| Loan ID | Seller Loan ID | Redaction 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 | XXXX | 257NQM0079 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0724 | C | A | C | A | A | A | A | A | Closed | FCRE7009 | 2024-10-31 12:58 | 2024-12-10 15:20 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-HOI with dwelling coverage provided. - Due Diligence Vendor-12/10/2024 Ready for Review-Document Uploaded. EOI, EOI receipt and RCE - Buyer-12/09/2024 Counter-Evidence of property insurance provided, however it does not disclose the dwelling coverage amount. - Due Diligence Vendor-11/06/2024 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-11/05/2024 Open-Insufficient Coverage Amount for Insured Subject Property. Declaration page does not reflect dwelling coverage. - Due Diligence Vendor-10/31/2024 |
Resolved-HOI with dwelling coverage provided. - Due Diligence Vendor-12/10/2024 |
Months Reserves exceed minimum required - 75 months PITIA reserves; 6 months reserves required. Qualifying DTI below maximum allowed - Qualifying DTI 35%; max permitted 45%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2722441 | ||
| XXXX | XXXX | 257NQM0862 | D | B | D | B | C | B | A | A | Closed | FCRE1193 | 2024-11-04 07:32 | 2025-01-07 10:21 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Received Invoices for large deposits. Audited DTI of 44.15% is less than or equal to Guideline DTI of 45% - Due Diligence Vendor-12/31/2024 Ready for Review-Document Uploaded. Doc Uploaded - Seller-12/30/2024 Open-Audited DTI of 47.69% exceeds Guideline DTI of 45% . Large deposits from business statements not excluded from the income calculation: DTI max is 45% for a borrower without a complete 12 months of housing payment history verified. - Due Diligence Vendor-11/04/2024 |
Ready for Review-Document Uploaded. Doc Uploaded - Seller-12/30/2024 |
Resolved-Received Invoices for large deposits. Audited DTI of 44.15% is less than or equal to Guideline DTI of 45% - Due Diligence Vendor-12/31/2024 |
Months Reserves exceed minimum required - 23.35 reserves with 6 months required. Qualifying FICO score is at least 20 points above minimum for program - 791 FICO with min 680 |
XXXX | ATR/QM: CDFI Lender Exempt | ATR/QM: CDFI Lender Exempt | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2734329 | |
| XXXX | XXXX | 257NQM0862 | D | B | D | B | C | B | A | A | Closed | FCRE1497 | 2024-11-04 07:25 | 2025-01-07 10:21 | Resolved | 1 - Information | C | A | Credit | QM-ATR | ATR: Reasonable Income or Assets Not Considered | Resolved-Received Invoices for large deposits. - Due Diligence Vendor-12/31/2024 Ready for Review-Document Uploaded. Doc Uploaded - Seller-12/30/2024 Open-ATR: Reasonable Income or Assets Not Considered Income disclosed on the initial signed application should be reviewed. If income calculated is significantly different than income stated on the 1003, the underwriter should request an explanation from the borrower to determine acceptability of the income. The initial 1003 reflects significantly higher monthly income than the final 1003. Missing checking account access letter for use of funds. Audited DTI of 47.69% exceeds Guideline DTI of 45%. Large deposits from business statements not excluded from the income calculation: XXXX on XXXX statement; XXXX on XXXX statement; XXXX on XXXX statement; XXXX, XXXX, XXXX on the XXXX statement; and a return of XXXX on the XXXX statement. Missing checking account access letter for use of funds. - Due Diligence Vendor-11/04/2024 |
Ready for Review-Document Uploaded. Doc Uploaded - Seller-12/30/2024 |
Resolved-Received Invoices for large deposits. - Due Diligence Vendor-12/31/2024 |
Months Reserves exceed minimum required - 23.35 reserves with 6 months required. Qualifying FICO score is at least 20 points above minimum for program - 791 FICO with min 680 |
XXXX | ATR/QM: CDFI Lender Exempt | ATR/QM: CDFI Lender Exempt | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2734306 | |
| XXXX | XXXX | 257NQM0862 | D | B | D | B | C | B | A | A | Closed | FCRE1491 | 2024-11-04 07:05 | 2025-01-03 07:36 | Resolved | 1 - Information | C | A | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Upon further review. Asset Qualification Meets Guideline Requirements. Verified Tax Preparer questionnaire #5 reflects that the withdrawal of funds for the transaction will not have a negative impact on the business. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. See #5 of under information related to borrower: Will the use of business funds impact the business: No - Seller-01/02/2025 Open-Asset Qualification Does Not Meet Guideline Requirements Missing access letter from the remaining owner of the borrower's business must be obtained. A letter from a CPA, Third-Party Tax Preparer (excluding PTIN tax preparers. PTIN preparers that work for a 3rd party firm may be permitted by exception only.) or the borrower must be obtained verifying that the withdrawal of funds for the transaction will not have a negative impact on the business. - Due Diligence Vendor-11/04/2024 |
Ready for Review-Document Uploaded. See #5 of under information related to borrower: Will the use of business funds impact the business: No - Seller-01/02/2025 |
Resolved-Upon further review. Asset Qualification Meets Guideline Requirements. Verified Tax Preparer questionnaire #5 reflects that the withdrawal of funds for the transaction will not have a negative impact on the business. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - 23.35 reserves with 6 months required. Qualifying FICO score is at least 20 points above minimum for program - 791 FICO with min 680 |
XXXX | ATR/QM: CDFI Lender Exempt | ATR/QM: CDFI Lender Exempt | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2734182 | |
| XXXX | XXXX | 257NQM0862 | D | B | D | B | C | B | A | A | Closed | FCRE1325 | 2024-11-01 15:27 | 2025-01-03 07:22 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Waived-Client requested waiver, applied to non material finding with reviewed comp factors. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. PTIN variance approval attached. PTIN verification was provided with the initial loan file, page 155. He did mark EA on our tax questionnaire form as well as PTIN – but he did not keep his EA designation current - Seller-01/02/2025 Counter-Tax preparer Questionnaire provided. Please provide the tax preparer verification., - Due Diligence Vendor-12/31/2024 Ready for Review-Document Uploaded. Doc Uploaded - Buyer-12/30/2024 Open-Borrower 1 CPA Letter Missing Missing CPA letter. There is a PTIN tax preparer letter in file that is not for the subject borrower. The lender must verify the borrower’s percentage of ownership. Acceptable forms of documentation that clearly state ownership percentage include a business license, a signed written statement from a CPA or a Third-Party Tax Preparer (excluding PTIN tax preparers. PTIN preparers that work for a 3rd party firm may be permitted by exception only.), an Operating Agreement, Articles of Incorporation/Articles of Organization, a Partnership Agreement, or a Business Certificate filed with a governmental agency. - Due Diligence Vendor-11/04/2024 |
Ready for Review-Document Uploaded. PTIN variance approval attached. PTIN verification was provided with the initial loan file, page 155. He did mark EA on our tax questionnaire form as well as PTIN – but he did not keep his EA designation current - Seller-01/02/2025 |
Waived-Client requested waiver, applied to non material finding with reviewed comp factors. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - 23.35 reserves with 6 months required. Qualifying FICO score is at least 20 points above minimum for program - 791 FICO with min 680 |
XXXX | ATR/QM: CDFI Lender Exempt | ATR/QM: CDFI Lender Exempt | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 2730611 | |
| XXXX | XXXX | 257NQM0862 | D | B | D | B | C | B | A | A | Closed | finding-3540 | 2024-10-31 11:30 | 2024-12-31 11:11 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test | Resolved-Upon further review no additional documentation is needed or required. - Due Diligence Vendor-12/31/2024 Ready for Review-Document Uploaded. The XXXX CD was a revised CD that does not require a new 3 day waiting period as the APR did not increase more than .125% The CIC due to a rate lock extension. Please see attached proof the redisclosed CD was mailed to the borrower via XXXX on XXXX - Seller-12/30/2024 Counter-Received CD issued XXXX & COC. Please provide borrower's acknowledgment of CD. Finding remains. - Due Diligence Vendor-11/06/2024 Ready for Review-Document Uploaded. COC and CDs 10/17 - Buyer-11/05/2024 Open-This loan failed the revised closing disclosure delivery date test (no waiting period required). ( 12 CFR §1026.19(f)(2)(i) )The revised closing disclosure delivery does not require a new waiting period and:The 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 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; or"In Person" and the revised closing disclosure delivery date is after 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 after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. -----Provide evidence of borrower receipt of revised CD dated XXXX. - Due Diligence Vendor-10/31/2024 |
Ready for Review-Document Uploaded. The XXXX CD was a revised CD that does not require a new 3 day waiting period as the APR did not increase more than .125% The CIC due to a rate lock extension. Please see attached proof the redisclosed CD was mailed to the borrower via XXXX on XXXX - Seller-12/30/2024 |
Resolved-Upon further review no additional documentation is needed or required. - Due Diligence Vendor-12/31/2024 |
Months Reserves exceed minimum required - 23.35 reserves with 6 months required. Qualifying FICO score is at least 20 points above minimum for program - 791 FICO with min 680 |
XXXX | ATR/QM: CDFI Lender Exempt | ATR/QM: CDFI Lender Exempt | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2721659 | |
| XXXX | XXXX | 257NQM0862 | D | B | D | B | C | B | A | A | Closed | FCOM5135 | 2024-10-31 10:53 | 2024-10-31 11:40 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-10/31/2024 | Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-10/31/2024 |
Months Reserves exceed minimum required - 23.35 reserves with 6 months required. Qualifying FICO score is at least 20 points above minimum for program - 791 FICO with min 680 |
ATR/QM: CDFI Lender Exempt | ATR/QM: CDFI Lender Exempt | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 2721172 | |||
| XXXX | XXXX | 257NQM0716 | D | A | D | A | A | A | A | A | Closed | FCRE1506 | 2024-11-11 13:20 | 2025-06-27 09:08 | 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-12/03/2024 Counter-PCCD provided reflecting 12 month County taxes of XXXX , Tax provided does not support this amount. Provide revised tax cert. - Due Diligence Vendor-11/21/2024 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-11/19/2024 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-11/12/2024 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. DTI is not in line. Lender did not hit the client for taxes on the subject property. - Due Diligence Vendor-11/11/2024 |
Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-11/12/2024 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-12/03/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower's FICO 817 / Minimum 660 LTV is less than guideline maximum - Borrower;s LTV 33.33 / Maximum 80% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2783723 | |
| XXXX | XXXX | 257NQM0716 | D | A | D | A | A | A | A | A | Closed | FCRE1507 | 2024-11-11 13:20 | 2025-06-27 09:08 | 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-12/03/2024 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-11/19/2024 Counter-Calculated total monthly income is XXXX, XXXX total combined monthly income, XXXX REO loss and XXXX monthly consumer debt. - Due Diligence Vendor-11/14/2024 Open-The Originator QM Status is not the same as the Final QM Status. DTI is not in line. Lender did not hit the client for taxes on the subject property. - Due Diligence Vendor-11/11/2024 |
Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-11/19/2024 |
Resolved-The Originator QM Status and Final QM Status are the same. - Due Diligence Vendor-12/03/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower's FICO 817 / Minimum 660 LTV is less than guideline maximum - Borrower;s LTV 33.33 / Maximum 80% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2783724 | |
| XXXX | XXXX | 257NQM0716 | D | A | D | A | A | A | A | A | Closed | FCRE1294 | 2024-11-11 12:49 | 2025-06-26 15:54 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income 3 Months Income Verified is Missing | Resolved-Documentation to support no mortgage provided. - Due Diligence Vendor-06/27/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-11/12/2024 Open-Income 3 Months Income Verified is Missing Missing evidence of the mortgage tied to 3A - Due Diligence Vendor-11/11/2024 |
Resolved-Documentation to support no mortgage provided. - Due Diligence Vendor-06/27/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower's FICO 817 / Minimum 660 LTV is less than guideline maximum - Borrower;s LTV 33.33 / Maximum 80% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2783361 | ||
| XXXX | XXXX | 257NQM0716 | D | A | D | A | A | A | A | A | Closed | FCRE1193 | 2024-11-11 13:24 | 2024-12-03 12:59 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Upon further review audited DTI is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-11/19/2024 Counter-Calculated total monthly income is XXXX, XXXX total combined monthly income, XXXX REO loss and XXXX monthly consumer debt. - Due Diligence Vendor-11/14/2024 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-11/12/2024 Open-Audited DTI of 86.05% exceeds Guideline DTI of 50% Lender did not count taxes against the client. Missing evidence of the other properties. - Due Diligence Vendor-11/11/2024 |
Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-11/12/2024 |
Resolved-Upon further review audited DTI is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-01/31/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower's FICO 817 / Minimum 660 LTV is less than guideline maximum - Borrower;s LTV 33.33 / Maximum 80% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2783758 | |
