COLT SECURITIZATION DEPOSITOR, LLC ABS-15G
Exhibit 99.28
| Seller | Deal ID | Loan ID | Seller Loan ID | Investor Loan ID | Queue | Created Date | Last Modified Date | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Reviewer Comments | Seller Comments | Finding Resolution | Finding Document | Reviewer Comp Factors | Originator Comp Factors | State | Occupancy | Loan Purpose | Refinance Purpose | Unique Finding ID | Acknowledged / Waived By | Waiver in File? |
| XXXX | 4350115889 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Received clarification on gift funds, first time investor using gift funds, waiving the condition with comp factors. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. The borrower's rental property is a 2 unit, his primary is an SFR. The value will be higher on the 2 unit. - Seller-XXXX Counter-Guidelines require borrower's primary residence superior to the subject property, we couldn't locate any clarification on this - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Borrower provided LOE regarding primary residence. 1003 pg 1 provided to evidence correct primary residence. - Buyer-XXXX Open-Loan does not conform to program guidelines Borrower is a first time-investor, gift funds not allowed to be utilized - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. The borrower's rental property is a 2 unit, his primary is an SFR. The value will be higher on the 2 unit. - Seller-XXXX |
Waived-Received clarification on gift funds, first time investor using gift funds, waiving the condition with comp factors. - Due Diligence Vendor-XXXX |
XXXX | 1. DSCR XXXX in excess of min 1.0 2. Reserves XXXX months in excess of 3months required |
XXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXX | 4350115889 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Partially Provided | Resolved-Received complete flood certificate, condition has been resolved and cleared. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Due Diligence Vendor-XXXX Counter-Life of Loan verbiage missing from flood cert - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Buyer-XXXX Open-Flood Certificate is Partially Provided Flood Cert in file is incomplete - Due Diligence Vendor-XXXX |
Ready for Review-Flood Cert with life of loan determination uploaded. - Due Diligence Vendor-XXXX |
Resolved-Received complete flood certificate, condition has been resolved and cleared. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115889 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: Closing Disclosure Deficiency | Resolved-Finding resolved, XXXX gift for each loan - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Gift letter was XXXX for each loan - XXXX and XXXX. Please see attached gift letter as it lists both properties and sellers loan numbers. - Buyer-XXXX Open-Final Closing disclosure lists gift deposit for XXXX, gift letter and wire confirmation shows a deposit of XXXX - Due Diligence Vendor-XXXX |
Resolved-Finding resolved, XXXXk gift for each loan - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115890 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Received clarification on gift funds, first time investor using gift funds, waiving the condition with comp factors. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Per UW: the borrower's rental property is a 2 unit I believe, his rental is 1. The value will be higher on the 2 unit. - Seller-XXXX Counter-Guidelines require borrower's primary residence superior to the subject property, we couldn't locate any clarification on this. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Borrower provided LOE regarding primary residence. 1003 pg 1 provided to evidence correct primary residence. - Seller-XXXX Open-Loan does not conform to program guidelines Borrower is a first time-investor, gift funds not allowed to be utilized - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Per UW: the borrower's rental property is a 2 unit I believe, his rental is 1. The value will be higher on the 2 unit. - Seller-XXXX Ready for Review-Document Uploaded. Borrower provided LOE regarding primary residence. 1003 pg 1 provided to evidence correct primary residence. - Seller-XXXX |
Waived-Received clarification on gift funds, first time investor using gift funds, waiving the condition with comp factors. - Due Diligence Vendor-XXXX |
XXXX | 1. DSCR XXXX in excess of min 1.0 2. Reserves XXXX months in excess of 3months required |
XXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXX | 4350115890 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Doc Issue | Missing asset documentation (ATR) | Resolved-Finding resolves, wire and gift letter uploaded - Due Diligence Vendor-XXXX Counter-Missing wire instructions for deposit of gift funds - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Missing gift letter and deposit of XXXX - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Finding resolves, wire and gift letter uploaded - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115890 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Partially Provided | Resolved-Flood cert with complete verbiage received. Finding has been resolved and cleared. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Due Diligence Vendor-XXXX Counter-Missing life of loan verbiage on flood cert - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Counter-Received flood cert, missing lender/service name and life of loan verbiage - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Flood Certificate is Partially Provided Flood Cert in file is incomplete - Due Diligence Vendor-XXXX |
Ready for Review-Flood cert with correct verbiage is uploaded - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Flood cert with complete verbiage received. Finding has been resolved and cleared. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115890 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Initial 1003 is Missing | Resolved-The Initial 1003 is Present - Due Diligence Vendor-XXXX Ready for Review-disclosures of any kind are not required on DSCR loans. Please clear - Seller-XXXX Open-The Initial 1003 is Missing Initial 1003 is Missing in file. - Due Diligence Vendor-XXXX |
Ready for Review-disclosures of any kind are not required on DSCR loans. Please clear - Seller-XXXX |
Resolved-The Initial 1003 is Present - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115891 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA | Resolved-Secondary valuation performed after Declaration end period verifies no damage. - Due Diligence Vendor-XXXX Open-Property potentially affected by XXXX - Declared XXXX with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. - Due Diligence Vendor-XXXX |
Resolved-Secondary valuation performed after Declaration end period verifies no damage. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||||
| XXXX | 4350115891 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Property | Missing Doc | Missing Appraisal | Resolved-Re-cert of value provided supporting appraised value of XXXX. - Due Diligence Vendor-XXXX Counter-Update provided. However, per GL's, updates are not allowed on appraisals older than 180 days from the Note date. Update is for appraisal dated XXXX which is XXXX days prior to Note date XXXX. - Due Diligence Vendor-XXXX Ready for Review-Is this all set? Please advise. - Seller-XXXX Counter-Update provided. However, per GL's, updates are not allowed on appraisals older than 180 days from the Note date. Update is for appraisal dated XXXX which is XXXX days prior to Note date XXXX. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Provide 2nd appraisal. Appraisal provided is expired. Appraisal is greater than 180 days old. Guidelines require a 2nd appraisal. Appraisal updates are allowed on appraisals older than 120 days from the date of the Note, but not older than 180 days from the date of the Note. - Due Diligence Vendor-XXXX |
Ready for Review-Rebuttal via email for secondary review - Due Diligence Vendor-XXXX Ready for Review-Is this all set? Please advise. - Seller-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Re-cert of value provided supporting appraised value of $XXXX. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115891 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Business Entity EIN Number Missing | Resolved-Business Entity EIN document for LLC provided. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Provide Business Entity EIN for LLC that is signed in NOTE & DOT for XXXX. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Business Entity EIN document for LLC provided. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115891 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Business Entity Formation Doc Missing | Resolved-Articles of Incorporation & comparable documents for LLC provided. - Due Diligence Vendor-XXXX Resolved-Validation Resolved' - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Entity Formation Doc Indicator is Missing. Provide Articles of Incorporation or comparable documents for LLC that is signed in NOTE & DOT for XXXX. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Articles of Incorporation & comparable documents for LLC provided. - Due Diligence Vendor-XXXX Resolved-Validation Resolved' - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115891 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Property | Appraisal | Property/Appraisal General | Waived-We have exception in file on page XXXX for "1) The Project’s recorded Condo Declaration is missing 3 required mortgagee protections: a.) No provision of the condo project documents gives a condo unit owner or any other party priority over any rights of the first mortgagee of the condo unit pursuant to its mortgage in the case of payment to the unit owner of insurance proceeds or condemnation awards for losses to or a taking of condo units and/or common elements.", Recommends waiving as we have sufficient comp factors. - Due Diligence Vendor-XXXX | Waived-We have exception in file on page #XXXX for "1) The Project’s recorded Condo Declaration is missing 3 required mortgagee protections: a.) No provision of the condo project documents gives a condo unit owner or any other party priority over any rights of the first mortgagee of the condo unit pursuant to its mortgage in the case of payment to the unit owner of insurance proceeds or condemnation awards for losses to or a taking of condo units and/or common elements.", Recommends waiving as we have sufficient comp factors. - Due Diligence Vendor-XXXX |
XXXX | Originator Comp Factors: 1. LTV is XXXX%. Maximum allowed per guidelines is 65%. 2. Credit Score is XXXX. Minimum required per guidelines is 700. 3. Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months. |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXX | 4350115891 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Property | Property | Property has been listed for sale in the past 6 months | Waived-We have Exception in file on page XXXX for "1) Seasoning for delayed refinance began as a 50% owned at time of cash purchase, added other 1% ownership between purchase and refi", Recommends waiving as we have sufficient comp factors. - Due Diligence Vendor-XXXX |
Waived-We have Exception in file on page #670 for "1) Seasoning for delayed refinance began as a 50% owned at time of cash purchase, added other 1% ownership between purchase and refi", Recommends waiving as we have sufficient comp factors. - Due Diligence Vendor-XXXX |
XXXX | Originator Comp Factors: 1. LTV is XXXX%. Maximum allowed per guidelines is 65%. 2. Credit Score is XXXX. Minimum required per guidelines is 700. 3. Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months. |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115892 | XXXX | Closed | XXXX | XXXX | Cured | 2 - Non-Material | C | B | Compliance | TRID Tolerance | Insufficient Change of Circumstance XXXX | Cured-PCCD, Letter of Explanation, and evidence of customer receipt provided and cures the issue. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Counter-Under review by Compliance and Legal - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached explanation - Seller-XXXX Open-Missing CD on or within 3 days of the XXXX. There is a CoC in file for the survey fee change, however no disclosure within 3 days of this date in file. - Due Diligence Vendor-XXXX Rescinded-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Survey 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, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). CoC in file, CD is missing to match. - Rescinded. Survey Fee Increased in Final CD. No COC or Lender Credits provided to cure the Tolerance. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX Ready for Review-Document Uploaded. See attached explanation - Seller-XXXX |
