Vista Point Assets LLC ABS-15G
Exhibit 99.2 - Schedule 3
| Loan ID | Redaction ID | Investor Loan ID | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Current/Final Loan Grade | Compliance Initial Loan Grade | Compliance Current/Final Loan Grade | Property Initial Loan Grade | Property Current/Final Loan Grade | Queue | Finding Code | Date Created | Date Modified | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Finding Comments | Seller Comments | Resolution Comments | Reviewer Comp Factor | Originator Comp Factors | Finding Documents | Originator QM Status | Final Reviewed QM Status | Loan Amount | Property State | Occupancy | Loan Purpose | Refinance Purpose | Acknowledged / WaivedBy | Waiver in File? | Unique Finding ID |
| XXXX | 2480295 | XXXX | D | A | C | A | D | A | C | A | Closed | FCRE1510 | 2025-02-06 10:13 | 2025-03-05 10:37 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received corrected, recorded Mortgage. - Due Diligence Vendor-03/05/2025 Ready for Review-Document Uploaded. Uploaded amended Mortgage - Seller-03/04/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. -----Per Note, Maturity Date XXXX ; Per DOT, Maturity Date XXXX. -----DOT Notary has no expiration date listed. - Due Diligence Vendor-02/06/2025 |
Ready for Review-Document Uploaded. Uploaded amended Mortgage - Seller-03/04/2025 |
Resolved-Received corrected, recorded Mortgage. - Due Diligence Vendor-03/05/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO score of 773 is 20+ points above 680 minimum CLTV is less than guidelines maximum - CLTV of 62.45% is less than 75% guideline maximum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3364782 | |
| XXXX | 2480295 | XXXX | D | A | C | A | D | A | C | A | Closed | FVAL1039 | 2025-02-10 10:08 | 2025-02-13 14:00 | Resolved | 1 - Information | C | A | Property | Value | Appraised value unsupported | Resolved-Upon further review, the loan was closed using the lower value of the field review that was performed prior to closing therefore, value is not an issue. - Due Diligence Vendor-02/13/2025 Ready for Review-Document Uploaded. The XXXX SSR showed XXXX risk score so a CDA was ordered, the CDA showed over XXXX which then required the Field Review. We used the lower value from the Field Review per guideline, XXXX. Uploaded CDA to show the paper trail and CDA does support the field review value. - Seller-02/12/2025 Open-Secondary valuation provided has a variance of greater than -10% compared to the original appraised value. Field review does not support subject value. - Due Diligence Vendor-02/10/2025 |
Ready for Review-Document Uploaded. The XXXX SSR showed 2.9 risk score so a CDA was ordered, the CDA showed over 10% which then required the Field Review. We used the lower value from the Field Review per guideline, XXXX. Uploaded CDA to show the paper trail and CDA does support the field review value. - Seller-02/12/2025 |
Resolved-Upon further review, the loan was closed using the lower value of the field review that was performed prior to closing therefore, value is not an issue. - Due Diligence Vendor-02/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO score of 773 is 20+ points above 680 minimum CLTV is less than guidelines maximum - CLTV of 62.45% is less than 75% guideline maximum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3385319 | |
| XXXX | 2480295 | XXXX | D | A | C | A | D | A | C | A | Closed | FVAL1563 | 2025-02-10 09:56 | 2025-02-13 13:50 | Resolved | 1 - Information | C | A | Property | Appraisal | Unsupported adjustments or comps | Resolved-Upon further review the appraised value from the primary appraisal was not used. - Due Diligence Vendor-02/13/2025 Ready for Review-We used the value from the Field Review XXXX so an explanation regarding comps 3-8 on the appraisal would not be required or necessary - Seller-02/12/2025 Open-Gross adjustments on comps 3-8 exceed 30% without sufficient explanation justifying the usage of these comps. - Due Diligence Vendor-02/10/2025 |
Ready for Review-We used the value from the Field Review XXXX so an explanation regarding comps 3-8 on the appraisal would not be required or necessary - Seller-02/12/2025 |
Resolved-Upon further review the appraised value from the primary appraisal was not used. - Due Diligence Vendor-02/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO score of 773 is 20+ points above 680 minimum CLTV is less than guidelines maximum - CLTV of 62.45% is less than 75% guideline maximum |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3385181 | ||
| XXXX | 2480295 | XXXX | D | A | C | A | D | A | C | A | Closed | finding-3635 | 2025-02-06 10:54 | 2025-02-13 11:18 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Rec'd PCCD issued XXXX with XXXX lender credit for increase in closing cost above legal limit. Finding Resolved. - Due Diligence Vendor-02/13/2025 Ready for Review-Document Uploaded. Uploaded PCCD, XXXX title fee was inadvertently disclosed in section B should have been section C. - Seller-02/12/2025 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% (XXXX) exceed the comparable charges (XXXX) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). ----- Ten (10%) tolerance fees (Title Services & Lender's Title) increased by XXXX without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXX. Additional findings may apply upon receipt. - Due Diligence Vendor-02/06/2025 |
Ready for Review-Document Uploaded. Uploaded PCCD, XXXX title fee was inadvertently disclosed in section B should have been section C. - Seller-02/12/2025 |
Resolved-Rec'd PCCD issued XXXX with XXXX lender credit for increase in closing cost above legal limit. Finding Resolved. - Due Diligence Vendor-02/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO score of 773 is 20+ points above 680 minimum CLTV is less than guidelines maximum - CLTV of 62.45% is less than 75% guideline maximum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3365423 | |
| XXXX | 2480295 | XXXX | D | A | C | A | D | A | C | A | Closed | finding-3634 | 2025-02-06 10:54 | 2025-02-13 11:15 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Rec'd PCCD issued XXXX. Finding Resolved. - Due Diligence Vendor-02/13/2025 Ready for Review-Document Uploaded. Uploaded PCCD, XXXX Misc. Debt Payoff for Tax Lien was inadvertently disclosed in section B should have been section H. - Seller-02/12/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Zero (0%) tolerance fees increased by XXXX (Misc. Debt Payoff - Tax Lien Fee) without a valid COC in file. Lender credit of XXXX is not sufficient to cure. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXX. Additional findings may apply upon receipt. - Due Diligence Vendor-02/06/2025 |
Ready for Review-Document Uploaded. Uploaded PCCD, XXXX Misc. Debt Payoff for Tax Lien was inadvertently disclosed in section B should have been section H. - Seller-02/12/2025 |
Resolved-Rec'd PCCD issued XXXX. Finding Resolved. - Due Diligence Vendor-02/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO score of 773 is 20+ points above 680 minimum CLTV is less than guidelines maximum - CLTV of 62.45% is less than 75% guideline maximum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3365420 | |
| XXXX | 2480295 | XXXX | D | A | C | A | D | A | C | A | Closed | finding-3542 | 2025-02-06 13:54 | 2025-02-12 11:07 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (Waiting Period Required) Test | Resolved-Rec'd borrower's acknowledgment of disclosure. Finding Resolved. - Due Diligence Vendor-02/12/2025 Ready for Review-Document Uploaded. Uploaded Proof of Delivery to borrower for revised CD dated XXXX - Seller-02/11/2025 Open-This loan failed the revised closing disclosure delivery date test (waiting period required).( 12 CFR §1026.19(f)(2)(ii) )The revised closing disclosure delivery requires a new waiting period andThe revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation requiring a new waiting period. If one of the following disclosures provided under §1026.19(f)(1)(i) becomes inaccurate in the following manner before consummation, the creditor shall ensure that the consumer receives corrected disclosures containing all changed terms in accordance with the requirements of §1026.19(f)(1)(ii)(A):(A) The annual percentage rate disclosed under §1026.38(o)(4) becomes inaccurate, as defined in §1026.22.(B) The loan product is changed, causing the information disclosed under §1026.38(a)(5)(iii) to become inaccurate.(C) A prepayment penalty is added, causing the statement regarding a prepayment penalty required under §1026.38(b) to become inaccurate.The creditor shall ensure that the consumer receives the disclosures required under §1026.19(f)(1)(i) no later than three business days before consummation. ----- Missing evidence borrower received CD issued XXXX, please provide. Additional findings may apply upon receipt. - Due Diligence Vendor-02/06/2025 |
Ready for Review-Document Uploaded. Uploaded Proof of Delivery to borrower for revised CD dated XXXX - Seller-02/11/2025 |
Resolved-Rec'd borrower's acknowledgment of disclosure. Finding Resolved. - Due Diligence Vendor-02/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO score of 773 is 20+ points above 680 minimum CLTV is less than guidelines maximum - CLTV of 62.45% is less than 75% guideline maximum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3368191 | |
| XXXX | 2480295 | XXXX | D | A | C | A | D | A | C | A | Closed | FCOM2630 | 2025-02-10 10:46 | 2025-02-12 11:05 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Missing Attorney Preference Letter | Resolved-Rec'd Attorney/Insurance preference form State of XXXX. Finding Resolved. - Due Diligence Vendor-02/12/2025 Ready for Review-Document Uploaded. - Seller-02/11/2025 Open-Right To Choose Attorney or Attorney Preference Not In File - Due Diligence Vendor-02/10/2025 |
Ready for Review-Document Uploaded. - Seller-02/11/2025 |
Resolved-Rec'd Attorney/Insurance preference form XXXX. Finding Resolved. - Due Diligence Vendor-02/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO score of 773 is 20+ points above 680 minimum CLTV is less than guidelines maximum - CLTV of 62.45% is less than 75% guideline maximum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3385806 | |
| XXXX | 2480295 | XXXX | D | A | C | A | D | A | C | A | Closed | FCRE1440 | 2025-02-11 09:26 | 2025-02-11 09:42 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Upon further review of LOE, late amount is escrow shortage. - Due Diligence Vendor-02/11/2025 Open-Housing History Does Not Meet Guideline Requirements XXXX mtg statement for 1st lien shows past due payment; statement dated XXXX shows partial payment made but account is still past due. Loan closed XXXX. Missing proof that subject was not 1x30, guides require 0x30. Credit supplement or VOM would be needed. - Due Diligence Vendor-02/11/2025 |
Resolved-Upon further review of LOE, late amount is escrow shortage. - Due Diligence Vendor-02/11/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO score of 773 is 20+ points above 680 minimum CLTV is less than guidelines maximum - CLTV of 62.45% is less than 75% guideline maximum |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3395349 | |||
| XXXX | 2426698 | XXXX | C | B | C | B | C | B | A | A | Closed | finding-3634 | 2025-03-14 07:33 | 2025-06-09 10:24 | Resolved | 2 - Non-Material | C | B | Compliance | TRID | Charges That Cannot Increase Test | Resolved-XXXX lender credit on post close CD, resolves. - Due Diligence Vendor-06/09/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). XXXX lender credit on post close CD resolves. - Due Diligence Vendor-03/14/2025 |
Resolved-XXXX lender credit on post close CD, resolves. - Due Diligence Vendor-06/09/2025 |
Long term residence - Borrower has resided in subject primary since 2018, with 0X30 mortgage lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV is 63.85% |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3611123 | |||
| XXXX | 2426698 | XXXX | C | B | C | B | C | B | A | A | Closed | finding-651 | 2025-02-10 13:13 | 2025-03-14 09:26 | Cured | 2 - Non-Material | C | B | Compliance | Points & Fees | TILA Finance Charge Test | Cured-Received PCCD XXXX, LOE to borrower, refund check for XXXX, evidence of rescission period reopening and proof of delivery. - Due Diligence Vendor-03/14/2025 Ready for Review-reuploaded to another condition - Seller-03/12/2025 Counter-Received PCCD XXXX, LOE to borrower, refund check for XXXX and proof of delivery. However, the amount of refund was XXXX and a new rescission period o three days was not provided to borrower. - Due Diligence Vendor-02/25/2025 Ready for Review-uploaded to another condition - Seller-02/24/2025 Open-This loan failed the TILA finance charge test.( 12 CFR §1026.38(o)(2) )The finance charge is XXXX. The disclosed finance charge of XXXX is not considered accurate because it is understated by more than $100 at XXXX.---- Provide evidence of refund or principal reduction of XXXX, or at a minimum to the $100 threshold, corrected PCCD, Letter of explanation and proof of delivery to borrower within 60 days of discovery. Statute also requires rescission to be re-opened, therefore ROR is required to be provided. Statue of Limitations - 1 year, expiration date XXXX. - Due Diligence Vendor-02/10/2025 |
Ready for Review-reuploaded to another condition - Seller-03/12/2025 Ready for Review-uploaded to another condition - Seller-02/24/2025 |
Cured-Received PCCD XXXX, LOE to borrower, refund check for XXXX, evidence of rescission period reopening and proof of delivery. - Due Diligence Vendor-03/14/2025 |
Long term residence - Borrower has resided in subject primary since 2018, with 0X30 mortgage lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV is 63.85% |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3387820 | ||
| XXXX | 2426698 | XXXX | C | B | C | B | C | B | A | A | Closed | finding-3734 | 2025-02-10 12:54 | 2025-03-14 07:38 | Cured | 2 - Non-Material | C | B | Compliance | TRID | TRID Foreclosure Rescission Total of Payments Test | Cured-Received PCCD XXXX, LOE to borrower, refund check for XXXX, evidence of rescission period reopening and proof of delivery. - Due Diligence Vendor-03/14/2025 Ready for Review-reuploaded to another condition - Seller-03/12/2025 Counter-Received PCCD XXXX, LOE to borrower, refund check for XXXX and proof of delivery. However, the amount of refund was XXXX and a new rescission period o three days was not provided to borrower. - Due Diligence Vendor-02/25/2025 Ready for Review-uploaded to another condition - Seller-02/24/2025 Open-This loan failed the TRID foreclosure rescission total of payments test. ( 12 CFR §1026.23(h)(2)(ii) )The total of payments is XXXX. The disclosed total of payments charge of XXXX is not considered accurate for purposes of rescission because it is understated by more than $35. - Due Diligence Vendor-02/10/2025 |
Ready for Review-reuploaded to another condition - Seller-03/12/2025 Ready for Review-uploaded to another condition - Seller-02/24/2025 |
Cured-Received PCCD XXXX, LOE to borrower, refund check for XXXX, evidence of rescission period reopening and proof of delivery. - Due Diligence Vendor-03/14/2025 |
Long term residence - Borrower has resided in subject primary since 2018, with 0X30 mortgage lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV is 63.85% |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3387583 | ||
| XXXX | 2426698 | XXXX | C | B | C | B | C | B | A | A | Closed | finding-2504 | 2025-02-10 13:13 | 2025-03-14 07:33 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | TILA Foreclosure Rescission Finance Charge Test | Resolved-Received PCCD XXXX, LOE to borrower, refund check for XXXX, evidence of rescission period reopening and proof of delivery. - Due Diligence Vendor-03/14/2025 Ready for Review-re uploaded to another condition - Seller-03/12/2025 Counter-Received PCCD XXXX, LOE to borrower, refund check for XXXX and proof of delivery. However, the amount of refund was XXXX and a new rescission period o three days was not provided to borrower. - Due Diligence Vendor-02/25/2025 Ready for Review-uploaded to another condition - Seller-02/24/2025 Open-This loan failed the TILA foreclosure rescission finance charge test. ( 12 CFR §1026.23(h) , transferred from 12 CFR §226.23(h) )The finance charge is XXXX. The disclosed finance charge of XXXX is not considered accurate for purposes of rescission because it is understated by more than XXXX at XXXX. Provide evidence of refund or principal reduction for XXXX or, at a minimum, to the XXXX threshold, post-close CD, LOE and evidence of delivery to the borrower within 60 days of discovery. Statute also requires that rescission be re-opened. Provide evidence of same. - Due Diligence Vendor-02/10/2025 |
Ready for Review-re uploaded to another condition - Seller-03/12/2025 Ready for Review-uploaded to another condition - Seller-02/24/2025 |
Resolved-Received PCCD XXXX, LOE to borrower, refund check for XXXX, evidence of rescission period reopening and proof of delivery. - Due Diligence Vendor-03/14/2025 |
Long term residence - Borrower has resided in subject primary since 2018, with 0X30 mortgage lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV is 63.85% |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3387821 | ||
| XXXX | 2426698 | XXXX | C | B | C | B | C | B | A | A | Closed | finding-3732 | 2025-02-10 12:54 | 2025-03-14 07:33 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID Total of Payments Test | Resolved-Received PCCD XXXX, LOE to borrower, refund check for XXXX, evidence of rescission period reopening and proof of delivery. - Due Diligence Vendor-03/14/2025 Ready for Review-Document Uploaded. see revised attachments. NORTC, checks, PCCD, Letter, XXXX label - Seller-03/12/2025 Counter-Received PCCD XXXX, LOE to borrower, refund check for XXXX and proof of delivery. However, the amount of refund was XXXX and a new rescission period o three days was not provided to borrower. - Due Diligence Vendor-02/25/2025 Ready for Review-Document Uploaded. See attached updated FSS, PCCD, Check, Coverletter, fed ex label, etc. - Seller-02/24/2025 Open-This loan failed the TRID total of payments test. ( 12 CFR §1026.18(o)(1) )The total of payments is XXXX. The disclosed total of payments of XXXX is not considered accurate because it is understated by more than XXXX and the provided reimbursement amount of $0.00 is not sufficient to cure the inaccuracy. -----Provide evidence of refund or principal reduction for XXXX or, at a minimum, to the $35 threshold, post-close CD, LOE and evidence of delivery to the borrower within 60 days of discovery. - Due Diligence Vendor-02/10/2025 |
