provided along with new lease and new tenant deposit along with BPC confirms rental tenancy. Reviewer Comment (2025-04-03): Lender will need to provide proof the property is not being rented to family. Buyer Comment (2025-04-02): I think the below comment is a problem. Who is the property currently rented to. BPA reflects it wont be rented to family Buyer Comment (2025-04-02): Per lender: ATR Summary - Property was previously occupied by borrowers parent and so appraiser indicates owner occupied and appraiser comments that pending lease. Borrowers have history as professional investors. |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | D | B | C | A | A | A | N/A | No | |||||||||||
| 223363778 | [Redact] | [Redact] | 33419997 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | DSCR calculation missing in file | Reviewer Comment (2025-04-10): Received DSCR Calculation Worksheet. Exception Cleared Buyer Comment (2025-04-09): DSCR worksheet Reviewer Comment (2025-04-02): Provided document does not reflects DSCR calculation, DSCR ratio is already provided in file. Required DSCR calculation worksheet. Exception remains. Buyer Comment (2025-04-02): Prev comments are per lender, I only see the 1008 comments reflecting the DSCR at initial Underwrite Buyer Comment (2025-04-02): Figures for calculation are on the 1008 already provided in file. Income from the property divided by the PITIA. [Redact] divided by [Redact] = 1.090% DSCR ratio |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | D | B | C | A | A | A | N/A | No | ||||||||||||
| 223363778 | [Redact] | [Redact] | 33419998 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | For refinances, a current lease must be supported with two most recent bank statements showing consecutive rental payments. New lease provided with first payment and security deposit. Confirm acceptability. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. 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. |
111 vs 3 | [Redact],Aggregator [Redact] [Redact] |
Reviewer Comment (2025-04-17): Investor accepts and approves with compensating factors. Buyer Comment (2025-04-16): Exception from [Redact] for 2 months bank statements. |
04/17/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | D | B | D | B | C | A | A | A | N/A | No | |||||||||
| 223363779 | [Redact] | [Redact] | 33420000 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Guarantor Agreement is missing. | Reviewer Comment (2025-04-16): Received Guarantor Agreement with Borrower Entity name. Exception Cleared Buyer Comment (2025-04-14): Updated PG Buyer Comment (2025-04-13): Disregard (not updated) Buyer Comment (2025-04-13): Guarantor agreement Reviewer Comment (2025-04-08): No updated guaranty agreement received with borrower business entity name on page 1. exception remains. Buyer Comment (2025-04-08): Transfer of agreement Reviewer Comment (2025-04-08): Received guarantor agreement however Borrower Business entity name is not reflected on 1st page where it states " Guarantor is member of Borrower XXXXX. Exception Remains Buyer Comment (2025-04-07): Guarantor agreement |
04/16/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | No | ||||||||||||
| 223363779 | [Redact] | [Redact] | 33420001 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | As per appraisal Solar leased and transferred document is missing | Reviewer Comment (2025-04-16): Transfer document provided. Buyer Comment (2025-04-14): Solar lease |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | No | ||||||||||||
| 223363779 | [Redact] | [Redact] | 33420002 | Compliance | Compliance | State Compliance | State Defect | [Redact] SB270 Prepayment Penalty Test 2009 Investment Test | [Redact] SB270: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Buyer Comment (2025-04-07): Acknowledged non material |
04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | No | ||||||||||||
| 223363779 | [Redact] | [Redact] | 33420003 | 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. | Missing BPC | Reviewer Comment (2025-04-09): Signed Business purpose Certificate received .Exception Cleared Buyer Comment (2025-04-09): business purpose cert |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | No | ||||||||||||
| 223363780 | [Redact] | [Redact] | 33420005 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | File contain lease agreement starting from [Redact] and rent payment statement from property management company for 3 months ([Redact], [Redact] and [Redact]) however as per guide, Current lease agreement supported with two most recent bank statements showing consecutive rental payments is required. Therefore provide prior lease agreement valid at the time of closing and bank statement showing receipt and/or evidence of new rent and security deposit from new lease | Reviewer Comment (2025-04-10): Lease and statements provided. Buyer Comment (2025-04-09): lease documentation |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223363780 | [Redact] | [Redact] | 33420006 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | 12 months Verification of Mortgage for Property [Redact] until month prior to closing is missing in file. [Redact] #[Redact] | Reviewer Comment (2025-04-14): Received VOM for Property [Redact] Confirm payment till [Redact]5. Exception Cleared Buyer Comment (2025-04-11): VOM Reviewer Comment (2025-04-10): Provide the VOM. Buyer Comment (2025-04-09): Lease documentation |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223363781 | [Redact] | [Redact] | 33420008 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Fraud / OFAC report is missing. | Reviewer Comment (2025-04-11): Received Fraud With OFAC status Pass. Exception Cleared Buyer Comment (2025-04-10): fraud |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223363781 | [Redact] | [Redact] | 33420009 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | Letter of Cash-Out Utilization is missing. | Reviewer Comment (2025-04-11): Received BPC and LOX for cash out Transaction Exception Cleared Buyer Comment (2025-04-10): lox |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223363781 | [Redact] | [Redact] | 33420010 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Approval is missing | Reviewer Comment (2025-04-11): Received Approval Indicating Loan is DSCR. Exception Cleared Buyer Comment (2025-04-10): approval |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223363781 | [Redact] | [Redact] | 33420011 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | 1008 / DSCR Calculation Worksheet is missing. | Reviewer Comment (2025-04-11): Received 1008 and DSCR calculation worksheet. Exception cleared Buyer Comment (2025-04-10): 1008 & DSCR calc |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223363781 | [Redact] | [Redact] | 33420012 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud Report / OFAC missing. | Reviewer Comment (2025-04-11): Received Fraud Report for borrower. Exception cleared Buyer Comment (2025-04-10): fraud |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | No | |||||||||||
