Loan ID

Customer Loan ID

Seller Loan ID

Note Date

Original Loan Amount

Last Name

Property State

Occupancy

Purpose

Originator QM Status

TPR QM Status

Exception ID

Exception Number

Exception Date

Exception Type

Exception Subcategory

Exception

Exception Remedy

Rebuttal

TPR Response

Compensating Factors

Status Update Date

Finding Status

Initial Exception Grade

Final Exception Grade

Initial Loan Grade

Final Loan Grade

257NQM0775

XXXXXX

Primary Residence

Refinance

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

2872818

1 of 5

2024-11-24 02:49

Compliance

No Compliance Findings

The loan meets all applicable compliance guidelines.

2024-11-24 02:49

Cleared

257NQM0775

XXXXXX

Primary Residence

Refinance

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

2878902

2 of 5

2024-11-25 18:30

Credit

Program Parameters - Product Type

The subject loan does not meet program parameters for product type. The loan approval states Full documentation type.
However, P&L was provided only. Confirm the correct Product XXXXXX or XXXXXX documentation.

Document Uploaded. LOE for program confirmation - 12/11/2024

2024-12-12 23:22

Resolved

257NQM0775

XXXXXX

Primary Residence

Refinance

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

2879300

3 of 5

2024-11-25 18:52

Credit

Income - Guideline Requirements

The income documents provided in the loan file did not meet guidelines. Per guidelines, Tte P&L must be completed and reviewed by a Certified Public Accountant, Enrolled Agent, CTEC, Chartered Tax Adviser or Independent Licensed Accountant. The preparer that completed the P&L has a PTIN. XXXXXX does not allow PTIN tax preparers. PTIN preparers that work for a 3rd party firm may be permitted by exception only. The exception is missing from the loan file.

Document Uploaded. Variance approval - 12/12/2024

LTV is less than 66%. 40 months of reserves. Borrower has been in the current residence for over 25 years. Mortgages have been paid as agreed. - 12/17/2024

Document Uploaded. Variance approval - 12/12/2024

LTV is less than 66%. 40 months of reserves. Borrower has been in the current residence for over 25 years. Mortgages have been paid as agreed.

2025-06-26 15:17

Waived

257NQM0775

XXXXXX

Primary Residence

Refinance

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

2880610

4 of 5

2024-11-25 20:26

Credit

FEMA Declared Disaster Area Post Closing Review

The subject property was located in a XXXXXX declared disaster area. Post closing property inspection report required. The loan was originated on XXXXXX and the appraisal was completed on XXXXXX. The property is located in XXXXXX in which a natural disaster occured XXXXXX where public assistance is available. Per guidelines, all mortgage transactions located in a federally declared disaster zone, whether it is a purchase or a refinance, require a Disaster Inspection Report confirming no damage to the subject and no adverse impact to marketability. The disaster inspection report is missing from the loan file.

Document Uploaded. disaster inspection - 12/09/2024

Inspection report has been received. - 12/12/2024

Document Uploaded. disaster inspection - 12/09/2024

2024-12-12 23:22

Resolved

257NQM0775

XXXXXX

Primary Residence

Refinance

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

2880661

5 of 5

2024-11-25 20:29

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-11-25 20:29

Cleared

257NQM0804

XXXXXX

Primary Residence

Purchase

Non-QM: Lender documented all ATR UW factors

2872888

1 of 4

2024-11-24 05:23

Compliance

No Compliance Findings

The loan meets all applicable compliance guidelines.

2024-11-24 05:23

Cleared

257NQM0804

XXXXXX

Primary Residence

Purchase

Non-QM: Lender documented all ATR UW factors

2877842

2 of 4

2024-11-25 17:20

Credit

Third Party Fraud Report not Provided

Missing third party fraud report.

Document Uploaded. FRAUD - 12/02/2024

Third party fraud report is provided - 12/04/2024

Document Uploaded. FRAUD - 12/02/2024

2024-12-04 21:27

Resolved

257NQM0804

XXXXXX

Primary Residence

Purchase

Non-QM: Lender documented all ATR UW factors

2877861

3 of 4

2024-11-25 17:21

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-11-25 17:21

Cleared

257NQM0804

XXXXXX

Primary Residence

Purchase

Non-QM: Lender documented all ATR UW factors

2882574

4 of 4

2024-11-26 01:58

Credit

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Audited reserves months are less than the guideline required reserve months. Per the final loan application, the proceeds from the sale of the property at XXXXXX was $XXXXXX. Per the seller's final settlement statement, the net proceeds are $XXXXXX. Per guidelines, 3 months reserves are required. The total cash on hand is XXXXXX. The required cash to close is XXXXXX plus reserves of $XXXXXX total $XXXXXX. The borrower is short $XXXXXX.

Document Uploaded. 1008 and bank statements - 12/16/2024

Asset statements have been provided. - 12/20/2024

Audited Reserves of 13.99 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - 12/20/2024

Audited Reserves of month(s) are greater than or equal to Guideline Required Reserves of month(s) - 12/20/2024

Document Uploaded. 1008 and bank statements - 12/16/2024

2024-12-20 00:37

Resolved

257NQM0861

XXXXXX

Investment

Refinance

ATR/QM: Exempt

2888343

1 of 3

2024-11-26 18:21

Credit

Missing VOM or VOR

Missing VOM for subject XXXXXX. Final 1003 shows XXXXXX balance XXXXXX. The XXXXXX VOM and payoff in file are for other REOXXXXXX. Per guidelines XXXXXX, "Housing history for the DSCR Doc type is limited to verifying the borrower’s primary residence and the subject property if a refinance transaction. For these properties, VOMs are required for any outstanding mortgages including private mortgages. No additional documentation is required to support the VOM (e.g. cancelled checks not required). Verifications dated within 30 days of application do not require to be updated unless more than 60 days at time of Note date." Condition still remains.

Document Uploaded. Supporting Docs Uploaded - 01/06/2025

Received contracts verifying blanket mortgage with XXXXXXt covers XXXXXX. Condition resolved. - 01/07/2025
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - 01/07/2025
Document Uploaded. Supporting Docs Uploaded - 01/06/2025

2025-01-07 16:19

Resolved

257NQM0861

XXXXXX

Investment

Refinance

ATR/QM: Exempt

2888558

2 of 3

2024-11-26 18:37

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-11-26 18:37

Cleared

257NQM0861

XXXXXX

Investment

Refinance

ATR/QM: Exempt

2888571

3 of 3

2024-11-26 18:38

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-11-26 18:38

Cleared

257NQM0730

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2901541

1 of 3

2024-11-29 15:05

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

2024-11-29 15:05

Cleared

257NQM0730

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2901542

2 of 3

2024-11-29 15:05

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-11-29 15:05

Cleared

257NQM0730

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2901543

3 of 3

2024-11-29 15:06

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-11-29 15:06

Cleared

257NQM0713

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2918209

1 of 3

2024-12-03 15:29

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-12-03 15:29

Cleared

257NQM0713

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2918210

2 of 3

2024-12-03 15:30

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-03 15:30

Cleared

257NQM0713

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2921163

3 of 3

2024-12-03 18:43

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

2024-12-03 18:43

Cleared

257NQM0731

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2909914

1 of 3

2024-12-02 19:45

Credit

Income - Rental Property

Rental income is not properly documented and/or supported. Missing 3 months proof of receipt of rent at subject XXXXXX. Lender UW used higher lease amount XXXXXX. Per guidelines, When the Lease is greater than the market rent, the higher lease amount may be used with 3 months current proof of receipt of the higher rental income (or as per the terms on the lease agreement for new leases).