| XXXX | XXXX | 257NQM0716 | D | A | D | A | A | A | A | A | Closed | FCRE0070 | 2024-11-11 13:24 | 2024-12-03 12:59 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Received Approval/Underwriting Summary. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. 1008 - Seller-11/12/2024 Open-Missing Approval/Underwriting Summary Missing 1008 - Due Diligence Vendor-11/11/2024 |
Ready for Review-Document Uploaded. 1008 - Seller-11/12/2024 |
Resolved-Received Approval/Underwriting Summary. - Due Diligence Vendor-01/31/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower's FICO 817 / Minimum 660 LTV is less than guideline maximum - Borrower;s LTV 33.33 / Maximum 80% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2783759 | |
| XXXX | XXXX | 257NQM0716 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2024-11-14 12:39 | 2024-12-03 12:36 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received Tax/HOA. - Due Diligence Vendor-01/31/2025 Counter-Attached documentation does not reflect HOA amount . Finding remains. - Due Diligence Vendor-11/26/2024 Ready for Review-Document Uploaded. Property Profile - XXXX - Buyer-11/25/2024 Counter-Attached is not HOA documentation - Due Diligence Vendor-11/21/2024 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-11/19/2024 Open-*New* - Missing HOA verification for XXXX. - Due Diligence Vendor-11/14/2024 |
Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-11/19/2024 |
Resolved-Received Tax/HOA. - Due Diligence Vendor-01/31/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower's FICO 817 / Minimum 660 LTV is less than guideline maximum - Borrower;s LTV 33.33 / Maximum 80% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2811849 | |
| XXXX | XXXX | 257NQM0716 | D | A | D | A | A | A | A | A | Closed | FCRE1152 | 2024-11-11 12:31 | 2024-12-03 12:35 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Received updated taxes. - Due Diligence Vendor-01/31/2025 Counter-PCCD provided reflecting 12 month County taxes of XXXX , Tax provided does not support this amount. Provide revised tax cert. - Due Diligence Vendor-11/21/2024 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-11/19/2024 Counter-PCCD provided reflecting 12 month County taxes of XXXX, however the documented amount is XXXX. Please provide the tax calculation used for qualification. - Due Diligence Vendor-11/14/2024 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-11/12/2024 Open-Missing Evidence of Property Tax Missing evidence of the document used to determine taxes - Tax bill does not match the figure used at closing on CD - CD Reflects six months of taxes collected at XXXX should have reflected 12 mo - Due Diligence Vendor-11/11/2024 |
Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-11/19/2024 |
Resolved-Received updated taxes. - Due Diligence Vendor-01/31/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower's FICO 817 / Minimum 660 LTV is less than guideline maximum - Borrower;s LTV 33.33 / Maximum 80% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2783147 | |
| XXXX | XXXX | 257NQM0716 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2024-11-11 12:56 | 2024-12-03 12:26 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received documentation to support Housing History and meets Guideline requirements. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-11/12/2024 Open-Housing History Does Not Meet Guideline Requirements Missing evidence of the mortgage tied to SOR A - MISSING EVIDENCE SOR B is owned free and clear - Due Diligence Vendor-11/11/2024 |
Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-11/12/2024 |
Resolved-Received documentation to support Housing History and meets Guideline requirements. - Due Diligence Vendor-01/31/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower's FICO 817 / Minimum 660 LTV is less than guideline maximum - Borrower;s LTV 33.33 / Maximum 80% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2783432 | |
| XXXX | XXXX | 257NQM0716 | D | A | D | A | A | A | A | A | Closed | FCRE1181 | 2024-11-11 12:12 | 2024-11-14 12:53 | Resolved | 1 - Information | C | A | Credit | Insurance | Subject loan is in Flood Zone and Notice of Special Flood Hazard Disclosure Not Completed | Resolved-Notice of special Flood provided. - Due Diligence Vendor-11/14/2024 Ready for Review-Document Uploaded. Flood Disclosure - Buyer-11/12/2024 Open-Subject Property is in Flood Zone XXXX but Notice of Special Flood Hazard Disclosure was not provided Missing signed flood. - Due Diligence Vendor-11/11/2024 |
Resolved-Notice of special Flood provided. - Due Diligence Vendor-11/14/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower's FICO 817 / Minimum 660 LTV is less than guideline maximum - Borrower;s LTV 33.33 / Maximum 80% |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2782859 | ||
| XXXX | XXXX | 257NQM0748 | C | A | C | A | A | A | A | A | Closed | FCRE1317 | 2024-11-14 10:27 | 2024-12-03 13:12 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Borrower 1 Total Years Employment Verified is Less Than 24 Months | Resolved-Borrower 1 Total Years Employment Verified is Greater Than or Equal To 24 Months or Not Applicable (Borrower 1 Employment Status is Employed) - 2 years work history was verified in the file and meets the guideline requirements. - Due Diligence Vendor-12/03/2024 Ready for Review-Document Uploaded. UW notes on 1008 reflecting same line of work less 2 years employment and Less than 2 years employment guidelines - Buyer-12/02/2024 Counter-Document provide to show borrower been employed for < than 2 years. Guidelines require a minimum of 2 year history for S/E borrowers. Provide a lender exception to due t history does not adhere to guideline requirements. - Due Diligence Vendor-11/26/2024 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-11/22/2024 Open-Borrower 1 Total Years Employment Verified is Less Than 24 Months B1 self employed less than 24 months. CPA letter states July 2023 as inception of business. - Due Diligence Vendor-11/14/2024 |
Resolved-Borrower 1 Total Years Employment Verified is Greater Than or Equal To 24 Months or Not Applicable (Borrower 1 Employment Status is Employed) - 2 years work history was verified in the file and meets the guideline requirements. - Due Diligence Vendor-12/03/2024 |
Qualifying FICO score is at least 20 points above minimum for program - 812 fico. 660 minimum. Months Reserves exceed minimum required - 106 months reserves. 3 required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2809720 | ||
| XXXX | XXXX | 257NQM0740 | D | A | D | A | A | A | A | A | Closed | FCRE8611 | 2024-11-22 12:34 | 2024-12-12 12:35 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income/Employment General | Resolved-Attestation provided. - Due Diligence Vendor-12/12/2024 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-12/10/2024 Counter-Provide LOE- regarding Non-borrowing spouse on account; all parties must attest that income used belongs to Borrower. - Due Diligence Vendor-12/03/2024 Ready for Review-Document Uploaded. credit-refresh - Buyer-12/02/2024 Counter-Rec'd bank stmt worksheet; still missing attestation: Non-borrowing spouse on account; all parties must attest that income used belongs to Borrower. - Due Diligence Vendor-11/27/2024 Ready for Review-Document Uploaded. Income worksheet completed Emporium Fulfillment - Buyer-11/26/2024 Open-Assets for personal checking account are co-mingled with the non-borrowing spouse. Letter provided stating all deposits belong to borrower. Per guidelines, expense ratio can be 10%only if there is evidence the account is not co-mingled. - Due Diligence Vendor-11/22/2024 |
Resolved-Attestation provided. - Due Diligence Vendor-12/12/2024 |
Qualifying FICO score is at least 20 points above minimum for program - 788 Qualifying FICO score is at least 20 points above minimum for program of 720 Months Reserves exceed minimum required - 15.13 Months Reserves exceed minimum required of 3 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2867564 | ||
| XXXX | XXXX | 257NQM0740 | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2024-11-22 12:08 | 2024-12-03 12:53 | 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 Provided - Due Diligence Vendor-12/03/2024 Ready for Review-Document Uploaded. VOE - Buyer-12/02/2024 Open-Borrower 1 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-11/22/2024 |
Resolved-Borrower 1 3rd Party VOE Prior to Close Provided - Due Diligence Vendor-12/03/2024 |
Qualifying FICO score is at least 20 points above minimum for program - 788 Qualifying FICO score is at least 20 points above minimum for program of 720 Months Reserves exceed minimum required - 15.13 Months Reserves exceed minimum required of 3 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2867166 | ||
| XXXX | XXXX | 257NQM0771 | C | A | C | A | A | A | C | A | Closed | FPRO1136 | 2024-11-22 11:55 | 2025-01-31 14:12 | Resolved | 1 - Information | C | A | Property | Appraisal | Subject property appraisal is not on an as-is basis (Primary Value) | Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully or partially present, or Not Applicable - 1004D provided. - Due Diligence Vendor-12/04/2024 Ready for Review-Document Uploaded. final inspection - Buyer-12/03/2024 Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not Present Missing Appraisal Update for Appraiser being able to access room in basement. - Due Diligence Vendor-11/22/2024 |
Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully or partially present, or Not Applicable - 1004D provided. - Due Diligence Vendor-12/04/2024 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Minimum DSCR is 0.80; qualifying DSCR is 1.14. Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 13.77 months. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 2866969 | ||
| XXXX | XXXX | 257NQM0771 | C | A | C | A | A | A | C | A | Closed | FCRE0969 | 2024-11-22 10:18 | 2024-12-16 11:34 | Resolved | 1 - Information | C | A | Credit | Closing | Prepayment Penalty Issue | Resolved-After further review, the PPP addendum to note was provided, the Security instrument already has the verbiage in there as it states "Any prepayment charges" in the definition of the loan and tied back to the note addendum. Condition resolved. - Due Diligence Vendor-12/16/2024 Counter-Addendum to the Note provided. Please provide the Prepayment Penalty Rider. - Due Diligence Vendor-12/04/2024 Ready for Review-Document Uploaded. PP Rider - Buyer-12/04/2024 Open-Missing PPP Rider (only add. on file) - Due Diligence Vendor-11/22/2024 |
Resolved-After further review, the PPP addendum to note was provided, the Security instrument already has the verbiage in there as it states "Any prepayment charges" in the definition of the loan and tied back to the note addendum. Condition resolved. - Due Diligence Vendor-12/16/2024 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Minimum DSCR is 0.80; qualifying DSCR is 1.14. Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 13.77 months. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 2865429 | ||
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FCRE1194 | 2024-12-05 12:29 | 2025-01-31 09:40 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Audited LTV of 80% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-01/31/2025 Open-Audited LTV of 80% exceeds Guideline LTV of 75% - Due Diligence Vendor-12/05/2024 |
Resolved-Audited LTV of 80% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2940286 | |||
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FCRE1196 | 2024-12-05 12:29 | 2025-01-31 09:40 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited HCLTV Exceeds Guideline HCLTV | Resolved-Upon further review, audited HCLTV of 80% is less than or equal to Guideline HCLTV of 80% - Due Diligence Vendor-01/31/2025 Open-Audited HLTV of 80% exceeds Guideline HCLTV of 75% - Due Diligence Vendor-12/05/2024 |
Resolved-Upon further review, audited HCLTV of 80% is less than or equal to Guideline HCLTV of 80% - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2940285 | |||
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FCRE1195 | 2024-12-05 12:29 | 2025-01-31 09:40 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited CLTV Exceeds Guideline CLTV | Resolved-Upon further review, Audited CLTV of 80% is less than or equal to Guideline CLTV of 80% - Due Diligence Vendor-01/31/2025 Open-Audited CLTV of 80% exceeds Guideline CLTV of 75% - Due Diligence Vendor-12/05/2024 |
Resolved-Upon further review, Audited CLTV of 80% is less than or equal to Guideline CLTV of 80% - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2940284 | |||
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FCRE0070 | 2024-11-25 07:00 | 2025-01-31 09:40 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Received Approval/Underwriting Summary. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Underwriting approval - Buyer-11/27/2024 Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-11/25/2024 |
Resolved-Received Approval/Underwriting Summary. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2874664 | ||
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FCRE1201 | 2024-11-25 06:53 | 2024-12-10 13:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-12/10/2024 Ready for Review-Document Uploaded. Fraud - All pages - Seller-12/06/2024 Counter-Missing all pages of the Fraud Report, - Due Diligence Vendor-12/05/2024 Ready for Review-Document Uploaded. Fraud - Buyer-12/04/2024 Open-Missing Third Party Fraud Report - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. Fraud - All pages - Seller-12/06/2024 |
Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-12/10/2024 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2874616 | |
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FCRE1205 | 2024-12-05 12:27 | 2024-12-10 13:46 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-12/10/2024 Ready for Review-Document Uploaded. OFAC for UW - Seller-12/06/2024 Open-OFAC Check Not Completed and/or Cleared for the Underwriter. - Due Diligence Vendor-12/05/2024 |
Ready for Review-Document Uploaded. OFAC for UW - Seller-12/06/2024 |
Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-12/10/2024 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2940255 | |
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FPRO0009 | 2024-11-25 06:55 | 2024-12-05 12:41 | Resolved | 1 - Information | C | A | Property | Property | Missing documentation of warrantability | Resolved-Upon further review documentation of warrantability is not applicable. - Due Diligence Vendor-01/31/2025 Open-Missing documentation of warrantability. - Due Diligence Vendor-11/25/2024 |