| 223363781 | [Redact] | [Redact] | 33420013 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-15): Received UCDP Summary CU score less than 2.5. Guideline allows CU score in lieu of CDA. Exception Cleared Buyer Comment (2025-04-14): UCDP |
04/15/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223363781 | [Redact] | [Redact] | 33420015 | 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. | Missing BPC. | Reviewer Comment (2025-04-11): Received Signed BPC. Exception Cleared Buyer Comment (2025-04-10): bpc |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| 223366767 | [Redact] | [Redact] | [Redact] | 33426131 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-27): collateral delivered [Redact] via [Redact] tracking [Redact] |
06/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223367502 | [Redact] | [Redact] | 33429122 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | DSCR Calculation Worksheet is missing in file. | Reviewer Comment (2025-04-15): Received DSCR Calculation worksheet. Exception Cleared Buyer Comment (2025-04-14): 1008 with DSCR Calculation Reviewer Comment (2025-04-10): Received 1008 with other Borrower, property address and loan terms. Exception Remains Buyer Comment (2025-04-09): 1008 with DSCR calculations |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Purchase | D | B | D | B | A | A | A | A | N/A | No | ||||||||||||
| 223367502 | [Redact] | [Redact] | 33429123 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Loan Approval indicating the loan is DSCR is missing. | Reviewer Comment (2025-04-15): Received 1008 indicating the loan is DSCR. Exception Cleared Buyer Comment (2025-04-14): 1008 Reviewer Comment (2025-04-10): Received 1008 with other Borrower, property address and loan terms. Exception Remains Buyer Comment (2025-04-09): 1008 |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | B | A | A | A | A | N/A | No | ||||||||||||
| 223367502 | [Redact] | [Redact] | 33429124 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Bank statements provided for [Redact] account #[Redact] are [Redact] - [Redact] and [Redact] - [Redact]. Guidelines require the most recent 2 months. Provide the statement covering [Redact] thru [Redact]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. 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. |
[Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2025-04-23): Investor exception provided. Buyer Comment (2025-04-23): investor exception approval Reviewer Comment (2025-04-15): Provide either [Redact] thru [Redact]. or the interim [Redact] to [Redact] to meet the (2 most recent ) The [Redact] to [Redact] statement was disregarded as it is over 90 days. So essentially you have only 1 bank statement in file for this account. |
04/23/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | D | B | D | B | A | A | A | A | N/A | No | |||||||||
| 223367503 | [Redact] | [Redact] | 33429125 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Required copies of the most recent two (2) months bank statements including all pages for [Redact] #[Redact] & #[Redact]. | Reviewer Comment (2025-04-15): Noted. Received Bank Statement from [Redact] - [Redact] for both Accounts #[Redact]. & #[Redact]. Exception Cleared. Buyer Comment (2025-04-13): Bank statement |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | No | |||||||||||
| 223367503 | [Redact] | [Redact] | 33429127 | Compliance | Compliance | State Compliance | State Defect | [Redact] SB270 Prepayment Penalty Test 2009 Investment Test | [Redact] SB270: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Buyer Comment (2025-04-06): Acknowledged non material |
04/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | No | |||||||||||
| 223367503 | [Redact] | [Redact] | 33429128 | Credit | Credit | Miscellaneous | Credit | A copy of Asset Verification Report is not on file. | EMD deposit receipt is missing in file. | Reviewer Comment (2025-04-28): Received EMD deposit receipt. exception cleared. Buyer Comment (2025-04-24): EMD receipt Reviewer Comment (2025-04-15): Noted. Received highlighted page of the bank statement. reflecting EMD amount however this does not support whether EMD was received by the recipient. Provide either the deposit receipt or Wiring statement or Copy of the check for the same. Exception remains. Buyer Comment (2025-04-13): E/M |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | No | ||||||||||||
| 223367503 | [Redact] | [Redact] | 33429129 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | DSCR Calculation Worksheet is missing in file. | Reviewer Comment (2025-04-10): DSCR Calculation worksheet Received. Exception Cleared Buyer Comment (2025-04-09): DSCR calculation worksheet |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | No | ||||||||||||
| 223367504 | [Redact] | [Redact] | 33429131 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | Required Lease Agreement with duration and rent amount of [Redact] reflecting on it. Provided lease agreement is expired but reflects the auto renewal of lease for 1 year. | Reviewer Comment (2025-04-11): Received Borrower confirmation lease locks renewal of 1 Year as no notice provided by tenant. Exception Cleared Buyer Comment (2025-04-10): LOE |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223367504 | [Redact] | [Redact] | 33429132 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Required two most recent bank statements showing consecutive rental payments. | Reviewer Comment (2025-04-22): LOX provided. Buyer Comment (2025-04-18): LOX Reviewer Comment (2025-04-11): Received Bank statement however rental deposit shows Lower than Lease amount noted in lease agreement. Deposit shows [Redact] for [Redact] and [Redact] and [Redact] for [Redact]. no explanation for lower deposit provided. DSCR ratio subject to review. Exception Remains Buyer Comment (2025-04-10): Statement |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223367505 | [Redact] | [Redact] | 33429134 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing evidence of 2 months recent rent. File contains multiple [Redact] receipts, unable to link any bank deposits that match the lease agreement. | Reviewer Comment (2025-04-25): LOX provided. Buyer Comment (2025-04-24): Lox, loan [Redact] dame condition was cleared with this lox. please clear Reviewer Comment (2025-04-11): Received [Redact] Statemen with basification of lease amount, however guideline require 2 months recent Borrower's Bank statement showing rental income deposits. Guideline "For refinances, a current lease must be supported with two most recent bank statements showing consecutive rental payments. Exception Remains Buyer Comment (2025-04-10): Rent deposits Buyer Comment (2025-04-10): Rental Income Summary breakdown attached |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223367506 | [Redact] | [Redact] | 33429135 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Loan Approval indicating the loan is DSCR and a DSCR Calculation Worksheet detailing the DSCR calculation not found at time of review. | Reviewer Comment (2025-04-23): Received 1008 with DSCR Calculation which indicate loan is DSCR. Exception Cleared Buyer Comment (2025-04-22): 1008 with DSCR |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Purchase | D | B | D | B | A | A | A | A | N/A | No | ||||||||||||
