| Client Name: | |
| Client Project Name: | BRAVO 2025-NQM7 |
| Start - End Dates: | 11/14/2024 - 5/22/2025 |
| Deal Loan Count: | 349 |
| Conditions Report 2.0 | |
| Loans in Report: | 349 |
| Loans with Conditions: | 165 |
| Loan Number | Original Principal Balance | State | Initial Lender ATR/QM Status | Loan Level ATR/QM Status | Initial Securitization Overall Loan Grade | Final Securitization Overall Loan Grade | Initial Securitization Credit Loan Grade | Final Securitization Credit Loan Grade | Initial Securitization Property Valuations Loan Grade | Final Securitization Property Valuations Loan Grade | Initial Securitization Compliance Loan Grade | Final Securitization Compliance Loan Grade | Initial S&P Overall Loan Grade | Final S&P Overall Loan Grade | Initial S&P Credit Loan Grade | Final S&P Credit Loan Grade | Initial S&P Property Valuations Loan Grade | Final S&P Property Valuations Loan Grade | Initial S&P Compliance Loan Grade | Final S&P Compliance Loan Grade | Condition Category | Condition Sub Category | Condition Status | Initial Securitization Condition Grade | Final Securitization Condition Grade | Initial S&P Condition Grade | Final S&P Condition Grade | Condition Code | Condition Description | Condition Material Indicator | Initial Comments | Client/Seller Response Comments | Conclusion Comments | TRID Error Type | Cure Method | Compensating Factors |
| 257NQM0101 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL4033 | Missing Legal Document(s) | No | The Warranty Deed vesting the property solely into the borrower's name is missing from the loan file. | (No Data) | 12/6 Deed provided to clear. | (No Data) | Not Applicable | (No Data) |
| 257NQM0102 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Credit/Mtg History | Satisfied | D | A | D | A | CRDCRMH149 | Missing support docs for VOM/VOR (e.g. cancelled checks) | No | 1003 indicates borrower has been renting subject property for the last 2 years. Bank account ending XXX shows Seller and borrower as account holder. Seller's MTG history show paid from same account in sellers name see (page 14). Need clarification as guidelines require 12-month pay history by one of three methods. See (page 53 of sellers guide). | (No Data) | 1/7/2025: Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Representative credit score 797. |
| 257NQM0103 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | |||||||||||||||
| 257NQM0104 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | |||||||||||||||
| 257NQM0505 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Credit/Mtg History | Satisfied | C | A | C | A | CRDCRMH150 | Tradelines do not meet guidelines | No | The guides require 3 tradelines but only one of the tradelines needs to be seasoned greater than 2 years when the LTV is 65% or less. In this case, the borrowers have no active tradelines and the closed/paid tradelines on the credit report have a late of last activity of XXX or older. The file does include a VOR from a private landlord covering more than 24 months and bank statements showing transfers to the landlord but only for the period from XXX- through XXX and XXX through XXX. The file includes an exception request for the missing XXX rental payment. No approval was found in the file. | (No Data) | 04/17/2025 -Condition is cleared per client this is a 1 score/no score product - XXX guides (page 48) indicate a primary wage earner with 1 or less scores are acceptable if LTV is 65% or less with 2 year full document and housing history for 24 months 0x30 days to be reviewed for a score/no score product. - LTV is XXX% - VOR (page 240) in file from private party (page 53 allows a VOR accepted from private party with a 75% or less LTV) verifies 0x30 for more than 24 months | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 33 months of reserves. |
| 257NQM0505 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER4631 | Loan parameters do not meet guidelines | No | The subject loan has a PPP with the subject property located in MS; however, per the XXX Lending matrix (XXX) a PPP in MS is not allowed. | (No Data) | 04/17/2025 Client provided an email with matrix that shows PPP allowed in MS 1 year 3% (PPP addendum 459) on single family residential - condition is cleared | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 33 months of reserves. |
| 257NQM0217 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 730 qualifying score. Min required per guidelines is 725. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 56.51 months PITI, guidelines required 0 months PITI. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 24 months when 12 months are required. | |||||||||||||||
| 257NQM0238 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: The borrower has lived at the current residence for XXXX years CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified post closing reserves are XXX none required. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 792 qualifying score. Min required per guidelines is 750. | |||||||||||||||
| 257NQM0226 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for 11 years and 2 months. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 668 qualifying score. Min required per guidelines is 650. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 42 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 100.30 months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 257NQM0324 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Insurance | Waived | B | B | B | B | CRDINSR3792 | Insurance policy missing Rent Loss/Business Interruption coverage | No | Insufficient Rent Loss coverage. Guidelines require 6 months PITIA, (XXX x 6 = XXX). Rent Loss coverage of XXX or 5.00 months. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has lived at primary residence for over XXX years. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x38. |
| 257NQM0204 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 714 exceeds min score requirement of 700. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x50. | |||||||||||||||
| 257NQM0273 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Credit score 760 exceeds guidelines 700. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: G1 has mortgage payment history 0x30 since 6/2016. | |||||||||||||||
| 257NQM0112 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: B1 has owned primary residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 746 exceeds guidelines 675. | |||||||||||||||
| 257NQM0128 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 28.55 months PITIA, guidelines required 0 months PITIA. | |||||||||||||||
| 257NQM0098 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 649 exceeds in score requirement of 625. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x27. | |||||||||||||||
| 257NQM0213 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1739:
Postive mortgage payment history - XXX Comments: Mortgage payment history is 0 x 30 for 99 months when 12 months are required. CFCFS1737: LTV below guideline requirements - XXX Comments: Loan approved at XXX LTV, Max 755 | |||||||||||||||
| 257NQM0130 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 669 qualifying score. Min required per guidelines is 650. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 19.72% CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX for 5 years 6 months. | |||||||||||||||
| 257NQM0290 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | A | A | C | B | B | B | C | B | A | A | C | B | B | B | Compliance | Documentation | Waived | B | B | B | B | CMPDOC2500 | Some funds escrowed based on written agreement for completion of improvements to property | No | Final HUD reflects an Escrow Holdback of XXX | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 698 exceeds min score requirement of 675. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 33.68% is below max DTI of 50%. |
| 257NQM0290 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | A | A | C | B | B | B | C | B | A | A | C | B | B | B | Property Valuations | Appraisal | Waived | C | B | C | B | PRVAAPPR151 | Appraisal dated beyond acceptable date range per guidelines | No | Provide appraisal re-cert of value. Appraisal dated XXX is over 120 days old. | client acknowledged exception | Upon further review by Senior Underwriter, appraisal is great than 120 days at closing but client provided additional photos showing subject repairs completed in a profession XXX. Inventory & Sales analysis reflects stable for the last 7 months. Therefore, XXX's final grade B. | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 698 exceeds min score requirement of 675. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 33.68% is below max DTI of 50%. |
| 257NQM0159 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | A | A | C | B | N/A | N/A | C | B | A | A | C | B | N/A | N/A | Property Valuations | FEMA | Satisfied | C | B | C | B | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the (XXX) Fema Disaster- (Wildfires and Straight-Line Winds) | Client provided CA fire map reflecting subject property is not located neat any fires. | XXX's final grade B due to FEMA declaration including the entire county not just the areas with fires. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 711 qualifying score. Min required per guidelines is 700. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 54.17 months PITI, guidelines required 0 months PITIA. |
| 257NQM0248 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 661 exceeds min score requirement of 650. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x25. | |||||||||||||||
| 257NQM0215 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | A | D | B | A | A | D | B | D | A | D | B | A | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Drive Report dated XXX lists seven additional REO's not listed on the 1003. Provide documentation to support disposition of these REO's and applicable PITI to be included in DTI calculation. Additional conditions may apply. | 02/26/2025 lender response Uploading 9 total XXX reports for these properties, either the borrower does not own them (one has same name but different M.I.), the address cannot be validated or they are manufacturing and industrial properties and would not be on the 1003 REO for XXX as they are not residential. | 02/26/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have owned primary residence for XXX years. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 30.21% is below guideline requirement of 50%. |
| 257NQM0215 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | A | D | B | A | A | D | B | D | A | D | B | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing | No | Missing CPA letter or business verification documentation for B2 business XXX | 02/26/2025 lender response: Uploading CPA letter and CPA verification. | 02/26/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have owned primary residence for XXX years. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 30.21% is below guideline requirement of 50%. |
| 257NQM0215 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | A | D | B | A | A | D | B | D | A | D | B | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR237 | Appraisal is stale dated without recertification in file | No | Appraisal dated XXX is 154 days from Note date XXX exceeds the maximum of 120 days with no recertification of value. Provide an appraisal update with photos. | 02/26/2025 lender provided Re-Cert of Value | 02/26/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have owned primary residence for XXX years. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 30.21% is below guideline requirement of 50%. |
| 257NQM0215 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | A | D | B | A | A | D | B | D | A | D | B | A | A | Property Valuations | FEMA | Satisfied | C | B | C | B | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the FEMA Disaster- XXX - Wildfires and Straight-Line Winds. | Client provided CA fire map reflecting subject property is not located neat any fires. | XXX's final grade B due to FEMA declaration including the entire county not just the areas with fires. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have owned primary residence for XXX years. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 30.21% is below guideline requirement of 50%. |
| 257NQM0094 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 747 qualifying score. Min required per guidelines is 725. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 29 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 25.87 months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 257NQM0041 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has owned primary residence for XXX years. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: B1 has mortgage payment history 0x30 since 11/2001. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 798 exceeds guidelines 750. | |||||||||||||||
| 257NQM0182 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | A | A | C | B | N/A | N/A | C | B | A | A | C | B | N/A | N/A | Property Valuations | FEMA | Satisfied | C | B | C | B | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the FEMA Disaster- XXX Wildfires and Straight-Line Winds. | Client provided CA fire map reflecting subject property is not located neat any fires. | XXX's final grade B due to FEMA declaration including the entire county not just the areas with fires. | (No Data) | Not Applicable | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since 7/2015. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX |
| 257NQM0202 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for XXX years. | |||||||||||||||
| 257NQM0265 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have resided in current owner occupied residence for XXX years and XXX months. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 31.13 months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 257NQM0365 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Credit score exceeds 650 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: reserves exceed 12 months | |||||||||||||||
| 257NQM0229 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: B1 has owned primary residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 692 qualifying score. Min required per guidelines is 675. | |||||||||||||||
| 257NQM0071 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | A | A | B | B | N/A | N/A | B | B | A | A | B | B | N/A | N/A | Property Valuations | Appraisal | Waived | B | B | B | B | PRVAAPPR237 | Appraisal is stale dated without recertification in file | No | Appraisal dated XXX is > 120 days from Note date XXX. Lender exception provided. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Cash back at closing XXX resulting in reserves of 111 mos |
| 257NQM0020 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS2854:
Significant time in profession - XXX Comments: Borrower has resided in current owner occupied residence for XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 774 qualifying score. Min required per guidelines is 750. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 99 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 37.18 months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 257NQM0157 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4643 | Borrower does not meet guideline requirements | No | Subject loan is one of nine new loans for this Borrower and all nine new loans are for investment properties. Lender guidelines state maximum number of loans to same Borrower is four, and one must be owner-occupied. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 726 qualifying score. Min required per guidelines is 650. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: B1 has mortgage payment history 0x30 since 6/2012. |
| 257NQM0158 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4643 | Borrower does not meet guideline requirements | No | Subject loan is one of nine new loans for this Borrower and all nine new loans are for investment properties. Lender guidelines state maximum number of loans to same Borrower is four, and one must be owner-occupied. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1739: Postive mortgage payment history - XXX Comments: B1 has mortgage payment history 0x30 since 6/2012. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 726 qualifying score. Min required per guidelines is 650. |
| 257NQM0050 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 668 exceeds min score requirement of 650. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has resided in current residence for XXX years. | |||||||||||||||
| 257NQM0115 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years XXX months. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX. CFCFS1739: Postive mortgage payment history - XXX Comments: Positive mortgage payment history is 0x30x42. | |||||||||||||||
| 257NQM0344 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for XXX years and XXX months. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 713 qualifying score. Min required per guidelines is 700. | |||||||||||||||
| 257NQM0078 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4631 | Loan parameters do not meet guidelines | No | DSCR 0.9294% does not meet the minimum requirement of 1.0% for loan amount XXX | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 758 exceeds guidelines 700. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: B1 has mortgage payment history 0x30 since 9/2003. |
| 257NQM0126 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years XXX month. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX. Required reserves $0. | |||||||||||||||
| 257NQM0181 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower did not meet minimum credit depth of (a) three (3) acceptable tradelines aged individually for a 12 month minimum OR (b) two (2) acceptable tradelines aged individually for a 24 month minimum is required per guidelines. Lender did provide an exception. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is 70%. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 721 qualifying score. Min required per guidelines is 700. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 29.38 months PITI, guidelines required 0 months PITI. |
| 257NQM0241 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has 0 open/active tradelines; guidelines require 3 open/active tradelines. | 3/10/25- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1739:
Postive mortgage payment history - XXX Comments: Mortgage payment history is for 47 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified assets XXX. Cash to close XXX. Post-closing cash reserves XXX 7.13 months reserves. No reserves required. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has resided in current residence for XXX years |
| 257NQM0241 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC888 | Income Amount is Unsupported by Documentation in File | No | Per guidelines, maximum LTV for no Ratio is XXX. Subject LTV is XXX. | 3/10/25- Client uploaded Revised ULAW with Lender exception approval for higher LTV and Comp Factors for review. | (No Data) | (No Data) | Not Applicable | CFCFS1739:
Postive mortgage payment history - XXX Comments: Mortgage payment history is for 47 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified assets XXX. Cash to close XXX. Post-closing cash reserves XXX 7.13 months reserves. No reserves required. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has resided in current residence for XXX years |
| 257NQM0241 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | LTV/CLTV | Waived | C | B | C | B | CRDLTV3028 | LTV Exceeds Guideline Requirement by 10% or more | No | Per guidelines, maximum LTV for no Ratio is XXX Subject LTV is XXX. | 3/10/25- Client uploaded Revised ULAW with Lender exception approval for higher LTV and Comp Factors for review. 3/11/25- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1739:
Postive mortgage payment history - XXX Comments: Mortgage payment history is for 47 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified assets XXX. Cash to close XXX. Post-closing cash reserves XXX 7.13 months reserves. No reserves required. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has resided in current residence for XXX years |
| 257NQM0067 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH2662 | Number of mortgaged properties exceeds guideline limit | No | Per guidelines, XXX limits the number of open loans with the same borrower at any one time to a maximum of four (4) or an aggregate amount of XXX, whichever is less for first mortgages only. Borrower has 5 loan with lender. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 52 months when 12 months are required. |
| 257NQM0276 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Credit score 723 exceeds guidelines 700. | |||||||||||||||
| 257NQM0031 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734:
Borrower has significant time at current job - XXX Comments: Borrower has been XXX with XXX for 6 years and 4 months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 681 qualifying score. Min required per guidelines is 675. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 17 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 73.53 months PITI, guidelines required 0 months PITI. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 10.50%, max per guidelines is 50%. | |||||||||||||||
| 257NQM0253 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV XXX exceeds the maximum of XXX for refinance transaction with 2x30 mortgage history. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: B1 has rented primary residence for XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 742 qualifying score. Min required per guidelines is 725. |
| 257NQM0189 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years XXX months. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX. Required reserves $0. | |||||||||||||||
| 257NQM0220 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years. CFCFS2854: Significant time in profession - XXX Comments: Borrower has significant time in profession, 21 years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX | |||||||||||||||
| 257NQM0264 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 749 qualifying score. Min required per guidelines is 725. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Mortgage payment history is 0 x 30 for 38 and 43 months when 12 months are required. CFCFS1737: LTV below guideline requirements - XXX Comments: Loan approved at XXX LTV, Max 755 | |||||||||||||||
| 257NQM0326 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 747 exceeds min score requirement of 725. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX. Required reserves $0. | |||||||||||||||
| 257NQM0127 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1736: Significant time at current residence - XXX Comments: B1 has owned primary residence for XXX years. | |||||||||||||||
| 257NQM0300 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Verified post closing reserves XXX, none required. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: 687 qualifying score. Min required per guidelines is 675 | |||||||||||||||
| 257NQM0146 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 716 qualifying score. Min required per guidelines is 700. CFCFS1736: Significant time at current residence - XXX Comments: Significant time at current residence, XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX | |||||||||||||||
| 257NQM0252 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years XXX month. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Mortgage payment history is 0 x 30 for 46 months when 12 months are required. | |||||||||||||||
| 257NQM0218 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower only has 1 open tradeline | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 789 exceeds min score requirement of 750. |
| 257NQM0042 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Credit/Mtg History | Satisfied | C | A | C | A | CRDCRMH1805 | Debts/obligations not disclosed/accounted for at origination | No | Borrower obtained two loans from XXX FCU #XXX 08 XXX for XXX each. Provide the new monthly payment for each loan. | 03/04/2025 lender response: Uploading calculation for new payment on the HELOC based on info directly from XXX but closing took place before the updated statement could be generated. | 03/04/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have owned primary residence for XXX years. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 33.40% is below guideline requirement of 50%. CFCFS1734: Borrower has significant time at current job - XXX Comments: B1 has been employed at current job for 24 years. |
| 257NQM0042 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing verification of PITI for new REO at XXX as listed on final 1003. | 03/04/2025 lender response: Uploading PITI for REO property | 03/04/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have owned primary residence for XXX years. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 33.40% is below guideline requirement of 50%. CFCFS1734: Borrower has significant time at current job - XXX Comments: B1 has been employed at current job for 24 years. |
| 257NQM0168 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Credit score 785 exceeds guidelines 750. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX | |||||||||||||||
| 257NQM0318 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737:
LTV below guideline requirements - XXX Comments: Max LTV XXX File LTV XXX CFCFS1736: Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Mortgage payment history 0 x 30 for 34 months, when 12 months are required. | |||||||||||||||
| 257NQM0319 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x34. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has resided in current residence for XXX years. | |||||||||||||||
| 257NQM0277 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX. CFCFS1736: Significant time at current residence - XXX Comments: Significant time at current residence, XXX years XXX months. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX. Required reserves $0. | |||||||||||||||
| 257NQM0160 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Assets | Waived | B | B | B | B | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | Verified assets XXX. Cash to close XXX with reserves XXX. Required reserves XXX x 6 = XXX. Short reserves XXX. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: B1 has mortgage payment history 0x30 since 11/2004. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 794 exceeds guidelines 675. |
| 257NQM0186 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower tradelines have only been open for 3 mos. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 671 exceeds min score requirement of 650. |
| 257NQM0113 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 65 qualifying score. Min required per guidelines is 750. CFCFS1736: Significant time at current residence - XXX Comments: Guarantor has resided in current residence for XXX years. CFCFS2860: Good credit history - XXX Comments: Good credit history with zero past due on credit report. | |||||||||||||||
| 257NQM0150 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | N/A | N/A | C | A | C | A | A | A | N/A | N/A | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR289 | Insufficient Hazard Insurance Coverage | No | Homeowners Insurance coverage XXX is insufficient to cover the loan amount of XXX | 02/19/2025 lender response: Updated Insurance Policy uploaded | 02/19/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 728 exceeds guidelines 700. |