Ready for Review-Document Uploaded. see revised attachments. NORTC, checks, PCCD, Letter, XXXX label - Seller-03/12/2025 Ready for Review-Document Uploaded. See attached updated FSS, PCCD, Check, Coverletter, XXXX label, etc. - Seller-02/24/2025 |
Resolved-Received PCCD XXXX, LOE to borrower, refund check for XXXX, evidence of rescission period reopening and proof of delivery. - Due Diligence Vendor-03/14/2025 |
Long term residence - Borrower has resided in subject primary since 2018, with 0X30 mortgage lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV is 63.85% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3387582 | |
| XXXX | 2426698 | XXXX | C | B | C | B | C | B | A | A | Closed | FCRE1199 | 2025-02-11 08:19 | 2025-02-12 17:44 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is greater than Guideline Maximum Loan Amount | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/12/2025 Open-Audited Loan Amount is greater than the Guideline Maximum Loan Amount of XXXX Lender Exception Granted: Loan amount of XXXX exceeds guideline max of XXXX - Due Diligence Vendor-02/11/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/12/2025 |
Long term residence - Borrower has resided in subject primary since 2018, with 0X30 mortgage lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV is 63.85% |
1. Lender max CLTV of 90%, subject CLTV of 63.85% 2. History dating back to 2019, no lates reported |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3394652 | ||
| XXXX | 2385266 | XXXX | C | B | C | A | B | B | A | A | Closed | FCOM5135 | 2025-02-10 14:46 | 2025-06-09 10:30 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Originator waiver applied to non material finding. - Due Diligence Vendor-06/09/2025 Open-Required Affiliated Business Disclosure Missing - Due Diligence Vendor-06/09/2025 |
Waived-Originator waiver applied to non material finding. - Due Diligence Vendor-06/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 687 FICO; 660 required On time mortgage history exceeds guideline requirement - 0x30x37 housing history exceeds 0x30x12 guideline requirement Months Reserves exceed minimum required - 18.91 mos rsrvs; 0 required CLTV is less than guidelines maximum - 56.96% CLTV is less than 65% guideline maximum |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 3389540 | |||
| XXXX | 2385266 | XXXX | C | B | C | A | B | B | A | A | Closed | FCRE0044 | 2025-02-11 16:55 | 2025-02-19 13:41 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-Received LOE. - Due Diligence Vendor-02/19/2025 Ready for Review-Document Uploaded. Subbd LOX for credit inquiries. - Seller-02/18/2025 Open-LOX for credit inquiries is missing. - Due Diligence Vendor-02/11/2025 |
Ready for Review-Document Uploaded. Subbd LOX for credit inquiries. - Seller-02/18/2025 |
Resolved-Received LOE. - Due Diligence Vendor-02/19/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 687 FICO; 660 required On time mortgage history exceeds guideline requirement - 0x30x37 housing history exceeds 0x30x12 guideline requirement Months Reserves exceed minimum required - 18.91 mos rsrvs; 0 required CLTV is less than guidelines maximum - 56.96% CLTV is less than 65% guideline maximum |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3402115 | |
| XXXX | 2026906 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3367 | 2025-02-14 08:27 | 2025-02-21 11:47 | Resolved | 1 - Information | C | A | Compliance | Disclosure | RESPA Homeownership Counseling Organizations Disclosure Date Test | Resolved-Upon further review, finding resolved. - Due Diligence Vendor-02/20/2025 Ready for Review-Document Uploaded. Hi :) our Application date is XXXX, this is correct as is thank you :) - Seller-02/19/2025 Open-This loan failed the homeownership counseling organizations disclosure date test due to the following findings: ( 12 CFR §1024.20(a) )The loan has a homeownership counseling organizations disclosure date that is not within three business days of the loan originator's application date (or the date creditor received application if loan originator's application date is not provided); orThe homeownership counseling organizations disclosure date is after the closing date.Not later than three business days after a lender, mortgage broker, or dealer receives an application, or information sufficient to complete an application, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. The list of homeownership counseling organizations distributed to each loan applicant under this section shall be obtained no earlier than 30 days prior to the time when the list is provided to the loan applicant from either:(1)The website maintained by the Bureau for lenders to use in complying with the requirements of this section; or(2)Data made available by the Bureau or HUD for lenders to use in complying with the requirements of this section, provided that the data is used in accordance with instructions provided with the data.This calculation take into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1024.2(b) and as it relates to §1024.20 (list of homeownership counseling organizations provided not later than 3 business days after a loan originator receives an application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:As not being open on XXXX PLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, XXXX calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict.Please note: This test does not validate the content of any list of homeownership counseling organizations. -----The homeownership counseling disclosure provided is dated more than 3 business days (XXXX) after the initial loan application (XXXX). Please provide evidence the homeownership counseling disclosure was provided within 3 business days of the initial loan application. - Due Diligence Vendor-02/14/2025 |
Ready for Review-Document Uploaded. Hi :) our Application date is XXXX, this is correct as is thank you :) - Seller-02/19/2025 |
Resolved-Upon further review, finding resolved. - Due Diligence Vendor-02/20/2025 |
CLTV is less than guidelines maximum - 72.42% < 85% max On time mortgage history exceeds guideline requirement - Borrower's current mortgage history is 0x30x26 months; guides require 0x30x12 months. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3423902 | |
| XXXX | 2026906 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3634 | 2025-02-14 08:27 | 2025-02-21 11:47 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Upon further review, no further documentation is needed or required. Application date was corrected. - Due Diligence Vendor-02/21/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX. Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by XXXX without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-02/14/2025 |
Resolved-Upon further review, no further documentation is needed or required. Application date was corrected. - Due Diligence Vendor-02/21/2025 |
CLTV is less than guidelines maximum - 72.42% < 85% max On time mortgage history exceeds guideline requirement - Borrower's current mortgage history is 0x30x26 months; guides require 0x30x12 months. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3423906 | |||
| XXXX | 2026906 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3515 | 2025-02-14 08:27 | 2025-02-21 11:47 | Resolved | 1 - Information | C | A | Compliance | TRID | Initial Loan Estimate Delivery Date Test (from application) | Resolved-Upon further review, finding resolved. - Due Diligence Vendor-02/20/2025 Ready for Review-Hi :) our Application date is XXXX, this is correct as is thank you :) - Seller-02/19/2025 Open-This loan failed the initial loan estimate delivery date test (from application) due to one of the following: ( 12 CFR §1026.19(e)(1)(iii)(A) )The initial loan estimate delivery date is later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor or broker receives the consumer's written application.Therefore, if additional disclosures are entered into ComplianceAnalyzer, any values that would change under a valid changed circumstance if the initial loan estimate had been delivered timely, will not reset the baseline for tolerance purposes. The comparable fees for this loan will be XXXX, regardless of the actual values on the disclosure.This calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1026.2(a)(6) and as it relates to §1026.19(e)(1)(iii)(A) (initial loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:As not being open on XXXX PLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict.The creditor shall deliver or place in the mail the disclosures required under §1026.19(e)(1)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's application. -----Missing initial LE dated within 3 days of Application date. Additional Findings may apply upon receipt. Statue of Limitations - 1 year, expiration date XXXX. - Due Diligence Vendor-02/14/2025 |
Ready for Review-Hi :) our Application date is XXXX, this is correct as is thank you :) - Seller-02/19/2025 |
Resolved-Upon further review, finding resolved. - Due Diligence Vendor-02/20/2025 |
CLTV is less than guidelines maximum - 72.42% < 85% max On time mortgage history exceeds guideline requirement - Borrower's current mortgage history is 0x30x26 months; guides require 0x30x12 months. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3423908 | ||
| XXXX | 2026906 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3635 | 2025-02-14 08:27 | 2025-02-21 11:47 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Upon further review, no further documentation is needed or required. Application date was corrected. - Due Diligence Vendor-02/21/2025 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% XXXX exceed the comparable charges XXXX by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Ten (10%) tolerance fees increased by XXXX without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-02/14/2025 |
Resolved-Upon further review, no further documentation is needed or required. Application date was corrected. - Due Diligence Vendor-02/21/2025 |
CLTV is less than guidelines maximum - 72.42% < 85% max On time mortgage history exceeds guideline requirement - Borrower's current mortgage history is 0x30x26 months; guides require 0x30x12 months. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3423909 | |||
| XXXX | 2026906 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3838 | 2025-02-14 08:27 | 2025-02-21 11:47 | Resolved | 1 - Information | C | A | Compliance | ComplianceEase | Written List of Service Providers Disclosure Date Test | Resolved-Upon further review, finding resolved. - Due Diligence Vendor-02/20/2025 Ready for Review-Hi :) our Application date is XXXX, this is correct as is thank you :) - Seller-02/19/2025 Open-This loan failed the written list of service providers disclosure date test for one or more of the following reasons: ( 12 CFR §1026.19(e)(1)(vi) )The written list of service providers disclosure date is either:Less than the seventh business day (counting all calendar days except Sunday and specified legal public holidays) before consummation of the transaction; orLater than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions)This calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1026.19(e)(1)(e)(1)(iii) §1026.2(a)(6) and as it relates to §1026.19(a)(1)(vi) (which references the timing requirements for the loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:NoneAs not being open on PLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, XXXX calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict.If the consumer is permitted to shop for a settlement service, the creditor shall provide the consumer with a written list identifying available providers of that settlement service and stating that the consumer may choose a different provider for that service. The creditor must identify at least one available provider for each settlement service for which the consumer is permitted to shop. The creditor shall provide this written list of settlement service providers separately from the disclosures required by §1026.19(e)(1)(e)(1)(i) but in accordance with the timing requirements in §1026.19(e)(1)(e)(1)(iii). -----The Service Provider List provided is dated more than 3 business days (XXXX) after the initial loan application (XXXX). Please provide evidence the SPL was provided within 3 business days of the initial loan application. - Due Diligence Vendor-02/14/2025 |
Ready for Review-Hi :) our Application date is XXXX, this is correct as is thank you :) - Seller-02/19/2025 |
Resolved-Upon further review, finding resolved. - Due Diligence Vendor-02/20/2025 |
CLTV is less than guidelines maximum - 72.42% < 85% max On time mortgage history exceeds guideline requirement - Borrower's current mortgage history is 0x30x26 months; guides require 0x30x12 months. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3423910 | ||
| XXXX | 2390460 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE1193 | 2025-02-14 16:45 | 2025-06-09 09:37 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Proof car payment is paid by another individual provided. - Due Diligence Vendor-02/21/2025 Counter-Reviewed DTI - XXXX total income, XXXX Subject PITIA and XXXX in consumer debt = 57.54% DTI. - Due Diligence Vendor-02/20/2025 Ready for Review-Please advise. - Seller-02/19/2025 Open-Audited DTI of 57.54% exceeds Guideline DTI of 50% Audit calculated lower income for B1 and lender did not include B2 XXXX and XXXX installment loans in the DTI. - Due Diligence Vendor-02/14/2025 |
Ready for Review-Please advise. - Seller-02/19/2025 |
Resolved-Proof car payment is paid by another individual provided. - Due Diligence Vendor-02/21/2025 |
CLTV is less than guidelines maximum - 65.48% LTV is below 85% guideline max Verified employment history exceeds guidelines - Borrower 1 has long term employment of over 10 years |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3429267 | ||
| XXXX | 2390460 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE1506 | 2025-02-14 16:41 | 2025-06-09 09:37 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-02/21/2025 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. DTI exceeds guide limits-Audit calculated lower income for B1 and lender did not include B2 ENT CU and XXXX installment loans in the DTI - Due Diligence Vendor-02/19/2025 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-02/21/2025 |
CLTV is less than guidelines maximum - 65.48% LTV is below 85% guideline max Verified employment history exceeds guidelines - Borrower 1 has long term employment of over 10 years |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3429245 | |||
| XXXX | 2390460 | XXXX | C | B | C | B | C | A | A | A | Closed | finding-3542 | 2025-02-14 08:16 | 2025-02-20 09:06 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (Waiting Period Required) Test | Resolved-Received evidence of CD XXXX receipt, finding resolved. - Due Diligence Vendor-02/20/2025 Ready for Review-uploaded to the other condition. - Seller-02/19/2025 Counter-Received Disclosure tracking summary. Please provide the individual disclosure tracking for CD XXXX that shows when the borrower viewed it. - Due Diligence Vendor-02/19/2025 Ready for Review-Uploaded disclosure tracking. - Seller-02/19/2025 Open-This loan failed the revised closing disclosure delivery date test (waiting period required).( 12 CFR §1026.19(f)(2)(ii) )The revised closing disclosure delivery requires a new waiting period andThe revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either:"XXXX" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation requiring a new waiting period. If one of the following disclosures provided under §1026.19(f)(1)(i) becomes inaccurate in the following manner before consummation, the creditor shall ensure that the consumer receives corrected disclosures containing all changed terms in accordance with the requirements of §1026.19(f)(1)(ii)(A):(A) The annual percentage rate disclosed under §1026.38(o)(4) becomes inaccurate, as defined in §1026.22.(B) The loan product is changed, causing the information disclosed under §1026.38(a)(5)(iii) to become inaccurate.(C) A prepayment penalty is added, causing the statement regarding a prepayment penalty required under §1026.38(b) to become inaccurate.The creditor shall ensure that the consumer receives the disclosures required under §1026.19(f)(1)(i) no later than three business days before consummation. -----APR increased by 0.530% on CD dated XXXX. Provide evidence that CD dated XXXX was received by borrower 3 days prior to consummation. - Due Diligence Vendor-02/14/2025 |
Ready for Review-uploaded to the other condition. - Seller-02/19/2025 Ready for Review-Uploaded disclosure tracking. - Seller-02/19/2025 |
Resolved-Received evidence of CD XXXX receipt, finding resolved. - Due Diligence Vendor-02/20/2025 |
CLTV is less than guidelines maximum - 65.48% LTV is below 85% guideline max Verified employment history exceeds guidelines - Borrower 1 has long term employment of over 10 years |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3423805 | ||
| XXXX | 2390460 | XXXX | C | B | C | B | C | A | A | A | Closed | finding-3634 | 2025-02-14 08:16 | 2025-02-20 09:06 | Resolved | 1 - Information | B | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received evidence of CD XXXX receipt, finding resolved. - Due Diligence Vendor-02/20/2025 Ready for Review-Document Uploaded. Please see attcahed. - Seller-02/19/2025 Counter-Received Disclosure tracking summary. Please provide the individual disclosure tracking for CD 1/31/2025 that shows when the borrower viewed it. - Due Diligence Vendor-02/19/2025 Ready for Review-Document Uploaded. Uploaded disclosure tracking history. - Seller-02/19/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by XXXXX (Points - Loan Discount Fee ) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXX.---[COC in file for increase, provide evidence that borrower received CD dated XXXX at least 3 days prior to consummation]--- - Due Diligence Vendor-02/14/2025 |
Ready for Review-Document Uploaded. Please see attcahed. - Seller-02/19/2025 Ready for Review-Document Uploaded. Uploaded disclosure tracking history. - Seller-02/19/2025 |
Resolved-Received evidence of CD XXXX receipt, finding resolved. - Due Diligence Vendor-02/20/2025 |
CLTV is less than guidelines maximum - 65.48% LTV is below 85% guideline max Verified employment history exceeds guidelines - Borrower 1 has long term employment of over 10 years |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3423808 | |