| 223367506 | [Redact] | [Redact] | 33429137 | Credit | Guideline | General | Guideline | Guarantor does not have appropriate experience. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The representative FICO score exceeds the guideline minimum by at least 40 points. |
22 vs 3 | [Redact],Aggregator [Redact] [Redact] |
Reviewer Comment (2025-05-01): Investor accepts and agrees to waive with compensating factors. Buyer Comment (2025-04-30): investor exception approval |
05/01/2025 | 2 | B | B | B | B | B | [Redact] | Investment | Purchase | D | B | D | B | A | A | A | A | N/A | No | |||||||||||||||
| 223367507 | [Redact] | [Redact] | 33429139 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Required cash from borrower of [Redact], verified qualifying assets for closing is [Redact], provide verification of sufficient funds to close and meet reserve requirement. [Redact] bank statements reflected on 1003 not provided. | Reviewer Comment (2025-04-16): Received Bank statement of Non-Borrower Entity Business [Redact]C. Operating agreement confirm 100% Ownership owned by Guarantor. no negative impact require. Exception Cleared Buyer Comment (2025-04-13): Operating agreement Buyer Comment (2025-04-13): Bank statement |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223367507 | [Redact] | [Redact] | 33429141 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | Security Instrument for Subject Lien is missing in file. | Reviewer Comment (2025-04-14): Received Security instrument for subject Transaction along with applicable riders. Exception Cleared Buyer Comment (2025-04-13): Security agreement |
04/14/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223367507 | [Redact] | [Redact] | 33429143 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | DSCR Calculation Worksheet is missing in file. | Reviewer Comment (2025-04-14): Received DSCR Calculation Worksheet. Exception Cleared Buyer Comment (2025-04-13): DSCR calc |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223367507 | [Redact] | [Redact] | 33429144 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Tax Certificate is missing in file for subject property, considered First payment letter & final 1003 for tax calculation. | Reviewer Comment (2025-04-14): Received Subject property Tax cert. Exception Cleared Buyer Comment (2025-04-13): First pmt letter Buyer Comment (2025-04-13): Tax bill |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223367507 | [Redact] | [Redact] | 33429146 | Credit | Credit | Miscellaneous | Credit | A copy of Asset Verification Report is not on file. | Required two most recent bank statements showing consecutive rental payments. | Reviewer Comment (2025-04-24): Received Borrower bank statement noted Rental deposit for [Redact] and [Redact] for both unit. Exception Cleared Buyer Comment (2025-04-23): Bank Stmts, 1:35:36 PM Please note that the [Redact] payments are made at the end of the month - the [Redact] payment was for [Redact] and the [Redact] payment was for [Redact]. Reviewer Comment (2025-04-14): Received Bank statement, however it does not noted Rental income deposit of subject property. Required two most recent bank statements showing consecutive rental payments. Exception Remains Buyer Comment (2025-04-13): Bank statement Buyer Comment (2025-04-13): op agreement |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223367507 | [Redact] | [Redact] | 33429147 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 3.00. [Redact] bank statements reflected on 1003 not provided. | Reviewer Comment (2025-04-16): Received Bank statement of Non-Borrower Entity Business [Redact]. Operating agreement confirm 100% Ownership owned by Guarantor. no negative impact require. Exception Cleared Buyer Comment (2025-04-13): Op agreement Buyer Comment (2025-04-13): Bank statement |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223367507 | [Redact] | [Redact] | 33429148 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Note PPP reflects 5/4/3/2/1 structure and guides state 5 Year Term • 5%/4%/4%/2%/1% structure. Confirm acceptability for year 3. | Reviewer Comment (2025-04-14): Client confirmed this is acceptable. Buyer Comment (2025-04-11): Confirming acceptable |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223367507 | [Redact] | [Redact] | 33429149 | Credit | Credit | Credit Calculation / Analysis | Credit | Missing Document: Alternative Credit Documentation not provided | Missing a 12-month housing history on the subject property 1st and 2nd mortgages including the month prior to closing, | Reviewer Comment (2025-04-16): LOX, statement and agreement provided. History not required due to no payments required. Buyer Comment (2025-04-13): Bank statement & op agreement uploaded Buyer Comment (2025-04-13): Lox |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223367509 | [Redact] | [Redact] | 33429154 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Updated CDA is missing, outdated CDA does not support current appraisal, completed prior to appraisal date. | Reviewer Comment (2025-04-25): Received CDA. Exception Cleared Buyer Comment (2025-04-24): CDA |
04/25/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | No | ||||||||||||
| 223367509 | [Redact] | [Redact] | 33429156 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide Evidence of the Tax Lien of Cert # [Redact] IAO [Redact] paid off, reported in title commitment. Additionally provide signed title affidavit which confirms judgement reported in title report is not against the borrower, but against the same or similar name (unsinged title affidavit provided). | Reviewer Comment (2025-04-28): Noted tax lien payment receipt and title company email confirmation for tax lien payment and signed title affidavit document. exception cleared. Buyer Comment (2025-04-24): LOX |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | No | ||||||||||||
| 223367513 | [Redact] | [Redact] | 33429160 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | New Lease is provided however 2 months consecutive rent payments are missing for [Redact] each. | Reviewer Comment (2025-04-25): Received 1st month + Security deposit of newly Lease deposited into borrower bank statement [Redact] + [Redact] = [Redact]. Additionally Last 4 months of Rent of [Redact] deposited in to borrower Bank statement provided. Exception Cleared Buyer Comment (2025-04-23): Statement |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223367514 | [Redact] | [Redact] | 33429163 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Require DSCR Calculation Worksheet detailing the DSCR calculation. | Reviewer Comment (2025-04-29): Received DSCR Calculation worksheet. Exception Cleared Buyer Comment (2025-04-25): DSCR calculation |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| 223367515 | [Redact] | [Redact] | 33429166 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Cash-out Refinance requires 2 most recent bank statements showing consecutive rental payments of [Redact]. DSCR : [Redact]/[Redact] = 1.066 VS Lender calculated DSCR 1.066 |