Comp factors: Strong qualifying fico, experienced homeowner, excessive reserves. - 12/06/2024

Comp factors: Strong qualifying fico, experienced homeowner, excessive reserves.

2025-06-26 15:17

Waived

257NQM0731

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2910392

2 of 3

2024-12-02 20:21

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-02 20:21

Cleared

257NQM0731

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2910407

3 of 3

2024-12-02 20:21

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-12-02 20:21

Cleared

257NQM0714

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2919061

1 of 3

2024-12-03 16:35

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-12-03 16:35

Cleared

257NQM0714

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2919063

2 of 3

2024-12-03 16:35

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-03 16:35

Cleared

257NQM0714

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2921191

3 of 3

2024-12-03 18:44

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

2024-12-03 18:44

Cleared

257NQM0742

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2916815

1 of 3

2024-12-03 13:26

Credit

Hazard Insurance Policy is Missing

Missing hazard insurance policy. Missing hazard insurance policy. Missing hazard insurance policy.

Document Uploaded. HOI w coverage breakdown - 12/09/2024

Document Uploaded. HAZARD INSURANCE - 12/05/2024

Hazard Insurance Policy was provided. - 12/11/2024

Documentation provided is acceptable. - 12/11/2024

Document Uploaded. HOI w coverage breakdown - 12/09/2024

Received invoice showing HOI premium. Missing declaration with evidence of coverage amount. - 12/06/2024

Hazard Insurance Policy was provided. - 12/06/2024

Document Uploaded. HAZARD INSURANCE - 12/05/2024

2024-12-11 15:57

Resolved

257NQM0742

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2917015

2 of 3

2024-12-03 13:51

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-12-03 13:51

Cleared

257NQM0742

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2917020

3 of 3

2024-12-03 13:51

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-03 13:51

Cleared

257NQM0767

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2921291

1 of 4

2024-12-03 18:50

Credit

Hazard Insurance Policy is Missing

Missing hazard insurance policy.

Document Uploaded. xxxx DEC PAGE - coverage 250k - 12/13/2024
Document Uploaded. HAZARD INSURANCE - 12/05/2024

Documentation provided is acceptable. - 12/13/2024
Hazard Insurance Policy was provided. - 12/13/2024
Document Uploaded. XXXXXX DEC PAGE - coverage 250k - 12/13/2024
The document provided was only the hazard insurance invoice. Please provide the declarations page to ensure sufficient coverage, as required. - 12/06/2024
Hazard Insurance Policy was provided. - 12/06/2024
Document Uploaded. HAZARD INSURANCE - 12/05/2024

2024-12-13 19:48

Resolved

257NQM0767

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2921631

2 of 4

2024-12-03 19:11

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-03 19:11

Cleared

257NQM0767

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2921635

3 of 4

2024-12-03 19:12

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-12-03 19:12

Cleared

257NQM0767

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2923916

4 of 4

2024-12-03 22:31

Credit

Approval/Underwriting Summary Not Provided

The loan did not contain the Approval/Underwriting Summary.

Document Uploaded. LOAN TRANSMITTAL 1008 - 12/05/2024

Documentation provided is sufficient. - 12/06/2024

Approval/Underwriting Summary is fully present - 12/06/2024

Document Uploaded. LOAN TRANSMITTAL 1008 - 12/05/2024

2024-12-13 19:44

Resolved

257NQM0715

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2917407

1 of 3

2024-12-03 14:34

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-12-03 14:34

Cleared

257NQM0715

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2917414

2 of 3

2024-12-03 14:34

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

2024-12-03 14:34

Cleared

257NQM0715

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2917416

3 of 3

2024-12-03 14:34

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-03 14:34

Cleared

257NQM0732

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2922208

1 of 4

2024-12-03 19:50

Property

Loan Purpose is Purchase but Purchase Contract Doc is Missing

Loan purpose is purchase and valuation type of purchase contract has not been selected. Loan Purpose is Purchase but Purchase Contract Doc is Missing.

Document Uploaded. Purchase Full Contract - 12/09/2024

Document Uploaded. PURCHASE CONTRACT & ADDENDUM - 12/06/2024

Documentation provided is sufficient. - 12/10/2024
Purchase Contract Doc is not Missing, or is Not Applicable. - 12/10/2024
Document Uploaded. Purchase Full Contract - 12/09/2024
The documentation provided was just an amendment to the Agreement of Sale only and documentation that the XXXXXX was the seller. Please provide the Agreement of Sale with the terms and conditions of the purchase, including the sales price of the subject property. - 12/09/2024
Document Uploaded. PURCHASE CONTRACT & ADDENDUM - 12/06/2024

2024-12-10 14:06

Resolved

257NQM0732

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2922436

2 of 4

2024-12-03 20:07

Credit

Third Party Fraud Report Partially Provided

Third party fraud report partially provided. Per guidelines, Data integrity is crucial to having a quality loan file delivery and mitigation of fraud risk. All loans must be submitted to an automated fraud and data check tool (i.e. XXXXXX, XXXXXX, etc.). A copy of the findings report must be provided in the loan file along with any documentation resolving any deficiencies or red flags
noted.

Document Uploaded. Fraud ADV120 - full report - 12/05/2024

Documentation provided is sufficient. - 12/06/2024
Third Party Fraud Report is fully present - 12/06/2024
Document Uploaded. XXXXXX - full report - 12/05/2024

2024-12-06 14:20

Resolved

257NQM0732

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2922447

3 of 4

2024-12-03 20:07

Credit

Approval/Underwriting Summary Not Provided

The loan did not contain the Approval/Underwriting Summary. The loan did not contain the Approval/Underwriting Summary.

Document Uploaded. LOAN TRANSMITTAL 1008 - 12/05/2024

Documentation provided is sufficient. - 12/06/2024

Document Uploaded. LOAN TRANSMITTAL 1008 - 12/05/2024

2024-12-06 14:29

Resolved

257NQM0732

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2922458

4 of 4

2024-12-03 20:08

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-12-03 20:08

Cleared

257NQM0733

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2920700

1 of 3

2024-12-03 18:12

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-12-03 18:12

Cleared

257NQM0733

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2920732

2 of 3

2024-12-03 18:13

Credit

Approval/Underwriting Summary Not Provided

The loan did not contain the Approval/Underwriting Summary. Missing Final Approval Certificate or Final 1008.