Resolved-Upon further review documentation of warrantability is not applicable. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2874630 | |||
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FCRE0043 | 2024-11-25 06:55 | 2024-12-05 12:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR Calculation. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. DSCR calc - Buyer-11/26/2024 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-11/25/2024 |
Resolved-Received DSCR Calculation. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2874629 | ||
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FCRE1232 | 2024-11-25 06:56 | 2024-12-05 12:29 | Resolved | 1 - Information | C | A | Credit | Eligibility | Calculated DSCR does not meet the Minimum DSCR allowed | Resolved-Received DSCR calc. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. DSCR calc - Buyer-11/26/2024 Open-The Calculated DSCR of '0' is less than the minimum DSCR per lender guidelines of '0.01'. - Due Diligence Vendor-11/25/2024 |
Resolved-Received DSCR calc. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2874636 | ||
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FCRE1133 | 2024-11-27 13:15 | 2024-12-03 12:43 | Resolved | 1 - Information | B | A | Credit | Eligibility | Purchase Contract Expiration Date is prior to Note Date | Resolved-Per CD loan closed on Note date. - Due Diligence Vendor-12/03/2024 Ready for Review-Please investor waive this condition. eRESI does not require contract through Note date, a signed final CD, ALTA or HUD is an extension of the contract. - Seller-12/02/2024 Open-Purchase Contract Expiration Date of 10-20-2024 is prior to Note Date of XXXX-all names and signatures verified - Due Diligence Vendor-11/27/2024 |
Ready for Review-Please investor waive this condition. XXXX does not require contract through Note date, a signed final CD, ALTA or HUD is an extension of the contract. - Seller-12/02/2024 |
Resolved-Per CD loan closed on Note date. - Due Diligence Vendor-12/03/2024 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2897479 | ||
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FPRO1242 | 2024-11-25 06:48 | 2024-12-03 12:42 | Resolved | 1 - Information | D | A | Property | Missing Doc | Appraisal is Missing | Resolved-Received Appraisal. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Appraisal & SSRs - Seller-11/27/2024 Open-Appraisal is Missing Appraisal is missing. - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. Appraisal & SSRs - Seller-11/27/2024 |
Resolved-Received Appraisal. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2874580 | |
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FPRO1253 | 2024-11-25 06:48 | 2024-12-03 12:42 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Received Additional valuation product. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. SSRs included in attached - Seller-11/27/2024 Open-Additional valuation product has not been provided. Missing 2nd valuation product - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. SSRs included in attached - Seller-11/27/2024 |
Resolved-Received Additional valuation product. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2874582 | |
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FCRE1241 | 2024-11-25 06:48 | 2024-12-03 12:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Purchase Contract is Missing | Resolved-Received purchase contract. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Purchase Contract - Seller-11/27/2024 Open-Loan Purpose is Purchase but Purchase Contract is Missing. Purchase Contract missing. - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. Purchase Contract - Seller-11/27/2024 |
Resolved-Received purchase contract. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2874581 | |
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FCRE0970 | 2024-11-27 13:16 | 2024-12-03 12:40 | Resolved | 1 - Information | C | A | Credit | Eligibility | Appraisal has issues (credit) | Resolved-Revised Appraisal provided. - Due Diligence Vendor-12/03/2024 Ready for Review-Document Uploaded. Full pages of appraisal visible in the attached - Buyer-12/02/2024 Open-Appraisal provided is cut off at the bottom of each page (subject to/as is & final value are not visible). Missing complete appraisal. - Due Diligence Vendor-11/27/2024 |
Resolved-Revised Appraisal provided. - Due Diligence Vendor-12/03/2024 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2897496 | ||
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FCRE5770 | 2024-11-25 06:52 | 2024-12-03 12:37 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Credit Report is Missing | Resolved-Borrower 1 Credit Report provided. - Due Diligence Vendor-12/03/2024 Ready for Review-Document Uploaded. credit report included in attached - Buyer-12/02/2024 Open-Borrower 1 Credit Report is Missing. Missing Credit report. Only Cr supplement in file. - Due Diligence Vendor-11/25/2024 |
Resolved-Borrower 1 Credit Report provided. - Due Diligence Vendor-12/03/2024 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2874609 | ||
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FCRE9501 | 2024-11-25 06:54 | 2024-12-03 12:36 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received asset doc/ bank statements. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Asset documentation - Seller-11/26/2024 Open-Total Qualified Assets Post-Close amount is XXXX. Assets are Insufficient. Missing Assets - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. Asset documentation - Seller-11/26/2024 |
Resolved-Received asset doc/ bank statements. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2874619 | |
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FCRE1467 | 2024-11-25 11:59 | 2024-12-03 12:36 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Asset 1 Missing | Resolved-Received asset doc/ bank statements. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Asset documentation - Seller-11/26/2024 Open-Asset 1 Missing - Due Diligence Vendor-11/25/2024 |
Ready for Review-Document Uploaded. Asset documentation - Seller-11/26/2024 |
Resolved-Received asset doc/ bank statements. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2877494 | |
| XXXX | XXXX | 257NQM0729 | D | A | D | A | A | A | D | A | Closed | FCRE1491 | 2024-11-25 06:54 | 2024-12-03 12:36 | Resolved | 1 - Information | C | A | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Received asset doc/ bank statements. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Asset documentation - Buyer-11/26/2024 Open-Asset Qualification Does Not Meet Guideline Requirements Missing Assets - Due Diligence Vendor-11/25/2024 |
Resolved-Received asset doc/ bank statements. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Months Reserves 8 exceed minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 725; minimum required 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2874618 | ||
| XXXX | XXXX | 257NQM0746 | 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 | XXXX | 257NQM0741 | C | B | C | B | A | A | C | A | Closed | FCRE1108 | 2024-11-26 11:07 | 2024-12-06 13:26 | Resolved | 1 - Information | C | A | Credit | Closing | Calculated Initial Payment and Initial Principal and Interest Payment do not match | Resolved-Upon further review Calculated Initial P&I Payment Amount matches Initial Payment Amount or is within XXXX variance. - Due Diligence Vendor-01/31/2025 Open-Calculated Initial P&I Payment Amount does not match Initial P&I Payment Amount (Variance exceeds XXXX) Cannot change at Credit UW level. Payment entered incorrectly and field greyed out - Due Diligence Vendor-11/26/2024 |
Resolved-Upon further review Calculated Initial P&I Payment Amount matches Initial Payment Amount or is within XXXX variance. - Due Diligence Vendor-01/31/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum 700, actual 761 LTV is less than guideline maximum - Max 80%, actual 79.31% Months Reserves exceed minimum required - Minimum 3 months, actual 100.68 months |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2886442 | |||
| XXXX | XXXX | 257NQM0741 | C | B | C | B | A | A | C | A | Closed | FCRE8701 | 2024-11-26 14:11 | 2024-12-04 12:33 | Waived | 2 - Non-Material | C | B | Credit | Borrower | Business Entity Formation Document is Missing | Waived-Client provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-12/04/2024 Ready for Review-Document Uploaded. Exception request and approval - Buyer-12/04/2024 Counter-Entity documentation provided . Provide an approved lender exception from XXXX to allow vesting as XXXX but still the Articles of Incorporation and EIN is in XXXX. - Due Diligence Vendor-12/02/2024 Ready for Review-Document Uploaded. LLC Clarification - Buyer-11/27/2024 Open-The Business Entity Formation Document is Missing Note, Mortgage and title all vested in business name - Due Diligence Vendor-11/26/2024 |
Waived-Client provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-12/04/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum 700, actual 761 LTV is less than guideline maximum - Max 80%, actual 79.31% Months Reserves exceed minimum required - Minimum 3 months, actual 100.68 months |
761 FICO > 700 minimum required 100.68 months reserves |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 2889012 | |
| XXXX | XXXX | 257NQM0741 | C | B | C | B | A | A | C | A | Closed | FPRO0013 | 2024-11-26 14:23 | 2024-12-04 12:29 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared within 120 days of Note | Resolved-PDI provided. No damage. - Due Diligence Vendor-12/04/2024 Ready for Review-Document Uploaded. PDI - Buyer-12/03/2024 Open-No PDI in loan file. Appraisal completed XXXX - Due Diligence Vendor-11/26/2024 |
Resolved-PDI provided. No damage. - Due Diligence Vendor-12/04/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum 700, actual 761 LTV is less than guideline maximum - Max 80%, actual 79.31% Months Reserves exceed minimum required - Minimum 3 months, actual 100.68 months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2889248 | ||
| XXXX | XXXX | 257NQM0747 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0709 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 257NQM0728 | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2024-12-02 13:12 | 2024-12-11 07:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Business Purpose Affidavit provided. - Due Diligence Vendor-12/11/2024 Counter-Occupancy Affidavit provided. Please provide the Business Purpose Affidavit. - Due Diligence Vendor-12/10/2024 Ready for Review-Document Uploaded. Affidavit of Occupancy - Buyer-12/06/2024 Open-The Business Purpose Affidavit Disclosure is Missing Verified only unsigned copy in file - Due Diligence Vendor-12/02/2024 |
Resolved-Business Purpose Affidavit provided. - Due Diligence Vendor-12/11/2024 |
Months Reserves exceed minimum required - Client has over 30 months in reserves Qualifying FICO score is at least 20 points above minimum for program - Client qualified with a 724 Fico |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 2908575 | ||
| XXXX | XXXX | 257NQM0743 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0776 | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-12-05 18:41 | 2024-12-13 15:59 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/13/2024 Ready for Review-Document Uploaded. Credit refresh - Buyer-12/12/2024 Open-Borrower 1 Gap Credit Report is Missing Missing Gap Credit Report. - Due Diligence Vendor-12/05/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/13/2024 |
Qualifying FICO score is at least 20 points above minimum for program - 739 fico. 700 minimum. Months Reserves exceed minimum required - 15 months reserves. 6 required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2944861 | ||
| XXXX | XXXX | 257NQM0776 | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2024-12-05 17:59 | 2024-12-13 15:57 | 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 - VVOE provided. - Due Diligence Vendor-12/13/2024 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-12/12/2024 Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing VVOE. - Due Diligence Vendor-12/05/2024 |
Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - VVOE provided. - Due Diligence Vendor-12/13/2024 |
Qualifying FICO score is at least 20 points above minimum for program - 739 fico. 700 minimum. Months Reserves exceed minimum required - 15 months reserves. 6 required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2944686 | ||
| XXXX | XXXX | 257NQM0776 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2024-12-05 19:33 | 2024-12-13 15:54 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-HOA verification provided. - Due Diligence Vendor-12/13/2024 Ready for Review-Document Uploaded. HOA LOE page 3 - Buyer-12/12/2024 Open-Document HOA dues "if any" for B1 primary residence. Additional conditions may apply. - Due Diligence Vendor-12/06/2024 |
Resolved-HOA verification provided. - Due Diligence Vendor-12/13/2024 |
Qualifying FICO score is at least 20 points above minimum for program - 739 fico. 700 minimum. Months Reserves exceed minimum required - 15 months reserves. 6 required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2945081 | ||
| XXXX | XXXX | 257NQM0785 | D | B | D | A | B | B | A | A | Closed | FCRE5782 | 2024-12-09 10:28 | 2024-12-16 12:06 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Gap report provided for both borrowers. - Due Diligence Vendor-12/16/2024 Ready for Review-Document Uploaded. Credit Report - Buyer-12/12/2024 Open-Borrower 1 Gap Credit Report is Missing Missing GAP Credit Report for B1 and B2 - Due Diligence Vendor-12/09/2024 |
Resolved-Gap report provided for both borrowers. - Due Diligence Vendor-12/16/2024 |
Months Reserves exceed minimum required - Borrower has 15 mo reserves - 2 required. Qualifying FICO score is at least 20 points above minimum for program - Borrowe rhas a 789 score - 700 required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | N/A | N/A | 2960286 | ||
| XXXX | XXXX | 257NQM0785 | D | B | D | A | B | B | A | A | Closed | FCOM1301 | 2024-12-09 07:26 | 2024-12-09 07:26 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Home Loan Toolkit is Missing | Waived-The Home Loan Toolkit disclosure is missing. -----Client waiver applied to non-material Findings. - Due Diligence Vendor-12/09/2024 | Waived-The Home Loan Toolkit disclosure is missing. -----Client waiver applied to non-material Findings. - Due Diligence Vendor-12/09/2024 |