Reviewer Comment (2025-04-24): Rent payments broken into different deposits and located. Buyer Comment (2025-04-24): The bank statements are in file D0146 and D0147. The rental amount is split up into 2 payments. |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| 223368572 | [Redact] | [Redact] | [Redact] | 33431774 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-04): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-06-03): Collateral delivered on [Redact] via [Redact] tracking [Redact] |
06/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 223368572 | [Redact] | [Redact] | [Redact] | 33542007 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | 05/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| 223368583 | [Redact] | [Redact] | [Redact] | 33431810 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-04): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-06-02): Collateral delivered on [Redact] via [Redact] tracking number [Redact]. |
06/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223377851 | [Redact] | [Redact] | [Redact] | 33438300 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-05-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-05-23): collateral delivered [Redact] via [Redact] tracking [Redact] |
05/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223377851 | [Redact] | [Redact] | [Redact] | 33495836 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. |
Reviewer Comment (2025-06-05): RCE provided Seller Comment (2025-06-05): rce Reviewer Comment (2025-05-23): An additional copy of the HOI dec page included in the initial file was provided. Coverage of [Redact] is insufficient. The FNMA method was used to determine the coverage requirement. Since the appraisal did not provide the Total Estimate of Cost New, 80% of the appraised value is the insured value and coverage of at least [Redact] is required. The insurance is insufficient by [Redact]. Condition is valid and remains open Seller Comment (2025-05-23): hoi |
06/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 223415548 | [Redact] | [Redact] | 33469059 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Subject is a refinance and property is listed for sale. | - | Approved lender exception at origination is provided for the borrower put the property for list with an auction house to see if there was interest to sell, but decided to keep the property, but it was listed for 1,000. Exception to use appraised value. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
Over 109 months reserves vs the minimum of 6 experienced borrower FICO is 772 vs the minimum of 660 |
Originator Pre-Close,[Redact] Originator Pre-Close,[Redact] |
Reviewer Comment (2025-05-06): Client elects to down grade and waive using compensating factors FICO is 772 vs the minimum of 660 Over 109 months reserves vs the minimum of 6 experienced borrower |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| 223419740 | [Redact] | [Redact] | [Redact] | 33469713 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-04): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-06-03): collateral delivered [Redact] via [Redact] tracking [Redact] |
06/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223431261 | [Redact] | [Redact] | [Redact] | 33484671 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-04): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-06-02): collateral delivered [Redact] via [Redact] tracking [Redact] |
06/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | ||||||||||||||
| 223475865 | [Redact] | [Redact] | 33537049 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-04-06): Desk review received in trailing docs. Reviewer Comment (2025-04-06): Not duplicate Reviewer Comment (2025-03-31): Dup |
04/06/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | D | A | N/A | No | |||||||||||||
| 223475865 | [Redact] | [Redact] | 33537050 | Credit | Missing Document | General | Missing Document | Missing Document: Desk Review not provided | Reviewer Comment (2025-04-06): Desk review received in trailing docs. Buyer Comment (2025-04-01): ARR |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | D | A | N/A | No | |||||||||||||
| 223475865 | [Redact] | [Redact] | 33537051 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | - | Reviewer Comment (2025-04-06): 442 received in trailing docs Buyer Comment (2025-04-01): 1004D |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | D | A | N/A | No | ||||||||||||
| 223475865 | [Redact] | [Redact] | 33537055 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception received for acreage exceeding [Redact] acres. Unable to waive due to lack of valid compensating factors. Please provide valid compensating factors. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. 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. |
Reserves: 100.40 Guideline Requirement: 9.00 |
Originator Pre-Close,[Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2025-04-08): Investor exception provided. Buyer Comment (2025-04-08): [Redact] has approved the exception |
04/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | D | A | N/A | No | |||||||||
| 223475865 | [Redact] | [Redact] | 33537056 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception at origination due to guarantor, [Redact], does not meet the tradeline requirements. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Reserves: 100.40 Guideline Requirement: 9.00 |
Originator Pre-Close,[Redact] | Reviewer Comment (2025-04-08): Investor exception provided Buyer Comment (2025-04-08): [Redact] has approved the exception |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | D | A | N/A | No | |||||||||
| 223475865 | [Redact] | [Redact] | 33537057 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Lender approved exception to proceed without VOR for [Redact] a member with 19% ownership. Comp factors: 100.40 months reserves, 811 FICO, and 48% LTV. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. 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. |
Reserves: 100.40 Guideline Requirement: 9.00 |
Originator Pre-Close,[Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2025-05-02): Investor exception provided. |
05/02/2025 | 2 | C | B | C | B | C | B | C | B | D | B | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | D | A | N/A | No | |||||||||
| 223475865 | [Redact] | [Redact] | 33537058 | Credit | Guideline | Guideline Issue | Guideline | Rural property type is not permitted per Guidelines. | Lender requested exception to allow rural property zoning. Please provide valid compensating factors for review of the condition, as those listed are not recognized comp factors. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. 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. |
Reserves: 100.40 Guideline Requirement: 9.00 |
Originator Pre-Close,[Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2025-04-09): Investor exception provided. |