| XXXX | 2390460 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE6763 | 2025-02-19 10:29 | 2025-02-19 10:35 | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Income documentation does not meet guidelines | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/19/2025 Open-B1 using bonus commission with only proof of one year received, has history of receiving in XXXX - Due Diligence Vendor-02/19/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/19/2025 |
CLTV is less than guidelines maximum - 65.48% LTV is below 85% guideline max Verified employment history exceeds guidelines - Borrower 1 has long term employment of over 10 years |
Long term homeowner Long term employment |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3446080 | ||
| XXXX | 2390460 | XXXX | C | B | C | B | C | A | A | A | Closed | FCRE1348 | 2025-02-19 10:32 | 2025-02-19 10:35 | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Borrower 2 Total Years Employment Verified is Less Than 24 Months | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/19/2025 Open-Borrower 2 Total Years Employment Verified is Less Than 24 Months B2 has job gap in XXXX with no income. - Due Diligence Vendor-02/19/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/19/2025 |
CLTV is less than guidelines maximum - 65.48% LTV is below 85% guideline max Verified employment history exceeds guidelines - Borrower 1 has long term employment of over 10 years |
Long term homeowner Long term employment |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3446106 | ||
| XXXX | 2889126 | XXXX | C | A | A | A | C | A | C | A | Closed | FPRO0011 | 2025-02-21 11:48 | 2025-02-27 16:06 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-02/27/2025 Ready for Review-Document Uploaded. see attached - Seller-02/27/2025 Counter-Subject property is located in XXXX County and disaster certification inspection is required. - Due Diligence Vendor-02/26/2025 Ready for Review-Not on our zip code list - Seller-02/25/2025 Open-XXXX, INDIVIDUAL & PUBLIC ASSISTANCE, XXXX, Major Disaster Declaration declared on XXXX, Appraisal completed Post Disaster, Appraiser must comment on the adverse event and certify that there has been no changed in the valuation. - Due Diligence Vendor-02/21/2025 |
Ready for Review-Document Uploaded. see attached - Seller-02/27/2025 Ready for Review-Not on our zip code list - Seller-02/25/2025 |
Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-02/27/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO is 660, borrower FICO is 716. CLTV is less than guidelines maximum - Lender max CLTV is 85%, subject CLTV is 51.68% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3462577 | |
| XXXX | 2889126 | XXXX | C | A | A | A | C | A | C | A | Closed | finding-3634 | 2025-02-20 13:07 | 2025-02-26 08:34 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received information from client of day after Thanksgiving closure of business. - Due Diligence Vendor-02/26/2025 Ready for Review-Our offices are closed the Friday after Thanksgiving. Please correct. - Seller-02/25/2025 Counter-Received SPL dated XXXX however, we are missing the LE and SPL provided to borrower within three business days of application date of XXXX. - Due Diligence Vendor-02/24/2025 Ready for Review-Document Uploaded. see attached - Seller-02/21/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Missing Service Providers List. Please provide for accurate testing. - Due Diligence Vendor-02/20/2025 |
Ready for Review-Our offices are closed the Friday after XXXX. Please correct. - Seller-02/25/2025 Ready for Review-Document Uploaded. see attached - Seller-02/21/2025 |
Resolved-Received information from client of day after XXXX closure of business. - Due Diligence Vendor-02/26/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO is 660, borrower FICO is 716. CLTV is less than guidelines maximum - Lender max CLTV is 85%, subject CLTV is 51.68% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3455755 | |
| XXXX | 2889126 | XXXX | C | A | A | A | C | A | C | A | Closed | finding-3635 | 2025-02-20 13:07 | 2025-02-26 08:34 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Received information from client of day after XXXX closure of business. - Due Diligence Vendor-02/26/2025 Ready for Review-Our offices are closed the Friday after XXXX. Please correct. - Seller-02/25/2025 Counter-Received SPL dated XXXX however, we are missing the LE and SPL provided to borrower within three business days of application date of XXXX. - Due Diligence Vendor-02/24/2025 Ready for Review-Document Uploaded. see attached - Seller-02/21/2025 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% (XXXX) exceed the comparable charges (XXXX) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Missing Service Providers List. Please provide for accurate testing. - Due Diligence Vendor-02/20/2025 |
Ready for Review-Our offices are closed the Friday after XXXX. Please correct. - Seller-02/25/2025 Ready for Review-Document Uploaded. see attached - Seller-02/21/2025 |
Resolved-Received information from client of day after XXXX closure of business. - Due Diligence Vendor-02/26/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO is 660, borrower FICO is 716. CLTV is less than guidelines maximum - Lender max CLTV is 85%, subject CLTV is 51.68% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3455758 | |
| XXXX | 2889126 | XXXX | C | A | A | A | C | A | C | A | Closed | finding-3838 | 2025-02-24 12:17 | 2025-02-26 08:34 | Resolved | 1 - Information | C | A | Compliance | ComplianceEase | Written List of Service Providers Disclosure Date Test | Resolved-Received information from client of day after XXXX closure of business. - Due Diligence Vendor-02/26/2025 Ready for Review-Our offices are closed the Friday after XXXX. Please correct. - Seller-02/25/2025 Counter-Received SPL dated XXXX however, we are missing the LE and SPL provided to borrower within three business days of application date of XXXX. - Due Diligence Vendor-02/24/2025 Open-This loan failed the written list of service providers disclosure date test for one or more of the following reasons: ( 12 CFR §1026.19(e)(1)(vi) )The written list of service providers disclosure date is either:Less than the seventh business day (counting all calendar days except Sunday and specified legal public holidays) before consummation of the transaction; orLater than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions)This calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1026.19(e)(1)(e)(1)(iii) §1026.2(a)(6) and as it relates to §1026.19(a)(1)(vi) (which references the timing requirements for the loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:NoneAs not being open on PLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, XXXX calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict.If the consumer is permitted to shop for a settlement service, the creditor shall provide the consumer with a written list identifying available providers of that settlement service and stating that the consumer may choose a different provider for that service. The creditor must identify at least one available provider for each settlement service for which the consumer is permitted to shop. The creditor shall provide this written list of settlement service providers separately from the disclosures required by §1026.19(e)(1)(e)(1)(i) but in accordance with the timing requirements in §1026.19(e)(1)(e)(1)(iii). - Due Diligence Vendor-02/24/2025 |
Ready for Review-Our offices are closed the Friday after XXXX. Please correct. - Seller-02/25/2025 |
Resolved-Received information from client of day after XXXX closure of business. - Due Diligence Vendor-02/26/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO is 660, borrower FICO is 716. CLTV is less than guidelines maximum - Lender max CLTV is 85%, subject CLTV is 51.68% |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3470359 | ||
| XXXX | 2101674 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2096442 | XXXX | C | A | A | A | C | A | C | A | Closed | FPRO0011 | 2025-02-24 17:37 | 2025-02-27 16:03 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-02/27/2025 Ready for Review-Document Uploaded. see attached - Seller-02/27/2025 Counter-Disaster inspection required-subject is located within XXXX- Due Diligence Vendor-02/26/2025 Ready for Review-not on our zip code list - Seller-02/25/2025 XXXX, Incident Period: XXXX, Major Disaster Declaration declared on XXXX, INDIVIDUAL & PUBLIC ASSISTANCE, appraiser must comment on the adverse event and any effect on marketability or value. - Due Diligence Vendor-02/24/2025 |
Ready for Review-Document Uploaded. see attached - Seller-02/27/2025 Ready for Review-not on our zip code list - Seller-02/25/2025 |
Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-02/27/2025 |
CLTV is less than guidelines maximum - Lender max CLTV is 85%, subject CLTV is 74.24% Qualifying DTI below maximum allowed - Lender max DTI is 50%, borrower DTI is 42.97% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3472925 | |
| XXXX | 2233526 | XXXX | C | A | A | A | A | A | C | A | Closed | FPRO0011 | 2025-02-25 14:14 | 2025-03-07 14:10 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/07/2025 Ready for Review-Document Uploaded. see attached PDI - Seller-03/06/2025 Counter-Received lenders list of zip codes, however a PDI is required to clear this finding. - Due Diligence Vendor-03/04/2025 Ready for Review-Document Uploaded. Property's zip code is not on our list. - Seller-03/01/2025 XXXX XXXX XXXX Incident Period: XXXX Individual - Due Diligence Vendor-02/25/2025 |
Ready for Review-Document Uploaded. see attached PDI - Seller-03/06/2025 Ready for Review-Document Uploaded. Property's zip code is not on our list. - Seller-03/01/2025 |
Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 696, minimum score 680. On time mortgage history exceeds guideline requirement - 0x30 mortgage housing history. Qualifying DTI below maximum allowed - DTI 44.95% max 50%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3479071 | |
| XXXX | 2301995 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1200 | 2025-02-26 12:11 | 2025-04-03 10:24 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted Loan Amount, waiver applied with compactors - Due Diligence Vendor-04/03/2025 Ready for Review-Please take a look again. At the top of pg. 2 under "exception information" you'll find the exception includes both that were needed. - Seller-03/06/2025 Counter-Exception in file is for housing history. Please provide the Exception approval for the loan amount. - Due Diligence Vendor-03/04/2025 Ready for Review-Document Uploaded. Please see attached exception approval, which should have been in the shipping package. - Seller-03/01/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX. No exception found - Due Diligence Vendor-02/26/2025 |
Ready for Review-Please take a look again. At the top of pg. 2 under "exception information" you'll find the exception includes both that were needed. - Seller-03/06/2025 Ready for Review-Document Uploaded. Please see attached exception approval, which should have been in the shipping package. - Seller-03/01/2025 |
Waived-Originator exception granted Loan Amount, waiver applied with compactors - Due Diligence Vendor-04/03/2025 |
Months Reserves exceed minimum required - 28 mos rsrvs; 0 required Qualifying DTI below maximum allowed - 33.59% DTI below max 50% |
Mtg: 84 months no lates; DTI: 34<50% max; Employment: 20 years with employer. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3485482 |
| XXXX | 2301995 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE8888 | 2025-02-26 12:16 | 2025-03-04 17:04 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing First Mtg Note | Resolved-Received Mortgage Statement. - Due Diligence Vendor-03/04/2025 Ready for Review-Document Uploaded. Rebut- please see excerpt from guidelines which shows the requirements for the senior lien. The mortgage statement (attached) and credit report provided sufficient information to determine that the 1st lien was eligible. - Seller-03/01/2025 Open-Missing Note on 1st lien to determine if eligible senior lien - Due Diligence Vendor-02/26/2025 |
Ready for Review-Document Uploaded. Rebut- please see excerpt from guidelines which shows the requirements for the senior lien. The mortgage statement (attached) and credit report provided sufficient information to determine that the 1st lien was eligible. - Seller-03/01/2025 |
Resolved-Received Mortgage Statement. - Due Diligence Vendor-03/04/2025 |
Months Reserves exceed minimum required - 28 mos rsrvs; 0 required Qualifying DTI below maximum allowed - 33.59% DTI below max 50% |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3485529 | |
| XXXX | 2301995 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1440 | 2025-02-26 12:14 | 2025-03-04 17:00 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Originator provided a waiver for housing history, applied to non material finding with comp factors - Due Diligence Vendor-03/04/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-03/01/2025 Open-Housing History Does Not Meet Guideline Requirements Borrower is currently living rent free. Lender comment on 1008 states exception exists for borrower not having a primary housing expense, but no exception was found - 2.26.25 - AG - Per Approval in the file pages 1/2 reflects exceptions given. - Due Diligence Vendor-02/26/2025 |
Ready for Review-Document Uploaded. Please see attached. - Seller-03/01/2025 |
Waived-Originator provided a waiver for housing history, applied to non material finding with comp factors - Due Diligence Vendor-03/04/2025 |
Months Reserves exceed minimum required - 28 mos rsrvs; 0 required Qualifying DTI below maximum allowed - 33.59% DTI below max 50% |
84 months report no lates DTI Max-50% Subject 34% Borrower has been with her employer for almost 20 years. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | 3485514 |
| XXXX | 2301995 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1316 | 2025-02-26 11:53 | 2025-02-28 14:43 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-02/28/2025 Ready for Review-Document Uploaded. see attached - Seller-02/27/2025 Open-Borrower 1 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-02/26/2025 |
Ready for Review-Document Uploaded. see attached - Seller-02/27/2025 |
Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-02/28/2025 |
Months Reserves exceed minimum required - 28 mos rsrvs; 0 required Qualifying DTI below maximum allowed - 33.59% DTI below max 50% |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3485148 | |
| XXXX | 2349264 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1503 | 2025-02-26 16:01 | 2025-06-09 08:51 | Resolved | 1 - Information | C | A | Credit | QM-ATR | ATR: The Lender did not document all ATR Factors | Resolved-Received XXXX- Due Diligence Vendor-03/04/2025 Ready for Review-Document Uploaded. see attached XXXX. as mentioned below, we have transcripts, p&Ls, etc in file as well. - Seller-03/04/2025 Counter-XXXX were not located in the loan file. - Due Diligence Vendor-03/03/2025 Ready for Review-we have transcripts, p&L's, pay stubs, tax returns. not sure why you think we don't meet the ATR. - Seller-02/28/2025 Open-ATR: The Lender did not document all ATR Factors Missing XXXX signed tax returns - Due Diligence Vendor-02/26/2025 |
Ready for Review-Document Uploaded. see attached XXXX 1040s. as mentioned below, we have transcripts, p&Ls, etc in file as well. - Seller-03/04/2025 Ready for Review-we have transcripts, p&L's, pay stubs, tax returns. not sure why you think we don't meet the ATR. - Seller-02/28/2025 |
Resolved-Received XXXX 1040 - Due Diligence Vendor-03/04/2025 |
Long term residence - Long term subject residence, with mortgage history reporting since 2006, with no lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV is 51% On time mortgage history exceeds guideline requirement - 18+ years |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3487904 | |
| XXXX | 2349264 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1506 | 2025-02-26 16:01 | 2025-06-09 08:51 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received XXXX. - Due Diligence Vendor-03/04/2025 Ready for Review-Document Uploaded. see attached XXXX. as mentioned below, we have transcripts, p&Ls, etc in file as well. should not need signed returns if we have transcripts in file. - Seller-03/04/2025 Counter-XXXX tax returns were not located in the loan file. - Due Diligence Vendor-03/03/2025 Ready for Review-disagree. We have tax returns, pay stubs, transcripts, p&L. etc. on top of that not sure why you are viewing this as business purpose. - Seller-02/28/2025 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing XXXX signed tax returns - Due Diligence Vendor-02/26/2025 |
Ready for Review-Document Uploaded. see attached XXXX 1040s. as mentioned below, we have transcripts, p&Ls, etc in file as well. should not need signed returns if we have transcripts in file. - Seller-03/04/2025 Ready for Review-disagree. We have tax returns, pay stubs, transcripts, p&L. etc. on top of that not sure why you are viewing this as business purpose. - Seller-02/28/2025 |
Resolved-Received 2023 1040. - Due Diligence Vendor-03/04/2025 |
Long term residence - Long term subject residence, with mortgage history reporting since 2006, with no lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV is 51% On time mortgage history exceeds guideline requirement - 18+ years |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3487905 | |
| XXXX | 2349264 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1319 | 2025-02-25 18:08 | 2025-03-04 16:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Personal Tax Returns Missing | Resolved-Received XXXX. - Due Diligence Vendor-03/04/2025 Ready for Review-Document Uploaded. Please see attached. Thanks - Seller-03/01/2025 Open-Borrower 1 Personal Tax Returns Missing Missing XXXX personal tax return, only transcripts were provided. - Due Diligence Vendor-02/25/2025 |
Ready for Review-Document Uploaded. Please see attached. Thanks - Seller-03/01/2025 |
Resolved-Received 2023 1040. - Due Diligence Vendor-03/04/2025 |
Long term residence - Long term subject residence, with mortgage history reporting since 2006, with no lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV is 51% On time mortgage history exceeds guideline requirement - 18+ years |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3481000 | |