Months Reserves exceed minimum required - Borrower has 15 mo reserves - 2 required. Qualifying FICO score is at least 20 points above minimum for program - Borrowe rhas a 789 score - 700 required. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | Investor Post-Close | No | 2958607 | |||
| XXXX | XXXX | 257NQM0722 | D | A | D | A | C | A | A | A | Closed | FCRE5783 | 2024-12-04 16:11 | 2024-12-06 15:45 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Gap Credit Report is Missing | Resolved-Borrower 2 Gap Credit Report provided. - Due Diligence Vendor-12/06/2024 Ready for Review-Document Uploaded. - Seller-12/05/2024 Open-Borrower 2 Gap Credit Report is Missing - Due Diligence Vendor-12/04/2024 |
Ready for Review-Document Uploaded. - Seller-12/05/2024 |
Resolved-Borrower 2 Gap Credit Report provided. - Due Diligence Vendor-12/06/2024 |
Months Reserves exceed minimum required - Reserves = 121 months – Required Reserves = 6 Months Qualifying FICO score is at least 20 points above minimum for program - FICO = 766 Min FICO = 720 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2932297 | |
| XXXX | XXXX | 257NQM0722 | D | A | D | A | C | A | A | A | Closed | finding-3634 | 2024-12-04 12:00 | 2024-12-06 07:06 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received COC - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. - Seller-12/05/2024 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 for 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. Statue of limitations - three years; Expiration date: XXXX. Additional findings may apply upon receipt. - Due Diligence Vendor-12/04/2024 |
Ready for Review-Document Uploaded. - Seller-12/05/2024 |
Resolved-Received COC - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Reserves = 121 months – Required Reserves = 6 Months Qualifying FICO score is at least 20 points above minimum for program - FICO = 766 Min FICO = 720 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2929310 | |
| XXXX | XXXX | 257NQM0768 | C | A | A | A | C | A | A | A | Closed | finding-3652 | 2024-12-04 10:47 | 2024-12-16 09:37 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received rate extension COC dated XXXX. COC is valid for decrease in lender credits. - Due Diligence Vendor-12/16/2024 Ready for Review-Document Uploaded. PCCD (other doc uploaded was a corrupt file) - Buyer-12/12/2024 Counter-Lender credit decreased from XXXX to XXXX without a valid COC in file. COC provided does not support this decrease. Please 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. Finding remains. - Due Diligence Vendor-12/12/2024 Ready for Review-Document Uploaded. COC - Buyer-12/11/2024 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. (XXXX) - Due Diligence Vendor-12/04/2024 |
Resolved-Received rate extension COC dated XXXX. COC is valid for decrease in lender credits. - Due Diligence Vendor-12/16/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower has a 775 FICO - 700 Minimum Months Reserves exceed minimum required - Borrower has 86 months reserves - 3 required. |
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 | 2927727 | ||
| XXXX | XXXX | 257NQM0768 | C | A | A | A | C | A | A | A | Closed | finding-3634 | 2024-12-04 10:47 | 2024-12-12 07:10 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received COC. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. COC - Buyer-12/11/2024 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 (XXXX) tolerance fees increased by XXXX(Mortgage Broker 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. (XXXX) - Due Diligence Vendor-12/04/2024 |
Resolved-Received COC. - Due Diligence Vendor-01/31/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower has a 775 FICO - 700 Minimum Months Reserves exceed minimum required - Borrower has 86 months reserves - 3 required. |
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 | 2927730 | ||
| XXXX | XXXX | 257NQM0834 | D | A | D | A | A | A | C | A | Closed | FCRE1241 | 2024-12-05 15:32 | 2024-12-27 15:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Purchase Contract is Missing | Resolved--Contract received; finding resolved - Due Diligence Vendor-12/13/2024 Ready for Review-Document Uploaded. Purchase Contract - Buyer-12/12/2024 Open-Loan Purpose is Purchase but Purchase Contract is Missing. MIssing Sales Contract - Due Diligence Vendor-12/05/2024 |
Resolved--Contract received; finding resolved - Due Diligence Vendor-12/13/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower has 799 FICO - 680 Minimum Months Reserves exceed minimum required - Borrower has 9 months reserves - six are required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | N/A | N/A | 2943192 | ||
| XXXX | XXXX | 257NQM0834 | D | A | D | A | A | A | C | A | Closed | FVAL1039 | 2024-12-05 16:30 | 2024-12-27 15:38 | Resolved | 1 - Information | C | A | Property | Value | Appraised value unsupported | Resolved-Received Desk Review supporting the appraised value. - Due Diligence Vendor-12/27/2024 Ready for Review-Document Uploaded. Copy of Desk Review and Invoice - Buyer-12/26/2024 Open-A Desk Review is required from an approved vendor (CU and LCA scores both above 2.5 and AVM confidence score is under 90%). Additional conditions may apply - Due Diligence Vendor-12/05/2024 |
Resolved-Received Desk Review supporting the appraised value. - Due Diligence Vendor-12/27/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower has 799 FICO - 680 Minimum Months Reserves exceed minimum required - Borrower has 9 months reserves - six are required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | N/A | N/A | 2943979 | ||
| XXXX | XXXX | 257NQM0834 | D | A | D | A | A | A | C | A | Closed | FCRE7806 | 2024-12-05 15:50 | 2024-12-13 12:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Bank Statement Summary/Lender Worksheet is Missing | Resolved--Received bank stmt income worksheet in trailing docs; finding resolved. - Due Diligence Vendor-12/13/2024 Ready for Review-Document Uploaded. Bank Stmt Summary Income Worksheet - Buyer-12/12/2024 Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing - Due Diligence Vendor-12/05/2024 |
Resolved--Received bank stmt income worksheet in trailing docs; finding resolved. - Due Diligence Vendor-12/13/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Borrower has 799 FICO - 680 Minimum Months Reserves exceed minimum required - Borrower has 9 months reserves - six are required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | N/A | N/A | 2943477 | ||
| XXXX | XXXX | 257NQM0723 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0801 | D | A | D | A | D | A | D | A | Closed | FCRE8887 | 2025-01-31 09:23 | 2025-01-31 09:23 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-The Initial 1003 received - Due Diligence Vendor-01/31/2025 Open-Missing initial 1003 - Due Diligence Vendor-01/31/2025 |
Resolved-The Initial 1003 received - Due Diligence Vendor-01/31/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 17.92%; Max permitted 50%. LTV is less than guideline maximum - LTV 46.84%; Max 80%. Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score 717; Minimum required 660. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3325257 | |||
| XXXX | XXXX | 257NQM0801 | D | A | D | A | D | A | D | A | Closed | FPRO1253 | 2024-12-09 18:26 | 2024-12-19 11:43 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-SSR with a CU score of 1.8 provided. - Due Diligence Vendor-12/19/2024 Ready for Review-Document Uploaded. Please see the attached SSR with 1.8 CU score. - Seller-12/17/2024 Counter-Appraisal provided. Please provide the Secondary Valuation. - Due Diligence Vendor-12/12/2024 Ready for Review-Document Uploaded. Secondary Valuation or Additional Valuation - Buyer-12/10/2024 Open-Additional valuation product has not been provided. Missing secondary / additional valuation product to support appraised value. - Due Diligence Vendor-12/09/2024 |
Ready for Review-Document Uploaded. Please see the attached SSR with 1.8 CU score. - Seller-12/17/2024 |
Resolved-SSR with a CU score of 1.8 provided. - Due Diligence Vendor-12/19/2024 |
Qualifying DTI below maximum allowed - Qualifying DTI 17.92%; Max permitted 50%. LTV is less than guideline maximum - LTV 46.84%; Max 80%. Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score 717; 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 | No Cash Out - Borrower Initiated | N/A | N/A | 2967238 | |
| XXXX | XXXX | 257NQM0801 | D | A | D | A | D | A | D | A | Closed | FCRE1201 | 2024-12-09 18:55 | 2024-12-16 13:37 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Third Party Fraud Report provided - Due Diligence Vendor-12/16/2024 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-12/12/2024 Counter-Fraud Report provided, however there uncleared high alerts. Finding remains. - Due Diligence Vendor-12/12/2024 Ready for Review-Document Uploaded. Third Party Fraud Report - Buyer-12/10/2024 Open-Missing Third Party Fraud Report - Due Diligence Vendor-12/09/2024 |
Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-12/12/2024 |
Resolved-Third Party Fraud Report provided - Due Diligence Vendor-12/16/2024 |
Qualifying DTI below maximum allowed - Qualifying DTI 17.92%; Max permitted 50%. LTV is less than guideline maximum - LTV 46.84%; Max 80%. Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score 717; 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 | No Cash Out - Borrower Initiated | N/A | N/A | 2967373 | |
| XXXX | XXXX | 257NQM0801 | D | A | D | A | D | A | D | A | Closed | FCOM1266 | 2024-12-05 08:21 | 2024-12-16 07:03 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Homeownership Counseling Disclosure Is Missing | Resolved-Received Homeownership Counseling Disclosure. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-12/12/2024 Ready for Review-Document Uploaded. Homeownership Counseling Disclosure - Seller-12/10/2024 Open-Homeownership Counseling Disclosure Is Missing -----Missing Homeowner Counseling Disclosure provided within 3 days of 1003 dated XXXX. - Due Diligence Vendor-12/05/2024 |
Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-12/12/2024 Ready for Review-Document Uploaded. Homeownership Counseling Disclosure - Seller-12/10/2024 |
Resolved-Received Homeownership Counseling Disclosure. - Due Diligence Vendor-01/31/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 17.92%; Max permitted 50%. LTV is less than guideline maximum - LTV 46.84%; Max 80%. Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score 717; 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 | No Cash Out - Borrower Initiated | N/A | N/A | 2936125 | |
| XXXX | XXXX | 257NQM0801 | D | A | D | A | D | A | D | A | Closed | FCOM9175 | 2024-12-05 19:03 | 2024-12-12 07:03 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: Closing Disclosure not received by the borrower 3 days prior to consummation | Resolved-Received CD. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Closing Disclosure not received by the borrower 3 days prior to consummation - Seller-12/10/2024 Open------Missing initial CD acknowledged by borrower a minimum of 3 days prior to consummation. - Due Diligence Vendor-12/06/2024 |
Ready for Review-Document Uploaded. Closing Disclosure not received by the borrower 3 days prior to consummation - Seller-12/10/2024 |
Resolved-Received CD. - Due Diligence Vendor-01/31/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 17.92%; Max permitted 50%. LTV is less than guideline maximum - LTV 46.84%; Max 80%. Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score 717; 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 | No Cash Out - Borrower Initiated | N/A | N/A | 2944984 | |
| XXXX | XXXX | 257NQM0801 | D | A | D | A | D | A | D | A | Closed | FCOM3957 | 2024-12-05 19:04 | 2024-12-12 06:52 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: Initial Loan Estimate not provided within 3 days of application | Resolved-Received Initial LE. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Initial Loan Estimate - Buyer-12/10/2024 Open------Missing LE(s) and any associated COCs. - Due Diligence Vendor-12/06/2024 |
Resolved-Received Initial LE. - Due Diligence Vendor-01/31/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 17.92%; Max permitted 50%. LTV is less than guideline maximum - LTV 46.84%; Max 80%. Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score 717; 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 | No Cash Out - Borrower Initiated | N/A | N/A | 2944994 | ||
| XXXX | XXXX | 257NQM0801 | D | A | D | A | D | A | D | A | Closed | FCOM1978 | 2024-12-05 08:20 | 2024-12-12 06:46 | Resolved | 1 - Information | C | A | Compliance | TRID | Missing Intent to Proceed | Resolved-Received ITP. - Due Diligence Vendor-01/31/2025 Open-ITP missing - Due Diligence Vendor-01/31/2025 |
Resolved-Received ITP. - Due Diligence Vendor-01/31/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 17.92%; Max permitted 50%. LTV is less than guideline maximum - LTV 46.84%; Max 80%. Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score 717; 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 | No Cash Out - Borrower Initiated | N/A | N/A | 2936113 | ||
| XXXX | XXXX | 257NQM0865 | D | B | D | A | A | A | C | B | Closed | FCRE1201 | 2024-12-06 12:12 | 2025-01-09 16:37 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Received Third Party Fraud Report - Due Diligence Vendor-01/09/2025 Ready for Review-Document Uploaded. Fraud reports - Buyer-01/08/2025 Counter-Fraud Report provided does not include all loan participants. Finding remains. - Due Diligence Vendor-12/31/2024 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-12/27/2024 Counter-FraudPlus for the borrower provided. Please provide a Full Fraud Report with all participants. - Due Diligence Vendor-12/16/2024 Ready for Review-Document Uploaded. Fraud - Buyer-12/13/2024 Open-Missing Third Party Fraud Report Not found in file - Due Diligence Vendor-12/06/2024 |
Resolved-Received Third Party Fraud Report - Due Diligence Vendor-01/09/2025 |
Months Reserves exceed minimum required - 48 months PITIA reserves; 6 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 785; minimum required 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2950513 | ||
| XXXX | XXXX | 257NQM0865 | D | B | D | A | A | A | C | B | Closed | FPRO0011 | 2024-12-06 12:53 | 2024-12-23 11:43 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-Received post disaster report. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Post disaster report - Seller-12/19/2024 Open-XXXX, incident XXXX and continuing. Individual assistance - Due Diligence Vendor-12/06/2024 |