04/09/2025 | 2 | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | D | A | N/A | No | ||||||||||||||
| 223475865 | [Redact] | [Redact] | 33537059 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The appraisal reflects the subject is vacant. No lease found in file. Please see the attached guideline for unleased properties. The audited DSCR ratio is 1.02, whereas the minimum requirement for unleased properties is 1.20 or greater. | Reviewer Comment (2025-04-06): DSCR 1.00 allowed with 720+ score. Buyer Comment (2025-04-01): Per Matrix for credit scores of greater than 720 1.00x DSCR is required. Score is 811. For unleased refinances 5% LTV reduction applies. The "*DSCR ≥ 1.20x *Property value ≥ [Redact]" applies for cash-out refinances of a prior fix and flip loan. |
04/06/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | D | A | N/A | No | |||||||||||||||||
| 223475865 | [Redact] | [Redact] | 33537060 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide documentation showing when the property was purchased and for how much. Properties purchased within 90 days of application the cost basis is the lower of the purchase price or the appraised value of the property. | Reviewer Comment (2025-04-14): Received purchase closing statement in trailing docs. Buyer Comment (2025-04-10): CD for purchase of property |
04/14/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | D | A | N/A | No | |||||||||||||||||
| 223475923 | [Redact] | [Redact] | 33537319 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception at origination to proceed with modified functional replacement cost on insurance. Comp factors: FICO 782 and 26.03 months reserves. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
[Redact] [Redact] |
Reviewer Comment (2025-05-01): Investor exception provided. |
05/01/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | ||||||||||
| 223475923 | [Redact] | [Redact] | 33537322 | Compliance | Compliance | State Compliance | State Defect | [Redact] Prepayment Penalty | [Redact] Prepayment Penalty: Loan prepay term of 60 months exceeds state maximum of 36 months. Prepay language states prepay will not exceed maximum permitted by applicable law. | Prepayment penalty is greater than the state allowed Penalty. | Buyer Comment (2025-04-15): Acknowledged as non-material. |
04/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| 223475932 | [Redact] | [Redact] | 33537349 | Credit | Business Purpose | General | Business Purpose | The appraisal is missing and is required by guidelines. | Appraisal provided; however, it reflects subject property is a refinance transaction and the contract details section was not completed. Subject transaction is a purchase. Please have appraisal updated to reflect purchase transaction and complete the contract section of the 1004. | Reviewer Comment (2025-04-30): Updated appraisal report provided. Buyer Comment (2025-04-30): Updated appraisal |
04/30/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | A | A | N/A | No | |||||||||||||||||
| 223507682 | [Redact] | [Redact] | 33584303 | 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 | The secondary appraisal effective date is not matching with the primary appraisal effective date. | Reviewer Comment (2025-05-13): CDA provided Buyer Comment (2025-05-09): Please see attached for CDA thank you :) Reviewer Comment (2025-05-06): The effective date of the appraisal is [Redact], and the updated CDA effective date is [Redact]. Buyer Comment (2025-05-02): please see the cda |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | N/A | No | ||||||||||||||
| 223507682 | [Redact] | [Redact] | 33584305 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | This loan is a delayed purchase. Missing final purchase HUD to confirm the settlement costs. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
Over 142 months reserves vs the minimum of 6 FICO is 744 vs the minimum of 700 DSCR is 1.41 vs the minimum of 1.00 |
Originator,[Redact] Originator,[Redact] |
Reviewer Comment (2025-05-06): Client elects to down grade and waive using compensating factors FICO is 744 vs the minimum of 700 DSCR is 1.41 vs the minimum of 1.00 Over 142 months reserves vs the minimum of 6 Buyer Comment (2025-05-02): please see the 1003 & 1008 Buyer Comment (2025-05-02): please see the PC exception |
05/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | N/A | No | |||||||||||
| 223507682 | [Redact] | [Redact] | 33584306 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | This loan is a delayed purchase. Missing final purchase HUD to confirm the settlement costs. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
Over 142 months reserves vs the minimum of 6 FICO is 744 vs the minimum of 700 DSCR is 1.41 vs the minimum of 1.00 |
Originator,[Redact] Originator,[Redact] |
Reviewer Comment (2025-05-06): Client elects to down grade and waive using compensating factors FICO is 744 vs the minimum of 700 DSCR is 1.41 vs the minimum of 1.00 Over 142 months reserves vs the minimum of 6 Buyer Comment (2025-05-02): please see the uploaded document |
05/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | N/A | No | |||||||||||
| 223507682 | [Redact] | [Redact] | 33584307 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD (Initial Purchase) not provided | This loan is a delayed purchase. Missing final purchase HUD to confirm the settlement costs. | Reviewer Comment (2025-05-06): Purchase HUD provided Buyer Comment (2025-05-02): please see the upl final ss |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | N/A | No | ||||||||||||||
| 223507682 | [Redact] | [Redact] | 33584308 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds for the Initial Purchase not provided | Per delayed purchase guides - The source of funds for the purchase transaction are documented (such as bank statements, personal loan documents, or a HELOC on another property). This is missing. | Reviewer Comment (2025-05-13): Bank statement for source of funds for Initial purchase provided Buyer Comment (2025-05-09): please see attached for assets thank you Reviewer Comment (2025-05-06): Missing the source of the funds used for the purchase. Buyer Comment (2025-05-02): please see the upl final ss |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | N/A | No | ||||||||||||||
| 223507686 | [Redact] | [Redact] | 33584316 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested exception for Property located in a commercial zone, exception required per guidelines. The compensating factors listed on the approval are not valid compensating factors to waive and down grade. | The qualifying DSCR on the loan is greater than the guideline minimum. | The DSCR of 1.25 is greater than the minimum required DSCR of 1.00. | [Redact],Originator | Reviewer Comment (2025-05-15): Client elects to down grade and waive using compensating factors The DSCR of 1.25 is greater than the minimum required DSCR of 1.00. Buyer Comment (2025-05-13): Copy of approved exception from mgmt attached |