| XXXX | 2349264 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1200 | 2025-02-25 18:41 | 2025-02-26 16:14 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/26/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX - Due Diligence Vendor-02/25/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/26/2025 |
Long term residence - Long term subject residence, with mortgage history reporting since 2006, with no lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV is 51% On time mortgage history exceeds guideline requirement - 18+ years |
1. Max CLTV 90%, subject CLTV 51% 2. Mtg history dating back to 2006 with no lates reporting |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3481206 | ||
| XXXX | 2349264 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1335 | 2025-02-26 16:13 | 2025-02-26 16:14 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Borrower 1 IRS Transcripts Missing | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/26/2025 Open-Missing XXXX business transcripts - Due Diligence Vendor-02/26/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/26/2025 |
Long term residence - Long term subject residence, with mortgage history reporting since 2006, with no lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV is 51% On time mortgage history exceeds guideline requirement - 18+ years |
1. Max CLTV 90%, subject CLTV 51% 2. Mtg history dating back to 2006 with no lates reporting |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 3488003 | ||
| XXXX | 2615438 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE0044 | 2025-02-27 10:10 | 2025-03-04 10:52 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-Upon further review, all the inquiries on the UDM appear to be for the subject loan. - Due Diligence Vendor-03/04/2025 Ready for Review-Document Uploaded. The credit inquiries on UDM are all from when the broker pulled the trimerge Factual Data credit report on XXXX for borrower and co borrower. A LOE on inquiry should not be needed. See below snips. - Seller-03/03/2025 Open-LOX for credit inquiries is missing. Inquiries on UDM not addressed - Due Diligence Vendor-02/27/2025 |
Ready for Review-Document Uploaded. The credit inquiries on UDM are all from when the broker pulled the trimerge Factual Data credit report on XXXX for borrower and co borrower. A LOE on inquiry should not be needed. See below snips. - Seller-03/03/2025 |
Resolved-Upon further review, all the inquiries on the UDM appear to be for the subject loan. - Due Diligence Vendor-03/04/2025 |
CLTV is less than guidelines maximum - CLTV is 58% with max allowed to 70% Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 695; minimum required 660. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3491846 | |
| XXXX | 2488935 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2025-02-27 10:39 | 2025-03-12 15:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received acceptable confirmation REOs do not have HOA. - Due Diligence Vendor-03/12/2025 Ready for Review-Document Uploaded. Please see attached. Both REOs are SFRs with no HOA. Please clear. Thanks - Seller-03/11/2025 Counter-Documentation to support the loans are escrowed for taxes and Insurance, however we are missing HOA verification. - Due Diligence Vendor-03/04/2025 Ready for Review-Document Uploaded. Please see attached HOI statement for XXXX and the Mtg statement for XXXX, which shows that the loan is escrowed. When escrowed, no additional documentation is required. - Seller-03/01/2025 Open-No documentation or statement provided to address any potential HOA dues for properties XXXX and XXXX. - Due Diligence Vendor-02/27/2025 |
Ready for Review-Document Uploaded. Please see attached. Both REOs are SFRs with no HOA. Please clear. Thanks - Seller-03/11/2025 Ready for Review-Document Uploaded. Please see attached HOI statement for XXXX and the Mtg statement for XXXX, which shows that the loan is escrowed. When escrowed, no additional documentation is required. - Seller-03/01/2025 |
Resolved-Received acceptable confirmation REOs do not have HOA. - Due Diligence Vendor-03/12/2025 |
CLTV is less than guidelines maximum - Qualifying CLTV 52.911 is lower than the guideline max of 55. Qualifying DTI below maximum allowed - Qualifying DTI 41.99 is lower than the guideline max of 50. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3492236 | |
| XXXX | 2383285 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2368758 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2705323 | XXXX | D | B | D | B | B | B | C | A | Closed | FPRO0011 | 2025-02-28 13:37 | 2025-03-06 09:34 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/06/2025 Ready for Review-Document Uploaded. PDI uploaded - Seller-03/04/2025 Open-XXXX-XXXX-INDIVIDUAL Only. PDI Report required - Due Diligence Vendor-02/28/2025 |
Ready for Review-Document Uploaded. PDI uploaded - Seller-03/04/2025 |
Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/06/2025 |
CLTV is less than guidelines maximum - Max CLTV 80%/Subject CLTV 68.39% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 720 / Borrower FICO 745 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3504316 | |
| XXXX | 2705323 | XXXX | D | B | D | B | B | B | C | A | Closed | FCRE9549 | 2025-02-28 14:50 | 2025-03-04 10:59 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Credit Report Supplement | Resolved-Upon further review, the balance used for qualification was taken from the credit report. - Due Diligence Vendor-03/04/2025 Ready for Review-Document Uploaded. 1st line mortgage statement included in original upload, reuploaded - Seller-03/03/2025 Open-Missing verification of balance of 1st mortgage lien for XXXX - Due Diligence Vendor-02/28/2025 |
Ready for Review-Document Uploaded. 1st line mortgage statement included in original upload, reuploaded - Seller-03/03/2025 |
Resolved-Upon further review, the balance used for qualification was taken from the credit report. - Due Diligence Vendor-03/04/2025 |
CLTV is less than guidelines maximum - Max CLTV 80%/Subject CLTV 68.39% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 720 / Borrower FICO 745 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3505307 | |
| XXXX | 2705323 | XXXX | D | B | D | B | B | B | C | A | Closed | FCRE1492 | 2025-02-28 14:02 | 2025-02-28 15:09 | Waived | 2 - Non-Material | C | B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-02/28/2025 Open-Cash Out Does Not Meet Guideline Requirements - Existing second mortgage opened < 6 months ago. The loan file contains an approved exception. - Due Diligence Vendor-02/28/2025 |
Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-02/28/2025 |
CLTV is less than guidelines maximum - Max CLTV 80%/Subject CLTV 68.39% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 720 / Borrower FICO 745 |
Long Term Homeowner Long Term Employment FICO> 10pts above requirement |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3504623 | ||
| XXXX | 2705323 | XXXX | D | B | D | B | B | B | C | A | Closed | FCOM5135 | 2025-02-27 11:28 | 2025-02-27 11:28 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/27/2025 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/27/2025 |
CLTV is less than guidelines maximum - Max CLTV 80%/Subject CLTV 68.39% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 720 / Borrower FICO 745 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 3492899 | |||
| XXXX | 2967883 | XXXX | C | B | C | B | A | A | A | A | Closed | FPRO1249 | 2025-02-28 09:26 | 2025-02-28 11:34 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Neighborhood Location Not Allowed for Program | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/28/2025 Open-Primary Value Valuation Neighborhood Location Not Allowed for Program XXXX Zoning. Confirmed property is not used for XXXX. - Due Diligence Vendor-02/28/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/28/2025 |
Qualifying DTI below maximum allowed - Lender max DTI 50%, borrower, borrower DTI 39.64% Qualifying FICO score is at least 20 points above minimum for program - 783 > 720 required |
1. Max lender DTI 50%, Subject DTI < 35% 2. Multiple mortgage since 2016, with no lates reporting. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3500724 | ||
| XXXX | 2368031 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2062903 | XXXX | D | B | D | A | B | B | C | A | Closed | FVAL1039 | 2025-03-03 13:45 | 2025-03-07 11:14 | Resolved | 1 - Information | C | A | Property | Value | Appraised value unsupported | Resolved-Upon further review, the loan file contained all required valuation documentations - Due Diligence Vendor-03/05/2025 Ready for Review-Per guidelines, this is the2nd, CDA is only required on transferred appraisals. Please clear - Seller-03/04/2025 Open-Secondary valuation exceeds 2.5. Missing additional appraisal review product that supports value - Due Diligence Vendor-03/03/2025 |
Ready for Review-Per guidelines, this is the2nd, CDA is only required on transferred appraisals. Please clear - Seller-03/04/2025 |
Resolved-Upon further review, the loan file contained all required valuation documentations - Due Diligence Vendor-03/05/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO 771 is higher than 720 minimum required Months Reserves exceed minimum required - 48 months reserves higher than minimum required 0 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Refinance | Cash Out - Other | N/A | N/A | 3514942 | ||
| XXXX | 2062903 | XXXX | D | B | D | A | B | B | C | A | Closed | FCRE9549 | 2025-03-03 13:37 | 2025-03-07 10:53 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Credit Report Supplement | Resolved-Received confirmation of balance of 1st lien considered in CLTV. - Due Diligence Vendor-03/07/2025 Ready for Review-Document Uploaded. Per UW they used the balance from the most recent mortgage statement. The statement is from XXXX. We've uploaded the updated 1008 showing the updated balance and CLTV - Seller-03/06/2025 Counter-Received MTG statements-they do not match the figure on final 1003 for balance of 1st lien mortgage. - Due Diligence Vendor-03/05/2025 Ready for Review-Document Uploaded. Statement reuploaded and included in original upload. - Seller-03/04/2025 Open-Missing credit supplement that reflects balance of subject's first mortgage lien that matches amount used on final 1003 - Due Diligence Vendor-03/03/2025 |
Ready for Review-Document Uploaded. Per UW they used the balance from the most recent mortgage statement. The statement is from XXXX. We've uploaded the updated 1008 showing the updated balance and CLTV - Seller-03/06/2025 Ready for Review-Document Uploaded. Statement reuploaded and included in original upload. - Seller-03/04/2025 |
Resolved-Received confirmation of balance of 1st lien considered in CLTV. - Due Diligence Vendor-03/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO 771 is higher than 720 minimum required Months Reserves exceed minimum required - 48 months reserves higher than minimum required 0 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Refinance | Cash Out - Other | N/A | N/A | 3514858 | |
| XXXX | 2062903 | XXXX | D | B | D | A | B | B | C | A | Closed | FCOM5135 | 2025-02-28 10:06 | 2025-02-28 11:15 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-06/09/2025 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-06/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO 771 is higher than 720 minimum required Months Reserves exceed minimum required - 48 months reserves higher than minimum required 0 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Refinance | Cash Out - Other | Originator Post-Close | No | 3501127 | |||
| XXXX | 2342550 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3652 | 2025-03-03 15:37 | 2025-03-12 07:29 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received COC XXXX. Finding resolved. - Due Diligence Vendor-03/12/2025 Ready for Review-Document Uploaded. see attached - Seller-03/11/2025 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits (XXXX) does not exceed or equal the comparable sum of specific and non-specific lender credits (XXXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Lender credit decreased from XXXX to XXXX without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-03/03/2025 |
Ready for Review-Document Uploaded. see attached - Seller-03/11/2025 |
Resolved-Received COC XXXX. Finding resolved. - Due Diligence Vendor-03/12/2025 |
CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV is 28.93%. Qualifying DTI below maximum allowed - Lender max DTI is 50%, borrower DTI is 32.64%. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3516478 | |
| XXXX | 2343558 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1964 | 2025-03-03 18:16 | 2025-03-05 17:19 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing income documentation | Resolved-Received Bank Statement reflecting the receipt of retirement and SSA income. - Due Diligence Vendor-03/05/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-03/04/2025 Open-1. Provide docs to verify recent receipt of Social Security Income for B1. 2. Provide docs to verify recent receipt of Cal Pers Pension Income for B1. - Due Diligence Vendor-03/03/2025 |
Ready for Review-Document Uploaded. Please see attached. - Seller-03/04/2025 |
Resolved-Received Bank Statement reflecting the receipt of retirement and SSA income. - Due Diligence Vendor-03/05/2025 |
CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV is 37.25% Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO is 660, borrower FICO is 747. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3517816 | |
| XXXX | 2169342 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE3653 | 2025-03-05 12:43 | 2025-03-07 10:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing letter of explanation | Resolved-Received Lis Pendens cancellation for non borrower. - Due Diligence Vendor-03/07/2025 Ready for Review-Document Uploaded. - Seller-03/06/2025 Open-Missing explanation for Lis Pendens on fraud report pertaining to previous address. - Due Diligence Vendor-03/05/2025 |
Ready for Review-Document Uploaded. - Seller-03/06/2025 |
Resolved-Received Lis Pendens cancellation for non borrower. - Due Diligence Vendor-03/07/2025 |
Months Reserves exceed minimum required - 21 months reserves exceed 0 months required CLTV is less than guidelines maximum - CLTV of 80% is less than 85% maximum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3534235 | |
| XXXX | 2610366 | XXXX | C | B | C | B | C | A | C | A | Closed | FCRE1200 | 2025-03-04 14:49 | 2025-03-11 12:22 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/05/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Lender Exception Granted for loan amount of XXXX being lower than guideline minimum of XXXX. - Due Diligence Vendor-03/04/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/05/2025 |
Credit history exceeds minimum required - Mortgage history since 2017, with 0 lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV 64.94% |
1. Lender max CLTV is 90%, subject CLTV 64.94% 2. Mortgage history since 2017, with 0 lates reporting. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3525871 | ||
| XXXX | 2610366 | XXXX | C | B | C | B | C | A | C | A | Closed | FPRO0011 | 2025-03-05 13:42 | 2025-03-10 14:55 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/10/2025 Ready for Review-Document Uploaded. see attached PDI - Seller-03/07/2025 Open---Property Condition Inspection dated prior to the disaster incident period ending.-- XXXX Incident Period: XXXX Major Disaster Declaration declared on XXXX - Due Diligence Vendor-03/05/2025 |
Ready for Review-Document Uploaded. see attached PDI - Seller-03/07/2025 |
Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/10/2025 |
Credit history exceeds minimum required - Mortgage history since 2017, with 0 lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV 64.94% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3535370 | |
| XXXX | 2610366 | XXXX | C | B | C | B | C | A | C | A | Closed | finding-47 | 2025-03-04 09:48 | 2025-03-07 07:17 | Resolved | 1 - Information | C | A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Received PCCD XXXX, disbursement date XXXX. Finding resolved. - Due Diligence Vendor-03/07/2025 Ready for Review-Document Uploaded. See attached - Seller-03/06/2025 Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. -----Provide PCCD with disbursement date after the ROR expiration date. - Due Diligence Vendor-03/04/2025 |
Ready for Review-Document Uploaded. See attached - Seller-03/06/2025 |
Resolved-Received PCCD XXXX, disbursement date XXXX. Finding resolved. - Due Diligence Vendor-03/07/2025 |
Credit history exceeds minimum required - Mortgage history since 2017, with 0 lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV 64.94% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3521262 | |
| XXXX | 2440574 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2436165 | XXXX | C | A | A | A | C | A | C | A | Closed | FPRO0011 | 2025-03-07 14:03 | 2025-03-13 14:06 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/13/2025 Ready for Review-Document Uploaded. see attached - Seller-03/11/2025 Open-XXXX Incident Period: XXXX Major Disaster Declaration declared on XXXX---PCI does not comment on the adverse event. PCI to be updated or full Post Disaster Inspection required. - Due Diligence Vendor-03/07/2025 |
Ready for Review-Document Uploaded. see attached - Seller-03/11/2025 |
Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/13/2025 |
CLTV is less than guidelines maximum - Lender max CLTV is 90%, subject CLTV is 69.13% Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO is 660, borrower FICO is 720 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3558505 | |
| XXXX | 2803191 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2929336 | XXXX | C | B | C | A | B | B | A | A | Closed | FCRE1193 | 2025-03-05 14:20 | 2025-03-12 15:40 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Income calculation worksheet received does not reflect expense factor. 20% expense factor monthly income XXXX. Received confirmation business pays Amex liability. Ratios are acceptable. - Due Diligence Vendor-03/12/2025 Counter-Income calculation worksheet received does not reflect expense factor. 20% expense factor monthly income XXXX - Due Diligence Vendor-03/12/2025 Ready for Review-Document Uploaded. Please see attached revised income calculation based on 12 months vs. 13 months. Also attached is a snippet from the business bank statements showing that the business pays the XXXX card each month. The XXXX was excluded from the DTI. Revised DTI is 44.78% - Seller-03/11/2025 Open-Audited DTI of 51.24% exceeds Guideline DTI of 50% DTI exceeds program maximum. Provide clarification as to why XXXX of deposits were included; however, only divided by XXXX on lender bank statement worksheet. - Due Diligence Vendor-03/05/2025 |