Ready for Review-Document Uploaded. Post disaster report - Seller-12/19/2024 |
Resolved-Received post disaster report. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - 48 months PITIA reserves; 6 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 785; minimum required 700. |
PDI provided. No Damage. | XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2951106 |
| XXXX | XXXX | 257NQM0865 | D | B | D | A | A | A | C | B | Closed | FPRO0012 | 2024-12-06 12:54 | 2024-12-06 15:40 | Waived | 2 - Non-Material | B | B | Property | Property | FEMA disaster declared PUBLIC ONLY | Waived-Client waiver applied to non material finding with comp factors - Due Diligence Vendor-12/06/2024 Open-XXXX, incident XXXX and continuing. Public assistance. - Due Diligence Vendor-12/06/2024 |
Waived-Client waiver applied to non material finding with comp factors - Due Diligence Vendor-12/06/2024 |
Months Reserves exceed minimum required - 48 months PITIA reserves; 6 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 785; minimum required 700. |
785 fico, 680 required. 48 months reserves, 3 months required. | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 2951112 | ||
| XXXX | XXXX | 257NQM0859 | D | A | D | A | A | A | A | A | Closed | FCRE6837 | 2024-12-06 12:57 | 2025-01-10 09:37 | Resolved | 1 - Information | C | A | Credit | Eligibility | Excessive Cash-Out on a Limited Cash-Out Refinance | Resolved-Received post close HUD-1 with a principal reduction of XXXX. Please note XXXX was the excess over XXXX due to the appraisal was POCB. - Due Diligence Vendor-01/10/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-01/08/2025 Counter-Payment history provided, please provide the Final Settlement statement reflecting R/T requirements. - Due Diligence Vendor-12/26/2024 Ready for Review-Document Uploaded. see pay history uploaded. - Buyer-12/22/2024 Open-Cash-out Limit - Cash-out to the borrower limited to the greater of XXXX or 1% of the loan amount. cash paid to B1 XXXX. - Due Diligence Vendor-12/06/2024 |
Ready for Review-Document Uploaded. Please see attached. - Seller-01/08/2025 |
Resolved-Received post close HUD-1 with a principal reduction of XXXX. Please note XXXX was the excess over XXXX due to the appraisal was POCB. - Due Diligence Vendor-01/10/2025 |
Months Reserves exceed minimum required - 16 months reserves. 3 required. Qualifying FICO score is at least 20 points above minimum for program - 729 fico. 700 minimum. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2951144 | |
| XXXX | XXXX | 257NQM0859 | D | A | D | A | A | A | A | A | Closed | FCRE1164 | 2024-12-06 12:55 | 2024-12-13 15:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Insurance Policy Missing | Resolved-Flood Insurance Policy provided. - Due Diligence Vendor-12/13/2024 Ready for Review-Document Uploaded. FLOOD - UPDATED EOI & 1008 - Seller-12/12/2024 Open-Missing Flood Insurance Policy - Due Diligence Vendor-12/06/2024 |
Ready for Review-Document Uploaded. FLOOD - UPDATED EOI & 1008 - Seller-12/12/2024 |
Resolved-Flood Insurance Policy provided. - Due Diligence Vendor-12/13/2024 |
Months Reserves exceed minimum required - 16 months reserves. 3 required. Qualifying FICO score is at least 20 points above minimum for program - 729 fico. 700 minimum. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2951116 | |
| XXXX | XXXX | 257NQM0859 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2024-12-06 13:12 | 2024-12-13 15:43 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR Calculation. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. DSCR calculation - Buyer-12/12/2024 Open-The DSCR Calculation from lender is Missing. DSCR Calculation from lender is Missing. - Due Diligence Vendor-12/06/2024 |
Resolved-Received DSCR Calculation. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - 16 months reserves. 3 required. Qualifying FICO score is at least 20 points above minimum for program - 729 fico. 700 minimum. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 2951364 | ||
| XXXX | XXXX | 257NQM0744 | C | B | C | B | A | A | A | A | Closed | FCRE1441 | 2024-12-09 16:02 | 2024-12-09 16:15 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Delinquent Credit History Does Not Meet Guideline Requirements | Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/09/2024 Open-Delinquent Credit History Does Not Meet Guideline Requirements Lender Exception: requesting exception for lawsuits, docs uploaded - Due Diligence Vendor-12/09/2024 |
Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/09/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 700, Bwr FICO 776 Months Reserves exceed minimum required - 225 mths reserves; 3 mths required. |
FICO Debt under 10% |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 2965828 | ||
| XXXX | XXXX | 257NQM0815 | C | A | C | A | A | A | A | A | Closed | FCRE1148 | 2024-12-09 22:49 | 2024-12-20 15:43 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received title commitment with Title Coverage Amount of XXXX is sufficient. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. title commit - Buyer-12/19/2024 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Missing title page reflecting final loan amount - Due Diligence Vendor-12/10/2024 |
Resolved-Received title commitment with Title Coverage Amount of XXXX is sufficient. - Due Diligence Vendor-01/31/2025 |
Long term residence - 13 years at current residence LTV is less than guideline maximum - LTV 40.221%; Max 75%. Months Reserves exceed minimum required - 44.35 months PITIA reserves; 9 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score 806; Minimum required 700. |
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 | 2967665 | ||
| XXXX | XXXX | 257NQM0805 | C | A | A | A | C | A | A | A | Closed | finding-3634 | 2024-12-10 14:00 | 2025-01-29 12:03 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Document Uploaded. -Lock agreement disclosed to borrower at time of rate lock reflecting applicable charges provided. - Due Diligence Vendor-12/18/2024 Counter-Received the COC dated XXXX for the increase in loan amount points. The COC for the Broker Fee change from lender-paid to borrower-paid is still missing. The amount over tolerance now is XXXX. - Due Diligence Vendor-12/17/2024 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 (Points - Loan Discount Fee, Mortgage Broker Fee, and Condo Review) 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-12/10/2024 |
Resolved-Document Uploaded. -Lock agreement disclosed to borrower at time of rate lock reflecting applicable charges provided. - Due Diligence Vendor-12/18/2024 |
Long term residence - Long Term Residence = 9 years LTV is less than guideline maximum - LTV = 48.21% - Max LTV = 70% |
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 | 2974281 | ||
| XXXX | XXXX | 257NQM0789 | D | A | D | A | A | A | A | A | Closed | FPRO1255 | 2024-12-10 13:04 | 2024-12-16 12:54 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | HOA Questionnaire Document is Missing | Resolved-The HOA Questionnaire Document is not missing or Not Applicable. XXXX approval provided. - Due Diligence Vendor-12/16/2024 Ready for Review-Document Uploaded. Subject if XXXX approved, see attached. Questionnaire is not required when project is already approved by investor - Buyer-12/12/2024 Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. - Due Diligence Vendor-12/10/2024 |
Resolved-The HOA Questionnaire Document is not missing or Not Applicable. XXXX approval provided. - Due Diligence Vendor-12/16/2024 |
Qualifying DTI below maximum allowed - Qualifying DTI 36%; max permitted 50%. Months Reserves exceed minimum required - 17 months PITIA reserves; 6 months reserves required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 2973547 | ||
| XXXX | XXXX | 257NQM0835 | D | A | D | A | A | A | A | A | Closed | FCRE6019 | 2024-12-10 16:19 | 2024-12-27 15:45 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Received Citizenship Documentation for both borrowers. - Due Diligence Vendor-12/27/2024 Ready for Review-Document Uploaded. Back of Residency Card attached. - Buyer-12/26/2024 Open-Borrower Citizenship Documentation Is Missing B2 is not an ITIN borrower-Missing back of EAD card - Due Diligence Vendor-12/10/2024 |
Resolved-Received Citizenship Documentation for both borrowers. - Due Diligence Vendor-12/27/2024 |
LTV is less than guideline maximum - LTV 70%; max 75%. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 781; minimum required 700 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2976387 | ||
| XXXX | XXXX | 257NQM0799 | D | B | D | A | B | B | A | A | Closed | FCOM5135 | 2024-12-10 16:31 | 2025-01-31 09:05 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing. Client waiver applied to non-material Findings. - Due Diligence Vendor-01/31/2025 | Waived-Required Affiliated Business Disclosure Missing. Client waiver applied to non-material Findings. - Due Diligence Vendor-01/31/2025 |
LTV is less than guideline maximum - 36.17% < 85% Qualifying FICO score is at least 20 points above minimum for program - 801 > 660 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 2976548 | |||
| XXXX | XXXX | 257NQM0799 | D | B | D | A | B | B | A | A | Closed | FCRE1764 | 2024-12-10 20:33 | 2024-12-17 13:44 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Verification of Mortgage | Resolved-Credit supplement provided. - Due Diligence Vendor-12/17/2024 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-12/13/2024 Open-Document acceptable mortgage history associated with XXXX reflected on final URLA OR provide copy of note showing borrower was never obligated on this debt. - Due Diligence Vendor-12/11/2024 |
Resolved-Credit supplement provided. - Due Diligence Vendor-12/17/2024 |
LTV is less than guideline maximum - 36.17% < 85% Qualifying FICO score is at least 20 points above minimum for program - 801 > 660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2977663 | ||
| XXXX | XXXX | 257NQM0766 | 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 | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0758 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0779 | 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 | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0791 | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-12-12 09:08 | 2024-12-16 15:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/16/2024 Ready for Review-Document Uploaded. Refresh Credit Report - Buyer-12/13/2024 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-12/12/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/16/2024 |
Months Reserves exceed minimum required - 13.32 Months Reserves exceed minimum required of 3 Qualifying FICO score is at least 20 points above minimum for program - 760 Qualifying FICO score is at least 20 points above minimum for program of 720 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 2990144 | ||
| XXXX | XXXX | 257NQM0827 | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2024-12-12 12:15 | 2024-12-19 13:06 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-VVOE provided - Due Diligence Vendor-12/19/2024 Ready for Review-Document Uploaded. Updated VOE from XXXX, with an email from the employer dated XXXX confirming no changes in employment - Buyer-12/18/2024 Open-Borrower 1 3rd Party VOE Prior to Close Missing VVOE dated XXXX shows method of verification was e-mail from employer XXXX but that e-mail was dated/sent on XXXX which exceeds 10 days - Due Diligence Vendor-12/12/2024 |
Resolved-VVOE provided - Due Diligence Vendor-12/19/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 774; minimum required 700. Months Reserves exceed minimum required - 23 months PITIA reserves; 3 months reserves required |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | N/A | N/A | 2992807 | ||
| XXXX | XXXX | 257NQM0827 | D | A | D | A | A | A | A | A | Closed | FCRE1482 | 2024-12-12 12:32 | 2024-12-19 13:04 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 4 Does Not Meet Guideline Requirements | Resolved-Final Signed HUD provided. - Due Diligence Vendor-12/19/2024 Ready for Review-Document Uploaded. See attached: Final signed HUD statement. - Buyer-12/18/2024 Open-Asset 4 Does Not Meet Guideline Requirements Missing fully executed settlement statement for the sale of the property listed as XXXX on the 1003 and verification that the funds were transferred to the title agency for this transaction. Version in file is not signed. - Due Diligence Vendor-12/12/2024 |
Resolved-Final Signed XXXX provided. - Due Diligence Vendor-12/19/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 774; minimum required 700. Months Reserves exceed minimum required - 23 months PITIA reserves; 3 months reserves required |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | N/A | N/A | 2993157 | ||
| XXXX | XXXX | 257NQM0800 | D | B | D | B | A | A | A | A | Closed | FCRE0043 | 2024-12-12 10:24 | 2024-12-19 09:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Upon further review DSCR ratio is present on 1008; finding resolved. - Due Diligence Vendor-01/31/2025 Counter-DSCR provided, however the client requires the calculation. Finding remains. - Due Diligence Vendor-12/17/2024 Ready for Review-Document Uploaded. The loan recap with the DSCR - Buyer-12/16/2024 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-12/12/2024 |
Resolved-Upon further review DSCR ratio is present on 1008; finding resolved. - Due Diligence Vendor-01/31/2025 |
DSCR % greater than 1.20 - DSCR 1.22 is above the minimum required DSCR of 1.00 On time mortgage history exceeds guideline requirement - 0x12x36 months. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 2991199 | ||
| XXXX | XXXX | 257NQM0800 | D | B | D | B | A | A | A | A | Closed | FCRE1198 | 2024-12-12 10:36 | 2024-12-12 15:23 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/12/2024 Open-Audited Reserves of 9.51 month(s) are less than Guideline Required Reserves of 12 month(s) The borrower is considered a first-time investor requires 12 month reserves - Due Diligence Vendor-12/12/2024 |
Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/12/2024 |
DSCR % greater than 1.20 - DSCR 1.22 is above the minimum required DSCR of 1.00 On time mortgage history exceeds guideline requirement - 0x12x36 months. |
DSCR calc is 1.22 and minimum is 1.00, FICO is 706 and minimum is 700. 0x12x30 Mtg history. | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 2991373 | ||