05/15/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| 223507686 | [Redact] | [Redact] | 33584317 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing the rate lock to confirm which guidelines to use | Reviewer Comment (2025-05-15): Rate lock provided Buyer Comment (2025-05-13): Copy of Lock Confirmation attached |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| 223507690 | [Redact] | [Redact] | 33584321 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Loan Agreement is not signed by Lender. | Reviewer Comment (2025-05-15): signed loan agreement provided Buyer Comment (2025-05-14): attached is signed loan agreement thank you by lender |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223507695 | [Redact] | [Redact] | 33584334 | Credit | Business Purpose | Guideline Issue | Business Purpose | Unable to determine # of Projects or Value of Projects. Please provide the necessary documentation. | For experience guidelines, missing the acquisition date and sales price for both REOs on the application, [Redact] and [Redact]. | Reviewer Comment (2025-05-15): Acquisition dates and sales prices for both REOs provided Buyer Comment (2025-05-13): [Redact] Buyer Comment (2025-05-13): Attached is [Redact] reports for both properties...[Redact] was purchased [Redact] for [Redact];[Redact] was purchased [Redact] for [Redact] |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223507697 | [Redact] | [Redact] | 33584337 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Require Title Commitment or Title Final with coverage amount. | Reviewer Comment (2025-05-15): Final Title provided Buyer Comment (2025-05-14): Uploaded title prelim reflecting coverage amount |
05/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223507697 | [Redact] | [Redact] | 33584338 | 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. | Subject is tenant occupied and lease agreement in file is expired. | Reviewer Comment (2025-05-15): Extension of lease provided Buyer Comment (2025-05-14): Signed extension of lease to [Redact] was included in original loan file, please see page 167. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223507702 | [Redact] | [Redact] | 33584347 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The landlord of the lease is, [Redact], which is not a borrower or guarantor. | Reviewer Comment (2025-05-20): provided Buyer Comment (2025-05-15): Per the lease agreement in file, our borrower [Redact] is the property manager & [Redact] is the landlord as well as CFO of the borrowers LLC. Please clear |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223507707 | [Redact] | [Redact] | 33584354 | 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. | Property is tenant occupied per appraisal report. Provide executed lease agreement which was in effect at the time of closing. | Reviewer Comment (2025-05-27): Leases provided Buyer Comment (2025-05-22): lease agreements attached thank you |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 223507707 | [Redact] | [Redact] | 33584356 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per leases, the landlord is, [Redact]. There is no documentation in file to confirm the entity or guarantor owns this company. | Reviewer Comment (2025-06-02): Articles of Formation showing guarantor owns [Redact] provided Buyer Comment (2025-05-28): all LLC docs upload in package say [Redact]. I have attached them again thank you . |
06/02/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| 223593140 | [Redact] | [Redact] | 33677835 | Credit | Credit | Credit Eligibility | Credit | Refi Purpose reflects Rate/Term and cash out is greater than the lesser of 2% of the loan amount or [Redact]. | Lender requested an exception which was approved to proceed with cash to borrower exceeding [Redact] on this rate term transaction. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
16.20 reserves vs 9.00 775 score vs 720 |
[Redact],Aggregator [Redact] |
Reviewer Comment (2025-05-14): Investor exception provided. Comp factors: 775 FICO, 16.20 months reserves. |
05/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| 223593140 | [Redact] | [Redact] | 33677836 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved to proceed with rental loss coverage being slightly under 6 months. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
16.20 reserves vs 9.00 775 score vs 720 |
[Redact],Aggregator [Redact] |
Reviewer Comment (2025-05-14): Investor exception provided. Comp factors: 775 FICO, 16.20 months reserves. |
05/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| 223593141 | [Redact] | [Redact] | 33677840 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception at origination to allow origination fee of [Redact] when the guidelines require 1.25% or [Redact]. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
761 score vs 700 71.72 months vs 9 |
[Redact],Aggregator [Redact] |
Reviewer Comment (2025-05-01): Investor exception provided. Buyer Comment (2025-05-01): [Redact] accepts. |
05/01/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | A | A | N/A | No | |||||||||
| 223593141 | [Redact] | [Redact] | 33677841 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception at origination to allow borrowers' exposure of over [Redact] when the guidelines allow [Redact]. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
761 score vs 700 71.72 months vs 9 |
[Redact],Aggregator [Redact] |
Reviewer Comment (2025-05-01): Investor exception provided. |
05/01/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | A | A | N/A | No | |||||||||
| 223593141 | [Redact] | [Redact] | 33677842 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception at origination to allow the subject property having an ADU. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
761 score vs 700 71.72 months vs 9 |
[Redact],Aggregator [Redact] |
Reviewer Comment (2025-05-01): Investor exception provided. |
05/01/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | A | A | N/A | No | |||||||||
| 223593141 | [Redact] | [Redact] | 33677843 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Credit Report is missing guarantor [Redact]. | Reviewer Comment (2025-05-29): Received lender attestation that [Redact] is not guarantor on subject loan. Buyer Comment (2025-05-29): Attestation Reviewer Comment (2025-05-14): If Seller is stating that this was signed in error, please provide lender attestation stating the same, as the document is signed and notarized reflecting [Redact] as a guarantor. Reviewer Comment (2025-05-08): The credit report for [Redact] is required as she signed the guarantee agreement as a guarantor. Buyer Comment (2025-05-08): Per lender : The correct guarantee is provided above, she did not PG the loan, her credit was not needed |
05/29/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | A | A | N/A | No | ||||||||||||
| 223593141 | [Redact] | [Redact] | 33677845 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Seasoning Cost Basis - Document acquisition cost of subject. Subject obtained ([Redact]) which is less than 90 days from closing date ([Redact]). LTV to be based off of the lower of purchase price or appraised value. | Reviewer Comment (2025-04-22): Purchase price was provided. Exception is cleared; however, LTV exception added due to using the purchase price as the value of the property. Buyer Comment (2025-04-21): HUD |