Ready for Review-Document Uploaded. Please see attached revised income calculation based on 12 months vs. 13 months. Also attached is a snippet from the business bank statements showing that the business pays the XXXX card each month. The XXXX was excluded from the DTI. Revised DTI is 44.78% - Seller-03/11/2025 |
Resolved-Income calculation worksheet received does not reflect expense factor. 20% expense factor monthly income XXXX. Received confirmation business pays XXXX liability. Ratios are acceptable. - Due Diligence Vendor-03/12/2025 |
Long term residence - Borrower has resided in subject primary since 2012, with no mortgage lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 70%, subject CLTV is 48.98%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3535962 | |
| XXXX | 2929336 | XXXX | C | B | C | A | B | B | A | A | Closed | FCRE1507 | 2025-03-10 09:36 | 2025-03-12 15:38 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Discrepancy between Originator QM Status and Final QM Status | Resolved-The Originator QM Status and Final QM Status are the same. - Due Diligence Vendor-03/12/2025 Ready for Review-we don't see where you are getting the 48% DTI, we should 48% CLTV but not DTI. DTI is 44.779%. Also, encompass has tested this loan as General ATR which is non-QM. so i don't understand - Seller-03/11/2025 Open-The Originator QM Status is not the same as the Final QM Status. DTI ratio exceeds guidelines. - Due Diligence Vendor-03/10/2025 |
Ready for Review-we don't see where you are getting the 48% DTI, we should 48% CLTV but not DTI. DTI is 44.779%. Also, encompass has tested this loan as General ATR which is non-QM. so i don't understand - Seller-03/11/2025 |
Resolved-The Originator QM Status and Final QM Status are the same. - Due Diligence Vendor-03/12/2025 |
Long term residence - Borrower has resided in subject primary since 2012, with no mortgage lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 70%, subject CLTV is 48.98%. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3568134 | ||
| XXXX | 2929336 | XXXX | C | B | C | A | B | B | A | A | Closed | FCOM1301 | 2025-03-05 10:20 | 2025-03-05 10:20 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Home Loan Toolkit is Missing | Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/05/2025 | Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/05/2025 |
Long term residence - Borrower has resided in subject primary since 2012, with no mortgage lates reporting. CLTV is less than guidelines maximum - Lender max CLTV is 70%, subject CLTV is 48.98%. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 3531569 | |||
| XXXX | 2729763 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2136603 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2261904 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE1316 | 2025-03-17 15:50 | 2025-03-24 14:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-CPA letter provided. - Due Diligence Vendor-03/24/2025 Counter-Received duplicate VVOE-provide update validation of self employment. - Due Diligence Vendor-03/24/2025 Ready for Review-Document Uploaded. - Seller-03/20/2025 Open-Borrower 1 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-03/17/2025 |
Ready for Review-Document Uploaded. - Seller-03/20/2025 |
Resolved-CPA letter provided. - Due Diligence Vendor-03/24/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 703 Months Reserves exceed minimum required - Minimum reserves is 0 months, Borrower has 11.84 months. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3629874 | |
| XXXX | 2261904 | XXXX | D | B | D | A | B | B | A | A | Closed | FCOM5135 | 2025-03-12 12:09 | 2025-03-12 12:55 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing ----- Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/12/2025 | Waived-Required Affiliated Business Disclosure Missing ----- Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 703 Months Reserves exceed minimum required - Minimum reserves is 0 months, Borrower has 11.84 months. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 3592510 | |||
| XXXX | 2173939 | XXXX | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2025-03-17 14:14 | 2025-03-18 12:48 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-The Business Purpose Affidavit Disclosure is not required; only the occupancy affidavit was, which was in the loan file. - Due Diligence Vendor-03/18/2025 Open-The Business Purpose Affidavit Disclosure is Missing Missing BP Cert - Due Diligence Vendor-03/17/2025 |
Resolved-The Business Purpose Affidavit Disclosure is not required; only the occupancy affidavit was, which was in the loan file. - Due Diligence Vendor-03/18/2025 |
CLTV is less than guidelines maximum - 69.29 CLTV is less than 80% guideline max Months Reserves exceed minimum required - 12 months reserves exceed 0 month minimum required |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3628425 | |||
| XXXX | 2698935 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3634 | 2025-03-18 16:34 | 2025-03-26 07:20 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved------Upon further review, finding resolved - Due Diligence Vendor-03/26/2025 Ready for Review-Document Uploaded. The RLE when locked included the PCI charge. As for the XXXX it was cured at funding and reflects on the PCCD that is in the original package. - Seller-03/25/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ....Zero (0%) tolerance fees increased by XXXX (Flood Certification [XXXX], Property Condition Inspection [XXXX}, and Tax Service fee [XXXX) without a valid COC in file. PCCD provided a credit of XXXXfor increase in closing costs. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 1 year- Expiration date is XXXX. XXXX credit provided for increase in Flood Cert and Tax Service Fee] - Due Diligence Vendor-03/18/2025 |
Ready for Review-Document Uploaded. The RLE when locked included the PCI charge. As for the XXXX it was cured at funding and reflects on the PCCD that is in the original package. - Seller-03/25/2025 |
Resolved------Upon further review, finding resolved - Due Diligence Vendor-03/26/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO score of 754 is higher than the minimum required score of 660 CLTV is less than guidelines maximum - CLTV of 71.12% is below the maximum of 90% allowed per guidelines. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3640941 | |
| XXXX | 2782007 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2974435 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2136356 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2658978 | XXXX | C | A | A | A | C | A | A | A | Closed | FCOM2328 | 2025-03-26 15:10 | 2025-04-02 14:54 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: Closing Disclosure Escrow Account | Resolved-Received PCCD 4/1/25 with correction. - Due Diligence Vendor-04/02/2025 Ready for Review-Document Uploaded. - Seller-04/02/2025 Open-Final CD and PCCD, page 4 is missing reason for no escrow account established, either declined or lender does not offer one box is not checked. Provide a PCCD with correction within 60 days of consummation. - Due Diligence Vendor-03/26/2025 |
Ready for Review-Document Uploaded. - Seller-04/02/2025 |
Resolved-Received PCCD XXXX with correction. - Due Diligence Vendor-04/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 774 FICO, 660 required LTV is less than guideline maximum - 72% LTV, program allows 90% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3702356 | |
| XXXX | 2202834 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2995659 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE8611 | 2025-03-27 12:58 | 2025-04-02 10:07 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income/Employment General | Resolved-Guideline max for NSF's applied to HELOC's. This loan is a closed end second. - Due Diligence Vendor-04/02/2025 Open-Borrower has 4 NSF's. Per Guidelines no more than two (2) NSF’s are allowed per 12-month period. for the ALT doc bank statement program. - Due Diligence Vendor-03/27/2025 |
Resolved-Guideline max for NSF's applied to HELOC's. This loan is a closed end second. - Due Diligence Vendor-04/02/2025 |
Qualifying DTI below maximum allowed - DTI is 38.84% and max allowed is 50% Qualifying FICO score is at least 20 points above minimum for program - Score is 700 and minimum allowed is 660. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3710751 | |||
| XXXX | 2579916 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3617 | 2025-03-26 16:59 | 2025-04-02 12:59 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID Initial Closing Disclosure Date and Funding Date Validation Test | Resolved-Received PCCD XXXX and final settlement statement from title company as confirmation of correct disbursement date. - Due Diligence Vendor-04/02/2025 Ready for Review-Document Uploaded. - Seller-04/02/2025 Open-This loan failed the TRID closing disclosure date and funding date validation test.This loan contains a closing disclosure receipt date (or closing disclosure delivery date if receipt date was not provided) that is after the funding date. Please review the loan data to ensure the dates are in the correct fields. -----Final CD shows disbursement date of XXXX, but closing date is XXXX. Provide evidence the loan did not disburse prior to closing. - Due Diligence Vendor-03/26/2025 |
Ready for Review-Document Uploaded. - Seller-04/02/2025 |
Resolved-Received PCCD XXXX and final settlement statement from title company as confirmation of correct disbursement date. - Due Diligence Vendor-04/02/2025 |
Months Reserves exceed minimum required - 38.93 vs. 0 required Qualifying DTI below maximum allowed - 42.74% vs. 50% max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3703586 | |
| XXXX | 2579916 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-47 | 2025-03-26 16:59 | 2025-04-02 12:59 | Resolved | 1 - Information | C | A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Received PCCD XXXX and final settlement statement from title company as confirmation of correct disbursement date. - Due Diligence Vendor-04/02/2025 Ready for Review-Document Uploaded. - Seller-04/02/2025 Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. ------Provide PCCD with disbursement date after the ROR expiration date. - Due Diligence Vendor-03/26/2025 |
Ready for Review-Document Uploaded. - Seller-04/02/2025 |
Resolved-Received PCCD XXXX and final settlement statement from title company as confirmation of correct disbursement date. - Due Diligence Vendor-04/02/2025 |
Months Reserves exceed minimum required - 38.93 vs. 0 required Qualifying DTI below maximum allowed - 42.74% vs. 50% max |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3703587 | |
| XXXX | 2149496 | XXXX | B | B | A | A | B | B | A | A | Closed | FCOM5135 | 2025-03-26 16:22 | 2025-03-26 16:22 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/26/2025 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/26/2025 |
Months Reserves exceed minimum required - 25.27 months vs. 0 required Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680, Bwr FICO 701 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 3703147 | |||
| XXXX | 2032248 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2003842 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1506 | 2025-03-28 11:30 | 2025-04-18 14:32 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received Originator waiver for the DTI ratio of 50.03% over the guideline max of 50%. Resolving with compensating factors of XXXX in residual income, 20 years in business and 0x30 mortgage lates since XXXX. - Due Diligence Vendor-04/18/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-04/17/2025 Counter-Upon further review, grossed up. DTI is 50.02% slightly exceeding the maximum allowed. Audited DTI - XXXX total combined income, XXXX subjects PITIA and XXXX in consumer debt. - Due Diligence Vendor-04/15/2025 Ready for Review-Document Uploaded. Rebut-please see attached 1099 that shows that NO income tax was taken out. No issue that it was grossed up. - Seller-04/08/2025 Counter-DTI of 50.48% exceeds the max..allowed per guidelines of 50%. Pending additional income documentation. - Due Diligence Vendor-04/01/2025 Ready for Review-Rebut - DTI is 49.930 and with guidelines. - Seller-03/29/2025 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. DTI of 50.48% exceeds the max..allowed per guidelines of 50%. Missing proof of social security income. - Due Diligence Vendor-03/28/2025 |
Ready for Review-Document Uploaded. Please see attached. - Seller-04/17/2025 Ready for Review-Document Uploaded. Rebut-please see attached 1099 that shows that NO income tax was taken out. No issue that it was grossed up. - Seller-04/08/2025 Ready for Review-Rebut - DTI is 49.930 and with guidelines. - Seller-03/29/2025 |
Resolved-Received Originator waiver for the DTI ratio of 50.03% over the guideline max of 50%. Resolving with compensating factors of XXXX in residual income, 20 years in business and 0x30 mortgage lates since 2021. - Due Diligence Vendor-04/18/2025 |
Verified employment history exceeds guidelines - Borrower has had his business for 20 years. On time mortgage history exceeds guideline requirement - Borrower has 0x30 mortgage lates since 2021. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3719792 | |
| XXXX | 2003842 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1193 | 2025-03-28 11:50 | 2025-04-18 14:27 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Waived-Document Uploaded. Originator waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-04/18/2025 Ready for Review-Exception uploaded for your review. - Seller-04/17/2025 Counter-Upon further review, grossed up. DTI is 50.02% slightly exceeding the maximum allowed. Audited DTI - XXXX total combined income, XXXX subjects PITIA and XXXX in consumer debt. - Due Diligence Vendor-04/15/2025 Ready for Review-Please escalate this. The fact that there wasn't any income tax withheld on the 1099 should be sufficient proof that the annuity is non-taxed and can be grossed up per Fannie guidelines. - Seller-04/10/2025 Counter-Received duplicate 1099 R-please provide confirmation annuity is non taxable and available for gross up. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-04/08/2025 Counter-Please provide supporting documentation XXXX Annuity is tax exempt and eligible for gross up 15% (non qualified annuity). - Due Diligence Vendor-04/01/2025 Ready for Review-Document Uploaded. Rebut - please see attached. UW also used a 75% vacancy factor (net income of XXXX), and the XXXX pension was grossed up by 115% (XXXX) - Seller-03/29/2025 Open-Audited DTI of 50.42% exceeds Guideline DTI of 50% Lender income for REO is higher than audit. Audit used standard 25% vacancy factor, unable to determine why lender's is higher. Audit income calculation for pension is also slightly lower using 1099's provided. - Due Diligence Vendor-03/28/2025 |
Ready for Review-Exception uploaded for your review. - Seller-04/17/2025 Ready for Review-Please escalate this. The fact that there wasn't any income tax withheld on the 1099 should be sufficient proof that the annuity is non-taxed and can be grossed up per XXXX guidelines. - Seller-04/10/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-04/08/2025 Ready for Review-Document Uploaded. Rebut - please see attached. UW also used a 75% vacancy factor (net income of XXXX), and the XXXX pension was grossed up by 115% (XXXX) - Seller-03/29/2025 |
Waived-Document Uploaded. Originator waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-04/18/2025 |
Verified employment history exceeds guidelines - Borrower has had his business for 20 years. On time mortgage history exceeds guideline requirement - Borrower has 0x30 mortgage lates since 2021. |
Mortgage history dating back to 2021 with no lates reported. Borrower has had his business for almost 20 years |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3720113 |
| XXXX | 2003842 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE5809 | 2025-03-28 14:44 | 2025-04-03 14:51 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing evidence of self employment | Resolved-Received Fictitious business name change, re license -as confirmed sole entity - Due Diligence Vendor-04/03/2025 Ready for Review-REBUT-no operating agreement for a borrower with a DBA who files a Schedule C. Please escalate. - Seller-04/01/2025 Counter-Received duplicate documentation-provide evidence borrower is 100% owner of their business (CPA letter/operating agreement). - Due Diligence Vendor-04/01/2025 Ready for Review-Document Uploaded. Rebut - please see attached. Borrower operates under a DBA in which he is 100% owner. - Seller-03/29/2025 Open-Missing evidence borrower is 100% owner of their business (CPA letter/operating agreement). Documents provided do not indicate. - Due Diligence Vendor-03/28/2025 |
Ready for Review-REBUT-no operating agreement for a borrower with a DBA who files a Schedule C. Please escalate. - Seller-04/01/2025 Ready for Review-Document Uploaded. Rebut - please see attached. Borrower operates under a DBA in which he is 100% owner. - Seller-03/29/2025 |
Resolved-Received Fictitious business name change, re license -as confirmed sole entity - Due Diligence Vendor-04/03/2025 |
Verified employment history exceeds guidelines - Borrower has had his business for 20 years. On time mortgage history exceeds guideline requirement - Borrower has 0x30 mortgage lates since 2021. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3722470 | |
| XXXX | 2003842 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE1964 | 2025-03-28 14:42 | 2025-04-01 14:21 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing income documentation | Resolved-Received awards letter. - Due Diligence Vendor-04/01/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-03/29/2025 Open-Missing proof of social security income, must meet guidelines. - Due Diligence Vendor-03/28/2025 |
Ready for Review-Document Uploaded. Please see attached. - Seller-03/29/2025 |
Resolved-Received awards letter. - Due Diligence Vendor-04/01/2025 |