| 257NQM0135 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI below 43% CFCFS1741: Credit score exceeds guidelines - XXX Comments: Exceeds 700 CFCFS2854: Significant time in profession - XXX Comments: Attorney for 20 years | |||||||||||||||
| 257NQM0236 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | Missing Prepayment Penalty from Note and Mortgage. Per seller GL- PPP is required for Business Purpose transactions. Property located in NY and is not subject to available Buyout per Matrix dated XXX ID XXX | 02/10/2025 lender provided Closing package including Prepayment Penalty | 02/10/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: VOR with a rental rating of 0x30x44. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 756 exceeds min credit score of 750. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 18.93% is below max DTI of 50%. |
| 257NQM0171 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have resided in current owner occupied residence for XXX years. | |||||||||||||||
| 257NQM0184 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER113 | Loan amount is below guideline minimum | No | Per guidelines, XXX loan amount does not meet the minimum loan amount of XXX. Lender provided an exception. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 54.72 months PITI, guidelines required 0 months PITI. |
| 257NQM0221 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 790 qualifying score. Min required per guidelines is 750. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX | |||||||||||||||
| 257NQM0285 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Credit score 808 exceeds guidelines 675. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. | |||||||||||||||
| 257NQM0219 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has no open tradelines | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX |
| 257NQM0266 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 718 qualifying score. Min required per guidelines is 700. | |||||||||||||||
| 257NQM0099 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Credit score 790 exceeds guidelines 650. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrower 1 has mortgage payment history 0x30 since 3/2013. | |||||||||||||||
| 257NQM0227 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | B | B | A | A | B | B | B | B | B | B | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER113 | Loan amount is below guideline minimum | No | Loan Amount of XXX is less than minimum per guidelines of XXX. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. |
| 257NQM0227 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | B | B | A | A | B | B | B | B | B | B | A | A | Property Valuations | Property | Waived | B | B | B | B | PRVAPROP177 | Property Issues Indicated | No | Subject is a 9 unit Condominium with guidelines requiring at least 50% of units must be owner occupied. One unit is owner occupied or 11.11%. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. |
| 257NQM0203 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years XXX month. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 803 exceeds min score requirement of 750. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX. Required reserves $0. | |||||||||||||||
| 257NQM0206 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Insurance | Waived | B | B | B | B | CRDINSR3792 | Insurance policy missing Rent Loss/Business Interruption coverage | No | Rent Loss coverage of XXX / XXX = 1.10 months, when guidelines require minimum of 6 months rent loss coverage. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX. Required reserves $0. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 722 exceeds min score requirement of 700. CFCFS2860: Good credit history - XXX Comments: Good credit history of 1x30x148. |
| 257NQM0417 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | Provide the Operating Agreement, Articles of Organization and Certificate of Good Standing for entity for Solid Investment XXX | 04/30/2025 lender provided Articles of Organization | 04/30/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has owned primary residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX |
| 257NQM0139 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | B | B | D | B | N/A | N/A | D | B | B | B | D | B | N/A | N/A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV5736 | LTV Exceeds Guideline Requirement by less than 5% | No | LTV of XXX exceeds max LTV of XXX for a no ratio DSCR. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 671 exceeds min score requirement of 650. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x48. |
| 257NQM0139 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | B | B | D | B | N/A | N/A | D | B | B | B | D | B | N/A | N/A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing updated valuation to support appraisal dated XXX with a value of XXX. ARR in file does not match. | 01/24/2025 lender provided Desk Review | 01/24/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 671 exceeds min score requirement of 650. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x48. |
| 257NQM0139 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | B | B | D | B | N/A | N/A | D | B | B | B | D | B | N/A | N/A | Property Valuations | FEMA | Satisfied | C | B | C | B | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the FEMA Disaster- XXX- Wildfires and Straight-Line Winds. | Client provided CA fire map reflecting subject property is not located neat any fires. | XXX's final grade B due to FEMA declaration including the entire county not just the areas with fires. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 671 exceeds min score requirement of 650. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x48. |
| 257NQM0139 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | B | B | D | B | N/A | N/A | D | B | B | B | D | B | N/A | N/A | Property Valuations | Property | Waived | B | B | B | B | PRVAPROP277 | Currently Listed for Sale | No | Property was listed for sale in the previous 6 mos. Just removed XXX Lender exception approval provided | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 671 exceeds min score requirement of 650. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x48. |
| 257NQM0076 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 646 exceeds min score requirement of 625. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX | |||||||||||||||
| 257NQM0286 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734:
Borrower has significant time at current job - XXX Comments: Borrower has been XXX since XXX (17 years 6 months). CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 785 exceeds min score requirement of 750. CFCFS1739: Postive mortgage payment history - XXX Comments: Positive mortgage payment history 0x30x23 | |||||||||||||||
| 257NQM0235 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x38. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 63.47 mos. | |||||||||||||||
| 257NQM0230 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 765 exceeds min score requirement of 750. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x35. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 29.56% is below max DTI of 50%. | |||||||||||||||
| 257NQM0245 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 810 qualifying score. Min required per guidelines is 740. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 18.35 months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 257NQM0358 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER113 | Loan amount is below guideline minimum | No | Loan amount of XXX is below min requirement of XXX for 40yr Fixed 10 yr IO. Lender exception approval provided. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 716 exceeds min score requirement of 700. |
| 257NQM0072 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has 2 open/active tradelines; guidelines require 3 open/active tradelines. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Verified assets XXX Funds to close XXX = post closing reserves XXX, none required. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. |
| 257NQM0267 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for XXX years and 2 months. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 16.91 months PITIA, guidelines required 0 months PITIA. | |||||||||||||||
| 257NQM0138 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR2400 | Missing Flood Certification Document | No | Flood cert missing from the loan file. | 02/10/2025 lender provided Flood Certificate | 2/10/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: post closing reserves XXX, none required. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Mortgage payment history is 0 x 30 for 40 months when 12 months are required. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 723 qualifying score. Min required per guidelines is 700. |
| 257NQM0034 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has lived at primary residence for over XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 796 exceeds min score requirement of 750. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets/reserves verified XXX or 203.33 mos. | |||||||||||||||
| 257NQM0279 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | B | B | C | B | A | A | C | B | B | B | C | B | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | Provide 12 months rent history at primary residence or rent free letter. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Credit score 800 exceeds guidelines 750. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since 9/2020. |
| 257NQM0279 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | B | B | C | B | A | A | C | B | B | B | C | B | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4631 | Loan parameters do not meet guidelines | No | DSCR 0.9991% is below the minimum required of 1.0% for LTV XXX. Variance based on rent leases provided XXX compared to lender used XXX | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Credit score 800 exceeds guidelines 750. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since 9/2020. |
| 257NQM0279 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | B | B | C | B | A | A | C | B | B | B | C | B | A | A | Property Valuations | FEMA | Satisfied | C | B | C | B | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the FEMA Disaster- XXX- Wildfires and Straight-Line Winds. | Client provided CA fire map reflecting subject property is not located near any fires. | XXX's final grade B due to FEMA declaration including the entire county not just the areas with fires. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Credit score 800 exceeds guidelines 750. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since 9/2020. |
| 257NQM0062 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years. CFCFS1739: Postive mortgage payment history - XXX Comments: Positive mortgage payment history 0x30x28. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX. | |||||||||||||||
| 257NQM0117 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS2860:
Good credit history - XXX Comments: no late payments in the past 12 months CFCFS1741: Credit score exceeds guidelines - XXX Comments: 728 qualifying score. Min required per guidelines is 725. | |||||||||||||||
| 257NQM0261 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 787 qualifying score. Min required per guidelines is 750. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Assets: Assets verified at XXX less cash from XXX equals XXX or 80.47 months PITIA. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 14.39% | |||||||||||||||
| 257NQM0356 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX. Required reserves $0. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 772 qualifying score. Min required per guidelines is 750. | |||||||||||||||
| 257NQM0345 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3028 | LTV Exceeds Guideline Requirement by 10% or more | No | LTV of XXX exceeds max LTV of XXX for DSCR score <1.0. Lender exception provided. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have lived at primary residence for over XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 761 exceeds min score requirement of 750. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x82. |
| 257NQM0048 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: in the home for XXX years CFCFS1741: Credit score exceeds guidelines - XXX Comments: Score exceeds 700 | |||||||||||||||
| 257NQM0007 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Application | Satisfied | D | A | D | A | CRDAPP4625 | The orig file does not contain a third party fraud report | No | The orig file does not contain a third party fraud report | 04/09/2025 lender provided XXX report | 04/09/2025 exception satisfied | Not Applicable | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX |
| 257NQM0435 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV of XXX exceeds max allowable for cash-out STR. Lender exception approval provided. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has been at current residence for over XXX years. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x18. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 46.58% is below max DTI of 50%. |
| 257NQM0418 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL4033 | Missing Legal Document(s) | No | Loan is an Entity loan and ACH automated pymts is required. Missing signed disclosure. | 05/02/2025 lender provided Executed ACH form | 05/02/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Verified assets XXX Funds to close XXX = post-closing reserves XXX. None required. |
| 257NQM0489 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Credit score 692 exceeds guidelines 675. | |||||||||||||||
| 257NQM0447 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR2400 | Missing Flood Certification Document | No | Missing legible flood certification documentation. | 05/01/2025 lender provided Flood Cert | 05/01/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX CFCFS1739: Postive mortgage payment history - XXX Comments: Postive mortgage payment history 0x30x99 |
| 257NQM0419 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734:
Borrower has significant time at current job - XXX Comments: The borrower has held the same job since 2017 CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 36.15%, max per guidelines is 50%. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 748 qualifying score. Min required per guidelines is 725. | |||||||||||||||
| 257NQM0473 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR5351 | Insurance Effective date is greater than the transaction date | No | Missing evidence property was insured prior to the Note date XXX. Effective date of coverage was XXX. | 05/06/2025 lender provided Previous Insurance | 05/06/2025 exception satisfied | Not Applicable | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 707 exceeds min score requirement of 660. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX |
| 257NQM0444 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX | |||||||||||||||
| 257NQM0392 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 777 qualifying score. Min required per guidelines is 750. CFCFS1737: LTV below guideline requirements - XXX Comments: Max LTV XXX File LTV XXX | |||||||||||||||
| 257NQM0401 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for XXX years and XXX months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 748 qualifying score. Min required per guidelines is 725. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 49 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 33.52 months PITIA, guidelines required 0 months PITIA. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 31.60%, max per guidelines is 50%. | |||||||||||||||
| 257NQM0439 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH124 | Collections, Liens, etc. not paid as required by guidelines | No | Open collection from 12.2023 of XXX is less than 2 years old per guidelines and must be paid. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX |
| 257NQM0457 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Compliance | County High Cost | Waived | B | B | B | B | CMPCHC5381 | ILCK High-Cost Loan by exceeding APR threshold | No | XXX Loan by exceeding APR threshold | 5.15.25-Client requested change the Status from Open/Active to Waive/Closed. | 5.15.25-Final Grade B. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 689 qualifying score. Min required per guidelines is 680. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 26.98 months PITI, guidelines required 0 months PITI. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for 14 years and 2 months. |
| 257NQM0430 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have owned primary residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrowers have mortgage payment history 0x30 since 1/2010. | |||||||||||||||
| 257NQM0017 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | C | A | D | B | D | B | A | A | C | A | Compliance | Compliance Manual | Satisfied | C | A | C | A | CMPMAN2990 | 1003 - Final Application is not Accurate | No | Final 1003 marked as XXX, SS number is ITIN. Provide ITIN documentation and correct 1003 to not reflect Non-permanent resident alien. | 05/29/2025 lender response: Loan closed as an ITIN. XXX but the 1003 is not able to show ITIN so the best answer is XXX due to system limitations. | 05/29/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, 11 years. |
| 257NQM0017 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | C | A | D | B | D | B | A | A | C | A | Credit | Application | Satisfied | D | A | D | A | CRDAPP3822 | Missing or incomplete documentation related to citizenship/residency | No | Missing ITIN documentation | 05/29/2025 lender provided ITIN | 05/29/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, 11 years. |
| 257NQM0017 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | C | A | D | B | D | B | A | A | C | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Per guidelines a minimum credit depth of (a) three (3) acceptable tradelines aged individually for a 12 month or a minimum credit depth met of two (2) acceptable tradelines aged individually for a 24 month period is required. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, 11 years. |
| 257NQM0017 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | C | A | D | B | D | B | A | A | C | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | Exception in file for rate of XXX and par, 70% LTV. Max LTV: XXX. Your LTV:XXX | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, 11 years. |
| 257NQM0445 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV XXX exceeds the maximum for purchase transaction of Condotel and STR of XXX. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Borrowers have mortgage payment history 0x30 since 7/2010. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. |
| 257NQM0013 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 740 qualifying score. Min required per guidelines is 660 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Assets: Assets verified at XXX less cash from borrower $ equals XXX OR 5.80 CFCFS1736: Significant time at current residence - XXX Comments: XXX years and 0 months at current residence. | |||||||||||||||
| 257NQM0405 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and 1 months at current residence. | |||||||||||||||
| 257NQM0385 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x21. CFCFS1736: Significant time at current residence - XXX Comments: Borrowers have live at current residence for over XXX years. | |||||||||||||||
| 257NQM0373 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Assets: Assets verified at XXX less cash from borrower XXX equals XXX or 21.20 months PITIA. | |||||||||||||||
| 257NQM0503 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV is XXXX; max allowed per guidelines is XXX CFCFS1736: Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for XXX years. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 122.52 months PITIA, guidelines required 0 months PITIA. | |||||||||||||||
| 257NQM0382 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 680 qualifying score. Min required per guidelines is 620. | |||||||||||||||
| 257NQM0462 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Application | Satisfied | D | A | D | A | CRDAPP2298 | Missing Second Appraisal | No | Provide full first and second appraisal. Only pages 3 of 6 submitted for both. | 04/09/2025 lender provided Appraisal XXX XXX response: One Appraisal received dated XXX with original valuation of XXX. Exception was to provide first and second full Appraisals required by guidelines. Please provided second full Appraisal. Exception remains.04/30/2025 lender provided Appraisal with effective date of XXX | 04/30/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and 0 months at current residence. CFCFS2854: Significant time in profession - XXX Comments: 32 years and 0 months at current profession. CFCFS1737: LTV below guideline requirements - XXX Comments: Max LTV XXX File LTV XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: 692 qualifying score. Min required per guidelines is 640 |
| 257NQM0386 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736:
Significant time at current residence - XXX Comments: The borrower has lived at the current residence for XXX years CFCFS1739: Postive mortgage payment history - XXX Comments: Good mortgage payment history reported to credit. CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: Borrower has a long credit history wit the oldest open trade dated from 1971 with positive payment history. | |||||||||||||||
| 257NQM0410 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL2550 | Missing HUD-1 from sale of property | No | Missing the final settlement statement from original purchase of subject property for XXX as case purchase. | 05/15/2025 lender provided: The Final Settlement Statement is correct. The Loan Amount is XXX. The XXX is the Appraised Value listed correctly in FSS | 05/15/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has owned primary residence for XXX years. |
| 257NQM0410 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4631 | Loan parameters do not meet guidelines | No | Subject collateral is vacant investment property. Vacant investment properties are not eligible for a refinance transaction. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has owned primary residence for XXX years. |
| 257NQM0423 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH104 | Credit score below guidelines | No | Credit Score of 694 less than Guidelines minimum of 700 for Rural property. Lender acknowledged exception. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence XXX years XXX months. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX |
| 257NQM0016 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX | |||||||||||||||
| 257NQM0420 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: The borrower has lived at the current residence for XXX years CFCFS2860: Good credit history - XXX Comments: B3 shows good credit history | |||||||||||||||
| 257NQM0387 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR2400 | Missing Flood Certification Document | No | Missing Flood Cert | 04/22/2025 lender provided Flood Cert | 04/22/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 22.76 mos. |
| 257NQM0374 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing verification of PITIA for REO on XXX with XXX in the amount of XXX as stated on final 1003. | 05/01/2025 lender response: PITIA for the other penthouse uploaded | 05/01/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: B1 has owned primary residence for XXX years. CFCFS1734: Borrower has significant time at current job - XXX Comments: B1 has been XXX at current job for 22 years. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 26.91% is below guideline requirement of 50%. |
| 257NQM0403 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has owned primary residence for XXX years. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since 3/2020. | |||||||||||||||
| 257NQM0486 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR3792 | Insurance policy missing Rent Loss/Business Interruption coverage | No | Missing Rent Loss coverage required by guidelines. | 6/6/25- Client uploaded updated policy with rent loss coverage for review | Exception satisfied | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 787 qualifying score. Min required per guidelines is 640. CFCFS1736: Significant time at current residence - XXX Comments: XXX years and 0 months at current residence. |
| 257NQM0393 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. | |||||||||||||||
| 257NQM0426 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX | |||||||||||||||
| 257NQM0388 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Other than 1 mtg borrower has no open tradelines. | 4/29/25- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: Loan approved at XXX LTV, Max XXX CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified assets XXX Funds to close XXX = post-closing reserves XXX, none required. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history reporting to credit is positive. |
| 257NQM0424 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years XXX months. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX | |||||||||||||||
| 257NQM0440 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 697 qualifying score. Min required per guidelines is 680. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 20.50 months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 257NQM0001 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | A | B | B | A | A | D | B | D | A | B | B | A | A | Credit | Assets | Satisfied | C | A | C | A | CRDAST205 | Insufficient Funds to Close | No | Total assets verified XXX CTC XXX. Short funds to close XXX | 05/17/2025 lender response; Final Settlement Statement for Net proceed from Sold Non subject property used for Cash to close uploaded05/17/2025 XXX response: FSS was not received. Please upload again.05/20/2025 lender provided Final Settlement Statement | 05/20/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1739:
Postive mortgage payment history - XXX Comments: Positive mortgage payment history 0X30X71. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX since 9/15/2004 (20 years 6 months). CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX |
| 257NQM0001 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | A | B | B | A | A | D | B | D | A | B | B | A | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing HOA documentation for XXX | 05/20/2025 lender response: Uploading property profile showing this is an SFR, no HOA dues. | 05/20/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1739:
Postive mortgage payment history - XXX Comments: Positive mortgage payment history 0X30X71. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX since 9/15/2004 (20 years 6 months). CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX |
| 257NQM0001 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | A | B | B | A | A | D | B | D | A | B | B | A | A | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR3792 | Insurance policy missing Rent Loss/Business Interruption coverage | No | Missing hazard insurance coverage to include minimum of 6 months Rent Loss coverage. | 04/22/2025 lender provided: HO6 Policy reflecting Coverage D - Loss of Use as rent loss coverage | 04/22/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1739:
Postive mortgage payment history - XXX Comments: Positive mortgage payment history 0X30X71. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX since 9/15/2004 (20 years 6 months). CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX |
| 257NQM0001 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | A | B | B | A | A | D | B | D | A | B | B | A | A | Property Valuations | Property | Waived | B | B | B | B | PRVAPROP177 | Property Issues Indicated | No | For existing Condo Projects, guidelines require at least 50% to be owner occupied. Of total units of 540, 245 or 45.37% are owner occupied units. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1739:
Postive mortgage payment history - XXX Comments: Positive mortgage payment history 0X30X71. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX since 9/15/2004 (20 years 6 months). CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX |
| 257NQM0498 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: : Assets verified at XXX less cash from borrower XXX equals XXX or 2.53 months PITIA. | |||||||||||||||
| 257NQM0421 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and 0 months at current residence. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 775 qualifying score. Min required per guidelines is 660 | |||||||||||||||
| 257NQM0011 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | A | A | A | B | B | D | B | D | A | A | A | B | B | Compliance | Documentation | Waived | B | B | B | B | CMPDOC5556 | Note P&I doesn't equal XXX's calculated P&I; payment schedule inaccuracy | No | The note in the file states that the monthly payment is in the amount of XXX XXX for the first 60 months and then also says that will be the amount there after. This is an interest only loan and that is not accurate. | 5.7.25-Client acknowledges Note P&I XXX & I/O XXX inaccuracy. Client requests status be waived/closed. | 5.7.25-Final Grade B. | Not Applicable | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrowers have mortgage payment history 0x30 since 4/2008. |
| 257NQM0011 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | A | A | A | B | B | D | B | D | A | A | A | B | B | Credit | Title | Satisfied | D | A | D | A | CRDTIL796 | Missing Title | No | Missing the Title Commitment. | 05/07/2025 lender provided Title report | 05/07/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrowers have mortgage payment history 0x30 since 4/2008. |
| 257NQM0409 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 714 qualifying score. Min required per guidelines is 700. CFCFS1739: Postive mortgage payment history - XXX Comments: Rental payment history is for XXX months when XXX months are required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 51.33 months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 257NQM0448 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 708 qualifying score. Min required per guidelines is 620 CFCFS1736: Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Assets: Assets verified at XXX less cash from borrower XXX equals XXX or 45.85 months PITIA. | |||||||||||||||
| 257NQM0397 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and 0 months at current residence. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Assets: Assets verified at XXX less cash from borrower XXX equals XXX or 136.57 months PITIA. | |||||||||||||||
| 257NQM0474 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: Loan Approved at XXX LTV, Max XXX CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history reporting to credit report is positive. CFCFS1736: Significant time at current residence - XXX Comments: The borrower has lived at the current residence for XXX years | |||||||||||||||
| 257NQM0436 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 20.48% is below guideline requirement of 50%. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since 12/2021. | |||||||||||||||
| 257NQM0389 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Title | Satisfied | D | A | D | A | CRDTIL865 | Title incomplete | No | Provide complete legible title report. | 05/13/2025 lender provided Title report | 05/13/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 637 exceeds min score requirement of 625. |
| 257NQM0390 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | B | B | D | A | N/A | N/A | D | B | B | B | D | A | N/A | N/A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | Maximum LTV for Manufactured home is XXX. Subject LTV is XXX. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current residence for XXX years. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 10.46 months PITI, guidelines required 0 months PITI. |
| 257NQM0390 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | B | B | D | A | N/A | N/A | D | B | B | B | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR101 | Appraisal incomplete (missing map, layout, pages, etc) | No | Missing complete 1004C Appraisal report, including 1007 form for Rent Schedule. | 04/22/2025 lender provided Appraisal | 04/22/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current residence for XXX years. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 10.46 months PITI, guidelines required 0 months PITI. |
| 257NQM0390 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | B | B | D | A | N/A | N/A | D | B | B | B | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR271 | Comp photos are missing | No | Missing comp photos. | 04/22/2025 lender provided Appraisal | 04/22/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current residence for XXX years. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 10.46 months PITI, guidelines required 0 months PITI. |
| 257NQM0390 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | B | B | D | A | N/A | N/A | D | B | B | B | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR281 | Subject Photos are missing | No | Missing subject photos. | 04/22/2025 lender provided Appraisal | 04/22/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current residence for XXX years. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 10.46 months PITI, guidelines required 0 months PITI. |
| 257NQM0390 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | B | B | D | A | N/A | N/A | D | B | B | B | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR284 | Appraiser License Missing | No | Missing appraiser license. | 04/22/2025 lender provided Appraisal | 04/22/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current residence for XXX years. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 10.46 months PITI, guidelines required 0 months PITI. |
| 257NQM0437 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for XXX years and XXX months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 753 qualifying score. Min required per guidelines is 740. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 107.49 months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 257NQM0398 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1739:
Postive mortgage payment history - XXX Comments: Positive mortgage payment history verified with canceled checks. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Minimum credit score required for XXX LTV cash out is 640, borrowers middle score appearing on credit is 796 CFCFS1737: LTV below guideline requirements - XXX Comments: Loan approved at XXX LTV, Max XXX | |||||||||||||||
| 257NQM0454 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 813 exceeds min score requirement of 750. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Mortgage payment history of 0x99 exceeds guidelines of 0x12.. | |||||||||||||||
| 257NQM0422 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1739:
Postive mortgage payment history - XXX Comments: Mortgage payment history reporting to credit is positive. CFCFS1737: LTV below guideline requirements - XXX Comments: Loan approved at XXX LTV, Max XXX | |||||||||||||||
| 257NQM0449 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and 0 months at current residence. CFCFS2854: Significant time in profession - XXX Comments: 20 years and 3 months at current profession. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 808 qualifying score. Min required per guidelines is 600. | |||||||||||||||
| 257NQM0455 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x29. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 70.89 mos. | |||||||||||||||
| 257NQM0438 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since 12/2006. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX | |||||||||||||||
| 257NQM0004 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x40. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified assets for reserves $XXX or 10.32 mos. None required. | |||||||||||||||
| 257NQM0378 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS2854:
Significant time in profession - XXX Comments: 7 years and 6 months at current profession. CFCFS1736: Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 745 qualifying score. Min required per guidelines is 660. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 30.37% | |||||||||||||||
| 257NQM0500 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 27.43% is below guideline requirement of 50%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrowers have mortgage payment history 0x30 since 3/2007. | |||||||||||||||
| 257NQM0003 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing verification of taxes for REO on XXX and PITI for REO's on XXX & XXX for new loans with XXX Lending as stated on the final 1003. | 06/12/2025 lender response: Uploading PITI and tax info for the 3 REOs | 06/12/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Borrowers have mortgage payment history 0x30 since XXX. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 26.35% is below guideline requirement of 50%. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX% is below guideline requirements of 80%. |
| 257NQM0487 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 764 qualifying score. Min required per guidelines is 700 | |||||||||||||||
| 257NQM0008 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower only has 1 open tradeline. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI of 17.63% is below max DTI of 50%. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX% is below max LTV of 75%. |
| 257NQM0008 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing proof of PITIA- REO XXX to support mthly pymt of $XXX | 06/11/2025 lender response: Final CD for PITI uploaded showing PITIA for new XXX loan | 06/11/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI of 17.63% is below max DTI of 50%. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX% is below max LTV of 75%. |
| 257NQM0431 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 776 exceeds min score requirement of 750. CFCFS1739: Postive mortgage payment history - XXX Comments: Postive mortgage payment history 0x30x99. | |||||||||||||||
| 257NQM0432 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 784 qualifying score. Min required per guidelines is 780. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 48 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or XXX months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 257NQM0411 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 769 qualifying score. Min required per guidelines is 760. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 30.29 months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 257NQM0376 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Insurance | Waived | D | B | D | B | CRDINSR3792 | Insurance policy missing Rent Loss/Business Interruption coverage | No | Per HOI, loss of use coverage of XXX does not meet requirement of 6 months loss of XXX | 06/12/2025 lender response: Updated ULAW with comp factors uploaded reflecting added exception for missing rent loss coverageXXX XXX response: Upon further review by XXX Sr Underwriter, exception considered non-material; Final Grade B. Comp Factors for Credit Score, Reserves, Mortgage Payment History and Time at current residence.06/13/2025 client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have resided in current owner occupied residence for XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 775 qualifying score. Min required per guidelines is 760. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 99 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 38.31 months PITIA, guidelines required 0 months PITIA. |
| 257NQM0499 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Assets | Satisfied | D | A | D | A | CRDAST2670 | Asset documentation is insufficient per guideline requirements | No | Missing documentation from UWM Heloc XXX confirming net proceeds of XXX used for funds to close. | 05/21/2025 lender provided Th UHM draw sheet shows the source of funds. Page 2 of the closing funds shows closing funds from HELOC XXX XXX is agreeable with this wording reflected on the wire receipt as proof of the source | 05/21/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 28.42% is below guideline requirement of 50%. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 714 exceeds guidelines 640. |
| 257NQM0499 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing verification of second lien with UWM HELOC XXX with PI payment of $1,250.00 as stated on the final 1003 on REO located on XXXX. | 05/25/2025 lender response: Uploading UHM draw sheet, using the lower I/O payment for DTI | 05/25/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 28.42% is below guideline requirement of 50%. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 714 exceeds guidelines 640. |
| 257NQM0375 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: B1 has owned primary residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 707 exceeds guidelines 640. | |||||||||||||||
| 257NQM0427 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 31.04% is below guideline requirement of 50%. CFCFS1734: Borrower has significant time at current job - XXX Comments: B1 has been XXX at current job for 7 years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 789 exceeds guidelines 640. | |||||||||||||||
| 257NQM0463 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 701 qualifying score. Min required per guidelines is 660. | |||||||||||||||
| 257NQM0379 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 710 exceeds min score requirement of 640. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV requirement of XXX | |||||||||||||||
| 257NQM0428 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 7.14% is below guideline requirement of 50%. CFCFS2854: Significant time in profession - XXX Comments: B1 has been in the same profession for 10 years. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: B1 has mortgage payment history 0x30 since 11/2014. | |||||||||||||||
| 257NQM0441 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has owned subject investment property for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX | |||||||||||||||
| 257NQM0433 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Insurance | Waived | B | B | B | B | CRDINSR3792 | Insurance policy missing Rent Loss/Business Interruption coverage | No | Hazard insurance does not coverage required rent loss. lender exception approval provided since Cash back of XXX/ PITIA XXX= 46.49 mos reserves, sufficient to cover more than 12 mos rent loss. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x93. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has lived at current residence for over XXX years. |
| 257NQM0412 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736:
Significant time at current residence - XXX Comments: The borrower has lived at the current residence for XXX years CFCFS1737: LTV below guideline requirements - XXX Comments: Loan approved at XXX LTV, Max XXX CFCFS1739: Postive mortgage payment history - XXX Comments: credit report in file shows a positive mortgage payment history. | |||||||||||||||
| 257NQM0504 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for XXX years and XXX months. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: 687 qualifying score. Min required per guidelines is 680. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 99 months when 12 months are required. | |||||||||||||||
| 257NQM0492 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3028 | LTV Exceeds Guideline Requirement by 10% or more | No | Max LTV is XXX for Purchase with No Ratio DSCR. Subject is XXX LTV. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1739:
Postive mortgage payment history - XXX Comments: Mortgage payment history is for 34 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 37.37 months PITI, guidelines required 0 months PITI. |
| 257NQM0458 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have owned primary residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 820 exceeds guidelines 640. | |||||||||||||||
| 257NQM0413 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Living in the current home for XXX years CFCFS1741: Credit score exceeds guidelines - XXX Comments: Exceeds 700 | |||||||||||||||
| 257NQM0399 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 11.47 mos. | |||||||||||||||
| 257NQM0466 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | Missing 12 month mortgage payment history for subject property to XXX | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Credit score 782 exceeds guidelines 750. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrower has prior mortgage history 0x30 from 10/2014-5/2023. |
| 257NQM0429 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734:
Borrower has significant time at current job - XXX Comments: Borrower has been XXX with XXX XXX for 27 years and 3 months. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: 746 qualifying score. Min required per guidelines is 740. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 18.95%, max per guidelines is 50.49%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 12.63 months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 257NQM0483 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | A | A | B | B | A | A | B | B | A | A | B | B | A | A | Property Valuations | Property | Waived | B | B | B | B | PRVAPROP2558 | Missing evidence of carbon monoxide detector, as required by CA State law | No | Per appraisal, CO unit to be installed. There is no updated certification showing it had been installed. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have resided in current owner occupied residence for XXX years and XXX months. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: 809 qualifying score. Min required per guidelines is 780. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 522.84 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 522.84 months PITIA, guidelines required 0 months PITIA. |
| 257NQM0014 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since XXX. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has owned primary residence for 4 years. | |||||||||||||||
| 257NQM0402 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Mortgage payment history is 0 x 30 for 83 months when 12 months are required. CFCFS1736: Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 736 qualifying score. Min required per guidelines is 640. | |||||||||||||||
| 257NQM0478 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence XXX years XXX months. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 820 exceeds min score requirement of 750. | |||||||||||||||
| 257NQM0475 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736:
Significant time at current residence - XXX Comments: B2 has lived at their current residence for XXX years CFCFS1737: LTV below guideline requirements - XXX Comments: Loan approved at XXX, Max XXX CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history reporting to credit reports in file is positive. | |||||||||||||||
| 257NQM0406 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 768 qualifying score. Min required per guidelines is 760. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 76 months when 12 months are required. | |||||||||||||||
| 257NQM0450 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: Per guidelines, the maximum LTV is XXX Loan closed with LTV of XXX CFCFS2860: Good credit history - XXX Comments: Credit line usage ratio of 27.16%. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has owned current residence for XXX years and XXX months. | |||||||||||||||
| 257NQM0480 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | Lender Exception approval in file for rate XXX% and XXX, XXX LTV For Purchase - Max LTV: XXX. Your LTV:XXX | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years XXX month. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 744 exceeds min score requirement of 725. CFCFS1739: Postive mortgage payment history - XXX Comments: Postive mortgage payment history 0x30x15. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX. Required reserves $0. |
| 257NQM0434 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Credit score 739 exceeds guidelines 700. CFCFS1734: Borrower has significant time at current job - XXX Comments: B1 has been XXX at current job for XXX years. | |||||||||||||||
| 257NQM0493 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR3792 | Insurance policy missing Rent Loss/Business Interruption coverage | No | Missing Rent Loss insurance coverage required by Guidelines. | 05/14/2025 lender provided HO6 Policy reflecting Rent loss Coverage | 05/14/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS2854: Significant time in profession - XXX Comments: 8 years and 0 months at current profession. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 783 qualifying score. Min required per guidelines is 640. |
| 257NQM0476 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734:
Borrower has significant time at current job - XXX Comments: Borrower has been XXX since 4.1.2002 or 23 years 1 month. CFCFS1736: Significant time at current residence - XXX Comments: Significant time at current residence, XXX years XXX months. CFCFS1739: Postive mortgage payment history - XXX Comments: Postive mortgage payment history 0x30x63. | |||||||||||||||
| 257NQM0107 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x99. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 692 exceeds min score of 692 exceeds min score requirement of 675. | |||||||||||||||
| 257NQM0109 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR3792 | Insurance policy missing Rent Loss/Business Interruption coverage | No | Missing Rent Loss coverage required by guidelines | 02/26/2025 lender provided Rent Loss Coverage Clarification | 02/26/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has owned primary residence for XXX years. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since 12/2007. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. |
| 257NQM0464 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | A | A | D | B | D | B | A | A | A | A | D | B | Compliance | Compliance Manual | Satisfied | D | A | D | A | CMPMAN2956 | Missing disclosure | No | Provide LE issued XXX | 5.15.25-Client provided LE issued XXX. | 5.15.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX since 1/1/2005 or 20 years, 3 months. CFCFS1739: Postive mortgage payment history - XXX Comments: Postive mortgage payment history 0X30X49. |
| 257NQM0464 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | A | A | D | B | D | B | A | A | A | A | D | B | Compliance | Texas Home Equity | Satisfied | C | B | C | B | CMPTXHE108 | TX Equity - Total fees greater than the allowable cap | No | Adjusted Charges of XXX equal to 2.374%; Maximum charges allowed XXX or 2.000%; charges exceed by XXX or .374%. Provide most recent Loan Detail Report as close to closing as possible. | 5.15.25-Client provided LDR with Date of Report of XXX. Pre-discounted Rate is shown as 6.625% which is the Interest Rate shown on the Note. Provide Pre-discounted Rate.5.29.25-Client provided LDR with Date of Report of XXX. Pre-discounted Rate is shown as 7.625%. | 5.15.25-Exception Remains.5.29.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX since 1/1/2005 or 20 years, 3 months. CFCFS1739: Postive mortgage payment history - XXX Comments: Postive mortgage payment history 0X30X49. |
| 257NQM0459 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | Compliance | Compliance Manual | Satisfied | D | A | D | A | CMPMAN2956 | Missing disclosure | No | Provide LE's issued XXX & XXX to include proof of receipt for both. | 5.15.25-Client provided LE's issued XXX & XXX | 5.15.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 16.45% is below guideline requirement of 50%. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 from 1/2018-7/2024. |
| 257NQM0191 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing | No | Missing the VVOE for each borrower dated within 10 calendar days of Note date XXX. | 01/13/2025 lender provided VVOEs | 01/13/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 775 exceeds guidelines 750. |
| 257NQM0288 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | C | B | A | A | C | B | A | A | C | B | A | A | Property Valuations | FEMA | Satisfied | C | B | C | B | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the FEMA Disaster- XXX- Wildfires and Straight-Line Winds | Client provided CA fire map reflecting subject property is not located neat any fires. | XXX's final grade B due to FEMA declaration including the entire county not just the areas with fires. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years XXX months. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX since 5/10/2019 ( 5 years 5 months). CFCFS1739: Postive mortgage payment history - XXX Comments: Positive mortgage payment history 0x30x14. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 670 exceeds min score requirement of 650. |
| 257NQM0205 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: reserves exceeds 12 months CFCFS2854: Significant time in profession - XXX Comments: XXX for 14 years CFCFS1741: Credit score exceeds guidelines - XXX Comments: Score exceeds 650 | |||||||||||||||
| 257NQM0199 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: B1 has mortgage payment history 0x30 since 3/2016. CFCFS2854: Significant time in profession - XXX Comments: B1 has been XXX in same profession for 10 years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 803 qualifying score. Min required per guidelines is 750. | |||||||||||||||
| 257NQM0337 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Assets | Waived | B | B | B | B | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | 6 months reserves required XXX x 6 = XXX. Verified reserves are XXX. Documented reserves are less than the required reserves. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current residence for XXX years. CFCFS1744: DTI below guideline requirement - XXX Comments: Loan DTI of 22.89% is less than the maximum DTI of 50% |
| 257NQM0339 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 708 exceeds guidelines 600. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 43.12% is below guideline requirement of 50%. | |||||||||||||||