| XXXX | XXXX | 257NQM0778 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 257NQM0823 | D | A | D | A | A | A | A | A | Closed | FCRE0044 | 2024-12-18 16:01 | 2024-12-20 15:15 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-Received LOE - Due Diligence Vendor-12/20/2024 Ready for Review-Document Uploaded. the enclosed inquiry explanation letter was in our initial loan submission - Buyer-12/19/2024 Open-LOX for credit inquiries is missing. *New* Please provide an LOE for the inquiry on XXXX reporting on the Gap Report. - Due Diligence Vendor-12/18/2024 |
Resolved-Received LOE - Due Diligence Vendor-12/20/2024 |
Qualifying DTI below maximum allowed - Maximum DTI for First Time Homebuyer is 45%; qualifying DTI is 1.77%. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660; qualifying FICO is 737. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3037647 | ||
| XXXX | XXXX | 257NQM0823 | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2024-12-16 09:56 | 2024-12-18 16:00 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/18/2024 Ready for Review-Document Uploaded. GAP report - Buyer-12/17/2024 Open-Borrower 1 Gap Credit Report is Missing Missing Gap Credit Report, and Fraud Report does not reflect UDM. - Due Diligence Vendor-12/16/2024 |
Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-12/18/2024 |
Qualifying DTI below maximum allowed - Maximum DTI for First Time Homebuyer is 45%; qualifying DTI is 1.77%. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660; qualifying FICO is 737. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3011271 | ||
| XXXX | XXXX | 257NQM0806 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0866 | D | B | D | A | C | B | A | A | Closed | FCRE0070 | 2024-12-17 20:20 | 2025-02-03 16:13 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Received Approval/Underwriting Summary - Due Diligence Vendor-12/30/2024 Ready for Review-Document Uploaded. XXXX Form 1008 - Seller-12/27/2024 Open-Missing Approval/Underwriting Summary Missing Underwriting Transmittal Summary form 1008 - Due Diligence Vendor-12/18/2024 |
Ready for Review-Document Uploaded. XXXX Form 1008 - Seller-12/27/2024 |
Resolved-Received Approval/Underwriting Summary - Due Diligence Vendor-12/30/2024 |
Months Reserves exceed minimum required - 18 mths reserves; 3 mths required. Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $8,011.25 Min $1500 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3028500 | |
| XXXX | XXXX | 257NQM0866 | D | B | D | A | C | B | A | A | Closed | FCRE6844 | 2024-12-17 20:11 | 2024-12-30 12:11 | Resolved | 1 - Information | C | A | Credit | Assets | Gift Funds General | Resolved-Received Wire for XXXX - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Gift Funds Wire Receipt - Buyer-12/27/2024 Open-Missing wire confirmation of XXXX gift per letter provided. - Due Diligence Vendor-12/18/2024 |
Resolved-Received Wire for XXXX - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - 18 mths reserves; 3 mths required. Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $8,011.25 Min $1500 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3028491 | ||
| XXXX | XXXX | 257NQM0866 | D | B | D | A | C | B | A | A | Closed | finding-3634 | 2024-12-16 15:13 | 2024-12-30 12:03 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received COC. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. XXXX Manager LOE Discount Points & Appraisal Review Fee Increase - Buyer-12/27/2024 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 (Points - Discount Fee [XXXX], Appraisal Review Fee [XXXX) without a valid COC in file. Lender provided credit of XXXX for increase in closing costs above legal limit. 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 is 3 years, expiration date XXXX. - Due Diligence Vendor-12/16/2024 |
Resolved-Received COC. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - 18 mths reserves; 3 mths required. Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $8,011.25 Min $1500 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3016375 | ||
| XXXX | XXXX | 257NQM0866 | D | B | D | A | C | B | A | A | Closed | FCOM5135 | 2024-12-16 13:59 | 2024-12-17 13:53 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material findings. - Due Diligence Vendor-12/16/2024 | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material findings. - Due Diligence Vendor-12/16/2024 |
Months Reserves exceed minimum required - 18 mths reserves; 3 mths required. Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $8,011.25 Min $1500 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 3015164 | |||
| XXXX | XXXX | 257NQM0866 | D | B | D | A | C | B | A | A | Closed | FCOM1124 | 2024-12-17 13:45 | 2024-12-17 13:45 | Waived | 2 - Non-Material | B | B | Compliance | Data | Borrower 1 Final Signature Date is in the future | Waived-Borrower 1 Final Signature Date is greater than the transaction date of XXXX Client waiver applied to non-material findings - Due Diligence Vendor-12/17/2024 | Waived-Borrower 1 Final Signature Date is greater than the transaction date of XXXX Client waiver applied to non-material findings - Due Diligence Vendor-12/17/2024 |
Months Reserves exceed minimum required - 18 mths reserves; 3 mths required. Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $8,011.25 Min $1500 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 3025153 | |||
| XXXX | XXXX | 257NQM0841 | C | A | C | A | A | A | A | A | Closed | FCRE2244 | 2024-12-18 16:28 | 2024-12-31 13:39 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property Does Not Meet Guidelines (credit) | Resolved-Received updated appraisal with comments stating no health or safety risk is known. - Due Diligence Vendor-12/31/2024 Ready for Review-Document Uploaded. Supporting Docs Uploaded - Buyer-12/30/2024 Open-Property Issues are identified for the property Appraiser indicates a possible abandoned underground oil tank exists and did not comment as to whether this poses a health or safety risk; additional conditions may apply. - Due Diligence Vendor-12/18/2024 |
Resolved-Received updated appraisal with comments stating no health or safety risk is known. - Due Diligence Vendor-12/31/2024 |
LTV is less than guideline maximum - 75% LTV. 80% max. Months Reserves exceed minimum required - 15 months reserves. 3 required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3037990 | ||
| XXXX | XXXX | 257NQM0819 | C | A | C | A | A | A | A | A | Closed | FCRE1193 | 2024-12-19 12:47 | 2024-12-30 10:51 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Received revised 1003/1008 which includes the additional income- condition resolved. - Due Diligence Vendor-01/31/2025 Counter-Provide a revised income worksheet ,1008 and 1003 reflecting additional income used to qualify. - Due Diligence Vendor-12/23/2024 Ready for Review-Document Uploaded. Other statements to show more asset depletion which brings the DTI below 50% - Buyer-12/20/2024 Open-Audited DTI of 50.26% exceeds Guideline DTI of 50% DTI 50.26% exceeds 50.00% - Due Diligence Vendor-12/19/2024 |
Resolved-Received revised 1003/1008 which includes the additional income- condition resolved. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - 17>6 Qualifying FICO score is at least 20 points above minimum for program - 816>680 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3045740 | ||
| XXXX | XXXX | 257NQM0819 | C | A | C | A | A | A | A | A | Closed | FCRE8611 | 2024-12-19 12:33 | 2024-12-23 07:12 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income/Employment General | Resolved-Confirmation pension will continue for 3+ years has been provided. - Due Diligence Vendor-12/23/2024 Ready for Review-Document Uploaded. Retirement statements Q2 and Q3 - Buyer-12/19/2024 Open-Missing confirmation pension will continue for 3+ years. Missing confirmation borrower has no ownership in employer. - Due Diligence Vendor-12/19/2024 |
Resolved-Confirmation pension will continue for 3+ years has been provided. - Due Diligence Vendor-12/23/2024 |
Months Reserves exceed minimum required - 17>6 Qualifying FICO score is at least 20 points above minimum for program - 816>680 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3045498 | ||
| XXXX | XXXX | 257NQM0819 | C | A | C | A | A | A | A | A | Closed | FCRE1181 | 2024-12-19 11:52 | 2024-12-23 06:55 | Resolved | 1 - Information | C | A | Credit | Insurance | Subject loan is in Flood Zone and Notice of Special Flood Hazard Disclosure Not Completed | Resolved-Received flood cert. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Notice_of_Special_Flood_Zone - Buyer-12/19/2024 Open-Subject Property is in Flood Zone AE but Notice of Special Flood Hazard Disclosure was not provided Missing Notice of Special Flood Hazards -not executed. - Due Diligence Vendor-12/19/2024 |
Resolved-Received flood cert. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - 17>6 Qualifying FICO score is at least 20 points above minimum for program - 816>680 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3044836 | ||
| XXXX | XXXX | 257NQM0832 | C | A | C | A | C | A | A | A | Closed | FCRE0044 | 2024-12-20 11:45 | 2024-12-27 15:07 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-Received LOE - Due Diligence Vendor-12/27/2024 Ready for Review-Document Uploaded. LOE for credit inquiry - Buyer-12/26/2024 Open-LOX for credit inquiries is missing. 1 inquiry on credit report - no lox found - Due Diligence Vendor-12/20/2024 |
Resolved-Received LOE - Due Diligence Vendor-12/27/2024 |
Qualifying DTI below maximum allowed - Max 50%, actual 36.85% LTV is less than guideline maximum - Max 75%, actual 50% Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 754 |
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 | 3055487 | ||
| XXXX | XXXX | 257NQM0832 | C | A | C | A | C | A | A | A | Closed | FCOM9175 | 2024-12-19 18:39 | 2024-12-27 10:58 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: Closing Disclosure not received by the borrower 3 days prior to consummation | Resolved-Received Initial CD. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. CD dated and signed XXXX - Buyer-12/26/2024 Open-Missing evidence of initial Closing Disclosure delivered 3 days prior to consummation date of XXXX. - Due Diligence Vendor-12/19/2024 |
Resolved-Received Initial CD. - Due Diligence Vendor-01/31/2025 |
Qualifying DTI below maximum allowed - Max 50%, actual 36.85% LTV is less than guideline maximum - Max 75%, actual 50% Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 754 |
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 | 3050439 | ||
| XXXX | XXXX | 257NQM0821 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2024-12-20 15:49 | 2025-01-31 11:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received Guaranty Agreement - Due Diligence Vendor-12/26/2024 Ready for Review-Document Uploaded. Guaranty - Buyer-12/24/2024 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Missing'. Missing completed and executed Guaranty agreement - Due Diligence Vendor-12/20/2024 |
Resolved-Received Guaranty Agreement - Due Diligence Vendor-12/26/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 712; minimum required 680 Qualifying DTI below maximum allowed - Qualifying DTI 20%; max permitted 50%. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3059327 | ||
| XXXX | XXXX | 257NQM0081 | D | B | D | B | A | A | A | A | Closed | FCRE7497 | 2024-12-23 12:25 | 2025-01-06 16:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Insurance verification provided. - Due Diligence Vendor-01/06/2025 Ready for Review-Document Uploaded. Please see attached copy of the HOI. Also attached are the 1003 and 1008 reflecting the payment with the corrected HOI for the departing residence. - Seller-01/03/2025 Open-Missing hazard insurance for the borrowers' departing residence. Additional conditions may apply. - Due Diligence Vendor-12/23/2024 |
Ready for Review-Document Uploaded. Please see attached copy of the HOI. Also attached are the 1003 and 1008 reflecting the payment with the corrected HOI for the departing residence. - Seller-01/03/2025 |
Resolved-Insurance verification provided. - Due Diligence Vendor-01/06/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 769 FICO with 660 min LTV is less than guideline maximum - 80% LTV with 90% LTV max Months Reserves exceed minimum required - 17.95 months reserves with 3 months min |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3068926 | |
| XXXX | XXXX | 257NQM0081 | D | B | D | B | A | A | A | A | Closed | FCRE1248 | 2024-12-23 11:06 | 2024-12-23 15:01 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Non-Arm's Length Transactions Not Allowed for Program | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/23/2024 Open-Non-Arm's Length Transactions Not Allowed for Program FSBO transactions must be arm's length. Borrower was a prior tenant at the subject property with his parents, his parents still live there. Lender approved exception in file. - Due Diligence Vendor-12/23/2024 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/23/2024 |
Qualifying FICO score is at least 20 points above minimum for program - 769 FICO with 660 min LTV is less than guideline maximum - 80% LTV with 90% LTV max Months Reserves exceed minimum required - 17.95 months reserves with 3 months min |
Qualifying DTI 5% below maximum allowed. Reserves 3+ months above minimum required. 5+ years verified employment history exceeds guidelines (10 years on job). |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 3067469 | ||
| XXXX | XXXX | 257NQM0807 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 257NQM0845 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2024-12-23 16:34 | 2024-12-31 12:54 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received insurance verification. - Due Diligence Vendor-12/31/2024 Ready for Review-Document Uploaded. Doc UPloaded - Buyer-12/30/2024 Counter-Received documentation support paid off provided. Please provide documentation to support the HOI annual premium. - Due Diligence Vendor-12/27/2024 Ready for Review-Document Uploaded. there was a previous mtg on the borrowers second home... the enclosed doc shows it was satisfied - Buyer-12/24/2024 Open- Missing mortgage statement for property identified as XXXX on loan application. Evidence of insurance reflects XXXX as named insured lender; however, mortgage statement was not found in loan file. Evidence of Insurance missing annual premium amount. - Due Diligence Vendor-12/23/2024 |