Verified employment history exceeds guidelines - Borrower has had his business for 20 years. On time mortgage history exceeds guideline requirement - Borrower has 0x30 mortgage lates since 2021. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3722450 | |
| XXXX | 2577561 | XXXX | B | B | A | A | B | B | A | A | Closed | FCOM5135 | 2025-03-31 09:51 | 2025-03-31 09:51 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/31/2025 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/31/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO 796 - Minimum 660 CLTV is less than guidelines maximum - CLTV 32.43 / Maximum 90% |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 3729487 | |||
| XXXX | 2176091 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE9549 | 2025-04-02 15:53 | 2025-04-07 11:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Credit Report Supplement | Resolved-Received revised 1003 with the correct UPB. - Due Diligence Vendor-04/07/2025 Ready for Review-Document Uploaded. Uploaded corrected Final 1003 reflecting 1st mortgage unpaid balance that matches credit supplement - Seller-04/04/2025 Open-Missing for first mortgage lien with balance reflected that matches amount on Final 1003 - Due Diligence Vendor-04/02/2025 |
Ready for Review-Document Uploaded. Uploaded corrected Final 1003 reflecting 1st mortgage unpaid balance that matches credit supplement - Seller-04/04/2025 |
Resolved-Received revised 1003 with the correct UPB. - Due Diligence Vendor-04/07/2025 |
On time mortgage history exceeds guideline requirement - 12 months A-pay mortgage history required borrower has 39 months A-Pay mortgage history verified. Months Reserves exceed minimum required - No reserves documented, 34 months reserves verified. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3755865 | |
| XXXX | 2672376 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1193 | 2025-04-02 16:58 | 2025-04-17 15:01 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Updated income calc provided. - Due Diligence Vendor-04/17/2025 Counter-Exception for DTI to be provided. Audited DTI of 50.13% exceeds Guideline DTI of 50% - Due Diligence Vendor-04/17/2025 Ready for Review-Document Uploaded. - Seller-04/16/2025 Counter-Received updated income calc. Audited DTI of 51.76% exceeds Guideline DTI of 50% - Due Diligence Vendor-04/15/2025 Ready for Review-Document Uploaded. worksheets uploaded - Seller-04/15/2025 Counter-Received income calc and 1008/1003--audit and originators income calc for XXXX does not match. Lender 1003 reflects XXXX-worksheet reflects XXXX and audit validates only XXXX--Audit DTI is 53.36% exceed 50.00%. - Due Diligence Vendor-04/15/2025 Ready for Review-Document Uploaded. LOE, 1008, income & 1003 uploaded - Seller-04/11/2025 Counter-Received PITIA validation-final 1003--Audit DTI is 53.36% exceed 50.00%. - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. Updated 1003 showing which mortgage is attached to which property, and proof borrower owns company, Uploaded • The heloc for XXXX is a new loan we are doing for the borrower on his primary home. It will be paying off XXXX which has been excluded from dti. The new loan payment with us has added to the dti which is a higher payment. The new loan with us has not closed yet • XXXX XXXX belongs to the daughter who pays the mortgage for property XXXX. • The 3 large business loans are attached to XXXX. Business pays the mortgage payment. Docs are in the file and submitted to tpr. The dti is correct. - Seller-04/08/2025 Open-Audited DTI of 56.98% exceeds Guideline DTI of 50% could not reconcile the mortgage debt with the properties listed on the 1003 and the evidence provided in the file. 3 large business loans were not included in the DTI as the business pays and they do not report on the credit report. Also a LE or XXXX heloc for the primary residence was provided in the file with no explanation. An accurate DTI ratio cannot be calculated, Additional conditions may apply. - Due Diligence Vendor-04/02/2025 |
Ready for Review-Document Uploaded. - Seller-04/16/2025 Ready for Review-Document Uploaded. worksheets uploaded - Seller-04/15/2025 Ready for Review-Document Uploaded. LOE, 1008, income & 1003 uploaded - Seller-04/11/2025 Ready for Review-Document Uploaded. Updated 1003 showing which mortgage is attached to which property, and proof borrower owns company, Uploaded • The heloc for XXXX is a new loan we are doing for the borrower on his primary home. It will be paying off XXXX which has been excluded from dti. The new loan payment with us has added to the dti which is a higher payment. The new loan with us has not closed yet • NR/SMS/Cal XXXX belongs to the daughter who pays the mortgage for property XXXX • The 3 large business loans are attached to XXXX. Business pays the mortgage payment. Docs are in the file and submitted to tpr. The dti is correct. - Seller-04/08/2025 |
Resolved-Updated income calc provided. - Due Diligence Vendor-04/17/2025 |
Long term residence - Borrower has been in their primary residence for 5.5 years. Months Reserves exceed minimum required - 0 Reserves required, 16.61 months for subject. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3756683 | |
| XXXX | 2672376 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5116 | 2025-04-02 16:34 | 2025-04-10 11:57 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing VOM or VOR | Resolved-Received PITIA validations - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. Updated 1003 showing which mortgage is attached to which property, and proof borrower owns company, Uploaded • The heloc for XXXX is a new loan we are doing for the borrower on his primary home. It will be paying off XXXX which has been excluded from dti. The new loan payment with us has added to the dti which is a higher payment. The new loan with us has not closed yet • XXXX #XXXX belongs to the daughter who pays the mortgage for property XXXX. • The 3 large business loans are attached to XXXX. Business pays the mortgage payment. Docs are in the file and submitted to tpr. The dti is correct. - Seller-04/08/2025 Counter-All required documents provided, Please provide the Final CD for XXXX home equity loan for the primary residence if available. - Due Diligence Vendor-04/07/2025 Ready for Review-Document Uploaded. VOMs already included in original upload, reuploading - Seller-04/04/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. The mortgage debts and the properties they are secured with cannot be reconciled with the information in the loan file. Please advise which properties are secured by which mortgages on the credit report and provide supporting evidence. Additionally, provide the Closing Disclosure for the XXXX home equity loan as shown for the borrower's primary residence as shown on the loan estimate identified in the file. Or provide evidence it did not close. - Due Diligence Vendor-04/02/2025 |
Ready for Review-Document Uploaded. Updated 1003 showing which mortgage is attached to which property, and proof borrower owns company, Uploaded • The heloc for XXXX is a new loan we are doing for the borrower on his primary home. It will be paying off XXXX which has been excluded from dti. The new loan payment with us has added to the dti which is a higher payment. The new loan with us has not closed yet • XXXX XXXX belongs to the daughter who pays the mortgage for property XXXX. • The 3 large business loans are attached to XXXX. Business pays the mortgage payment. Docs are in the file and submitted to tpr. The dti is correct. - Seller-04/08/2025 Ready for Review-Document Uploaded. VOMs already included in original upload, reuploading - Seller-04/04/2025 |
Resolved-Received PITIA validations - Due Diligence Vendor-04/10/2025 |
Long term residence - Borrower has been in their primary residence for 5.5 years. Months Reserves exceed minimum required - 0 Reserves required, 16.61 months for subject. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3756379 | |
| XXXX | 2989937 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2954054 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE1440 | 2025-04-03 13:31 | 2025-04-15 16:28 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received Credit Report, Gap Report and Statement. - Due Diligence Vendor-04/15/2025 Ready for Review-Document Uploaded. - Seller-04/11/2025 Open-Housing History Does Not Meet Guideline Requirements- Missing 12 months mortgage pay history for primary residence. - Due Diligence Vendor-04/03/2025 |
Ready for Review-Document Uploaded. - Seller-04/11/2025 |
Resolved-Received Credit Report, Gap Report and Statement. - Due Diligence Vendor-04/15/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 742; minimum score 700. LTV is less than guideline maximum - LTV 85% max 90%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3775508 | |
| XXXX | 2954054 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE5770 | 2025-04-03 13:31 | 2025-04-15 16:28 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Credit Report is Missing | Resolved-Received Credit Report for both borrowers. - Due Diligence Vendor-04/15/2025 Ready for Review-Document Uploaded. - Seller-04/11/2025 Open-Borrower 1 Credit Report is Missing. Missing credit report for B1 and B2. - Due Diligence Vendor-04/03/2025 |
Ready for Review-Document Uploaded. - Seller-04/11/2025 |
Resolved-Received Credit Report for both borrowers. - Due Diligence Vendor-04/15/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 742; minimum score 700. LTV is less than guideline maximum - LTV 85% max 90%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3775509 | |
| XXXX | 2954054 | XXXX | D | A | D | A | C | A | A | A | Closed | FCRE5782 | 2025-04-03 13:31 | 2025-04-15 16:28 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received Gap Report for both borrowers. - Due Diligence Vendor-04/15/2025 Ready for Review-Document Uploaded. - Seller-04/11/2025 Open-Borrower 1 Gap Credit Report is Missing Unable to determine if needed. if Credit report (Currently missing) is > 30 days from closing the document will be required. - Due Diligence Vendor-04/04/2025 |
Ready for Review-Document Uploaded. - Seller-04/11/2025 |
Resolved-Received Gap Report for both borrowers. - Due Diligence Vendor-04/15/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 742; minimum score 700. LTV is less than guideline maximum - LTV 85% max 90%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3775510 | |
| XXXX | 2954054 | XXXX | D | A | D | A | C | A | A | A | Closed | finding-3652 | 2025-04-01 15:45 | 2025-04-15 08:03 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Upon further review, finding resolved. - Due Diligence Vendor-04/15/2025 Ready for Review-Document Uploaded. - Seller-04/14/2025 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits (XXXX) does not exceed or equal the comparable sum of specific and non-specific lender credits (XXXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Lender credit decreased from XXXX to XXXX without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-04/01/2025 |
Ready for Review-Document Uploaded. - Seller-04/14/2025 |
Resolved-Upon further review, finding resolved. - Due Diligence Vendor-04/15/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 742; minimum score 700. LTV is less than guideline maximum - LTV 85% max 90%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3745478 | |
| XXXX | 2180215 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1193 | 2025-04-07 14:53 | 2025-06-09 11:31 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Waived-Document Uploaded. Originator waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-06/09/2025 Open-Audited DTI of 50.55% exceeds Guideline DTI of 50% Lender used incorrect amount for HOI. - Due Diligence Vendor-04/07/2025 |
Waived-Document Uploaded. Originator waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-06/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 660 Fico Score required, 713 verified. CLTV is less than guidelines maximum - 85% CLTV allowed, 59.34% subject |
1. LTV > 10% below maximum 2. FICO > 10 pts above requirement 3. Long Term Employment (14 years |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3798784 | |
| XXXX | 2180215 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1503 | 2025-04-08 14:57 | 2025-04-09 14:51 | Resolved | 1 - Information | C | A | Credit | QM-ATR | ATR: The Lender did not document all ATR Factors | Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Due Diligence Vendor-04/09/2025 Open-ATR: The Lender did not document all ATR Factors Lender used incorrect amount for HOI results in excessive DTI. - Due Diligence Vendor-04/08/2025 |
Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Due Diligence Vendor-04/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 660 Fico Score required, 713 verified. CLTV is less than guidelines maximum - 85% CLTV allowed, 59.34% subject |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3810226 | |||
| XXXX | 2180215 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1506 | 2025-04-08 14:57 | 2025-04-09 14:51 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Upon further review QM status is acceptable. - Due Diligence Vendor-06/09/2025 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Lender used incorrect amount for HOI results in excessive DTI. - Due Diligence Vendor-04/08/2025 |
Resolved-Upon further review QM status is acceptable. - Due Diligence Vendor-06/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 660 Fico Score required, 713 verified. CLTV is less than guidelines maximum - 85% CLTV allowed, 59.34% subject |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3810227 | |||
| XXXX | 2935181 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2730962 | XXXX | B | B | A | A | B | B | A | A | Closed | FCOM5135 | 2025-04-10 06:45 | 2025-04-10 07:46 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material findings. - Due Diligence Vendor-04/10/2025 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material findings. - Due Diligence Vendor-04/10/2025 |
Verified employment history exceeds guidelines - Borrower has been at current employment for 34 years. Long term residence - Borrower has been at residence 10 years. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 3825339 | |||
| XXXX | 2947669 | XXXX | D | A | D | A | D | A | A | A | Closed | FCRE1335 | 2025-04-11 13:39 | 2025-05-06 12:47 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 IRS Transcripts Missing | Resolved-Received transcripts for B2. - Due Diligence Vendor-05/06/2025 Ready for Review-Document Uploaded. - Seller-05/05/2025 Counter-Received transcripts for B1. Missing W2 transcripts for B2. - Due Diligence Vendor-04/30/2025 Ready for Review-Document Uploaded. - Seller-04/29/2025 Open-Borrower 1 IRS Transcripts Missing Missing W2 transcripts for XXXX for B1 and B2 - Due Diligence Vendor-04/15/2025 |
Ready for Review-Document Uploaded. - Seller-05/05/2025 Ready for Review-Document Uploaded. - Seller-04/29/2025 |
Resolved-Received transcripts for B2. - Due Diligence Vendor-05/06/2025 |
CLTV is less than guidelines maximum - 65.12% vs. 85% max Months Reserves exceed minimum required - 29 months vs 0 required |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3842345 | |
| XXXX | 2947669 | XXXX | D | A | D | A | D | A | A | A | Closed | FCOM1232 | 2025-04-11 08:03 | 2025-04-18 08:10 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Missing | Resolved-Received Final 1003 , finding resolved. - Due Diligence Vendor-04/18/2025 Ready for Review-Document Uploaded. upl final 1003 - Seller-04/17/2025 Open-The Final 1003 is Missing ----- Missing Final 1003. - Due Diligence Vendor-04/11/2025 |
Ready for Review-Document Uploaded. upl final 1003 - Seller-04/17/2025 |
Resolved-Received Final 1003 , finding resolved. - Due Diligence Vendor-04/18/2025 |
CLTV is less than guidelines maximum - 65.12% vs. 85% max Months Reserves exceed minimum required - 29 months vs 0 required |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3837984 | |
| XXXX | 2026972 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2025-04-18 12:42 | 2025-04-30 11:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received CTEC letter confirm expense factor and validation of CTEC license. - Due Diligence Vendor-04/30/2025 Ready for Review-Document Uploaded. Uploaded CPA Letter with 30% expense factor. - Seller-04/29/2025 Counter-CPA letter provided does not indicate an expense factor. Provide expense factor per either a CPA/CTEC/EA letter or P&L - Due Diligence Vendor-04/22/2025 Ready for Review-Document Uploaded. - Seller-04/22/2025 Counter-Loan was submitted with Vista Point guidelines which requires a tax preparer letter and verification (CPA/CTEC/EA). - Due Diligence Vendor-04/22/2025 Ready for Review-Document Uploaded. Uploaded complete Rebuttal: Per guidelines we are not required to provide a CPA letter for 30% or 15%. Borrower met listed criteria for both - we used the most conservative. - Seller-04/21/2025 Open-*New* Received revised bank statement analysis with 30% expense factor. Provide confirmation letter from CTEC/tax preparer 30% expense factor should be considered. Must validate CTEC license as well. . - Due Diligence Vendor-04/18/2025 |
Ready for Review-Document Uploaded. Uploaded CPA Letter with 30% expense factor. - Seller-04/29/2025 Ready for Review-Document Uploaded. - Seller-04/22/2025 Ready for Review-Document Uploaded. Uploaded complete Rebuttal: Per guidelines we are not required to provide a CPA letter for 30% or 15%. Borrower met listed criteria for both - we used the most conservative. - Seller-04/21/2025 |
Resolved-Received CTEC letter confirm expense factor and validation of CTEC license. - Due Diligence Vendor-04/30/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum Fico 680, subject 707. Months Reserves exceed minimum required - No reserves required, 1.93 months verified |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3902753 | |
| XXXX | 2026972 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE4104 | 2025-04-15 10:37 | 2025-04-18 12:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing explanation and supporting documentation for large deposit(s) | Resolved-Received revised worksheet omitting large deposits. - Due Diligence Vendor-04/18/2025 Ready for Review-Document Uploaded. - Seller-04/16/2025 Open-Missing evidence of the large deposits in XXXX - Due Diligence Vendor-04/15/2025 |
Ready for Review-Document Uploaded. - Seller-04/16/2025 |