04/22/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | A | A | N/A | No | |||||||||||||||||
| 223593142 | [Redact] | [Redact] | 33677849 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception to allow a section 8 rental with a 10% LTV reduction. Lease agreement provided. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. 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. |
Guidelines Representative FICO: 700 Representative FICO: 804 |
[Redact] [Redact] Originator Pre-Close,[Redact] |
Reviewer Comment (2025-04-08): Investor exception provided. Buyer Comment (2025-04-08): [Redact] has approved the exception |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| 223593142 | [Redact] | [Redact] | 33677850 | 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 dated; therefore, cannot determine if the certificate was within 365 days of the note date. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. 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. |
Guidelines Representative FICO: 700 Representative FICO: 804 |
[Redact] [Redact] Originator Pre-Close,[Redact] |
Reviewer Comment (2025-04-30): Investor accepts and agrees to waive with compensating factors, LTV, Reserves, Fico score. Buyer Comment (2025-04-30): Ok with [Redact]: Certificate of Good Standing was provided but not dated with follow-up COGS dated post closing -with post closing doc and comp factors listed MS accepts. Reviewer Comment (2025-04-26): COGS uploaded is dated [Redact]. Need COGS dated at or prior to closing. Buyer Comment (2025-04-25): Disregard upload COGS is post closing Buyer Comment (2025-04-25): COGS timestamped Reviewer Comment (2025-04-06): COGS provided is dated [Redact], which is after consummation date of [Redact]. A COGS obtained at or before closing is required. Buyer Comment (2025-04-01): per lender: See screenshot, it looks like the website does not add the date when printed to PDF |
04/30/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| 223593142 | [Redact] | [Redact] | 33677851 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Reviewer Comment (2025-04-06): Received Buyer Comment (2025-04-01): see entity background check |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||||||
| 223593142 | [Redact] | [Redact] | 33677852 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to proceed with COGS dated post-closing; COGS dated [Redact]; Note dated [Redact]. Compensating factors: 99.68 months reserves and 804 FICO. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. 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. |
Guidelines Representative FICO: 700 Representative FICO: 804 |
[Redact] [Redact] Originator Pre-Close,[Redact] |
Reviewer Comment (2025-04-30): Investor accepts and agrees to waive with compensating factors, LTV, Reserves, Fico score. |
04/30/2025 | 2 | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||||
| 223593143 | [Redact] | [Redact] | 33677855 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception at origination to allow borrower's exposure greater than [Redact]. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Guidelines Representative FICO: 720 Representative FICO: 787 |
Originator Pre-Close,[Redact] | Reviewer Comment (2025-04-09): Investor exception provided. |
04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||
| 223593143 | [Redact] | [Redact] | 33677856 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing | FDPA Notification Rule: Creditor did not retain record of borrower's receipt of Notice of Special Flood Hazard Disclosure. | Buyer Comment (2025-04-24): Lender acknowledged non material EV2 |
04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | ||||||||||||
| 223593149 | [Redact] | [Redact] | 33677878 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to proceed with the borrower's exposure over [Redact]. Comp factors: 106.82 months reserves, 740 FICO, and 1.44 DSCR. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
reserves 106.82 vs 9 740 vs 700 score |
[Redact],Aggregator [Redact] |
Reviewer Comment (2025-05-01): Investor exception provided. Buyer Comment (2025-05-01): [Redact] accepts with comp factors. |
05/01/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| 223593149 | [Redact] | [Redact] | 33677880 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Borrower does not own 100% of business entity, guidelines require access letter. | Reviewer Comment (2025-05-29): Received evidence of access to the funds in account [Redact]. Set usability of account [Redact] to 0% as access letter not provided and funds not needed for subject transaction. Buyer Comment (2025-05-23): [Redact] Resolution Per Lender: see doc for [Redact], should be 100% our borrower Reviewer Comment (2025-05-12): There are 2 business accounts, #[Redact] ([Redact]) and #[Redact] ([Redact]) that are businesses that are not the borrowing business entity ([Redact]). Without these 2 accounts, the borrower does not have sufficient assets. Buyer Comment (2025-05-08): Per lender : This is one of our top clients, we do not ask for access letters on these deals as they are married. There are multiple statements in the file owned just by [Redact] that contain enough assets Reviewer Comment (2025-04-22): The guidelines do not address business funds that are owned by married couples. The guidelines, under the regular asset documentation section, states access letters are not required if all account holders have the same last name and does not mention married couples. Per the operating agreement, the owners of the business do not have the same last name. An access letter to the business funds is still required. Buyer Comment (2025-04-18): Per Lender: Borrowers are husband and wife, access letter not needed |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||
| 223593149 | [Redact] | [Redact] | 33677881 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Borrower does not own 100% of business entity, guidelines require access letter. | Reviewer Comment (2025-05-29): Received evidence of access to the funds in account [Redact]. Set usability of account [Redact] to 0% as access letter not provided and funds not needed for subject transaction. Reviewer Comment (2025-05-12): There are 2 business accounts, #[Redact] ([Redact]) and #[Redact] ([Redact]) that are businesses that are not the borrowing business entity ([Redact]). Without these 2 accounts, the borrower does not have sufficient assets. Buyer Comment (2025-05-08): Per lender : This is one of our top clients, we do not ask for access letters on these deals as they are married. There are multiple statements in the file owned just by Thomas that contain enough assets Reviewer Comment (2025-04-22): The guidelines do not address business funds that are owned by married couples. The guidelines, under the regular asset documentation section, states access letters are not required if all account holders have the same last name and does not mention married couples. Per the operating agreement, the owners of the business do not have the same last name. An access letter to the business funds is still required. Buyer Comment (2025-04-18): Borrowers are husband and wife, access letter not needed |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||