Resolved-Received insurance verification. - Due Diligence Vendor-12/31/2024 |
Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: XXXX Min $1500 Qualifying FICO score is at least 20 points above minimum for program - FICO: 779 Min 660 LTV is less than guideline maximum - LTV: 30 Max 85 Months Reserves exceed minimum required - Reserves: 1172 Min 3 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3071972 | ||
| XXXX | XXXX | 257NQM0845 | D | A | D | A | A | A | A | A | Closed | FPRO1245 | 2024-12-23 16:16 | 2024-12-31 12:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Appraisal is Expired | Resolved-Received post close recert of value supporting the original appraised value. - Due Diligence Vendor-12/31/2024 Ready for Review-Document Uploaded. Doc Uploaded - Buyer-12/31/2024 Open-Primary Value Appraisal is Expired Aged at time of closing. Appraisal dated XXXX Note Date/Closing XXXX. Duration from appraisal to Note date is 124 days and exceeds the 120 day recertification period per guidelines. - Due Diligence Vendor-12/23/2024 |
Resolved-Received post close recert of value supporting the original appraised value. - Due Diligence Vendor-12/31/2024 |
Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: XXXX Min $1500 Qualifying FICO score is at least 20 points above minimum for program - FICO: 779 Min 660 LTV is less than guideline maximum - LTV: 30 Max 85 Months Reserves exceed minimum required - Reserves: 1172 Min 3 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3071786 | ||
| XXXX | XXXX | 257NQM0833 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2024-12-24 09:19 | 2024-12-27 16:03 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR Calculation - Due Diligence Vendor-12/27/2024 Ready for Review-Document Uploaded. DSCR Calculation Worksheet - Buyer-12/26/2024 Open-The DSCR Calculation from lender is Missing. Missing DSCR Calc/Ratio - Due Diligence Vendor-12/24/2024 |
Resolved-Received DSCR Calculation - Due Diligence Vendor-12/27/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 754; minimum required 700. Months Reserves exceed minimum required - 6 months PITIA reserves; 3 months reserves required |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3075189 | ||
| XXXX | XXXX | 257NQM0833 | D | A | D | A | A | A | A | A | Closed | FCRE1152 | 2024-12-24 08:46 | 2024-12-27 16:02 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Received property taxes. - Due Diligence Vendor-12/27/2024 Ready for Review-Document Uploaded. TAX CERT - Buyer-12/26/2024 Open-Missing Evidence of Property Tax Missing Tax Info - Due Diligence Vendor-12/24/2024 |
Resolved-Received property taxes. - Due Diligence Vendor-12/27/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 754; minimum required 700. Months Reserves exceed minimum required - 6 months PITIA reserves; 3 months reserves required |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3074894 | ||
| XXXX | XXXX | 257NQM0844 | D | A | D | A | A | A | A | A | Closed | FCRE7806 | 2024-12-24 10:46 | 2025-01-31 12:58 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Bank Statement Summary/Lender Worksheet is Missing | Resolved-Received Borrower 1 Bank Statement Summary/Lender Worksheet - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Lender worksheet - Seller-12/26/2024 Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing Missing Lender IWS - Due Diligence Vendor-12/24/2024 |
Ready for Review-Document Uploaded. Lender worksheet - Seller-12/26/2024 |
Resolved-Received Borrower 1 Bank Statement Summary/Lender Worksheet - Due Diligence Vendor-01/31/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 730; minimum required 660. Qualifying DTI below maximum allowed - Qualifying DTI 35%; max permitted 50%. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3076273 | |
| XXXX | XXXX | 257NQM0844 | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2024-12-24 12:00 | 2025-01-31 12:58 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Borrower 1 CPA Letter Provided - Due Diligence Vendor-12/27/2024 Ready for Review-Document Uploaded. CPA letter - Buyer-12/26/2024 Open-Borrower 1 CPA Letter Missing Missing CPA Ltr (conf own %) - Due Diligence Vendor-12/24/2024 |
Resolved-Borrower 1 CPA Letter Provided - Due Diligence Vendor-12/27/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 730; minimum required 660. Qualifying DTI below maximum allowed - Qualifying DTI 35%; max permitted 50%. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3077376 | ||
| XXXX | XXXX | 257NQM0844 | D | A | D | A | A | A | A | A | Closed | FCRE1201 | 2024-12-24 10:59 | 2025-01-02 12:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Received all pages of the Fraud Report. - Due Diligence Vendor-01/02/2025 Ready for Review-Document Uploaded. Fraud Report Uploaded - Seller-12/30/2024 Counter-Participant list provided. Please provide all pages of the Fraud report. - Due Diligence Vendor-12/27/2024 Ready for Review-Document Uploaded. Fraud - Buyer-12/26/2024 Open-Missing Third Party Fraud Report Missing Fraud Rep - Due Diligence Vendor-12/24/2024 |
Ready for Review-Document Uploaded. Fraud Report Uploaded - Seller-12/30/2024 |
Resolved-Received all pages of the Fraud Report. - Due Diligence Vendor-01/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 730; minimum required 660. Qualifying DTI below maximum allowed - Qualifying DTI 35%; max permitted 50%. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3076663 | |
| XXXX | XXXX | 257NQM0838 | C | B | C | B | A | A | A | A | Closed | FCRE1200 | 2024-12-26 13:26 | 2024-12-26 14:43 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Client Waiver applied with comp factors. - Due Diligence Vendor-12/26/2024 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of XXXX Loan amount under XXXX. First time homebuyer requiring 75% LTV. Prior 4 pack was already approved as exceptions in XXXX and looking to add this 5th one for this same borrower. - Due Diligence Vendor-12/26/2024 |
Waived-Client Waiver applied with comp factors. - Due Diligence Vendor-12/26/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 744; minimum required 700. Months Reserves exceed minimum required - 169 months PITIA reserves; 12 months reserves required. |
FICO 744, minimum is 700; Reserves are 169, minimum is 12. | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 3086243 | ||
| XXXX | XXXX | 257NQM0864 | D | B | A | A | B | B | D | A | Closed | FPRO1253 | 2024-12-27 10:42 | 2025-01-08 15:25 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Received Desk Review supporting the appraised value. - Due Diligence Vendor-01/08/2025 Ready for Review-Document Uploaded. CDA - Buyer-01/07/2025 Open-AVM in file from Quantarium - AVM is not an acceptable secondary valuation. Per guidelines desk review is required. - Due Diligence Vendor-12/27/2024 |
Resolved-Received Desk Review supporting the appraised value. - Due Diligence Vendor-01/08/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 30.97 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680; qualifying FICO is 789. |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3092446 | ||
| XXXX | XXXX | 257NQM0864 | D | B | A | A | B | B | D | A | Closed | FCOM1267 | 2024-12-23 18:17 | 2024-12-23 18:32 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Homeownership Counseling Disclosure Is Partially Provided | Waived-Homeownership Counseling Disclosure Is Partially Provided (Date Creditor Received Application is XXXX and Occupancy is Primary Residence) List of ten agencies is missing from file however, the acknowledgement of disclosure with website is in file. Client waiver applied to non-material Findings. - Due Diligence Vendor-12/23/2024 | Waived-Homeownership Counseling Disclosure Is Partially Provided (Date Creditor Received Application is XXXX and Occupancy is Primary Residence) List of ten agencies is missing from file however, the acknowledgement of disclosure with website is in file. Client waiver applied to non-material Findings. - Due Diligence Vendor-12/23/2024 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 30.97 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680; qualifying FICO is 789. |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 3072610 | |||
| XXXX | XXXX | 257NQM0864 | D | B | A | A | B | B | D | A | Closed | FCOM1301 | 2024-12-23 12:56 | 2024-12-23 12:56 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Home Loan Toolkit is Missing | Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non material finding with comp factors. - Due Diligence Vendor-01/31/2025 | Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non material finding with comp factors. - Due Diligence Vendor-01/31/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 30.97 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680; qualifying FICO is 789. |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 3069387 | |||
| XXXX | XXXX | 257NQM0080 | C | A | C | A | A | A | A | A | Closed | FCRE0095 | 2024-12-27 11:49 | 2025-01-10 17:03 | Resolved | 1 - Information | C | A | Credit | Eligibility | Short Term Rental Income does not meet guidelines | Resolved-Per the lender used 4 months of XXXX / 12 since the borrower has owned the subject for 4 months and 12 months are not available. - Due Diligence Vendor-01/10/2025 Ready for Review-Document Uploaded. Please see attached - Seller-01/09/2025 Counter-Documentation was not attached. Please re-upload. - Due Diligence Vendor-01/02/2025 Ready for Review-Please see attached XXXX report which includes the Rental Summary from XXXX to current. Please note that the borrower purchased the property in XXXX; therefore, the borrower would not have access to a complete 12 month history of Short Term rents; however, income was conservatively calculated by using the income received in the 4 months it was rented and divided over a 12 month period. In addition; the loan was qualified under the No Ratio DSCR Program; as such; income could go down to XXXX and would still qualify under these same terms. We ask that this condition please be cleared. - Seller-12/31/2024 Open-Missing the most recent 12-month rental history statement from the 3rd party rental/management service. The statement must identify the subject property/unit, rents collected for the previous 12-months, and all vendor management fees. The rental income will exclude all vendor or management fees. Once recieved additional audit review of DSCR calculation is required and addtional findings may apply. - Due Diligence Vendor-12/27/2024 |
Ready for Review-Document Uploaded. Please see attached - Seller-01/09/2025 Ready for Review-Please see attached XXXX report which includes the Rental Summary from XXXX to current. Please note that the borrower purchased the property in XXXX; therefore, the borrower would not have access to a complete 12 month history of Short Term rents; however, income was conservatively calculated by using the income received in the 4 months it was rented and divided over a 12 month period. In addition; the loan was qualified under the No Ratio DSCR Program; as such; income could go down to XXXX and would still qualify under these same terms. We ask that this condition please be cleared. - Seller-12/31/2024 |
Resolved-Per the lender used 4 months of XXXX / 12 since the borrower has owned the subject for 4 months and 12 months are not available. - Due Diligence Vendor-01/10/2025 |
LTV is less than guideline maximum - Max LTV 70%- Borrower's LTV 59.35% Months Reserves exceed minimum required - Reserves req'd 2 mths- Borrower has 23.65 mths- 2 mths req'd= 21.65mths |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3093396 | |
| XXXX | XXXX | 257NQM0092 | C | B | C | B | A | A | A | A | Closed | FCRE8338 | 2024-12-30 13:22 | 2025-01-03 14:53 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Cash To Borrower does not meet eligibility requirement(s) | Waived-Originator provided a waiver for cash out > XXXX, applied to non material finding with comp factors - Due Diligence Vendor-06/27/2025 Ready for Review-Document Uploaded. Please see attached exceptions allowing cash out in excess of XXXX - Due Diligence Vendor-06/27/2025 Open-Max Cash out for LTV>65% is XXXX; subject cash out exceeds guidelines. - Due Diligence Vendor-06/27/2025 |
Waived-Originator provided a waiver for cash out > XXXX, applied to non material finding with comp factors - Due Diligence Vendor-06/27/2025 |
Months Reserves exceed minimum required - Min reserve requirement is 2, borrower has 80.78 documented DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.041 |
4+ years in primary residence Reserves exceed minimum by 70 months Experienced Investor |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | 3104519 | |
| XXXX | XXXX | 257NQM0092 | C | B | C | B | A | A | A | A | Closed | 123ABCF | 2024-12-30 07:38 | 2024-12-30 09:22 | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | FICO does not meet minimum program requirement | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/30/2024 Open-EXCEPTION REQUEST - TO WAIVE LEASE REQURIEMENT, PROCEED WITH NO FICO - Due Diligence Vendor-12/30/2024 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/30/2024 |
Months Reserves exceed minimum required - Min reserve requirement is 2, borrower has 80.78 documented DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.041 |
4+ YEARS IN PRIMARY RESIDENCE | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3099808 | ||
| XXXX | XXXX | 257NQM0086 | 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 | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0860 | 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 | XXXX | 257NQM0090 | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2025-01-02 09:13 | 2025-01-02 09:14 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/02/2025 Open-Vested LLC is four members all 25% owners each, only one borrower is signing and providing a credit report - Due Diligence Vendor-01/02/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 700, borrowers mid score is 784 Months Reserves exceed minimum required - Min reserve requirement is 2, borrower has 197 documented |
0x30x24 FICO 40 pts over min 4+ years in primary home |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 3120197 | ||
| XXXX | XXXX | 257NQM0852 | D | A | D | A | A | A | A | A | Closed | FCRE0070 | 2024-12-27 16:25 | 2025-01-02 12:55 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Received Approval/Underwriting Summary - Due Diligence Vendor-01/02/2025 Ready for Review-Document Uploaded. Doc Uploaded - Buyer-12/31/2024 Open-Missing Approval/Underwriting Summary 1008 not sound in file - Due Diligence Vendor-12/27/2024 |