Resolved-Received revised worksheet omitting large deposits. - Due Diligence Vendor-04/18/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum Fico 680, subject 707. Months Reserves exceed minimum required - No reserves required, 1.93 months verified |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3866576 | |
| XXXX | 2026972 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1193 | 2025-04-11 15:15 | 2025-04-18 12:38 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Received restructured income worksheet. - Due Diligence Vendor-04/18/2025 Ready for Review-Document Uploaded. Submitted response with supporting docs, updated Income Calculation Worksheet, 1008 and 1003... - Seller-04/16/2025 Open-Audited DTI of 55.68% exceeds Guideline DTI of 50% Review of the bank statement deposits shows significantly less than the originator's calculation. The review calculation showed XXXX in gross deposits. Adding back 3 large deposits without explanation (XXXX) which is best case scenario the DTI ratio exceeds 50% when a 50% expense ratio is applied. Review of the originator's bank statement calculation also shows XXXX in gross deposits with XXXX net. XXXX which is the income used to qualify. It appears that the lenders calculation did not include any expense factor. - Due Diligence Vendor-04/11/2025 |
Ready for Review-Document Uploaded. Submitted response with supporting docs, updated Income Calculation Worksheet, 1008 and 1003... - Seller-04/16/2025 |
Resolved-Received restructured income worksheet. - Due Diligence Vendor-04/18/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum Fico 680, subject 707. Months Reserves exceed minimum required - No reserves required, 1.93 months verified |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3843970 | |
| XXXX | 2026972 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7009 | 2025-04-11 14:15 | 2025-04-16 12:52 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Received RCE - Due Diligence Vendor-04/16/2025 Ready for Review-Document Uploaded. Uploaded Replacement Cost Estimator - Seller-04/15/2025 Open-Insufficient Coverage Amount for Insured Subject Property. Per the applicable guidelines the required insurance amount is 100% of the replacement cost of the improvements or the unpaid principal balance of all liens provided it equals no less than the replacement cost value. The insurance provided is not sufficient. - Due Diligence Vendor-04/11/2025 |
Ready for Review-Document Uploaded. Uploaded Replacement Cost Estimator - Seller-04/15/2025 |
Resolved-Received RCE - Due Diligence Vendor-04/16/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum Fico 680, subject 707. Months Reserves exceed minimum required - No reserves required, 1.93 months verified |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3842900 | |
| XXXX | 2272231 | XXXX | C | A | C | A | C | A | A | A | Closed | FCRE0044 | 2025-04-14 18:53 | 2025-04-17 12:52 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-Received credit inquiry letter. - Due Diligence Vendor-04/17/2025 Ready for Review-Document Uploaded. LOX for credit inquiries is attached :) - Seller-04/16/2025 Open-LOX for credit inquiries is missing. No letter of explanation for the inquiries was identified in the file. - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. LOX for credit inquiries is attached :) - Seller-04/16/2025 |
Resolved-Received credit inquiry letter. - Due Diligence Vendor-04/17/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 716>680 Qualifying DTI below maximum allowed - 35%<50% allowed |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3861915 | |
| XXXX | 2272231 | XXXX | C | A | C | A | C | A | A | A | Closed | finding-3635 | 2025-04-11 18:18 | 2025-04-17 08:06 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-----Received PCCD XXXX, finding resolved. - Due Diligence Vendor-04/17/2025 Ready for Review-Document Uploaded. hi please see our final PCCD :) thank you. - Seller-04/16/2025 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% (XXXX) exceed the comparable charges (XXXX) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Ten (10%) tolerance fees (Settlement XXXX, Recording XXXX, Endorsement XXXX) increased by XXXX without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 1 year- Expiration date is XXXX. - Due Diligence Vendor-04/11/2025 |
Ready for Review-Document Uploaded. hi please see our final PCCD :) thank you. - Seller-04/16/2025 |
Resolved-----Received PCCD XXXX, finding resolved. - Due Diligence Vendor-04/17/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 716>680 Qualifying DTI below maximum allowed - 35%<50% allowed |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3845970 | |
| XXXX | 2520355 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2360649 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2651755 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-806 | 2025-04-18 09:34 | 2025-04-22 09:55 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | CA AB 489/344 Covered Loan Points and Fees Threshold Test | Resolved-Upon further review, no further documentation is needed or required. - Due Diligence Vendor-04/22/2025 Open-This loan failed the points and fees threshold test. (CA AB 344 §1 [CA FC §4970(b)(1)(B)])The total points and fees, as defined in California Financial Code § 4970, exceed 6% of the total loan amount, as defined in HOEPA (Section 32). -----The Total points and fees of XXXX exceeds the allowable amount of XXXX by XXXX. - Due Diligence Vendor-04/18/2025 |
Resolved-Upon further review, no further documentation is needed or required. - Due Diligence Vendor-04/22/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 660 Score required, subject 687. Long term residence - Borrower at residence for 18 years |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3899900 | |||
| XXXX | 2651755 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3635 | 2025-04-18 09:34 | 2025-04-21 16:49 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Lender credit of XXXX on CD. Resolved - Due Diligence Vendor-04/21/2025 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% (XXXX) exceed the comparable charges (XXXX) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). Lender credit of XXXX on CD. Resolved - Due Diligence Vendor-04/18/2025 |
Resolved-Lender credit of XXXX on CD. Resolved - Due Diligence Vendor-04/21/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 660 Score required, subject 687. Long term residence - Borrower at residence for 18 years |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3899904 | |||
| XXXX | 2158803 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3634 | 2025-04-24 09:10 | 2025-04-25 12:24 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Zero (0%) tolerance fees increased by XXXX (Credit Report) without a valid COC in file. Final CD provided a XXXX credit for increase in closing costa above the legal limit. - Due Diligence Vendor-04/25/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). - Due Diligence Vendor-04/24/2025 |
Resolved-Zero (0%) tolerance fees increased by XXXX (Credit Report) without a valid COC in file. Final CD provided a XXXX credit for increase in closing costa above the legal limit. - Due Diligence Vendor-04/25/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 735 FICO, 700 required LTV is less than guideline maximum - 70% LTV, program allows 75% |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3949276 | |||
| XXXX | 2420296 | XXXX | D | B | D | A | C | B | A | A | Closed | FCRE5782 | 2025-04-25 09:05 | 2025-04-28 12:30 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received GAP report dated within 15 days of closing as per guidelines - Due Diligence Vendor-04/28/2025 Ready for Review-Document Uploaded. - Seller-04/28/2025 Open-Borrower 1 Gap Credit Report is Missing Missing the required GAP credit report dated within 15 days o the note date for borrower 1. - Due Diligence Vendor-04/25/2025 |
Ready for Review-Document Uploaded. - Seller-04/28/2025 |
Resolved-Received GAP report dated within 15 days of closing as per guidelines - Due Diligence Vendor-04/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 716, guideline minimum is 660. Qualifying DTI below maximum allowed - he calculated DTI is 38.16%, guideline max is 50% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3961615 | |
| XXXX | 2420296 | XXXX | D | B | D | A | C | B | A | A | Closed | FCRE5783 | 2025-04-25 09:05 | 2025-04-28 12:30 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Gap Credit Report is Missing | Resolved-Received GAP report dated within 15 days of closing as per guidelines - Due Diligence Vendor-04/28/2025 Ready for Review-Document Uploaded. - Seller-04/28/2025 Open-Borrower 2 Gap Credit Report is Missing Missing the required GAP credit report dated within 15 days o the note date for borrower 2. - Due Diligence Vendor-04/25/2025 |
Ready for Review-Document Uploaded. - Seller-04/28/2025 |
Resolved-Received GAP report dated within 15 days of closing as per guidelines - Due Diligence Vendor-04/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 716, guideline minimum is 660. Qualifying DTI below maximum allowed - he calculated DTI is 38.16%, guideline max is 50% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3961616 | |
| XXXX | 2420296 | XXXX | D | B | D | A | C | B | A | A | Closed | FCRE1108 | 2025-04-23 17:49 | 2025-04-28 12:26 | Resolved | 1 - Information | C | A | Credit | Closing | Calculated Initial Payment and Initial Principal and Interest Payment do not match | Resolved-Upon further review there is no issue with the P&I payment on the Note. Subject loan is in XXXX and subject to simple interest calculation - Due Diligence Vendor-04/28/2025 Open-Calculated Initial P&I Payment Amount does not match Initial P&I Payment Amount (Variance exceeds XXXX) Simple interest loan and payment on note does not reflect correct payment of XXXX - Due Diligence Vendor-04/24/2025 |
Resolved-Upon further review there is no issue with the P&I payment on the Note. Subject loan is in WA and subject to simple interest calculation - Due Diligence Vendor-04/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 716, guideline minimum is 660. Qualifying DTI below maximum allowed - he calculated DTI is 38.16%, guideline max is 50% |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3944677 | |||
| XXXX | 2420296 | XXXX | D | B | D | A | C | B | A | A | Closed | finding-3634 | 2025-04-23 17:50 | 2025-04-25 11:20 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-*****Zero (0%) tolerance fees increased by XXXX without a valid COC in file. Final CD includes XXXX credit for increase in closing cost above legal limit. Finding Resolved. - Due Diligence Vendor-04/25/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). *****Zero (0%) tolerance fees increased by XXXX without a valid COC in file. Final CD includes XXXX credit for increase in closing cost above legal limit. Finding Resolved. - Due Diligence Vendor-04/23/2025 |
Resolved-*****Zero (0%) tolerance fees increased by XXXX without a valid COC in file. Final CD includes XXXX credit for increase in closing cost above legal limit. Finding Resolved. - Due Diligence Vendor-04/25/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 716, guideline minimum is 660. Qualifying DTI below maximum allowed - he calculated DTI is 38.16%, guideline max is 50% |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3944685 | |||
| XXXX | 2420296 | XXXX | D | B | D | A | C | B | A | A | Closed | FCOM5135 | 2025-04-23 17:26 | 2025-04-23 17:55 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material finding. - Due Diligence Vendor-04/23/2025 | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material finding. - Due Diligence Vendor-04/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 716, guideline minimum is 660. Qualifying DTI below maximum allowed - he calculated DTI is 38.16%, guideline max is 50% |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 3944501 | |||
| XXXX | 2448899 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-47 | 2025-04-25 16:50 | 2025-06-09 12:32 | Resolved | 1 - Information | A | A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Received PCCD XXXX, disbursement date XXXX. Finding resolved. - Due Diligence Vendor-06/09/2025 Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. -----Provide PCCD with disbursement date after the ROR expiration date. - Due Diligence Vendor-06/09/2025 |
Resolved-Received PCCD XXXX, disbursement date XXXX. Finding resolved. - Due Diligence Vendor-06/09/2025 |
CLTV is less than guidelines maximum - 75% vs. max 90% LTV Months Reserves exceed minimum required - 42 months available vs 0 required |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3968684 | |||
| XXXX | 2448899 | XXXX | C | A | A | A | C | A | A | A | Closed | FCOM5559 | 2025-04-28 11:10 | 2025-06-09 11:33 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: Closing Disclosure Summaries of Transactions | Resolved-Received PCCD XXXX5, corrected duplicate fee in payoffs and payments. Finding resolved. - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. See uploaded PCCD - Seller-05/02/2025 Open-Per the letter from the CA Dept of Tax and Fee Administration, there are two tax liens with a total of XXXX. The 1003 and the CD entered this amount twice, which is incorrect. The tax certificate numbers match what is on title. - Due Diligence Vendor-04/28/2025 |
Ready for Review-Document Uploaded. See uploaded PCCD - Seller-05/02/2025 |
Resolved-Received PCCD XXXX, corrected duplicate fee in payoffs and payments. Finding resolved. - Due Diligence Vendor-06/09/2025 |
CLTV is less than guidelines maximum - 75% vs. max 90% LTV Months Reserves exceed minimum required - 42 months available vs 0 required |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3979508 | |
| XXXX | 2491358 | XXXX | C | A | A | A | A | A | C | A | Closed | FPRO0011 | 2025-04-28 13:11 | 2025-05-06 12:42 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-05/06/2025 Ready for Review-Document Uploaded. - Seller-05/05/2025 Open-XXXX Incident Period: XXXX Major Disaster Declaration declared on XXXX ***No comment noted by Appraiser regarding recent disaster as required by guide. - Due Diligence Vendor-04/28/2025 |
Ready for Review-Document Uploaded. - Seller-05/05/2025 |
Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-05/06/2025 |
CLTV is less than guidelines maximum - 60% vs. max LTV of 75% Qualifying DTI below maximum allowed - 35% vs. max of 50% DTI |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3981696 | |
| XXXX | 2767635 | XXXX | B | A | B | A | A | A | A | A | Closed | FCRE1182 | 2025-04-29 09:15 | 2025-05-09 09:12 | Resolved | 1 - Information | B | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided | Resolved-Received 1008 - Due Diligence Vendor-05/02/2025 Ready for Review-Document Uploaded. Please see attached - Seller-05/01/2025 Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-04/29/2025 |
Ready for Review-Document Uploaded. Please see attached - Seller-05/01/2025 |
Resolved-Received 1008 - Due Diligence Vendor-05/02/2025 |
CLTV is less than guidelines maximum - CLTV 69.96% CLTV. Allowed 75% Long term residence - B1 & B2 living in current home for 14 years |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3990859 | |
| XXXX | 2594471 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2025-05-02 15:51 | 2025-06-03 14:53 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Coop fee provided. - Due Diligence Vendor-06/03/2025 Ready for Review-Document Uploaded. Please see attached - Seller-06/03/2025 Counter-Received clarification of re taxes included in Coop fee-please document coop fee and HOA for property. - Due Diligence Vendor-05/16/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-05/15/2025 Open-Per the application the borrower owns a property XXXX, which is owned free and clear. Missing verification of the taxes, insurance and HOA for this property. - Due Diligence Vendor-05/02/2025 |
Ready for Review-Document Uploaded. Please see attached - Seller-06/03/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-05/15/2025 |
Resolved-Coop fee provided. - Due Diligence Vendor-06/03/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 693, minimum required is 660. Qualifying DTI below maximum allowed - The calculated DTI is 3.8%, maximum allowed is 50%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4032275 | |
| XXXX | 2594471 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1506 | 2025-05-02 16:55 | 2025-06-03 14:52 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-06/03/2025 Resolved-The borrower company was initially filed in XXXX in XXXX and remains active in XXXX. The filing for XXXX was in XXXX and remains active. Documents provided confirm XXXX since 2009. - Due Diligence Vendor-05/29/2025 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Income findings. - Due Diligence Vendor-05/02/2025 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-06/03/2025 Resolved-The borrower company was initially filed in XXXX in XXXX and remains active in XXXX. The filing for XXXX was in XXXX and remains active. Documents provided confirm XXXX since XXXX. - Due Diligence Vendor-05/29/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 693, minimum required is 660. Qualifying DTI below maximum allowed - The calculated DTI is 3.8%, maximum allowed is 50%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4033151 | ||
| XXXX | 2594471 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7009 | 2025-05-02 15:03 | 2025-06-02 12:28 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Replacement cost per appraisal is XXXX - Due Diligence Vendor-06/02/2025 Counter-Documentation is insufficient-per guidelines RCE or must cover loan amounts. - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. Page four of appraisal report shows the replacement cost of the property. XXXX valuation is mostly from the value of the land. - Seller-05/16/2025 Open-Insufficient Coverage Amount for Insured Subject Property. The total coverage amount including the extended replacement coverage equals XXXX The outstanding balances of all liens equals XXXX. Per the guidelines, there should be sufficient coverage to cover all outstanding liens. - Due Diligence Vendor-05/02/2025 |
Ready for Review-Document Uploaded. Page four of appraisal report shows the replacement cost of the property. XXXX valuation is mostly from the value of the land. - Seller-05/16/2025 |
Resolved-Replacement cost per appraisal is XXXX - Due Diligence Vendor-06/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 693, minimum required is 660. Qualifying DTI below maximum allowed - The calculated DTI is 3.8%, maximum allowed is 50%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4031567 | |