| 257NQM0188 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 18.68 mos. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 34.68% is below max DTI of 50%. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has lived at current residence for over XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX. | |||||||||||||||
| 257NQM0231 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: 732 qualifying score. Min required per guidelines is 650. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 20 months when 12 months are required. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 3.95%, max per guidelines is 50%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 12.47 months PITIA, guidelines required 0 months PITIA. | |||||||||||||||
| 257NQM0060 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Income/Employment | Waived | B | B | B | B | CRDINC2408 | Income verification does not meet guidelines | No | Exception in file for max less than 24 month XXX history and Credit score under 650- Max Credit Score: 650. Your Credit Score 637. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI is 25.60%, max per guidelines is 50%. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for XXX years XXX months. |
| 257NQM0142 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 740 exceeds min score requirement of 725. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has lived at subject property for over XXX years. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: VOM with a mortgage rating of 0x30x99. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 31.09% is below max DTI of 50%. | |||||||||||||||
| 257NQM0316 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744:
DTI below guideline requirement - XXX Comments: Max DTI 50% File 33.51% CFCFS1741: Credit score exceeds guidelines - XXX Comments: 687 qualifying score. Min required per guidelines is 675. CFCFS2854: Significant time in profession - XXX Comments: 3 years and 8 months in current profession. | |||||||||||||||
| 257NQM0051 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4631 | Loan parameters do not meet guidelines | No | Subject property was listed for sale less than 6 months prior and was taken off market. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: B1 has owned subject residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX |
| 257NQM0270 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | Finance Charge Tolerance | Satisfied | C | B | C | B | CMPFINT106 | Finance charge understated by more than $100 (Pmt Stream) | No | Final CD XXX disclosed finance charges of XXX, per XXX paystream calculations, finance charges are XXX, resulting in understated finance charges of XXX. Unable to determine source of understatement. | 1.28.25-Client provided Loan Detail Report. The Condo Questionnaire fee is an APR fee per our testing but the LDR shows it is not an APR fee per the Clients testing. Is the Condo Questionnaire fee a Condition of Lending?2.21.25-Client states "The Condo Questionnaire fee is required to determine monthly HOA fees and is paid to a third-party."Our outside counsel is firm that it is a finance charge if it is required by the lender or investor.2.27.25-Client provided PCCD issued XXX, copy of Refund Check and copy of Tracking information. | 1.28.25-Exception Remains.2.21.25-Exception Remains.2.26.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: credit score exceeds 600 CFCFS1737: LTV below guideline requirements - XXX Comments: LTV below XXX |
| 257NQM0270 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | Finance Charge Tolerance | Satisfied | C | B | C | B | CMPFINT4372 | TILA/TRID-Disclosed Amount Financed is higher than XXX's calculated Amount Financed | No | Final CD XXX disclosed Amount Financed of XXX, per XXX paystream calculations, Amount Financed are XXX, resulting in a difference of XXX. Unable to determine source of difference. | 1.28.25-Client provided Loan Detail Report. The Condo Questionnaire fee is an APR fee per our testing but the LDR shows it is not an APR fee per the Clients testing. Is the Condo Questionnaire fee a Condition of Lending?2.21.25-Client states "The Condo Questionnaire fee is required to determine monthly HOA fees and is paid to a third-party."Our outside counsel is firm that it is a finance charge if it is required by the lender or investor.2.27.25-Client provided PCCD issued XXX, copy of Refund Check and copy of Tracking information. | 1.28.25-Exception Remains2.21.25-Exception Remains2.27.25-Exception Satisfied | Numeric | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: credit score exceeds 600 CFCFS1737: LTV below guideline requirements - XXX Comments: LTV below XXX |
| 257NQM0297 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the XXX Hurricane XXX. | 01/09/2025 lender provided Post Disaster Inspection Report | 01/09/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 772 qualifying score. Min required per guidelines is 750. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 29.29% |
| 257NQM0212 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734:
Borrower has significant time at current job - XXX Comments: The borrower has been XXX for 5 years CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 776 qualifying score. Min required per guidelines is 750. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 32.40%, max per guidelines is 50%. | |||||||||||||||
| 257NQM0116 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | A | A | B | B | A | A | B | B | A | A | B | B | A | A | Property Valuations | FEMA | Waived | B | B | B | B | PRVAFEMA856 | Natural Disaster Area, no subsequent inspection (Public) | No | No inspection since the FEMA Disaster XXX- Hurricane XXX- XXX grades FEMA: Natural Disaster Area, no subsequent inspection (Public) as a non-material B due to the fact that FEMA Public Assistance disasters encompass work eligible for reimbursement through a public assistance grant. These can include: debris removal, emergency protective measures, maintenance of roads and bridges, water control facilities, utilities, parks and recreational facilities. Public Assistance does not indicate that damage has occurred to personal property and does not have a substantive impact on the property. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Credit score 800 exceeds guidelines 750. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. |
| 257NQM0064 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof CD issued XX was received at least 3 business days prior to Closing date of XXX | 2.13.25-Client provided Doc Magic log showing CD XXX was not sent to borrower. Client states Document package was generated, but not issued. | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 703 exceeds min score requirement of 700. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX. Required reserves $0. |
| 257NQM0247 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR275 | Completed "Subject To" w/o Completion Cert in File | No | Appraisal completed "subject to" without the Appraisal Completion report 1004D provided. Invoice in file. | 01/10/2025 lender provided 1004D | 01/10/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 25.91% is below guideline requirement of 43%. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: 817 qualifying score. Min required per guidelines is 750. |
| 257NQM0232 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | Compliance | State Consumer Protection | Satisfied | D | A | D | A | CMPSTCP2057 | Illinois Pred Lend Database - No Cert of Compliance or Cert of Exemption in file | No | Provide Illinois Cert of Compliance or Illinois Cert of Exemption. | 1.31.25-Client provided IL Cert of Compliance. | 1.31.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: The borrowers have lived at the same residence for XXX years |
| 257NQM0341 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower only has 1 open tradeline | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1734:
Borrower has significant time at current job - XXX Comments: Borrower has been XXX business owner for over 5 years. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has been at current residence for over XXX years CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 7.44mos. 6 mos required. |
| 257NQM0208 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 731 exceeds min score requirement of 725. CFCFS1736: Significant time at current residence - XXX Comments: Borrowers have lived at subject property for over XXX years CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x99. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 33.02% is below max DTI of 50%. | |||||||||||||||
| 257NQM0141 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof CD XXX was received at least 3 business days prior to Closing. | 1.28.25-Client provided CD e-signed & issued XXX. | 1.28.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS2854:
Significant time in profession - XXX Comments: 30 years and 0 months in current profession. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 722 qualifying score. Min required per guidelines is 700. |
| 257NQM0141 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof CD XXX was received at least 3 business days prior to Closing. | 1.28.25-Client provided CD e-signed & issued XXX | 1.28.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS2854:
Significant time in profession - XXX Comments: 30 years and 0 months in current profession. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 722 qualifying score. Min required per guidelines is 700. |
| 257NQM0190 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: B1 has mortgage payment history 0x30 since 7/2012. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 4.91% is below guideline requirement of 50%. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX | |||||||||||||||
| 257NQM0278 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | D | A | D | A | CRDTER146 | Missing lender's loan approval/underwriting form | No | Missing Lender's Loan Approval Worksheet. | 01/01/2025 lender response: Approval uploaded01/01/2025 XXX response: Upload was the Conditional Loan Approval. Exception is to provide Lender's Loan Approval Worksheet. Exception remains.01/03/2025 lender provided Underwriting Worksheet | 01/03/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: The borrower has lived at the current residence for XXX years CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 41.24%, max per guidelines is 50%. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 668 qualifying score. Min required per guidelines is 650. |
| 257NQM0032 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | Missing rent payment history from XXX | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 25.65% is below guideline requirement of 50%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. |
| 257NQM0192 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 25.05% is below guideline requirement of 50%. CFCFS2854: Significant time in profession - XXX Comments: B1 has been XXX at current job for 9 years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX | |||||||||||||||
| 257NQM0301 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Application | Satisfied | D | A | D | A | CRDAPP3822 | Missing or incomplete documentation related to citizenship/residency | No | Missing both borrowers unexpired VISA's required per guidelines for XXX | 02/19/2025 lender provided EAD cards for both borrowers | 02/19/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI is 35.73%, max per guidelines is 50%. CFCFS1736: Significant time at current residence - XXX Comments: Significant time at current residence, XXX years. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has significant time at current job, 5 years 7 months. CFCFS2854: Significant time in profession - XXX Comments: Co-borrower has significant time in profession, 15 years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX |
| 257NQM0152 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Compliance | Right of Rescission | Waived | B | B | B | B | CMPROR1909 | Incorrect ROR Form Used - H8 Form Used in Refinance With Original Creditor | No | Regulation Z designates the H9 rescission form as the form designed for same lender refinance transactions; for this loan the lender is using the H8 form. Regulation Z has language allowing the use of a substantially similar notice. XXXs view has been that an H8 protects the lender and assignee to at least the same extent as an H9, but XXX recognized that one could think that the mere existence of the H9 takes away the substantially similar notice argument. The majority of XXX that have opined on the issue have upheld the use of an H8 in a same-lender refinance; therefore, XXX grades the use of an H8 form in a same-lender refinance as a level 2/B- Non Material exception in those Circuits that have not decided on this issue. | Client acknowledged tradeline exception. | Final Grade B. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have owned subject property for 32 years. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 43.97% is below guideline requirement of 50%. |
| 257NQM0216 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | Missing XXX months rental history from departure residence. | 1/20/24- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS2854:
Significant time in profession - XXX Comments: B1 has been XXX in same profession for 10 years. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines XXX |
| 257NQM0216 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV XXX exceeds the maximum of XXX with FICO 692. Lender approval in file. | 1/20/24- Client acknowledged exception | Final Grade B | (No Data) | Not Applicable | CFCFS2854:
Significant time in profession - XXX Comments: B1 has been XXX in same profession for 10 years. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines XXX |
| 257NQM0193 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR5353 | Insurance Expiration date is prior than the transaction date | No | Missing current Condo Master Policy. Copy in file expired XXX. | 01/16/2025 lender response: Master Policy uploaded reflecting expiration date of XXX | 01/16/2025 exception satisfied | Not Applicable | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 787 exceeds min score requirement of 750. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x49. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 40.67% is below max DTI of 43%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 44 mos |
| 257NQM0193 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV5736 | LTV Exceeds Guideline Requirement by less than 5% | No | LTV of XXX exceeds max LTV of XXX for Condotel. Lender exception provided | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 787 exceeds min score requirement of 750. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x49. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 40.67% is below max DTI of 43%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 44 mos |
| 257NQM0284 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3028 | LTV Exceeds Guideline Requirement by 10% or more | No | LTV of XXX is below max LTV of XXX. Lender exception approval provided | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 669 exceeds min score requirement of 650. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x22. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 40.31% is below max DTI of 50%. |
| 257NQM0194 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Borrowers have mortgage payment history 0x30 since 6/2012. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 18.79% is below guideline requirement of 50%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines of $0. | |||||||||||||||
| 257NQM0211 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1739: Postive mortgage payment history - XXX Comments: Positive mortgage payment history 0x30x16. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 749 exceeds min score requirement of 725. | |||||||||||||||
| 257NQM0332 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC2408 | Income verification does not meet guidelines | No | Third-party prepared P&L Statement should cover the past one 1 and YTD for the business and in no event less than 12 months (no pro forma) for borrowers XXX business on tax preparers letterhead. P&L for 2023 needed. | 01/23/2025 lender provided P&L starting in 2023 | 01/23/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS2854: Significant time in profession - XXX Comments: 8 years and 0 months in current profession. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 21.13% CFCFS1741: Credit score exceeds guidelines - XXX Comments: 658 qualifying score. Min required per guidelines is 650. |
| 257NQM0075 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI is 45.88%, max per guidelines is 50%. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX | |||||||||||||||
| 257NQM0069 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH104 | Credit score below guidelines | No | Credit score 649 is below the minimum for rural properties of 680. Lender exception in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have owned subject property for XXX years. CFCFS1734: Borrower has significant time at current job - XXX Comments: B1 has been XXX at current job for 19 years. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 21.72% is below guideline requirement of 50%. |
| 257NQM0069 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV XXX exceeds the maximum of XXX for rural properties. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have owned subject property for XXX years. CFCFS1734: Borrower has significant time at current job - XXX Comments: B1 has been XXX at current job for 19 years. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 21.72% is below guideline requirement of 50%. |
| 257NQM0132 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | Texas Home Equity | Satisfied | C | B | C | B | CMPTXHE118 | Texas Equity - Affidavit of Fair Market Value not signed by borr/owners | No | Provide Fair Market Value Document signed by borrower(s). | 1.28.25-Client provided Fair Market Value Document signed by borrower & Lender. | 1.28.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 681 qualifying score. Min required per guidelines is 675. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 8.82%, max per guidelines is 50%. CFCFS2854: Significant time in profession - XXX Comments: Significant time in profession, 8 years. |
| 257NQM0040 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1734: Borrower has significant time at current job - XXX Comments: First Impressions Printing-Borrower has been XXX since 12.15.2012 (12 years). CFCFS1741: Credit score exceeds guidelines - XXX Comments: 686 qualifying score. Min required per guidelines is 675. | |||||||||||||||
| 257NQM0321 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 34.52% is below guideline requirement of 50%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. | |||||||||||||||
| 257NQM0043 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 784 qualifying score. Min required per guidelines is 750 CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 38.24%, max per guidelines is 50%. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX CFCFS1736: Significant time at current residence - XXX Comments: The borrower has lived at the same residence for XXX years | |||||||||||||||
| 257NQM0228 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has one open/active tradeline, guidelines require 3 open/active tradelines. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 36.90% is less than the maximum of 50% CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX max allowed per guidelines is XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 783 qualifying score. Min required per guidelines is 750. |
| 257NQM0195 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers rented departure residence for XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 761 exceeds guidelines 700. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 42.05%, max per guidelines is 50%. | |||||||||||||||
| 257NQM0263 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS2854:
Significant time in profession - XXX Comments: Significant time in profession, 7 years 3 months. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX Required reserves XXX | |||||||||||||||
| 257NQM0268 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | C | B | A | A | C | B | A | A | C | B | A | A | Property Valuations | FEMA | Satisfied | C | B | C | B | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the Fema Disaster- XXX-Wildfires and Straight-Line Winds. | Client provided CA fire map reflecting subject property is not located neat any fires. | XXX's final grade B due to FEMA declaration including the entire county not just the areas with fires. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 778 exceeds min score requirement of 750. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 1x30x99. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has lived at current residence for over XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV XXX CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets/ reserves verified XXX or 15.49 mos. |
| 257NQM0303 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower only has 1 open tradeline | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 798 exceeds min score requirement of 750. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 28.24% is below max DTI of 50%. |
| 257NQM0367 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: B1 has mortgage payment history 0x30 since 8/2019. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 790 exceeds guidelines 750. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines XXX. | |||||||||||||||
| 257NQM0061 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | Finance Charge Tolerance | Satisfied | C | B | C | B | CMPFINT106 | Finance charge understated by more than $100 (Pmt Stream) | No | Provide reason for exclusion of Condo Questionnaire fee from APR fees. | 1.9.25-Client requested cure amount, XXX.1.20.25-Client provided PCCD issued XXX, copy of refund check & tracking information. | 1.9.25-Exception Remains.1.9.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 802 exceeds guidelines 600. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. |
| 257NQM0061 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | Finance Charge Tolerance | Satisfied | C | B | C | B | CMPFINT4372 | TILA/TRID-Disclosed Amount Financed is higher than XXX's calculated Amount Financed | No | Provide reason for exclusion of Condo Questionnaire fee from APR fees. | 1.9.25-Client requested cure amount, XXX.1.20.25-Client provided PCCD issued XXX, copy of refund check & tracking information. | 1.9.25-Exception Remains.1.20.25-Exception satisfied. | Numeric | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 802 exceeds guidelines 600. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. |
| 257NQM0342 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI is 18.92%, max per guidelines is 50%. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Rental payment history is for 123 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified post closing reserves XXX, none required. | |||||||||||||||
| 257NQM0106 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 773 exceeds guidelines 750. CFCFS1736: Significant time at current residence - XXX Comments: Borrower rented prior residence for XXX years. | |||||||||||||||
| 257NQM0298 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Credit score 742 exceeds guidelines 650. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines XXX CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 40.82%, max per guidelines is 50%. | |||||||||||||||
| 257NQM0074 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 779 qualifying score. Min required per guidelines is 750. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Assets: Assets verified at XXX less cash from borrower $308,075.68 equals XXX or 786.68 months PITIA. | |||||||||||||||
| 257NQM0225 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD XXX was received at least 3 business days prior to Closing. | 1.16.25-Client provided Initial CD issued & e-signed XXX. | 1.16.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX. CFCFS1736: Significant time at current residence - XXX Comments: B1 owned departure residence for XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 776 exceeds guidelines 750. |
| 257NQM0225 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD XXX was received at least 3 business days prior to Closing. | 1.16.25-Client provided Initial CD issued & e-signed XXX. | 1.16.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX. CFCFS1736: Significant time at current residence - XXX Comments: B1 owned departure residence for XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 776 exceeds guidelines 750. |
| 257NQM0033 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1736: Significant time at current residence - XXX Comments: B1 has owned subject residence for XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 731 exceeds guidelines 700. | |||||||||||||||
| 257NQM0259 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | B | C | B | B | B | A | A | C | B | Compliance | Right of Rescission | Satisfied | C | B | C | B | CMPROR1911 | Incorrect ROR Form Used - H9 Form Used in Refinance With Different Creditor | No | H9 (increase amount of credit) ROR form used for this NON-lender to lender refinance. H8 (will result in mortgage) was the proper form. | 3.12.25-Client stated "Signed NRTC H-8 form uploaded." The document mentioned was not uploaded, please upload.3.13.25-Client provided Signed NRTC H-8. | 3.12.25-Exception remains.3.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1736: Significant time at current residence - XXX Comments: Borrowers have been at current residence for over XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 782 exceeds min score requirement of 750. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets/ reserves verified XXX or 27.16 mos. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 43.45% is below max DTI of 50%. |
| 257NQM0259 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | B | C | B | B | B | A | A | C | B | Credit | Income/Employment | Waived | B | B | B | B | CRDINC2408 | Income verification does not meet guidelines | No | Only 1 year tax returns provided for self employed. Lender exception approval provided. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1736: Significant time at current residence - XXX Comments: Borrowers have been at current residence for over XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 782 exceeds min score requirement of 750. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets/ reserves verified XXX or 27.16 mos. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 43.45% is below max DTI of 50%. |
| 257NQM0134 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | A | C | B | B | B | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to closing. | 2.13.25-Client provided Initial CD issued XXX & e-signed XXX | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x35. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 9.71 mos. 6 mos required. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 41.84% is below max DTI of 50%. |