Document Uploaded. LOAN TRANSMITTAL 1008 - 12/05/2024

Documentation provided is sufficient. - 12/06/2024

Approval/Underwriting Summary is fully present - 12/06/2024

Document Uploaded. LOAN TRANSMITTAL 1008 - 12/05/2024

2024-12-06 14:32

Resolved

257NQM0733

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2920738

3 of 3

2024-12-03 18:14

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-03 18:14

Cleared

257NQM0863

XXXXXX

Primary Residence

Purchase

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

2919888

1 of 4

2024-12-03 17:19

Compliance

No Compliance Findings

The loan meets all applicable compliance guidelines.

2024-12-03 17:19

Cleared

257NQM0863

XXXXXX

Primary Residence

Purchase

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

2926803

2 of 4

2024-12-04 14:17

Credit

Borrower 1 3rd Party VOE Prior to Close Missing

Borrower 1 3rd party VOE prior to close missing. Borrower is 1099 for XXXXXX and XXXXXX. Per the guideline, if WVOE cannot be obtained for any employers in 2-year history, an LOE is required regarding the extenuating reason why it cannot be obtained as well as both a year end and a year-to-date paystub from all contract employers to support the income calculation. There was no WVOE in the file and no letter in regards to why it cannot be obtained.

Document Uploaded. Doc Uploaded - 12/30/2024

Borrower LOE in file with originator explanation received. Guideline allows for letter of explanation as to why a WVOE cannot be obtained. Substitute documentation in accordance with guideline (XXXXXX deposits into XXXXXX bank account with borrower LOE) were found in file. - 01/02/2025
Borrower 1 3rd Party VOE prior to close was provided. - 01/02/2025
Document Uploaded. Doc Uploaded - 12/30/2024

2025-01-02 17:57

Resolved

257NQM0863

XXXXXX

Primary Residence

Purchase

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

2927183

3 of 4

2024-12-04 14:59

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-04 14:59

Cleared

257NQM0863

XXXXXX

Primary Residence

Purchase

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

2931076

4 of 4

2024-12-04 19:21

Credit

Program Parameters - Guidelines Conformity

The subject loan does not conform to program guidelines. Per guidelines borrowers living rent free with any person other than a non-borrowing spouse are not eligible and may only be considered on an exception basis. Borrower lives with parents rent free, could not locate exception approval in file.

Document Uploaded. Variance request document - 01/02/2025

Document Uploaded. Doc Uploaded - 12/30/2024

Exception approval received. - 01/06/2025

Document Uploaded. Variance request document - 01/02/2025

Documentation provided is incomplete. Please provide the exception request document. - 12/31/2024

Document Uploaded. Doc Uploaded - 12/30/2024

DTI less than 41%, 0x30x36, LTV <42%, FICO >700, residual income >$5K

2025-01-06 17:18

Waived

257NQM0721

XXXXXX

Investment

Refinance

ATR/QM: Exempt

2826255

1 of 3

2024-11-17 18:12

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-11-17 18:12

Cleared

257NQM0721

XXXXXX

Investment

Refinance

ATR/QM: Exempt

2826256

2 of 3

2024-11-17 18:12

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-11-17 18:12

Cleared

257NQM0721

XXXXXX

Investment

Refinance

ATR/QM: Exempt

2848411

3 of 3

2024-11-20 16:03

Credit

Borrower 1 Credit Report is Missing

Borrower 1 credit report is missing. Credit report provided is after closing. Missing credit report prior to closing. Credit report is still dated after Note date. Missing original credit report used for decisioning.

Document Uploaded. Credit report 8/8/24 - 12/05/2024

Borrower 1 Credit Report is not missing. - 12/11/2024
Received XXXXXX4 credit report with no issues noted. - 12/07/2024
Document Uploaded. Credit report XXXXXX - 12/05/2024

2024-12-11 13:47

Resolved

257NQM0757

XXXXXX

Primary Residence

Purchase

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

2944222

1 of 3

2024-12-05 21:52

Compliance

No Compliance Findings

The loan meets all applicable compliance guidelines.

2024-12-05 21:52

Cleared

257NQM0757

XXXXXX

Primary Residence

Purchase

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

2945228

2 of 3

2024-12-06 02:30

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-06 02:30

Cleared

257NQM0757

XXXXXX

Primary Residence

Purchase

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

2953046

3 of 3

2024-12-06 20:06

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

2024-12-06 20:06

Cleared

257NQM0726

XXXXXX

Primary Residence

Purchase

Non-QM: Lender documented all ATR UW factors

2887762

1 of 4

2024-11-26 17:44

Compliance

No Compliance Findings

The loan meets all applicable compliance guidelines.

2024-11-26 17:44

Cleared

257NQM0726

XXXXXX

Primary Residence

Purchase

Non-QM: Lender documented all ATR UW factors

2890128

2 of 4

2024-11-26 20:35

Credit

Gift Letter - No Evidence for Transfer of Funds

No evidence of the transfer of gift funds from the donor to the borrower was located in the file. The final 1003 details $XXXXXX gift and XXXXXX gift not deposited. Guidelines require Gifts must be from a family member. Missing evidence of transfer and Gift letters.

Document Uploaded. revised 1003 and 1008 - 11/27/2024

Updated 1003 and 1008 removing gift funds received. Assets still meet cash to close and reserves. Condition resolved. - 12/02/2024

Document Uploaded. revised 1003 and 1008 - 11/27/2024

2024-12-02 17:20

Resolved

257NQM0726

XXXXXX

Primary Residence

Purchase

Non-QM: Lender documented all ATR UW factors

2890317

3 of 4

2024-11-26 20:54

Credit

FEMA Declared Disaster Area Post Closing Review

The subject property was located in a XXXXXX declared disaster area. Post closing property inspection report required. XXXXXX- subject located in XXXXXX. Origination XXXXXX; AppraisalXXXXXX; Closing XXXXXX.
Designated Areas: Disaster XXXXXX. Subject impacted. Public assistance offered XXXXXX (County), XXXXXX (County), XXXXXX (County), XXXXXX (County),XXXXXX (County), XXXXXX (County), XXXXXX (County), XXXXXX (County), XXXXXX (County)
XXXXXX(County), XXXXXX (County), XXXXXX (County) , XXXXXX (County) & XXXXXX (County). Appraisal Post Disaster Inspection Report is required.

Document Uploaded. PDI - 11/27/2024

PDI showing free and clear of disaster related damages received. Condition resolved. - 12/02/2024
The subject property was located in a XXXXXX declared disaster area. Post closing property inspection report required. - 12/02/2024
Document Uploaded. PDI - 11/27/2024

2024-12-02 17:19

Resolved

257NQM0726

XXXXXX

Primary Residence

Purchase

Non-QM: Lender documented all ATR UW factors

2890434

4 of 4

2024-11-26 21:06

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-11-26 21:06

Cleared

257NQM0734

XXXXXX

Investment

Purchase

Non-QM: Lender documented all ATR UW factors

ATR/QM: Exempt

2927407

1 of 3

2024-12-04 15:22

Compliance

No Compliance Findings

The loan meets all applicable compliance guidelines.

2024-12-04 15:22

Cleared

257NQM0734

XXXXXX

Investment

Purchase

Non-QM: Lender documented all ATR UW factors

ATR/QM: Exempt

2930504

2 of 3

2024-12-04 18:28

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

2024-12-04 18:28

Cleared

257NQM0734

XXXXXX

Investment

Purchase

Non-QM: Lender documented all ATR UW factors

ATR/QM: Exempt

2930509

3 of 3

2024-12-04 18:29

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-04 18:29

Cleared

257NQM0839

XXXXXX

Primary Residence

Refinance

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

2969953

1 of 3

2024-12-10 14:31

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-10 14:31

Cleared

257NQM0839

XXXXXX

Primary Residence

Refinance

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

2971210

2 of 3

2024-12-10 15:54

Credit

Delinquent Credit History Does Not Meet Guideline Requirements

Delinquent Credit History does not meet guideline requirements. The guidelines require all past due account to be brought current. The undisclosed debt monitor report in the file shows the XXXXXX account #XXXXXX is 30 days past due. Please document this account was brought current.

Document Uploaded. Borrower paid deficiency on XXXXXX (XXXXXX Account) on XXXXXX - the day of funding.
Delinquent amount was XXXXXX. Borrower paid XXXXXX towards the account. - 12/30/2024

Documentation provided is sufficient. - 12/31/2024
Document Uploaded. Borrower paid deficiency on XXXXXX (XXXXXX Account) on XXXXXX - the day of funding. Delinquent amount was $XXXXXX Borrower paid XXXXXX towards the account. - 12/30/2024

2024-12-31 13:55

Resolved

257NQM0839

XXXXXX

Primary Residence

Refinance

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

2973226

3 of 3

2024-12-10 17:47

Compliance

No Compliance Findings

The loan meets all applicable compliance guidelines.

2024-12-10 17:47

Cleared

257NQM0755

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2812755

1 of 13

2024-11-14 18:34

Compliance

The Note is Missing

The Note is missing.

Document Uploaded. Personal Guaranty - 12/12/2024

Document Uploaded. Supporting Doc Uploaded - 11/18/2024

Documentation provided is sufficient. - 12/13/2024
Document Uploaded. Personal Guaranty - 12/12/2024
Upon review of the Note, the loan closed in the name of XXXXXX. Please provide the executed personal Guaranty. - 11/20/2024
The Note has been provided. - 11/20/2024
Document Uploaded. Supporting Doc Uploaded - 11/18/2024

2024-12-13 13:45

Resolved

257NQM0755

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2812766

2 of 13

2024-11-14 18:35

Compliance

The Deed of Trust is Missing

The Deed of Trust is missing.

Document Uploaded. Supporting Doc Uploaded - 11/18/2024

Documentation provided is sufficient. - 11/20/2024

The Deed of Trust has been provided. - 11/20/2024

Document Uploaded. Supporting Doc Uploaded - 11/18/2024

2024-11-20 14:58

Resolved

257NQM0755

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2812986

3 of 13

2024-11-14 18:47

Credit

Title Document Missing

Title document is missing.

Document Uploaded. Supporting Doc Uploaded - 11/18/2024

2024-12-06 22:22

Resolved

257NQM0755

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2812988

4 of 13

2024-11-14 18:47

Credit

Evidence of Property Tax Missing

Missing evidence of property tax.

Document Uploaded. Supporting Doc Uploaded - 11/18/2024

Documentation provided is sufficient. - 11/20/2024

Evidence of property tax is present - 11/20/2024

Document Uploaded. Supporting Doc Uploaded - 11/18/2024

2024-11-20 14:47

Resolved

257NQM0755

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2813089

5 of 13

2024-11-14 18:55

Compliance

1-4 Family Rider is Missing

The file is missing the 1-4 Family Rider.

Document Uploaded. Supporting Doc Uploaded - 11/18/2024

The 1-4 Family Rider is Present - 11/27/2024

Documentation provided is sufficient. - 11/20/2024

Document Uploaded. Supporting Doc Uploaded - 11/18/2024

2024-11-27 14:27

Resolved

257NQM0755

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2813090

6 of 13

2024-11-14 18:55

Compliance

Condo Rider is Missing

Condo Rider is missing.

Document Uploaded. Supporting Doc Uploaded - 11/18/2024

The Condo Rider is Present - 11/27/2024

Documentation provided is sufficient. - 11/20/2024

Document Uploaded. Supporting Doc Uploaded - 11/18/2024

2024-11-27 14:27

Resolved

257NQM0755

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2813222

7 of 13

2024-11-14 19:04

Credit

Flood Certificate Missing

Missing flood certificate.

Document Uploaded. Supporting Doc Uploaded - 11/18/2024

Documentation provided is sufficient. - 11/20/2024

Flood Certificate is fully present - 11/20/2024

Document Uploaded. Supporting Doc Uploaded - 11/18/2024

2024-11-27 14:26

Resolved

257NQM0755

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2813223

8 of 13

2024-11-14 19:04

Credit

HO6 Master Insurance Policy is Missing

Missing Condo / PUD project master insurance policy.

Document Uploaded. Seller response - 11/26/2024

HO-6 Master Insurance Policy is fully present - 11/27/2024

Document Uploaded. Seller response - 11/26/2024

2024-11-27 14:30

Resolved

257NQM0755

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2813224

9 of 13

2024-11-14 19:04

Credit

Named Insured on HO6 Master Policy does not match HOA Name

Named insured on HO-6 master insurance policy does not match HOA name.

Document Uploaded. There is no condo association tied to property - 11/26/2024

2024-12-12 15:24

Void

257NQM0755

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2813225

10 of 13

2024-11-14 19:04

Credit

HO-6 Insurance Policy is Missing

HO-6 insurance policy is missing.

Document Uploaded. Seller response - 11/26/2024

HO-6 Insurance Policy was provided. - 11/27/2024

Document Uploaded. Seller response - 11/26/2024

2024-11-27 14:32

Resolved

257NQM0755

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2813561

11 of 13

2024-11-14 19:26

Credit

Fraud Report Shows Uncleared Alerts

Fraud Report shows uncleared alerts.

Document Uploaded. Fraud report cleared
- 11/20/2024

Documentation provided is sufficient. - 11/21/2024

All Fraud Report Alerts have been cleared or None Exist - 11/21/2024

Document Uploaded. Fraud report cleared
- 11/20/2024

2024-11-21 13:53

Resolved

257NQM0755

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2815328

12 of 13

2024-11-14 21:53

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-11-14 21:53

Cleared

257NQM0755

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2815932

13 of 13

2024-11-14 23:26

Credit

Final Settlement Statement Missing.

The final Settlement Statement document is missing. Final Settlement statement is missing. Unable to determine funds required to close.

Document Uploaded. Supporting Doc Uploaded - 11/18/2024

Documentation provided is sufficient. - 11/20/2024

Document Uploaded. Supporting Doc Uploaded - 11/18/2024

2024-11-20 14:53

Resolved

257NQM0720

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2811637

1 of 5

2024-11-14 17:27

Credit

Fraud Report Shows Uncleared Alerts

Fraud Report shows uncleared alerts.

Document Uploaded. Fraud report cleared
- 11/20/2024

Documentation provided is sufficient. - 11/21/2024

All Fraud Report Alerts have been cleared or None Exist - 11/21/2024

Document Uploaded. Fraud report cleared
- 11/20/2024

2024-11-21 13:54

Resolved

257NQM0720

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2811655

2 of 5

2024-11-14 17:29

Credit

Corporation/LLC: EIN Doc is Missing

The loan file does not contain the Coporation/LLC: EIN documentation. The loan file does not contain the XXXXXX EIN documentation.

Document Uploaded. W-9 for EIN documentation - 12/05/2024

Documentation provided is sufficient. - 12/06/2024

Document Uploaded. W-9 for EIN documentation - 12/05/2024

2024-12-06 13:38

Resolved

257NQM0720

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2811684

3 of 5

2024-11-14 17:31

Credit

Corporation/LLC: Operating Agreement Doc is Incomplete

The Corporation/LLC: Operating Agreement in file is incomplete. The Limited Liability Company Agreement for XXXXXX is not executed. Please provide an executed copy.

Document Uploaded. LLC docs - 11/26/2024

Documentation provided is sufficient. - 11/27/2024

Document Uploaded. LLC docs - 11/26/2024

2024-11-27 14:35

Resolved

257NQM0720

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2811693

4 of 5

2024-11-14 17:31

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-11-14 17:31

Cleared

257NQM0720

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2811699

5 of 5

2024-11-14 17:32

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-11-14 17:32

Cleared

257NQM0712

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2805530

1 of 7

2024-11-13 22:41

Credit

Subject Property Address on Note does not match Insured Property Address

Subject property on Note does not match insured property address. Provide documentation to support evidence of insurance coverage provided meets homeowner insurance master policy requirements. The property address referenced on the evidence of insurance is all three units in the condominium development, which would suggest it is the HOA policy. However, the policy is not on a Condominium Association Coverage Form, the HOA name is not referenced and the policy does not specify if the insurance covers common areas.

Document Uploaded. Attached is affidavit that there is no HOA. - 12/05/2024

Received HOA Affidavit which is sufficient. - 12/06/2024

Document Uploaded. Attached is affidavit that there is no HOA. - 12/05/2024

2024-12-06 21:46

Resolved

257NQM0712

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2805531

2 of 7

2024-11-13 22:41

Credit

Named Insured on HO6 Master Policy does not match HOA Name

Named insured on HO-6 master insurance policy does not match HOA name.

Document Uploaded. Affidavit Regarding No HOA - 12/05/2024

2024-12-10 17:52

Void

257NQM0712

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2805532

3 of 7

2024-11-13 22:41

Credit

HO-6 Insurance Policy is Missing

HO-6 insurance policy is missing. Hazard insurance policy provided covers all three units in the condominium development which would suggest that is the master HOA policy, and the evidence of insurance provided did not specify that the policy included HO-6 (walls-in) coverage. Also, the HO-6 evidence of insurance is to include the annual premium for the subject unit only.

Document Uploaded. Seller response - 11/26/2024

Received HO6 stating replacement cost for the units. - 12/06/2024
Received explanation that the hazard insurance covers the subject and two of the units in the development. Provide estimated replacement cost worksheet for all three units to support $XXXXXX in coverage is sufficient to cover all three units in the event all are destroyed. In addition, need letter from insurance agent confirmation that the evidence of insurance provided also includes "walls in" coverage. - 11/28/2024
Document Uploaded. Seller response - 11/26/2024

2024-12-06 22:09

Resolved

257NQM0712

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2805567

4 of 7

2024-11-13 22:49

Credit

Fraud Report Shows Uncleared Alerts

Fraud Report shows uncleared alerts. Missing evidence from XXXXXX that all XXXXXX alerts are cleared, including those alerts that were triggered from the interested party exclusionary lists check (Confirmation of Searches Performed).

Document Uploaded. Fraud report cleared
- 11/20/2024

Documentation provided is sufficient. - 11/21/2024

All Fraud Report Alerts have been cleared or None Exist - 11/21/2024

Document Uploaded. Fraud report cleared
- 11/20/2024

2024-11-21 21:56

Resolved

257NQM0712

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2805722

5 of 7

2024-11-13 23:25

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-11-13 23:25

Cleared

257NQM0712

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2805724

6 of 7

2024-11-13 23:25

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-11-13 23:25

Cleared

257NQM0712

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2805765

7 of 7

2024-11-13 23:35

Credit

Condo - HOA Dues

The file does not contain documentation supporting the HOA/Condo dues. Subject property is located in a condominium association; however, the appraiser did not note any HOA dues on the appraisal report. Provide documentation to support HOA dues amount.

Document Uploaded. Affidavit Regarding No HOA - 12/05/2024

Document Uploaded. There is no condo association tied to property - 11/26/2024

Received HOA affidavit, no active association or association dues. - 12/06/2024

Document Uploaded. Affidavit Regarding No HOA - 12/05/2024

Document Uploaded. There is no condo association tied to property - 11/26/2024

2024-12-06 22:04

Resolved

257NQM0818

XXXXXX

Primary Residence

Purchase

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

3011579

1 of 3

2024-12-16 15:17

Compliance

Missing Doc - Escrow Waiver Missing

Escrow Waiver is missing. I was unable to locate the Escrow Waiver.

Document Uploaded. COC - escrow waiver requested at lock of loan; Per page 4 of 5 - final CD signed - loan will not have escrow account because borrower declined it. - 12/19/2024

Received required documentation Finding resolved - 12/20/2024

Document Uploaded. COC - escrow waiver requested at lock of loan; Per page 4 of 5 - final CD signed - loan will not have escrow account because borrower declined it. - 12/19/2024

2024-12-20 15:54

Resolved

257NQM0818

XXXXXX

Primary Residence

Purchase

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

3012596

2 of 3

2024-12-16 16:10

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-16 16:10

Cleared

257NQM0818

XXXXXX

Primary Residence

Purchase

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

3012599

3 of 3

2024-12-16 16:10

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

2024-12-16 16:10

Cleared

257NQM0795

XXXXXX

Primary Residence

Purchase

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

3005506

1 of 3

2024-12-13 21:14

Compliance

No Compliance Findings

The loan meets all applicable compliance guidelines.

2024-12-13 21:14

Cleared

257NQM0795

XXXXXX

Primary Residence

Purchase

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

3005933

2 of 3

2024-12-13 21:53

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-13 21:53

Cleared

257NQM0795

XXXXXX

Primary Residence

Purchase

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

3005935

3 of 3

2024-12-13 21:54

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

2024-12-13 21:54

Cleared

257NQM0735

XXXXXX

Investment

Refinance

ATR/QM: Exempt

2893850

1 of 3

2024-11-27 14:02

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

2024-11-27 14:02

Cleared

257NQM0735

XXXXXX

Investment

Refinance

ATR/QM: Exempt

2893857

2 of 3

2024-11-27 14:02

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-11-27 14:02

Cleared

257NQM0735

XXXXXX

Investment

Refinance

ATR/QM: Exempt

2893861

3 of 3

2024-11-27 14:02

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-11-27 14:02

Cleared

257NQM0736

XXXXXX

Investment

Refinance

ATR/QM: Exempt

2930776

1 of 3

2024-12-04 18:57

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

2024-12-04 18:57

Cleared

257NQM0736

XXXXXX

Investment

Refinance

ATR/QM: Exempt

2930778

2 of 3

2024-12-04 18:58

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-04 18:58

Cleared

257NQM0736

XXXXXX

Investment

Refinance

ATR/QM: Exempt

2930779

3 of 3

2024-12-04 18:58

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-12-04 18:58

Cleared

257NQM0764

XXXXXX

Primary Residence

Purchase

Non-QM: Lender documented all ATR UW factors

2943604

1 of 3

2024-12-05 21:00

Credit

Approval - Lender Income Calculation Missing

The loan file did not contain the lender income calculation worksheet as required. Total assets $XXXXXX - Loan amount of $XXXXXX - CTC $XXXXXX - Reserves 3 months $XXXXXX = $XXXXXX / 84 = $XXXXXX. Originator used $XXXXXX. Auditor is unable to determine how income used determined.

Document Uploaded. Income worksheet - 12/10/2024

2024-12-11 16:15

Resolved

257NQM0764

XXXXXX

Primary Residence

Purchase

Non-QM: Lender documented all ATR UW factors

2943705

2 of 3

2024-12-05 21:08

Compliance

No Compliance Findings

The loan meets all applicable compliance guidelines.

2024-12-05 21:08

Cleared

257NQM0764

XXXXXX

Primary Residence

Purchase

Non-QM: Lender documented all ATR UW factors

2944299

3 of 3

2024-12-05 21:56

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-05 21:56

Cleared

257NQM0708

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2896555

1 of 6

2024-11-27 17:06

Compliance

No Compliance Findings

The loan meets all applicable compliance guidelines.

2024-11-27 17:06

Cleared

257NQM0708

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2899622

2 of 6

2024-11-27 21:06

Credit

Borrower 1 Gap Credit Report is Missing

Borrower 1 Gap Credit Report is Missing Debt Monitoring - An Undisclosed Debt Notification (UDN) is required within 10 days of closing date. Verification of monitoring document needs to clearly show date issued, created or printed within 10 days of closing date showing actively monitoring. XXXXXX will also accept a credit refresh/gap report within a 10 day window. Missing gap credit report and/ or UDN.

Document Uploaded. UDN - 12/04/2024

Documentation provided is sufficient. - 12/05/2024

Borrower 1 Gap Credit Report is not missing. - 12/05/2024

Document Uploaded. UDN - 12/04/2024

2024-12-05 13:57

Resolved

257NQM0708

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2899654

3 of 6

2024-11-27 21:10

Credit

Housing History Does Not Meet Guideline Requirements

Housing history does not meet guideline requirements. Borrower does not have 12 month housing history at primary. Borrower that is living Rent Free from someone that is NOT a Relative. An email exception approval was provided in the file.

The exception was approved due to a seasoned investor with 0x30 for the past 24 months on mortgage rating, over $XXXXXX in post close liquid assets, residual income of $XXXXXX per month, and self employed borrower with 15+ years in the business.

2024-12-02 18:15

Waived

257NQM0708

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2899901

4 of 6

2024-11-27 21:40

Credit

Income - Rental Property

Rental income is not properly documented and/or supported. Borrowers using rental income from investment properties not associated with the borrower’s business may do so by providing a current active lease together with proof of rent payments received for the most recent 2 months. Missing one additional month proof of XXXXXX rent for XXXXXX. A letter in the file states the XXXXXX rent was paid in 3 different XXXXXX payments, however the XXXXXX statement is not in the file.

Document Uploaded. Supporting docs - 12/04/2024

Documentation provided is sufficient. - 12/05/2024

Document Uploaded. Supporting docs - 12/04/2024

2024-12-05 13:55

Resolved

257NQM0708

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2899970

5 of 6

2024-11-27 21:51

Credit

Third Party Fraud Report not Provided

Missing third party fraud report. Data integrity is crucial to having a quality loan file delivery and mitigation of fraud risk. All loans must be submitted to an automated fraud and data check tool (i.e. XXXXXX, XXXXXX, etc.). A copy of the findings report must be provided in the loan file along with any documentation resolving any deficiencies or red flags noted. Missing fraud report.

Document Uploaded. Fraud - 12/04/2024

Documentation provided is sufficient. - 12/05/2024

Third party fraud report is provided - 12/05/2024

Document Uploaded. Fraud - 12/04/2024

2024-12-05 13:58

Resolved

257NQM0708

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2899986

6 of 6

2024-11-27 21:52

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-11-27 21:52

Cleared

257NQM0737

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2896252

1 of 3

2024-11-27 16:42

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-11-27 16:42

Cleared

257NQM0737

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2897855

2 of 3

2024-11-27 18:41

Credit

Approval/Underwriting Summary Not Provided

The loan did not contain the Approval/Underwriting Summary. The lender is required to document that the borrower does not qualify for a XXXXXX loan or has chosen a non-XXXXXX loan program. The lender is also required to include a copy of the final loan approval.

Document Uploaded. LOAN TRANSMITTAL 1008 - 12/05/2024

Documentation provided is sufficient. - 12/09/2024

Approval/Underwriting Summary is fully present - 12/09/2024

Document Uploaded. LOAN TRANSMITTAL 1008 - 12/05/2024

2024-12-09 13:52

Resolved

257NQM0737

XXXXXX

Investment

Purchase

ATR/QM: Exempt

2897882

3 of 3

2024-11-27 18:43

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-11-27 18:43

Cleared

257NQM0847

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2898938

1 of 5

2024-11-27 19:59

Credit

Housing History Does Not Meet Guideline Requirements

Guidelines for the WVOE program requires a 24 month housing history. The loan application reflects the borrower has no primary housing expense for the past 25 months. Loan files contains an email indicating a possible exception for the housing history less than 12 months. Please provide a formal exception allowing no housing history for the past 24 months. Housing history does not meet guideline requirements.

Document Uploaded. Copy of email from XXXXXX supporting Investor Exception Request Approved w/ LLPA
- 12/11/2024
Document Uploaded. - 12/04/2024
Document Uploaded. EXCEPTION APPROVAL - 12/04/2024

The borrower is a first time home buyer with no housing history.  A formal exception is in the file to allow. - 12/11/2024
Document Uploaded. Copy of email from XXXXXXI supporting Investor Exception Request Approved w/ LLPA
- 12/11/2024
The document provided was in the initial file, however it is only part of the exception.  The email states "please see attached investor exception request", which was not provided.  Please provide the full exception request, reflecting compensating factors. - 12/05/2024
Document Uploaded.  - 12/04/2024
Document Uploaded. EXCEPTION APPROVAL - 12/04/2024

The exception was approved due to remaining reserves of over 22 months, residual income is $XXXXXX per month, current employment of over 2 years, single family 1 unit property in the state of XXXXXX, and the borrower is a permanent resident alien.

2024-12-11 14:29

Waived

257NQM0847

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2899875

2 of 5

2024-11-27 21:35

Credit

Third Party Fraud Report not Provided

Missing third party fraud report.

Document Uploaded. Fraud Report - 12/04/2024

Documentation provided is sufficient. - 12/05/2024

Third party fraud report is provided - 12/05/2024

Document Uploaded. Fraud Report - 12/04/2024

2024-12-05 14:04

Resolved

257NQM0847

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2899880

3 of 5

2024-11-27 21:36

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-11-27 21:36

Cleared

257NQM0847

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2901286

4 of 5

2024-11-29 13:04

Compliance

Missing Attorney Preference Letter

Right To Choose Attorney or Attorney Preference not in file.

Document Uploaded. Supporting Doc Uploaded - 12/31/2024

Right To Choose Attorney or Attorney Preference Resolved or Not Applicable - 01/02/2025

Document Uploaded. Supporting Doc Uploaded - 12/31/2024

2025-01-02 13:55

Resolved

257NQM0847

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2910434

5 of 5

2024-12-02 20:23

Credit

Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date)

Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date).

Document Uploaded. GAP REPORT XXXXXX - 12/04/2024

Documentation provided is sufficient. - 12/05/2024

Borrower 1 Gap Credit Report is not expired. - 12/05/2024

Document Uploaded. GAP REPORT 11.25 - 12/04/2024

2024-12-05 14:03

Resolved

257NQM0846

XXXXXX

Primary Residence

Refinance

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

3020435

1 of 4

2024-12-17 13:24

Compliance

The Deed of Trust is Incomplete

The Deed of Trust is incomplete. Missing pages 1-7 of the Deed of Trust.

Document Uploaded. Complete DOT_Mortgage - 12/26/2024

Documentation provided is sufficient. - 12/27/2024

The Deed of Trust is present and complete - 12/27/2024

Received recorded DOT. Finding resolved - 12/27/2024

Document Uploaded. Complete DOT_Mortgage - 12/26/2024

2024-12-27 14:00

Resolved

257NQM0846

XXXXXX

Primary Residence

Refinance

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

3021254

2 of 4

2024-12-17 14:47

Credit

Housing History Does Not Meet Guideline Requirements

Housing history does not meet guideline requirements. Borrowers living rent-free in their primary residence may be eligible, but only if they reside with a non-borrowing spouse. To qualify, the non-borrowing spouse must provide a rent-free letter, along with proof of an acceptable 12-month housing payment history. Borrowers living rent-free with someone other than a non-borrowing spouse are not eligible and may only be considered on an exception basis. In this case, the borrower was living rent-free with someone other than a non-spouse prior to the 10-month period at their current primary residence, as documented in the letter on file. The formal exception is missing from the loan file as well as a missing 2-month housing history. Only 10 months were provided.

Document Uploaded. Exception request and approval uploaded - 12/30/2024

Document Uploaded. 12 month housing history - consolidated - 12/26/2024

Housing history does not meet guidelines. A formal exception is in the file. - 12/31/2024

Document Uploaded. Exception request and approval uploaded - 12/30/2024

Please provide the formal exception request, including compensating factors. - 12/27/2024

Document Uploaded. 12 month housing history - consolidated - 12/26/2024

The exception was approved due to a DTI of less than 31%, over 11 months of reserves, residual income of XXXXXX, an LTV of 57%, and 14 years of self-employment.

2024-12-31 14:16

Waived

257NQM0846

XXXXXX

Primary Residence

Refinance

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

3021308

3 of 4

2024-12-17 14:51

Credit

Income - Guideline Requirements

The income documents provided in the loan file did not meet guidelines. Per guidelines, PTIN preparers who work for a third-party firm may be permitted by exception only. The exception for a PTIN preparer is missing from the loan file.

Document Uploaded. Exception request and approval uploaded - 12/30/2024

Document Uploaded. Variance approval for PTIN and 12 mos. housing history
- 12/26/2024

Per guidelines, PTIN preparers who work for a third-party firm may be permitted by exception only. A formal exception was provided. - 12/31/2024

Document Uploaded. Exception request and approval uploaded - 12/30/2024

Please provide the formal exception request, including compensating factors. - 12/27/2024

Document Uploaded. Variance approval for PTIN and 12 mos. housing history
- 12/26/2024

The exception was approved due to a DTI of less than 31%, over 11 months of reserves, residual income of XXXXXX, an LTV of 57%, and 14 years of self-employment.

2024-12-31 14:17

Waived

257NQM0846

XXXXXX

Primary Residence

Refinance

ATR/QM: Exempt

ATR/QM: CDFI Lender Exempt

3021313

4 of 4

2024-12-17 14:51

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-17 14:51

Cleared

257NQM0738

XXXXXX

Investment

Refinance

ATR/QM: Exempt

2933448

1 of 3

2024-12-04 23:26

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-12-04 23:26

Cleared

257NQM0738

XXXXXX

Investment

Refinance

ATR/QM: Exempt

2933449

2 of 3

2024-12-04 23:26

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-04 23:26

Cleared

257NQM0738

XXXXXX

Investment

Refinance

ATR/QM: Exempt

2933557

3 of 3

2024-12-04 23:40

Credit

Approval/Underwriting Summary Not Provided

The loan did not contain the Approval/Underwriting Summary.

Document Uploaded. 1008 and approval cert - 12/06/2024

Received 1008 and Loan Approval. - 12/10/2024

Document Uploaded. 1008 and approval cert - 12/06/2024

2024-12-10 18:07

Resolved

257NQM0803

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2970045

1 of 5

2024-12-10 14:39

Credit

Borrower 1 Gap Credit Report is Missing

Debt Monitoring - An Undisclosed Debt Notification (UDN) is required within 10 days of closing date. Verification of monitoring document needs to clearly show date issued, created or printed within 10 days of closing date showing actively monitoring. XXXXXX will also accept a credit refresh/gap report within a 10 day window. Borrower 1 Gap Credit Report is Missing

Document Uploaded. Gap report - 12/13/2024

Documentation provided is sufficient. - 12/16/2024

Borrower 1 Gap Credit Report is not missing. - 12/16/2024

Document Uploaded. Gap report - 12/13/2024

2024-12-16 14:12

Resolved

257NQM0803

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2970046

2 of 5

2024-12-10 14:39

Credit

Borrower 2 Gap Credit Report is Missing

Document Uploaded. Gap report - 12/13/2024

Documentation provided is sufficient. - 12/16/2024

Borrower 2 Gap Credit Report is not missing. - 12/16/2024

Document Uploaded. Gap report - 12/13/2024

2024-12-16 14:12

Resolved

257NQM0803

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2970168

3 of 5

2024-12-10 14:47

Credit

Condo - Master Policy Insufficient

The master hazard insurance policy verified total coverage which was not sufficient to cover total required coverage. Condos, Co-ops, and PUDs. The maximum deductible amount for policies covering the common elements must be no greater the 5% of the face amount of the policy. A formal exception is in the file.

The attached exception request for XXXXXX with insurance deductible >5% only is acceptable based on receipt of a closed loan file. Loan must be locked prior to or within 10 business days ofXXXXXX or the exception is no longer valid and must be resubmitted for consideration. There will be an Exception LLPA hit of .25 that will apply for this specific exception. In addition to the LLPA specified above, all rate sheet LLPAs will apply as well. If there is no LLPA for a given bucket, the next closest LLPA will apply. Exceptions are not considered on our XXXXXX.
considered on our XXXXXX

2024-12-10 14:47

Waived

257NQM0803

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2970191

4 of 5

2024-12-10 14:48

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-10 14:48

Cleared

257NQM0803

XXXXXX

Primary Residence

Purchase

QM: Safe Harbor APOR (APOR SH)

2970463

5 of 5

2024-12-10 15:07

Compliance

Charges That Cannot Increase Test (50001251)

The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Appraisal Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). Appraisal fee of $485/ Appraisal Tech Fee of $45 ($530.00 total) was added to the final CD without a valid Change of Circumstance. Please provide PCCD, refund in the amount of $530., LOE and proof of mailing.

Document Uploaded. CIC - 12/13/2024

Received valid COC for the addition of appraisal fee. Finding resolved - 12/16/2024

Resolved - 12/16/2024

Document Uploaded. CIC - 12/13/2024

2024-12-16 16:06

Resolved

257NQM0809

XXXXXX

Investment

Purchase

ATR/QM: Exempt

3023373

1 of 4

2024-12-17 16:59

Credit

Evidence of Property Tax Missing

Missing evidence of property tax. Documentation that supports property taxes of $XXXXXX semi-annually or $XXXXXX annually for subject property is missing from the loan file.

Document Uploaded. UW Cert regarding taxes: This is a XXXXXX purchase and we are using 1.25% for the qualifying tax amount on the subject property. The data points in the file/final 1008 match and the tax amount of XXXXXX is for their primary residence. - 12/20/2024

Documentation provided is sufficient. - 12/23/2024
Document Uploaded. UW Cert regarding taxes: This is a XXXXXX purchase and we are using 1.25% for the qualifying tax amount on the subject property. The data points in the file/final 1008 match and the tax amount of $XXXXXX is for their primary residence. - 12/20/2024

2024-12-23 15:35

Resolved

257NQM0809

XXXXXX

Investment

Purchase

ATR/QM: Exempt

3023394

2 of 4

2024-12-17 17:00

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2024-12-17 17:00

Cleared

257NQM0809

XXXXXX

Investment

Purchase

ATR/QM: Exempt

3023766

3 of 4

2024-12-17 17:17

Credit

Third Party Fraud Report not Provided

Data integrity is crucial to having a quality loan file delivery and mitigation of fraud risk. All loans must be submitted to an automated fraud and data check tool (i.e. XXXXXX, XXXXXX, etc.). A copy of the findings report must be provided in the loan file along with any documentation resolving any deficiencies or red flags noted. Missing third party fraud report.

Document Uploaded. FRAUD ADV120 - 12/20/2024

Documentation provided is sufficient. - 12/23/2024
Third party fraud report is provided - 12/23/2024
Document Uploaded. FXXXXXX - 12/20/2024

2024-12-23 15:38

Resolved

257NQM0809

XXXXXX

Investment

Purchase

ATR/QM: Exempt

3023833

4 of 4

2024-12-17 17:20

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-17 17:20

Cleared

257NQM0765

XXXXXX

Primary Residence

Purchase

Non-QM: Lender documented all ATR UW factors

2944247

1 of 4

2024-12-05 21:52

Compliance

No Compliance Findings

The loan meets all applicable compliance guidelines.

2024-12-05 21:52

Cleared

257NQM0765

XXXXXX

Primary Residence

Purchase

Non-QM: Lender documented all ATR UW factors

2944657

2 of 4

2024-12-05 22:50

Credit

Borrower 1 Gap Credit Report is Missing

Document Uploaded. UDN printed 11/21 - 12/10/2024

Borrower 1 Gap Credit Report is not missing. - 12/13/2024

Document Uploaded. UDN printed 11/21 - 12/10/2024

2024-12-13 21:32

Resolved

257NQM0765

XXXXXX

Primary Residence

Purchase

Non-QM: Lender documented all ATR UW factors

2944763

3 of 4

2024-12-05 23:13

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2024-12-05 23:13

Cleared

257NQM0765

XXXXXX

Primary Residence

Purchase

Non-QM: Lender documented all ATR UW factors

2944792

4 of 4

2024-12-05 23:20

Credit

Borrower 1 CPA Letter Missing

Borrower 1 CPA letter missing from the file. XXXXXX does not allow PTIN tax preparers. PTIN preparers that work for a 3rd party firm may be permitted by exception only. A formal exception is in the loan file.

Borrowers credit score is 813 with DTI 14.95%. Employment is stable and credit profile is acceptable with 0x30. Borrower has 7 month reserves, $XXXXXX residual income.

2024-12-05 23:20

Waived

257NQM0605

XXXXXX

Investment

Refinance

ATR/QM: Exempt

3909876

1 of 3

2025-04-20 13:48

Compliance

No Compliance Tests Performed

DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

2025-04-20 13:48

Cleared

257NQM0605

XXXXXX

Investment

Refinance

ATR/QM: Exempt

3909877

2 of 3

2025-04-20 13:48

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

2025-04-20 13:48

Cleared

257NQM0605

XXXXXX

Investment

Refinance

ATR/QM: Exempt

3909878

3 of 3

2025-04-20 13:49

Property

Value - Value is supported within -10% of original appraisal amount

The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

2025-04-20 13:49

Cleared