| XXXX | 2594471 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2025-05-02 15:35 | 2025-05-29 13:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Document Uploaded. The borrower company was initially filed in NV in 2009 and remains active in NV. The filing for XXXX was in XXXX and remains active. Documents provided confirm SE since XXXX. - Due Diligence Vendor-05/29/2025 Ready for Review-3rd page shows corporation was created in XXXX. - Seller-05/16/2025 Counter-Documentation received is insufficient-must validate business existence for 2+ years. Original finding remains. - Due Diligence Vendor-05/16/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-05/14/2025 Open-Borrower 1 CPA Letter Missing Missing the required CPA letter supporting two years of continuous self employment. - Due Diligence Vendor-05/02/2025 |
Ready for Review-3rd page shows corporation was created in 2009. - Seller-05/16/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-05/14/2025 |
Resolved-Document Uploaded. The borrower company was initially filed in XXXX in XXXX and remains active in XXXX. The filing for XXXX was in XXXX and remains active. Documents provided confirm XXXX since XXXX. - Due Diligence Vendor-05/29/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 693, minimum required is 660. Qualifying DTI below maximum allowed - The calculated DTI is 3.8%, maximum allowed is 50%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4032037 | |
| XXXX | 2594471 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7806 | 2025-05-02 15:35 | 2025-05-23 14:58 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Bank Statement Summary/Lender Worksheet is Missing | Resolved-Received lenders bank statement worksheets and revised 1008/1003. - Due Diligence Vendor-05/23/2025 Ready for Review-Document Uploaded. Income updated on both 1003 and 1008. - Seller-05/22/2025 Counter-Documentation provided is insufficient. Original finding remains. - Due Diligence Vendor-05/20/2025 Ready for Review-Income was lower than what was on the 1003/1008. No adjustment needed. - Seller-05/16/2025 Counter-Received bank statement worksheet-income does not mirror 1008 or final 1003-please clarify. - Due Diligence Vendor-05/16/2025 Ready for Review-Document Uploaded. Please see attached income calculator. - Seller-05/15/2025 Counter-Bank statement worksheet does not reflecting qualifying income-please provide all pages. - Due Diligence Vendor-05/13/2025 Ready for Review-Document Uploaded. - Seller-05/09/2025 Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing The borrower was qualified with 12 months bank statements. Per the guidelines, the seller income calculation worksheet is required. Document in the file is incomplete - Due Diligence Vendor-05/02/2025 |
Ready for Review-Document Uploaded. Income updated on both 1003 and 1008. - Seller-05/22/2025 Ready for Review-Income was lower than what was on the 1003/1008. No adjustment needed. - Seller-05/16/2025 Ready for Review-Document Uploaded. Please see attached income calculator. - Seller-05/15/2025 Ready for Review-Document Uploaded. - Seller-05/09/2025 |
Resolved-Received lenders bank statement worksheets and revised 1008/1003. - Due Diligence Vendor-05/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 693, minimum required is 660. Qualifying DTI below maximum allowed - The calculated DTI is 3.8%, maximum allowed is 50%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4032039 | |
| XXXX | 2594471 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2025-05-02 15:35 | 2025-05-07 16:36 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Upon further review, VVOE is not a required document for the program. - Due Diligence Vendor-05/07/2025 Ready for Review-No VEO required on a bank statement loan. - Seller-05/06/2025 Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing the verification of employment dated within 10 days of the note date. - Due Diligence Vendor-05/02/2025 |
Ready for Review-No VEO required on a bank statement loan. - Seller-05/06/2025 |
Resolved-Upon further review, VVOE is not a required document for the program. - Due Diligence Vendor-05/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 693, minimum required is 660. Qualifying DTI below maximum allowed - The calculated DTI is 3.8%, maximum allowed is 50%. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4032036 | ||
| XXXX | 2750055 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2738346 | XXXX | B | B | A | A | B | B | A | A | Closed | FCOM5135 | 2025-05-01 22:00 | 2025-05-01 22:00 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-05/02/2025 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-05/02/2025 |
CLTV is less than guidelines maximum - Qualifying CLTV 66.72% is less than the guideline max of 80%. Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 700 credit score. Qualifying credit score is 726. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 4022989 | |||
| XXXX | 2824322 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2694124 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2487963 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2442326 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1509 | 2025-05-19 11:26 | 2025-06-02 14:01 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Note Document | Resolved-Received corrected Note. - Due Diligence Vendor-06/02/2025 Ready for Review-Uploaded - Seller-05/29/2025 Open-There are Issues Present on the Note that must be addressed. Borrower first name is misspelled, missing the "R" to match prelim title. - Due Diligence Vendor-05/19/2025 |
Ready for Review-Uploaded - Seller-05/29/2025 |
Resolved-Received corrected Note. - Due Diligence Vendor-06/02/2025 |
CLTV is less than guidelines maximum - The calculated CLTV is 45.40%, guideline maximum is 80%. Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 739, guideline minimum is 660. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4178793 | ||
| XXXX | 2442326 | XXXX | C | A | C | A | A | A | A | A | Closed | FCOM1221 | 2025-05-19 11:26 | 2025-06-02 13:57 | Resolved | 1 - Information | C | A | Credit | Closing | The Deed of Trust is Incomplete | Resolved-Received recorded, corrected DOT. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. - Seller-05/29/2025 Open-The Deed of Trust is Incomplete Borrower first name is misspelled, missing the "R" to match prelim title. - Due Diligence Vendor-05/19/2025 |
Ready for Review-Document Uploaded. - Seller-05/29/2025 |
Resolved-Received recorded, corrected DOT. - Due Diligence Vendor-06/02/2025 |
CLTV is less than guidelines maximum - The calculated CLTV is 45.40%, guideline maximum is 80%. Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 739, guideline minimum is 660. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4178784 | |
| XXXX | 2282531 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE5782 | 2025-05-22 10:04 | 2025-05-27 14:10 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Upon further review, the loan file contained all required credit documentation. - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. Please see attached - Seller-05/22/2025 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-05/22/2025 |
Ready for Review-Document Uploaded. Please see attached - Seller-05/22/2025 |
Resolved-Upon further review, the loan file contained all required credit documentation. - Due Diligence Vendor-05/27/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 706; minimum score 660. Qualifying DTI below maximum allowed - DTI 4.32% max 50%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4214072 | |
| XXXX | 2282531 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE1161 | 2025-05-22 09:56 | 2025-05-27 14:07 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Missing | Resolved-Received Flood Certification. - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. Please see attached - Seller-05/22/2025 Open-Missing Flood Certificate - Due Diligence Vendor-05/22/2025 |
Ready for Review-Document Uploaded. Please see attached - Seller-05/22/2025 |
Resolved-Received Flood Certification. - Due Diligence Vendor-05/27/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 706; minimum score 660. Qualifying DTI below maximum allowed - DTI 4.32% max 50%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4213959 | |
| XXXX | 2282531 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE1151 | 2025-05-22 09:41 | 2025-05-27 14:05 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Received acceptable chain of title. - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. The promissory note shows XXXX when they bought the property. The property profile shows XXXX and legal description on title shows XXXX. They have owned the property since XXXX. All of these satisfied. - Seller-05/23/2025 Open-Unsatisfactory Chain of Title provided. missing 24 months of chain of title to determine when subject was acquired as well. - Due Diligence Vendor-05/22/2025 |
Ready for Review-Document Uploaded. The promissory note shows 2019 when they bought the property. The property profile shows 2019 and legal description on title shows 2019. They have owned the property since 2019. All of these satisfied. - Seller-05/23/2025 |
Resolved-Received acceptable chain of title. - Due Diligence Vendor-05/27/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 706; minimum score 660. Qualifying DTI below maximum allowed - DTI 4.32% max 50%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4213769 | |
| XXXX | 2282531 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE7890 | 2025-05-22 10:46 | 2025-05-27 14:01 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Required Income Documentation for Bank Statement Program | Resolved-Received tax preparer confirmation borrower is 100% owner. - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. Please see attached CPA Letter. - Seller-05/22/2025 Open-Missing evidence that borrower is 100% owner of the business used to qualify using bank statements. - Due Diligence Vendor-05/22/2025 |
Ready for Review-Document Uploaded. Please see attached CPA Letter. - Seller-05/22/2025 |
Resolved-Received tax preparer confirmation borrower is 100% owner. - Due Diligence Vendor-05/27/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 706; minimum score 660. Qualifying DTI below maximum allowed - DTI 4.32% max 50%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4214731 | |
| XXXX | 2282531 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE1182 | 2025-05-22 10:12 | 2025-05-27 13:57 | Resolved | 1 - Information | B | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided | Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-05/22/2025 Open-Missing Approval/Underwriting Summary missing 1008 loan approval - Due Diligence Vendor-05/22/2025 |
Ready for Review-Document Uploaded. Please see attached. - Seller-05/22/2025 |
Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-05/27/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 706; minimum score 660. Qualifying DTI below maximum allowed - DTI 4.32% max 50%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4214170 | |
| XXXX | 2282531 | XXXX | D | B | D | A | B | B | A | A | Closed | FCOM5135 | 2025-05-16 12:23 | 2025-05-16 16:01 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-05/16/2025 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-05/16/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 706; minimum score 660. Qualifying DTI below maximum allowed - DTI 4.32% max 50%. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 4164970 | |||
| XXXX | 2804237 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1182 | 2025-05-20 03:14 | 2025-07-01 13:10 | Resolved | 1 - Information | B | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided | Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-07/01/2025 Resolved-Received 1008 - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. Please see attached - Seller-05/22/2025 Open-Missing Approval/Underwriting Summary Missing 1008 - Due Diligence Vendor-05/20/2025 |
Ready for Review-Document Uploaded. Please see attached - Seller-05/22/2025 |
Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-07/01/2025 Resolved-Received 1008 - Due Diligence Vendor-05/27/2025 |
Months Reserves exceed minimum required - 48 mths reserves; 0 mths required. Qualifying FICO score is at least 20 points above minimum for program - • Qualifying FICO 725; guidelines require 660 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4187919 | |
| XXXX | 2804237 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE2244 | 2025-05-19 22:23 | 2025-05-28 16:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property Does Not Meet Guidelines (credit) | Resolved-Upon further review, the loan file contained all required appraisal documentation. - Due Diligence Vendor-05/28/2025 Ready for Review-Can you please provide guideline text. We've looked through the guidelines and can't find anything that address appraisal transfers. - Seller-05/23/2025 Open-Property Issues are identified for the property Appraisal can not be transferred per guideline pg 33. - Due Diligence Vendor-05/20/2025 |
Ready for Review-Can you please provide guideline text. We've looked through the guidelines and can't find anything that address appraisal transfers. - Seller-05/23/2025 |
Resolved-Upon further review, the loan file contained all required appraisal documentation. - Due Diligence Vendor-05/28/2025 |
Months Reserves exceed minimum required - 48 mths reserves; 0 mths required. Qualifying FICO score is at least 20 points above minimum for program - • Qualifying FICO 725; guidelines require 660 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4186825 | ||
| XXXX | 2516829 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2178063 | XXXX | D | A | A | A | D | A | A | A | Closed | FCOM1262 | 2025-05-28 09:22 | 2025-05-29 11:31 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Right of Rescission is Missing | Resolved-Received Right of Rescission for borrower and non-borrower. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. hi please see attached - Seller-05/28/2025 Ready for Review-Document Uploaded. hi please see attached - Seller-05/28/2025 Open-Right of Rescission is Missing ----NEW----Provide executed ROR for both borrower and title holder. - Due Diligence Vendor-05/28/2025 |
Ready for Review-Document Uploaded. hi please see attached - Seller-05/28/2025 Ready for Review-Document Uploaded. hi please see attached - Seller-05/28/2025 |
Resolved-Received Right of Rescission for borrower and non-borrower. - Due Diligence Vendor-05/29/2025 |
CLTV is less than guidelines maximum - Qualifying CLTV 45.236 is less than the guideline max of 80. Qualifying DTI below maximum allowed - Qualifying DTI 40.35 is less than the guideline max of 50. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4254868 | |
| XXXX | 2178063 | XXXX | D | A | A | A | D | A | A | A | Closed | finding-47 | 2025-05-22 06:27 | 2025-05-28 09:24 | Resolved | 1 - Information | C | A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Received PCCD 5/27/25 with correct disbursement date. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. - Seller-05/27/2025 Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. -----Provide PCCD with disbursement date after the ROR expiration date. - Due Diligence Vendor-05/22/2025 |
Ready for Review-Document Uploaded. - Seller-05/27/2025 |
Resolved-Received PCCD XXXX with correct disbursement date. - Due Diligence Vendor-05/29/2025 |
CLTV is less than guidelines maximum - Qualifying CLTV 45.236 is less than the guideline max of 80. Qualifying DTI below maximum allowed - Qualifying DTI 40.35 is less than the guideline max of 50. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4212256 | |
| XXXX | 2178063 | XXXX | D | A | A | A | D | A | A | A | Closed | finding-3634 | 2025-05-22 06:27 | 2025-05-28 09:10 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Zero (0%) tolerance fees increased by XXXX (Appraisal Fee) without a valid COC in file. However there is a lender credit for fee's above legal limit in the amount of XXXX. Resolved. - Due Diligence Vendor-05/23/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Zero (0%) tolerance fees increased by XXXX (Appraisal Fee) without a valid COC in file. However there is a lender credit for fee's above legal limit in the amount of XXXX. Resolved. - Due Diligence Vendor-05/22/2025 |
Resolved-Zero (0%) tolerance fees increased by XXXX (Appraisal Fee) without a valid COC in file. However there is a lender credit for fee's above legal limit in the amount of XXXX. Resolved. - Due Diligence Vendor-05/23/2025 |
CLTV is less than guidelines maximum - Qualifying CLTV 45.236 is less than the guideline max of 80. Qualifying DTI below maximum allowed - Qualifying DTI 40.35 is less than the guideline max of 50. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4212255 | |||
| XXXX | 2843705 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 2718436 | XXXX | C | B | A | A | C | B | A | A | Closed | finding-3634 | 2025-06-02 16:47 | 2025-06-06 08:35 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Received business purpose rate quote, including discount points. - Due Diligence Vendor-06/06/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). - Due Diligence Vendor-06/06/2025 |
Resolved-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Received business purpose rate quote, including discount points. - Due Diligence Vendor-06/06/2025 |
CLTV is less than guidelines maximum - Qualifying CLTV 64.95 is less than the guideline max of 80. Qualifying DTI below maximum allowed - Qualifying DTI 37 is less than the guideline max of 50. |
XXXX | QM: Safe Harbor Verified (V SH) | QM: Safe Harbor Verified (V SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4305114 | ||
| XXXX | 2718436 | XXXX | C | B | A | A | C | B | A | A | Closed | FCOM5135 | 2025-06-02 16:25 | 2025-06-03 07:25 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-06/03/2025 | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-06/03/2025 |
CLTV is less than guidelines maximum - Qualifying CLTV 64.95 is less than the guideline max of 80. Qualifying DTI below maximum allowed - Qualifying DTI 37 is less than the guideline max of 50. |
QM: Safe Harbor Verified (V SH) | QM: Safe Harbor Verified (V SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 4304681 | |||
| XXXX | 2781015 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other |