Resolved-Received Approval/Underwriting Summary - Due Diligence Vendor-01/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 758; minimum required 700. Months Reserves exceed minimum required - 689 months PITIA reserves; 3 months reserves required |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3096519 | ||
| XXXX | XXXX | 257NQM0853 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2024-12-30 10:38 | 2025-01-02 10:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR Calculation. - Due Diligence Vendor-01/31/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-12/30/2024 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-12/30/2024 |
Resolved-Received DSCR Calculation. - Due Diligence Vendor-01/31/2025 |
DSCR % greater than 1.20 - DSCR = 1.685 Months Reserves exceed minimum required - 79.38 Months Reserves exceed minimum required of 3 months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3101585 | ||
| XXXX | XXXX | 257NQM0843 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2024-12-27 15:40 | 2025-01-02 10:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-01/02/2025 Ready for Review-Document Uploaded. DSCR Calculation Uploaded - Buyer-12/30/2024 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-12/27/2024 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-01/02/2025 |
Months Reserves exceed minimum required - 40.48 months PITIA reserves; 3 months reserves required. Long term residence - 11 years at current residence Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score 763; Minimum required 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3096122 | ||
| XXXX | XXXX | 257NQM0840 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 257NQM0848 | C | B | C | B | A | A | A | A | Closed | FCRE1151 | 2024-12-30 09:10 | 2025-01-03 12:45 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Received 24+ months chain of title. - Due Diligence Vendor-01/03/2025 Ready for Review-Document Uploaded. enclosed are copies of the deeds with the book and pages numbers referenced in the chain of title on title report. - Buyer-01/02/2025 Open-Unsatisfactory Chain of Title provided. Missing 24 month Chain of Title - Due Diligence Vendor-12/30/2024 |
Resolved-Received 24+ months chain of title. - Due Diligence Vendor-01/03/2025 |
Months Reserves exceed minimum required - 57>3 Qualifying FICO score is at least 20 points above minimum for program - 788>660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3100427 | ||
| XXXX | XXXX | 257NQM0848 | C | B | C | B | A | A | A | A | Closed | FCRE1506 | 2024-12-30 10:05 | 2025-01-03 12:41 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received documentation to support the transfers are income. - Due Diligence Vendor-01/03/2025 Ready for Review-Document Uploaded. Attached proof that deposits from XXXX are from a business, XXXX. And LOE from borrower verifying they are business income deposits. - Seller-01/02/2025 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. DTI exceeds limits. Lender did not exclude transfers into business account. - Due Diligence Vendor-12/30/2024 |
Ready for Review-Document Uploaded. Attached proof that deposits from XXXX are from a business, XXXX. And LOE from borrower verifying they are business income deposits. - Seller-01/02/2025 |
Resolved-Received documentation to support the transfers are income. - Due Diligence Vendor-01/03/2025 |
Months Reserves exceed minimum required - 57>3 Qualifying FICO score is at least 20 points above minimum for program - 788>660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3101055 | |
| XXXX | XXXX | 257NQM0848 | C | B | C | B | A | A | A | A | Closed | FCRE1193 | 2024-12-30 10:21 | 2025-01-03 12:39 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Received documentation to support transfers are business income. Audited DTI of 28.14% is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-01/03/2025 Ready for Review-Document Uploaded. Attached proof that deposits from XXXX are from a business, XXXX. And LOE from borrower verifying they are business income deposits. - Buyer-01/02/2025 Open-Audited DTI of 73.05% exceeds Guideline DTI of 50% Lender did not exclude transfers into business account, once excluded DTI exceeds limits. - Due Diligence Vendor-12/30/2024 |
Resolved-Received documentation to support transfers are business income. Audited DTI of 28.14% is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-01/03/2025 |
Months Reserves exceed minimum required - 57>3 Qualifying FICO score is at least 20 points above minimum for program - 788>660 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3101310 | ||
| XXXX | XXXX | 257NQM0848 | C | B | C | B | A | A | A | A | Closed | FCRE9996 | 2024-12-30 10:18 | 2024-12-30 13:12 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo does not meet requirements | Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/30/2024 Open-Condo does not meet reserve allocation of 8%. - Due Diligence Vendor-12/30/2024 |
Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-12/30/2024 |
Months Reserves exceed minimum required - 57>3 Qualifying FICO score is at least 20 points above minimum for program - 788>660 |
LTV: 10% or more below requirement; FICO 20 points above; Total DTI 10% below requirement; Reserves 12+ months more than required; Residual XXXX or more; Long term employment >5 yrs. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 3101261 | ||
| XXXX | XXXX | 257NQM0849 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0857 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0091 | C | A | A | A | C | A | C | A | Closed | FPRO0011 | 2025-01-02 11:58 | 2025-01-10 16:54 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-Appraisal last inspection dated was XXXX post the disaster. No damage. - Due Diligence Vendor-01/10/2025 Ready for Review-Document Uploaded. Please note that the Appraisal was dated after all the Disaster End Dates. Since the property was fully inspected after the Disasters and the the Appraisal was As Is; A Disaster Inspection would not be required. Attached is a copy of the FEMA Report showing the incident was effective from XXXX - Seller-01/09/2025 Open- - Due Diligence Vendor-01/02/2025 |
Ready for Review-Document Uploaded. Please note that the Appraisal was dated after all the Disaster End Dates. Since the property was fully inspected after the Disasters and the the Appraisal was As Is; A Disaster Inspection would not be required. Attached is a copy of the FEMA Report showing the incident was effective from XXXX - XXXX - Seller-01/09/2025 |
Resolved-Appraisal last inspection dated was XXXX post the disaster. No damage. - Due Diligence Vendor-01/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680, borrowers mid score is 741 Qualifying DTI below maximum allowed - Max DTI is 50%, borrower is at 34.68% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3122617 | |
| XXXX | XXXX | 257NQM0091 | C | A | A | A | C | A | C | A | Closed | FCOM3605 | 2024-12-30 07:56 | 2025-01-10 09:07 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: CD not delivered at least 3 days prior to consummation | Resolved-Received CD XXXX. - Due Diligence Vendor-01/10/2025 Ready for Review-Document Uploaded. Please see attached - Seller-01/09/2025 Open------Please provide copy of CD dated at least 3 days prior to closing date of XXXX. Additional Findings may apply upon receipt. - Due Diligence Vendor-12/30/2024 |
Ready for Review-Document Uploaded. Please see attached - Seller-01/09/2025 |
Resolved-Received CD XXXX. - Due Diligence Vendor-01/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680, borrowers mid score is 741 Qualifying DTI below maximum allowed - Max DTI is 50%, borrower is at 34.68% |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3099904 | |
| XXXX | XXXX | 257NQM0087 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 257NQM0093 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0082 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 257NQM0089 | B | B | B | B | A | A | A | A | Closed | FCRE0019 | 2025-01-03 15:10 | 2025-01-03 16:18 | Waived | 2 - Non-Material | B | B | Credit | Income/Employment | PTIN Prepared P&L | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/03/2025 Open-PTIN prepared the P&L. Exception Request: PTIN Prepared P&L not permitted under the Cheese program. Seeking Exception to use a PTIN prepared P&L. - Due Diligence Vendor-01/03/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/03/2025 |
Qualifying DTI below maximum allowed - Max DTI 50%- Brw DTI 41.97% Qualifying FICO score is at least 20 points above minimum for program - Req'd FICO 720- Brw FICO 746 |
FICO is 46 points above minimum, DTI is 8% lower than max, 24+month credit history exceeds minimum required |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 3136264 | ||
| XXXX | XXXX | 257NQM0084 | 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 | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0858 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0083 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 257NQM0085 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0088 | C | A | A | A | C | A | A | A | Closed | finding-3634 | 2025-01-07 14:52 | 2025-01-10 09:18 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-...Resolved. Lender provided credit of XXXX for increase in closing costs above legal limit. - Due Diligence Vendor-01/10/2025 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). ...Resolved. Lender provided credit of XXXX for increase in closing costs above legal limit. - Due Diligence Vendor-01/07/2025 |
Resolved-...Resolved. Lender provided credit of XXXX for increase in closing costs above legal limit. - Due Diligence Vendor-01/10/2025 |
Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI 14.96% Qualifying FICO score is at least 20 points above minimum for program - 720 Req'd FICO- Borrower's FICO 809 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3157140 | |||
| XXXX | XXXX | 257NQM0371 | D | B | D | B | A | A | A | A | Closed | FCRE1198 | 2025-02-19 13:38 | 2025-06-27 09:20 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Originator provided a waiver to allow 2 months reserves applied to non material finding with comp factors. - Due Diligence Vendor-06/27/2025 Ready for Review-Document Uploaded. Please see attached Exception - Seller-03/21/2025 Open-Audited Reserves of 2.01 month(s) are less than Guideline Required Reserves of 3 month(s) 3 months required reserves. - Due Diligence Vendor-02/19/2025 |
Ready for Review-Document Uploaded. Please see attached Exception - Seller-03/21/2025 |
Waived-Originator provided a waiver to allow 2 months reserves applied to non material finding with comp factors. - Due Diligence Vendor-06/27/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Min DSCR% .80- Brw's DSCR % 1.08 LTV is less than guideline maximum - LTV max 80%- Brw's LTV 73.82% |
0x30x24,24+ month on time mortgage history exceeds guideline requirement dscr ratio > 1.10. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | Yes | 3448501 |
| XXXX | XXXX | 257NQM0371 | D | B | D | B | A | A | A | A | Closed | FCRE7347 | 2025-02-19 13:45 | 2025-02-19 18:00 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Missing Lease Agreement | Waived-Using handwritten receipts as proof of paid rent. Subject current rents are > 120% of 1007 rents. Loan program requires proof of 2 mo's receipt of rents. Originator exception granted and in file. Waiver applied with comp factors. - Due Diligence Vendor-02/19/2025 |
Waived-Using handwritten receipts as proof of paid rent. Subject current rents are > 120% of 1007 rents. Loan program requires proof of 2 mo's receipt of rents. Originator exception granted and in file. Waiver applied with comp factors. - Due Diligence Vendor-02/19/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Min DSCR% .80- Brw's DSCR % 1.08 LTV is less than guideline maximum - LTV max 80%- Brw's LTV 73.82% |
0x30x24,24+ month on time mortgage history exceeds guideline requirement, dscr ratio > 1.10. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | Yes | 3448569 | ||
| XXXX | XXXX | 257NQM0370 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 257NQM0372 | C | B | C | B | A | A | A | A | Closed | FCRE0360 | 2025-03-10 15:31 | 2025-03-11 11:49 | Waived | 2 - Non-Material | C | B | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non material due to VOR in file showing on time for 22 years. - Due Diligence Vendor-03/11/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Private VOR with no supporting rent checks on primary. - Due Diligence Vendor-03/10/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. Deemed non material due to VOR in file showing on time for 22 years. - Due Diligence Vendor-03/11/2025 |
DSCR % greater than 1.20 - DSCR % 1.973 Months Reserves exceed minimum required - Borrower has 18 months of verified PITIA reserves, 3 months minimum required. |
DSCR 1.25 or greater. 10+ months reserves LTV 5% under max |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 3573907 | ||
| XXXX | XXXX | 257NQM0871 | D | B | D | A | B | B | A | A | Closed | FCRE1161 | 2025-04-12 21:03 | 2025-04-16 18:05 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Missing | Resolved-Received Flood Certificate - Due Diligence Vendor-04/16/2025 Ready for Review-Document Uploaded. Please review the attached cert. - Seller-04/14/2025 Open-Missing Flood Certificate Flood Certificate is corrupted and is illegible - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. Please review the attached cert. - Seller-04/14/2025 |
Resolved-Received Flood Certificate - Due Diligence Vendor-04/16/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO 817 is higher than minimum 700 Credit history exceeds minimum required - Credit history exceeds minimum required Qualifying DTI below maximum allowed - 37.54% DTI; 49.99% max |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3849718 | |
| XXXX | XXXX | 257NQM0871 | D | B | D | A | B | B | A | A | Closed | FCOM5135 | 2025-04-10 15:00 | 2025-04-10 15:00 | 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-04/10/2025 |
Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO 817 is higher than minimum 700 Credit history exceeds minimum required - Credit history exceeds minimum required Qualifying DTI below maximum allowed - 37.54% DTI; 49.99% max |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 3831635 |