Cured-PCCD, Letter of Explanation, and evidence of customer receipt provided and cures the issue. - Due Diligence Vendor-XXXX Rescinded-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Survey 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, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). CoC in file, CD is missing to match. - Rescinded. Survey Fee Increased in Final CD. No COC or Lender Credits provided to cure the Tolerance. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115892 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-PCCD provided, separate finding opened for survey fee. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Attached - Seller-XXXX Counter-PCCD provided is dated for the close date and was not updated to reflect the date the correction was made. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-TRID: Missing Closing Disclosure Survey Fee Increased on XXXX. While there is a CoC in file, there is no disclosure on or within 3 days of the increase. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Attached - Seller-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-PCCD provided, separate finding opened for survey fee. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115892 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Undiscounted Rate is Missing | Resolved-Undiscounted rate provided. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX Open-Unable to verify Undiscounted Rate. No discount point fee disclosure or alternate document in file to verify Undiscounted Rate. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX |
Resolved-Undiscounted rate provided. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115894 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Corrected 1008 & 1003 received. System updated. Lender's DTI now matches the Audit's DTI. Issue resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached. - Seller-XXXX Counter-SSI calculations received. However, per the calculations, the qualifying SSI incomes are $XXXX for B1 & B2 respectively. Per the 1003 & 1008, qualifying SSI incomes were XXXX respectively. Calculations do not match the 1003/1008. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Counter-The provided documents on XXXX still do not reference the calculation of the Social Security incomes. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Counter-Residual Income Worksheet received, as well as both Asset Depletion worksheets. The SSI Award letters were received, but not the income calculations for them. Per guidelines for Non-Taxable income: "▪ Use the tax rate used to calculate the borrower's last year's income tax. ▪ Document and support the amount of income grossed up for any non-taxable income source. ▪ The calculation must be included in the loan file." The calculation of the SSI incomes are not in the loan file, and the qualifying payment amounts (per the Final 1003) do not match the award letter. Calculation to show the qualifying payment amounts needed. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. B2 Asset depletion calculator missing from file. Additionally, the Social Security income calculators for both borrowers are missing from the file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached. - Seller-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Corrected 1008 & 1003 received. System updated. Lender's DTI now matches the Audit's DTI. Issue resolved. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115894 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Insufficient Change of Circumstance XXXX | Resolved-All COCs received. System updated. Mavent passes. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. see attached - Seller-XXXX Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee, 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, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. XXXX. • Points increased from $XXXX on the XXXX LE to $XXXX on the XXXX LE; then it decreased to $XXXX on the XXXX CD, only to increase again to $XXXX on the 4XXXX CD. No COC’s provided. • Appraisal Fee increased from $XXXX on the Initial LE XXXX to XXXX on the XXXX Revised LE. No COC provided. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. see attached - Seller-XXXX |
Resolved-All COCs received. System updated. Mavent passes. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115894 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | DTI exceeds program maximum | Waived-Exception Provided on page #XXXX: "Borrowers DTI up to XXXX% until later property sale" - Due Diligence Vendor-XXXX |
Waived-Exception Provided on page #487: "Borrowers DTI up to 55% until later property sale" - Due Diligence Vendor-XXXX |
XXXX | Originator Comp Factors: 1. LTV is XXXX%. Maximum allowed per guidelines is 65%. 2. Credit Score is XXXX. Minimum required per guidelines is 700. 3. Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months. |
XXXX | Primary Residence | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXX | 4350115895 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Assets | Asset 5 Does Not Meet Guideline Requirements | Resolved-Asset 5 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX Resolved- - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Counter-Per asset utilization requirement, 6 months seasoning of all assets is needed. Asset Utilization Program: • 6 months seasoning of all assets required • All asset documentation may not be more than 30 days old at the time of application (or most recent quarterly documentation, if applicable). - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Asset 5 Does Not Meet Guideline Requirements Provide 1 additional month statement for XXXX. 2 months of statements are needed. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Asset 5 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX |
XXXX | Received LOE and statements. The first page is the cover page to show the account numbers. The preceding pages are the actual quarterly statements. The guidelines state the most recent quarterly statement is acceptable. Condition resolved. | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||
| XXXX | 4350115895 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Assets | Asset 6 Does Not Meet Guideline Requirements | Resolved-Asset 6 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX Resolved-Received LOE and statements. The first page is the cover page to show the account numbers. The preceding pages are the actual quarterly statements. The guidelines state the most recent quarterly statement is acceptable. Condition resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Counter-Per asset utilization requirement, 6 months seasoning of all assets is needed. Asset Utilization Program: • 6 months seasoning of all assets required • All asset documentation may not be more than 30 days old at the time of application (or most recent quarterly documentation, if applicable). - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Asset 6 Does Not Meet Guideline Requirements Provide 1 additional month statement for XXXX. 2 months of statements are needed. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Asset 6 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX Resolved-Received LOE and statements. The first page is the cover page to show the account numbers. The preceding pages are the actual quarterly statements. The guidelines state the most recent quarterly statement is acceptable. Condition resolved. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115895 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Assets | Asset 7 Does Not Meet Guideline Requirements | Resolved-Asset 6 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX Resolved-Received LOE and statements. The first page is the cover page to show the account numbers. The preceding pages are the actual quarterly statements. The guidelines state the most recent quarterly statement is acceptable. Condition resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Counter-Per asset utilization requirement, 6 months seasoning of all assets is needed. Asset Utilization Program: • 6 months seasoning of all assets required • All asset documentation may not be more than 30 days old at the time of application (or most recent quarterly documentation, if applicable). - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Asset 6 Does Not Meet Guideline Requirements Provide 1 additional month statement for XXXX. 2 months of statements are needed. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Asset 7 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX Resolved-Received LOE and statements. The first page is the cover page to show the account numbers. The preceding pages are the actual quarterly statements. The guidelines state the most recent quarterly statement is acceptable. Condition resolved. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115895 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Assets | Asset 8 Does Not Meet Guideline Requirements | Resolved-Asset 6 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX Resolved-Received LOE and statements. The first page is the cover page to show the account numbers. The preceding pages are the actual quarterly statements. The guidelines state the most recent quarterly statement is acceptable. Condition resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Counter-Per asset utilization requirement, 6 months seasoning of all assets is needed. Asset Utilization Program: • 6 months seasoning of all assets required • All asset documentation may not be more than 30 days old at the time of application (or most recent quarterly documentation, if applicable). - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Asset 6 Does Not Meet Guideline Requirements Provide 1 additional month statement for XXXX. 2 months of statements are needed. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Asset 8 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX Resolved-Received LOE and statements. The first page is the cover page to show the account numbers. The preceding pages are the actual quarterly statements. The guidelines state the most recent quarterly statement is acceptable. Condition resolved. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115895 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Complete Third Party Fraud Report Provided. - Due Diligence Vendor-XXXX Resolved-Third Party Fraud Report is fully present - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Third Party Fraud Report Partially Provided Loan Participant Analysis Present on page #XXXX, Provide full Third Party Fraud Report. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Complete Third Party Fraud Report Provided. - Due Diligence Vendor-XXXX Resolved-Third Party Fraud Report is fully present - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115896 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Asset Depletion Calculator Provided. - Due Diligence Vendor-XXXX Resolved-Validation Resolved' - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Provide Asset Depletion Worksheet for Borrower 1. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Asset Depletion Calculator Provided. - Due Diligence Vendor-XXXX Resolved-Validation Resolved' - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115896 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Business Purpose Affidavit is Missing | Resolved-received BP&OA - resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-The 1008 Page Loan Type is 'Conventional' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Present', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a DSCR loan. Provide executed notarized Business Purpose Affidavit. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-received BP&OA - resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115896 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Missing evidence of rate lock | Resolved-Received Rate lock agreement dated XXXX. - Due Diligence Vendor-XXXX Resolved-Evidence of Rate Lock Provided - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Evidence of Rate Lock Missing Provide rate lock agreement. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Received Rate lock agreement dated XXXX. - Due Diligence Vendor-XXXX Resolved-Evidence of Rate Lock Provided - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115897 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Property | Appraisal | Property/Appraisal General | Waived-Exception Approval on page XXXX: Property is in declining market and would like LTV to remain 80%. - Due Diligence Vendor-XXXX Waived-Exception Approval on page XXXX: Property is in declining market and would like LTV to remain 80%. - Due Diligence Vendor-XXXX |
Waived-Exception Approval on page 371: Property is in declining market and would like LTV to remain 80%. - Due Diligence Vendor-XXXX Waived-Exception Approval on page 371: Property is in declining market and would like LTV to remain 80%. - Due Diligence Vendor-XXXX |
XXXX | 1.Credit Score is XXXX. Minimum required per guidelines is 720. 2.DSCR is XXXX. Minimum required per guidelines is 0.75. 3.Property did appraise for $XXXK within present market, supporting more than $XXXXK contract price, DSCR well over 1.0 |
XXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | Yes | ||||
| XXXX | 4350115897 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Deed of Trust is Missing | Resolved-Received Deed of Trust. Also received prepayment and 1-4 rider. Condition resolved. - Due Diligence Vendor-XXXX Resolved-The Deed of Trust is Present - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. attached - Seller-XXXX Open-The Deed of Trust is Missing Provide executed Deed of Trust. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. attached - Seller-XXXX |
Resolved-Received Deed of Trust. Also received prepayment and 1-4 rider. Condition resolved. - Due Diligence Vendor-XXXX Resolved-The Deed of Trust is Present - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115897 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Missing Prepayment Rider | Resolved-Received Deed of Trust. Also received prepayment and 1-4 rider. Condition resolved. - Due Diligence Vendor-XXXX Resolved-Received Deed of Trust. Also received prepayment and 1-4 rider. Condition resolved. - Due Diligence Vendor-XXXX Resolved-Prepayment Rider provided is sufficient - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Rider attached to mortgage - Seller-XXXX Open-Provide Prepayment rider. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Rider attached to mortgage - Seller-XXXX |
Resolved-Received Deed of Trust. Also received prepayment and 1-4 rider. Condition resolved. - Due Diligence Vendor-XXXX Resolved-Received Deed of Trust. Also received prepayment and 1-4 rider. Condition resolved. - Due Diligence Vendor-XXXX Resolved-Prepayment Rider provided is sufficient - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115898 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | Residual income unknown | Resolved-Received income calculator. Minimum reserve requirement of $XXXX met. Reserves listed on 1008. Condition resolved. - Due Diligence Vendor-XXXX Cured-Received income calculator. Minimum reserve requirement of $XXXX met. Reserves listed on 1008. Condition resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. see attached - Seller-XXXX Open-Provide Residual income calculation sheet. DTI is above XXXX%. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. see attached - Seller-XXXX |
Resolved-Received income calculator. Minimum reserve requirement of $XXXX met. Reserves listed on 1008. Condition resolved. - Due Diligence Vendor-XXXX Cured-Received income calculator. Minimum reserve requirement of $XXXX met. Reserves listed on 1008. Condition resolved. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115898 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Initial CD provided and updated. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. CD for XXXX and audit log - Seller-XXXX Open-TRID: Missing Closing Disclosure Provide CD dated XXXX. Received COC dated XXXX and XXXX. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. CD for XXXX and audit log - Seller-XXXX |
Resolved-Initial CD provided and updated. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115898 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | PUD Rider is Missing | Resolved-Received Deed of Trust with PUD rider. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. PUD rider attached to recorded mortgage - attached - Seller-XXXX Open-PUD Rider is Missing Provide PUD Rider. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. PUD rider attached to recorded mortgage - attached - Seller-XXXX |
Resolved-Received Deed of Trust with PUD rider. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115898 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Deed of Trust is Missing | Resolved-The Deed of Trust is Present - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Attached is the DOT with PUD rider - Seller-XXXX Open-The Deed of Trust is Missing Provide Deed of Trust. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Attached is the DOT with PUD rider - Seller-XXXX |
Resolved-The Deed of Trust is Present - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115898 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Asset Depletion calculator provided. - Due Diligence Vendor-XXXX Resolved-Validation Resolved' - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Asset depletion calc attached - Seller-XXXX Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Provide Asset Depletion calculator for B1 to verify Asset Depletion income. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Asset depletion calc attached - Seller-XXXX |
Resolved-Asset Depletion calculator provided. - Due Diligence Vendor-XXXX Resolved-Validation Resolved' - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115900 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Assets | Asset 4 Does Not Meet Guideline Requirements | Resolved-Documentation verifying asset provided. Resolved. - Due Diligence Vendor-XXXX Resolved-Asset 4 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Asset 4 Does Not Meet Guideline Requirements Missing documentation for XXXX verifying XXXX. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Documentation verifying asset provided. Resolved. - Due Diligence Vendor-XXXX Resolved-Asset 4 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115900 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Borrower 1 3rd Party VOE Prior to Close Missing VOE Missing from file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115901 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | A | A | Credit | Borrower | Discrepancy between 1008 Page Qualifying FICO and actual Qualifying FICO | Resolved-Qualifying FICO on the 1008 Page is 'XXXX' or blank, but the Qualifying FICO from the Credit Liabilities Page is 'XXXX' or blank. Qualifying FICO entries do not match. Please confirm the correct Qualifying FICO value. Qualifying FICO on the 1008 Page is reflecting 'XXXX', however Qualifying FICO from the Credit Liabilities Page is 'XXXX' Per GLs "primary wage earner mid score" - Due Diligence Vendor-XXXX |
Resolved-Qualifying FICO on the 1008 Page is 'XXXX' or blank, but the Qualifying FICO from the Credit Liabilities Page is 'XXXX' or blank. Qualifying FICO entries do not match. Please confirm the correct Qualifying FICO value. Qualifying FICO on the 1008 Page is reflecting 'XXXX', however Qualifying FICO from the Credit Liabilities Page is 'XXXX' Per GLs "primary wage earner mid score" - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115902 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX Resolved-received CDA with moderate score - resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Counter-CU score is 3.5. Please provide an additional product that supports value at origination within -10% or LCA score < 2.6. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. CU score is 1. Please advise. - Seller-XXXX Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Secondary valuation or additional valuation is missing in file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Ready for Review-Document Uploaded. CU score is 1. Please advise. - Seller-XXXX |
Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX Resolved-received CDA with moderate score - resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115902 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Property | Appraisal | 1004D Completion Report is not on an as-is basis | Resolved-Certificate of Occupancy accepted as an alternate document for 1004D verifying home is 100% completed. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-1004D Completion Report is missing in file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Certificate of Occupancy accepted as an alternate document for 1004D verifying home is 100% completed. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115903 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Business Purpose Affidavit is Missing | Resolved-Received fully executed notarized Business Purpose Affidavit. Condition is resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Counter-Unable to rescind, this screen shot shows the funds were for consumer use and would therefore be subject to TRID testing. Please provide a Business Purpose Affidavit signed by the borrower. If unable to provide, we will test Compliance and determine the grade based on results. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached and consider rescinding - Seller-XXXX Open-The 1008 Page Loan Type is 'Conventional' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Missing', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a DSCR loan. Provide fully executed notarized Business Purpose Affidavit. Initial and final missing from file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Ready for Review-Document Uploaded. Please see attached and consider rescinding - Seller-XXXX |
Resolved-Received fully executed notarized Business Purpose Affidavit. Condition is resolved. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115903 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Received signed and dated rent free letter from homeowner. Condition resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Counter-Guidelines require a LOE from the property owner verifying rent-free status. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements Provide rent free letter from homeowner where the borrower is living rent free. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Received signed and dated rent free letter from homeowner. Condition resolved. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115906 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Excessive Seller Contributions | Waived-Exception made for seller concessions exceeding 2%, currently at 4% - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Buyer-XXXX Open-Seller credit is at 4%, maximum allowed only 2%. - Due Diligence Vendor-XXXX |
Waived-Exception made for seller concessions exceeding 2%, currently at 4% - Due Diligence Vendor-XXXX |
XXXX | Originator Comp Factors: 1. DSCR is XXXX. Minimum required per guidelines is 1. 2. No mortgage lates in XXXX_ years 3. Credit Score is XXXX. Minimum required per guidelines is 660. |
XXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | Yes | ||||
| XXXX | 4350115906 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | Tradeline minimum has not met guidelines | Resolved-Requested Credit Report provided with to whom the tradelines are reported hence resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Buyer-XXXX Open-Credit report verification of tradelines does clarify between B1 and B2 tradelines. - Due Diligence Vendor-XXXX |
Resolved-Requested Credit Report provided with to whom the tradelines are reported hence resolved. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115908 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Missing Prepayment Rider | Resolved-received Excecuted MTg with riders - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Prepayment Rider missing in file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-received Excecuted MTg with riders - Resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Home Improvement/Reno | XXXX | N/A | N/A | ||||
| XXXX | 4350115908 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Deed of Trust is Missing | Resolved-received DOT - resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-The Deed of Trust is Missing Deed of Trust is Missing in file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-received DOT - resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Home Improvement/Reno | XXXX | N/A | N/A | ||||
| XXXX | 4350115910 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-Updated housing history provided. Resolved. - Due Diligence Vendor-XXXX Resolved-The Final 1003 is Present - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. 1003 updated. And VORs match - Seller-XXXX Open-The Final 1003 is Incomplete 2 year housing history does not match VOR provided - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. 1003 updated. And VORs match - Seller-XXXX |
Resolved-Updated housing history provided. Resolved. - Due Diligence Vendor-XXXX Resolved-The Final 1003 is Present - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115910 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. 1003 updated. And VORs match - Seller-XXXX Counter-VOR reflects rental history from XXXX to XXXX XXXX. History does not match Final 1003 which only reflects residing in property for 0 years and 2 months. LOX for XXXX month discrepancy required. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. VOR - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements Housing history is XXXX months, as per final 1003-page 853 borrower is living on rent. VOR or XXXX months housing history missing from file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. 1003 updated. And VORs match - Seller-XXXX Ready for Review-Document Uploaded. VOR - Seller-XXXX |
Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115910 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-XXXX Resolved-Borrower 1 Gap Credit Report uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Gap Credit - Seller-XXXX Open-Borrower 1 Gap Credit Report is Missing Gap credit report missing from file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Gap Credit - Seller-XXXX |
Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-XXXX Resolved-Borrower 1 Gap Credit Report uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115910 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | Missing purchase contract and/or addendums. | Resolved-Page 2 of contract removing $XXXX EMD and initialed by buyer and seller provided. Resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Updated contract removing the EMD - Seller-XXXX Counter-LOX for $XXXX EMD being disclosed on all LE's and Initial CD but not included on Final CD missing from file. - Due Diligence Vendor-XXXX Ready for Review-UW Response: XXXX Rule= EMD less than 1% is not required to be verified. This is $XXXX which is far less than 1% of the sales price. - Seller-XXXX Open-As per agreement page 197 shows $XXXX as earnest money whereas as per final CD page 77 there is no deposit, provide addendum for earnest money - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Updated contract removing the EMD - Seller-XXXX Ready for Review-UW Response: XXXX Rule= EMD less than 1% is not required to be verified. This is $XXXX which is far less than 1% of the sales price. - Seller-XXXX |
Resolved-Page 2 of contract removing XXXX EMD and initialed by buyer and seller provided. Resolved. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115910 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Property | Missing Doc | Appraisal 2 missing | Resolved-received second full appraisal - resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. 2nd Appraisal - Seller-XXXX Open-Per PCCD/CD second appraisal fee collected. Second Appraisal missing from file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. 2nd Appraisal - Seller-XXXX |
Resolved-received second full appraisal - resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115910 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-Updated 1008 Document uploaded, Qualifying FICO on the 1008 matches the Qualifying FICO from the Credit Liabilities, Verified - Resolved - Due Diligence Vendor-XXXX Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. 1008 - Seller-XXXX Open-The 1008 document is missing from the loan file. 1008, page 880, reflects income and DTI. Asset Utilization Worksheet (100% coverage), page 651 reflects 100% coverage calculation with no dti and there is no income in final 1003 page 853. Additionally, 1008 reflects Risk Assessment as AUS/DU. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. 1008 - Seller-XXXX |
Resolved-Updated 1008 Document uploaded, Qualifying FICO on the 1008 matches the Qualifying FICO from the Credit Liabilities, Verified - Resolved - Due Diligence Vendor-XXXX Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115911 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | B | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) PUBLIC ASSISTANCE AREA (2) | Resolved-PDI received no damage noted - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. see attached - Seller-XXXX Open-Property potentially affected by FEMA Disaster ID XXXX. XXXX - Declared XXXX without an Incident End Date with Public Assistance: NO and Individual Assistance: YES. After the disaster end date, a Property inspection with exterior photos is required. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. see attached - Seller-XXXX |
Resolved-PDI received no damage noted - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115911 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-received asset utilization calculator -resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. B1 has Asset Depletion Income of $XXXX,unable to verify. Need Asset Depletion Calculator which is missing from file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-received asset utilization calculator -resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115912 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Less Than 2 Months Verified | Resolved-Updated asset page with wire confirmation - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see the attached. - Seller-XXXX Open-Need the wire confirmation for the proceeds from the sale of property. - Due Diligence Vendor-XXXX Open-Need the wire confirmation for the funds - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see the attached. - Seller-XXXX |
Resolved-Updated asset page with wire confirmation - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115913 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | DSCR unknown | Resolved-Updated DSCR Worksheet uploaded, Calculated DSCR matches with the DSCR worksheet, Verified - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see the attached. - Seller-XXXX Open-Provided updated DSCR calculator. DSCR Calculator provided does not include the monthly HOA amount of $XXXX in PITIA. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see the attached. - Seller-XXXX |
Resolved-Updated DSCR Worksheet uploaded, Calculated DSCR matches with the DSCR worksheet, Verified - Resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115914 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | FEMA disaster issue and/or risk. | Resolved-Disaster Report provided. Free and clear of disaster related damage. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Disaster Report - Seller-XXXX Open-Property potentially affected by FEMA Disaster ID XXXX. XXXX - Declared XXXX without an Incident End Date with Public Assistance: NO and Individual Assistance: YES. After the disaster end date, a Property inspection with exterior photos is required. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Disaster Report - Seller-XXXX |
Resolved-Disaster Report provided. Free and clear of disaster related damage. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115914 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Housing history is less than 12 months, Provided Vom and Property report, Changes made in system, Finding Resolved - Due Diligence Vendor-XXXX Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. UW Response: VOM Borrower acquired primary XXXX. This matches the property profile uploaded to file and matches the credit supplement you are referencing. See screen shots attached. Mortgage was transferred to another lender. XXXX was original lender from XXXX. Affiliate Mortgage is now current lender. - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements Verified only 10 months housing history as per supplemental credit page 221, Provide 12 months housing history for B1 and B2 - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. UW Response: VOM Borrower acquired primary XXXX. This matches the property profile uploaded to file and matches the credit supplement you are referencing. See screen shots attached. Mortgage was transferred to another lender. XXXX Housing was original lender from XXXX- XXXX. Affiliate Mortgage is now current lender. - Seller-XXXX |
Resolved-Housing history is less than 12 months, Provided Vom and Property report, Changes made in system, Finding Resolved - Due Diligence Vendor-XXXX Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115914 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | Data | The Initial 1003 is Incomplete | Resolved-Signed 1003 provided and updated. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Initial 1003 - Seller-XXXX Open-Initial apps in file not signed by borrowers nor the originator. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Initial 1003 - Seller-XXXX |
Resolved-Signed 1003 provided and updated. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115914 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Property | Value | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-LCA SSR report provided. Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. XXXX - Seller-XXXX Open-For securitization, a second property valuation needs to be provided. File needs a XXXX and/or FHLMC UCDP/SSR report with scores less than 2.5; or the file needs an Appraisal Desk Review. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Freddie SSR - Seller-XXXX |
Resolved-LCA SSR report provided. Resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115914 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 0XXXX)(Conforming) | Resolved-The loan's (XXXX) APR equals or exceeds the Federal HPML threshold of (XXXX). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. XXXX) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XXXX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on XXXX and the Final Closing disclosure on XXXX, Finding reflects escrows. Rate lock date was entered correctly – see XXXX. An interior and exterior appraisal was completed for this property – see XXXX, the appraisal disclosure was provided to the borrower and confirmation the appraisal was delivered to the borrower – see XXXX. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX |
Resolved-The loan's (XXXX) APR equals or exceeds the Federal HPML threshold of (XXXX). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. XXXX) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XXXX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on XXXX and the Final Closing disclosure on XXXX, Finding reflects escrows. Rate lock date was entered correctly – see XXXX. An interior and exterior appraisal was completed for this property – see XXXX, the appraisal disclosure was provided to the borrower and confirmation the appraisal was delivered to the borrower – see XXXX. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115916 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Exception made for reserves – short 1 month, 6months required. - Due Diligence Vendor-XXXX | Waived-Exception made for reserves – short 1 month, 6months required. - Due Diligence Vendor-XXXX |
XXXX | 1. Residual Income is $XXXX. Minimum Residual Income required per guidelines is $XXXX. 2. XXXX years with same/current employer. 3. LTV is XXXX%. Maximum allowed per guidelines is 90%. |
XXXX | Primary Residence | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXX | 4350115916 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 0XXXX)(Conforming) | Resolved-The loan's (XXXX) APR equals or exceeds the Federal HPML threshold of (XXXX). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. XXXX Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XXXX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on XXXX and the Final Closing disclosure on XXXX reflects escrows. Rate lock date was entered correctly – see XXXX An interior and exterior appraisal was completed for this property – see XXXX, the appraisal disclosure was provided to the borrower(s)- see XXXX and copy of the appraisal was given to the borrower – see XXXX for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX | Resolved-The loan's (XXXX) APR equals or exceeds the Federal HPML threshold of (XXXX). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. XXXX Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XXXX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on XXXX and the Final Closing disclosure on XXXX reflects escrows. Rate lock date was entered correctly – see XXXX An interior and exterior appraisal was completed for this property – see XXXX, the appraisal disclosure was provided to the borrower(s)- see XXXX and copy of the appraisal was given to the borrower – see XXXX for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX | XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115917 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 0XXXX)(Conforming) | Resolved-The loan's (XXXX) APR equals or exceeds the Federal HPML threshold of (XXXX). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX).XXXX) This loan failed the higher-priced mortgage loan test. ( XXXX) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XXXX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on page XXXX and the Final Closing disclosure on page XXXX reflects escrows. Rate lock date was entered correctly – see page XXXX. An interior and exterior appraisal was completed for this property – see page XXXX and the appraisal disclosure was provided to the borrower(s)- see page XXXX and confirmation the appraisal was delivered to the borrower – see page XXXX. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX | Resolved-The loan's (XXXX) APR equals or exceeds the Federal HPML threshold of (XXXX). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX).XXXX) This loan failed the higher-priced mortgage loan test. ( XXXX) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XXXX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on page XXXX and the Final Closing disclosure on page XXXX reflects escrows. Rate lock date was entered correctly – see page XXXX. An interior and exterior appraisal was completed for this property – see page XXXX and the appraisal disclosure was provided to the borrower(s)- see page XXXX and confirmation the appraisal was delivered to the borrower – see page XXXX. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX | XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115918 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 0XXXX)(Conforming) | Resolved-The loan's (XXXX) APR equals or exceeds the Federal HPML threshold of (XXXX). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX%).XXXX This loan failed the higher-priced mortgage loan test. ( XXXX )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XXXX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on XXXX and the Final Closing disclosure on XXXX. Rate lock date was entered correctly see XXXX An interior and exterior appraisal was completed for this property – see pg XXXX the appraisal disclosure was provided to the borrower(s)- see XXXX and copy of the appraisal was given to the borrower see XXXX for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-XXXX | Resolved-The loan's (XXXX) APR equals or exceeds the Federal HPML threshold of (XXXX). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX%).XXXX This loan failed the higher-priced mortgage loan test. ( XXXX )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XXXX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on XXXX and the Final Closing disclosure on XXXX. Rate lock date was entered correctly see XXXX An interior and exterior appraisal was completed for this property – see pg XXXX the appraisal disclosure was provided to the borrower(s)- see XXXX and copy of the appraisal was given to the borrower see XXXX for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-XXXX | XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115919 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Note is Missing | Resolved-Requested Note Final Provided hence resolved. - Due Diligence Vendor-XXXX Resolved-The Note is Present - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-The Note is Missing Note document is missing from file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Requested Note Final Provided hence resolved. - Due Diligence Vendor-XXXX Resolved-The Note is Present - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115919 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Loan does not conform to program guidelines Exception on pageXXXX: 1. Borrower less than 6 months seasoning on title - Borrower’s XXXX and XXXX were 50/50 owners of LLC which owns the subject property. Upon XXXX’s death, borrower was to be appointed receiver/manager of subject property per XXXX's revocable trust. Now, LLC ownership will instead change to borrower 60% and XXXX's trust 40%. XXXX will be paid XXXX from loan proceeds to buy him out, but need seasoning exception. 2. Borrower does not own his primary residence. He is currently living with his XXXX rent free for the last XXXX years. XXXX’s trust owns the property borrower resides in too. Borrower is one of four beneficiaries who will inherit his XXXX’s primary residence upon her death. - Due Diligence Vendor-XXXX |
Waived-Loan does not conform to program guidelines Exception on page#283: 1. Borrower less than 6 months seasoning on title - Borrower’s XXXX and XXXX were 50/50 owners of LLC which owns the subject property. Upon XXXX’s death, borrower was to be appointed receiver/manager of subject property per XXXX's revocable trust. Now, LLC ownership will instead change to borrower 60% and XXXX's trust 40%. XXXX will be paid $XXXX from loan proceeds to buy him out, but need seasoning exception. 2. Borrower does not own his primary residence. He is currently living with his XXXX rent free for the last 6 years. XXXX’s trust owns the property borrower resides in too. Borrower is one of four beneficiaries who will inherit his XXXX’s primary residence upon her death. - Due Diligence Vendor-XXXX |
XXXX | 1. LTV is XXXX%. Maximum allowed per guidelines is 70%. 2. Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months. |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXX | 4350115919 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Rent Free LOX provided. Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements Borrower currently staying in No primary housing expense, LOX in file is from borrower. Need Rent Free LOX from Owner of the house. Based on comments XXXX passed away need LOE from parties that are on the trust that borrower is still residing there rent free - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX |
Resolved-Rent Free LOX provided. Resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115919 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Received exception for loan amount - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached exception - Seller-XXXX Open-Audited Loan Amount of $XXXX is less than the Guideline Minimum Loan Amount of $XXXX - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached exception - Seller-XXXX |
Waived-Received exception for loan amount - Due Diligence Vendor-XXXX |
XXXX | 1. Borrower has XXXX months of reserves and max needed is 6 months of reserves. 2. Borrower has a Low LTV of XXXX and max can go up to 70% |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | |||
| XXXX | 4350115920 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Validation Resolved' - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Counter-Asset Depletion Worksheet missing. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Lender Worksheet missing for Asset depletion. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Validation Resolved' - Due Diligence Vendor-XXXX |
XXXX | XXXX | Second Home | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115921 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited FICO is less than Guideline requirements | Waived-Audited FICO of XXXX is less than Guideline FICO of XXXX Exception Approval pXXXX: XXXX minimum credit score for cash out investor cash flow. Customer is paying off all debt which will bring his credit score above the minimum. - Due Diligence Vendor-XXXX |
Waived-Audited FICO of XXXX is less than Guideline FICO of XXXX Exception Approval p461: XXXX minimum credit score for cash out investor cash flow. Customer is paying off all debt which will bring his credit score above the minimum. - Due Diligence Vendor-XXXX |
XXXX | 1.Borrower Housing History is XXXX, XXXX months. Housing History required per guidelines is 0X30, 12 months. 2.Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months. 3.Low LW, large cash out reserves, owns several other rentals which include present equity, high DSCR over 1.0. |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | Yes | ||||
| XXXX | 4350115923 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title coverage not meets loan amount, provided updated Title document, changes made in system, Finding Resolved - Due Diligence Vendor-XXXX Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. please see attached - Buyer-XXXX Open-Title Coverage Amount of $XXXX is Less than Loan Amount Title Coverage Amount is missing in Title report. - Due Diligence Vendor-XXXX |
Resolved-Title coverage not meets loan amount, provided updated Title document, changes made in system, Finding Resolved - Due Diligence Vendor-XXXX Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115923 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Homeowners Association Questionnaire | Resolved-Loan is TIC.HOA Questionnaire not required. - Due Diligence Vendor-XXXX Resolved-HOA Questionnaire is Missing or Partial. Loan is TIC.HOA Questionnaire not required. - Due Diligence Vendor-XXXX Ready for Review-Loan is TIC, this is N/A - Seller-XXXX Open-HOA Questionnaire is Missing or Partial. Condo Questionnaire/TIC Agreement is missing from file. - Due Diligence Vendor-XXXX |
Ready for Review-Loan is TIC, this is N/A - Seller-XXXX |
Resolved-Loan is TIC.HOA Questionnaire not required. - Due Diligence Vendor-XXXX Resolved-HOA Questionnaire is Missing or Partial. Loan is TIC.HOA Questionnaire not required. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115923 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. please see attached - Seller-XXXX Open-Missing Third Party Fraud Report Fraud Report is missing in file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. please see attached - Seller-XXXX |
Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115924 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Credit | DSCR Does Not Meet Guideline Requirement | Waived-Exception made for FTHB DSCR purchase – currently renting primary/investor approval provided to proceed with exception - Due Diligence Vendor-XXXX | Waived-Exception made for FTHB DSCR purchase – currently renting primary/investor approval provided to proceed with exception - Due Diligence Vendor-XXXX |
XXXX | 1. DSCR ratio exceeds 1.0 - DSCR is XXXX . Minimum required per guidelines is 1. 2. Additional 3 months reserves - Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 3 months. 3. 0 lates on credit - No derogatory accounts found in credit report. |
XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXX | 4350115925 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | DSCR unknown | Resolved-Requested DSCR Calculation sheet provided DSCR is within the Guidelines, Discrepancy is due to Interest only terms hence resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Provide DSCR worksheet to verify final ratio. Calculator provided shows different initial IO payment and rate based on Note provided. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Requested DSCR Calculation sheet provided DSCR is within the Guidelines, Discrepancy is due to Interest only terms hence resolved. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115925 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Property | Property | Property has been listed for sale in the past 6 months | Waived-Exception Approval p354: The subject property is currently listed for sale. The borrower is providing proof the home has been removed from the market and the listing has been canceled as well as a detailed letter of explanation as to why the home was on the market. - Due Diligence Vendor-XXXX |
Waived-Exception Approval p354: The subject property is currently listed for sale. The borrower is providing proof the home has been removed from the market and the listing has been canceled as well as a detailed letter of explanation as to why the home was on the market. - Due Diligence Vendor-XXXX |
XXXX | 1.Qualifying DSCR higher than XXXX, AND at least 0.1x higher than guideline minimum. 2.Housing payment history is XXXX or better 3.Borrower has real estate investment experience as seasoned investor with more than 2 prior investments displaying at least 0x30x12 pay history. 4.Very low LTV (XXXX%). The borrower owns 3 rental properties and has mortgage history with 0x30x43 on one and 0x30x56 on the other. Good credit. |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXX | 4350115926 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Assets | Asset General | Resolved-Received final settlement statement documenting 1031 Exchange funds. Resolved condition. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Provide 1031 Exchange documentation for funds wired to Title in the amount of XXXX. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Received final settlement statement documenting 1031 Exchange funds. Resolved condition. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115926 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Requested updated Final Title Provided with the Coverage amount that covers loan amount hence resolved. - Due Diligence Vendor-XXXX Resolved-Title Coverage Amount of XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Title Coverage Amount of $XXXX is Less than Loan Amount Provide Title Coverage Amount on the Title Report. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Requested updated Final Title Provided with the Coverage amount that covers loan amount hence resolved. - Due Diligence Vendor-XXXX Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115927 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 0XXXX)(Conforming) | Resolved-meets HPML guidelines- resolved - Due Diligence Vendor-XXXX Resolved-The loan's (XXXX) APR equals or exceeds the Federal HPML threshold of (XXXX). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX).(XXXX) This loan failed the higher-priced mortgage loan test. ( XXXX )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XXXX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on XXXX and the Final Closing disclosure on XXXX reflects escrows. Rate lock date was entered correctly – see XXXX An interior and exterior appraisal was completed for this property – see XXXX, Borrower receipt copy of the appraisal listed on XXXX , borrower received copy of the appraisal disclosure on page on XXXX . The loan meets HPML guidelines. - Due Diligence Vendor-XXXX |