| 257NQM0134 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | A | C | B | B | B | A | A | C | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV5736 | LTV Exceeds Guideline Requirement by less than 5% | No | LTV of XXX exceeds max LTV of XXX. Lender exception provided | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x35. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 9.71 mos. 6 mos required. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 41.84% is below max DTI of 50%. |
| 257NQM0200 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV XXX exceeds the maximum of XXX for purchase of second home with loan amount > $XXX. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 8.26% is below guideline requirement of 50%. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrowers have mortgage payment history 0x30 since 1/2010. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. |
| 257NQM0200 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER110 | Loan amount exceeds guideline maximum | No | Loan Amount of XXX exceeds guidelines maximum Loan Amount of XXX | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 8.26% is below guideline requirement of 50%. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrowers have mortgage payment history 0x30 since 1/2010. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. |
| 257NQM0282 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 2.13.25-Client provided proof of receipt via Doc Magic log for CD XXX. | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XX months at current residence. CFCFS2854: Significant time in profession - XXX Comments: 20 years and 5 months in current profession. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 716 qualifying score. Min required per guidelines is 700. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 21.21% |
| 257NQM0282 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 2.13.25-Client provided proof of receipt via Doc Magic log for CD XXX | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XX months at current residence. CFCFS2854: Significant time in profession - XXX Comments: 20 years and 5 months in current profession. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 716 qualifying score. Min required per guidelines is 700. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 21.21% |
| 257NQM0044 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | A minimum credit depth of (a) three (3) acceptable tradelines aged individually for a12 month minimum OR (b) two (2) acceptable tradelines aged individually for a 24month minimum is required. If minimum credit depth is not met, Underwriter mayreview for compliance with the One Score / No Score / No Depth program whilerequiring 24 month housing history. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS2854:
Significant time in profession - XXX Comments: 5 years and 0 months in current profession. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 765 qualifying score. Min required per guidelines is 750. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 49.10% |
| 257NQM0310 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | C | B | A | A | C | B | A | A | C | B | A | A | Property Valuations | FEMA | Satisfied | C | B | C | B | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No subsequent property inspection completed after FEMA Disaster Declaration XXX date of XXX, Wildfires and Straight-Line Winds | Client provided CA fire map reflecting subject property is not located near any fires. | XXX's final grade B due to FEMA declaration including the entire county not just the areas with fires. | (No Data) | Not Applicable | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Mortgage payment history is 0 x 30 for 34 months when 12 months are required. CFCFS1734: Borrower has significant time at current job - XXX Comments: The borrower has been on the same job since 2015 |
| 257NQM0283 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 38.13% is below guideline requirement of 50%. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrowers have mortgage payment history 0x30 since 3/2007. CFCFS1736: Significant time at current residence - XXX Comments: Borrowers have owned departure residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX | |||||||||||||||
| 257NQM0161 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for XXX years and XXX months. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX with XXX for 8 years and 11months.. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 742 qualifying score. Min required per guidelines is 725. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 53 months when 12 months are required. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 27.77%, max per guidelines is 50%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 12.24 months PITIA, guidelines required 0 months PITIA. | |||||||||||||||
| 257NQM0317 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to closing. | 2.13.25-Client provided Initial CD issued XXX & e-signed XXX | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI is 32.72%, max per guidelines is 50%. CFCFS1736: Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 656 qualifying score. Min required per guidelines is 650. |
| 257NQM0317 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to closing. | 2.13.25-Client provided Initial CD issued XXX & e-signed XXX. | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI is 32.72%, max per guidelines is 50%. CFCFS1736: Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 656 qualifying score. Min required per guidelines is 650. |
| 257NQM0295 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI is 34.29%, max per guidelines is 50% CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines XXX CFCFS1736: Significant time at current residence - XXX Comments: B1 rented prior residence for XXX years. | |||||||||||||||
| 257NQM0246 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has resided in current owner occupied residence for XXX years. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX with XXX for 8 years and 1 month. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 682 qualifying score. Min required per guidelines is 675. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 25.52%, max per guidelines is 50%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 8.17 months PITIA, guidelines required 0 months PITIA. | |||||||||||||||
| 257NQM0095 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | A | A | D | B | D | B | A | A | A | A | D | B | Compliance | Compliance Manual | Satisfied | D | A | D | A | CMPMAN2956 | Missing disclosure | No | Provide legible copy of CD issued XXX, photocopy provided and not legible. | 1.28.25-Client provided CD issued XXX for a different borrower/loan #.Provide legible copy of CD issued XXX, photocopy provided and not legible.2.13.25-Client provided Initial CD issued XXX & Doc Magic log for proof of receipt XXX. | 1.28.25-Exception Remains.2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 694 qualifying score. Min required per guidelines is 675. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 31.87% CFCFS2854: Significant time in profession - XXX Comments: 15 years and 3 months in current profession. |
| 257NQM0095 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | A | A | D | B | D | B | A | A | A | A | D | B | Compliance | Right of Rescission | Waived | B | B | B | B | CMPROR1909 | Incorrect ROR Form Used - H8 Form Used in Refinance With Original Creditor | No | Regulation Z designates the H9 rescission form as the form designed for same lender refinance transactions; for this loan the lender is using the H8 form. Regulation Z has language allowing the use of a substantially similar notice. XXXs view has been that an H8 protects the lender and assignee to at least the same extent as an H9, but XXX recognized that one could think that the mere existence of the H9 takes away the substantially similar notice argument. The majority of XXX that have opined on the issue have upheld the use of an H8 in a same-lender refinance; therefore, XXX grades the use of an H8 form in a same-lender refinance as a level 2/B- Non Material exception in those Circuits that have not decided on this issue. | 1.28.25-Client acknowledged tradeline exception. | 1.28.25-Final Grade B. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 694 qualifying score. Min required per guidelines is 675. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 31.87% CFCFS2854: Significant time in profession - XXX Comments: 15 years and 3 months in current profession. |
| 257NQM0239 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 774 exceeds guidelines 750. | |||||||||||||||
| 257NQM0260 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to closing. | 2.13.25-Client provided Initial CD issued & e-signed XXX. | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since 3/2006. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 788 exceeds guidelines 750. |
| 257NQM0260 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof LE issued XXX was received at least 3 business days prior to closing. | 2.13.25-Client provided LE issued & e-signed XXX. | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since 3/2006. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 788 exceeds guidelines 750. |
| 257NQM0262 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | B | B | A | A | D | A | D | B | B | B | A | A | D | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide Initial CD with proof of receipt within 3 business days prior to Closing. | 2.13.25-Client provided Initial CD issued & e-signed XXX | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI of 36.98% is below max DTI of 50%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 52.34 mos. |
| 257NQM0262 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | B | B | A | A | D | A | D | B | B | B | A | A | D | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide Initial CD with proof of receipt within 3 business days prior to Closing. | 2.13.25-Client provided Initial CD issued & e-signed XXX | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI of 36.98% is below max DTI of 50%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 52.34 mos. |
| 257NQM0262 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | B | B | A | A | D | A | D | B | B | B | A | A | D | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | D | A | D | A | CMPTRID4579 | TRID - CD: Missing Initial CD | No | Provide Initial CD with proof of receipt within 3 business days prior to Closing. | 2.13.25-Client provided Initial CD issued & e-signed XXX. | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI of 36.98% is below max DTI of 50%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 52.34 mos. |
| 257NQM0262 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | B | B | A | A | D | A | D | B | B | B | A | A | D | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has no open tradelines | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI of 36.98% is below max DTI of 50%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 52.34 mos. |
| 257NQM0131 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | C | B | A | A | C | B | A | A | C | B | A | A | Property Valuations | FEMA | Satisfied | C | B | C | B | PRVAFEMA4817 | Natural Disaster Area, Subseq inspect prior to Disaster (Individual & Public) | No | No inspection since the XXX Wildfires and Straight-Line Winds. | Client provided CA fire map reflecting subject property is not located near any fires. | XXX's final grade B due to FEMA declaration including the entire county not just areas with fires. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 707 qualifying score. Min required per guidelines is 700. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 21% CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Assets: Assets verified at XXX less cash from XXX equals XXX or 37.38 months PITIA. CFCFS1736: Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS2854: Significant time in profession - XXX Comments: 21 years and 0 months in current profession. |
| 257NQM0073 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | DTI | Waived | B | B | B | B | CRDDTI187 | Debt Ratio > 50% | No | Due to Income calculation variance XXX vs XXXDTI calculated at 51.36%; max per guidelines 50.49% | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has significant time at current job, 6 years 6 months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 781 exceeds min score requirement of 750. CFCFS1739: Postive mortgage payment history - XXX Comments: Positive rental payment history of 0x30x180. |
| 257NQM0162 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 days prior to Closing. | 2.13.25-Client provided Initial CD issued & e-signed XXX. | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS2854: Significant time in profession - XXX Comments: 10 years and 3 months in current profession. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 756 qualifying score. Min required per guidelines is 750. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 25.06% |
| 257NQM0162 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 days prior to Closing. | 2.13.25-Client provided Initial CD issued & e-signed XXX. | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS2854: Significant time in profession - XXX Comments: 10 years and 3 months in current profession. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 756 qualifying score. Min required per guidelines is 750. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 25.06% |
| 257NQM0185 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 731 exceeds guidelines 600. CFCFS1736: Significant time at current residence - XXX Comments: B1 has owned primary residence for XXX years. CFCFS1734: Borrower has significant time at current job - XXX Comments: B1 has been XXX at current job for 34 years. | |||||||||||||||
| 257NQM0308 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS2854: Significant time in profession - XXX Comments: 15 years and 0 months in current profession. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 43% File 38.53% | |||||||||||||||
| 257NQM0470 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Compliance | Finance Charge Tolerance | Satisfied | C | B | C | B | CMPFINT106 | Finance charge understated by more than $100 (Pmt Stream) | No | Discrepancy of XXX Condo Questionnaire Fee. Provide PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery. | 4.27.25-Client provided PCCD issued XXX, copy of refund check & tracking information. | 4.27.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: B1 has lived at departure residence for XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score740 exceeds guidelines 700. |
| 257NQM0470 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Compliance | Finance Charge Tolerance | Satisfied | C | B | C | B | CMPFINT4372 | TILA/TRID-Disclosed Amount Financed is higher than XXX's calculated Amount Financed | No | Discrepancy of XXX Condo Questionnaire Fee. Provide PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery. | 4.27.25-Client provided PCCD issued XXX, copy of refund check & tracking information. | 4.27.25-Exception Satisfied. | Numeric | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: B1 has lived at departure residence for XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score740 exceeds guidelines 700. |
| 257NQM0470 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 4.14.25-Client provided Initial CD issued & signed XXX. | 4.14.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: B1 has lived at departure residence for XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score740 exceeds guidelines 700. |
| 257NQM0470 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 4.14.25-Client provided Initial CD issued & signed XXX. | 4.14.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: B1 has lived at departure residence for XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score740 exceeds guidelines 700. |
| 257NQM0470 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL137 | Missing copy of 2nd lien Note (subject is 1st lien) | No | Missing the concurrent 2nd lien Note and Mortgage confirming terms and payment amount. | 05/07/2025 lender response: Uploading executed Note for 2nd TD at closing. | 4/28/25- Nothing provided exception remainsXXX exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: B1 has lived at departure residence for XXX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score740 exceeds guidelines 700. |
| 257NQM0055 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | A | D | B | D | B | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to closing. | 2.14.25-Client provided Initial CD issued & e-signed XXX | 2.14.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 52.78 mos. 6 mos required CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 735 exceeds min score requirement of 725. |
| 257NQM0055 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | A | D | B | D | B | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to closing. | 2.14.25-Client provided Initial CD issued & e-signed XXX. | 2.14.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 52.78 mos. 6 mos required CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 735 exceeds min score requirement of 725. |
| 257NQM0055 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | A | D | B | D | B | A | A | C | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing proof of HOA pymts for REO XXXX not to exceeds XXX | 02/27/2025 lender response: Uploading XXX for XXX at XXX a month, its raw land and some websites not recognizing the street number but this is the HOA for these XXX lots | 02/27/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 52.78 mos. 6 mos required CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 735 exceeds min score requirement of 725. |
| 257NQM0055 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | A | D | B | D | B | A | A | C | A | Credit | Income/Employment | Waived | C | B | C | B | CRDINC2488 | Verbal verification of employment missing | No | Missing verification of XXX. | 03/03/2025 Updated ULAW with comp factors uploaded03/03/2025 XXX response: Upon further review by XXX Sr Underwriter, exception considered non-material; Final Grade B. Comp Factors for Credit Score and Reserves.03/04/2025 client acknowledged exception | 03/04/2025 Final grade B | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 52.78 mos. 6 mos required CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 735 exceeds min score requirement of 725. |
| 257NQM0451 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV5736 | LTV Exceeds Guideline Requirement by less than 5% | No | LTV XXX exceeds the maximum of XXX for cash out refinance and loan amount < XXX. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1734:
Borrower has significant time at current job - XXX Comments: B1 has been employed at current job for 10 years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 708 exceeds guidelines 700. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since 10/2004. |
| 257NQM0018 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | DTI | Satisfied | C | B | C | B | CRDDTI187 | Debt Ratio > 50% | No | DTI 53.11% exceeds the maximum allowed of 50.49%. Lender DTI 50.38% variance due to HOA $XXX was omitted by lender for REO on XXX in rental calculation. | 6/18/2025- Client uploaded ULAW with exception approval to exceed max DTI up to 55%. | 6/18/2025- Exception satisfied | (No Data) | Not Applicable | CFCFS1734:
Borrower has significant time at current job - XXX Comments: B1 has been XXX at current job for 19 years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX% is below guideline requirements of 75%. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since XXX. |
| 257NQM0481 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have owned subject residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX. CFCFS2854: Significant time in profession - XXX Comments: Borrowers have each been in the same profession for 18 years. | |||||||||||||||
| 257NQM0467 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines XXX CFCFS1734: Borrower has significant time at current job - XXX Comments: B1 has been XXX at current job for 10 years. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 30.04% is below guideline requirement of 50%. | |||||||||||||||
| 257NQM0501 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | D | A | D | A | CRDTER146 | Missing lender's loan approval/underwriting form | No | Missing ULAW from loan file. | 4/15/25- Client uploaded ULAW for review | Exception satisfied | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Credit report with a mortgage rating of 0x30x99. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 47.34mos. 6 mos required. |
| 257NQM0452 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: B1 has mortgage payment history on OREO 0x30 since 12/2004. CFCFS1734: Borrower has significant time at current job - XXX Comments: B1 has been XXX at current job for 7 years. | |||||||||||||||
| 257NQM0502 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | 24mos 0*30 housing history required. Borrower owns F/C. Unable to document. Lender exception approval provided. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI of 8.53% is below max DTI of 50%. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX since 12/31/2015 (9 years 3 months). |
| 257NQM0502 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has no open tradelines. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI of 8.53% is below max DTI of 50%. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX since 12/31/2015 (9 years 3 months). |
| 257NQM0502 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Income/Employment | Waived | B | B | B | B | CRDINC2408 | Income verification does not meet guidelines | No | Only 12 mo BS provided for review. Per GL- 2 year full document, and housing history 24 mos at 0*30 borrower to be reviewed for 1 Score/No Score product. Lender exception approval provided. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI of 8.53% is below max DTI of 50%. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX since 12/31/2015 (9 years 3 months). |
| 257NQM0414 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 4.14.25-Client provided Initial CD issued & signed XXX | 4.14.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: B1 has owned departure residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 681 exceeds guidelines 600. |
| 257NQM0414 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 4.14.25-Client provided Initial CD issued & signed XXX. | 4.14.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: B1 has owned departure residence for XXX years. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 681 exceeds guidelines 600. |
| 257NQM0383 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has owned departure residence for XXX years. CFCFS1734: Borrower has significant time at current job - XXX Comments: B1 has been XXX at current job for 11 years. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines XXX. | |||||||||||||||
| 257NQM0381 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734:
Borrower has significant time at current job - XXX Comments: B1 has been XXX at current job for 10 years. CFCFS2854: Significant time in profession - XXX Comments: B2 has been in the same profession for 10 years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 691 exceeds guidelines 660. | |||||||||||||||
| 257NQM0468 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 695 exceeds min score requirement OF 675 | |||||||||||||||
| 257NQM0442 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3028 | LTV Exceeds Guideline Requirement by 10% or more | No | LTV XXX exceeds maximum of XXX for mortgage history of 2x60. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have owned departure residence for XXX years. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 7.14% is below guideline requirement 50%. CFCFS1734: Borrower has significant time at current job - XXX Comments: B1 has been XXX at current job for 8 years. |
| 257NQM0471 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: Loan approved at XXX LTV, Max XXX CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified assets XXX funds to close XXX = post-closing reserves XXX, none required. CFCFS1734: Borrower has significant time at current job - XXX Comments: The borrower has been XXX for 10 years | |||||||||||||||
| 257NQM0407 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower does not meet the minimum credit requirements of 3 open tradelines greater than 24 months. | 4/29/25- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 23.78% is below guideline requirement of 43%. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has rented prior residence for XXX years. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. |
| 257NQM0407 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER127 | Payment shock does not meet guidelines | No | Payment shock of XXX greater than 3x prior rent payment XXX. | 4/29/25- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 23.78% is below guideline requirement of 43%. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has rented prior residence for XXX years. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines $0. |
| 257NQM0460 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: The borrower has lived at the current residence for XXX years CFCFS2854: Significant time in profession - XXX Comments: The borrower has been in the same line of work for 20 years CFCFS2860: Good credit history - XXX Comments: The borrower has a positive credit history and high credit score. | |||||||||||||||
| 257NQM0023 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | Lender Exception approval in file for XXX% LTV For Cashout Refi, rural property, manufactured housing- Max LTV: 60.000%. Your LTV:XXX% | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, 5 years. CFCFS1735: Co-Borrower has significant time at current job - XXX Comments: Co-Borrower has significant time at current job, 15 years. CFCFS1739: Postive mortgage payment history - XXX Comments: Postive mortgage payment history 1X30X39. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX sine XXX (19 years 2 months). |
| 257NQM0384 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 179 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 44.49 months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 257NQM0469 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | Insurance | Waived | C | B | C | B | CRDINSR5351 | Insurance Effective date is greater than the transaction date | No | Insurance effective date is XXX. Per Closing Document, loan closed XXX. | client acknowledged exception | Upon further review by Senior Underwriter, Hazard insurance was paid in full at closing, therefore exception is deemed non-material. Declaration page was just not updated.Final grade B | Not Applicable | Not Applicable | CFCFS1734:
Borrower has significant time at current job - XXX Comments: Borrower has been employed with XXX for 8 years and 10 months. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 44.44%, max per guidelines is 50%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 36.35 months PITI, guidelines required 6 months PITI. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 691 qualifying score. Min required per guidelines is 680. |