| 223593150 | [Redact] | [Redact] | 33677883 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Hazard Insurance Policy Effective Date ___, Disbursement Date: ___ | Homeowners insurance policy has an effective date of [Redact] and started after the loan closed on [Redact]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. 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. |
[Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2025-05-28): Investor approved exception. Buyer Comment (2025-05-28): [Redact] accepts with comp factors, LTV, 55.5% and 190.23 month reserves. |
05/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | D | B | D | B | A | A | A | A | N/A | No | |||||||||
| 223593150 | [Redact] | [Redact] | 33677884 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | The mortgages on the credit report have a DLA of [Redact], which is more than 90 days prior to the note date of [Redact] as the 90 days would be [Redact]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. 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. |
[Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2025-05-12): Investor exception provided. Comp factors: LTV 55.51%, 190.23 months reserves, 759 FICO, and 1.35 DSCR. Reviewer Comment (2025-04-22): Per guidelines, underwriting discretion may be applied in the event mortgage DLA is greater than 90 but less than 120 days. The file does not contain documentation to support the underwriter's decision to go past the 90 days. Buyer Comment (2025-04-21): per lender We were okay here to proceed up to 120 DLA |
05/12/2025 | 2 | C | B | C | B | C | B | C | B | D | B | [Redact] | Investment | Purchase | D | B | D | B | A | A | A | A | N/A | No | ||||||||||
| 223593151 | [Redact] | [Redact] | 33677887 | 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) ___. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.91 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | [Redact] | Reviewer Comment (2025-05-14): Investor exception provided. Comp factor: 83.90 months reserves. |
05/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| 223593152 | [Redact] | [Redact] | 33677891 | 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 guidelines reflect properties that have a lease that is not at least 90 days prior to the loan application is considered unleased, which requires a 5% LTV reduction. The allowed LTV is 80%; therefore, with the reduction applied, the actual allowable LTV is 75%. The loan was approved at 80%. | The representative FICO score exceeds the guideline minimum by at least 40 points. | [Redact] | Reviewer Comment (2025-06-02): Investor exception provided. Compensating factors are DSCR 1.23 and 750 FICO. Reviewer Comment (2025-05-15): The guidelines do not indicate that the 90 day requirement is not applicable if the property is leased prior to appraisal date. If Lender is considering property leased, an exception would need to be requested. Buyer Comment (2025-05-15): Per Lender : We considered this property to be leased due to the lease starting before the appraisal date, a tenant occupied appraisal, and a PM agreement in place. The section in the guides they may be referring to is an example of when we can go outside of our normal process for actual rent VS market rent in those exception cases is when 90 days would apply. In this loan, The lease was active before the appraisal, and we are considering it leased. Per the FICO the borrower qualifies for 80% LTV as long as it's leased, and we have confirmed that. This one seems to be a misunderstanding of the guide. Reviewer Comment (2025-04-22): The guidelines only allow up to 75% LTV. If lender is okay with the an LTV exception of 80%, a lender exception form is required. Buyer Comment (2025-04-18): Per Lender: We were okay to proceed due to the lease starting before the appraisal date, the appraisal is marked tenant occupied and we have a property management agreement in place. Due to all of the above, we were okay at 80% |
06/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | B | A | A | N/A | No | |||||||||
| 223593152 | [Redact] | [Redact] | 33677892 | Compliance | Compliance | State Compliance | State Defect | [Redact] SB270 Prepayment Penalty Test 2009 Investment Test | [Redact] SB270: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Buyer Comment (2025-04-16): Acknowledged as non-material. |
04/16/2025 | 2 | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | B | A | A | N/A | No | |||||||||||||||||
| 223593153 | [Redact] | [Redact] | 33677895 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The entity must reflect the purpose and activities are limited to ownership and management of real property. The Operating Agreement does not reflect this, it states it can engage is any business of any kind. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
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Reviewer Comment (2025-06-02): Investor exception provided. Compensating factors are 795 FICO and 85.60 months reserves. Reviewer Comment (2025-05-15): The guidelines contain specific requirements of the entity purpose language and the operating agreement provided does not reflect this purpose. If lender is accepting the language on the operating agreement, an exception can be requested; however, we would be unable to clear based on current guideline verbiage. Buyer Comment (2025-05-15): Per Lender : For the entity's purpose- on our loans/borrowing entities, the LLC name should be real estate related, the interpretation there is to prevent LLC's with completely different purposes from obtaining a loan, for example "[Redact]" that has a specific business purpose of clothing would not be eligible for financing. However, there is a standard clause that most businesses adopt that does not tie them to a specific purpose. In those cases, the language usually reads something along the lines of the company can engage in any business permitted by that state's law. [Redact]will accept those business purposes on the entity docs Reviewer Comment (2025-05-09): The guidelines are specific in the business purpose must be for management of real estate. A lender exception would be needed. Buyer Comment (2025-05-08): Per lender : As long as the purpose is any legal business we are okay here Reviewer Comment (2025-04-22): Per the guidelines, section Entity Requirements, the "purpose and activities are limited to ownership and management of real property". The operating agreement does not reflect the purpose is for real property. Buyer Comment (2025-04-18): Per Lender: As long as the business is allowed to engage in any business purpose this is acceptable; this should not be an issue. |
06/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No |