Resolved-meets HPML guidelines- resolved - Due Diligence Vendor-XXXX Resolved-The loan's (XXXX) APR equals or exceeds the Federal HPML threshold of (XXXX). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX).(XXXX) This loan failed the higher-priced mortgage loan test. ( XXXX )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XXXX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on XXXX and the Final Closing disclosure on XXXX reflects escrows. Rate lock date was entered correctly – see XXXX An interior and exterior appraisal was completed for this property – see XXXX, Borrower receipt copy of the appraisal listed on XXXX , borrower received copy of the appraisal disclosure on page on XXXX . The loan meets HPML guidelines. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115928 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-3rd party Voe prior to closing date is missing in file, Provided Updated 3rd party Voe, changes made in system, Finding Resolved - Due Diligence Vendor-XXXX Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Buyer-XXXX Open-Borrower 1 3rd Party VOE Prior to Close Missing The existence of the business must be independently verified through a disinterested third party within 30 calendar days of closing, missing verification from file. - Due Diligence Vendor-XXXX |
Resolved-3rd party Voe prior to closing date is missing in file, Provided Updated 3rd party Voe, changes made in system, Finding Resolved - Due Diligence Vendor-XXXX Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115929 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-received clarification - resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. The zero percentage is correct, this is a personal bank statement with 2 month of business bank statement we aren’t using business bank statements so that factor doesn’t apply. The deposits into the personal account are literally payroll, so he gets XXXX% of the income. - Seller-XXXX Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. 1) Lender worksheet for Sno-King Maintenance & Construction business on XXXX is not reflecting legible numbers to verify the exact deposits. Per the final 1003 and the 1008, qualifying income for this business was $XXXX. Provide the income calculation worksheet validating this amount. (2) Per LOE on page #XXXX, the expense ratio for XXXX Inc business is XXXX%. However lender worksheet on XXXX shows expense ratio as XXXX%. Provide updated worksheet with correct expense ratio. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. The zero percentage is correct, this is a personal bank statement with 2 month of business bank statement we aren’t using business bank statements so that factor doesn’t apply. The deposits into the personal account are literally payroll, so he gets 100% of the income. - Seller-XXXX |
Resolved-received clarification - resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115929 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows XXXXared Alerts | Resolved-Requested Alerts Cleared Report Provided hence resolved. - Due Diligence Vendor-XXXX Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX Open-Fraud Report Shows XXXXared Alerts Provide updated fraud report with all cleared alerts as the one on file shows XXXXared alerts. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX |
Resolved-Requested Alerts Cleared Report Provided hence resolved. - Due Diligence Vendor-XXXX Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | 4350115930 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Property Tax cert provided. Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. please see attached - Buyer-XXXX Open-Missing Evidence of Property Tax Subject Property Tax cert missing from file verifying XXXX annual property taxes. - Due Diligence Vendor-XXXX |
Resolved-Property Tax cert provided. Resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115931 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Audited Loan Amount is less than Guideline Minimum Loan Amount Exception Approval p377 Requesting exception under XXXX for DSCR. Rate Sheet Pricing / Program: Loan amount is less than rate sheet / guideline / program requirements - Due Diligence Vendor-XXXX |
Waived-Audited Loan Amount is less than Guideline Minimum Loan Amount Exception Approval p377 Requesting exception under XXXXk for DSCR. Rate Sheet Pricing / Program: Loan amount is less than rate sheet / guideline / program requirements - Due Diligence Vendor-XXXX |
XXXX | 1.Borrower has worked in same industry more than 5 years. 2.Monthly reserves is verified AND at least 4 months more than guideline minimum 3.Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months. 4.credit score XXXX, he has XXXX months reserves, never missed payment, has other rentals |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXX | 4350115932 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Exception Approval XXXX Investment cash-out LTV over XXXX% - requesting to now use 80% LTV Rate Sheet Pricing / Program: FICO/LTV combination outside of rate sheet / guideline / program requirements. - Due Diligence Vendor-XXXX |
Waived-Exception Approval p385 Investment cash-out LTV over 75% - requesting to now use 80% LTV Rate Sheet Pricing / Program: FICO/LTV combination outside of rate sheet / guideline / program requirements. - Due Diligence Vendor-XXXX |
XXXX | 1.Borrower has worked in same job more than 3 years. Borrower worked in same job from XXXX. 2.Borrower has worked in same industry more than 5 years; Borrower worked in same industry from XXXX. 3.No rental income from subject property included in qualifying income. |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXX | 4350115934 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Credit | Cash out funds exceed guideline requirement. | Waived-Exception is for cashout amount exceeding guidelines greater than XXXX - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. please see attached - Buyer-XXXX Open-GLs have a max cash out of $XXXX and Bwr is receiving $XXXX no exception in file - Due Diligence Vendor-XXXX |
Waived-Exception is for cashout amount exceeding guidelines greater than XXXX - Due Diligence Vendor-XXXX |
XXXX | DTI is XXXX%. Maximum allowed per guidelines is 50%. LTV is XXXX%. Maximum allowed per guidelines is 80%. Credit Score is XXXX.. Minimum required per guidelines is 760. Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months. |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXX | 4350115934 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Ineligible Housing History per program guidelines | Waived- Exception to use XXXX mo mortgage history to verify VOM vs guideline of 12 months - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. please see attached - Buyer-XXXX Open-Housing History Does Not Meet Guideline Requirements Housing history does not meet guideline requirements, Require VOM / clean & clear LOX to verify XXXX months housing history. - Due Diligence Vendor-XXXX |
Waived- Exception to use 8 mo mortgage history to verify VOM vs guideline of 12 months - Due Diligence Vendor-XXXX |
XXXX | DTI is XXXX%. Maximum allowed per guidelines is 50%. LTV is XXXX%. Maximum allowed per guidelines is 80%. Credit Score is XXXX.. Minimum required per guidelines is 760. Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months. |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXX | 4350115935 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Assets | Asset 4 Does Not Meet Guideline Requirements | Resolved-Wire Proof for Gift is missing, provided the same changes made in system, Finding Resolved - Due Diligence Vendor-XXXX Resolved-Asset 4 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Asset 4 Does Not Meet Guideline Requirements Provide proof of deposit for Asset 4, Gift amount for $XXXX. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Wire Proof for Gift is missing, provided the same changes made in system, Finding Resolved - Due Diligence Vendor-XXXX Resolved-Asset 4 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115935 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Requested updated HOI Policy provided with Dwelling Coverage hence resolved. - Due Diligence Vendor-XXXX Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Hazard Insurance Policy Partially Provided Provide HOI declaration page listing coverage amount. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Requested updated HOI Policy provided with Dwelling Coverage hence resolved. - Due Diligence Vendor-XXXX Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115936 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 0XXXX)(Conforming) | Resolved-The loan's (XXXX%) APR equals or exceeds the Federal HPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX%).(XXXX) This loan failed the higher-priced mortgage loan test. ( XXXX )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XXXX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s __XXXX_ and the Final Closing disclosure on Pg#’s _XXXX___ reflects escrows. Rate lock date was entered correctly – see Pg#’s __XXXX___ An interior and exterior appraisal was completed for this property – see pg __XXXX__ , the appraisal disclosure was provided to the borrower(s)- see Pg#’s_XXXX__ , and copy of the appraisal was given to the borrower – see Pg#’s ___XXXX__ for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-XXXX | Resolved-The loan's (XXXX%) APR equals or exceeds the Federal HPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX%).(XXXX) This loan failed the higher-priced mortgage loan test. ( XXXX )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in XXXX, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s __XXXX_ and the Final Closing disclosure on Pg#’s _XXXX___ reflects escrows. Rate lock date was entered correctly – see Pg#’s __XXXX___ An interior and exterior appraisal was completed for this property – see pg __XXXX__ , the appraisal disclosure was provided to the borrower(s)- see Pg#’s_XXXX__ , and copy of the appraisal was given to the borrower – see Pg#’s ___XXXX__ for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-XXXX | XXXX | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||||
| XXXX | 4350115937 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Assets | Asset 4 Does Not Meet Guideline Requirements | Resolved-Omitting the XXXXK account does not materially affect the loan from qualifying.XXXX months verified reserves per audit. - Due Diligence Vendor-XXXX Counter- Provide 1 additional statement for Asset 4 from XXXX Plan ID #XXXX to cover 2 months. Amount used of this asset is $XXXX. Received XXXX statement. Countered - Due Diligence Vendor-XXXX Ready for Review-DISAGREE - NO ASSET #XXXX USED - Seller-XXXX Open-Asset 4 Does Not Meet Guideline Requirements Provide 1 additional statement for Asset 4 #XXXX to cover 2 months. Received XXXX statement. - Due Diligence Vendor-XXXX |
Ready for Review-DISAGREE - NO ASSET #XXXX USED - Seller-XXXX ' |
Resolved-Omitting the XXXX account does not materially affect the loan from qualifying. XXXX months verified reserves per audit. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Second Home | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115937 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Fraud report is missing in file, provided the same, Changes made in system, Finding Resolved - Due Diligence Vendor-XXXX Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Missing Third Party Fraud Report Provide Third Party Fraud Report. Only one page was received, the Loan Participant Analysis page. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Fraud report is missing in file, provided the same, Changes made in system, Finding Resolved - Due Diligence Vendor-XXXX Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-XXXX |