| 257NQM0395 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing | No | Missing verification of XXX | 05/30/2025 lender provided CPA Letter and Verification | 05/30/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Lived in the home for XXX years CFCFS2854: Significant time in profession - XXX Comments: Owner of the business for 22 years |
| 257NQM0484 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Assets | Satisfied | D | A | D | A | CRDAST2354 | Asset Verification In File is Incomplete Per Requirements | No | Provide verification of payee for EMD check XXX dated XXX and cleared borrowers account. | 6/18/2025- Client uploaded ULAW waiving requirement for proof EMD cleared. | 6/18/2025- Exception satisfied | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has rented subject property for XXX years. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX at current job for 7 years. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 10.46% is below guideline requirement of 50%. |
| 257NQM0396 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX. Required reserves XXX CFCFS1739: Postive mortgage payment history - XXX Comments: Positive mortgage payment history 0X30X38. | |||||||||||||||
| 257NQM0488 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3670 | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation | No | Zero tolerance fee, % of Loan Amount [Point], increased from XXX on LE XXX to XXX on CD XXX without a valid reason | 4.25.25-Client provided COC XXX, stating valid reason and amount of Discount Points fee increase. | 4.25.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1734:
Borrower has significant time at current job - XXX Comments: The borrower has been XXX for 5 years CFCFS1739: Postive mortgage payment history - XXX Comments: Good mortgage payment history reported to credit. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified assets XXX funds to close XXX = post-closing reserves XXX, required reserves are XXX |
| 257NQM0380 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | A | C | B | B | B | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 5.9.25-Client provided Initial CD issued & e-signed XXX | 5.9.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1739:
Postive mortgage payment history - XXX Comments: Mortgage payment history is for 71 months when 12 months are required. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 38.70%, max per guidelines is 50%. CFCFS1737: LTV below guideline requirements - XXX Comments: DTI is 38.70%, max per guidelines is 50%. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 692 qualifying score. Min required per guidelines is 680. |
| 257NQM0380 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | A | C | B | B | B | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 5.9.25-Client provided Initial CD issued & e-signed XXX. | 5.9.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1739:
Postive mortgage payment history - XXX Comments: Mortgage payment history is for 71 months when 12 months are required. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 38.70%, max per guidelines is 50%. CFCFS1737: LTV below guideline requirements - XXX Comments: DTI is 38.70%, max per guidelines is 50%. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 692 qualifying score. Min required per guidelines is 680. |
| 257NQM0380 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | A | C | B | B | B | A | A | C | A | Credit | Assets | Waived | B | B | B | B | CRDAST115 | Cash reserves do not meet guidelines | No | Per guidelines for loans greater than XXX, requires 12 months reserves. Confirmed 10.69 months reserves. Lender provided an exception. | 5/9/25- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1739:
Postive mortgage payment history - XXX Comments: Mortgage payment history is for 71 months when 12 months are required. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 38.70%, max per guidelines is 50%. CFCFS1737: LTV below guideline requirements - XXX Comments: DTI is 38.70%, max per guidelines is 50%. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 692 qualifying score. Min required per guidelines is 680. |
| 257NQM0380 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | A | C | B | B | B | A | A | C | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | Per guidelines, maximum LTV for credit score 692 is XXX. Subject LTV is XXX. Lender provided an exception. | 5/9/25- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1739:
Postive mortgage payment history - XXX Comments: Mortgage payment history is for 71 months when 12 months are required. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 38.70%, max per guidelines is 50%. CFCFS1737: LTV below guideline requirements - XXX Comments: DTI is 38.70%, max per guidelines is 50%. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 692 qualifying score. Min required per guidelines is 680. |
| 257NQM0494 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX CFCFS1739: Postive mortgage payment history - XXX Comments: Postive mortgage payment history 0X30X31. | |||||||||||||||
| 257NQM0477 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV of XXX is below max LTV of XXX CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 8.19% is below max DTI of 50%. CFCFS1745: Significant total monthly debt reduction - XXX Comments: Total assets verified XXX. CTC XXX leaves reserves of XXX or 9.87 mos. 6 mos required. | |||||||||||||||
| 257NQM0425 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Compliance | State Consumer Protection | Waived | B | B | B | B | CMPSTCP1151 | SC Home Loans -Broker 'Amounts Earned' Disclosure not in file | No | Provide XXX 'Amounts Earned' Disclosure. | 5.8.25-Client requested to Waive. | 5.8.25-Final Grade B. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS2854: Significant time in profession - XXX Comments: 5 years and 0 months at current profession. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 724 qualifying score. Min required per guidelines is 640. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 45.74% |
| 257NQM0485 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Verified assets XXX funds to close XXX = post-closing reserves XXX, none required. CFCFS1734: Borrower has significant time at current job - XXX Comments: The borrower has been XXX since 2019 CFCFS1739: Postive mortgage payment history - XXX Comments: The credit report in file shows a positive mortgage payment history. | |||||||||||||||
| 257NQM0497 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 4.18.25-Client provided Initial CD issued & signed XXX | 4.18.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: The borrower has lived at the current residence for XXX years CFCFS1734: Borrower has significant time at current job - XXX Comments: The borrower has been on the same job for 10 years CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Started assets XXX funds to close XXX = post-closing reserves XXX. Required reserves are XXX. |
| 257NQM0497 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 4.18.25-Client provided Initial CD issued & signed XXX. | 4.18.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: The borrower has lived at the current residence for XXX years CFCFS1734: Borrower has significant time at current job - XXX Comments: The borrower has been on the same job for 10 years CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Started assets XXX funds to close XXX = post-closing reserves XXX. Required reserves are XXX. |
| 257NQM0465 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Assets | Waived | B | B | B | B | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | Total assets verified XXX. CTC XXX leaves reserves of XXX or 5.26 mos. 12 mos required. Lender exception provided. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI of 46.86% is below max DTI of 50%. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 719 exceeds min score requirement of 700. |
| 257NQM0443 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | DTI | Satisfied | C | A | C | A | CRDDTI187 | Debt Ratio > 50% | No | DTI of 58.30% exceeds max allowable. Lender used rental income on property that borrower stated in LOE had sold (XXX). Additionally, the lease used to confirm that income was dated XXX | 6/16/25- Documentation provided reflects property in bor name, lease converts to month to month, bank stmts reflect 2 mos provided confirms receipt of rental income as required per GL. | 6/16/25- Exception satisfied | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 786 qualifying score. Min required per guidelines is 780. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX or 247.18 months PITI, guidelines required 0 months PITI. |
| 257NQM0391 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing verification of HOA for REO on XXX | 05/07/2025 lender provided XXX report reflecting HOA | 05/07/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 29.50% is below guideline requirement of 50%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines XXX CFCFS1734: Borrower has significant time at current job - XXX Comments: B1 has been XXX at current job for 5 years. |
| 257NQM0400 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 5.15.25-Client provided Initial CD issued & e-signed XX | 5.15.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 32.82% is below guideline requirement of 50%. CFCFS2854: Significant time in profession - XXX Comments: B1 has been XXX in same profession for 10 years. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since 8/2018. |
| 257NQM0400 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 5.15.25-Client provided Initial CD issued & e-signed XXX. | 5.15.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 32.82% is below guideline requirement of 50%. CFCFS2854: Significant time in profession - XXX Comments: B1 has been XXX in same profession for 10 years. CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since 8/2018. |
| 257NQM0472 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Final LE issued XXX was received at least 3 business days prior to Closing. | 5.9.25-Client provided LE issued & e-signed XXX. | 5.9.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since 10/2016. CFCFS1736: Significant time at current residence - XXX Comments: Borrower owned departure residence for XXX years. CFCFS1734: Borrower has significant time at current job - XXX Comments: B1 has been XXX at current job for 8 years. |
| 257NQM0416 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744:
DTI below guideline requirement - XXX Comments: DTI 29.64% is below guideline requirement of 50%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines XXX CFCFS2854: Significant time in profession - XXX Comments: B1 has been XXX in the same profession for 10 years. | |||||||||||||||
| 257NQM0456 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: B1 has owned subject residence for XXX years. CFCFS1734: Borrower has significant time at current job - XXX Comments: B1 has been XXX at current job for 15 years. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 26.81% is below guideline requirement of 50%. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV XXX is below guideline requirements of XXX CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 809 exceeds guidelines 700. | |||||||||||||||
| 257NQM0490 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Borrower has mortgage payment history 0x30 since 6/2015. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has owned departure residence for XXX years. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has been XXX at current job for 6 years. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI 31.67% is below guideline requirement of 50%. | |||||||||||||||
| 257NQM0377 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 5.9.25-Client provided Initial CD issued & e-signed XXX | 5.9.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have resided in current owner occupied residence for XX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 718 qualifying score. Min required per guidelines is 700. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is 80%. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 79 months when 12 months are required. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 43.41%, max per guidelines is 50.49%. |
| 257NQM0377 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 5.9.25-Client provided Initial CD issued & e-signed XXX. | 5.9.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have resided in current owner occupied residence for XX years. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 718 qualifying score. Min required per guidelines is 700. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is 80%. CFCFS1739: Postive mortgage payment history - XXX Comments: Mortgage payment history is for 79 months when 12 months are required. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 43.41%, max per guidelines is 50.49%. |
| 257NQM0408 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS2854: Significant time in profession - XXX Comments: 6 years and 1 months at current profession. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 37.74% CFCFS1741: Credit score exceeds guidelines - XXX Comments: 680 qualifying score. Min required per guidelines is 640. | |||||||||||||||
| 257NQM0009 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | DTI | Waived | B | B | B | B | CRDDTI187 | Debt Ratio > 50% | No | Loan DIT of 52.39% based on total obligations of $XXX and total income of $XXX is above the maximum DTI of 50%. Variance caused by lender grossing up XXX even though the 1099 in file shows that taxes are withheld. Missing verification that XXX is non-taxable. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: Loan approved at XXX% LTV, Max 80% CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified assets for closing $XXX Funds to close $XXX = post closing reserves $XXX, none required. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying score of 724 is above the minimum score of 600 |
| 257NQM0491 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: XXX years and XXX months at current residence. CFCFS1744: DTI below guideline requirement - XXX Comments: Max DTI 50% File 24.99% CFCFS2854: Significant time in profession - XXX Comments: 27 years and 4 months at current profession. | |||||||||||||||
| 257NQM0461 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744:
DTI below guideline requirement - XXX Comments: Below 43% CFCFS1734: Borrower has significant time at current job - XXX Comments: XXX for 20 years | |||||||||||||||
| 257NQM0453 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has one open/active tradeline. Guidelines require minimum of three open/active tradelines. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: The borrower has lived at the current residence for XXX years CFCFS1734: Borrower has significant time at current job - XXX Comments: The borrower has been XXX for 27 years CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Documented assets XXX, none required. |
| 257NQM0495 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736:
Significant time at current residence - XXX Comments: Borrowers have owned primary residence for XXX years. CFCFS1749: Additional documented income not used in qualifying - XXX Comments: B2 has additional documented income using a two year average of XXX per month not used to qualify. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 805 exceeds guidelines 750. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines XXX | |||||||||||||||
| 257NQM0404 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | C | B | C | B | C | B | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide Initial CD and Proof of receipt at least 3 business days prior to Closing. | 5.15.25-Client provided a CD for a different Loan #. Provide Initial CD and Proof of receipt at least 3 business days prior to Closing.5.22.25-Client provided Initial CD issued XXX & signed XXX | 5.15.25-Exception Remains.5.22.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 790 exceeds min score requirement of 700. CFCFS1736: Significant time at current residence - XXX Comments: The borrower has lived at the current residence for XXX years CFCFS1734: Borrower has significant time at current job - XXX Comments: The borrower has been on the same job for 15 years CFCFS1737: LTV below guideline requirements - XXX Comments: Loan approved at XXX, Max XXX |
| 257NQM0404 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | C | B | C | B | C | B | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide Initial CD and Proof of receipt at least 3 business days prior to Closing. | 5.15.25-Client provided a CD for a different Loan #. Provide Initial CD and Proof of receipt at least 3 business days prior to Closing.5.22.25-Client provided Initial CD issued XXX & signed XXX | 5.15.25-Exception Remains.5.22.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 790 exceeds min score requirement of 700. CFCFS1736: Significant time at current residence - XXX Comments: The borrower has lived at the current residence for XXX years CFCFS1734: Borrower has significant time at current job - XXX Comments: The borrower has been on the same job for 15 years CFCFS1737: LTV below guideline requirements - XXX Comments: Loan approved at XXX, Max XXX |
| 257NQM0404 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | C | B | C | B | C | B | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3676 | TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation. | No | Recording fee increase of XXX above tolerance, increased with no valid COC. Provide proof of refund, revised Closing Disclosure, COC explaining changes within 60 days of discovery with proof of delivery via shipping method that includes tracking information. | 5.15.25-Client stated "All LE's and CD's on file show a total of XXX for recording fees."LE issued XXX & hand signed XXX, shows Recording fee of XXX.Recording fee increase of XXX above tolerance, increased with no valid COC. Provide proof of refund, revised Closing Disclosure, COC explaining changes within 60 days of discovery with proof of delivery via shipping method that includes tracking information.5.22.25-Client provided evidence LE dated XXX was for a previously withdrawn file, loan number XXX. Provided Adverse action documents. | 5.15.25-Exception Remains.5.22.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 790 exceeds min score requirement of 700. CFCFS1736: Significant time at current residence - XXX Comments: The borrower has lived at the current residence for XXX years CFCFS1734: Borrower has significant time at current job - XXX Comments: The borrower has been on the same job for 15 years CFCFS1737: LTV below guideline requirements - XXX Comments: Loan approved at XXX, Max XXX |
| 257NQM0404 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | C | B | C | B | C | B | A | A | C | B | Credit | DTI | Waived | C | B | C | B | CRDDTI187 | Debt Ratio > 50% | No | Loan DTI 70.89% based on total obligations of XXX and total income of XXX. Max DTI 50.49%. DTI variance due to missing verification of market rent for the departing residence. | 6/19/25- Client uploaded revised ULAW with SSI grossed up. XXX rent estimate to wash departure TIA. Revised DTI 52.85% on ULAW with Lender exception approval max up to 55% DTI.6/19/25- Based on updated docs provided revised DTI from 70.89% to 52.34% still exceeds max DTI of 50%. Lender exception approval provided. Final grade B XXX- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower credit score of 790 exceeds min score requirement of 700. CFCFS1736: Significant time at current residence - XXX Comments: The borrower has lived at the current residence for XXX years CFCFS1734: Borrower has significant time at current job - XXX Comments: The borrower has been on the same job for 15 years CFCFS1737: LTV below guideline requirements - XXX Comments: Loan approved at XXX, Max XXX |
| 257NQM0479 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: Borrowers have mortgage payment history 0x30 since 7/2012. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves XXX exceed guidelines XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score 780 exceeds guidelines 640. | |||||||||||||||
| 257NQM0446 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737:
LTV below guideline requirements - XXX Comments: LTV is XXX; max allowed per guidelines is XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 765 qualifying score. Min required per guidelines is 760. CFCFS1744: DTI below guideline requirement - XXX Comments: DTI is 41.39%, max per guidelines is 50.49%. | |||||||||||||||
| 257NQM0482 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS2854:
Significant time in profession - XXX Comments: 2 years and 3 months at current profession. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 699 qualifying score. Min required per guidelines is 640. | |||||||||||||||
| 257NQM0496 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | A | D | B | D | B | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 5.22.25-Client provided Initial CD issued & e-signed XXX | 5.22.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years XXX months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 736 exceeds min score requirement of 725. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX. CFCFS1739: Postive mortgage payment history - XXX Comments: Positive rental payment history 0X30X66. |
| 257NQM0496 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | A | D | B | D | B | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof of receipt for LE issued XXX. | 5.22.25-Client provided LE issued & e-signed XXX. Provide proof of receipt for LE issued XXX.5.29.25-Client provided LE issued & e-signed XXX. | 5.22.25-Exception Remains.5.29.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years XXX months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 736 exceeds min score requirement of 725. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX. CFCFS1739: Postive mortgage payment history - XXX Comments: Positive rental payment history 0X30X66. |
| 257NQM0496 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | A | D | B | D | B | A | A | C | A | Credit | Assets | Waived | D | B | D | B | CRDAST2670 | Asset documentation is insufficient per guideline requirements | No | Missing proof of receipt/ transfer of XXX gift funds needed for reserves. | 6/16/25- Client uploaded ULAW with lender exception to waive proof of receipt of gift funds | Final grade B | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Significant time at current residence, XXX years XXX months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower credit score of 736 exceeds min score requirement of 725. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of XXX is below maximum of XXX. CFCFS1739: Postive mortgage payment history - XXX Comments: Positive rental payment history 0X30X66. |
| 257NQM0837 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Credit/Mtg History | Satisfied | C | A | C | A | CRDCRMH148 | Credit report stale dated at closing | No | The undisclosed debt notification dated within 10 days of closing was not in the file. The UDN in file was dated XXX which is more than 10 days prior to closing (XXX) | (No Data) | 12/2/2024 Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Min Fic0 720. Borrower has 773 CFCFS1737: LTV below guideline requirements - XXX Comments: The LTV is XXX; maximum allowed is XXX |
| 257NQM0837 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC3204 | Income Documentation Missing | No | The CPA who completed the P&L Statement did not include the attestation that they audited the business financial statements or reviewed the working papers provided by the borrower. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Min Fic0 720. Borrower has 773 CFCFS1737: LTV below guideline requirements - XXX Comments: The LTV is XXX; maximum allowed is XXX |
| 257NQM0837 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | The payoff statement for XXX, mortgage paid at closing, was not in the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Min Fic0 720. Borrower has 773 CFCFS1737: LTV below guideline requirements - XXX Comments: The LTV is XXX; maximum allowed is XXX |
| 257NQM0837 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER4643 | Borrower does not meet guideline requirements | No | The borrower ATR Certification or the underwriter's attestation regarding borrower's ability to repay was not in the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Min Fic0 720. Borrower has 773 CFCFS1737: LTV below guideline requirements - XXX Comments: The LTV is XXX; maximum allowed is XXX |
| 257NQM0711 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Assets | Waived | D | B | D | B | CRDAST2354 | Asset Verification In File is Incomplete Per Requirements | No | Income from the XXX #XXX was needed in qualifying. The file was missing a third party tax professional (not PTIN preparers) letter verifying the use of funds from the XXX business account will not negatively impact the business or a cash flow analysis. | (No Data) | 12/6/2024 XXX exception approval. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: FICO is 107 points higher than 680 min CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: No historical lates |
| 257NQM0711 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | DTI | Waived | C | B | C | B | CRDDTI187 | Debt Ratio > 50% | No | XXX XXX $XXX/mo was excluded from ratios < 10 months remaining. The payment is greater than 5% of the borrower's income; therefore the debt must be included in ratios per guidelines. DTI ratio is 54.56%... | (No Data) | 12/2/2024 Received rebuttal provide 12 month bankstmt showing the payment paid by the business or provide exception. XXX XXX exception approval. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: FICO is 107 points higher than 680 min CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: No historical lates |
| 257NQM0711 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER4643 | Borrower does not meet guideline requirements | No | The borrower ATR certification or the underwriter's attestation regarding the borrower's ability to repay was not located in the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: FICO is 107 points higher than 680 min CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: No historical lates |
| 257NQM0812 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | Terms/Guidelines | Waived | C | B | C | B | CRDTER3122 | Loan documents do not meet guideline requirements | No | The mortgage shows the subject vested in XXX. The title commitment shows vested in XXX and the operating agreement and Certificate of Good Standing show XXX. It is noted, the signature page of the XXX operating agreement shows XXX. The file includes the tax ID for XXX but did not include the certificate of good standing, the operating agreement and the articles of organization. Also, there was no document indicating the name changed from enterprise to property. | (No Data) | Client waives per email received. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 91.67 months of cash reserves. |
| 257NQM0836 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | B | B | D | A | D | B | D | B | B | B | D | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide initial CD. | (No Data) | Lender provided XXX CD - exception satisfied. | (No Data) | Not Applicable | CFCFS5269:
Minimal use of credit - XXX Comments: 29.84% revolving credit utilization ratio. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 38.97 months reserves. |
| 257NQM0836 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | B | B | D | A | D | B | D | B | B | B | D | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide initial CD. | (No Data) | Lender provided XXX CD - exception satisfied. | (No Data) | Not Applicable | CFCFS5269:
Minimal use of credit - XXX Comments: 29.84% revolving credit utilization ratio. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 38.97 months reserves. |
| 257NQM0836 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | B | B | D | A | D | B | D | B | B | B | D | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | D | A | D | A | CMPTRID4579 | TRID - CD: Missing Initial CD | No | Provide initial CD. | (No Data) | Lender provided XXX CD - exception satisfied. | (No Data) | Not Applicable | CFCFS5269:
Minimal use of credit - XXX Comments: 29.84% revolving credit utilization ratio. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 38.97 months reserves. |
| 257NQM0836 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | B | B | D | A | D | B | D | B | B | B | D | A | Credit | Legal Documents | Satisfied | D | B | D | B | CRDLGL4033 | Missing Legal Document(s) | No | Missing UDN dated within 10 days of Note for Co-borrower. Latest credit report for borrower is dated XXX and falls within 10 days of Note but latest credit report for Co-borrower is dated XXX and falls outside the 10 days of Note date of XXX. | (No Data) | Post consummation credit report provided to cure. | (No Data) | Not Applicable | CFCFS5269:
Minimal use of credit - XXX Comments: 29.84% revolving credit utilization ratio. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 38.97 months reserves. |
| 257NQM0836 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | B | B | D | A | D | B | D | B | B | B | D | A | Property Valuations | FEMA | Waived | B | B | B | B | PRVAFEMA856 | Natural Disaster Area, no subsequent inspection (Public) | No | Natural Disaster Area, no subsequent inspection (Public) | (No Data) | No inspection since the FEMA Disaster XXX- Hurricane XXX- XXX grades FEMA: Natural Disaster Area, no subsequent inspection (Public) as a non-material B due to the fact that FEMA Public Assistance disasters encompass work eligible for reimbursement through a public assistance grant. These can include: debris removal, emergency protective measures, maintenance of roads and bridges, water control facilities, utilities, parks and recreational facilities. Public Assistance does not indicate that damage has occurred to personal property and does not have a substantive impact on the property. | (No Data) | Not Applicable | CFCFS5269:
Minimal use of credit - XXX Comments: 29.84% revolving credit utilization ratio. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 38.97 months reserves. |
| 257NQM0760 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR822 | Insurance Effective date is greater than the transaction date | No | The subject property insurance policy was not in the file. The file included an application and a binder receipt. The policy dates are not reflected on either of these documents. | (No Data) | 11/21/2024 Received binder receipt. Effective date XXX but no expiration date. XXX Document provided to cure. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 11 months of reserves. |
| 257NQM0761 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL4033 | Missing Legal Document(s) | No | The business purpose affidavit was not in the loan file. | (No Data) | 12/11/2024 Document provided to cure. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 90.80 months of cash reserves. |
| 257NQM0761 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4643 | Borrower does not meet guideline requirements | No | Borrower does not meet guideline requirements | (No Data) | Exception provided for appraisal reflecting subject property having no permanent heat source and roof needing repairs. Exception in file. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 90.80 months of cash reserves. |
| 257NQM0824 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | B | B | A | A | D | B | D | A | B | B | A | A | Credit | Assets | Satisfied | C | A | C | A | CRDAST3036 | Assets reflect unsourced deposits | No | The borrower paid XXX in EM the receipt and source was not included in the loan file. | (No Data) | Per final PCCD EMD was returned to borrower. | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: 45.07% DTI is below program max allowable of 50%. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has 19 years and 11 months at current job. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit Score of 730 exceeds min required. |
| 257NQM0824 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | B | B | A | A | D | B | D | A | B | B | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL4033 | Missing Legal Document(s) | No | According to the underwriting guidelines, loans subject to Reg Z Ability to Repay must include a Borrower ATR Certification. The document is missing from the loan file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: 45.07% DTI is below program max allowable of 50%. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has 19 years and 11 months at current job. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit Score of 730 exceeds min required. |
| 257NQM0824 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | B | B | A | A | D | B | D | A | B | B | A | A | Property Valuations | Appraisal | Waived | B | B | B | B | PRVAAPPR233 | Comps or Adjustments Not Appropriate | No | Property is a condo with custom construction features and comps are distant. Appraiser expanded market search due to the subject's square footage and custom features. | (No Data) | File has an XXX exception approval dated XXX | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: 45.07% DTI is below program max allowable of 50%. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has 19 years and 11 months at current job. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit Score of 730 exceeds min required. |
| 257NQM0797 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Compliance | Documentation | Satisfied | D | A | D | A | CMPDOC191 | Missing Mortgage | No | Mortgage in file is for a different property. Please provide the correct Mortgage. | (No Data) | 12/2/2024 Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0797 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Credit | Application | Satisfied | D | A | D | A | CRDAPP130 | Application is incomplete | No | The executed final 1003 was missing from the file. | (No Data) | 12/2/2024 Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0797 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Credit | Credit/Mtg History | Satisfied | B | A | B | A | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Missing credit report to verify tradelines. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0797 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Credit | Credit/Mtg History | Satisfied | D | A | D | A | CRDCRMH189 | Missing credit report | No | Missing credit report | (No Data) | Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0797 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing | No | Missing VOE for Borrower and Co-borrower | (No Data) | Received vvoe for borrower. Still need vvoe for cb. WVOE provided for cb was not within 10 days of closing. XXX Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0797 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC2408 | Income verification does not meet guidelines | No | Loan is a 24 month full doc but file only has 12 months docs for B1. File does not have any income documents for Co-borrower. The 1003 does not reflect a full 2 years employment history for the borrowers. | (No Data) | 12/22/2024 Received 1003 and WVOE for cb. Still need a complete 24 months income for the borrower. XXX Received 1003 however per the WVOE provided the borrower was not employed with XXX in 2022 . Still need an accurate 2 years full employment on the final 1003. XXX Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0797 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL2277 | Note Not Executed | No | The executed Note is for a different file. The Note for subject is not signed by the borrowers. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0797 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL2420 | Missing HUD-1 (Final and Estimated) | No | Final CD in file is for a different property. Please provide the correct Final CD/HUD-1. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0797 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Credit | Terms/Guidelines | Satisfied | D | A | D | A | CRDTER146 | Missing lender's loan approval/underwriting form | No | Loan file is missing lender's 1008 and the AUS (LP or DU) as required by the XXX & 2nd home Program guides. | (No Data) | 12/2/2024 Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0751 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Rebuttable Presumption (APOR) | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3670 | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation | No | XXX Zero Percent Tolerance Violation due to increase in credit report fee from XXX om initial LE XXX to XXX on Final CD XXX, without a valid Change in Circumstance (CIC). Requires CIC, or corrected PCCD, copy of refund check, LOX and verification of shipping. | (No Data) | Lender provided XXX COC addressing Credit Report fee increase - exception satisfied. | (No Data) | Not Applicable | CFCFS1742:
Consumer credit history exceeds guidelines - XXX Comments: No historical lates CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: No historical lates |
| 257NQM0751 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Rebuttable Presumption (APOR) | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Credit | Application | Satisfied | C | A | C | A | CRDAPP131 | Occupancy status not supported by file documentation | No | Subject submitted as a 2nd home. The borrowers primary residence is in same condo complex as subject. | (No Data) | 12/2/2024 Document provided to cure. | (No Data) | Not Applicable | CFCFS1742:
Consumer credit history exceeds guidelines - XXX Comments: No historical lates CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: No historical lates |
| 257NQM0751 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Rebuttable Presumption (APOR) | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Credit | Application | Satisfied | D | A | D | A | CRDAPP4625 | The orig file does not contain a third party fraud report | No | The automated fraud and data check tool was missing from the file. | (No Data) | Document provided to cure. | Not Applicable | Not Applicable | CFCFS1742:
Consumer credit history exceeds guidelines - XXX Comments: No historical lates CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: No historical lates |
| 257NQM0751 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Rebuttable Presumption (APOR) | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Credit | Assets | Satisfied | D | A | D | A | CRDAST2354 | Asset Verification In File is Incomplete Per Requirements | No | An updated Fidelity statement for account XXX was missing from the file. The file included a printout dated XXX to XXX and a statement from XXX. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1742:
Consumer credit history exceeds guidelines - XXX Comments: No historical lates CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: No historical lates |
| 257NQM0751 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Rebuttable Presumption (APOR) | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Credit | Credit/Mtg History | Satisfied | C | A | C | A | CRDCRMH148 | Credit report stale dated at closing | No | The undisclosed debt notification dated within 10 days of closing was missing from the file. | (No Data) | 12/2/2024 Document provided to cure. | (No Data) | Not Applicable | CFCFS1742:
Consumer credit history exceeds guidelines - XXX Comments: No historical lates CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: No historical lates |
| 257NQM0751 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Rebuttable Presumption (APOR) | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing evidence of HOA on primary ( XXX) and 2 investment properties (XXX & XXX) and missing HOI/tax amount for XXX and XXX. DTI ratio is pending. | (No Data) | 12/2/2024 Received Hoa, Hoi and taxes for XXX XXX. Still need taxes and hoi for XXX XXX Received income cal wkst. Still need taxes and hoi for XXX XXX Document provided to cure. | (No Data) | Not Applicable | CFCFS1742:
Consumer credit history exceeds guidelines - XXX Comments: No historical lates CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: No historical lates |
| 257NQM0751 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Rebuttable Presumption (APOR) | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR289 | Insufficient Hazard Insurance Coverage | No | The condo association's property insurance policy was missing from the file. The borrower's policy had welling coverage of XXX | (No Data) | 12/22/2024 Document provided to cure. | (No Data) | Not Applicable | CFCFS1742:
Consumer credit history exceeds guidelines - XXX Comments: No historical lates CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: No historical lates |
| 257NQM0751 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Rebuttable Presumption (APOR) | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER4643 | Borrower does not meet guideline requirements | No | The borrower ATR certification or an underwriter's detailed attestation regarding the borrowers ability repay was missing from the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1742:
Consumer credit history exceeds guidelines - XXX Comments: No historical lates CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: No historical lates |
| 257NQM0751 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Rebuttable Presumption (APOR) | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Credit | Terms/Guidelines | Satisfied | D | A | D | A | CRDTER4435 | Missing Condo/Co-op Certificate/Questionnaire | No | The Condo questionnaire and evidence if the subject is warrantable or non-warrantable were missing from the file. | (No Data) | 12/2/2024 Received HOA questionnaire and hoa cert. Still need 1008 stating warrantable or non warrantable condo. XXX Received XXX stating non warrantable condo. Non warrantable condo requires the HOA budget, and reserves study completed within the previous 5 years by CPA,XXX or Property mgmt with 3 yrs of experience per guides. XXX Received annual budget and reserves study. | (No Data) | Not Applicable | CFCFS1742:
Consumer credit history exceeds guidelines - XXX Comments: No historical lates CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: No historical lates |
| 257NQM0788 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740:
Mortgage payment history exceeds guidelines - XXX Comments: No historical mortgage lates CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: No historical lates | |||||||||||||||
| 257NQM0811 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Assets | Waived | D | B | D | B | CRDAST2354 | Asset Verification In File is Incomplete Per Requirements | No | A third party tax preparer letter (not PTIN tax preparers) verify the using of business funds will not have a negative impact on the business or a cash flow analysis completed by the seller was missing from the file. XXX business account XXX was needed for closing and reserves. | (No Data) | Client waiver provided. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: The borrowers have a 699 credit score which is 19 points above the require d680. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Borrowers have 20 months of reserves. |
| 257NQM0811 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC150 | Income docs do not meet guidelines | No | The guidelines indicate the most recent year's personal tax return Schedule e, a copy of the current unexpired lease and most recent 2 months proof of rent receipt is required for rental income. In this case, the file included the 2023 Schedule E. The current executed lease and 2 months proof of rent received for XXX was missing from the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: The borrowers have a 699 credit score which is 19 points above the require d680. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Borrowers have 20 months of reserves. |
| 257NQM0811 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC3204 | Income Documentation Missing | No | The file was missing the 2022 personal and business tax returns (XXX) and the 2023 personal and business tax returns were not signed. The loan was delivered as a 24 month full doc loan and the lock confirmation in the file shows the program as 24 Mo full documentation. Audit used the lender's income from the final 1003 for calculation purposes. | (No Data) | Loan was updated as a Full doc 12 month per XXX | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: The borrowers have a 699 credit score which is 19 points above the require d680. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Borrowers have 20 months of reserves. |
| 257NQM0811 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | The 1008 for a manually underwritten loan was not in the file. | (No Data) | 11/27/2024: Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: The borrowers have a 699 credit score which is 19 points above the require d680. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Borrowers have 20 months of reserves. |
| 257NQM0811 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER4643 | Borrower does not meet guideline requirements | No | The business purpose and occupancy affidavit was missing from the file. | (No Data) | 11/22/2024 Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: The borrowers have a 699 credit score which is 19 points above the require d680. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Borrowers have 20 months of reserves. |
| 257NQM0781 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | N/A | N/A | C | A | C | A | A | A | N/A | N/A | Credit | Credit/Mtg History | Satisfied | C | A | C | A | CRDCRMH148 | Credit report stale dated at closing | No | The undisclosed debt notification dated within 10 days of the note date (XXX) was not in the file. The two UDNs in the file were dated XXX and XXX which are greater than 10 days of the note date. The Fraud Guard report was dated XXX and did not include debt monitoring. | (No Data) | 12/5/2024 Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrowers have a 789 credit score; minimum required is 700 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 32 months reserves |
| 257NQM0781 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | N/A | N/A | C | A | C | A | A | A | N/A | N/A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | The Business Purpose Affidavit was missing from the file. | (No Data) | 12/10/2024 Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrowers have a 789 credit score; minimum required is 700 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 32 months reserves |
| 257NQM0781 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | N/A | N/A | C | A | C | A | A | A | N/A | N/A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3654 | Borrower(s) do not meet guideline requirements for citizenship status | No | The Guaranty Agreement was not located in the file. The subject is vested in an entity. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrowers have a 789 credit score; minimum required is 700 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 32 months reserves |
| 257NQM0822 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | Terms/Guidelines | Waived | C | B | C | B | CRDTER4631 | Loan parameters do not meet guidelines | No | Guides require 8% replacement reserve. The HOA has less than 3 months of FOA fee income in fidelity coverage. The file includes an exception request for this issue but no approval was located in the file. | (No Data) | Eresi exception approval provided. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Min score 700. Borrower score 782 CFCFS1737: LTV below guideline requirements - XXX Comments: Max LTV XXX. LTV is XXX |
| 257NQM0790 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 32.64 months of cash reserves. | |||||||||||||||
| 257NQM0762 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | C | A | A | A | D | A | D | A | C | A | A | A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC3204 | Income Documentation Missing | No | YTD signed P&L for XXX was not in the loan file. | (No Data) | 12/2/2024 Received FNMA guide. Still need YTD P&L 12/5/2024: Income not used for XXX and therefore a P&L was not required. | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: 36% DTI is below program max allowable of 45%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 12.02 months reserves. |
| 257NQM0762 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | C | A | A | A | D | A | D | A | C | A | A | A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the Fema Disaster- XXX- Hurricane XXX. | (No Data) | 12/2/2024 Appraisal provided indicates it was inspected XXX XXX Document provided to cure. | (No Data) | Not Applicable | CFCFS1744:
DTI below guideline requirement - XXX Comments: 36% DTI is below program max allowable of 45%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 12.02 months reserves. |
| 257NQM0850 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | Loan amount XXX are max at XXX LTV. The subject loan is XXX and XXX. | (No Data) | XXX exception in file. | (No Data) | Not Applicable | CFCFS1742:
Consumer credit history exceeds guidelines - XXX Comments: No historical lates CFCFS1741: Credit score exceeds guidelines - XXX Comments: FICO is 44 points higher than 700 min |
| 257NQM0780 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID4040 | TRID - CD: The Maximum Payment Amount on the AP Table of the Final Closing Disclosure does not match XXX's calculated Maximum Payment Amount | No | (No Data) | (No Data) | Updated data entry satisfies exception | Numeric | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower Representative Score: 798 CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: Consumer credit show 0x30x84 |
| 257NQM0780 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID4401 | TRID - CD: Lender's Projected Payments schedule ends in a different year than XXX's calculated Projected Payments Schedule | No | (No Data) | (No Data) | Updated data entry satisfies exception | Numeric | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower Representative Score: 798 CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: Consumer credit show 0x30x84 |
| 257NQM0780 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID5031 | TRID - CD: The Maximum Payment disclosed in at least one column of the Final Closing Disclosure does not match the Maximum Payment that XXX calculates. | No | (No Data) | (No Data) | Updated data entry satisfies exception | Numeric | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower Representative Score: 798 CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: Consumer credit show 0x30x84 |
| 257NQM0780 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID5045 | TRID - CD: The Total Maximum Payment disclosed in at least one column of the Projected Payments section of the Final Closing Disclosure does not match the Total Maximum Payment XXX that calculates. | No | (No Data) | (No Data) | Updated data entry satisfies exception | Numeric | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower Representative Score: 798 CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: Consumer credit show 0x30x84 |
| 257NQM0780 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Credit | Credit/Mtg History | Satisfied | C | A | C | A | CRDCRMH148 | Credit report stale dated at closing | No | The undisclosed debt notification dated within 10 days of closing was not in the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower Representative Score: 798 CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: Consumer credit show 0x30x84 |
| 257NQM0780 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | The borrower ATR certification or the underwriter's detailed attestation regarding the borrower's ability to repay was not located in the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower Representative Score: 798 CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: Consumer credit show 0x30x84 |
| 257NQM0825 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Credit/Mtg History | Satisfied | C | A | C | A | CRDCRMH148 | Credit report stale dated at closing | No | The undisclosed debt report/notification dated 10 days prior to the note date was not in the loan file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Borrower has XXX or 10.79 months reserves, Guidelines require XXX * 3 = XXX |
| 257NQM0825 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC3204 | Income Documentation Missing | No | Paystub provided indicates repay district . No loe was located in the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Borrower has XXX or 10.79 months reserves, Guidelines require XXX * 3 = XXX |
| 257NQM0825 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL4033 | Missing Legal Document(s) | No | Cert of occupancy from the city or county was not in the loan file. The subject was completed in 2024 . | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Borrower has XXX or 10.79 months reserves, Guidelines require XXX * 3 = XXX |
| 257NQM0752 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | C | A | A | A | D | B | D | B | C | A | A | A | Credit | Insurance | Waived | B | B | B | B | CRDINSR5081 | Insurance Policy missing required endorsements | No | The subject master insurance policy with replacement cost coverage was provided. In lien of personal coverage. | (No Data) | Exception approval in file. | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: XXX LTV is below program max allowable of XXX CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 65.74 months reserves. |
| 257NQM0752 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | C | A | A | A | D | B | D | B | C | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL4033 | Missing Legal Document(s) | No | Missing confirmation of whether Condo is warrantable or non-warrantable as required by guideline. | (No Data) | Lender verified non-warrantable. | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: XXX LTV is below program max allowable of XXX CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 65.74 months reserves. |
| 257NQM0752 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | C | A | A | A | D | B | D | B | C | A | A | A | Credit | Terms/Guidelines | Waived | C | B | C | B | CRDTER3122 | Loan documents do not meet guideline requirements | No | Per guideline, a letter explaining the use of loan proceeds is required for all transactions. In this case there is no letter on file explaining the use of cash-out proceeds. | (No Data) | XXX waiving the cash out letter as its not required in their guidelines. | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: XXX LTV is below program max allowable of XXX CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 65.74 months reserves. |
| 257NQM0752 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | C | A | A | A | D | B | D | B | C | A | A | A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA4817 | Natural Disaster Area, Subseq inspect prior to Disaster (Individual & Public) | No | Natural Disaster Area, Subseq inspect prior to Disaster (Individual & Public) | (No Data) | Invalid Exception. XXX The appraiser confirmed no damage as of XXX. Hurricane (XXX) was XXX | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: XXX LTV is below program max allowable of XXX CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 65.74 months reserves. |
| 257NQM0752 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | C | A | A | A | D | B | D | B | C | A | A | A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the Fema Disaster- XXX- Hurricane XXX. | (No Data) | 12/12/2024 Document provide to cure. 1/30/2025 The appraiser confirmed no damage as of XXX. Hurricane (XXX)was XXX | (No Data) | Not Applicable | CFCFS1737:
LTV below guideline requirements - XXX Comments: XXX LTV is below program max allowable of XXX CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 65.74 months reserves. |
| 257NQM0756 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | The guaranty agreement was missing from the file. | (No Data) | 12/11/2024: Note signed by borrower as an individual and therefore a guaranty is not required. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: B84 months of reserves. |
| 257NQM0756 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | The seller's DSCR calculation (1008/worksheet) was not in the file. | (No Data) | 12/11/2024: Document provided to cure. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: B84 months of reserves. |
| 257NQM0725 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Credit/Mtg History | Satisfied | D | A | D | A | CRDCRMH189 | Missing credit report | No | Missing credit report | (No Data) | 12/3/2024 Document provided to cure. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Guidelines require reserves in the amount of XXX (3 months). Total reserves verified in the amount of XXX (43.68 months). |
| 257NQM0725 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC3204 | Income Documentation Missing | No | The loan was delivered as a 24 month full Documentation loan. The file was missing the borrowers' 2022 W-2s and a VVOE within 10 business days prior to the Note date for the Co-borrower. The Final 1003 did not reflect a full 2 year employment history. | (No Data) | 12/3/2024 Received WVOE and vvoe. Still need 1003 reflecting a full 2 yr employment history. 12/5/2024 Received 1003 however per the WVOE provided the borrower was not employed with XXX in 2022 . Still need an accurate 2 years full employment on the final 1003. Document provided to cure. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Guidelines require reserves in the amount of XXX (3 months). Total reserves verified in the amount of XXX (43.68 months). |
| 257NQM0725 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | The 1008 and the AUS (LP or DU) as required by the XXX & 2nd Home program guidelines were missing from the file. | (No Data) | 12/3/2024 Document provided to cure. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Guidelines require reserves in the amount of XXX (3 months). Total reserves verified in the amount of XXX (43.68 months). |
| 257NQM0817 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | B | D | B | D | B | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3662 | TRID - Corrected CD should have been provided; APR is less than APR three business days prior to closing by more than allowable tolerance | No | (No Data) | (No Data) | Initial CD XXX APR disclosed as 8.938%, PCCD XXX APR disclosed as 8.946%. Increase of 0.008% is within tolerance. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower has a 741 credit score; guide requires 720 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 6 months reserves. |
| 257NQM0817 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | B | D | B | D | B | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3676 | TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation. | No | Recording Fee increased in the amount of XXX. Provide evidence of change of circumstance letter or a copy of a refundable check in the amount of XXX for ten percent tolerance fees. | (No Data) | Post close CD provided XXX discloses a reduced Recording fee(s) of XXX satisfying exception. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower has a 741 credit score; guide requires 720 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 6 months reserves. |
| 257NQM0817 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | B | D | B | D | B | A | A | C | B | Credit | Assets | Satisfied | C | A | C | A | CRDAST205 | Insufficient Funds to Close | No | Insufficient Funds to Close | (No Data) | 1/30/2025 Auto condition. Funds arent short. The borrower received a verified gift for partial FTC and EM was verified in conditions. Borrower has 6.46 months reserves. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower has a 741 credit score; guide requires 720 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 6 months reserves. |
| 257NQM0817 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | B | D | B | D | B | A | A | C | B | Credit | Assets | Satisfied | D | A | D | A | CRDAST2354 | Asset Verification In File is Incomplete Per Requirements | No | The XXX earnest money deposit wire shows it was from XXX. A gift letter for the XXX was not in the file. | (No Data) | 12/3/2024 Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower has a 741 credit score; guide requires 720 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 6 months reserves. |
| 257NQM0817 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | B | D | B | D | B | A | A | C | B | Credit | Credit/Mtg History | Satisfied | C | A | C | A | CRDCRMH148 | Credit report stale dated at closing | No | The undisclosed debt notification dated within 10 days of closing was not in the file. | (No Data) | 12/3/2024 Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower has a 741 credit score; guide requires 720 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 6 months reserves. |
| 257NQM0817 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | B | D | B | D | B | A | A | C | B | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC150 | Income docs do not meet guidelines | No | The guidelines indicate the P&L statement must cover the most recent previous 12 or 24 months. In this case, the loan was approved as 24 month bank statement program. The file did not include a 24 months P&L statement for the most recent previous 12 months. The file includes a 2022 and 2023 P&L statements and a YTD (XXX to XXX) P&L Statement. Audit used the 3 statements and average over 33 months for monthly income and used calculation purposes. | (No Data) | 12/13/2024: Documents meet the XXX guidelines. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower has a 741 credit score; guide requires 720 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 6 months reserves. |
| 257NQM0817 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | B | D | B | D | B | A | A | C | B | Credit | LTV/CLTV | Waived | C | B | C | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | According to the underwriting guidelines, the LTV is capped at XXX for the P&L Only program. | (No Data) | XXX allowing the LTV as XXX caps the LTV at XXX | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower has a 741 credit score; guide requires 720 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 6 months reserves. |
| 257NQM0817 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | B | D | B | D | B | A | A | C | B | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Evidence to confirm if the borrower is responsible for child support. The divorce decrees references child support but does not indicate an amount or who is responsible to pay. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower has a 741 credit score; guide requires 720 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 6 months reserves. |
| 257NQM0817 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | B | D | B | D | B | A | A | C | B | Credit | Terms/Guidelines | Satisfied | D | A | D | A | CRDTER4435 | Missing Condo/Co-op Certificate/Questionnaire | No | The file was missing the condominium questionnaire and there was no evidence if the subject is a warrantable or non-warrantable condo. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower has a 741 credit score; guide requires 720 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 6 months reserves. |
| 257NQM0754 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: Borrowers have XXX or 441.28 months reserves. | |||||||||||||||
| 257NQM0784 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Credit | Credit/Mtg History | Satisfied | B | A | B | A | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | The 12 months verification of mortgage for the subject property with the XXX was not in the loan file. | (No Data) | 12/17/2024: Document included in the file showing the mortgage history of 22 months | (No Data) | Not Applicable | (No Data) |
| 257NQM0784 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Credit | Credit/Mtg History | Satisfied | D | A | D | A | CRDCRMH189 | Missing credit report | No | The credit report for the borrower is missing from the loan file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0784 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | The payoff statement for XXX was not in the file. This mortgage was paid off at closing. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0784 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL2862 | Copy of Note in file is incomplete | No | The Note was missing from the loan file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0784 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER4643 | Borrower does not meet guideline requirements | No | The mortgage shows the subject is vested in XXX. The operating agreement, tax ID, articles of organization, guaranty agreement, certificate of good standing for XXX were missing from the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0784 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Credit | Terms/Guidelines | Satisfied | D | A | D | A | CRDTER146 | Missing lender's loan approval/underwriting form | No | The 1008 and DSCR calculation is missing from the loan file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0784 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR255 | Appraisal form does not match property type(Multi-Fam) | No | Appraisal form does not match property type(Multi-Fam) | (No Data) | 1/30/2025 The appraisal was missing at u/w an a auto exception fired once the actual appraisal was entered. It was satisfied vs canceled. Form 1025 required and received. | (No Data) | Not Applicable | (No Data) |
| 257NQM0784 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR4463 | UCDP - File is missing evidence that appraisal report was successfully submitted to UCDP | No | According to the underwriting guidelines, an appraisal review is required for all loans. The review must be a Collateral Desktop Analysis (CDA) from XXX or an independent vendor; or ARR from XXX or the CU/LCA score must be 2.5 or less. In this case, the appraisal review product and the CU/LCA score is missing from the loan file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0784 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR100 | Missing Appraisal | No | The Appraisal for the subject property is missing from the loan file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | (No Data) |
| 257NQM0749 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | A | B | B | N/A | N/A | D | B | D | A | B | B | N/A | N/A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | The insurance premium, annual taxes and HOA (if any) for XXX were missing from the file. | (No Data) | Audit used the XXX for ins/tax/HOA as shown on the final 1003 for calculation purposes. | (No Data) | Not Applicable | CFCFS5269:
Minimal use of credit - XXX Comments: 17.06% revolving credit utilization ratio. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 7.65 months reserves. CFCFS1744: DTI below guideline requirement - XXX Comments: 20.95% DTI is below program max allowable of 50%. |
| 257NQM0749 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | A | B | B | N/A | N/A | D | B | D | A | B | B | N/A | N/A | Credit | Terms/Guidelines | Satisfied | D | A | D | A | CRDTER146 | Missing lender's loan approval/underwriting form | No | The 1008 was missing from the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS5269:
Minimal use of credit - XXX Comments: 17.06% revolving credit utilization ratio. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 7.65 months reserves. CFCFS1744: DTI below guideline requirement - XXX Comments: 20.95% DTI is below program max allowable of 50%. |
| 257NQM0749 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | A | B | B | N/A | N/A | D | B | D | A | B | B | N/A | N/A | Property Valuations | Potential Misrepresentation | Waived | B | B | B | B | PRVAPMR1807 | Potential misrepresentation of property value | No | The guidelines require using the lower of the appraised value or list price when the subject has been listed within the last 6 months. In this case, the subject was listed on XXX for XXX and removed on XXX. The appraised value was XXX. The LTV is based on the appraised value. The file includes an XXX approval dated XXX to use the appraised value on the property instead of the list price.. | (No Data) | The file includes an XXX approval dated XXX to use the appraised value on the property instead of the list price. | (No Data) | Not Applicable | CFCFS5269:
Minimal use of credit - XXX Comments: 17.06% revolving credit utilization ratio. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 7.65 months reserves. CFCFS1744: DTI below guideline requirement - XXX Comments: 20.95% DTI is below program max allowable of 50%. |
| 257NQM0710 | XXXXXX | XXXXXX | QM: Rebuttable Presumption | QM: Rebuttable Presumption (APOR) | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL4033 | Missing Legal Document(s) | No | Missing UDN dated within 10 days of closing date. Latest credit report on file is dated within 11 days of closing date. | (No Data) | 12/4/2024 Received credit report from XXX. The credit report is not expired. The UDN is what is needed here dated within 10 days of closing. 12/6/2024: Loan closed on XXX which is within 10 days of the credit report. | (No Data) | Not Applicable | CFCFS5269:
Minimal use of credit - XXX Comments: 4.35% revolving credit utilization ratio. CFCFS1744: DTI below guideline requirement - XXX Comments: 34.09% DTI is below program max allowable of 50%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 73 months reserves. |
| 257NQM0829 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | The deed transferring the subject from the business XXXX to the borrower was not in the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower Representative Score: 710 CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: Consumer credit show 0x30x99 |
| 257NQM0826 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC150 | Income docs do not meet guidelines | No | According to the XXX Access Non-QM guidelines, the most recent unaudited 12 month P&L statement is required under the P&L statement only program. In this case, the P&L statement provided was 24 months. | (No Data) | page 39 of the guide (XXX)12/20/2024 - email from Dawn - client wants this loan re-underwritten to the XXX Alt doc guidelines. These guidelines allow for a 24 month P&L statement. The documentation in the file (page 283 P&L statement, page 525 CPA letter with ownership percentage, length of XXX and attested reviewed finanancials and page 528 CPA license verified) | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower Representative Score: 809 CFCFS2854: Significant time in profession - XXX Comments: Borrower has been in this line of work in the past: 15 years CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: Consumer credit show 0x30x95 |
| 257NQM0826 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER4643 | Borrower does not meet guideline requirements | No | According to the underwriting guidelines, payment shock cannot exceed 100% when the loan is a P&L only program. In this case, the payment shock (XXX/XXX) is 136%. The file includes an exception request for this issue but there was not an XXX approval located in the file. | (No Data) | page 53 of the XXX guideXXX -email from Dawn - client wants this loan re-underwritten to the XXX alt doc guides. The above exception would not apply as the XXX guides don't have a payment shock requirement. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower Representative Score: 809 CFCFS2854: Significant time in profession - XXX Comments: Borrower has been in this line of work in the past: 15 years CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: Consumer credit show 0x30x95 |
| 257NQM0830 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 25.90 months of cash reserves. | |||||||||||||||
| 257NQM0707 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS2860:
Good credit history - XXX Comments: No derogatory information reflected on the credit report. | |||||||||||||||
| 257NQM0842 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Credit | Credit/Mtg History | Satisfied | C | A | C | A | CRDCRMH148 | Credit report stale dated at closing | No | Missing UDN within 10 days of closing. | (No Data) | 12.27 UDN provided to clear. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 43 months of reserves |
| 257NQM0842 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | The insurance premium, annual taxes and HOA dues (if any) for XXXX were missing from the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 43 months of reserves |
| 257NQM0842 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC150 | Income docs do not meet guidelines | No | The guides indicate under the bank statement program the borrower's ownership percentage in the business must be verified by CPA/third party tax Preparer (excluding PTIN tax preparers, operation agreement, partnership agreement or business certificate. In this case, the borrower's ownership was verified by a PTIN tax preparer. | (No Data) | 12.27 documentation provided to cure. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 43 months of reserves |
| 257NQM0842 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC3204 | Income Documentation Missing | No | The guides require an explanation from the borrower when the income on the initial signed application is significantly different than the calculated income under the bank statement program. In this case, the signed initial 1003 shows borrower's income at XXX but the calculated income was XXX. An explanation letter from the borrower was not in the file. | (No Data) | Borrower provided a LOE, however even if the income from the initial 1003 was used the DTI would still be within the guidelines at 47%. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 43 months of reserves |
| 257NQM0842 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER4238 | Business entity does not meet guidelines | No | The articles of organization, operating agreement, certificate of good standing and the tax ID for XXX were not in the file. The subject is vested in this entity | (No Data) | 12.27 documentation provided to clear | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 43 months of reserves |
| 257NQM0842 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR275 | Completed "Subject To" w/o Completion Cert in File | No | The subject is currently a builders model home. The subject garage is currently being used as the sales office. It has beenenclosed. The final value is subject to the conversion of the sales office to a 3 car garage. The completion cert was not in file. | (No Data) | 12.27 1004D provided | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 43 months of reserves |
| 257NQM0842 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing third party valuation (CDA) to support the appraised value. The CU score was 3.9. | (No Data) | 12.27 documentation provided to cure | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 43 months of reserves |
| 257NQM0842 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No subsequent inspection since Hurricane XXX. Appraisal dated XXX | (No Data) | 12.27 1004D completed post disaster confirms no damage | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 43 months of reserves |
| 257NQM0783 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 112 months of cash reserves. | |||||||||||||||
| 257NQM0816 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL4033 | Missing Legal Document(s) | No | The LLC Borrowing Certificate is missing from the loan file as required when a property is vested in an Entity and all members are not on the loan. | (No Data) | Document to cure. | (No Data) | Not Applicable | CFCFS1731:
Verified cash reserves exceed guidelines - XXX Comments: 112.62 months of cash reserves. |
| 257NQM0763 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Min score 720. Borrower 770 CFCFS1737: LTV below guideline requirements - XXX Comments: LTV max XXX. Borrower LTV XXX | |||||||||||||||
| 257NQM0798 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Assets | Satisfied | C | A | C | A | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | 6 months PITIA for reserves is required. Without the closing disclosure to verify the funds needed to close, it could not be confirmed if the reserve requirement is met | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower Representative Score: 708 CFCFS2854: Significant time in profession - XXX Comments: Borrower has been in this line of work in the past: 15 years |
| 257NQM0798 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL2420 | Missing HUD-1 (Final and Estimated) | No | Provide final hud-1. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: Borrower Representative Score: 708 CFCFS2854: Significant time in profession - XXX Comments: Borrower has been in this line of work in the past: 15 years |
| 257NQM0851 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | |||||||||||||||
| 257NQM0808 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Assets | Satisfied | D | A | D | A | CRDAST2354 | Asset Verification In File is Incomplete Per Requirements | No | The terms of withdrawal for the XXX account was missing from the file. This account was used for closing and reserves. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1742:
Consumer credit history exceeds guidelines - XXX Comments: No historical lates CFCFS1741: Credit score exceeds guidelines - XXX Comments: 780 credit score; minimum required is 700. |
| 257NQM0856 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL988 | Loan File is Missing or Contains Insufficient Documentation for Basic Review | No | The Borrower Certification of Business Purpose form is missing from the loan file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1741:
Credit score exceeds guidelines - XXX Comments: 793 credit score is 10+ points > requirement. |
| 257NQM0828 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744:
DTI below guideline requirement - XXX Comments: 25.44% DTI is below program max allowable of 50%. CFCFS5269: Minimal use of credit - XXX Comments: 10.45% revolving credit utilization ratio. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 17.36 months reserves. | |||||||||||||||
| 257NQM0796 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | D | A | D | A | D | A | D | A | D | A | Compliance | Documentation | Satisfied | D | A | D | A | CMPDOC3268 | Note in file is incomplete | No | The Note is missing from the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has lived at current residence for the past: XXX years |
| 257NQM0796 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | D | A | D | A | D | A | D | A | D | A | Credit | Assets | Satisfied | C | A | C | A | CRDAST205 | Insufficient Funds to Close | No | Asset verification dated within 30 days of the application date to confirm the borrower has sufficient funds for the earnest money (XXX), closing (XXX) and 3 months reserves was not in the file. | (No Data) | Documents provided to cure. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has lived at current residence for the past: XXX years |
| 257NQM0796 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | D | A | D | A | D | A | D | A | D | A | Credit | Credit/Mtg History | Satisfied | B | A | B | A | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | The loan file is missing XXX and XXX for the primary mortgages XXX XXX and XXX #XXX | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has lived at current residence for the past: XXX years |
| 257NQM0796 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | D | A | D | A | D | A | D | A | D | A | Credit | Credit/Mtg History | Satisfied | D | A | D | A | CRDCRMH189 | Missing credit report | No | Missing credit report | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has lived at current residence for the past: XXX years |
| 257NQM0796 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | D | A | D | A | D | A | D | A | D | A | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR289 | Insufficient Hazard Insurance Coverage | No | Missing sufficient Hazard Insurance Coverage ( loan amt XXX vs XXX dwelling coverage). | (No Data) | Document provided to cure. Hoi, invoice and RCE uploaded | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has lived at current residence for the past: XXX years |
| 257NQM0796 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | D | A | D | A | D | A | D | A | D | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL988 | Loan File is Missing or Contains Insufficient Documentation for Basic Review | No | The guidelines required either an appraisal review product or a CU/LCA score of 2.5 or less. In this case, the CU/LCA score and appraisal review product were not in the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has lived at current residence for the past: XXX years |
| 257NQM0796 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | D | A | D | A | D | A | D | A | D | A | Credit | LTV/CLTV | Satisfied | C | A | C | A | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | It appears the borrower is a first time investor. The maximum LTV for a first time investor is XXX. The subject has an XXX LTV. | (No Data) | Document provided to cure, Lease agreement provided to evidence not 1st time investor. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has lived at current residence for the past: XXX years |
| 257NQM0796 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | D | A | D | A | D | A | D | A | D | A | Credit | Terms/Guidelines | Satisfied | D | A | D | A | CRDTER146 | Missing lender's loan approval/underwriting form | No | The 1008 and seller's DSCR calculation were missing from the file. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has lived at current residence for the past: XXX years |
| 257NQM0796 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | D | A | D | A | D | A | D | A | D | A | D | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR100 | Missing Appraisal | No | Missing Appraisal | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS1736:
Significant time at current residence - XXX Comments: Borrower has lived at current residence for the past: XXX years |