XXXX | XXXX | Second Home | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115937 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | Residual income unknown | Resolved-Residual income worksheet is missing in file as DTI is >XXXX%, Provided Residual Income Worksheet, Changes made in system, Finding Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Provide Residual income calculation. DTI is above XXXX%. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Residual income worksheet is missing in file as DTI is >43%, Provided Residual Income Worksheet, Changes made in system, Finding Resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Second Home | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115937 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Missing Doc | Missing evidence of sufficient insurance for condo project | Waived-Exception Approval pXXXX for "Master insurance has roofs over XXXX years of age included in actual cash valuation rather than replacement cost. It has been confirmed with the HOA that the there is still 2 years life remaining for 2 roofs, 7 years life remaining for 2 roofs, and 19 years for 1 roof. The HOA demonstrates financial stability by allocating 10% in reserves annually and currently hold a reserve balance of $XXXX. In the event of a total loss claim on the roofs the HOA could absorb this cost without financial burden.", Recommends waiving as we have sufficient comp factors. - Due Diligence Vendor-XXXX | Waived-Exception Approval pXXXX for "Master insurance has roofs over XXXX years of age included in actual cash valuation rather than replacement cost. It has been confirmed with the HOA that the there is still 2 years life remaining for 2 roofs, XXXX life remaining for 2 roofs, and XXXX for 1 roof. The HOA demonstrates financial stability by allocating 10% in reserves annually and currently hold a reserve balance of $XXXX. In the event of a total loss claim on the roofs the HOA could absorb this cost without financial burden.", Recommends waiving as we have sufficient comp factors. - Due Diligence Vendor-XXXX | XXXX | Originator Comp Factors: 1. Credit Score is XXXX. Minimum required per guidelines is 760. 2. Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 6 months. 3. Borrower Housing History is XXXX months. Housing History required per guidelines is 0X30, 12 months. |
XXXX | Second Home | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXX | 4350115938 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-The Final 1003 is Present - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Buyer-XXXX Open-The Final 1003 is Incomplete Section 5 lists no ownership in property when the borrower has owned their primary residence - Due Diligence Vendor-XXXX |
Resolved-The Final 1003 is Present - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||||
| XXXX | 4350115940 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | DTI discrepancy or failure. | Resolved-Corrected 1008 received. System updated. DTI now matches the audit's DTI. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. We agree. Please see attached updated 1008. - Buyer-XXXX Open-Audited DTI is XXXX%. Main variance is due to the qualifying P&I payment that was used. Per guidelines: "•The greater of the note rate or the fully indexed rate (margin + index) amortized over XXXX years." Note rate is XXXX% and the fully index rate is XXXX% (XXXX% Index + XXXX% margin). The greater of these is XXXX%. Am amortized payment of $XXXX loan, XXXX% interest, and 360 month term is $XXXX P&I. The 1008 discloses $XXXX. Unable to determine the source of the lender's $XXXX qualifying P&I. - Due Diligence Vendor-XXXX |
Resolved-Corrected 1008 received. System updated. DTI now matches the audit's DTI. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115941 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | Hazard Insurance coverage does not include Business Interruption / Rent-Loss Coverage | Resolved-Received updated HOI, finding resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Insufficient rent loss coverage listed on HOI policy - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Received updated HOI, finding resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115941 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Ineligible Housing History per program guidelines | Waived-Exception made for less than 12 month housing history - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Buyer-XXXX Open-Housing History Does Not Meet Guideline Requirements Missing 12 housing history - Due Diligence Vendor-XXXX |
Waived-Exception made for less than 12 month housing history - Due Diligence Vendor-XXXX |
XXXX | DSCR is XXXX. Minimum required per guidelines is 1. Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 12 months. No Credit lates |
XXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | Yes | ||||
| XXXX | 4350115941 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document Missing | Resolved-Final title policy provided. Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Title Document is missing 1. Missing vesting in the LLC 2. Missing sufficient coverage on title - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Final title policy provided. Resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115941 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-RCE doc provided. Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Buyer-XXXX Open-Hazard Insurance Policy Partially Provided 80% of RCV ≤ Loan Amount, then Coverage Amount Hazard Insurance ≥ Loan Amount. Which is considered as per doc but not meet guidelines. - Due Diligence Vendor-XXXX |
Resolved-RCE doc provided. Resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115942 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Doc Locator is Missing or Partial | Resolved-Validation Resolved' - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Buyer-XXXX Open-Guaranty Agreement Doc is Missing or Partial Guaranty Document available in file on page 224 however the principal amount does not match note amount - Due Diligence Vendor-XXXX |
Resolved-Validation Resolved' - Due Diligence Vendor-XXXX |
XXXX | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115942 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Ineligible Housing History per program guidelines | Waived-Housing History Does Not Meet Guideline Requirements - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Buyer-XXXX Open-Housing History Does Not Meet Guideline Requirements Borrower previous address staying in rent of $XXXX, Required Vor document to verify housing history which is missin in file - Due Diligence Vendor-XXXX |
Waived-Housing History Does Not Meet Guideline Requirements - Due Diligence Vendor-XXXX |
XXXX | Credit Score is XXXX. Minimum required per guidelines is 700. DSCR is XXXX. Minimum required per guidelines is 1. |
XXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | Yes | ||||
| XXXX | 4350115944 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | Missing purchase contract and/or addendums. | Resolved-Addendum to Contract uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Contract updated - Seller-XXXX Open-• The provided Sales Agreement lists the purchase price as $XXXX. The final documents’ sale price of $XXXX not reflecting in the provided Sales Agreement. The file is missing any addendums or counter-offers. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Contract updated - Seller-XXXX |
Resolved-Addendum to Contract uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115944 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Gap Credit - Seller-XXXX Open-Borrower 1 Gap Credit Report is Missing • Borrower 1 Gap Credit Report is missing from the file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Gap Credit - Seller-XXXX |
Resolved-Borrower 1 Gap Credit Report uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115944 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows XXXXared Alerts | Resolved-All Fraud Report Alerts have been cleared. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX Open-Fraud Report Shows XXXXared Alerts • The XXXX document is missing. The Fraud Report in file shows High, Medium, and Low alerts. But with the missing document, unable to verify if any/all alerts were reviewed & cleared. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX |
Resolved-All Fraud Report Alerts have been cleared. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115944 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Missing Change of Circumstance | Resolved-A new PCCD received as well as a refund check to cure the tolerance. System updated & Mavent passes. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Cure check $XXXX, LOX, PCCD & Tracking - Seller-XXXX Open-• Credit Report Fee increased from $XXXX on the Initial CD dated XXXX to $XXXX ($XXXX at close + $XXXX POC) on the Final CD dated XXXX. There is no valid Change of Circumstance (COC) on the file for this increase. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Cure check $XXXX, LOX, PCCD & Tracking - Seller-XXXX |
Resolved-A new PCCD received as well as a refund check to cure the tolerance. System updated & Mavent passes. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115944 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Legible Bank Statement calculator received. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Income Calculation Worksheet - Seller-XXXX Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. • Due to poor imaging, the Lender’s Income Calculation Worksheet was not entirely legible. Please resubmit a legible copy. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Income Calculation Worksheet - Seller-XXXX |
Resolved-Legible Bank Statement calculator received. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115945 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows XXXXared Alerts | Resolved-Fraud Report with cleared alerts provided. Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX Open-Fraud Report Shows XXXXared Alerts Provide the updated fraud report, Fraud Report Shows XXXXared Alerts. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX |
Resolved-Fraud Report with cleared alerts provided. Resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115945 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Final Title Policy uploaded, Title Coverage Amount of $XXXX is equal to Total Amount of Subject Lien(s), Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Final Title Policy - Seller-XXXX Open-Title Coverage Amount of $XXXX is Less than Loan Amount Provide Title Coverage Amount of $XXXX is Greater than or equal to Loan Amount. Title policy on page#592 coverage amount showing as $XXXX it is less than the Loan amount. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Final Title Policy - Seller-XXXX |
Resolved-Final Title Policy uploaded, Title Coverage Amount of $XXXX is equal to Total Amount of Subject Lien(s), Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115945 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 0XXXX)(Conforming) | Resolved-The loan's (XXXX%) APR equals or exceeds the Federal HPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX%).(XXXX) This loan failed the higher-priced mortgage loan test. ( XXXX )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’sXXXX and the Final Closing disclosure on Pg#’s XXXX, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s XXXX. An interior and exterior appraisal was completed for this property – see pg#’s34, the appraisal disclosure was provided to the borrower(s)- see Pg#’s 31,30. and confirmation the appraisal was delivered to the borrower – see Pg#’XXXX. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX | Resolved-The loan's (XXXX%) APR equals or exceeds the Federal HPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX%).(XXXX) This loan failed the higher-priced mortgage loan test. ( XXXX )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’sXXXX and the Final Closing disclosure on Pg#’s XXXX, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s XXXX. An interior and exterior appraisal was completed for this property – see pg#’s34, the appraisal disclosure was provided to the borrower(s)- see Pg#’s 31,30. and confirmation the appraisal was delivered to the borrower – see Pg#’XXXX. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-XXXX | XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115946 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Waived-Exception made for VOE greater than 30 days from closing - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Buyer-XXXX Open-Borrower 1 3rd Party VOE Prior to Close Missing VOE is not with in 30 days of closing date - Due Diligence Vendor-XXXX |
Waived-Exception made for VOE greater than 30 days from closing - Due Diligence Vendor-XXXX |
XXXX | Residual Income is $XXXX. Minimum Residual Income required per guidelines is $3500. LTV is 80%. Maximum allowed per guidelines is 85%. |
XXXX | Primary Residence | Purchase | NA | XXXX | Originator Post-Close | Yes | ||||
| XXXX | 4350115947 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 0XXXX)(Conforming) | Resolved-The loan's (XXXX%) APR equals or exceeds the Federal HPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( XXXX )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #XXXX and the Final Closing disclosure on Pg #242 reflects escrows. Rate lock date was entered correctly – see Pg #XXXX An interior and exterior appraisal was completed for this property – see Pg #XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg #XXXX and copy of the appraisal was given to the borrower – see Pg #XXXX for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX | Resolved-The loan's (XXXX%) APR equals or exceeds the Federal HPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( XXXX )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #XXXX and the Final Closing disclosure on Pg #242 reflects escrows. Rate lock date was entered correctly – see Pg #XXXX An interior and exterior appraisal was completed for this property – see Pg #XXXX, the appraisal disclosure was provided to the borrower(s)- see Pg #XXXX and copy of the appraisal was given to the borrower – see Pg #XXXX for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX | XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115947 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | XXXX - Higher Priced Mortgage Loan (First Lien XXXX)(Conforming) | Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (XXXX%) equals or exceeds the XXXXHPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (XXXX%).(XXXX) This loan failed the higher-priced mortgage loan test. ( XXXX)Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #492 and the Final Closing disclosure on Pg #242 reflects escrows. Rate lock date was entered correctly – see Pg #538 An interior and exterior appraisal was completed for this property – see Pg #34-43, the appraisal disclosure was provided to the borrower(s)- see Pg #17, 18 and copy of the appraisal was given to the borrower – see Pg #214 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX | Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (XXXX%) equals or exceeds the XXXXHPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (XXXX%).(XXXX) This loan failed the higher-priced mortgage loan test. ( XXXX)Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #492 and the Final Closing disclosure on Pg #242 reflects escrows. Rate lock date was entered correctly – see Pg #538 An interior and exterior appraisal was completed for this property – see Pg #34-43, the appraisal disclosure was provided to the borrower(s)- see Pg #17, 18 and copy of the appraisal was given to the borrower – see Pg #214 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX | XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115949 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income/Employment General | Resolved-Other Income in 1003, and we There is no Proof for Other Income, provided Updated 1003 and 1008 with No Other income in documents, Changes made in system, Finding resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Income removed - Seller-XXXX Open-Proof of other employment is missing in file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Income removed - Seller-XXXX |
Resolved-Other Income in 1003, and we There is no Proof for Other Income, provided Updated 1003 and 1008 with No Other income in documents, Changes made in system, Finding resolved - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115949 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-3rd Party VOE prior to closing is missing in file, provided VOE, Changes made in system, Finding Resolved - Due Diligence Vendor-XXXX Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Buyer-XXXX Ready for Review-Document Uploaded. - Buyer-XXXX Open-Borrower 1 3rd Party VOE Prior to Close Missing VOE is not with in 30 days of closing date. - Due Diligence Vendor-XXXX |
Resolved-3rd Party VOE prior to closing is missing in file, provided VOE, Changes made in system, Finding Resolved - Due Diligence Vendor-XXXX Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115949 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 0XXXX)(Conforming) | Resolved-TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#453 and the Final Closing disclosure on Pg#230. Rate lock date was entered correctly see Pg#’s 227 An interior and exterior appraisal was completed for this property – see pg 42-52 the appraisal disclosure was provided to the borrower(s)- see Pg#29, 520and copy of the appraisal was given to the borrower see Pg 29, 520for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Resolved-The loan's (XXXX%) APR equals or exceeds the Federal HPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#453 and the Final Closing disclosure on Pg#230. Rate lock date was entered correctly see Pg#’s 227 An interior and exterior appraisal was completed for this property – see pg 42-52 the appraisal disclosure was provided to the borrower(s)- see Pg#29, 520and copy of the appraisal was given to the borrower see Pg 29, 520for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
Resolved-TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#453 and the Final Closing disclosure on Pg#230. Rate lock date was entered correctly see Pg#’s 227 An interior and exterior appraisal was completed for this property – see pg 42-52 the appraisal disclosure was provided to the borrower(s)- see Pg#29, 520and copy of the appraisal was given to the borrower see Pg 29, 520for the copy of the disclosure. The loan meets HPML guidelines - Due Diligence Vendor-XXXX Resolved-The loan's (9.353%) APR equals or exceeds the Federal HPML threshold of (8.37%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.87%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#453 and the Final Closing disclosure on Pg#230. Rate lock date was entered correctly see Pg#’s 227 An interior and exterior appraisal was completed for this property – see pg 42-52 the appraisal disclosure was provided to the borrower(s)- see Pg#29, 520and copy of the appraisal was given to the borrower see Pg 29, 520for the copy of the disclosure. The loan meets HPML guidelines" - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115951 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Third Party Fraud Report is fully present with both people listed in the Submitted Data. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Third Party Fraud Report Partially Provided • Fraud Report missing for Borrower 2 (XXXX). There are two fraud reports in file: One for Borrower 1 (XXXX) scored on XXXX, and the other for Borrower 1 (XXXX) again, scored on XXXX. Per a COC dated XXXX Borrower #2 wasn't added until then. Fraud report is missing for Borrower 2. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Third Party Fraud Report is fully present with both people listed in the Submitted Data. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | 4350115951 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Evidence of Rent payments made by both borrowers was provided. Housing History Meets Guideline Requirements. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Buyer-XXXX Open-Housing History Does Not Meet Guideline Requirements • Borrower 1 currently rents "XXXX" for $XXXX per month. No VOR located in file. • Borrower 2 currently rents "XXXX" for $XXXX per month. No VOR located in file. - Due Diligence Vendor-XXXX |
Resolved-Evidence of Rent payments made by both borrowers was provided. Housing History Meets Guideline Requirements. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115951 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 0XXXX)(Conforming) | Resolved-. - Due Diligence Vendor-XXXX Resolved-The loan's (XXXX%) APR equals or exceeds the Federal HPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #631 and the Final Closing disclosure on Pg #348 reflects escrows. Rate lock date was entered correctly – see Pg #838 An interior and exterior appraisal was completed for this property – see Pg #145-152, the appraisal disclosure was provided to the borrower(s)- see Pg #116 and copy of the appraisal was given to the borrower – see Pg #120 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
Resolved-. - Due Diligence Vendor-XXXX Resolved-The loan's (XXXX%) APR equals or exceeds the Federal HPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #631 and the Final Closing disclosure on Pg #348 reflects escrows. Rate lock date was entered correctly – see Pg #838 An interior and exterior appraisal was completed for this property – see Pg #145-152, the appraisal disclosure was provided to the borrower(s)- see Pg #116 and copy of the appraisal was given to the borrower – see Pg #120 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115951 | XXXX | Closed | XXXX | XXXX | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | XXXX - Higher Priced Mortgage Loan (First Lien XXXX)(Conforming) | Resolved-. - Due Diligence Vendor-XXXX Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (XXXX%) equals or exceeds the XXXX HPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (XXXX%).(XXXXFin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #631 and the Final Closing disclosure on Pg #348 reflects escrows. Rate lock date was entered correctly – see Pg #838 An interior and exterior appraisal was completed for this property – see Pg #145-152, the appraisal disclosure was provided to the borrower(s)- see Pg #116 and copy of the appraisal was given to the borrower – see Pg #120 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
Resolved-. - Due Diligence Vendor-XXXX Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (8.549%) equals or exceeds the XXXX HPML threshold of (8.29%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (6.79%).(XXXXFin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #631 and the Final Closing disclosure on Pg #348 reflects escrows. Rate lock date was entered correctly – see Pg #838 An interior and exterior appraisal was completed for this property – see Pg #145-152, the appraisal disclosure was provided to the borrower(s)- see Pg #116 and copy of the appraisal was given to the borrower – see Pg #120 for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX |
XXXX | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||||
| XXXX | 4350115952 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Income/Employment General | Waived-"Exception to use asset depletion income amortized over 60 months vs guideline (XXXX months)." - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Buyer-XXXX Open-• Difference in DTI is due to a calculation difference in the Asset Depletion income. Lender divided the assets by 60 months; audit divided assets by 120 months, as required in guidelines (Program Guidelines V17-02.24.2025-JM, page #6). Asset Depletion income, as calculated by the audit: Account Assets of XXXX Total Assets - XXXX Cash to Close, per the Final CD - $XXXX Balance due monthly, per the XXXX credit report = $XXXX usable assets / 120 months = $XXXX Asset Depletion income. - Due Diligence Vendor-XXXX |
Waived-"Exception to use asset depletion income amortized over 60 months vs guideline (120 months)." - Due Diligence Vendor-XXXX |
XXXX | 1. Low LTV of XXXX%. 2. 12+ months reserves (XXXX months vs 12.00 required). 3. Housing History XXXX+ 4. FICO score of XXXX is above the guideline of 760 by 37 points. |
XXXX | Primary Residence | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXX | 4350115952 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited DTI Exceeds Guideline DTI Requirements | Waived-Exception Provided: "Exception to use asset depletion income amortized over XXXX months vs guideline (120 months)." - Due Diligence Vendor-XXXX Resolved-Audited DTI of XXXX% is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Buyer-XXXX Open-Audited DTI of XXXX% exceeds Guideline DTI of 50% • Difference in DTI is due to a calculation difference in the Asset Depletion income. Lender divided the assets by 60 months; audit divided assets by 120 months, as required in guidelines (Program Guidelines XXXX, page #6). Asset Depletion income, as calculated by the audit: Account Assets of $XXXX Total Assets - $XXXX Cash to Close, per the Final CD - $XXXX Balance due monthly, per the XXXX credit report = $XXXX usable assets / 120 months = $XXXX Asset Depletion income. - Due Diligence Vendor-XXXX |
Waived-Exception Provided: "Exception to use asset depletion income amortized over 60 months vs guideline (120 months)." - Due Diligence Vendor-XXXX Resolved-Audited DTI of XXXX% is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-XXXX |
XXXX | 1. Low LTV of XXXX%. 2. 12+ months reserves (XXXX months vs 12.00 required). 3. Housing History XXXX+ 4. FICO score of XXXX is above the guideline of 760 by 37 points. |
XXXX | Primary Residence | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXX | 4350115953 | XXXX | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Assets | Asset Page Cash Out Does Not Meet Guideline Requirements | Waived-Cash Out Does Not Meet Guideline Requirements Exception is on Page #456: "Exception to allow cash out of $XXXX vs guideline of $XXXX" - Due Diligence Vendor-XXXX |
Waived-Cash Out Does Not Meet Guideline Requirements Exception is on Page #456: "Exception to allow cash out of $XXXX vs guideline of $XXXXk" - Due Diligence Vendor-XXXX |
XXXX | (1) Low DTI: DTI is XXXX%. Maximum allowed per guidelines is 50%. (2) 12+ months reserves: Borrower has XXX months Reserves. Minimum required per guidelines is 8 months. (3) High Discretionary Income: Borrower Total Qualifying Income is $XXXX. (4) Housing history 0 X 30 for 12+ months: Borrower Housing History is 0X30, 12 months. Housing History required per guidelines is 0X30, 12 months. |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes |