COLT SECURITIZATION DEPOSITOR, LLC ABS-15G
Exhibit 99.3
| Exception Grades | |||
| Run Date - 7/16/2025 1:26:28 PM |
| SitusAMC Loan ID | Customer Loan ID | Seller Loan ID | Deal ID | Investor Loan Number | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | 15E Category | Exception | Exception Detail | Exception Information | Compensating Factors | Compensating Factor Information | Applying Party | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Exception Level Grade | DBRS Initial Exception Rating | DBRS Final Exception Rating | Fitch Initial Exception Rating | Fitch Final Exception Rating | Kroll Initial Exception Rating | Kroll Final Exception Rating | Moody's Initial Exception Rating | Moody's Final Exception Rating | S&P Initial Exception Rating | S&P Final Exception Rating | Note Date | Property State | Occupancy | Purpose | Exception Remediation | Overall Initial Loan Grade |
Overall Final Loan Grade |
Credit Initial Loan Grade |
Credit Final Loan Grade |
Compliance Initial Loan Grade |
Compliance Final Loan Grade |
Property Initial Loan Grade |
Property Final Loan Grade |
Originator QM ATR Status | TPR QM ATR Status | Is Curable |
| XXXX | XXXX | XXXX | 4350115216 | XXXX | XXXX | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Reviewer Comment (2025-05-27): Received credit report in trailing docs. Seller Comment (2025-05-22): (Rate Lock) See attached credit report |
XXXX | XXXX | XXXX | 1 | D | A | D | A | D | A | D | A | D | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115216 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception was approved at origination for the property is zoned as a legal non-confirming use within a Commercial District. The property is zoned as legal non-conforming (Commercial District) and the appraisal notes if destroyed and not rebuilt within XXXX year the uses are only what is allowed in CD zoning. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Debt Service Coverage Ratio (XXXX) is greater than the guideline requirement by .XXXX. |
Reserves: XXXX Guideline Requirement: XXXX Debt Service Coverage Ratio: XXXX Guideline Requirement: XXXX |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-19): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115216 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception was approved at origination for comparable Sales #XXXX and #XXXX cited in the appraisal seasoned beyond XXXX months. Comp sale XXXX has a Date of Sale/Time of XXXX and Comp sale XXXX has a Date of Sale/Time ofXXXX. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Debt Service Coverage Ratio (XXXX) is greater than the guideline requirement by .XXXX. |
Reserves: XXXX Guideline Requirement: XXXX Debt Service Coverage Ratio: XXXX Guideline Requirement: XXXX |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-19): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115216 | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Reviewer Comment (2025-05-27): Received credit report in trailing docs. Seller Comment (2025-05-22): (Rate Lock) Sponsor's median FICO score is XXXX - See attached credit report |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115217 | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of XXXX is less than Guideline representative FICO score of XXXX. | As per guidelines minimum FICO is XXXX. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Borrower's Experience/Track Record |
Borrower's Experience/Track Record. The borrower has flipped XXXX properties. | SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-04-20): Lender exception with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115218 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX): Creditor did not provide a copy of each valuation to applicant XXXX (XXXX) business days prior to consummation. | Evidence of borrower's receipt of the appraisal dated XXXX was not provided. | Reviewer Comment (2025-05-14): Lender elects to waive. Seller Comment (2025-05-09): (Rate Lock) accept EV2 as is and wishes to proceed Reviewer Comment (2025-05-07): Delivery document provided however it reflects a sent date which is after the Note date. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | A | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115218 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | XXXX HPML XXXX Non Compliant | XXXX Higher-Priced Mortgage Loan: APR on subject loan of XXXX% or Final Disclosure APR of XXXX% is equal to or greater than the threshold of APOR XXXX% + XXXX%, or XXXX%. Non-Compliant Higher Priced Mortgage Loan. | XXXX Higher-Priced Mortgage Loan: APR on subject loan of XXXX% or Final Disclosure APR of XXXX% is equal to or greater than the threshold of APOR XXXX% + XXXX%, or XXXX%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-06): Appraisal delivery receipt received and updated. Exception cleared |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | A | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115218 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXX): Creditor did not provide a copy of each valuation to applicant XXXX(XXXX) business days prior to consummation. | There are XXXX appraisals for subject property. Evidence of borrower's receipt of both appraisals was not provided. | Reviewer Comment (2025-05-06): Appraisal delivery receipt received and updated. Exception cleared |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | A | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115218 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | XXXX HPML XXXXCompliant | XXXX Higher-Priced Mortgage Loan: APR on subject loan of XXXX% or Final Disclosure APR of XXXX% is equal to or greater than the threshold of APOR XXXX% + XXXX%, or XXXX%. Compliant Higher Priced Mortgage Loan. | Appraisal delivery receipt required for preliminary appraisal | Reviewer Comment (2025-05-15): Client elected to waive |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Primary | Purchase | C | B | A | A | C | B | A | A | XXXX | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115218 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXX): Creditor did not provide a copy of revised valuation to applicant XXXXXXXX business days prior to consummation. | Appraisal delivery receipt required for preliminary appraisal | Reviewer Comment (2025-05-14): Lender elects to waive. Seller Comment (2025-05-09): (Rate Lock) accept EV2 as is and wishes to proceed |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | A | A | C | B | A | A | XXXX | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115219 | XXXX | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $XXXXis less than Cash from Borrower $XXXX. | Reviewer Comment (2025-05-12): Borrower is getting cash out of $ XXXX on property XXXX XXXX. Exception Cleared. Seller Comment (2025-05-09): (Rate Lock) HUD from con-current file that borrower is getting back $XXXXk on to use towards these reserves |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115219 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX. | Reviewer Comment (2025-05-12): Borrower is getting cash out of $ XXXX on property XXXX XXXX. Exception Cleared. Seller Comment (2025-05-09): (Rate Lock) HUD from con-current file that borrower is getting back $XXXXk on to use towards these reserves |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115220 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX) discrepancy. | Calculated Debt Service Coverage Ratio (Subject XXXX) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved exception for XXXX less that XXXX with comp factor LTV less than XXXX% and Sufficient reserves plus XXXX months more than guidelines minimum. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. | Reserves: XXXX Guideline Requirement: XXXX |
Originator,SitusAMC | Reviewer Comment (2025-06-05): Lender exception with comp factor. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115221 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to allow XXXX. | The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. |
Guidelines Representative FICO: XXXX Representative FICO: XXXX Reserves: XXXX Guideline Requirement: XXXX |
Originator,SitusAMC SitusAMC,Originator |
Reviewer Comment (2025-04-29): Per client, downgrade and waive using comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115227 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Guidelines max LTV XXXX % for borrower living rent free. | The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower has verified disposable income of at least $XXXX. |
DTI: XXXX% Guideline Maximum DTI: XXXX% Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-02): Lender exception with comp factors. Seller Comment (2025-06-02): (Rate Lock) Please see updated exception |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115227 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | Guidelines max CLTV XXXX % for borrower living rent free. | Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower has verified disposable income of at least $XXXX. |
Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. DTI: XXXX% Guideline Maximum DTI: XXXX% Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-02): Lender exception with comp factors. Seller Comment (2025-06-02): (Rate Lock) Please see updated exception |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115227 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for gift funds that exceeds XXXX % of the purchase price. | Borrower has verified disposable income of at least $XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. DTI: XXXX% Guideline Maximum DTI: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-12): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115228 | XXXX | XXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | Reviewer Comment (2025-06-30): Offset provided for bona fide discount points based on client approval to lower to a ratio of XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115228 | XXXX | XXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees) | Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees. | Reviewer Comment (2025-06-30): Offset provided for bona fide discount points based on client approval to lower to a ratio of XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115228 | XXXX | XXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) | Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of XXXX% of the amount past due or grace period of less than XXXX days. | Mortgage loan contains a late charge of XXXX % that exceeds XXXX% which is the maximum allowable. | Reviewer Comment (2025-06-30): Offset provided for bona fide discount points based on client approval to lower to a ratio of XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115228 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of XXXX% is in excess of the allowable maximum of XXXX% of the XXXX Total Loan Amount. Points and Fees of $XXXX on a XXXX Total Loan Amount of $XXXX vs. an allowable total of $XXXX (an overage of $XXXXor .XXXX%). Non-Compliant High Cost Loan. | Reviewer Comment (2025-06-30): Offset provided for bona fide discount points based on client approval to lower to a ratio of XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. | C | A | C | A | C | A | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115228 | XXXX | XXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | Evidence of borrower's receipt of pre-loan counseling was not provided. | Reviewer Comment (2025-06-30): Offset provided for bona fide discount points based on client approval to lower to a ratio of XXXX Reviewer Comment (2025-05-23): The loan does not meet the XXXX ratio to consider the discount points bona fide and excludable. The calculation follows: Undiscounted Starting Rate - XXXX Note Rate - XXXX Loan Discounts - XXXX Undiscounted Starting Rate Price - (-XXXX) XXXX- XXXX= XXXX XXXX- -XXXX= XXXX XXXX/ XXXX= XXXX Since the XXXX ratio is less than the client deal setting ratio of XXXX, the discount points are not considered bona fide and therefore not able to be excluded. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115228 | XXXX | XXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (ATR - Income: Schedule C) | XXXX High-Cost Mortgage (Closed-end ATR): Unable to verify Sole Proprietorship income using reasonably reliable XXXX -party records. | Loan file is missing borrower's P&L and XXXX Tax returns. *****UPDATE XXXX- Please provide all Rate Locks and any extensions of the lock or ReLocks. | Reviewer Comment (2025-06-30): Offset provided for bona fide discount points based on client approval to lower to a ratio of XXXX Reviewer Comment (2025-05-23): The loan does not meet the XXXX ratio to consider the discount points bona fide and excludable. The calculation follows: Undiscounted Starting Rate - XXXX Note Rate - XXXX Loan Discounts - XXXX Undiscounted Starting Rate Price - (-XXXX) XXXX- XXXX= XXXX XXXX- -XXXX= XXXX XXXX/ XXXX= XXXX Since the XXXX ratio is less than the client deal setting ratio of XXXX, the discount points are not considered bona fide and therefore not able to be excluded. Reviewer Comment (2025-05-16): Please provide all Rate Locks and any extensions of the lock or ReLocks. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115228 | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost) Texas High-Cost Loan (Points and Fees) | XXXXAnti-Predatory Lending Statute: Points and Fees on subject loan of XXXX% is in excess of the allowable maximum of XXXX% of the Total Loan Amount. Points and Fees total $XXXXon a Total Loan Amount of $XXXX vs. an allowable total of $XXXX (an overage of $XXXXor .XXXX%). Compliant High Cost Loan. | Reviewer Comment (2025-06-30): Offset provided for bona fide discount points based on client approval to lower to a ratio of XXXX Reviewer Comment (2025-05-23): The loan does not meet the XXXX ratio to consider the discount points bona fide and excludable. The calculation follows: Undiscounted Starting Rate - XXXX Note Rate - XXXX Loan Discounts - XXXX Undiscounted Starting Rate Price - (-XXXX) XXXX- XXXX= XXXX XXXX- -XXXX= XXXX XXXX/ XXXX= XXXX Since the XXXX ratio is less than the client deal setting ratio of XXXX, the discount points are not considered bona fide and therefore not able to be excluded. Reviewer Comment (2025-05-16): Please provide all Rate Locks and any extensions of the lock or ReLocks. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | No obvious cure | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115228 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | XXXX month housing history required. Loan file only contains XXXXand XXXXXXXX. Please provide evidence evidence of rental payment history. | Reviewer Comment (2025-05-14): Cleared. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115230 | XXXX | XXXX | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | There are open Tax liens that are unpaid on the title. | Reviewer Comment (2025-06-03): Final marked up title with XXXX affidavit provided. Cleared. Seller Comment (2025-05-29): (Rate Lock) Final title policy is not yet available - title provided a marked up title commitment in the meantime - see attached email communication and marked up commitment Reviewer Comment (2025-05-23): Please provide final title showing the liens and exceptions on title have been removed. Seller Comment (2025-05-22): (Rate Lock) Please see attached affidavit signed at closing that the borrower is not the same person listed on those liens |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | XXXX | No | |||||||||
| XXXX | XXXX | XXXX | 4350115230 | XXXX | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title search shows negative impact on title. | There are open Tax liens that are unpaid on the title. | Reviewer Comment (2025-06-03): Final marked up title with XXXX affidavit provided. Cleared. Seller Comment (2025-05-29): (Rate Lock) Final title policy is not yet available - title provided a marked up title commitment in the meantime - see attached email communication and marked up commitment Reviewer Comment (2025-05-23): Please provide final title showing the liens and exceptions on title have been removed. Seller Comment (2025-05-22): (Rate Lock) Please see attached affidavit signed at closing that the borrower is not the same person listed on those liens |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115231 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for Property being listed for sale after borrower did renovations to property but then chose to use it as a rental. Removed listing XXXX and it is now listed for rent online. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-06): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115232 | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Reviewer Comment (2025-06-09): Received replacement coverage with XXXX% insurable value, Exception cleared. Reviewer Comment (2025-06-06): No documentation provided. Exception remains. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115232 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on XXXX , prior to XXXX)XXXX) business days from transaction date of XXXX. | Reviewer Comment (2025-06-12): XXXX received evidence of accurate material disclosures received on XXXX. Seller Comment (2025-06-10): (Rate Lock) This was not a product change, nor did the APR go up XXXXth it remains the same so it would not require open recession. There was a CD wet signed XXXX. The corrected CD was signed XXXX Reviewer Comment (2025-06-06): Updated CD issued XXXX was signed by the borrower XXXX which makes XXXX the transaction date. Seller Comment (2025-06-05): (Rate Lock) borrower and all docs signed XXXX making the earliest funding date XXXX with the holiday XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | C | A | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115232 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | Reviewer Comment (2025-06-12): XXXX received evidence of accurate material disclosures received on XXXX. Seller Comment (2025-06-10): (Rate Lock) This was not a product change, nor did the APR go up XXXXth it remains the same so it would not require open recession. There was a CD wet signed XXXX. The corrected CD was signed XXXX Reviewer Comment (2025-06-06): Updated CD issued XXXX was signed by the borrower XXXX which makes XXXX the transaction date. Seller Comment (2025-06-05): (Rate Lock) borrower and all docs signed XXXX making the earliest funding date XXXX with the holiday XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | C | A | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115232 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Loan Originator Compensation. Fee Amount of $XXXXexceeds tolerance of $XXXX. Insufficient or no cure was provided to the borrower. | Loan Originator Compensation fee in the amount of $XXXXexceeds tolerance of $XXXX. Insufficient or no cure was provided to the borrower at closing. No valid COC provided. | Reviewer Comment (2025-06-09): XXXX received email from LO for change in compensation. Reviewer Comment (2025-06-06): XXXX received Changed Circumstance dated XXXX, but it does not give sufficient information on why the compensation changed to borrower paid as overall sec XXXX charges increased. In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115233 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | LTV of XXXX% LTV exceeds maximum of XXXX% for qualified FICO and exceeds XXXX% for a non permanent XXXX. | Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower has verified disposable income of at least $XXXX. |
Borrower has worked in the same position for more than XXXX years. | Originator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-16): Lender exceptions with comp factors. Seller Comment (2025-05-14): (Rate Lock) Exception provided Reviewer Comment (2025-04-28): Lender exception does not address LTV restriction for a non permanent resident alien at XXXX%. |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115233 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | CLTV of XXXX% LTV exceeds maximum of XXXX% for qualified FICO and exceeds XXXX% for a non permanent resident alien. | Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower has verified disposable income of at least $XXXX. |
Borrower has worked in the same position for more than XXXX years. | Originator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-16): Lender exceptions with comp factors. Seller Comment (2025-05-14): (Rate Lock) Exception provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115233 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Reviewer Comment (2025-05-16): Lender accepts application in file. Reviewer Comment (2025-05-02): Provided document is not acceptable. Require complete set of final 1003 document. Exception remains Seller Comment (2025-05-01): (Rate Lock) provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115233 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower is a XXXX and the provided VIsa will expire within XXXX months of closing. Guidelines require additional documentation for proper extension which was not provided in file. | Reviewer Comment (2025-07-03): Received proof of renewal in trailing docs. Seller Comment (2025-07-01): (Rate Lock) Renewal and proof cased was received provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115233 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Borrower is a XXXX and guidelines require XXXX month bank statements and borrower was qualified with XXXX months. | Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower has verified disposable income of at least $XXXX. |
Borrower has worked in the same position for more than XXXX years. | Originator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-16): Lender exceptions with comp factors. Seller Comment (2025-05-14): (Rate Lock) Exception provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115234 | XXXX | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXX or XXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-27): Lender elects to waive. Seller Comment (2025-05-22): (Rate Lock) Lender accepts the XXXX and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115234 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Rent controlled property that requires a XXXX ofXXXX. Subject loan has a XXXX of XXXX. | Borrower has owned the subject property for at least XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. |
Guidelines Representative FICO: XXXX Representative FICO: XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% |
SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-15): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115235 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: XXXX Disaster Declaration Date: XXXX |
Reviewer Comment (2025-06-11): A disaster end date has not been declared yet. PDI was provided to prove there was no damage done to the property. Seller Comment (2025-06-09): (Rate Lock) PDI provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115235 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | LTV of XXXX% exceeds the guideline max of XXXX%. | The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXXxXXXXxXXXX or better. |
Originator,SitusAMC Originator |
Reviewer Comment (2025-05-14): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115235 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | LTV of XXXX% exceeds the guideline max of XXXX%. | The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXXxXXXXxXXXX or better. |
Originator,SitusAMC Originator |
Reviewer Comment (2025-05-14): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115239 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for XXXX instead of the XXXX acre required for A-XXXX Agricultural zoning. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. Property damage is minor or non-material. Miscellaneous |
Property is a new build and in excellent condition. Borrower has a strong XXXX. |
SitusAMC SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-05-28): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115240 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | HUD-1 total cash-out of XXXX is greater than Guideline total cash-out of XXXX. | Lender approved an exception for cash out over $XXXX. | Borrower has verified disposable income of at least $XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-19): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115241 | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | File is missing access letter from business partner allowing use of business funds and CPA letter is not dated. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Borrower has verified disposable income of at least $XXXX. Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. |
SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-02): Lender Exception with Compensating Factors provided. Seller Comment (2025-06-02): (Rate Lock) Exception provided for letter Seller Comment (2025-05-30): (Rate Lock) Docs provided for CPA letter and operating agreement Reviewer Comment (2025-05-29): Letter dated post close. Pre-close documentation required. Seller Comment (2025-05-29): (Rate Lock) proof the CPA letter was provided prior to closing provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115241 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation discrepancy due to assets documentation requirement and reserves requirement not met. | Reviewer Comment (2025-06-06): Received CPA letter and Lender exceptions in trailing docs. Seller Comment (2025-06-04): (Rate Lock) Exception for reserves provided Reviewer Comment (2025-06-02): Missing date CPA letter was provided. Reserve requirement not met. Post dated letter from business co owner provided. Lender exception for being post close. Lender Exception with Compensating Factors provided. Seller Comment (2025-06-02): (Rate Lock) Exception provided for letter Seller Comment (2025-05-30): (Rate Lock) Docs provided for CPA letter and operating agreement Reviewer Comment (2025-05-29): Letter dated post close. Pre-close documentation required. Print out for receipt of CPA letter does not show the full screen showing it is associate with the subject transaction. Seller Comment (2025-05-28): (Rate Lock) Access letter provided |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115241 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank XXXX): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Loan is waterfalling due to assets documentation requirement and reserves requirement not met. | Reviewer Comment (2025-06-06): Received CPA letter and Lender exceptions in trailing docs. Seller Comment (2025-06-04): (Rate Lock) Exception for reserves provided Reviewer Comment (2025-06-02): Missing date CPA letter was provided. Reserve requirement not met. Post dated letter from business co owner provided. Lender exception for being post close. Lender Exception with Compensating Factors provided. Seller Comment (2025-06-02): (Rate Lock) Exception provided for letter Seller Comment (2025-05-30): (Rate Lock) Docs provided for CPA letter and operating agreement Reviewer Comment (2025-05-29): Letter dated post close. Pre-close documentation required. Print out for receipt of CPA letter does not show the full screen showing it is associate with the subject transaction. Seller Comment (2025-05-28): (Rate Lock) Access letter provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115241 | XXXX | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | File is missing access letter from business partner allowing use of business funds, a signed operating agreement showing the percentage of ownership guarantor has. | Reviewer Comment (2025-06-06): Received CPA letter and Lender exceptions in trailing docs. Seller Comment (2025-06-04): (Rate Lock) Exception for reserves provided Reviewer Comment (2025-06-02): Missing date CPA letter was provided. Reserve requirement not met. Post dated letter from business co owner provided. Lender exception for being post close. Lender Exception with Compensating Factors provided. Seller Comment (2025-06-02): (Rate Lock) Exception provided for letter Seller Comment (2025-05-30): (Rate Lock) Docs provided for CPA letter and operating agreement Reviewer Comment (2025-05-29): Letter dated post close. Pre-close documentation required. Executed Operating Agreement not provided. Reviewer Comment (2025-05-29): Received post dated Evidence of Access to Funds. Exception Remains. Seller Comment (2025-05-28): (Rate Lock) Access letter provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115241 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX. Guidelines limit use of business assets to borrower's ownership percentage in business entity which is XXXX%. | Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower has verified disposable income of at least $XXXX. |
Lender Exception with Compensating Factors provided. Lender Exception with Compensating Factors provided. Borrower has verified disposable income of at least $XXXX. |
SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-06): Lender exceptions with comp factors. Seller Comment (2025-06-04): (Rate Lock) Exception for reserves provided Reviewer Comment (2025-06-03): Per guidelines- The amount of business assets that may be utilized is limited to the borrower's ownership percentage in the business (unless XXXX % of ownership is held between the borrower and their spouse). Seller Comment (2025-06-03): (Rate Lock) Equal access letter provided results in enough reserves. Reviewer Comment (2025-06-02): Missing date CPA letter was provided. Reserve requirement not met. Post dated letter from business co owner provided. Lender exception for being post close. Lender Exception with Compensating Factors provided. Seller Comment (2025-06-02): (Rate Lock) Exception provided for letter Seller Comment (2025-05-30): (Rate Lock) Docs provided for CPA letter and operating agreement Reviewer Comment (2025-05-29): Received post dated Evidence of Access to Funds. Exception Remains. Seller Comment (2025-05-28): (Rate Lock) Access letter provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115241 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX): Based on the loan failing XXXX or more guideline components, the loan is at ATR risk. | Loan is waterfalling due to assets documentation requirement and reserves requirement not met. | Reviewer Comment (2025-06-06): Received CPA letter and Lender exceptions in trailing docs. Seller Comment (2025-06-04): (Rate Lock) Exception for reserves provided Reviewer Comment (2025-06-02): Missing date CPA letter was provided. Reserve requirement not met. Post dated letter from business co owner provided. Lender exception for being post close. Lender Exception with Compensating Factors provided. Seller Comment (2025-06-02): (Rate Lock) Exception provided for letter Seller Comment (2025-05-30): (Rate Lock) Docs provided for CPA letter and operating agreement Reviewer Comment (2025-05-29): Letter dated post close. Pre-close documentation required. Executed Operating Agreement not provided. Print out for receipt of CPA letter does not show the full screen showing it is associate with the subject transaction. Seller Comment (2025-05-28): (Rate Lock) Access letter provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115242 | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | The loan file does not document the ownership percentage of the borrower in the XXXX and XXXX, and is missing cash flow analysis/CPA letter indicating withdrawal of funds from business bank accounts will not negatively impact the business. | Reviewer Comment (2025-06-02): Received CPA letter in trailing docs. Reviewer Comment (2025-05-30): The CPA letter stated specific bank accounts that would not be negatively impacted by the use of funds but account #XXXX is not mentioned on CPA letter. Evidence of Access to Funds or supportive document is still required to use in asset for Business Account#XXXX. Exception Remains. Seller Comment (2025-05-28): (Rate Lock) XXXX XXXX is a business account for XXXX Co, which is a different business than XXXX LLC (the business income is being qualified from). The CPA letter verifies that the borrower is XXXX% owner of XXXX Co, which should be sufficient since we are not using income from this business for qualifying. Reviewer Comment (2025-05-27): Page XXXX is closing disclosure and not cash flow analysis and we are still missing with Evidence of Access to Funds for business bank account #XXXX indicating withdrawal of funds from business bank accounts will not have negative impact on the business. Exception remains Seller Comment (2025-05-23): (Rate Lock) Page XXXX it is the?cash?flow?analysis?statement with an avg deposit.? Reviewer Comment (2025-05-15): CPA letter provided however still missing with Evidence of Access to Funds for business bank account #XXXX indicating withdrawal of funds from business bank accounts will not have negative impact on the business. Exception remains Seller Comment (2025-05-14): (Rate Lock) CPA letter provided verifying this info |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115242 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The loan file does not document the ownership percentage of the borrower in the XXXX. | Reviewer Comment (2025-05-15): CPA letter provided and associated. Exception cleared Seller Comment (2025-05-14): (Rate Lock) CPA letter provided verifying this info |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115242 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan Designation discrepancy due to missing document to evidence ownership percentage of the borrower in the XXXX and XXXX, and is missing cash flow analysis/CPA letter indicating withdrawal of funds from business bank accounts will not negatively impact the business. | Reviewer Comment (2025-06-02): Received CPA letter in trailing docs. Seller Comment (2025-05-30): (Rate Lock) This is say its not addressed in our guidelines, as its not business income being considered so we defer to XXXX per guides and this is not required. we did confirm the borrower owns XXXX% so no access letter needed. Seller Comment (2025-05-28): (Rate Lock) XXXX XXXX is a business account for XXXX Co, which is a different business than XXXX LLC (the business income is being qualified from). The CPA letter verifies that the borrower is XXXX% owner of XXXX Co, which should be sufficient since we are not using income from this business for qualifying. Reviewer Comment (2025-05-27): Page XXXX is closing disclosure and not cash flow analysis and we are still missing with Evidence of Access to Funds for business bank account #XXXX indicating withdrawal of funds from business bank accounts will not have negative impact on the business. Exception remains Seller Comment (2025-05-23): (Rate Lock) Page XXXX it is the?cash?flow?analysis?statement with an avg deposit.? Reviewer Comment (2025-05-15): CPA letter provided however still missing with Evidence of Access to Funds for business bank account #XXXX indicating withdrawal of funds from business bank accounts will not have negative impact on the business. Exception remains Seller Comment (2025-05-14): (Rate Lock) CPA letter provided verifying this info |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115242 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank XXXX ): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to missing document to evidence ownership percentage of the borrower in the XXXX and XXXX, and is missing cash flow analysis/CPA letter indicating withdrawal of funds from business bank accounts will not negatively impact the business. | Reviewer Comment (2025-06-02): Received CPA letter in trailing docs. Seller Comment (2025-05-30): (Rate Lock) This is say its not addressed in our guidelines, as its not business income being considered so we defer to XXXX per guides and this is not required. we did confirm the borrower owns XXXX% so no access letter needed. Seller Comment (2025-05-28): (Rate Lock) XXXX XXXX is a business account for XXXX Co, which is a different business than XXXX LLC (the business income is being qualified from). The CPA letter verifies that the borrower is XXXX% owner of XXXX Co, which should be sufficient since we are not using income from this business for qualifying. Reviewer Comment (2025-05-27): Page XXXX is closing disclosure and not cash flow analysis and we are still missing with Evidence of Access to Funds for business bank account #XXXX indicating withdrawal of funds from business bank accounts will not have negative impact on the business. Exception remains Seller Comment (2025-05-23): (Rate Lock) Page XXXX it is the?cash?flow?analysis?statement with an avg deposit.? Reviewer Comment (2025-05-15): CPA letter provided however still missing with Evidence of Access to Funds for business bank account #XXXX indicating withdrawal of funds from business bank accounts will not have negative impact on the business. Exception remains Seller Comment (2025-05-14): (Rate Lock) CPA letter provided verifying this info |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115242 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to missing document to evidence ownership percentage of the borrower in the XXXX and XXXX, and is missing cash flow analysis/CPA letter indicating withdrawal of funds from business bank accounts will not negatively impact the business. | Reviewer Comment (2025-06-02): Received CPA letter in trailing docs. Seller Comment (2025-05-30): (Rate Lock) This is say its not addressed in our guidelines, as its not business income being considered so we defer to XXXX per guides and this is not required. we did confirm the borrower owns XXXX% so no access letter needed. Seller Comment (2025-05-28): (Rate Lock) XXXX XXXX is a business account for XXXX Co, which is a different business than XXXX LLC (the business income is being qualified from). The CPA letter verifies that the borrower is XXXX% owner of XXXX Co, which should be sufficient since we are not using income from this business for qualifying. Reviewer Comment (2025-05-27): Page XXXX is closing disclosure and not cash flow analysis and we are still missing with Evidence of Access to Funds for business bank account #XXXX indicating withdrawal of funds from business bank accounts will not have negative impact on the business. Exception remains Seller Comment (2025-05-23): (Rate Lock) Page XXXX it is the?cash?flow?analysis?statement with an avg deposit.? Reviewer Comment (2025-05-15): CPA letter provided however still missing with Evidence of Access to Funds for business bank account #XXXX indicating withdrawal of funds from business bank accounts will not have negative impact on the business. Exception remains Seller Comment (2025-05-14): (Rate Lock) CPA letter provided verifying this info |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115242 | XXXX | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | The loan file does not document the ownership percentage of the borrower in the XXXX and XXXX, and is missing cash flow analysis/CPA letter indicating withdrawal of funds from business bank accounts will not negatively impact the business. | Reviewer Comment (2025-06-02): Received CPA letter in trailing docs. Seller Comment (2025-05-30): (Rate Lock) This is say its not addressed in our guidelines, as its not business income being considered so we defer to XXXX per guides and this is not required. we did confirm the borrower owns XXXX% so no access letter needed. Reviewer Comment (2025-05-30): The CPA letter stated specific bank accounts that would not be negatively impacted by the use of funds but account #XXXX is not mentioned on CPA letter. Evidence of Access to Funds or supportive document is still required to use in asset for Business Account#XXXX. Exception Remains. Seller Comment (2025-05-28): (Rate Lock) XXXX XXXX is a business account for XXXX Co, which is a different business than XXXX LLC (the business income is being qualified from). The CPA letter verifies that the borrower is XXXX% owner of XXXX Co, which should be sufficient since we are not using income from this business for qualifying. Reviewer Comment (2025-05-27): Page XXXX is closing disclosure and not cash flow analysis and we are still missing with Evidence of Access to Funds for business bank account #XXXX indicating withdrawal of funds from business bank accounts will not have negative impact on the business. Exception remains Seller Comment (2025-05-23): (Rate Lock) Page XXXX it is the?cash?flow?analysis?statement with an avg deposit.? Reviewer Comment (2025-05-15): CPA letter provided however still missing with Evidence of Access to Funds for business bank account #XXXX indicating withdrawal of funds from business bank accounts will not have negative impact on the business. Exception remains Seller Comment (2025-05-14): (Rate Lock) CPA letter provided verifying this info |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115242 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The loan file does not document the ownership percentage of the borrower in the XXXX. | Reviewer Comment (2025-05-15): CPA provided and associated. Exception cleared Seller Comment (2025-05-14): (Rate Lock) CPA letter provided verifying this info |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115242 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank XXXX): There are guideline deficiencies which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Please provide evidence the company has been in business XXXX years. The starting date for XXXX is not evidenced in the file and XXXX has only been active since XXXX, per the filing documentation provided. | Reviewer Comment (2025-06-11): Received articles of organization showing employment start dates in trailing docs. Seller Comment (2025-06-08): (Rate Lock) Amended articles showing the business has been around since XXXX Reviewer Comment (2025-06-06): Per Compliance, valid employment exception as Guideline requirements were not met prior to closing. |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115245 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | HOA with outstanding critical repairs (see engineer report). HOA has not obtained any bids for the repairs as of yet. Repairs have not been started. Provide additional compelling compensating factors for consideration of downgrading/waiving exception. | The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
FICO XXXX vs min XXXX Housing History XXXX months XXXXxXXXX |
Originator,SitusAMC Originator |
Reviewer Comment (2025-05-23): Lender exceptions with comp factors. Seller Comment (2025-05-22): Our investor approved the condo exception knowing the HOA did not have the amounts of the repair work and that repairs have not been started. The HOA advised to our staff that the repairs were just bid out and they had not yet chosen a contractor. The engineer report dated XXXX stated within that report that "The exterior envelop repairs need to be specified, competitively bid to appropriate exterior contractors, and work initiated within the next XXXX months" and "The necessary waterproofing work must be specified, competitively bid to appropriate exterior contractors, and work initiated within the next XXXX months." No other repairs had a timeline specified. Since the HOA had obtained the bids and were in process of selecting a contractor, it's clear they were following the engineer's recommendations. Additionally, the engineer provided a letter stating the building is structurally sound and may remain fully occupied. Our investor accepted the compensating factors provided but what's clearly compelling is the XXXX% reserves allocation vs min XXXX% and current reserves of $ XXXX. It's clear the HOA has started the process and has intention/resources to complete the repairs. Additionally, XXXX guidelines do not require bids or for the repairs to be started and we approve non-warrantable condo exceptions for critical repairs on a case by case basis at our discretion and our investors' discretion. Seller Comment (2025-05-22): attached Seller Comment (2025-05-22): they knew we did have bids and repairs not started. We got verbal information after submitting that the HOA did have bids but hadn't selected the contractor. |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115245 | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Minimum XXXX-month period of bank statement is required. XXXX month period Bank statement for account #XXXX was provided. | Reviewer Comment (2025-06-17): Received the wire receipt in trailing docs. Seller Comment (2025-06-13): ATTACHED Reviewer Comment (2025-06-04): The wire receipt from the settlement agent is missing from the loan file to meet Guidelines below. We only have a gift letter and the wire transaction from XXXX from the donor for the $XXXX. XXXXmonth bank statement not required. Reviewer Comment (2025-05-23): Bank statement provided is the same included in the original file upload. XXXX month bank statement for XXXX ending in XXXX is still required. Seller Comment (2025-05-21): attached |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115247 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved an exception for DSCR less than XXXX. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous |
Housing payment history is XXXXxXXXXxXXXX or better | SitusAMC Originator |
Reviewer Comment (2025-06-05): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115250 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved an exception for DSCR less than XXXX. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator Originator,SitusAMC |
Reviewer Comment (2025-06-03): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115252 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX): Creditor did not provide a copy of each valuation to applicant XXXX (XXXX) business days prior to consummation. | File is missing evidence valuation was received by borrower at least XXXX business days prior to closing. | Reviewer Comment (2025-06-06): Received proof of appraisal delivery in trailing docs. |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Investment | Refinance - Rate/Term | B | A | A | A | B | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115254 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | File is missing XXXX months housing history required by guidelines. Borrower at current address for XXXX months, missing letter for verification of living rent free for previous address. | Reviewer Comment (2025-06-20): Exception cleared. Received Letter of Explanation and updated correctly. Seller Comment (2025-06-18): (Rate Lock) LOE provided Reviewer Comment (2025-05-30): CF states there are no mortgage lates in the last XXXX months, but the credit only shows XXXX months of mortgage history. The 1003 shows living rent free prior to the purchase of a primary XXXX mon prior. Living rent free plus XXXX mon on credit cannot be considered as XXXX months goof mortgage history. Provide any additional mortgage history being referenced in the XXXX . Seller Comment (2025-05-30): (Rate Lock) States good 'credit' history. Reviewer Comment (2025-05-29): Correction in Comp Factors as the exception for housing history and CF states good housing history. Seller Comment (2025-05-27): (Rate Lock) Exception provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115257 | XXXX | XXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (Notice to Assignee) | Truth in Lending Act (HOEPA): Required Statement was not provided to purchaser or assignee for loan that was sold or assigned. (Note: This notice only applies when selling or assigning a HOEPA loan and may not be found in the file for loans that have not been previously sold) | Required Statement was not provided to purchaser or assignee for loan that was sold or assigned. (Note: This notice only applies when selling or assigning a HOEPA loan and may not be found in the file for loans that have not been previously sold) | Reviewer Comment (2025-06-30): Client agreed to discount point ratio of XXXX which allows XXXX discount points to be excluded. Manual offset provided and loan is no longer high cost. Reviewer Comment (2025-05-27): XXXX points and fees testing is not excluding loan discounts from the HOEPA P&F test based on the rate reduction ratio not meeting the XXXXstandard under client deal settings. Calculation: Undiscounted Starting Rate - XXXX, Note Rate - XXXX, Loan Discounts - XXXX, Undiscounted Starting Rate Price - XXXX. XXXX does not meet XXXX deal setting (XXXX) for discount point standard ratio for exclusion. Based on this definition, XXXXas a TPR uses XXXX% as the "established industry practice" by default. While the XXXX% threshold test is used by XXXX as the default, this amount can be adjusted by the client to any reasonable level to meet their own risk tolerance. XXXX implemented the default approach of using XXXX to have a reasonable threshold in place to meet the requirement in the definition to reduce the rate consistent with "established industry practices". The XXXXwas determined based on (1) prior GSE guidance of a XXXXratio for exclusion consideration, (understanding this has subsequently been removed and the GSE's do not currently offer guidance for this purpose); (2) the example in the commentary that references the consideration of a XXXXratio; and (3) states that require a specific ratio in their exclusion considerations, (including XXXX, that require a XXXXratio with XXXX requiring a XXXX year recoupment that is essentially a XXXXratio. In the event the XXXX wishes to lower their threshold to XXXX, that may be an option to consider the discount points as bona fide. Seller Comment (2025-05-22): (Rate Lock) Loan is passing high cost. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | A | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115257 | XXXX | XXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | HOEPA disclosure was not provided to the Borrower | Reviewer Comment (2025-06-30): Client agreed to discount point ratio of XXXX which allows XXXX discount points to be excluded. Manual offset provided and loan is no longer high cost. Reviewer Comment (2025-05-27): XXXXpoints and fees testing is not excluding loan discounts from the HOEPA P&F test based on the rate reduction ratio not meeting the XXXXstandard under client deal settings. Calculation: Undiscounted Starting Rate - XXXX, Note Rate - XXXX, Loan Discounts - XXXX, Undiscounted Starting Rate Price - XXXX. XXXX does not meet XXXX deal setting (XXXX ) for discount point standard ratio for exclusion. Based on this definition, XXXXas a TPR uses XXXX% as the "established industry practice" by default. While the XXXX% threshold test is used by XXXXas the default, this amount can be adjusted by the client to any reasonable level to meet their own risk tolerance. XXXXimplemented the default approach of using XXXXto have a reasonable threshold in place to meet the requirement in the definition to reduce the rate consistent with "established industry practices". The XXXXwas determined based on (1) prior GSE guidance of a XXXXratio for exclusion consideration, (understanding this has subsequently been removed and the GSE's do not currently offer guidance for this purpose); (2) the example in the commentary that references the consideration of a XXXXratio; and (3) states that require a specific ratio in their exclusion considerations, (includingXXXX), that require a XXXXratio with XXXX requiring a XXXX year recoupment that is essentially a XXXXratio. In the event the XXXX wishes to lower their threshold to XXXX, that may be an option to consider the discount points as bona fide. Seller Comment (2025-05-22): (Rate Lock) Loan is passing high cost. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | A | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115257 | XXXX | XXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees) | Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees. | Mortgage loan financed Points and Fees. | Reviewer Comment (2025-06-30): Client agreed to discount point ratio of XXXX which allows XXXX discount points to be excluded. Manual offset provided and loan is no longer high cost. Reviewer Comment (2025-05-27): XXXX points and fees testing is not excluding loan discounts from the HOEPA P&F test based on the rate reduction ratio not meeting the XXXXstandard under client deal settings. Calculation: Undiscounted Starting Rate - XXXX, Note Rate - XXXX, Loan Discounts - XXXX, Undiscounted Starting Rate Price - XXXX. XXXX does not meetXXXX deal setting (XXXX) for discount point standard ratio for exclusion. Based on this definition, XXXX as a TPR uses XXXX% as the "established industry practice" by default. While the XXXX% threshold test is used by XXXX as the default, this amount can be adjusted by the client to any reasonable level to meet their own risk tolerance. XXXXimplemented the default approach of using XXXXto have a reasonable threshold in place to meet the requirement in the definition to reduce the rate consistent with "established industry practices". The XXXXwas determined based on (1) prior GSE guidance of a XXXXratio for exclusion consideration, (understanding this has subsequently been removed and the GSE's do not currently offer guidance for this purpose); (2) the example in the commentary that references the consideration of a XXXXratio; and (3) states that require a specific ratio in their exclusion considerations, (including XXXX, that require a XXXXratio with XXXX requiring a XXXX year recoupment that is essentially a XXXXratio. In the event the XXXX wishes to lower their threshold to XXXX, that may be an option to consider the discount points as bona fide. Seller Comment (2025-05-22): (Rate Lock) Loan is passing high cost. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | A | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115257 | XXXX | XXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) | Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of XXXX % of the amount past due or grace period of less than XXXX days. | Mortgage loan contains a late charge that exceeds the greater of XXXX% of the amount past due or grace period of less than XXXX days. | Reviewer Comment (2025-06-30): Client agreed to discount point ratio of XXXX which allows XXXX discount points to be excluded. Manual offset provided and loan is no longer high cost. Reviewer Comment (2025-05-27): XXXX points and fees testing is not excluding loan discounts from the HOEPA P&F test based on the rate reduction ratio not meeting the XXXX standard under client deal settings. Calculation: Undiscounted Starting Rate - XXXX , Note Rate - XXXX , Loan Discounts - XXXX , Undiscounted Starting Rate Price - XXXX . XXXX does not meet XXXX deal setting (XXXX ) for discount point standard ratio for exclusion. Based on this definition, XXXX as a TPR uses XXXX % as the "established industry practice" by default. While the XXXX % threshold test is used by XXXX as the default, this amount can be adjusted by the client to any reasonable level to meet their own risk tolerance. XXXX implemented the default approach of using XXXX to have a reasonable threshold in place to meet the requirement in the definition to reduce the rate consistent with "established industry practices". The XXXX was determined based on (1) prior GSE guidance of a XXXX ratio for exclusion consideration, (understanding this has subsequently been removed and the GSE's do not currently offer guidance for this purpose); (2) the example in the commentary that references the consideration of a XXXX ratio; and (3) states that require a specific ratio in their exclusion considerations, (including XXXX ), that require a XXXX ratio with XXXX requiring a XXXX year recoupment that is essentially a XXXX ratio. In the event the XXXX wishes to lower their threshold to XXXX , that may be an option to consider the discount points as bona fide. Seller Comment (2025-05-22): (Rate Lock) Loan is passing high cost. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | A | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115257 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of XXXX% is in excess of the allowable maximum of XXXX% of the XXXX Total Loan Amount. Points and Fees of $XXXX on a XXXX Total Loan Amount of $XXXX vs. an allowable total of $v\XXXX(an overage of $XXXXor .XXXX%). Non-Compliant High Cost Loan. | Points and Fees on subject loan of XXXX % is in excess of the allowable maximum of XXXX% of the XXXX Total Loan Amount. Points and Fees of $XXXX on a FedXXXX eral Total Loan Amount of $XXXX vs. an allowable total of $XXXX (an overage of $XXXX or .XXXX%). Non-Compliant High Cost Loan. | Reviewer Comment (2025-06-30): Client agreed to discount point ratio of XXXX which allows XXXX discount points to be excluded. Manual offset provided and loan is no longer high cost. Reviewer Comment (2025-05-27): XXXX points and fees testing is not excluding loan discounts from the HOEPA P&F test based on the rate reduction ratio not meeting the XXXX standard under client deal settings. Calculation: Undiscounted Starting Rate - XXXX , Note Rate - XXXX , Loan Discounts - XXXX , Undiscounted Starting Rate Price - XXXX . XXXX does not meet XXXX deal setting (XXXX ) for discount point standard ratio for exclusion. Based on this definition, XXXX as a TPR uses XXXX % as the "established industry practice" by default. While the XXXX % threshold test is used by XXXX as the default, this amount can be adjusted by the client to any reasonable level to meet their own risk tolerance. XXXX implemented the default approach of using XXXX to have a reasonable threshold in place to meet the requirement in the definition to reduce the rate consistent with "established industry practices". The XXXX was determined based on (1) prior GSE guidance of a XXXX ratio for exclusion consideration, (understanding this has subsequently been removed and the GSE's do not currently offer guidance for this purpose); (2) the example in the commentary that references the consideration of a XXXX ratio; and (3) states that require a specific ratio in their exclusion considerations, (including XXXX that require a XXXX ratio with XXXX requiring a XXXX year recoupment that is essentially a XXXX ratio. In the event the XXXX wishes to lower their threshold to XXXX , that may be an option to consider the discount points as bona fide. Seller Comment (2025-05-22): (Rate Lock) Loan is passing XXXX% points and fees test. Threshold is $XXXX and fees are $XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. | C | A | A | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115257 | XXXX | XXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | Reviewer Comment (2025-06-30): Client agreed to discount point ratio of XXXX which allows XXXX discount points to be excluded. Manual offset provided and loan is no longer high cost. Reviewer Comment (2025-05-27): XXXX points and fees testing is not excluding loan discounts from the HOEPA P&F test based on the rate reduction ratio not meeting the XXXX standard under client deal settings. Calculation: Undiscounted Starting Rate - XXXX , Note Rate - XXXX , Loan Discounts - XXXX , Undiscounted Starting Rate Price - XXXX . XXXX does not meet XXXX deal setting (XXXX ) for discount point standard ratio for exclusion. Based on this definition, XXXX as a TPR uses XXXX % as the "established industry practice" by default. While the XXXX % threshold test is used by XXXX as the default, this amount can be adjusted by the client to any reasonable level to meet their own risk tolerance. XXXX implemented the default approach of using XXXX to have a reasonable threshold in place to meet the requirement in the definition to reduce the rate consistent with "established industry practices". The XXXX was determined based on (1) prior GSE guidance of a XXXX ratio for exclusion consideration, (understanding this has subsequently been removed and the GSE's do not currently offer guidance for this purpose); (2) the example in the commentary that references the consideration of a XXXX ratio; and (3) states that require a specific ratio in their exclusion considerations, (includingXXXX ), that require a XXXX ratio with XXXX requiring a XXXX year recoupment that is essentially a XXXX ratio. In the event the XXXX wishes to lower their threshold to XXXX , that may be an option to consider the discount points as bona fide. Seller Comment (2025-05-22): (Rate Lock) Loan is passing high cost. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | A | A | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115257 | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost) Texas High-Cost Loan (Points and Fees) | XXXX Anti-Predatory Lending Statute: Points and Fees on subject loan of XXXX % is in excess of the allowable maximum of XXXX% of the Total Loan Amount. Points and Fees total $XXXXon a Total Loan Amount of $XXXXvs. an allowable total of $XXXX (an overage of $XXXX or .XXXX %). Compliant High Cost Loan. | Points and Fees on subject loan of XXXX% is in excess of the allowable maximum of XXXX% of the Total Loan Amount. Points and Fees total $XXXXon a Total Loan Amount of $XXXX vs. an allowable total of $XXXX (an overage of $XXXX or .XXXX%). Compliant High Cost Loan. | Reviewer Comment (2025-06-30): Client agreed to discount point ratio of XXXX which allows XXXX discount points to be excluded. Manual offset provided and loan is no longer high cost. Reviewer Comment (2025-05-27): XXXX points and fees testing is not excluding loan discounts from the HOEPA P&F test based on the rate reduction ratio not meeting the XXXX standard under client deal settings. Calculation: Undiscounted Starting Rate - XXXX , Note Rate - XXXX , Loan Discounts - XXXX , Undiscounted Starting Rate Price - XXXX . XXXX does not XXXXdeal settingXXXX) for discount point standard ratio for exclusion. Based on this definition, XXXX as a TPR uses XXXX % as the "established industry practice" by default. While the XXXX % threshold test is used by XXXX as the default, this amount can be adjusted by the client to any reasonable level to meet their own risk tolerance. XXXX implemented the default approach of using XXXX to have a reasonable threshold in place to meet the requirement in the definition to reduce the rate consistent with "established industry practices". The XXXX was determined based on (1) prior GSE guidance of a XXXX ratio for exclusion consideration, (understanding this has subsequently been removed and the GSE's do not currently offer guidance for this purpose); (2) the example in the commentary that references the consideration of a XXXX ratio; and (3) states that require a specific ratio in their exclusion considerations, (includingXXXX ), that require a XXXX ratio with XXXX requiring a XXXX year recoupment that is essentially a XXXX ratio. In the event theXXXX r wishes to lower their threshold to XXXX , that may be an option to consider the discount points as bona fide. Seller Comment (2025-05-22): (Rate Lock) Loan is passing XXXX% points and fees test. Threshold is $XXXX and fees are XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | No obvious cure | C | A | A | A | C | A | A | A | XXXX | XXXX | No | |||||
| XXXX | XXXX | XXXX | 4350115258 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved an exception for XXXX less than XXXX . Compensating factor provided does not support downgrading/waiving of the exception. Please provide additional compelling compensating factors for consideration of downgrading/waiving exception. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Housing payment history is XXXXxXXXXxXXXX or better and XXXX years XXXX. |
Originator,SitusAMC Originator |
Reviewer Comment (2025-06-02): Lender exceptions with comp factors. Seller Comment (2025-05-28): (Rate Lock) Approved exceptions provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Purchase | D | B | D | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115258 | XXXX | XXXX | Credit | Collateral | Missing/Incorrect | Collateral | Missing document: Lease on leasehold property is not in file | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Housing payment history is XXXXxXXXXxXXXX or better and XXXX years XXXX. |
Originator,SitusAMC Originator |
Reviewer Comment (2025-06-02): Lender exceptions with comp factors. Seller Comment (2025-05-28): (Rate Lock) Approved exceptions provided Reviewer Comment (2025-05-15): Leasehold does not expire after the mortgage maturity by a minimum of XXXX years as required by guidelines. Exception remains. Seller Comment (2025-05-13): (Rate Lock) Provided Seller Comment (2025-05-13): (Rate Lock) This was with the signed docs. |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Purchase | D | B | D | B | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115258 | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | XXXX properties are ineligible. | Title shows the property in XXXX . Guidelines do not permit XXXX properties. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Housing payment history is XXXXxXXXXxXXXX or better and XXXX years XXXX. |
Originator,SitusAMC Originator |
Reviewer Comment (2025-06-02): Lender exceptions with comp factors. Seller Comment (2025-05-28): (Rate Lock) Approved exceptions provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Purchase | D | B | D | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115258 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Title is not vested in subject property's name. File is missing a Warranty Deed showing the deed was transferred top the borrower. | Reviewer Comment (2025-05-15): Transfer of assignment of lease to borrower provided. Exception cleared. Seller Comment (2025-05-13): (Rate Lock) Please refer to 'Assignment of Leasehold Interest' |
XXXX | XXXX | XXXX | 1 | D | A | D | A | D | A | D | A | D | A | XXXX | XX | Investment | Purchase | D | B | D | B | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115260 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within XXXX (XXXX) business days of application. | Reviewer Comment (2025-05-30): Client elects to waive. Seller Comment (2025-05-27): (Rate Lock) Lender accepts the EV2 and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115260 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-10): XXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Seller Comment (2025-06-09): (Rate Lock) PCCD and check provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115262 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Subject has XXXX Units. XXXX units are vacant XXXX unit is short term lease. Lease is executed by an employer for temporary employees. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The XXXX is greater than the guideline requirement by XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX XXXX: XXXX Guideline Requirement: XXXX XXXX: XXXX Guideline Requirement: XXXX Housing payment history is XXXX or better. |
SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-05-27): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115262 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing | Reviewer Comment (2025-06-02): Corporate Resolution not required. Exception Cleared. Seller Comment (2025-05-29): (Rate Lock) Not needed as borrower is sole member and owns XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115262 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing | Reviewer Comment (2025-06-02): EIN shows sole owner. Reviewer Comment (2025-06-02): Please provide signed and dated operating agreement to confirm ownership percentage. Exception remains. Seller Comment (2025-05-30): (Rate Lock) This is not needed. There is no operating agreement when the borrower is the sole member. They have full rights to act on the XXXX since they own it outright. Reviewer Comment (2025-05-29): Copy of fully executed operating agreement reflecting the borrower is an authorized signer on behalf of the LLC and has the power to the first mortgage the security property for the purpose of loan. Exception remains. Seller Comment (2025-05-29): (Rate Lock) Not needed as borrower is sole member and owns XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115264 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved an exception for DSCR less than XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-04): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115265 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Lender approved an exception for max XXXX % LTV for FTHB living rent free. | Borrower has worked in the same position for more than XXXX years. The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower has verified disposable income of at least $XXXX. |
Guidelines Representative FICO: XXXX Representative FICO: XXXX |
SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-30): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115265 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | Lender approved an exception for max XXXX % LTV for FTHB living rent free. | Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-30): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115266 | XXXX | XXXX | Compliance | TRID | Document Error | TRID | Closing Disclosure: Dates are not in chronological order. | - Issue Date: XXXX; Received Date: XXXX; Signed Date: XXXX | Closing Disclosure dates are not in chronological order. Issue Date: XXXX ; Received Date: XXXX ; Signed Date: XXXX . | Reviewer Comment (2025-06-13): Received explanation from lender explaining the error. Seller Comment (2025-06-11): Please see attached. Reviewer Comment (2025-06-06): Please provide an attestation from the Lender confirming borrower in error signed theXXXX PCCD with an incorrect XXXX date. Upon receipt, will further address. Seller Comment (2025-06-05): (Rate Lock) We have the main CD dated and Issued on the /XXXX , please check XXXX the CD Issued on the XXXX , borrower decided to sign in the XXXX st to match the date of the first CD . and there is no issue on that since we have the one dated and signed on the correct date . Please review and clear the condition. |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Investment | Purchase | B | A | A | A | B | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115267 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: XXXX Disaster Declaration Date: XXXX |
The subject property is located in a FEMA Disaster area post-close. There is no end declared date for the disaster as of yet. A post-disaster inspection verifying there was no damage to the subject property is required once a declared end date is identified. | Reviewer Comment (2025-06-11): A disaster end date has not been declared yet. PDI was provided to confirm no damage was done to the property. Seller Comment (2025-06-09): (Rate Lock) PDI provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115267 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for XXXX overdrafts in XXXX months. | Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Documentation Type: XXXXmo Bank Statement Disposable Income: $XXXX Borrower has worked in the same position for more than XXXX years and has housing payment history is XXXXxXXXXxXXXX or better. Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX Guideline Maximum DTI: XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-19): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115268 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX. | Lender approved an exception for reserves less than XXXX months. | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXX or better. |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-05): Lender exceptions with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115268 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX (XXXX ) business days prior to consummation. | No evidence of appraisal being sent to borrower XXXX days prior to closing. | Reviewer Comment (2025-06-10): Client elects to waive. Seller Comment (2025-06-06): (Rate Lock) Lender accepts the EV2 and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115268 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX (XXXX ) business days prior to consummation. | No evidence of appraisal being sent to borrower XXXX days prior to closing. | Reviewer Comment (2025-06-10): Client elects to waive. Seller Comment (2025-06-06): (Rate Lock) Lender accepts the EV2 and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115268 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Borrower's own funds percent discrepancy. | Calculated borrower's own funds of XXXX is less than Guideline required borrower's own funds of XXXX. | 5% borrower own funds not contributed to the transaction. | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXX or better. |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-07-16): Waived with Compensating Factors at Customer request. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115269 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Title is not vested is in the borrower name and Warranty deed showing deed was transferred to the borrower was not provided. | Reviewer Comment (2025-05-30): Received deed in trailing docs. Seller Comment (2025-05-28): (Rate Lock) Please see attached - deed is on pages XXXX |
XXXX | XXXX | XXXX | 1 | D | A | D | A | D | A | D | A | D | A | XXXX | XX | Investment | Purchase | D | A | D | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115270 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - XXXX | File is missing insurance verification for XXXX | Reviewer Comment (2025-06-17): Received CD in trailing docs. Seller Comment (2025-06-16): (Rate Lock) FP shows monthly HOI amount |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115270 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | File is missing mortgage statement for XXXX | Reviewer Comment (2025-06-17): Received CD in trailing docs. Seller Comment (2025-06-16): (Rate Lock) Final CD provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115270 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - XXXX | File is missing mortgage statement for XXXX | Reviewer Comment (2025-06-17): Received CD in trailing docs. Seller Comment (2025-06-16): (Rate Lock) Final CD provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115270 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | File is missing mortgage statement for XXXX . | Reviewer Comment (2025-06-17): Received CD in trailing docs. Seller Comment (2025-06-16): (Rate Lock) CD provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115270 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | File is missing mortgage statement for XXXX . | Reviewer Comment (2025-06-17): Received CD in trailing docs. Seller Comment (2025-06-16): (Rate Lock) CD provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115270 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - XXXX | File is missing mortgage statement for XXXX . | Reviewer Comment (2025-06-17): Received CD in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115270 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXX ): Borrower waived right to receive a copy of the appraisal at least XXXX (XXXX) business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least XXXX (XXXX ) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-06-17): Client elects to waive. Seller Comment (2025-06-16): (Rate Lock) Lender accepts the EV2 and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115270 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXX): Borrower waived right to receive a copy of the appraisal at least XXXX (XXXX ) business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least XXXX (XXXX) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-06-17): Client elects to waive. Seller Comment (2025-06-16): (Rate Lock) Lender accepts the EV2 and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115271 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Originator Loan Designation discrepancy due to missing income documents. | Reviewer Comment (2025-05-30): Rental income was excluded Seller Comment (2025-05-27): (Rate Lock) Please see exception - not using income from departure residence |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115271 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO XXXX % Method | Ability to Repay (Dodd-Frank XXXX ): Unable to verify Real Estate Owned income (XXXX % Method) using reasonably reliable XXXX -party records. | UPDATED XXXX ***File is missing copy of the current lease and XXXX months of proof of the receipt of rental income for XXXX XXXX property. | Reviewer Comment (2025-05-30): Rental income was excluded Seller Comment (2025-05-27): (Rate Lock) Please see exception - not using income from departure residence |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115271 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO XXXX % Method | Ability to Repay (Dodd-Frank XXXX ): Unable to verify Real Estate Owned income (XXXX % Method) using reasonably reliable XXXX -party records. | File is missing copy of the current lease and XXXX months of proof of the receipt of rental income for XXXX XXXX property. | Reviewer Comment (2025-05-23): Received lease agreement in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115271 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank XXXX ): General Ability-to-Repay requirements not satisfied. | Waterfall due to missing income documents. | Reviewer Comment (2025-05-30): Rental income was excluded |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115271 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank XXXX ): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to missing income documents. | Reviewer Comment (2025-05-30): Received income docs in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115271 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | UPDATE:XXXX *******Business Narrative form for XXXX was not provided. | Reviewer Comment (2025-06-24): Lender Exception provided with Compensating Factors. Reviewer Comment (2025-06-19): Only Lender Exception in file is for DTI with no other items in file or comments for additional items. Please provide additional information on the post close Business Narrative to determine if there was alternate documentation in file which provided all the information and was relied upon in its' place? Seller Comment (2025-06-17): (Rate Lock) Exception added for doc being post close - CPA letter was used at time of closing |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115271 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX ): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to missing income documents. | Reviewer Comment (2025-06-24): System cleared with Compensating Factors from Lender Exception. Reviewer Comment (2025-06-19): Only Lender Exception in file is for DTI with no other items in file or comments for additional items. Please provide additional information on the post close Business Narrative to determine if there was alternate documentation in file which provided all the information and was relied upon in its' place? Seller Comment (2025-06-17): (Rate Lock) Exception added for doc being post close - CPA letter was used at time of closing |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115271 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | UPDATE:XXXX *******Business Narrative form for XXXX was not provided. | Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower has verified disposable income of at least $XXXX. |
Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX Documentation Type: XXXXmo Bank Statement Disposable Income: $XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-24): Lender Exception provided with Compensating Factors. Reviewer Comment (2025-06-19): Only Lender Exception in file is for DTI with no other items in file or comments for additional items. Please provide additional information on the post close Business Narrative to determine if there was alternate documentation in file which provided all the information and was relied upon in its' place? Seller Comment (2025-06-17): (Rate Lock) Exception added for doc being post close - CPA letter was used at time of closing Reviewer Comment (2025-06-16): Documentation received is dated post close. Reviewer Comment (2025-05-23): Loan file is missing a Business narrative form for XXXX Seller Comment (2025-05-22): (Rate Lock) Do not see this listed as a business |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115271 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation due to missing income documents. | Reviewer Comment (2025-06-24): Lender Exception provided with Compensating Factors. Reviewer Comment (2025-06-19): Only Lender Exception in file is for DTI with no other items in file or comments for additional items. Please provide additional information on the post close Business Narrative to determine if there was alternate documentation in file which provided all the information and was relied upon in its' place? Seller Comment (2025-06-17): (Rate Lock) Exception added for doc being post close - CPA letter was used at time of closing Reviewer Comment (2025-06-16): Documentation received is dated post close. Unable to clear. |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | XXXX | XXXX | Yes | ||||||||||
| XXXX | XXXX | XXXX | 4350115272 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Guidelines require a copy of the fully executed operating agreement reflecting the borrower is an authorized signer on behalf of the LLC and has the power to XXXX mortgage the security property for the purpose of securing a loan. | Reviewer Comment (2025-06-12): Received CPA letter showing borrower is the sole member in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115272 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for property being listed on the market within the last XXXX days. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous |
Housing payment history is XXXX or better. | SitusAMC Originator |
Reviewer Comment (2025-06-06): Lender exceptions with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115272 | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of XXXX is less than Guideline representative FICO score of XXXX. | Lender approved an exception for FICO score less than XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous |
Housing payment history is XXXX or better. | SitusAMC Originator |
Reviewer Comment (2025-06-06): Lender exceptions with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115274 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXX ): Borrower waived right to receive a copy of the appraisal at least XXXX XXXX business days prior to closing, and appraisal was not provided at or before closing. | No evidence borrower received appraisal at least XXXX business days prior to closing. | Reviewer Comment (2025-05-30): Client elects to waive. Seller Comment (2025-05-30): (Rate Lock) accept EV2 as is and wishes to proceed |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115274 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | File is missing XXXX months' XXXX ) for borrower, XXXX months provided. | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX Guideline Maximum DTI XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-07-01): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115274 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for condo not meeting pre-sale requirement and the project is not substantially completed. | The representative FICO score exceeds the guideline minimum by at least XXXX points. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. |
Guidelines Representative FICO: XXXX Representative FICO: XXXX Reserves: XXXX Guideline Requirement: XXXX |
Originator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-30): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115276 | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of XXXX is less than Guideline representative FICO score of XXXX. | Lender approved an exception for XXXX % LTV with FICO score of XXXX which is less than the guideline requirement of XXXX . | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-10): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115277 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for borrower being a XXXX -time home buyer and first-time investor. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXX or better. |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-05-28): Housing payment history is XXXX or better. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115278 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to PITIA reserves of XXXX less than guideline requirement of 6 resulting in loan designation discrepancy. | Reviewer Comment (2025-05-30): Earnest money deposits source of fund deposit received and updated. Exception cleared Seller Comment (2025-05-28): Asset rebuttal sent - please review. |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115278 | XXXX | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing in file. | Reviewer Comment (2025-05-29): E-Sign Consent provided exception cleared. Seller Comment (2025-05-28): Please see attached e-consent authorization. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115278 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX . | Reviewer Comment (2025-05-30): Earnest money deposits source of fund deposit received and updated. Exception cleared Seller Comment (2025-05-29): Please see attached. Reviewer Comment (2025-05-29): Source document for earnest money deposit is required exception remains. Seller Comment (2025-05-28): Borrower has more than XXXX months in reserves; please see attached. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115278 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to PITIA reserves of XXXX less than guideline requirement of XXXX . | Reviewer Comment (2025-05-30): Earnest money deposits source of fund deposit received and updated. Exception cleared Seller Comment (2025-05-28): Please see attached. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115278 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank XXXX): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Appraisal was provided to the borrower XXXX and appraisal report date is XXXX . | Reviewer Comment (2025-05-30): Delivery provided. Seller Comment (2025-05-28): Please see attached. |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115278 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX XXXX business days prior to consummation. | Reviewer Comment (2025-05-30): Client elects to Waive. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | ||||||||||||
| XXXX | XXXX | XXXX | 4350115278 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of revised valuation to applicant XXXX (XXXX) business days prior to consummation. | Reviewer Comment (2025-05-30): Client elects to Waive. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | ||||||||||||
| XXXX | XXXX | XXXX | 4350115279 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX % or $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-23): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | B | C | B | C | B | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115279 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | UPDATED XXXX ******Loan designation discrepancy due to DTI moderately exceeding the guideline minimum. | Reviewer Comment (2025-06-10): System cleared with Compensating Factors from Lender Exception. Seller Comment (2025-06-06): (Rate Lock) approved exception provided Reviewer Comment (2025-06-04): Require additional compensating factors as reserves meets the guideline minimum of XXXX months and not a compelling compensating factor. Seller Comment (2025-06-04): (Rate Lock) DIT exception provided |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115279 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XXXX disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $XXXX is over disclosed by $XXXX compared to the calculated Amount Financed of $XXXX and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated XXXX). | Disclosed Amount Financed are $XXXX . Calculated Amount Financed are $XXXX . There is a variance of $XXXX . | Reviewer Comment (2025-06-06): Cured prior to discovery. Seller Comment (2025-06-05): (Rate Lock) No CD reflects $XXXX Reviewer Comment (2025-06-04): The CD with an issue date of XXXX Seller Comment (2025-06-04): (Rate Lock) Please advise what CD reflects finance charges of XXXX . |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Refinance - Rate/Term | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | B | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115279 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XXXX disclosed an inaccurate Finance Charge on page XXXX that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $XXXX is under disclosed by $XXXX compared to the calculated Finance Charge of $XXXX which exceeds the $XXXX threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated XXXX ). | Disclosed Finance Charges are $XXXX . Calculated Finance Charges are $XXXX . There is a variance of $XXXX . | Reviewer Comment (2025-06-06): Exception was cured prior to discovery. Seller Comment (2025-06-05): (Rate Lock) No CD reflects $XXXX Reviewer Comment (2025-06-04): The CD with an issue date of XXXX Seller Comment (2025-06-04): (Rate Lock) Please advise what CD reflects finance charges of XXXX . |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Refinance - Rate/Term | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | B | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115279 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX ): Based on the loan failing one or more guideline components, the loan is at ATR risk. | UPDATED XXXX ******waterfall due to DTI moderately exceeding the guideline minimum. | Reviewer Comment (2025-06-10): System cleared with Compensating Factors from Lender Exception. Seller Comment (2025-06-06): (Rate Lock) approved exception provided Reviewer Comment (2025-06-04): Require additional compensating factors as reserves meets the guideline minimum of XXXX months and not a compelling compensating factor. Seller Comment (2025-06-04): (Rate Lock) DIT exception provided Seller Comment (2025-06-02): (Rate Lock) Total assets verified : $XXXX Funds for closing : $XXXX Remaining funds for reserves: $XXXX PITI: XXXX XXXX Which meets the XXXX months reserves requirement |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115279 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank XXXX ): The DTI calculated in accordance with the Lenders Guidelines and XXXX (c)(XXXX ) of XXXX % moderately exceeds the guideline maximum of XXXX %. (DTI Exception is eligible to be regraded with compensating factors.) | UPDATED XXXX ******waterfall due to DTI moderately exceeding the guideline minimum. | Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Miscellaneous |
Borrower has worked in the same position for more than XXXX years. Required credit score XXXX, borrower score XXXX |
SitusAMC SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-10): DTI Moderately Exceeds. Lender Exception provided with Compensating Factors. Exception down graded and Waived. Seller Comment (2025-06-06): (Rate Lock) approved exception provided Reviewer Comment (2025-06-04): Require additional compensating factors as reserves meets the guideline minimum of XXXX months and not a compelling compensating factor. Seller Comment (2025-06-04): (Rate Lock) DIT exception provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115279 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of XXXX exceeds Guideline total debt ratio of XXXX. | The calculated DTI of XXXX % moderately exceeds the guideline maximum of XXXX %. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Borrower has worked in the same position for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Miscellaneous |
Borrower has worked in the same position for more than XXXX years. Required credit score XXXX, borrower score XXXX |
SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-10): Lender Exception provided with Compensating Factors. Seller Comment (2025-06-06): (Rate Lock) approved exception provided Reviewer Comment (2025-06-04): Require additional compensating factors as reserves meets the guideline minimum of XXXX months and not a compelling compensating factor. Seller Comment (2025-06-04): (Rate Lock) DIT exception provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115282 | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Policy has a Coverage Shortfall of $XXXX . | Reviewer Comment (2025-06-25): Exception cleared - Replacement cost estimator received and updated clarity. Seller Comment (2025-06-25): (Rate Lock) RCE provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115284 | XXXX | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2025-05-09): E-sign Consent Agreement received and updated .Exception cleared Seller Comment (2025-05-08): (Rate Lock) Provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | B | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115284 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX XXXX business days prior to consummation. | Verification appraisal was delivered to borrower not provided in file. | Reviewer Comment (2025-06-06): Documentation provided. Seller Comment (2025-06-06): (Rate Lock) Proof provided Reviewer Comment (2025-06-05): The email from XXXX at XXXX(Doc XXXX) states: "The true and correct copy of the appraisal has a Date of Signature and Report ofXXXX as a result of a revision requested by the lender after the initial deliver on XXXX.".The Supplemental Addendum on the revised appraisal (Doc XXXX) indicates that the revision request date was XXXX and the appraiser's revision to add the borrower's name was dated XXXX. Based on this information, it appears that the initial appraisal dated XXXX may have had an initial delivery date of XXXX and the revised appraisal was completed on XXXX. Although the rebuttal states that the revised appraisal signature date should be XXXX, this is not supported by the communication fromXXXX or the appraiser as previously noted. We require clear evidence the XXXX appraisal was delivered XXXX, unable to accept an LOE. Please confirm if your offices are open for business on XXXX. If so, please provide attestation. Seller Comment (2025-06-04): (Rate Lock) Cert provided confirming dates for appraisal Seller Comment (2025-06-02): (Rate Lock) LOE provided Reviewer Comment (2025-05-09): Appraisal report date is XXXX and Appraisal document delivery shows received date as XXXX which is not acceptable . Exception remains Seller Comment (2025-05-08): (Rate Lock) Proof it was delivered XXXX , which is XXXX days prior to closing |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | B | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115284 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | XXXX HPML XXXX Non Compliant | XXXX Higher-Priced Mortgage Loan: APR on subject loan of XXXX % or Final Disclosure APR of XXXX % is equal to or greater than the threshold of APOR XXXX % + XXXX %, or XXXX %. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-06-16): Updated documents provided. Reviewer Comment (2025-06-16): We need clarification from the originating lender on whether they are open or not for substantially all of their business functions on XXXX. We are unable to show yes for some operations but not for others. From the way business day is defined under the Truth in Lending Act, it is imperative to completing accurate testing to determine whether XXXXs are counted as a business day. Seller Comment (2025-06-12): (Rate Lock) The document states "As the lender, in all cases around delivery, receipt, and waiting periods, we count XXXX." We are not physically open to send documents, and is not counted for initial LE Therefore this is compliant. Reviewer Comment (2025-06-11): Email provided shows the appraisal was sent XXXX, however the borrower did not reply that it was received, so the XXXX day mail rule applies and does not support delivery XXXX days prior to closing. Seller Comment (2025-06-06): (Rate Lock) Proof provided Reviewer Comment (2025-06-05): The email from XXXX at XXXX (Doc XXXX) states: "The true and correct copy of the appraisal has a Date of Signature and Report of XXXX as a result of a revision requested by the lender after the initial deliver on XXXX.".The Supplemental Addendum on the revised appraisal (Doc XXXX) indicates that the revision request date was XXXX and the appraiser's revision to add the borrower's name was dated XXXX. Based on this information, it appears that the initial appraisal dated XXXX may have had an initial delivery date of XXXX and the revised appraisal was completed on XXXX. Although the rebuttal states that the revised appraisal signature date should be XXXX, this is not supported by the communication from XXXX or the appraiser as previously noted. We require clear evidence the XXXX appraisal was delivered XXXX, unable to accept an LOE. Please confirm if your offices are open for business on XXXX. If so, please provide attestation. Seller Comment (2025-06-04): (Rate Lock) Cert provided confirming dates for appraisal Seller Comment (2025-06-02): (Rate Lock) LOE provided Reviewer Comment (2025-05-09): Appraisal report date is XXXX and Appraisal document delivery shows received date as XXXX which is not acceptable . Exception remains Seller Comment (2025-05-08): (Rate Lock) Proof it was delivered XXXX , which is XXXX days prior to closing |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | B | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115284 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX (XXXX ) business days prior to consummation. | Verification appraisal was delivered to borrower not provided in file. | Reviewer Comment (2025-06-06): Documentation provided. Seller Comment (2025-06-06): (Rate Lock) Proof provided Reviewer Comment (2025-06-05): XXXX Seller Comment (2025-06-04): (Rate Lock) Cert provided confirming dates for appraisal Reviewer Comment (2025-06-03): Appraisal Notice (XXXX) is not reflecting the exact date of the appraisal being provided to the borrower from the previous lender iOS not confirmed. It just indicates that there was a typo. Exception Remains. Seller Comment (2025-06-02): (Rate Lock) LOE provided Reviewer Comment (2025-05-09): Appraisal report date is XXXX and Appraisal document delivery shows received date as XXXX which is not acceptable . Exception remains Seller Comment (2025-05-08): (Rate Lock) Proof it was delivered XXXX , which is XXXX days prior to closing |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | B | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115284 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX % or $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | No valid Change of circumstance provided, nor evidence of cure in file. | Reviewer Comment (2025-05-01): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | C | B | C | B | C | B | A | B | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115284 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX . | Borrower has worked in the same position for more than XXXX years. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has worked in the same position for more than XXXX years. DTI: XXXX Guideline Maximum DTI: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-29): Lender exceptions with comp factors. Seller Comment (2025-05-23): (Rate Lock) Approved exception provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | B | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115284 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation discrepancy due to reserves requirement not being met. | Reviewer Comment (2025-05-29): Lender exceptions with comp factors. Seller Comment (2025-05-23): (Rate Lock) Approved exception provided |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | B | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115284 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX ): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan is waterfalling due to reserves requirement not being met. | Reviewer Comment (2025-05-29): Lender exceptions with comp factors. Seller Comment (2025-05-23): (Rate Lock) Approved exception provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | B | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115284 | XXXX | XXXX | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | Please provide appraisal transfer letter. | Reviewer Comment (2025-06-05): Client accepts EV2 grade. Seller Comment (2025-06-05): (Rate Lock) This is not required by guides, please waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | B | XXXX | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115284 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank XXXX ): Safe Harbor requirements not satisfied. | Please provide appraisal transfer letter and delivery of all appraisals. | Reviewer Comment (2025-06-05): Client accepts EV2 grade. Seller Comment (2025-06-05): (Rate Lock) we do not require these in our guides, please waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | B | XXXX | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115284 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within XXXX (XXXX) business days of application. | Reviewer Comment (2025-06-16): XXXX received lender attestation rebuttal that company is not open on XXXX for business functions. Seller Comment (2025-06-12): (Rate Lock) The document states "As the lender, in all cases around delivery, receipt, and waiting periods, we count XXXX." We are not physically open to send documents, and is not counted for initial LE Therefore this is compliant. Reviewer Comment (2025-06-11): Doc XXXX states that XXXX is considered a operating business day for the company and thus it is counted in LE delivery, which would be XXXX delivery required. Seller Comment (2025-06-11): (Rate Lock) XXXX business days of application of XXXX is XXXX |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | B | XXXX | XXXX | No | ||||||||||||
| XXXX | XXXX | XXXX | 4350115284 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | ECOA Appraisal Disclosure - ECOA Timing | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within XXXX days of the loan application date. | Date of receipt by borrower not provided. | Reviewer Comment (2025-06-16): Client elects to waive. Seller Comment (2025-06-12): (Rate Lock) Please waive Reviewer Comment (2025-06-11): Client elects to Waive. Seller Comment (2025-06-11): (Rate Lock) Lender accepts EV2 |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | B | XXXX | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115284 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TIL HPML Appraisal Disclosure - HPML Timing | HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within XXXX days of the loan application date. | Date of receipt by borrower not provided. | Reviewer Comment (2025-06-16): Updated documents provided. Reviewer Comment (2025-06-16): We need clarification from the originating lender on whether they are open or not for substantially all of their business functions on XXXX. We are unable to show yes for some operations but not for others. From the way business day is defined under the Truth in Lending Act, it is imperative to completing accurate testing to determine whether XXXXs are counted as a business day. Seller Comment (2025-06-12): (Rate Lock) The document states "As the lender, in all cases around delivery, receipt, and waiting periods, we count XXXX." We are not physically open to send documents, and is not counted for initial LE Therefore this is compliant. Reviewer Comment (2025-06-11): Doc XXXX states that XXXX is considered a operating business day for the company and thus it is counted in LE delivery, which would be XXXX delivery required. Seller Comment (2025-06-09): (Rate Lock) This was sent in the initial package onXXXX. XXXX days from application was XXXX but is a XXXX and we do not disclosed ILEs on XXXX. |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | B | XXXX | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115284 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule (Dodd-Frank XXXX): List of Homeownership Counseling Organizations not provided to applicant within XXXX (XXXX ) business days of application. | Date of receipt by borrower not provided. | Reviewer Comment (2025-06-10): Client elects to waive. Seller Comment (2025-06-09): (Rate Lock) Lender accepts the EV2 |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | B | XXXX | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115284 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of revised valuation to applicant XXXX (XXXX ) business days prior to consummation. | Reviewer Comment (2025-06-17): Client elects to waive. Seller Comment (2025-06-16): (Rate Lock) Lender accepts the EV2 and wishes to clear |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | B | XXXX | XXXX | No | ||||||||||||
| XXXX | XXXX | XXXX | 4350115286 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved an exception for DSCR less than XXXX . | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Loan to Value: XXXX Guideline Maximum Loan to Value: XXXX Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXXor better. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-03): Housing payment history is XXXX or better |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115287 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved exception for DSCR score of XXXX which is less than the guideline minimum of XXXX . | Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. |
Borrower's Own Funds Percent: XXXX Borrower's Own Funds Amount: $XXXX Reserves: XXXX Guideline Requirement: XXXX |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-03): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115289 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved exception allowing DSCR less than XXXX . Provide additional compelling compensating factors for consideration of downgrading/waiving exception. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous Miscellaneous |
Monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. LTV of XXXX% allowed. Mortgage XXXX |
Originator,SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-06-05): Lender Exception with Compensating Factors provided. Seller Comment (2025-06-03): (Rate Lock) exception with CFs provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115292 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for borrower living rent free. | The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Housing payment history is XXXX or better. |
SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-05-27): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115293 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for a vacant subject property with a loan amount less than $XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. | Reserves: XXXX Guideline Requirement: XXXX |
Originator,SitusAMC | Reviewer Comment (2025-06-06): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115294 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan XXXX Test | TILA HPML appraisal Rule (Dodd-Frank XXXX ): XXXX requirements not satisfied. | Appraisal Transfer Letter is missing in file. | Reviewer Comment (2025-06-12): Client elects to waive. Seller Comment (2025-06-10): (Rate Lock) Lender accepts EV2 and this is not required by guides |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115294 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXX ): Borrower waived right to receive a copy of the appraisal at least XXXX (XXXX ) business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least XXXX (XXXX ) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-06-16): Exception cleared. Received proof of appraisal delivered to borrower, and updated correctly. Seller Comment (2025-06-15): (Rate Lock) Proof provided |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Primary | Purchase | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115294 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | XXXX HPML XXXX Non Compliant | XXXX Higher-Priced Mortgage Loan: APR on subject loan of XXXX % or Final Disclosure APR of XXXX % is equal to or greater than the threshold of APOR XXXX % + XXXX %, or XXXX %. Non-Compliant Higher Priced Mortgage Loan. | XXXX Higher-Priced Mortgage Loan: APR on subject loan of XXXX % or Final Disclosure APR of XXXX % is equal to or greater than the threshold of APOR XXXX % + XXXX %, or XXXX %. Non-Compliant Higher Priced Mortgage Loan. Mavent reflects loan is an HPML loan. | Reviewer Comment (2025-06-16): Exception cleared. Received proof of appraisal delivered to borrower, and updated correctly. Seller Comment (2025-06-15): (Rate Lock) Proof provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115294 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX XXXX business days prior to consummation. | No evidence of receipt of appraisal in file. | Reviewer Comment (2025-06-16): Exception cleared. Received proof of appraisal delivered to borrower, and updated correctly. Seller Comment (2025-06-15): (Rate Lock) Proof provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115294 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to allow XXXX statements that do not have a URL. | Borrower has verified disposable income of at least $XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has verified residual income (disposable income) of at least $XXXX per month. Monthly reserves is verified AND at least XXXX months more than guideline minimum. FICO higher than XXXX, AND at least XXXX points higher than guideline minimum. |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-06): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115294 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for receipt of XXXX reflects periodically on the XXXX statements as XXXX received from an external wallet and name is not available. | Borrower has verified disposable income of at least $XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has verified residual income (disposable income) of at least $XXXX per month. Monthly reserves is verified AND at least XXXX months more than guideline minimum. FICO higher than XXXX, AND at least XXXX points higher than guideline minimum. |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-06): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115294 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for Asset Depletion income on XXXX account. Account has an additional owner that is not on the loan. | Borrower has verified disposable income of at least $XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has verified residual income (disposable income) of at least $XXXX per month. Monthly reserves is verified AND at least XXXX months more than guideline minimum. FICO higher than XXXX, AND at least XXXX points higher than guideline minimum. |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-06): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115295 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX % slightly exceeds Guideline loan to value percentage of XXXX %. | Reviewer Comment (2025-05-29): LTV is XXXX% variation in decimal which is tolerable, Exception cleared. Seller Comment (2025-05-29): (Rate Lock) LTV is XXXX% |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115295 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated loan to value percentage of XXXX % slightly exceeds Guideline loan to value percentage of XXXX%. | Reviewer Comment (2025-05-29): LTV is XXXX% variation in decimal which is tolerable, Exception cleared. Seller Comment (2025-05-29): (Rate Lock) LTV is XXXX% |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115295 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX % or $XXXX . Insufficient or no cure was provided to the borrower. | Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX % or $XXXX . Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-17): XXXX received PCCD, LOE, proof of mailing & copy of refund check. Seller Comment (2025-06-16): (Rate Lock) PCCD Provided Reviewer Comment (2025-05-30): XXXX Title Document prep $XXXX, Title Lender Title $XXXX, Title overnight $XXXX, Title recording $XXXX, Title - Settlement $XXXX, Title - State guaranty $XXXX, Title Tax Cer $XXXX, Title Endorsement $XXXX, Survey $XXXX and Recording fee $XXXX falls under XXXX% tolerance. Total of XXXX% fees on CD is $XXXX compared to total of fees on LE $XXXX. A valid Changed Circumstance or cure $XXXXis required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Seller Comment (2025-05-29): (Rate Lock) Please advise what fees are being reviewed here |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115295 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Approved Exception for Increasing seller contribution to $XXXX which is XXXX % of sales price where max is XXXX % = $XXXX . | Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower has verified disposable income of at least $XXXX. |
Borrower's Own Funds Percent: XXXX Borrower's Own Funds Amount: $[readcted] Borrower has worked in the same position for more than XXXX years. Documentation Type: XXXXmo Bank Statement Disposable Income: $XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-28): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | C | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115296 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-16): XXXX received LOA states lender does not require survey. Seller Comment (2025-06-15): (Rate Lock) LOE provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115297 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for XXXX overdrafts/XXXX is XXXX over XXXX months. Borrower has XXXX. XXXX were ODs paid, XXXX were XXXX protection transfers from XXXX . | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-10): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115298 | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Lender exception for borrower requesting Non-warrantable condo exception. Per XXXX City inspection, the HOA is required to participate in a maintenance program to maintain the safety and integrity of the building. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
FICO higher than [readcted], AND at least [readcted]points higher than guideline minimum. Housing payment history is[readcted] or better. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-05): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115298 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX XXXX business days prior to consummation. | Reviewer Comment (2025-06-10): Client elects to waive. Seller Comment (2025-06-06): (Rate Lock) Accepts EV2 please waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115300 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | Lender approved exception for borrower not meeting the maximum CLTV of XXXX % when borrower is a XXXX living rent free. | Borrower has verified disposable income of at least $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Documentation Type: XXXXmo Bank Statement Disposable Income: [readcted] Guidelines Representative FICO: [readcted] Representative FICO: [readcted] Reserves: [readcted] Guideline Requirement: [readcted] DTI: [readcted] Guideline Maximum DTI: [readcted] |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-29): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115300 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | File is missing a signed and dated letter for verification of living rent free from owner or individual obligated on the lease agreement stating the borrower is living rent-free and the relationship to the borrower. | Reviewer Comment (2025-06-06): Received proof of signature in trailing docs. Reviewer Comment (2025-06-02): VOR document (XXXX) is not signed and written by owner. Letter of Explanation is required which is signed and dated by owner and which indicates borrower is living rent free. Exception Remains. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115300 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Lender approved exception for borrower not meeting the maximum CLTV of XXXX % when borrower is a XXXX living rent free. | Borrower has verified disposable income of at least $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Documentation Type: XXXXmo Bank Statement Disposable Income: [readcted] Guidelines Representative FICO: [readcted] Representative FICO: [readcted] Reserves: [readcted] Guideline Requirement: [readcted] DTI: [readcted] Guideline Maximum DTI: [readcted] |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-29): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115302 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Approved Exception: Requesting exception to go to XXXX % LTV for a XXXX who lives rent free. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower has verified disposable income of at least $XXXX. |
Reserves: [readcted] Guideline Requirement:[readcted] Documentation Type: XXXXmo Bank Statement Disposable Income: $[readcted] |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-22): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115302 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX (XXXX) business days prior to consummation. | No evidence that borrower received a copy of appraisal at least XXXX business days to closing. | Reviewer Comment (2025-05-30): Client elects to waive Seller Comment (2025-05-26): (Rate Lock) Lender accepts the EV2 and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115305 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Final 1003 missing in file. | Reviewer Comment (2025-06-11): Received final 1003 in trailing docs. Seller Comment (2025-06-09): Please see attached signed final 1003 |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Second Home | Purchase | C | B | C | B | C | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115305 | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. |
Loan to Value: [readcted] Guideline Maximum Loan to Value: [readcted] DTI: [readcted] Guideline Maximum DTI: [readcted] Borrower has been employed in the same industry for more than XXXX years. Reserves: XXXX Guideline Requirement: [readcted] |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. Seller Comment (2025-06-09): [redact] approved as non-warrantable with exception applied. Please see attached approval form. |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Second Home | Purchase | C | B | C | B | C | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115305 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX (XXXX ) business days prior to consummation. | No evidence that borrower received a copy of appraisal at least XXXX business days to closing. | Reviewer Comment (2025-06-11): Client elects to waive. Seller Comment (2025-06-09): [redact] accepts EV 2 please waive and close out. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Second Home | Purchase | C | B | C | B | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115305 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account Statement Missing | RESPA: Initial escrow account statement was not provided to the borrower. | Reviewer Comment (2025-06-11): Client elects to waive. Seller Comment (2025-06-09): [redact] accepts EV 2 please waive and close out. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Second Home | Purchase | C | B | C | B | C | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115305 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least XXXX (XXXX ) business days prior to closing. | Closing Disclosure not provided to Borrower at least XXXX business days prior to closing. | Reviewer Comment (2025-06-10): XXXX received initial CD. Seller Comment (2025-06-09): Please see attached initial CD dated XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Second Home | Purchase | No Defined Cure | C | B | C | B | C | B | A | A | XXXX | XXXX | No | |||||
| XXXX | XXXX | XXXX | 4350115305 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-10): XXXX received a valid COC. Seller Comment (2025-06-09): See attached VCOC |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115306 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved an exception which was approved to XXXX of XXXX . | Borrower has owned the subject property for at least XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Reserves: [readcted] Guideline Requirement[readcted] Loan to Value: XXXX Guideline Maximum Loan to Value: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is 0x30x24 or better and borrower has real estate investment experience as seasoned investor with more than XXXX prior investments displaying at least 0x30x12 pay history. |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-05-28): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115308 | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Lender approved exception for Condo loan looking to close with outstanding maintenance repairs for the project. | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower has verified disposable income of at least $XXXX. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX Borrower has verified disposable income of at least $XXXX. |
Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-13): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115309 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | File is missing third-party verification within XXXX days prior to Note date for borrower self-employed income. | Reviewer Comment (2025-06-06): Received business listing dated prior to closing in trailing docs. Reviewer Comment (2025-05-27): Provided Internet Search verified phone number of Borrower Business but the Business address is missing . provide us with CPA letter or Internet Search with phone and address of business Exception remains. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115309 | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | South Carolina Home Loan (Acknowledgement of Receipt of Complaint Agency Disclosure Not In File) | XXXX Home Loan: Borrower did not acknowledge receipt of document specifying the agency designated to receive complaints or inquiries about the origination and making of the loan. | Borrower did not acknowledge receipt of document specifying the agency designated to receive complaints or inquiries about the origination and making of the loan. | Reviewer Comment (2025-05-28): Received fully executed disclosure in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115309 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan Designation discrepancy due to missing third-party verification within XXXX days prior to Note date for borrower self-employed income. | Reviewer Comment (2025-06-06): Received business listing dated prior to closing in trailing docs. Reviewer Comment (2025-05-28): Received internet business listing in trailing docs. Guidelines state the existence of the borrower's business must be verified within XXXX calendar days prior to the note date, the listing provided is not dated, the other document provided carries a date that is post-close. Reviewer Comment (2025-05-27): Provided Internet Search verified phone number of Borrower Business but the Business address is missing . provide us with CPA letter or Internet Search with phone and address of business Exception remains. |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115309 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank XXXX ): Unable to verify current employment status using reasonably reliable XXXX -party records. | Waterfall due to missing XXXX -party verification within XXXX days prior to Note date for borrower self-employed income. | Reviewer Comment (2025-06-06): Received business listing dated prior to closing in trailing docs. Reviewer Comment (2025-05-28): Received internet business listing in trailing docs. Guidelines state the existence of the borrower's business must be verified within XXXX calendar days prior to the note date, the listing provided is not dated, the other document provided carries a date that is post-close. Reviewer Comment (2025-05-27): Provided Internet Search verified phone number of Borrower Business but the Business address is missing . provide us with CPA letter or Internet Search with phone and address of business Exception remains. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115309 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank XXXX ): General Ability-to-Repay requirements not satisfied. | Waterfall due to missing XXXX -party verification within XXXX days prior to Note date for borrower self-employed income. | Reviewer Comment (2025-06-06): Received business listing dated prior to closing in trailing docs. Reviewer Comment (2025-05-27): Provided Internet Search verified phone number of Borrower Business but the Business address is missing . provide us with CPA letter or Internet Search with phone and address of business Exception remains. |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115309 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Closing Disclosure Issue Date Not Provided | TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on XXXX did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available. | Issue Date not provided. | Reviewer Comment (2025-05-27): Blank CD not provided to consumer excluded from testing. Attestation provided Reviewer Comment (2025-05-26): There are XXXX XXXX CDs in the loan file. XXXX have issue dates and XXXX does not (Doc XXXX) Per TRID Grid XXXX, Additional Considerations Row XXXX, The TPR firm can exclude an LE or CD from consideration if it was not provided to the consumer. Acceptable documentation is a lender attestation that it was not provided to the consumer. (This is only applicable if the document is not acknowledged by the consumer.) Attestation should be in a separate document that can be included in the loan file. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | Good Faith Redisclosure | C | B | C | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115309 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for mortgage late of XXXX in the last XXXX -months. | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-21): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115309 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | File is missing third-party verification within XXXX days prior to Note date for borrower self-employed income. | Reviewer Comment (2025-06-06): Received business listing dated prior to closing in trailing docs. Reviewer Comment (2025-05-27): Provided Internet Search verified phone number of Borrower Business but the Business address is missing . provide us with CPA letter or Internet Search with phone and address of business Exception remains. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115309 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank XXXX ): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to missing XXXX -party verification within XXXX days prior to Note date for borrower self-employed income. | Reviewer Comment (2025-06-06): Received business listing dated prior to closing in trailing docs. Reviewer Comment (2025-05-28): Received internet business listing in trailing docs. Guidelines state the existence of the borrower's business must be verified within XXXX calendar days prior to the note date, the listing provided is not dated, the other document provided carries a date that is post-close. Reviewer Comment (2025-05-27): Provided Internet Search verified phone number of Borrower Business but the Business address is missing . provide us with CPA letter or Internet Search with phone and address of business Exception remains. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115309 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX ): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to missing third-party verification within XXXX days prior to Note date for borrower self-employed income. | Reviewer Comment (2025-06-06): Received business listing dated prior to closing in trailing docs. Reviewer Comment (2025-05-28): Received internet business listing in trailing docs. Guidelines state the existence of the borrower's business must be verified within XXXX calendar days prior to the note date, the listing provided is not dated, the other document provided carries a date that is post-close. Reviewer Comment (2025-05-27): Provided Internet Search verified phone number of Borrower Business but the Business address is missing . provide us with CPA letter or Internet Search with phone and address of business Exception remains. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115311 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:XXXX Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-18): XXXX received Letter of Explanation, Pay history and Corrected CD. Seller Comment (2025-06-17): (Rate Lock) PCCD provided Reviewer Comment (2025-06-17): XXXX received CD dated XXXX along with COC dated XXXX is already present in file. CD dated XXXX is after closing and lender credit cannot be re-baseline. Provide Cure Docs. Cure Docs consists of PCCD, LOE, Refund Check and Proof of Mailing. Seller Comment (2025-06-16): (Rate Lock) CIC provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115311 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-17): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Seller Comment (2025-06-16): (Rate Lock) Cure was already applied at closing |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115313 | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | HUD/CD missing in file. | Reviewer Comment (2025-06-10): Received statement in trailing docs. Seller Comment (2025-06-06): (Rate Lock) Please see attached ALTA settlement statement |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115315 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject XXXX ) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject XXXX ) XXXX. | Lender approved exception for XXXX below XXXX and borrower being first time investor. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Housing payment history is 0x30x24 or better |
Originator,SitusAMC Originator |
Reviewer Comment (2025-06-04): Housing payment history is XXXX or better |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115316 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan Designation discrepancy due to insufficient resrves. | Reviewer Comment (2025-06-18): System cleared with Compensating Factors from Lender Exception. Seller Comment (2025-06-15): (Rate Lock) Exception provided Reviewer Comment (2025-06-10): Have to use the CD from Note date because borrower is required to have funds at consummation per ATR. Seller Comment (2025-06-06): (Rate Lock) Not sure where $XXXX is coming from as this is not the correct funds borrower is required to bring. Please see cert and refer to wire receipts of borrowers funds. Reviewer Comment (2025-06-05): Borrower funds (XXXX + XXXX+ XXXX + $XXXX ) = $XXXX) - ((EMD= $XXXX) + (POC= $XXXX) + (Funds to Close=$XXXX) = $XXXX/$XXXX PITIA = XXXX. Required after all closing funds accounted for is $XXXX, short $XXXX. Seller Comment (2025-06-02): (Rate Lock) Please provide updated calc without gift funds as they are verified. Reviewer Comment (2025-06-02): Assets verified are still not sufficient to meet the reserves requirements. Seller Comment (2025-05-28): (Rate Lock) Gift was verified and to not be included in borrowers funds Reviewer Comment (2025-05-27): (Borrower funds (XXXX+ XXXX + XXXX+ $XXXX + $XXXX) = $XXXX) - ((EMD= $XXXX) + (POC= $XXXX) + (Funds to Close=$XXXX + (Gift funds= $XXXX)) = $XXXX/$XXXX PITIA = XXXX. Required after all closing funds accounted for is $XXXX, short $XXXX. Seller Comment (2025-05-27): (Rate Lock) Total assets: (XXXX + XXXX + XXXX) = XXXX Funds to close (XXXX + XXXX) = XXXX Balance of Assets after closing: $XXXX/XXXX(PITIA) = XXXXmonths reserves |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115316 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to insufficient reserves. | Reviewer Comment (2025-06-18): System cleared with Compensating Factors from Lender Exception. Seller Comment (2025-06-15): (Rate Lock) Exception provided Reviewer Comment (2025-06-10): Have to use the CD from Note date because borrower is required to have funds at consummation per ATR. Seller Comment (2025-06-06): (Rate Lock) Not sure where $XXXX is coming from as this is not the correct funds borrower is required to bring. Please see cert and refer to wire receipts of borrowers funds. Reviewer Comment (2025-06-05): Borrower funds (XXXX + XXXX+ XXXX + $XXXX ) = $XXXX) - ((EMD= $XXXX) + (POC= $XXXX) + (Funds to Close=$XXXX) = $XXXX/$XXXX PITIA = XXXX. Required after all closing funds accounted for is $XXXX, short $XXXX. Seller Comment (2025-06-02): (Rate Lock) Please provide updated calc without gift funds as they are verified. Reviewer Comment (2025-05-30): Additional assets are required to meet the PITIA reserve months required as per the guideline exception remains. Seller Comment (2025-05-28): (Rate Lock) Gift was verified and to not be included in borrowers funds Reviewer Comment (2025-05-27): (Borrower funds (XXXX+ XXXX + XXXX+ $XXXX + $XXXX) = $XXXX) - ((EMD= $XXXX) + (POC= $XXXX) + (Funds to Close=$XXXX + (Gift funds= $XXXX)) = $XXXX/$XXXX PITIA = XXXX. Required after all closing funds accounted for is $XXXX, short $XXXX. Seller Comment (2025-05-27): (Rate Lock) Total assets: (XXXX + XXXX + XXXX) = XXXX Funds to close (XXXX + XXXX) = XXXX Balance of Assets after closing: $XXXX/XXXX(PITIA) = XXXXmonths reserves |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115316 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX. | UPDATED XXXX. Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX **** Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX . | Reviewer Comment (2025-06-18): Lender provided exceptions with compensating factors. Seller Comment (2025-06-15): (Rate Lock) Exception provided Reviewer Comment (2025-06-10): Have to use the CD from Note date because borrower is required to have funds at consummation per ATR. Seller Comment (2025-06-06): (Rate Lock) Not sure where $XXXXis coming from as this is not the correct funds borrower is required to bring. Please see cert and refer to wire receipts of borrowers funds. Reviewer Comment (2025-06-05): Borrower funds (XXXX + XXXX+ XXXX + $XXXX ) = $XXXX) - ((EMD= $XXXX) + (POC= $XXXX) + (Funds to Close=$XXXX) = $XXXX/$XXXX PITIA = XXXX. Required after all closing funds accounted for is $XXXX, short $XXXX. Seller Comment (2025-06-02): (Rate Lock) Please provide updated calc without gift funds as they are verified. Reviewer Comment (2025-05-30): Additional assets are required to meet the PITIA reserve months required as per the guideline exception remains. Seller Comment (2025-05-28): (Rate Lock) Gift was verified and to not be included in borrowers funds Reviewer Comment (2025-05-27): (Borrower funds (XXXX+ XXXX + XXXX+ $XXXX+ $XXXX) = $XXXX) - ((EMD= $XXXX) + (POC= $XXXX) + (Funds to Close=$XXXX + (Gift funds= $XXXX)) = $XXXX/$XXXX PITIA = XXXX. Required after all closing funds accounted for is $XXXX, short $XXXX. Seller Comment (2025-05-27): (Rate Lock) Total assets: (XXXX + XXXX + XXXX) = XXXX Funds to close (XXXX + XXXX) = XXXX Balance of Assets after closing: $XXXX/XXXX(PITIA) = XXXXmonths reserves |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115317 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Borrower does not meet maximum LTV of XXXX % for property in a declining market, guidelines require XXXX % LTV reduction. | Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Borrower has verified disposable income of at least $XXXX. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Documentation Type: XXXXmo Bank Statement Disposable Income: $XXXX |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-29): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115317 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | Borrower does not meet maximum CLTV of XXXX % for property in a declining market, guidelines require XXXX % CLTV reduction. | Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Borrower has verified disposable income of at least $XXXX. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Documentation Type: XXXXmo Bank Statement Disposable Income: $XXXX |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-29): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115317 | XXXX | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Borrower's mortgage payment history for the most recent XXXX months was not provided. | Reviewer Comment (2025-06-02): Credit report showing VOR/VOM information, Exception cleared. Seller Comment (2025-06-02): (Rate Lock) VOM provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115317 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to use XXXX funds on an XXXX property transaction. | Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Borrower has verified disposable income of at least $XXXX. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Documentation Type: XXXXmo Bank Statement Disposable Income: $XXXX |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-29): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115318 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX % or $XXXX . Insufficient or no cure was provided to the borrower. | Total amount of $XXXX exceeds tolerance of $XXXX . No valid change of circumstance or cure for borrower provided. | Reviewer Comment (2025-07-02): XXXX received Post CD and LOX along with FInal SS. Seller Comment (2025-07-01): (Rate Lock) Statement provided again. Please review, as top shows 'Final' and bottom corner reflects true and certified copy. Reviewer Comment (2025-07-01): XXXX no copy of final settlement statement received. Please provide true & certified copy of final settlement statement to re-evaluate the exception. Seller Comment (2025-06-27): (Rate Lock) Nothing else needs provided. Please review the Final SS provided, the bottom visibly states "Certified to be a True and Exact Copy of the Original Hereof' and signed by escrow. This is what has been asked for and provided. Please clear. Reviewer Comment (2025-06-26): XXXX No new documents received. Provide True and Certified Final SS. Seller Comment (2025-06-25): (Rate Lock) The provided states 'Final' at the top and stamped Certified True and Exact Copy. This is sufficient to clear Reviewer Comment (2025-06-25): XXXX received corrected PCCD and LOE with corrected fees but a copy of true and certified final SS is required to finalize the fee. Seller Comment (2025-06-24): (Rate Lock) PCCD and LOE provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115318 | XXXX | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Borrower's current mortgage history was not provided. | Reviewer Comment (2025-06-20): Exception cleared. Received Bank Statements and updated correctly. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115319 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Borrower does not meet maximum LTV of XXXX%. Property in declining market requires XXXX% LTV reduction. | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower has verified disposable income of at least $XXXX. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-02): Lender exceptions with comp factors. Seller Comment (2025-05-30): (Rate Lock) Exception provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115319 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | Borrower does not meet maximum CLTV of XXXX%. Property in declining market requires XXXX% CLTV reduction. | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower has verified disposable income of at least $XXXX. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-02): Lender exceptions with comp factors. Seller Comment (2025-05-30): (Rate Lock) Exception provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115320 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved credit exception- CO Refi with XXXX score less than XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-09): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115320 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for borrower lives rent free with spouse which is ineligible per guidelines. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-09): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115323 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX (XXXX ) business days prior to consummation. | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX XXXX business days prior to consummation. (Type:Primary/XXXX ) | Reviewer Comment (2025-05-30): Client elects to waive Seller Comment (2025-05-27): Please waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115324 | XXXX | XXXX | Credit | Credit | Miscellaneous | Credit | A copy of Asset Verification Report is not on file. | Property is subject to rent control and the allowable annual rent increase for XXXXis only XXXX% (minimum allowed per guidelines is XXXX%). | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The XXXX is greater than the guideline requirement by XXXX. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. XXXX month housing history. |
Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-05-14): Lender exception with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115324 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | XXXX of the XXXXUnits are below XXXX sq ft that do not meet guideline requirements (studios - XXXX is XXXXsq ft and the other XXXXsq ft). | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The XXXX is greater than the guideline requirement by XXXX. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. XXXX month housing history. |
Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-05-14): Lender exception with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115325 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX % or $XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for recording fee. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX % or $XXXX without any valid changed circumstances. No Cure was provided. | Reviewer Comment (2025-06-02): XXXX received PCCD, LOE and Payment history. Seller Comment (2025-05-30): (Rate Lock) Provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115326 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender exception approved for DSCR less than XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
SitusAMC SitusAMC |
Reviewer Comment (2025-06-03): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115329 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXX ): Borrower waived right to receive a copy of the appraisal at least XXXX (XXXX ) business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least XXXX (XXXX) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-06-04): Client elects to waive. Seller Comment (2025-06-02): (Rate Lock) Lender accepts the EV2 and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115329 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-28): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | C | B | C | B | B | B | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115329 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for XXXX months verified rents. Required verified rets is XXXX months. | The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
DTI: XXXX% Guideline Maximum DTI: XXXX% Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-30): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | B | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115329 | XXXX | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Loan file is missing a verification of rent that shows the payment history. | Reviewer Comment (2025-06-03): Rent verified from bank statement. Exception cleared Seller Comment (2025-06-02): (Rate Lock) VOR provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | B | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115332 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for use of XXXX different business accounts, assets were transferred from XXXX account to another already existing XXXX business account. | Borrower has verified disposable income of at least $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower has been employed in the same industry for more than XXXX years. |
Borrower has verified disposable income of at least $XXXX. DTI: XXXX% Guideline Maximum DTI: XXXX% Reserves: XXXX Guideline Requirement: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-12): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115332 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-18): XXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115332 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for XXXX NSF and XXXX overdrafts within the past XXXX months, guidelines allow max XXXX NSFs. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Borrower has verified disposable income of at least $XXXX. Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% |
SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-12): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115338 | XXXX | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Provided hazard insurance is dated after closing date. | Reviewer Comment (2025-06-12): Received corrected policy in trailing docs. Seller Comment (2025-06-10): (Rate Lock) HOI provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115340 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to allow income from XXXX businesses when XXXX is the max. | The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous |
Guidelines Representative FICO: XXXX Representative FICO: XXXX Reserves: XXXX Guideline Requirement: XXXX Housing payment history is 0x30x24 or better |
Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-12): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115342 | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Reviewer Comment (2025-06-09): Received warranty doc in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115342 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX % or $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-06-03): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | C | B | C | B | A | A | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115342 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Use of the XXXX month average of 1099 income $XXXX from 1099 employment as truck driver withXXXX when YTD average is more than XXXX % less at $XXXX . Borrower takes off both XXXX and XXXX every year for vacation according to LOE from employer and borrower. XXXX and XXXX XXXX - XXXX bank statements provided to support explanation. | Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% DTI: XXXX% Guideline Maximum DTI: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-04): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115348 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Provide Lender exception Approval for XXXX calculation, Guidelines XXXX is XXXX and calculated is less than XXXX. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Combined Loan to Value: XXXX% Guideline Maximum Combined Loan to Value: XXXX% Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX Lender exceptions with comp factors. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-05-30): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115352 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX . | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Miscellaneous The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Housing payment history is 0x30x24 or better Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator SitusAMC,Originator |
Reviewer Comment (2025-06-09): Lender approved an exception for missing XXXX additional reserves. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | B | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115352 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-17): XXXX received PCCD, LOE, proof of mailing & copy of refund check. Reviewer Comment (2025-06-12): XXXX received Post CD,LOX and proof of mailing. However, we would also require proof of mailing in order to cure the exception. |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115352 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure - XXXX Cure | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower. | Sufficient cure provided at closing | Reviewer Comment (2025-06-17): Sufficient Cure Provided within 60 Days of Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | B | B | C | B | A | A | XXXX | XXXX | Yes | ||||||||||
| XXXX | XXXX | XXXX | 4350115353 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | XXXX HPML XXXX Non Compliant | XXXX Higher-Priced Mortgage Loan: APR on subject loan of XXXX % or Final Disclosure APR of XXXX % is equal to or greater than the threshold of APOR XXXX % + XXXX %, or XXXX %. Non-Compliant Higher Priced Mortgage Loan. | APR of XXXX % or Final Disclosure APR of XXXX % is equal to or greater than the threshold of APOR XXXX % + XXXX %, or XXXX %. | Reviewer Comment (2025-06-10): Received confirmation of appraisal. Seller Comment (2025-06-06): My apologies, I mis-labeled the attachment. Here is XXXX delivery confirmation, thank you Reviewer Comment (2025-06-06): Received delivery confirmation for XXXX appraisal. Delivery confirmation for XXXX appraisal has not been provided. Seller Comment (2025-06-04): Appraisal confirmation XXXX for appraisal dated XXXX - thought I had uploaded this. thanks Reviewer Comment (2025-06-04): Delivery of the XXXX appraisal not provided. Seller Comment (2025-05-30): Providing appraisal delivery confirmations for both appraisals. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | A | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115353 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Flipped Property - Did Not Obtain 2 Appraisals) | TILA HPML Appraisal Rule (Dodd-Frank XXXX ): Flipped Property - Creditor did not obtain XXXX (XXXX ) written appraisals. | Creditor did not obtain two written appraisals. | Reviewer Comment (2025-06-04): Delivery provided. Seller Comment (2025-05-30): Appraisal #XXXX Seller Comment (2025-05-30): Providing copies of both appraisals |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | A | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115353 | XXXX | XXXX | Compliance | Compliance | State Compliance | State HPML | XXXX Home Loan Threshold Fixed Compliant | XXXX Loan: APR on subject loan of XXXX% or Final Disclosure APR of XXXX% is in excess of allowable threshold of Prime Mortgage Market Rate XXXX+ XXXX%, or XXXX%. Compliant SubPrime Loan. | XXXX Subprime Loan: APR on subject loan of XXXX % or Final Disclosure APR of XXXX % is in excess of allowable threshold of Prime Mortgage Market Rate XXXX + XXXX %, or XXXX %. Compliant XXXX . | Reviewer Comment (2025-06-12): Client elects to waive. Seller Comment (2025-06-10): Elect to waive EV2 and close out Reviewer Comment (2025-06-10): This is an informational exception that will remain and EV2 and can be waived. Seller Comment (2025-06-06): My apologies, I mis-labeled the attachment. Here is XXXX delivery confirmation, thank you Reviewer Comment (2025-06-06): Received delivery confirmation for XXXX and XXXX appraisals. Delivery confirmation for XXXX appraisal has not been provided. Seller Comment (2025-06-04): Appraisal delivery confirmation from XXXX, previously submitted Reviewer Comment (2025-06-04): Delivery of the XXXX appraisal not provided. Seller Comment (2025-05-30): Appraisal delivery confirmations for both appraisals |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | (Limited Use Bona Fide Errors - Compliance and Client Approval Required) With no time limit for which a cure may be made, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the subprime home loan threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. | C | B | A | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115353 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX (XXXX ) business days prior to consummation. | Reviewer Comment (2025-06-10): Received confirmation of appraisal. Seller Comment (2025-06-06): My apologies, I mis-labeled the attachment. Here is XXXX delivery confirmation, thank you Reviewer Comment (2025-06-06): Received delivery confirmation for XXXX and XXXX appraisals. Delivery confirmation for XXXX appraisal has not been provided. Seller Comment (2025-06-04): Appraisal delivery confirmations from XXXX and XXXX for each appraisal. we have XXXX |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Primary | Purchase | C | B | A | A | C | B | A | A | XXXX | XXXX | No | ||||||||||||
| XXXX | XXXX | XXXX | 4350115353 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX (XXXX ) business days prior to consummation. | Reviewer Comment (2025-06-10): Received confirmation of appraisal. Seller Comment (2025-06-06): My apologies, I mis-labeled the attachment. Here is XXXX delivery confirmation, thank you Reviewer Comment (2025-06-06): Received delivery confirmation for XXXX and XXXX appraisals. Delivery confirmation for XXXX appraisal has not been provided. Seller Comment (2025-06-04): Appraisal delivery XXXX for XXXX appraisal with signature date of XXXX. Seller Comment (2025-06-04): Appraisal confirmation dated XXXX, XXXX appraisal signature date XXXX, closing XXXX. |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Primary | Purchase | C | B | A | A | C | B | A | A | XXXX | XXXX | No | ||||||||||||
| XXXX | XXXX | XXXX | 4350115354 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Reason | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. | Final Closing Disclosure does not indicate why the loan will not have an escrow account. | Reviewer Comment (2025-05-12): XXXX Received Letter of Explanation & Corrected Closing Disclosure. |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115354 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX% or $XXXX. Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX% or $XXXX. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-12): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115354 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure - XXXX Cure | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX% or $XXXX. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-05-12): Sufficient Cure Provided within XXXX Days of Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Primary | Refinance - Rate/Term | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | XXXX | XXXX | Yes | |||||||||||
| XXXX | XXXX | XXXX | 4350115355 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | LTV exceeds max of XXXX% for a loan with escrow waiver. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-10): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Second Home | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115355 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | LTV exceeds max of XXXX % for a loan with escrow waiver. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-10): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Second Home | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115356 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Title is not vested is in the borrower name and Warranty deed showing deed was transferred to the borrower was not provided. | Reviewer Comment (2025-05-22): Warranty deed showing deed was transferred to the borrowing entity was received. Exception cleared. |
XXXX | XXXX | XXXX | 1 | D | A | D | A | D | A | D | A | D | A | XXXX | XX | Investment | Purchase | D | A | D | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115358 | XXXX | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Hazard Insurance Policy Effective Date XXXX; Disbursement Date: XXXX; Note Date: XXXX; Transaction Date: XXXX | The Hazard Insurance Policy Effective Date is after the Note date of XXXX. | Reviewer Comment (2025-07-09): Loan funded XXXX. Seller Comment (2025-07-06): (Rate Lock) Final SS showing funding XXXX Reviewer Comment (2025-06-27): Please provide final evidence of funding on or after XXXX. Seller Comment (2025-06-25): (Rate Lock) Settlement Statement HUD does have a disbursement date. Since this is a XXXX loan this is valid to determine disbursement. Please clear Reviewer Comment (2025-06-25): Signed Final HUD-1 provided does not reflect the disbursement date. Please provide final signed/certified Closing statement/HUD-1 that reflects the disbursement date. Seller Comment (2025-06-23): (Rate Lock) We do not go off the note date, HOI effective disbursement is sufficient. Please clear or escalate. Reviewer Comment (2025-06-20): Hazard Insurance Policy Effective date is XXXX and note date is XXXX.Exception Remains. Seller Comment (2025-06-18): (Rate Lock) Signed CD at close shows funding XXXX Reviewer Comment (2025-06-18): Closing statement does not reflect disbursement date, provide final signed/certified closing statement. Seller Comment (2025-06-15): (Rate Lock) HOI effective XXXX provided and loan disbursed XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | XXXX | No | |||||||||
| XXXX | XXXX | XXXX | 4350115361 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for cash out seasoning requirements not met. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Combined Loan to Value: XXXX% Guideline Maximum Combined Loan to Value: XXXX% Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-25): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115363 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXX ): Borrower waived right to receive a copy of the appraisal at least XXXX XXXX business days prior to closing, and appraisal was not provided at or before closing. | Evidence of borrower's receipt of appraisal was not provided. | Reviewer Comment (2025-06-06): Client elects to waive. Seller Comment (2025-06-04): (Rate Lock) accept EV2 as is and wishes to proceed |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | A | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115365 | XXXX | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXXX | XXXX Valuation Document missing in Loan File. Most recent UCDP risk scores dated XXXX are greater than XXXX . | Reviewer Comment (2025-06-25): CDA provided. Exception cleared. |
XXXX | XXXX | XXXX | 1 | D | A | D | A | D | A | D | A | D | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | A | A | A | D | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115366 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | DSCR below XXXX -Lender Exception provided. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
FICO higher than XXXX, AND at least XXXX points higher than guideline minimum. | SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-05): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115367 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved an exception for DSCR less than the guideline minimum of XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is 0x30x24 or better |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-19): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115370 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | XXXX -month Mortgage History or Verification of Mortgage document was not provided. | Reviewer Comment (2025-05-27): Evidence of no mortgage provided. Seller Comment (2025-05-23): (Rate Lock) Please see attached title commitment showing no mortgage liens on the property as well as the purchase HUD showing no loan was used to purchase the property. The property is owned free and clear so it does not have a XXXX-month mortgage payment history |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | D | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115371 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | August XXXX and January XXXX Bank Statement is missing in loan file. | Reviewer Comment (2025-06-16): Received bank statements in trailing docs. Seller Comment (2025-06-13): ATTACHED |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115371 | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | August XXXX and January XXXX Bank Statement missing in loan file. | Reviewer Comment (2025-06-16): Received bank statements in trailing docs. Seller Comment (2025-06-13): BK STMTS PROVIDED |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115371 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | August XXXX and January XXXX Business Bank Statements missing in loan file. | Reviewer Comment (2025-06-16): Received bank statements in trailing docs. Seller Comment (2025-06-13): BK STMT PROVIDED |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115371 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation discrepancy due to XXXX and XXXX Business Bank Statements missing in loan file for income calculation. | Reviewer Comment (2025-06-16): Received bank statements in trailing docs. Seller Comment (2025-06-13): BK STMNT PROVIDED |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115371 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX ): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to XXXX and XXXX Business Bank Statements missing in loan file for income calculation. | Reviewer Comment (2025-06-16): Received bank statements in trailing docs. Seller Comment (2025-06-13): BK STMNT PROVIDED |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115371 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank XXXX ): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | August XXXX and January XXXX Business Bank Statements missing in loan file for income calculation. | Reviewer Comment (2025-06-16): Received bank statements in trailing docs. Seller Comment (2025-06-13): BK STMNT PROVIDED |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115374 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX. | UPDATED XXXX ****Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX due to insufficient funds provided in file. | Borrower has verified disposable income of at least $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Documentation Type: XXXXmo Bank Statement Disposable Income: $XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-25): Lender Exception provided with Compensating Factors. Seller Comment (2025-06-22): (Rate Lock) exception was previously uploaded Reviewer Comment (2025-06-19): Do not see any asset documentation provided. Reviewer Comment (2025-06-19): EXCEPTION HISTORY - Exception Explanation was updated on XXXX PRIOR Exception Explanation: Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX. Seller Comment (2025-06-17): (Rate Lock) Provided Reviewer Comment (2025-06-13): Borrower funds per documentation provided in file is: ($XXXX) +(POC= $XXXX) = TOTAL= $XXXX. Funds to close =$XXXX. $XXXX- ($XXXX+$XXXX POC) = $XXXX /$XXXX = XXXX months. Borrower funds to meet the reserves requirements is short $XXXX. Seller Comment (2025-06-11): (Rate Lock) Calc provided showing they were not insufficient. please provide rebuttal calc Reviewer Comment (2025-06-10): Exception remains due to insufficient reserves. Seller Comment (2025-06-09): (Rate Lock) Borrower funds= $XXXX) +(POC= $XXXX) = TOTAL $XXXX Funds brought by borrower TOTAL $XXXX $XXXX- $XXXX= $XXXX/$XXXX,= XXXX months Seller Comment (2025-06-04): (Rate Lock) Are calc reserves XXXX or XXXX |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Second Home | Refinance - Rate/Term | C | B | C | B | C | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115374 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation discrepancy due to insufficient reserves. UPDATED XXXX ******* Loan Designation discrepancy due to file missing cash flow analysis/CPA letter indicating withdrawal of funds from business bank accounts will not negatively impact the business. | Reviewer Comment (2025-06-25): System cleared with Compensating Factors from Lender Exception. Seller Comment (2025-06-22): (Rate Lock) exception was previously uploaded Reviewer Comment (2025-06-19): Do not see any asset documentation provided. Seller Comment (2025-06-17): (Rate Lock) Provided Reviewer Comment (2025-06-13): Borrower funds per documentation provided in file is: ($XXXX) +(POC= $XXXX) = TOTAL= $XXXX. Funds to close =$XXXX. $XXXX- ($XXXX+$XXXX POC) = $XXXX /$XXXX = XXXX months. Borrower funds to meet the reserves requirements is short $XXXX. Seller Comment (2025-06-11): (Rate Lock) Calc provided showing they were not insufficient. please provide rebuttal calc Reviewer Comment (2025-06-10): Exception remains due to insufficient reserves. Seller Comment (2025-06-09): (Rate Lock) Borrower funds= $XXXX) +(POC= $XXXX) = TOTAL $XXXX Funds brought by borrower TOTAL $XXXX $XXXX- $XXXX= $XXXX/$XXXX,= XXXX months Reviewer Comment (2025-06-06): Exception remains due to insufficient reserves. Seller Comment (2025-06-04): (Rate Lock) Income is only given to 'XXXX' therefore that is the only business that requires this documentation. This is not in our guidelines, so we defer to XXXX and if we are not giving income qualification we do not need documentation this business is affected by use of assets. |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Second Home | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115374 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX ): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall exception due to insufficient reserves. UPDATED XXXX ******* Waterfall due to due to file missing cash flow analysis/CPA letter indicating withdrawal of funds from business bank accounts will not negatively impact the business and insufficient funds to cover reserves. | Reviewer Comment (2025-06-25): System cleared with Compensating Factors from Lender Exception. Seller Comment (2025-06-22): (Rate Lock) exception was previously uploaded Reviewer Comment (2025-06-19): Do not see any asset documentation provided. Seller Comment (2025-06-17): (Rate Lock) Provided Reviewer Comment (2025-06-13): Borrower funds per documentation provided in file is: ($XXXX) +(POC= $XXXX) = TOTAL= $XXXX. Funds to close =$XXXX. $XXXX - ($XXXX+$XXXX POC) = $XXXX /$XXXX = XXXX months. Borrower funds to meet the reserves requirements is short $XXXX. Seller Comment (2025-06-11): (Rate Lock) Calc provided showing they were not insufficient. please provide rebuttal calc Reviewer Comment (2025-06-10): Exception remains due to insufficient reserves. Seller Comment (2025-06-09): (Rate Lock) Borrower funds= $XXXX) +(POC= $XXXX) = TOTAL $XXXX Funds brought by borrower TOTAL $XXXX $XXXX- $XXXX= $XXXX/$XXXX,= XXXXmonths Reviewer Comment (2025-06-06): Exception remains due to insufficient reserves. Seller Comment (2025-06-04): (Rate Lock) Income is only given to 'Properties by Us' therefore that is the only business that requires this documentation. This is not in our guidelines, so we defer to XXXX and if we are not giving income qualification we do not need documentation this business is affected by use of assets. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Second Home | Refinance - Rate/Term | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115375 | XXXX | XXXX | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | Lender's initial 1003 is missing in file. | Reviewer Comment (2025-06-11): Received final 1003 in trailing docs. Seller Comment (2025-06-09): Final 1003 signed at closing |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Primary | Purchase | B | A | A | A | B | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115376 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Loan file is missing Tax and insurance verification for XXXX, mortgage statement for XXXX , mortgage statement for XXXX , mortgage statement forXXXX , mortgage statement forXXXX. and mortgage statement for XXXX. | Reviewer Comment (2025-06-04): Received documents in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115376 | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | Rent comparison schedule not provided in file. | Reviewer Comment (2025-06-04): Received document in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115377 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for pending discriminate on lawsuit against the HOA. The claim was denied by HUD but claimant filed an appeal therefore, still pending. HOA is stating this will be covered by insurance but will not provide an attorney letter, only confirmed this by email. HOA is reported to have $XXXX in current reserve account. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-16): Lender exception with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115378 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Requested: Need exception for HOA not having a XXXX budget (working off a XXXX -XXXX budget, noted "now XXXX " and email states XXXX not approved yet) Litigation involves construction defects for one single unit (unit XXXX ) - HOA settled a defect lawsuit in XXXX and all XXXX of XXXX units were repaired without incident, but unit XXXX repairs continue to be delayed by the unit owners and interfere with remediation. HOA is suing the unit XXXX owners to abide by the settlement agreement repairs. HOA is the Plaintiff. The lawsuit is creating a negative financial burden by extending the $XXXX monthly special assessment per unit until XXXX. HOA cannot provide engineering report for this unit due to the ongoing litigation. There are XXXX current special assessments. One to pay back loan acquired in XXXX to fund repairs ($XXXX until XXXX ) and $XXXX per unit until XXXX to continue to fund repairs to unit XXXX until case settled). |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-20): Lender exception with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115378 | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | File does not contain documentation from lender/seller confirming the condo is warrantable. | Reviewer Comment (2025-06-25): Received Condo warranty docs in trailing docs. Seller Comment (2025-06-23): (Rate Lock) Condo docs |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115378 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee increased from $XXXX to $XXXX , an increase of $XXXX , without a valid changed circumstance document in file. No cure provided. | Reviewer Comment (2025-06-19): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | C | B | C | B | A | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115379 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX XXXX business days prior to consummation. | No evidence that borrower received a copy of appraisal at least XXXX business days to closing. | Reviewer Comment (2025-06-10): Client elects to waive. Seller Comment (2025-06-06): (Rate Lock) accept EV2 as is and wishes to proceed |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115379 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for borrower renting - XXXX months proof of payment provided with VOR form however, XXXX payment not sourced as borrower paid cash. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% |
SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-05): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115380 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | File is missing statement and tax verification for XXXX | Reviewer Comment (2025-06-03): Closing disclosure received and updated. Exception cleared Seller Comment (2025-06-02): (Rate Lock) Signed CD from file provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115381 | XXXX | XXXX | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | Reviewer Comment (2025-06-11): Received corrected CDA in trailing docs. Seller Comment (2025-06-08): (Rate Lock) CDA provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | A | A | A | A | A | C | A | XXXX | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115382 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXX ): Borrower waived right to receive a copy of the appraisal at least XXXX XXXX business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least XXXX XXXX business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-06-12): Client elects to waive. Seller Comment (2025-06-10): (Rate Lock) Lender accepts the EV2 |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115382 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan Designation discrepancy due to missing evidence of ownership percentage of the borrower in business entity. | Reviewer Comment (2025-06-12): Received proof of ownership percentage in trailing docs. Seller Comment (2025-06-10): (Rate Lock) Proof borrower is the only member and owns XXXX% provided |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115382 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank XXXX ): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to missing evidence of ownership percentage of the borrower in business entity. | Reviewer Comment (2025-06-12): Received proof of ownership percentage in trailing docs. Seller Comment (2025-06-10): (Rate Lock) Proof borrower is the only member and owns XXXX% provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115382 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The loan file does not document the ownership percentage of the borrower in business entity. | Reviewer Comment (2025-06-12): Received proof of ownership percentage in trailing docs. Seller Comment (2025-06-10): (Rate Lock) Proof borrower is the only member and owns XXXX% provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115382 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The loan file does not document the ownership percentage of the borrower in business entity. | Reviewer Comment (2025-06-12): Received proof of ownership percentage in trailing docs. Seller Comment (2025-06-10): (Rate Lock) Proof borrower is the only member and owns XXXX% provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115382 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to missing evidence of ownership percentage of the borrower in business entity. | Reviewer Comment (2025-06-12): Received proof of ownership percentage in trailing docs. Seller Comment (2025-06-10): (Rate Lock) Proof borrower is the only member and owns XXXX% provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115384 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | RESPA | Missing Final HUD-1 RESPA XXXX Occupancy No Business Purpose Cert (Not subject to APL) | RESPA: Missing Final HUD-1 Title Co. Closing Statement used to source fees. XXXX occupancy witrh no business purpose cert in file. Loan is not subject to XXXX tests in scope requiring points and fees. | Reviewer Comment (2025-06-12): Client elects to waive. Seller Comment (2025-06-10): Please clear condition, the document has been provided Reviewer Comment (2025-06-10): This is an informational exception that will remain an EV2 and can be waived. Seller Comment (2025-06-06): attached |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115385 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested exception for a XXXX who lives rent free and purchasing an investment property to use rental income from the subject purchase to offset the PITIA. | The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. |
Guidelines Representative FICO: XXXX Representative FICO: XXXX Reserves: XXXX Guideline Requirement: XXXX |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-29): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115388 | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of XXXX is less than Guideline representative FICO score of XXXX. | Borrower does not meet minimum FICO score of XXXX with LTV XXXX %. | The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. |
DTI: XXXX% Guideline Maximum DTI: XXXX% Reserves: XXXX Guideline Requirement: XXXX |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-29): Lender exception with comp factors. Seller Comment (2025-05-23): Credit Exception |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115389 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX % or $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Valid change of circumstance or sufficient cure is missing. | Reviewer Comment (2025-06-10): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115389 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Lender approved an exception for LTV exceeding max of XXXX % for a non-arms length transaction. | Borrower has verified disposable income of at least $XXXX. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has verified disposable income of at least $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-10): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115389 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | Lender approved an exception for LTV exceeding max of XXXX % for a non-arms length transaction. | Borrower has verified disposable income of at least $XXXX. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has verified disposable income of at least $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-10): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115390 | XXXX | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXX or XXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title provided did not disclose a policy amount. | Reviewer Comment (2025-06-12): Client elects to waive. Seller Comment (2025-06-10): (Rate Lock) accept EV2 as is and wishes to proceed |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115390 | XXXX | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-06-12): Received doc in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115390 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Loan file is missing an insurance verification document for XXXX and a Tax insurance verification document for XXXX. | Reviewer Comment (2025-06-12): Received documents in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115390 | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | The hazard insurance coverage is insufficient by $XXXX . | Reviewer Comment (2025-06-12): Received replacement cost in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115390 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: XXXX qualifying total debt ratio discrepancy. | Calculated DTI of XXXX% exceeds the maximum guideline DTI of XXXX%. | Reviewer Comment (2025-06-20): Documentation provided. Cleared. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115390 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan discrepancy due to Calculated DTI of XXXX % exceeding the maximum guideline DTI of XXXX %. | Reviewer Comment (2025-06-20): Documentation provided. Cleared. |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115390 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX ): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to Calculated DTI of XXXX % exceeding the maximum guideline DTI of XXXX %. | Reviewer Comment (2025-06-20): Documentation provided. Cleared. Reviewer Comment (2025-06-17): Per guidelines, most recent XXXX- or XXXX years personal tax returns with Schedule XXXX is required for rental income calculation. Schedule XXXX was used for XXXX property because it shows it has XXXX reported days of income. XXXX property updated to Lease income. DTI of XXXX% still exceeds the maximum of XXXX%. Reviewer Comment (2025-06-12): REO income was calculated based on documents received. Calculated DTI is XXXX% which exceeds he maximum DTI of XXXX%. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115390 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision XXXX and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank XXXX): The DTI calculated in accordance with the Lenders Guidelines and XXXX (c)(XXXX) of XXXX % significantly exceeds the guideline maximum of XXXX%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | Waterfall due to Calculated DTI of XXXX% exceeding the maximum guideline DTI of XXXX%. | Reviewer Comment (2025-06-20): Documentation provided. Cleared. Reviewer Comment (2025-06-12): REO income was calculated based on documents received. Calculated DTI is XXXX% which exceeds he maximum DTI of XXXX%. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115390 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Verification Of Employment Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | Verification Of Employment Fee was not disclosed on initial Loan estimate but increased to $XXXX on Loan Estimate dated XXXX . File does not contain a valid COC nor evidence of cure is provided in file. | Reviewer Comment (2025-06-19): XXXX received valid COC dated XXXX Reviewer Comment (2025-06-11): XXXX received Changed Circumstance dated XXXX, but it does not give sufficient information on why the Verification of employment fee was added. In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115390 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception to use all XXXX sources of borrower's income to qualify. | Borrower has verified disposable income of at least $XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous |
Borrower has verified disposable income of at least $XXXX. Reserves: XXXX Guideline Requirement: XXXX Borrower has XXXXxXXXXxXXXX housing history and all borrower's jobs are salaried. |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-09): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115390 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for use of 1007 from purchase of XXXX to qualify. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower has verified disposable income of at least $XXXX. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Borrower has verified disposable income of at least $XXXX. Borrower has XXXXxXXXXxXXXX housing history and all borrower's jobs are salaried. |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-09): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115390 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within XXXX XXXX ) business days of application. Initial Loan Estimate dated XXXX was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Reviewer Comment (2025-06-17): XXXX received LE and disclosure summary suffice. |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||||||||
| XXXX | XXXX | XXXX | 4350115391 | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower is a XXXX time home buyer and ineligible per guidelines. | - | Requesting exception for XXXX Time Home Buyer who is also a XXXX Time Investor.Provide additional compelling compensating factors for consideration of downgrading/waiving exception. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Miscellaneous |
Monthly reserves is verified AND at least XXXX months more than guideline minimum Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Borrower has no late housing payments in XXXX months. |
Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-11): Lender exceptions with compensating factors. Seller Comment (2025-06-09): (Rate Lock) CF updated |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115391 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | XXXX is less than the guideline minimum of XXXX .Provide additional compelling compensating factors for consideration of downgrading/waiving exception. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Miscellaneous |
Monthly reserves is verified AND at least XXXX months more than guideline minimum Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Borrower has no late housing payments in XXXX months. |
Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-11): Lender exceptions with compensating factors. Seller Comment (2025-06-09): (Rate Lock) CF updated |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115391 | XXXX | XXXX | Credit | Credit | Miscellaneous | Credit | Asset verification indicated different balance from statements sumbitted | Lender approved exception for credit showing a repossession from XXXX on a XXXX home. Evidence it was paid as a short sale dated may of XXXX.Provide additional compelling compensating factors for consideration of downgrading/waiving exception. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Miscellaneous |
Monthly reserves is verified AND at least XXXX months more than guideline minimum Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Borrower has no late housing payments in XXXX months. |
Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-11): Lender exceptions with compensating factors. Seller Comment (2025-06-09): (Rate Lock) CF updated |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115391 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for use of LOE as a VOR from owner of XXXX residence.Provide additional compelling compensating factors for consideration of downgrading/waiving exception. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Miscellaneous |
Monthly reserves is verified AND at least XXXX months more than guideline minimum Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Borrower has no late housing payments in XXXX months. |
Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-11): Lender exceptions with compensating factors. Seller Comment (2025-06-09): (Rate Lock) CF updated |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115393 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Allow rural property with XXXX acres vs max XXXX acres per XXXX guides.Subject is XXXX transaction and property has XXXX acres (appraisal updated). Please provide an updated list compensating factors on the approval. | The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower has verified disposable income of at least $XXXX. Miscellaneous |
DTI: XXXX% Guideline Maximum DTI: XXXX% Borrower has verified disposable income of at least $XXXX. Borrower has a mortgage history of XXXX+ Years XXXXxXXXX. |
SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-09): Lender exception with comp factors. Seller Comment (2025-06-05): Approved credit exception for both, acreage exceeding guidelines and cash out amount. |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115393 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total XXXX -out discrepancy. | HUD-1 total cash-out of XXXX is greater than Guideline total cash-out of XXXX. | Lender approved an exception for exceeding maximum cash out. Please provide an updated lender exception for total cash out in the amount of $XXXX . | The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower has verified disposable income of at least $XXXX. |
DTI: XXXX% Guideline Maximum DTI: XXXX% Borrower has verified disposable income of at least $XXXX. |
SitusAMC SitusAMC |
Reviewer Comment (2025-06-09): Lender exception with comp factors. Seller Comment (2025-06-05): Approved credit exception for both, acreage exceeding guidelines and cash out amount. |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115394 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan XXXX Test | TILA HPML appraisal Rule (Dodd-Frank XXXX): Safe Harbor requirements not satisfied. | Reviewer Comment (2025-05-30): Client elects to waive. Seller Comment (2025-05-27): Please waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115394 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-21): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | B | B | C | B | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115394 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within XXXX XXXX business days of application. Initial Loan Estimate dated XXXX was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Loan Estimate not delivered to Borrower within XXXX business days of application. | Reviewer Comment (2025-05-27): XXXX received tracking for initial LE it was manually disclosed. Seller Comment (2025-05-27): Please see attached Disclosures manually disclosed |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115394 | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of XXXX is less than Guideline representative FICO score of XXXX. | Lender Approved Exception for Qualifying FICO XXXX below guideline requirement of XXXX . | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Miscellaneous |
Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Credit Depth w/ XXXX total tradelines, XXXX mortgages, oldest XXXX, all XXXXxXXXX. |
Originator,SitusAMC Originator |
Reviewer Comment (2025-05-22): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115395 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for use of Lease rent instead of 1007 rent. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. |
Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Reserves: XXXX Guideline Requirement: XXXX |
SitusAMC SitusAMC |
Reviewer Comment (2025-06-03): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115396 | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Final HUD-1 or Closing Statement or Closing Disclosure missing in loan file. | Reviewer Comment (2025-06-03): Closing Statement provided. Seller Comment (2025-05-29): Final settlement statement stamped and signed by title. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115396 | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $XXXX . Provide updated policy reflecting minimum coverage of $XXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-06-03): RCE provided. Seller Comment (2025-05-29): RCE confirms coverage coverage exceeds replacement cost. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115397 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXX ): Borrower waived right to receive a copy of the appraisal at least XXXX XXXX business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-06-06): Client elects to waive. Seller Comment (2025-06-04): (Rate Lock) accept EV2 as is and wishes to proceed |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115397 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower SE for XXXX months. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Miscellaneous |
Borrower has verified residual income (disposable income) of at least $XXXX per month Monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Housing payment history is XXXXxXXXXxXXXX or better. |
SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-02): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115398 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to use both XXXX and XXXX bank statements for the income calculation. Borrower owns XXXX since XXXX receiving income to his personal checking account and started using a XXXX checking account in XXXX . | Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Miscellaneous |
Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Housing payment history is XXXXxXXXXxXXXX or better. |
SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-02): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115399 | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | Lender approved an exception for XXXX and XXXX having no current housing as they live in a home owned and maintained by XXXX . | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Debt Service Coverage Ratio: XXXX Guideline Requirement: XXXX Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-19): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115400 | XXXX | XXXX | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | 1003 Initial - Lender's is not provided. | Reviewer Comment (2025-06-11): Client elects to waive. Seller Comment (2025-06-09): Please waive Logan excepts EV XXXX. Please clear. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | A | A | C | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115400 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $XXXX exceeds tolerance of $XXXX. Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient cure is required. | Reviewer Comment (2025-06-10): XXXX received a valid COC. Seller Comment (2025-06-09): Please see attached VCOC for points |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115402 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved an exception for XXXX less than XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Lender Exception with Compensating Factors provided. XXXXxXXXXxXXXX |
SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-09): Lender Exception with Compensating Factors provided. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | D | B | D | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115402 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Title is not vested is in the borrower name and Warranty deed showing deed was transferred to the borrower was not provided. | Reviewer Comment (2025-06-12): Received deed in trailing docs. |
XXXX | XXXX | XXXX | 1 | D | A | D | A | D | A | D | A | D | A | XXXX | XX | Investment | Purchase | D | B | D | B | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115406 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-06-20): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115406 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Lender approved an exception for a XXXX % LTV, max is XXXX % for rural property over XXXX acres. | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower has verified disposable income of at least $XXXX. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. DTI: XXXX% Guideline Maximum DTI: XXXX% Reserves: XXXX Guideline Requirement: XXXX Borrower has verified disposable income of at least $XXXX. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-23): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115406 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | Lender approved an exception for a XXXX % LTV, max is XXXX % for rural property over XXXX acres. | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower has verified disposable income of at least $XXXX. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. DTI: XXXX% Guideline Maximum DTI: XXXX% Reserves: XXXX Guideline Requirement: XXXX Borrower has verified disposable income of at least $XXXX. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-23): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115407 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Reason | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. | Final Closing Disclosure did not disclose the reason why the loan will not have an escrow. | Reviewer Comment (2025-06-25): XXXX received Letter of Explanation & Corrected Closing Disclosure. |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115408 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-29): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Second Home | Purchase | Final CD evidences Cure | C | B | C | B | A | A | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115408 | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Reviewer Comment (2025-06-11): Exception clarified. Confirmed no Lender Exception required. Seller Comment (2025-06-09): (Rate Lock) Ratelock provided, but no exception needed since this is how it was locked. Reviewer Comment (2025-06-05): Please provide lender exception for non-warrantable condo. Unclear in exception comments. Seller Comment (2025-06-03): (Rate Lock) Ratelock confirms non-warrantable |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Second Home | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115408 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested exception; could not get confirmation from the insurance carrier that claims will be settled at full replacement cost and the policy has a XXXX % coinsurance clause. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified residual income (disposable income) of at least $XXXX per month. Borrower has worked in the same position for more than XXXX years. Monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. DTI less than XXXX%, AND at least XXXX% less than guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. Housing payment history is XXXXxXXXXxXXXX or better. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-02): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Second Home | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115409 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least XXXX XXXX business days prior to closing. | Final Closing Disclosure not provided to Borrower at least XXXX business days prior to closing | Reviewer Comment (2025-05-27): XXXX received XXXX CD received XXXX business days prior to consummation. Seller Comment (2025-05-27): initial CD Seller Comment (2025-05-27): Providing XXXX Disclosure Tracking Details report confirming the initial CD was emailed to borrower and e-signed on XXXX. Including copy of signed of initial CD |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | XXXX | XXXX | No | |||||
| XXXX | XXXX | XXXX | 4350115410 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX XXXX business days prior to consummation. | No evidence that borrower received a copy of appraisal at least XXXX business days to closing. | Reviewer Comment (2025-06-11): Delivery provided. Seller Comment (2025-06-09): Appraisal Delivered XXXX for XXXX appraisal and received by borrower XXXX. Closing XXXX |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Primary | Purchase | C | B | B | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115410 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank XXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation discrepancy due to issing signed and dated 4506-C for XXXX and XXXX and Verbal verification of employment is required within XXXX business days from the note date. | Reviewer Comment (2025-06-16): System cleared after Lender Exception with Compensating Factors provided. Reviewer Comment (2025-06-11): Sent to Compliance for review. Seller Comment (2025-06-09): Loan was based on guaranteed income from XXXX Package for the next XXXX years. VVOE was not needed because there was no continued employment. 4506s were not needed since this is XXXX. |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | B | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115410 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - W-2 | Ability to Repay (Dodd-Frank XXXX ): Unable to verify current Wages/W-2 employment status using reasonably reliable XXXX-party records. | Verbal verification of employment is required within XXXX business days from the note date. | Reviewer Comment (2025-06-16): System cleared after Lender Exception with Compensating Factors provided. Reviewer Comment (2025-06-11): Sent to Compliance for review. Seller Comment (2025-06-09): Loan was based on guaranteed income from XXXX Package for the next XXXX years. VVOE was not needed because there was no continued employment. 4506s were not needed since this is XXXX. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | B | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115410 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank XXXX ): General Ability-to-Repay requirements not satisfied. | Waterfall due to missing signed and dated 4506-C for XXXX and XXXX and Verbal verification of employment is required within XXXX business days from the note date. | Reviewer Comment (2025-06-16): System cleared after Lender Exception with Compensating Factors provided. |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | C | B | B | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115410 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved to qualify borrower using XXXX severance package that started in XXXX . XXXX has received first payment. Greater details attached and outlined in the LOX. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower's monthly mortgage payment has decreased by at least XXXX%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Documentation Type: XXXXyr Full Doc Disposable Income: $XXXX Reserves: XXXX Guideline Requirement: XXXX |
SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-16): Lender Exception with Compensating Factors provided. Reviewer Comment (2025-06-05): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115411 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final XXXX | Reviewer Comment (2025-05-21): Received 1003 in trailing docs. Seller Comment (2025-05-20): (Rate Lock) XXXX provided, not need to be signed and this is a XXXX loan and informational only |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115411 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Calculated Debt Service Coverage Ratio of XXXX does not meet Guideline Debt Service Coverage Ratio XXXX . | Borrower has owned the subject property for at least XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. XXXXxXXXXxXXXX month housing history. |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-05-14): Lender exception with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115411 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested exception for property listed within the past XXXX months which is not allowed by guidelines for a cash out transaction. | Borrower has owned the subject property for at least XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. XXXXxXXXXxXXXX month housing history. |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-05-14): Lender exception with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115412 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for XXXX immigration status. Borrower is from XXXX , documents provided reflect he has temporary protected status designation while awaiting his XXXX authorization. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXXxXXXXxXXXX or better |
SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-19): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115413 | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | XXXX Prepayment Penalty | XXXX Prepayment Penalty: No prepayment penalties are permissible in the state of XXXX . Prepay language states prepay will not exceed maximum permitted by applicable law. | Note disclosed a prepayment penalty. No prepayment penalties are permissible in the state of XXXX . | Reviewer Comment (2025-05-30): XXXX prepayment penalty restrictions are applicable to individuals, not a business or an LLC. Seller Comment (2025-05-29): (Rate Lock) Meets guides please review |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Investment | Purchase | B | A | A | A | B | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115414 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-06-10): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115415 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved an exception for XXXX less than the guideline minimum of XXXX with no primary housing expense. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower's Experience/Track Record |
Reserves: XXXX Guideline Requirement: XXXX Housing payment history is XXXX or better; Borrower has real estate investment experience as seasoned investor with more than XXXX prior investments displaying at least XXXX pay history |
Originator,SitusAMC Originator |
Reviewer Comment (2025-06-12): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115416 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Reason | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. | Final Closing Disclosure provided on XXXX did not disclose why the loan will not have an escrow account. | Reviewer Comment (2025-06-16): XXXX received Letter of Explanation & Corrected Closing Disclosure. Seller Comment (2025-06-15): (Rate Lock) PCCD provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Second Home | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115418 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | File is missing XXXX months' verification of rent (VOR) required by guidelines. Only XXXX months bank statements showing rental payment were provided, payment for XXXX XXXX is missing. | Reviewer Comment (2025-07-03): Received docs in trailing docs. Reviewer Comment (2025-06-25): Bank statement from XXXX to XXXX is missing in file for rental payment of borrower. Deposit receipt is also not available in file. Exception Remains. Seller Comment (2025-06-24): (Rate Lock) XXXX rent + deposit provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115418 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-06-26): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | XXXX | XXXX | Yes | |||||||||||
| XXXX | XXXX | XXXX | 4350115419 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-06-06): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115420 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | XXXX HPML XXXX Non Compliant | XXXX Higher-Priced Mortgage Loan: APR on subject loan of XXXX % or Final Disclosure APR of XXXX % is equal to or greater than the threshold of APOR XXXX % + XXXX %, or XXXX %. Non-Compliant Higher Priced Mortgage Loan. | XXXX Higher-Priced Mortgage Loan: APR on subject loan of XXXX % or Final Disclosure APR of XXXX % is equal to or greater than the threshold of APOR XXXX % + XXXX %, or XXXX %. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-06-18): Received proof of receipt of appraisal in trailing docs. Seller Comment (2025-06-16): (Rate Lock) There were no value changes to the appraisal as the effective date remained the same. Therefore this does not need to be reviewed XXXX business days prior. Original appraisal was sent prior to and this is sufficient for appraisal XXXX day rule Seller Comment (2025-06-09): (Rate Lock) Proof borrower had the original appraisal XXXX which is XXXX business days prior to close Reviewer Comment (2025-06-04): Document provided showed the appraisal was mailed XXXX, not received by the borrower on the said date. Without actual proof that borrower received the appraisal XXXX days before closing, the XXXX day mail rule applies which brings the receipt date to XXXX, XXXX day after closing. Seller Comment (2025-06-02): (Rate Lock) Cert provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115420 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan XXXX Test | TILA HPML appraisal Rule (Dodd-Frank XXXX ): Safe Harbor requirements not satisfied. | XXXX requirements not satisfied for non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-06-20): Client elects to Waive. Seller Comment (2025-06-18): (Rate Lock) Lender accepts the EV2 and wishes to waive Reviewer Comment (2025-06-18): EV2 informational exception showing final appraisal not received prior to closing. Provide evidence borrower received appraisal on or before XXXX. Seller Comment (2025-06-16): (Rate Lock) There were no value changes to the appraisal as the effective date remained the same. Therefore this does not need to be reviewed XXXX business days prior. Original appraisal was sent prior to and this is sufficient for appraisal XXXX day rule Seller Comment (2025-06-09): (Rate Lock) Proof borrower had the original appraisal XXXX which is XXXX business days prior to close Reviewer Comment (2025-06-04): Document provided showed the appraisal was mailed XXXX, not received by the borrower on the said date. Without actual proof that borrower received the appraisal XXXX days before closing, the XXXX day mail rule applies which brings the receipt date to XXXX, XXXX day after closing. Seller Comment (2025-06-02): (Rate Lock) Cert provided |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115420 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX XXXX business days prior to consummation. | No evidence borrower received appraisal at or before closing. | Reviewer Comment (2025-06-18): Received proof of receipt of appraisal in trailing docs. Seller Comment (2025-06-16): (Rate Lock) There were no value changes to the appraisal as the effective date remained the same. Therefore this does not need to be reviewed XXXX business days prior. Original appraisal was sent prior to and this is sufficient for appraisal XXXX day rule Reviewer Comment (2025-06-10): Received preliminary appraisal dated XXXX with delivery proof. We would require proof that the borrower received appraisal dated XXXX within XXXX business days prior to closing. Exception remains Seller Comment (2025-06-09): (Rate Lock) Proof borrower had the original appraisal XXXX which is XXXX business days prior to close Reviewer Comment (2025-06-04): Document provided showed the appraisal was mailed XXXX, not received by the borrower on the said date. Without actual proof that borrower received the appraisal XXXX days before closing, the XXXX day mail rule applies which brings the receipt date to XXXX, XXXX day after closing. Seller Comment (2025-06-02): (Rate Lock) Cert provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115420 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for BXXXX for excessive NSF/OD XXXX in a XXXX month period, guidelines allow a maximum of XXXX . | Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous |
Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX Housing payment history is XXXX or better |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-05-29): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115420 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXX ): Borrower waived right to receive a copy of the appraisal at least XXXX XXXX business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least XXXX XXXX business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-06-20): Client elects to Waive. Seller Comment (2025-06-18): (Rate Lock) Lender accepts the EV2 and wishes to waive Reviewer Comment (2025-06-18): EV2 informational exception showing final appraisal not received prior to closing. Provide evidence borrower received appraisal on or before XXXX. Seller Comment (2025-06-16): (Rate Lock) There were no value changes to the appraisal as the effective date remained the same. Therefore this does not need to be reviewed XXXX business days prior. Original appraisal was sent prior to and this is sufficient for appraisal XXXX day rule Reviewer Comment (2025-06-10): Received preliminary appraisal dated XXXX with delivery proof. We would require proof that the borrower received appraisal dated XXXX within XXXX business days prior to closing. Exception remains Seller Comment (2025-06-09): (Rate Lock) Proof borrower had the original appraisal XXXX which is XXXX business days prior to close Reviewer Comment (2025-06-04): Document provided showed the appraisal was mailed XXXX, not received by the borrower on the said date. Without actual proof that borrower received the appraisal XXXX days before closing, the XXXX day mail rule applies which brings the receipt date to XXXX, XXXX day after closing. Seller Comment (2025-06-02): (Rate Lock) Cert provided |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115420 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of revised valuation to applicant XXXX XXXX business days prior to consummation. | Reviewer Comment (2025-06-20): Client elects to Waive. Seller Comment (2025-06-18): (Rate Lock) Lender accepts the EV2 and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||||||||||
| XXXX | XXXX | XXXX | 4350115421 | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of XXXX is less than Guideline representative FICO score of XXXX. | Representative FICO score of XXXX is less than Guideline representative FICO score of XXXX with a XXXX % LTV. | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower has verified disposable income of at least $XXXX. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. DTI: XXXX% Guideline Maximum DTI: XXXX% |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-06): Lender exception with compensating factors. Seller Comment (2025-06-04): (Rate Lock) Exception provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115421 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-30): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | C | B | C | B | A | A | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115424 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | DSCR is less than the guideline minimum of XXXX . | The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Borrower's Housing payment history is XXXX or better | SitusAMC Originator |
Reviewer Comment (2025-06-13): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115425 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Lender approved an exception for XXXX % LTV reduction for borrower living rent free. | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. DTI: XXXX% Guideline Maximum DTI: XXXX% |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-30): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115425 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | Lender approved an exception for XXXX % LTV reduction for borrower living rent free. | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. DTI: XXXX% Guideline Maximum DTI: XXXX% |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-30): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115426 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-06-11): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | C | B | C | B | A | A | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115426 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | File is missing a signed and dated letter from the owner for verification of living rent free. | Reviewer Comment (2025-07-01): Received signed and dated letter in trailing docs. Reviewer Comment (2025-06-19): Unable to determine who provided the document. Evidence the document was uploaded, but not sourced from relative. Guidelines require the letter to be signed and dated. Reviewer Comment (2025-06-16): Signed and dated letter from the owner for verification of living rent free required. Exception remains Seller Comment (2025-06-13): (Rate Lock) LOE is not needed - B1 lives with B2 |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115426 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for BXXXX being self employed for less than XXXX year. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Reserves:XXXX Guideline Requirement: XXXX Combined Loan to Value: XXXX% Guideline Maximum Combined Loan to Value: XXXX% Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO:XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-12): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115426 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for borrower living rent free. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Reserves:XXXX Guideline Requirement: XXXX Combined Loan to Value: XXXX% Guideline Maximum Combined Loan to Value: XXXX% Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO:XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-12): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115427 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-29): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115427 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Borrower's own funds percent discrepancy. | Calculated borrower's own funds of XXXX is less than Guideline required borrower's own funds of XXXX. | Borrower does not meet minimum required contribution of XXXX %. | Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Borrower has worked in the same position for more than XXXX years. Housing payment history is XXXX or better. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-02): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115427 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX due to insufficient borrower own funds. Gift funds not allowed for reserves. | Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Borrower has worked in the same position for more than XXXX years. Housing payment history is XXXX or better. |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-02): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115429 | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | File does not contain documentation from lender/seller confirming the condo is warrantable. | Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement:XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-04): Lender Exception with Compensating Factors provided. Seller Comment (2025-05-30): Please see attached exception for condo Reviewer Comment (2025-05-29): Document provided shows condo is not warrantable. Seller Comment (2025-05-23): See attached condo warranty from lender |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Purchase | C | B | C | B | B | B | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115429 | XXXX | XXXX | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | 1003 Initial - Lender's is missing. | Reviewer Comment (2025-05-29): Received Initial 1003 doc in trailing docs. Seller Comment (2025-05-23): See attached initial 1003 |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Investment | Purchase | C | B | C | B | B | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115429 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | RESPA | Missing Final HUD-1 RESPA XXXX Occupancy No Business Purpose Cert (Not subject to APL) | RESPA: Missing Final HUD-1 Title Co. Closing Statement used to source fees. XXXX occupancy witrh no business purpose cert in file. Loan is not subject to [redact] tests in scope requiring points and fees. | Final HUD-1 is missing in file. | Reviewer Comment (2025-05-29): Client elects to waive Seller Comment (2025-05-23): [redact] accepts XXXX please waive. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115429 | XXXX | XXXX | Compliance | Compliance | State Compliance | State Defect | XXXX Prepayment Penalty | XXXX Prepayment Penalty: No prepayment penalties are permissible in the state of XXXX . Prepay language states prepay will not exceed maximum permitted by applicable law. | Prepay language states prepay will not exceed maximum permitted. | Reviewer Comment (2025-05-29): Client elects to waive Seller Comment (2025-05-23): [redact] accepts XXXX please waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115429 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for HOA Delinquency of XXXX % vs max XXXX %. | The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
DTI: XXXX% Guideline Maximum DTI: XXXX% Reserves: XXXX Guideline Requirement:XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-22): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | B | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115430 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXX ): Borrower waived right to receive a copy of the appraisal at least XXXX XXXX business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least XXXX XXXX business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-06-18): Client elects to waive. Seller Comment (2025-06-17): (Rate Lock) accept EV2 as is and wishes to proceed |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | A | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115431 | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Experience level does not meet the guideline requirements for an experienced investor. | Provide evidence borrower has owned an XXXX property in the last XXXX months. | Reviewer Comment (2025-06-18): Received documentation in trailing docs. Seller Comment (2025-06-16): (Rate Lock) Bwr is not a first time investor - he is doing a XXXX - the investment was in the business name |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | A | C | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115432 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | XXXX Party Verification is not dated and missing on file | Reviewer Comment (2025-06-06): Received business listing doc in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115432 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Approved Exception for - XXXX Requesting Approval for borrower to use his commission from the XXXX towards closing/down payment.Please provide an updated lender exception for compensating factors. | Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Miscellaneous |
Borrower's Own Funds Percent: XXXX% Borrower's Own Funds Amount: $XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% Borrower has low revolving credit utilization, no derogatory. VOR since XXXX no lates. |
SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-06): Lender exceptions with comp factors. Seller Comment (2025-06-04): (Rate Lock) CF updated |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115432 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | XXXX party verification is missing from file. | Reviewer Comment (2025-06-06): Received business listing doc in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115432 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | XXXX party verification for income is missing from file. | Reviewer Comment (2025-06-06): Received business listing doc in trailing docs. |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115432 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank XXXX): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | XXXX party verification for income is missing from file. | Reviewer Comment (2025-06-06): Received business listing doc in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115432 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX ): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to missing XXXX party verification. | Reviewer Comment (2025-06-06): Received business listing doc in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115432 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Lender approved exception for subject property is in a declining market. Guidelines require XXXX % reduction in LTV for declining property and LTV is XXXX %. Please provide an updated lender exception for compensating factors. | Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Miscellaneous |
Borrower's Own Funds Percent: XXXX% Borrower's Own Funds Amount: $XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% Borrower has low revolving credit utilization, no derogatory. VOR since XXXX no lates. |
SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-06): Lender exceptions with comp factors. Seller Comment (2025-06-04): (Rate Lock) CF updated |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | C | B | C | B | C | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115433 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan Designation discrepancy due to excessive DTI when ATR payment calculation method is utilized. | Reviewer Comment (2025-07-08): Client elects to waive with Compensating Factors and Lender Exception. System cleared. Seller Comment (2025-07-03): (Rate Lock) Exception provided |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | B | B | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115433 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Lender approved exception to allow CPA letter from a CPA who did not file the most recent year tax returns as required by guidelines, and allowed less than XXXX years secondary employment for borrower's secondary employment. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement:XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115433 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to allow Appraisal reflecting legal non-conforming and if destroyed it would require a setback from the river and the highway. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement:XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115433 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for the subject having a XXXX with a mortgage modification in the past XXXX years. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement:XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115433 | XXXX | XXXX | Credit | Credit | Credit Documentation | Guideline | Aged document: Credit Report is more than XXXX days prior to the note date. | - | Lender approved exception for Credit Report more than XXXX days old required by guidelines and income/asset documents expiring during rescission. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement:XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115433 | XXXX | XXXX | Compliance | Compliance | State Compliance | Misc. State Level | XXXX HLPP Broker TNB Test | XXXX Home Loan (XXXX ): Unable to determine if brokered mortgage loan has a tangible net benefit to the borrower due to missing prior loan information. | Reviewer Comment (2025-06-25): Client elects to Waive. Seller Comment (2025-06-24): (Rate Lock) Lender accepts Ev2 |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115433 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXXPercent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-06-10): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | B | B | B | C | B | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115433 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Qualification Method not Matching ATR | Ability to Repay (Dodd-Frank XXXX ): The Qualification Method used by the lender does not match the ATR payment calculation methods under XXXX. | Payment after interest only period not used to qualify the borrower. Origination qualification does not meet ATR requirements. | Reviewer Comment (2025-07-08): Client elects to waive with Compensating Factors and Lender Exception. System cleared. Seller Comment (2025-07-03): (Rate Lock) Exception provided |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115433 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Non QM DTI moderately exceeds Guidelines | Ability to Repay (Dodd-Frank XXXX ): The DTI calculated in accordance with the XXXX of XXXX % moderately exceeds the guideline maximum of XXXX %. (DTI Exception is eligible to be regraded with compensating factors.) | Payment after interest only period not used to qualify the borrower. Origination qualification does not meet ATR requirements. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement:XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-07-08): Client elects to waive with Compensating Factors and Lender Exception. Seller Comment (2025-07-03): (Rate Lock) Exception provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115434 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in file. | Reviewer Comment (2025-06-17): Evidence borrower is sole member provided. Reviewer Comment (2025-06-16): Operating agreement is not provided. Exception remains. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115434 | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Evidence of Access to Fund is missing in file. | Reviewer Comment (2025-06-17): CPA letter provided for spouse/purchaser. Reviewer Comment (2025-06-16): Borrower must have the authority to access/withdraw funds for personal use from business. Exception remains. Seller Comment (2025-06-16): (Rate Lock) Access letter is not required for a non-borrowing title holder |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115434 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved an exception for DSCR less than XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO:XXXX Representative FICO: XXXX Housing payment history is XXXX or better |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-13): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115435 | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: XXXX -Out Utilization not provided | XXXX out utilization not provided | Reviewer Comment (2025-06-13): Received docs in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115436 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXX ): Borrower waived right to receive a copy of the appraisal at least XXXX XXXX business days prior to closing, and appraisal was not provided at or before closing. | No evidence that borrower received a copy of appraisal at least XXXX business days to closing. | Reviewer Comment (2025-06-18): Client elects to waive. Seller Comment (2025-06-16): (Rate Lock) Lender accepts the EV2 and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115436 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXX ): Borrower waived right to receive a copy of the appraisal at least XXXX XXXX business days prior to closing, and appraisal was not provided at or before closing. | No evidence that borrower received a copy of appraisal at least 3 business days to closing. | Reviewer Comment (2025-06-18): Client elects to waive. Seller Comment (2025-06-16): (Rate Lock) Lender accepts the EV2 and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115437 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Reviewer Comment (2025-07-10): Received documentation in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | D | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | XXXX | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115440 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for borrower being First time home buyer and buying investment property - also purchase contract shows assignment of agreement amendment. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Monthly reserves is verified AND at least XXXX months more than guideline minimum. Qualifying DTI less than XXXX%, AND at least XXXX% less than guideline maximum. FICO higher than XXXX, AND at least XXXX points higher than guideline minimum. Housing payment history is XXXX or better. |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-03): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115440 | XXXX | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXX or XXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title policy amount is blank. | Reviewer Comment (2025-06-06): Client elects to waive. Seller Comment (2025-06-04): (Rate Lock) Lender accepts the eV2 and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115440 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX (XXXX) business days prior to consummation. | Verification appraisal was delivered to borrower not provided in file. | Reviewer Comment (2025-06-06): Client elects to waive. Seller Comment (2025-06-04): (Rate Lock) Lender accepts the eV2 and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115443 | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of XXXX is less than Guideline representative FICO score of XXXX. | Lender approve an exception to allow FICO score of XXXX for XXXX % LTV. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower's Experience/Track Record Miscellaneous |
Borrower has XXXX years experience with multiple REOs. Borrower has XXXX+ years XXXX |
SitusAMC Originator Originator |
Reviewer Comment (2025-06-12): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115447 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of XXXX is less than Guideline minimum loan amount of XXXX. | Lender approved exception for Loan amount $XXXX being less than guidelines required minimum loan amount of $XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Reserves: XXXX Guideline Requirement:XXXX Debt Service Coverage Ratio: XXXX Guideline Requirement: XXXX Borrower Profile: XXXX years of experience, XXXX rental properties Renting above market (In place rent = $XXXX, market rent = $XXXX) Strong PPP: XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-05-27): Lender exception with comp factors. Seller Comment (2025-05-22): (Rate Lock) Please see attached exception approval from loan buyer |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115448 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of XXXX is less than Guideline minimum loan amount of XXXX. | Lender approved exception for a loan amount below the $XXXX guidelines minimum. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-18): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115449 | XXXX | XXXX | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | - | SSN red flag on the fraud report has not been addressed. | Reviewer Comment (2025-06-04): Information on XXXX Seller Comment (2025-06-02): (Rate Lock) XXXX states we received the SSN card to verify the fraud alert. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | A | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115450 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Borrower's Experience/Track Record |
Borrower has a payment history of XXXX or better. | SitusAMC Originator |
Reviewer Comment (2025-07-02): Lender Exception provided with Compensating Factors. Seller Comment (2025-06-30): (Rate Lock) Corrected CFs provided Reviewer Comment (2025-06-16): Lender exception states DSCR is XXXX and verified is XXXX - $XXXX gross rents and $XXXX PITI per first payment letter = XXXX DSCR and comp factor states reserves are at least XXXX months more than guideline minimum but only XXXX months verified. |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115451 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Lender Exception with Compensating Factors. Lender Exception with Compensating Factors. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-16): Lender Exception with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115452 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved exception allowing DSCR of XXXX which is below required XXXX | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXX or better. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-13): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115452 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved allowing gift funds of $XXXX which exceeds XXXX % of the purchase price. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXX or better. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-13): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115453 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Requesting Exception for DSCR Score of XXXX (Minimum required is XXXX ) | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Borrower has a housing payment history of XXXX |
Originator,SitusAMC Originator |
Reviewer Comment (2025-06-09): Lender exceptions with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115455 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for XXXX overdrafts when maximum is XXXX . | Borrower has worked in the same position for more than XXXX years. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
DTI: XXXX% Guideline Maximum DTI: XXXX% |
SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-29): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115456 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least XXXX XXXX business days prior to closing. | Closing Disclosure not provided to Borrower at least XXXX XXXX business days prior to closing. | Reviewer Comment (2025-05-23): XXXX received XXXX CD XXXX business days prior to consummation. Seller Comment (2025-05-22): Please see initial CD and proof of delivery |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Second Home | Purchase | No Defined Cure | C | B | B | B | C | A | A | A | XXXX | XXXX | No | |||||
| XXXX | XXXX | XXXX | 4350115456 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $XXXX exceeds tolerance of $XXXX . A valid COC or cure was not provided. | Reviewer Comment (2025-05-28): XXXX received valid COC dated XXXX Seller Comment (2025-05-27): See attached VCOC and credit exception Reviewer Comment (2025-05-27): Received COC dated XXXX states rate changed from XXXX to XXXX; however, actual rate change on CDs is XXXX to XXXX. Provided COC does not give sufficient information on why the discount fee was added. In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Seller Comment (2025-05-27): Previous CD XXXX show rate as XXXX Reviewer Comment (2025-05-23): XXXX received COC dated XXXX states rate changed from XXXX to XXXX; however, in actual rate change from XXXX to XXXX. Provide COC does not give sufficient information on why the discount fee was added. In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Seller Comment (2025-05-22): See attached VCOC for discount points |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115456 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . | Reviewer Comment (2025-05-23): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Seller Comment (2025-05-22): Cured at the closing. See final CD |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115456 | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Rural property is not permitted on XXXX Home, XXXX , or Cash-Out XXXX per Guidelines | Lender approved exception for XXXX property on a XXXX home. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower has verified disposable income of at least $XXXX. |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-05-21): Lender exception using comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Second Home | Purchase | C | B | B | B | C | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115458 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for multiple XXXX fees over max requiring exception as max allowed is XXXX per XXXX months and file reflects XXXX . | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-04): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115458 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Loan file is missing an operating agreement for XXXX showing borrower's spouse's percentage of ownership. | Reviewer Comment (2025-06-10): Received XXXX letter in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115458 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | HOA Verification, Insurance Verification, Statement, Tax Verification missing or XXXX | Reviewer Comment (2025-06-12): Received docs in trailing docs. Reviewer Comment (2025-06-10): Missing mortgage statement for XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115459 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - XXXX | Mortgage statement is not provided. | Reviewer Comment (2025-06-09): Received docs in tailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115459 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for borrower having XXXX NSF/OD within XXXX months when maximum allowed is XXXX . | The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Guidelines Representative FICO: XXXX Representative FICO: XXXX Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-04): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115459 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Loan file is missing an operating agreement for XXXX. showing borrower's spouse's percentage of ownership. | Reviewer Comment (2025-06-09): Received docs in tailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115464 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception to allow seasoning to be met at note date and not application date. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-29): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115465 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . No valid change in circumstance or cure for borrower provided. | Reviewer Comment (2025-06-05): XXXX received attestation stating survey required by title. Seller Comment (2025-06-04): (Rate Lock) cert that title required the survey Reviewer Comment (2025-06-04): XXXX received LOX .However, it doesn't specify whether the lender or title company requried the survey. If the lender required the survey fee then a cure is due to the borrower. If the borrower-chosen service provider further outsourced the Survey Fee, an attestation or comment on exception from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. Seller Comment (2025-06-03): (Rate Lock) Cert provided Reviewer Comment (2025-06-03): XXXX received rebuttal comment. However, we also required attestation letter from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. Seller Comment (2025-06-02): (Rate Lock) Borrower shopped for their survey fee. SSPL reflects XXXX surveying, but CD shows borrower went with XXXX XXXX. No cure is need since they shopped. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115465 | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of XXXX is less than Guideline representative FICO score of XXXX. | Lender approved an exception for FICO score of XXXX which is less than Guideline FICO score of XXXX with a XXXX % LTV. | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower has verified disposable income of at least $XXXX. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX Documentation Type: XXXXmo Bank Statement Disposable Income: $XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-30): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115466 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage Statement is not provided for Address: XXXX | Reviewer Comment (2025-06-09): Received docs in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115466 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX XXXX business days prior to consummation. | No evidence that borrower received a copy of appraisal at least XXXX business days to closing. | Reviewer Comment (2025-06-09): Client elects to waive. Seller Comment (2025-06-06): (Rate Lock) accept EV2 as is and wishes to proceed |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115466 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Approved Exception to continue with over max allowed XXXX fees reflected in bank statements of XXXX over max of XXXX within XXXX months. | The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
DTI: XXXX% Guideline Maximum DTI: XXXX% Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-04): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | B | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115466 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Loan file is missing an operating agreement for XXXX. showing borrower's spouse's percentage of ownership. | Reviewer Comment (2025-06-09): Received CPA letter in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | B | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115467 | XXXX | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | - | Appraisal was made subject to and XXXX is not in images. | Reviewer Comment (2025-07-07): XXXX received and updated .Exception cleared Seller Comment (2025-07-03): (Rate Lock) XXXX provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | A | A | A | A | A | C | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115468 | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Lender approved an exception for non-warrantable condo. Please provide compelling compensating factors for consideration of downgrading/waiving exceptions. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous Miscellaneous |
Association is XXXX% Owner Occupied, Low Delinquency of XXXX%, Low LTV of XXXX%. |
SitusAMC Originator Originator |
Reviewer Comment (2025-06-13): Lender Exception with Compensating Factors. Low loan amount of $XXXX. Reviewer Comment (2025-06-09): Compensating factors provided do not apply to the loan. Max LTV for XXXX FICO is XXXX%. XXXX is only XXXX greater than the minimum. Seller Comment (2025-06-06): attached |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115468 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for Single entity ownership is XXXX % vs guideline max of XXXX %. Please provide compelling compensating factors for consideration of downgrading/waiving exceptions. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous Miscellaneous |
Association is XXXX% Owner Occupied, Low Delinquency of XXXX%, Low LTV of XXXX%. |
SitusAMC Originator Originator |
Reviewer Comment (2025-06-13): Lender Exception with Compensating Factors. Low loan amount of $XXXX. Seller Comment (2025-06-13): attached |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115468 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for XXXX is XXXX % vs non warrantable guideline minimum of XXXX %. Please provide compelling compensating factors for consideration of downgrading/waiving exceptions. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous Miscellaneous |
Association is XXXX% Owner Occupied, Low Delinquency of XXXX%, Low LTV of XXXX%. |
SitusAMC Originator Originator |
Reviewer Comment (2025-06-13): Lender Exception with Compensating Factors. Low loan amount of $XXXX. |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115468 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for HOA does not have XXXX bond insurance policy. Please provide compelling compensating factors for consideration of downgrading/waiving exceptions. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous Miscellaneous |
Association is XXXX% Owner Occupied, Low Delinquency of XXXX%, Low LTV of XXXX%. |
SitusAMC Originator Originator |
Reviewer Comment (2025-06-13): Lender Exception with Compensating Factors. Low loan amount of $XXXX. |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115471 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception requesting excessive single entity ownership XXXX % and excessive investor concentration XXXX %. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's Experience/Track Record |
Reserves: XXXX Guideline Requirement: XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX Borrower is an experienced investor. |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-09): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115471 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception requested to allow mortgage late XXXX and allow XXXX ownership change mid application. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's Experience/Track Record |
Reserves: XXXX Guideline Requirement: XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX Borrower is an experienced investor. |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-09): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115471 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception requesting borrower use new checking account for cash to close without XXXX -day sourcing and seasoning; account open XXXX will have XXXX days seasoning as of XXXX . Closing XXXX. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's Experience/Track Record |
Reserves: XXXX Guideline Requirement: XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX Borrower is an experienced investor. |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-09): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115471 | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Lender approved an exception for non-warrantable condo. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's Experience/Track Record |
Reserves: XXXX Guideline Requirement: XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX Borrower is an experienced investor. |
SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-09): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115472 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for Excessive Single Entity Ownership (XXXX % vs max XXXX %) and Excessive XXXX Concentration (XXXX % vs max XXXX %) Single Entity Ownership is not the developer or original sponsors. |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The qualifying XXXX on the loan is greater than the guideline minimum. Borrower's Experience/Track Record |
The XXXX of XXXX is greater than the minimum required XXXX of XXXX. Borrower is a experienced investor. |
SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-06-09): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115473 | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of XXXX is less than Guideline representative FICO score of XXXX. | Lender approved an exception for Representative FICO score of XXXX which is less than Guideline minimum of XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Seasoned Borrower/Investor whose experience exceeds XXXX completed projects. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. |
Reserves: XXXX Guideline Requirement: XXXX Seasoned Borrower/Investor whose experience exceeds XXXX completed projects. Combined Loan to Value: XXXX% Guideline Maximum Combined Loan to Value: XXXX% Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-30): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115474 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved an exception for DSCR of XXXX . | Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower's Own Funds Percent: XXXX% Borrower's Own Funds Amount: $XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-30): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115475 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | LTV exceeds max of XXXX % for a loan amount under $XXXX . | The Debt Service Coverage Ratio (XXXX) is greater than the guideline requirement by .XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
The Debt Service Coverage Ratio (XXXX) is greater than the guideline requirement by .XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Housing payment history is XXXX or better. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-13): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115475 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | LTV exceeds max of XXXX % for a loan amount under $XXXX . | The Debt Service Coverage Ratio (XXXX) is greater than the guideline requirement by .XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
The Debt Service Coverage Ratio (XXXX) is greater than the guideline requirement by .XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Housing payment history is XXXX or better. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-13): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115478 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for DSCR score of XXXX . | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Seasoned Borrower/Investor whose experience exceeds XXXX completed projects. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Seasoned Borrower/Investor whose experience exceeds XXXX completed projects. Reserves: XXXX Guideline Requirement: XXXX The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-16): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115479 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for multiple XXXX transfers and returned items. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. DTI: XXXX% Guideline Maximum DTI: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-24): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115479 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX. | Lender approved an exception for XXXX months reserves vs XXXX months reserves required by the guidelines. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. DTI: XXXX% Guideline Maximum DTI: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-24): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115479 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to reserves of XXXX less than guideline requirement of XXXX resulting in loan designation discrepancy. | Reviewer Comment (2025-06-24): System cleared with Compensating Factors from Lender Exception. |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | B | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115479 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX ): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to reserves of XXXX being less than guideline requirement of XXXX . | Reviewer Comment (2025-06-24): System cleared with Compensating Factors from Lender Exception. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | B | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115480 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | DSCR is less than the guideline minimum of XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. Seasoned Borrower/Investor whose experience exceeds XXXX completed projects. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-05-30): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115481 | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower is a XXXX time home buyer and ineligible per guidelines. | - | Lender approved exception for borrower being a XXXX -time home buyer. | Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous The qualifying XXXX on the loan is greater than the guideline minimum. |
FICO higher than XXXX, AND at least XXXX points higher than guideline minimum. Housing payment history is XXXX or better. Qualifying XXXX higher than XXXX , AND at least XXXX higher than guideline minimum. |
SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-06-05): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115481 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for borrower being a XXXX -time investor. | Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous The qualifying XXXX on the loan is greater than the guideline minimum. |
FICO higher than XXXX, AND at least XXXX points higher than guideline minimum. Housing payment history is XXXX or better. Qualifying XXXX higher than XXXX , AND at least XXXX higher than guideline minimum. |
SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-06-05): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115481 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for XXXX Yrs PPP, state of XXXX , XXXX Yr XXXX Mos Interest. | Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous The qualifying XXXX on the loan is greater than the guideline minimum. |
FICO higher than XXXX, AND at least XXXX points higher than guideline minimum. Housing payment history is XXXX or better. Qualifying XXXX higher than XXXX , AND at least XXXX higher than guideline minimum. |
SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-06-05): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115481 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for both open accounts on credit are only authorized users. | Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous The qualifying XXXX on the loan is greater than the guideline minimum. |
FICO higher than XXXX, AND at least XXXX points higher than guideline minimum. Housing payment history is XXXX or better. Qualifying XXXX higher than XXXX , AND at least XXXX higher than guideline minimum. |
SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-06-05): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115482 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved DSCR of XXXX which is less than guideline minimum required of XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXX or better. |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115482 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | Lender approved exception for CLTV of XXXX %. Max is XXXX % for a property listed for sale within the past XXXX months and XXXX % CLTV reduction for a vacant property. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXX or better. |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115482 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Lender approved exception for LTV of XXXX %. Max is XXXX % for a property listed for sale within the past XXXX months and XXXX % LTV reduction for a vacant property. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXX or better. |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115484 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for XXXX -NSF's in a XXXX-month period. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXX or better. |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-19): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115484 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for XXXX length transaction on an XXXX purchase. Property with XXXX acres when maximum for XXXX property is XXXX acres. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXX or better. |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-19): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115484 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for property is XXXX which is ineligible for an XXXX property. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXX or better. |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-19): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115485 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least XXXX XXXX) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least XXXX XXXX business days prior to closing. | Reviewer Comment (2025-06-17): XXXX received XXXX CD XXXX business days prior to consummation. Reviewer Comment (2025-06-16): CD XXXX is located in file. Please provide the CD issued to borrower prior to consummation for review or documentation the final CD was provide to borrower XXXX business days prior to review. Seller Comment (2025-06-13): (Rate Lock) APR did not change by more than .XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | No Defined Cure | C | B | B | B | C | A | A | A | XXXX | XXXX | No | |||||
| XXXX | XXXX | XXXX | 4350115485 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. DTI: XXXX% Guideline Maximum DTI: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115485 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. DTI: XXXX% Guideline Maximum DTI: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115486 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of XXXX is less than Guideline minimum loan amount of XXXX. | The loan amount is below the minimum requirement of $XXXX . Please provide an updated lender exception for DSCR XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's Experience/Track Record |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX Borrower's Experience/Track Record. The borrower has: XXXX Years of Experience. |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. Seller Comment (2025-06-09): (Rate Lock) Please see attached loan buyer approval for loan amount under $XXXX. Please also see attached UW file (see page XXXX under cash flows) showing the loan has a XXXX XXXX |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115493 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX % or $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-29): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | C | B | B | B | C | A | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115493 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | File is missing 1099 transcript for XXXX income. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. FICO higher than XXXX and at least XXXX points higher than guideline minimum. Housing payment history is XXXX or better. |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-02): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115493 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - XXXX | File is missing 1099 transcript for XXXX income. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this XXXX transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. FICO higher than XXXX and at least XXXX points higher than guideline minimum. Housing payment history is XXXX or better. |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-02): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115493 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX % or $XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX % or $XXXX without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-05): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Seller Comment (2025-06-04): (Rate Lock) Yes it was for the recording fees. Reviewer Comment (2025-06-04): XXXX received comment. However, kindly confirm whether the cure of $XXXX provided at closing was for XXXX percent tolerance limit. Seller Comment (2025-06-03): (Rate Lock) This was already cleared below |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115493 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX without a valid change of circumstance. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-05): XXXX received Valid COC along with supporting comments on the exception. Seller Comment (2025-06-04): (Rate Lock) Increase due to availability of appraisers and the holiday Reviewer Comment (2025-06-04): XXXX received rebuttal. However, the COC dated XXXX the reason is not sufficient for the fee increase. Kindly provide a valid reason as to why the appraisal fee were increased on XXXX or provide cure docs.Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Seller Comment (2025-06-03): (Rate Lock) Appraisal fee was re-disclosed at the correct amount within XXXX days of the XXXX. This is valid as it was XXXX within the timeframe allowed for the fee to increase and is compliant. Please clear |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115494 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower Exception Requested: Appraisal shows declining market, and they want to proceed with XXXX% LTV with no XXXX % hit for declining market. |
The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous |
DTI: XXXX% Guideline Maximum DTI: XXXX% Reserves: XXXX Guideline Requirement: XXXX Housing payment history is XXXX or better |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-10): Lender exception with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115494 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-06-06): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115496 | XXXX | XXXX | Credit | Investment Product | General | Investment Product | REO property does not have a XXXX in place and required by guidelines. | - | Lease agreement is missing. | Reviewer Comment (2025-06-05): Property is short term rental. Lease agreement is not required. Seller Comment (2025-06-03): (Rate Lock) No lease as its an XXXX XXXX provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | |||||||||
| XXXX | XXXX | XXXX | 4350115496 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Calculated loan to value percentage of XXXX % exceeds maximum LTV of XXXX % for short term rental. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-02): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115496 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | Calculated combined loan to value percentage of XXXX % exceeds maximum LTV of XXXX % for short term rental. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-02): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115498 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Approved lender exception- DSCR is less than XXXX . | Borrower has owned the subject property for at least XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Monthly reserves is verified AND at least XXXX months more than guideline minimum. Housing payment history is XXXX or better. |
SitusAMC Originator,SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-05): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115502 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for Housing history not meeting the guideline requirements. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least XXXX. Borrower has worked in the same position for more than XXXX years. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $ XXXX The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $ XXXX. Borrower has worked in the same position for more than XXXX years. DTI: XXXX% Guideline Maximum DTI: XXXX% |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-24): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115505 | XXXX | XXXX | Credit | Investment Product | General | Investment Product | REO property does not have a lease in place and required by guidelines. | - | Lease agreement is missing for the subject property. | Reviewer Comment (2025-07-02): Received docs in trailing docs. Reviewer Comment (2025-06-17): Property is XXXX so lease is not required, however the following requirements for XXXX was not provided, Short term rental statements must clearly identify the subject property by address. Property ID # and property description alone is not sufficient. Reviewer Comment (2025-06-16): Please provide signed and dated lease agreement. Exception remains. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | |||||||||
| XXXX | XXXX | XXXX | 4350115505 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing in file. | Reviewer Comment (2025-07-02): Received Article of Formation in trailing docs. Reviewer Comment (2025-06-25): Document provided is not an Articles or organization. Please provide a certified articles of organization to evidence the existence of the XXXX. Seller Comment (2025-06-23): (Rate Lock) Please see page XXXX section c Reviewer Comment (2025-06-16): Please Provide Articles of Organization/Formation document. Exception remains. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115505 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved an exception for DSCR less than XXXX for an XXXX property. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Combined Loan to Value: XXXX% Guideline Maximum Combined Loan to Value: XXXX% Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXX or better. |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-12): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115505 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for property being a short term rental in a XXXX area. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Combined Loan to Value: XXXX% Guideline Maximum Combined Loan to Value: XXXX% Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXX or better. |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-12): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115506 | XXXX | XXXX | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Lender requested exception to allow borrower to use XXXX % of business funds for cash to close/reserves with access letter from partners. Borrower is XXXX % owner and guidelines require at least XXXX % ownership for borrower to access funds limited to borrower's ownership percentage. Access letter was not provided in file. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. DTI: XXXX% Guideline Maximum DTI: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator Originator,SitusAMC |
Reviewer Comment (2025-06-25): Waived with Compensating Factors. Seller Comment (2025-06-24): (Rate Lock) accept EV2 as is and wishes to proceed Reviewer Comment (2025-06-19): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115506 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | File is missing insurance verification for XXXX. | Reviewer Comment (2025-06-24): Received mortgage statement i trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115507 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender Requesting exception for DSCR score of XXXX (minimum Request is XXXX ) | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous Borrower's Experience/Track Record |
Monthly reserves is verified AND at least XXXX months more than guideline minimum. FICO higher than XXXX, AND at least XXXX points higher than guideline minimum. Housing payment history is XXXX or better. Borrower has real estate investment experience as seasoned investor with more than XXXX prior investments displaying at least XXXX pay history. |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator Originator |
Reviewer Comment (2025-06-05): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115508 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least XXXX (XXXX) business days prior to closing. | Evidence of borrower's receipt of the Closing Disclosure at least XXXX business days prior to closing was not provided. | Reviewer Comment (2025-06-18): XXXX received initial CD. Seller Comment (2025-06-17): Please see attached initial CD and proof of delivery |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | XXXX | XXXX | No | |||||
| XXXX | XXXX | XXXX | 4350115508 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX % or $XXXX . Insufficient or no cure was provided to the borrower. | Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX % or $XXXX . Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-18): XXXX received a valid COC. Seller Comment (2025-06-17): See trailing VCOC |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115508 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-18): XXXX received a valid COC. Seller Comment (2025-06-17): Please see attached CD and VCOC with proof of delivery. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115510 | XXXX | XXXX | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | Lender on Appraisal differs from the Note, however, no appraisal transfer letter was provided. | Reviewer Comment (2025-06-11): Received appraisal transfer letter in trailing docs. Seller Comment (2025-06-09): See trailing documents for appraisal transfer letter |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Primary | Purchase | C | B | C | B | B | A | B | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115510 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan XXXX Test | TILA HPML appraisal Rule (Dodd-Frank XXXX ): Safe Harbor requirements not satisfied. | Lender on Appraisal differs from the XXXX , however, no appraisal transfer letter was provided. | Reviewer Comment (2025-06-11): Received appraisal transfer letter in trailing docs. Seller Comment (2025-06-09): See attached appraisal transfer letter. |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Primary | Purchase | C | B | C | B | B | A | B | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115510 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for borrower only having XXXX tradeline. | The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower has verified disposable income of at least $XXXX. |
DTI: XXXX% Guideline Maximum DTI: XXXX% Reserves: XXXX Guideline Requirement: XXXX Borrower has verified disposable income of at least $XXXX. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. Seller Comment (2025-06-09): Why is this EV 3 when there is an exception? |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | C | B | C | B | B | A | B | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115512 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: XXXX Disaster Declaration Date: XXXX |
Reviewer Comment (2025-06-05): Inspection post declaration date but per end date. Seller Comment (2025-06-03): (Rate Lock) Please see attached appraisal report (effective date XXXX; signature and report date XXXX) on page XXXX of the PDF. The appraiser commented in the addendum (highlighted for convenience) that there is no storm damage and no impact on current or future marketability. Okay to waive and downgrade to EV2 |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | A | C | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115512 | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2025-06-10): Received Note with a corrected loan amount in trailing docs. Seller Comment (2025-06-06): (Rate Lock) We uploaded the correct set of loan documents with the $XXXX loan amount so the title work is correct. Please see attached note for verification |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Investment | Purchase | C | A | C | A | A | A | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115512 | XXXX | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Security Instrument Error: Security instrument loan amount and note original loan amount do not concur. | Please provide the security instrument with the corrected loan amount that reflects $XXXX . | Reviewer Comment (2025-06-10): Updated Documents provided. Seller Comment (2025-06-10): (Rate Lock) Please see attached mortgage reflecting $XXXX loan amount |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Investment | Purchase | C | A | C | A | A | A | XXXX | No | |||||||||||||||
| XXXX | XXXX | XXXX | 4350115513 | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Provided policy is not covering the loan amount however new title is required in the file. | Reviewer Comment (2025-06-10): Received corrected Note in trailing docs. Seller Comment (2025-06-06): (Rate Lock) We uploaded the correct set of loan documents with the $XXXX loan amount so the title work is correct. Please see attached note for verification |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Investment | Purchase | C | A | C | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115513 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Note Addendum - Prepayment missing in the file. | Reviewer Comment (2025-06-10): Received corrected Note in trailing docs. Seller Comment (2025-06-06): (Rate Lock) We originate only business-purpose loans and our loan document provider does not issue a separate prepayment addendum to the note. The prepayment penalty information is included in Section XXXX. of the note - see attached |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | A | C | A | A | A | XXXX | Yes | ||||||||||
| XXXX | XXXX | XXXX | 4350115513 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: XXXX Disaster Declaration Date: XXXX |
Reviewer Comment (2025-06-05): Inspection post declaration date, pre end date. No damage. Seller Comment (2025-06-03): (Rate Lock) Please see attached PDI ordered for the property for this XXXX disaster alert - okay to waive and downgrade to EV2 |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | A | C | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115513 | XXXX | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Security Instrument Error: Security instrument loan amount and note original loan amount do not concur. | Please provide the security instrument with the corrected loan amount of $XXXX . | Reviewer Comment (2025-06-11): Updated Mortgage provided. Reviewer Comment (2025-06-10): Updated Security Instrument was not in docs provided for upload. |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Investment | Purchase | C | A | C | A | A | A | XXXX | No | |||||||||||||||
| XXXX | XXXX | XXXX | 4350115514 | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2025-06-06): Updated Note provided in Trailing documents. Seller Comment (2025-06-06): (Rate Lock) We uploaded the correct set of loan documents with the $XXXX loan amount so the title work is correct. Please see attached note for verification |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Investment | Purchase | C | A | C | A | A | A | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115514 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: XXXX Disaster Declaration Date: XXXX |
Reviewer Comment (2025-06-05): Inspection post declaration date, pre end date. No damage. Seller Comment (2025-06-03): (Rate Lock) Please see attached PDI addressing this XXXX disaster alert - okay to waive and downgrade to EV2 |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | A | C | A | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115515 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: XXXX Disaster Declaration Date: XXXX |
Reviewer Comment (2025-06-04): PDI provided. Seller Comment (2025-06-03): (Rate Lock) Please see attached PDI completed for this XXXX disaster declaration - okay to waive and downgrade to EV2 |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115515 | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the XXXX in file. | The preliminary title report in file disclosed $XXXX of title insurance coverage; however this is less than the loan amount of $XXXX . Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-06-04): Client elects to Waive. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | |||||||||
| XXXX | XXXX | XXXX | 4350115515 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Final 1003 not provided. | Reviewer Comment (2025-06-06): Provided. Cleared. Seller Comment (2025-06-06): (Rate Lock) Please see attached final loan application |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115516 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of XXXX is less than Guideline minimum loan amount of XXXX. | The loan amount is $XXXX which is below $XXXX minimum required. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower's Experience/Track Record The qualifying DSCR on the loan is greater than the guideline minimum. |
XXXX year experience and XXXX REO XXXXx DSCR |
SitusAMC Originator Originator |
Reviewer Comment (2025-06-05): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115517 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on XXXX , prior to XXXX (XXXX ) business days from transaction date of XXXX . | Loan disbursed on XXXX which is XXXX business days prior from transaction date. | Reviewer Comment (2025-06-20): Final Settlement Stmt provided. Dis date XXXX Seller Comment (2025-06-18): (Rate Lock) File disbursed XXXX this is acceptable |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115518 | XXXX | XXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXX or XXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Policy amount is not provided. | Reviewer Comment (2025-06-16): Client elects to Waive. Seller Comment (2025-06-12): (Rate Lock) Lender accepts the EV2 |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||||||
| XXXX | XXXX | XXXX | 4350115518 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved exception for XXXX score below minimum of XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115521 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for a XXXX sqft condo unit which is below the XXXX sqft required minimum. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-17): . Reviewer Comment (2025-06-17): Lender provided exceptions with compensating factors. Seller Comment (2025-06-13): (Rate Lock) Please see attached exception approval from the loan buyer |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115521 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for XXXX concentration as the condo has XXXX % investor concentration exceeding the guideline maximum of XXXX %. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-17): Lender provided exceptions with compensating factors. Seller Comment (2025-06-13): (Rate Lock) Please see attached exception approval from the loan buyer |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115522 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for zoning as XXXX /XXXX /XXXX , XXXX is not permitted under guidelines. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Debt Service Coverage Ratio: XXXX Guideline Requirement: XXXX Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-23): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115523 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to use bank statements for Asset Utilization with one co-owner that is not a borrower. | Borrower has verified disposable income of at least $XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous Miscellaneous |
Housing payment history is XXXX or better. Borrower has real estate investment experience as seasoned investor with more than XXXX prior investments displaying at least XXXX pay history. |
SitusAMC SitusAMC SitusAMC Originator Originator |
Reviewer Comment (2025-06-05): Client elects to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115526 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for borrower who does not have an established credit history of XXXX years. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Borrower's Experience/Track Record |
Borrower is a first time investor who purchased XXXX residence in XXXX XXXX, prior to that was living rent free. | SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-18): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115526 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for Borrower contribution of XXXX % when requirement is for XXXX XXXX% when using XXXX funds. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Borrower's Experience/Track Record |
Borrower is a first time investor who purchased XXXX residence in XXXX XXXX, prior to that was living rent free. | SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-18): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115526 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception to allow use of XXXX from non-borrowing title holder borrower's father. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Borrower's Experience/Track Record |
Borrower is a first time investor who purchased XXXX residence in XXXX XXXX, prior to that was living rent free. | SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-18): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115526 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for Gift funds of $XXXX being more than XXXX % of the XXXX price. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. Borrower's Experience/Track Record |
Borrower is a first time investor who purchased XXXX residence in XXXX XXXX, prior to that was living rent free. | SitusAMC SitusAMC Originator |
Reviewer Comment (2025-06-18): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115530 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Calculated loan to value percentage of XXXX % exceeds Guideline loan to value percentage of XXXX % for a refinance. | The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's Experience/Track Record |
Guidelines Representative FICO: XXXX Representative FICO: XXXX Borrower has XXXX years of experience with XXXX REO significant renovations. |
Originator,SitusAMC Originator |
Reviewer Comment (2025-06-06): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115530 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX. | Lender approved an exception for Calculated PITIA months reserves of XXXX less than Guideline PITIA months reserves of XXXX . | The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's Experience/Track Record |
Guidelines Representative FICO: XXXX Representative FICO: XXXX Borrower has XXXX years of experience with XXXX REO significant renovations. |
Originator,SitusAMC Originator |
Reviewer Comment (2025-06-06): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115532 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan XXXX Test | TILA HPML appraisal Rule (Dodd-Frank XXXX ): Safe Harbor requirements not satisfied. | Lender on Appraisal differs from the Note. Appraisal transfer was not provided. | Reviewer Comment (2025-06-16): Client elects to waive. Seller Comment (2025-06-12): (Rate Lock) accept EV2 as is and wishes to proceed |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115532 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Lender approved an exception for XXXX % LTV which is greater than guideline maximum LTV of XXXX % for borrower living rent free. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has verified disposable income of at least $XXXX. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-11): Lender provided exception with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115532 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | Lender approved an exception for XXXX % CLTV which is greater than guideline maximum CLTV of XXXX % for borrower living rent free. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has verified disposable income of at least $XXXX. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-11): Lender provided exception with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | B | B | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115533 | XXXX | XXXX | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Appraisal address does not match the Note address. Legal address shows a city that does not match Note. | Reviewer Comment (2025-07-08): Per legal description, the property is also known by the city address of XXXX. Seller Comment (2025-07-07): (Rate Lock) Please see page XXXX on comments about the city name Reviewer Comment (2025-06-25): Attached. Reviewer Comment (2025-06-25): Attached Seller Comment (2025-06-24): (Rate Lock) Please see page XXXX on comments about the city name |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115533 | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Insurance address does not match the Note address. Legal address shows a city that does not match Note. | Reviewer Comment (2025-07-08): Updated document provided. Reviewer Comment (2025-07-07): Exception remains. Need Hazard Insurance Policy with correctly subject property address. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115533 | XXXX | XXXX | Credit | Loan Eligibility | Guideline Issue | Loan Eligibility | XXXX history reflects lates that do not meet guidelines. | - Housing history reflects a total of XXXX reported late payments. | Lender approved exception for housing history lates, primary residence heloc with a XXXX day late within the past XXXX months. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. DTI: XXXX% Guideline Maximum DTI: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115533 | XXXX | XXXX | Credit | Loan Eligibility | Guideline Issue | Loan Eligibility | Credit history reflects lates that do not meet guidelines. | - Credit history reflects a total of XXXX reported late payments. | Lender approved exception for credit card with a past due balance of $XXXX , was paid off at closing. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. DTI: XXXX% Guideline Maximum DTI: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115533 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for mortgage #XXXX XXXX day late on XXXX . | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. DTI: XXXX% Guideline Maximum DTI: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115534 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Lender approved exception for LTV of XXXX %. Calculated LTV of XXXX % exceeds Guideline loan to value percentage of XXXX % for a cash-out refinance with XXXX % LTV reduction due to property listed within the past XXXX months. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115534 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | Lender approved exception for CLTV of XXXX %. Calculated CLTV of XXXX % exceeds Guideline loan to value percentage of XXXX % for a XXXX refinance with XXXX % CLTV reduction due to property listed within the past XXXX months. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115535 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage statement of Address: XXXX is not provided. | Reviewer Comment (2025-07-03): Received mortgage statement in trailing docs. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115535 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception to proceed without including note on non-subject in DTI. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Documentation Type: XXXXmo Bank Statement Disposable Income: $ XXXX Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-26): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115536 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $XXXX on Loan Estimate but disclosed as $XXXX on Final Closing Disclosure. File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-05): XXXX: Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception. Seller Comment (2025-06-04): (Rate Lock) This was disclosed on the final CD signed at closing - see Lender credits on page XXXX in the amount of $XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115536 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $XXXX on Loan Estimate but disclosed as $XXXX on Final Closing Disclosure. File does not contain a valid change of circumstance for this fee, Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-05): XXXX: Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception. Seller Comment (2025-06-04): (Rate Lock) This was disclosed on the final CD signed at closing - see Lender credits on page XXXX in the amount of $XXXX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115536 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-06-05): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | XXXX | XXXX | Yes | |||||||||||
| XXXX | XXXX | XXXX | 4350115536 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-06-05): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | XXXX | XXXX | Yes | |||||||||||
| XXXX | XXXX | XXXX | 4350115538 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX business days prior to consummation. | Verification of appraisal was delivered to borrower not provided in file. | Reviewer Comment (2025-06-27): Client elects to waive. Seller Comment (2025-06-25): (Rate Lock) Lender accepts and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | A | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115539 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for investor occupancy at XXXX % vs guideline max of XXXX %. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-04): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115539 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for association having outstanding critical repairs. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-04): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115539 | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Lender approved exception for non-warrantable condo. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-04): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115541 | XXXX | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of XXXX is less than Guideline representative FICO score of XXXX. | Lender approved exception for minimum FICO at XXXX where guideline minimum is XXXX . | Borrower has verified disposable income of at least $XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Borrower has verified disposable income of at least $XXXX. Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115543 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved exception at origination for "requesting exception to allow dscr score under XXXX at XXXX ". | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Housing payment history is XXXX or better |
SitusAMC Originator |
Reviewer Comment (2025-06-09): Lender exceptions with comp factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115544 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved for XXXX cash-out refinance. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. |
Reserves: XXXX Guideline Requirement: XXXX Combined Loan to Value: XXXX% Guideline Maximum Combined Loan to Value: XXXX% Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% |
Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-18): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115544 | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Lender approved an exception for non-warrantable condo. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. |
Reserves: XXXX Guideline Requirement: XXXX Combined Loan to Value: XXXX% Guideline Maximum Combined Loan to Value: XXXX% Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% |
Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-18): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115545 | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Insurance address does not match the Note address. Legal address shows a city that does not match Note. | Reviewer Comment (2025-06-16): Received Proof they are one in the same and both are acceptable in trailing docs. Seller Comment (2025-06-12): (Rate Lock) Proof they are one in the same and both are acceptable |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115545 | XXXX | XXXX | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Appraisal address does not match the Note address. Legal address shows a city that does not match Note. | Reviewer Comment (2025-06-16): Received Proof they are one in the same and both are acceptable in trailing docs. Seller Comment (2025-06-12): (Rate Lock) Proof they are one in the same and both are acceptable |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115545 | XXXX | XXXX | Credit | Loan Eligibility | Guideline Issue | Loan Eligibility | Housing history reflects lates that do not meet guidelines. | - Housing history reflects a total of XXXX reported late payments. | Lender approved exception housing lates for XXXX residence XXXX XXXX XXXX days late on XXXX . | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115545 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Credit Card #XXXX has a recent past due balance of $XXXX making pay current. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115545 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Loan file is missing a mortgage statement for XXXX property. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-16): Received Final CD in trailing docs. Seller Comment (2025-06-12): (Rate Lock) Final CD provided |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115545 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for mortgage #XXXX XXXX day late on XXXX. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-11): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115546 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender approved an exception for DSCR less than XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX Borrower has a Housing payment history is XXXX or better and no credit debt. |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-18): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115547 | XXXX | XXXX | Compliance | Compliance | County Compliance | State Defect | (County High Cost) XXXX County Threshold Loan (Points and Fees) | XXXX County Predatory Lending Ordinance: Points and Fees on subject loan of XXXX % is in excess of the allowable maximum of XXXX % of the County Total Loan Amount. Points and Fees total $XXXX on a County Total Loan Amount of $XXXX vs. an allowable total of $XXXX (an overage of $XXXX or .XXXX %). Compliant High Cost Loan. | Points and Fees on subject loan of XXXX % is in excess of the allowable maximum of XXXXXXXX of the County Total Loan Amount | Reviewer Comment (2025-06-26): Gap Risk Coverage Fee excluded from points and fees based on lender explanation of fee which is coverage for the gap between closing and recording - an excludable fee. Reviewer Comment (2025-06-18): Please provide the purpose for the Title-Gap Risk Coverage Fee of $XXXX disclosed on the Closing Disclosure. Reviewer Comment (2025-06-13): Mavent report provided in trailing docs does show that loan failed the high cost test. |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Primary | Purchase | B | B | B | B | B | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115547 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for non-permanent resident EAD card with XXXX category expired as of XXXX . | Borrower has verified disposable income of at least $XXXX. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has verified disposable income of at least $XXXX. Borrower's Own Funds Percent: XXXX% Borrower's Own Funds Amount: $ XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-10): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | B | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115549 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX XXXX business days prior to consummation. | No evidence of earlier receipt of appraisal. | Reviewer Comment (2025-06-26): Client elects to waive. Seller Comment (2025-06-24): (Rate Lock) accept EV2 as is and wishes to proceed |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115549 | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance policy has a shortfall of $XXXX . | Reviewer Comment (2025-06-25): Blanket coverage policy updated as property is PUD attached. Exception cleared Seller Comment (2025-06-24): (Rate Lock) Please see page XXXX , this has extended RC |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115549 | XXXX | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Hazard Insurance Policy Effective Date of XXXX is after disbursement Date of XXXX . | Reviewer Comment (2025-06-25): Hazard insurance policy provided is prior to the disbursement date. Exception cleared. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115550 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for YTD income from XXXX employer less than XXXX % than prior year, only XXXX % of average monthly income so far. Letter from employer confirms they make bulk of income in latter part of year and expect it to continue. Bank statements show XXXX to XXXX is where bulk of money is made. | Borrower has been employed in the same industry for more than XXXX years. Borrower has owned the subject property for at least XXXX years. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-16): Lender exception with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115550 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan Designation discrepancy due to missing hazard for XXXX . YTD income from 1099 employer is less than XXXX % from prior year. | Reviewer Comment (2025-06-19): System cleared after Lender Exception with Compensating Factors provided and evidence of hazard coverage. Seller Comment (2025-06-17): (Rate Lock) HOI provided and exception provided for 1099 already approved |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115550 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank XXXX ): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to missing statement to verify hazard payment for XXXX . YTD income from 1099 employer is less than XXXX % from prior year. | Reviewer Comment (2025-06-19): System cleared after Lender Exception with Compensating Factors provided and evidence of hazard coverage. Seller Comment (2025-06-17): (Rate Lock) HOI provided and exception provided for 1099 already approved |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115550 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | File is missing statement to verify hazard payment for XXXX . YTD income from 1099 employer is less than XXXX % from prior year. | Borrower has been employed in the same industry for more than XXXX years. Borrower has owned the subject property for at least XXXX years. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-19): Lender Exception with Compensating Factors provided for 1099 income not at income average YTD. Seller Comment (2025-06-17): (Rate Lock) HOI provided and exception provided for 1099 already approved |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115550 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX ): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to missing statement to verify hazard payment for XXXX YTD income from 1099 employer is less than XXXX % from prior year. | Reviewer Comment (2025-06-19): System cleared after Lender Exception with Compensating Factors provided and evidence of hazard coverage. Seller Comment (2025-06-17): (Rate Lock) HOI provided and exception provided for 1099 already approved |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115550 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing hazard coverage for XXXX property. | Reviewer Comment (2025-06-19): Hazard provided. Seller Comment (2025-06-17): (Rate Lock) HOI provided and exception provided for 1099 already approved |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115552 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for roof insured at Actual Cash Value vs Replacement Cost after XXXX years. Roof replaced in XXXX (XXXX years) and remaining life XXXX years per reserve study, estimated cost to replace of $XXXX and current HOA reserves is $XXXX . | The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Guidelines Representative FICO: XXXX Representative FICO: XXXX Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% |
SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-12): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115553 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Requested: Condominium exception for roofs insured at Actual Cash Value vs Replacement Cost. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. Mortgage history XXXX + years XXXX. |
SitusAMC SitusAMC SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-20): Lender exception with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115553 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing mortgage statement (including property charges) for REO XXXX. | Reviewer Comment (2025-06-25): Received Note in the trailing docs. Seller Comment (2025-06-23): See attached First payment letter and note |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115553 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Loan file is missing Insurance and Tax verification for XXXX property. | Reviewer Comment (2025-06-30): Received documents in trailing docs. Seller Comment (2025-06-26): Please see attached Taxes and Insurance |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Investment | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115554 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX XXXX business days prior to consummation. | Evidence of borrower's receipt of the appraisal XXXX business days prior to consummation was not provided. | Reviewer Comment (2025-06-26): Client elects to waive. Seller Comment (2025-06-24): (Rate Lock) accept EV2 as is and wishes to proceed |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115554 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank XXXX ): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Reviewer Comment (2025-06-26): Client elects to waive. Seller Comment (2025-06-24): (Rate Lock) accept EV2 as is and wishes to proceed |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115554 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee was not disclosed on the initial LE but increased to $XXXX on the final CD. No cure/ change of circumstance was provided to the borrower. | Reviewer Comment (2025-06-27): XXXX received valid rebuttal comment with additional information for a valid changed circumstance. Seller Comment (2025-06-26): (Rate Lock) CDA was needed due to appraisal coming back with high UCDP score |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115554 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for XXXX . | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrower has verified disposable income of at least $XXXX. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. DTI: XXXX% Guideline Maximum DTI: XXXX% Reserves: XXXX Guideline Requirement: XXXX Borrower has verified disposable income of at least $XXXX. |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-23): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | B | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115557 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | Credit Report Fee increased to $XXXX without a valid change of circumstance or cure provided to the borrower. | Reviewer Comment (2025-06-25): XXXX : Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception. Seller Comment (2025-06-24): (Rate Lock) Applied at close |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115557 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-06-25): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | XXXX | XXXX | Yes | |||||||||||
| XXXX | XXXX | XXXX | 4350115558 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:XXXX Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX . Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-20): XXXX received rebuttal comment and as per COC dated XXXX . Seller Comment (2025-06-19): (Rate Lock) It is more than enough, because the borrower decided to provide less bank statements causing the price to increase. The borrower willingly decided to opt for less and take the pricing hit. Reviewer Comment (2025-06-19): XXXX received COC reason with the # of months of bank statement. but it does not give sufficient information on what new information was received in the bank statements that causing to change the pricing and we also required additional information on why the information was received at the time of revised CD dated XXXX and was not known prior to and at initial application disclosure and to provide information supporting lender's knowledge of when they became aware of the changes or Cure is due to borrower. Seller Comment (2025-06-18): (Rate Lock) The CIC states the reason of the change is due to the # of months of bank statements, which is a valid change in pricing. Reviewer Comment (2025-06-18): XXXX received Changed Circumstance dated XXXX , but it does not give sufficient information on why the Lender credit was decreased. In order to determine if the changed circumstance is valid more information is necessary on reason for the pricing changed and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Seller Comment (2025-06-17): (Rate Lock) CIC provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115559 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception Requesting exception for transferred appraisal showing a manufactured home on the premises (not subject dwelling) | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Debt Service Coverage Ratio: XXXX Guideline Requirement: XXXX Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-16): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115560 | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient by $XXXX . | Reviewer Comment (2025-06-25): Replacement Cost Estimator letter received and associated. Exception Cleared. Seller Comment (2025-06-24): (Rate Lock) RCE explanation provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115560 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan Designation discrepancy due to missing verification of the business entity used for income within XXXX days prior to the Note date. | Reviewer Comment (2025-06-25): VVOE document received and associated. Exception Cleared. Seller Comment (2025-06-24): (Rate Lock) SE VOE provided |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115560 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank XXXX ): Unable to verify current employment status using reasonably reliable XXXX -party records. | Waterfall due to missing verification of the business entity used for income within XXXX days prior to the Note date. | Reviewer Comment (2025-06-25): VVOE document received and associated. Exception Cleared. Seller Comment (2025-06-24): (Rate Lock) SE VOE provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115560 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank XXXX ): General Ability-to-Repay requirements not satisfied. | Waterfall due to missing verification of the business entity used for income within XXXX days prior to the Note date. | Reviewer Comment (2025-06-25): VVOE document received and associated. Exception Cleared. |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115560 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank XXXX ): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to missing verification of the business entity used for income within XXXX days prior to the Note date. | Reviewer Comment (2025-06-25): VVOE document received and associated. Exception Cleared. Seller Comment (2025-06-24): (Rate Lock) SE VOE provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115560 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:XXXX Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $XXXX exceeds tolerance of $-XXXX . Insufficient or no cure was provided to the borrower. | XXXX Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $XXXX exceeds tolerance of $-XXXX . Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-26): XXXX received COC dated XXXX and as per rate lock and final LTV on 1008. Seller Comment (2025-06-25): (Rate Lock) Per CIC not just LA changed. Other things did as well. Please reivew. Reviewer Comment (2025-06-25): XXXX : The COC dated XXXX that was provided in the trailing images was also provided in the original loan package indicates that loan amount change. However, Loan amount change is not valid reason for the pricing decrease and lender credit decrease as the lender credit did not decrease proportionately with the loan amount decrease. Also, it does not give sufficient information on what impacts in the program that required to change in the pricing. Please provide additional information to support a valid changed circumstance reason for the pricing decrease. Seller Comment (2025-06-24): (Rate Lock) CIC provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115560 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The loan file is missing a verification of the business entity used for income within XXXX days prior to the Note date. | Reviewer Comment (2025-06-25): VVOE document received and associated. Exception Cleared. Seller Comment (2025-06-24): (Rate Lock) SE VOE provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115560 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The loan file is missing a verification of the business entity used for income within XXXX days prior to the Note date. | Reviewer Comment (2025-06-25): VVOE document received and associated. Exception Cleared. Seller Comment (2025-06-24): (Rate Lock) SE VOE provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115560 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX ): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The loan file is missing a verification of the business entity used for income within XXXX days prior to the Note date. | Reviewer Comment (2025-06-25): VVOE document received and associated. Exception Cleared. Seller Comment (2025-06-24): (Rate Lock) SE VOE provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115561 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender requested an exception which was approved for DSCR score below XXXX at XXXX . | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-18): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115561 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for Short term rental listed on XXXX but printout does not have the address as required by the guidelines. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-18): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115562 | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of XXXX is less than the note amount of XXXX based on the XXXX in file. | Reviewer Comment (2025-07-01): Client elects to waive. Seller Comment (2025-06-27): (Rate Lock) Lende accepts the EV2 and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115565 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within XXXX XXXX business days of application. | Reviewer Comment (2025-07-01): Client elects to waive. Seller Comment (2025-06-27): (Rate Lock) Lender accepts the EV2 and wishes to waive |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | A | A | C | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115565 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Reason | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. | Final Closing Disclosure provided on XXXX did not disclose the reason why the loan will not have an escrow account. | Reviewer Comment (2025-06-30): XXXX received Letter of Explanation & Corrected Closing Disclosure. Seller Comment (2025-06-27): (Rate Lock) PCCD provided |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115566 | XXXX | XXXX | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | Exception is required to proceed without primary housing documented. The borrower owns primary residence, but not on the mortgage note. Unable to obtain rent free letter. | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower has verified disposable income of at least $XXXX. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. DTI: XXXX% Guideline Maximum DTI: XXXX% Borrower has verified disposable income of at least $XXXX. |
SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-23): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115572 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for more than XXXX XXXX /XXXX in a XXXX month period. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-24): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115575 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for the budget reserve allocation of 4.2% after deducting the reserve and water/sewer/trash utility line items, requesting for budget below requirement was approved. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
Borrower has been employed in the same industry for more than 5 years. Borrower has worked in the same position for more than 3 years. Reserves: 36.73 Guideline Requirement: 6.00 Guidelines Representative FICO: 720 Representative FICO: 760 |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-25): Lender Exception with Compensating Factors provided. Reviewer Comment (2025-06-19): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115575 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of XXXX exceeds Guideline total debt ratio of XXXX. | Subject is non-warrantable condo and the maximum DTI is 43%. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
Borrower has been employed in the same industry for more than 5 years. Borrower has worked in the same position for more than 3 years. Reserves: 36.73 Guideline Requirement: 6.00 Guidelines Representative FICO: 720 Representative FICO: 760 |
Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-07-09): Lender Exception provided with Compensating Factors. Seller Comment (2025-07-07): (Rate Lock) Docs provided Reviewer Comment (2025-06-27): Borrower's primary PITIA= $2,253.35 Investment Negative cash flow= $4,898.02 Credit debt= $2,188.04 Totals = $9,339.41. DTI= $9,339.41/ $19,238.59 = 48.54%. Calculated income for XXXX #5 based on the tax returns provided is -$1,247.14. 1003/1008 does not match our calculation. Income worksheet associated #6 debt with unit #5 income. Seller Comment (2025-06-25): (Rate Lock) Lender DTI calculated at 43% |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115576 | XXXX | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Lender approved an exception for non-warrantable condo. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-24): Received warranty docs in trailing docs. Seller Comment (2025-06-23): attached Reviewer Comment (2025-06-19): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Second Home | Purchase | B | A | B | A | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115578 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX. | Lender approved exception to proceed with XXXX months reserves where guideline states we need XXXX months reserves. | Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower has verified disposable income of at least $XXXX. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has worked in the same position for more than XXXX years. DTI: XXXX% Guideline Maximum DTI: XXXX% Documentation Type: XXXXmo Bank Statement Disposable Income: $XXXX |
Originator,SitusAMC Originator,SitusAMC Originator Originator,SitusAMC |
Reviewer Comment (2025-06-25): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | B | B | C | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115578 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to available reserves of XXXX being less than guideline requirement of XXXX . resulting in loan designation discrepancy. | Reviewer Comment (2025-06-25): System cleared with Compensating Factors from Lender Exception. |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | B | B | C | A | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115578 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXX ): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to available reserves of XXXX being less than guideline requirement of XXXX . | Reviewer Comment (2025-06-25): System cleared with Compensating Factors from Lender Exception. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | B | B | C | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115580 | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower is a XXXX time home buyer and ineligible per guidelines. | - | A XXXX time homebuyer is ineligible per guidelines. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous |
The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. Revolving credit usage XXXX%. |
SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-20): Lender exception with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115581 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Reason | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. | Final Closing Disclosure provided on XXXX did not disclose why the loan will not have an escrow account. | Reviewer Comment (2025-06-24): XXXX received PCCD and LOE Seller Comment (2025-06-23): Please see attached. |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115583 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for non-warrantable condo. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower has worked in the same position for more than XXXX years. Reserves: XXXX Guideline Requirement: XXXX DTI: XXXX% Guideline Maximum DTI: XXXX% |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC SitusAMC Originator,SitusAMC SitusAMC |
Reviewer Comment (2025-06-19): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | B | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115584 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXX ): Borrower waived right to receive a copy of the appraisal at least XXXX XXXX business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least XXXX XXXX business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-06-24): Client elects to waive. Seller Comment (2025-06-23): (Rate Lock) Lender accepts the EV2 |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | B | B | A | A | B | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115588 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for the property being an XXXX with an XXXX and the appraiser was unable to provide a reliable 1007 as it is not common in the market to rent the main unit and XXXX seperately. | The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. |
Guidelines Representative FICO: XXXX Representative FICO: XXXX Reserves: XXXX Guideline Requirement: XXXX |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-19): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115589 | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Reviewer Comment (2025-07-02): Received doc in trailing docs. Seller Comment (2025-06-30): (Rate Lock) Full HUD provided Reviewer Comment (2025-06-27): HUD provided is missing some pages. Please provide all the pages of the HUD. Seller Comment (2025-06-25): (Rate Lock) HUD provided |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115592 | XXXX | XXXX | Credit | Business Purpose | General | Business Purpose | Open Tradeline requirement not met. | - Borrower has XXXX Open Tradelines which is less than the minimum required by guidelines. | Lender approved an exception for borrower having XXXX tradeline of their own reporting for XXXX months. | Borrower has owned the subject property for at least XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has owned the subject property for at least XXXXyears. Reserves: XXXX Guideline Requirement: XXXX Combined Loan to Value: XXXX% Guideline Maximum Combined Loan to Value: XXXX% Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-25): Lender Exception with Compensating Factors provided. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115592 | XXXX | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved an exception for borrower being a XXXX st time homeowner and investor. | Borrower has owned the subject property for at least XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXXX%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXXX%. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
Borrower has owned the subject property for at least XXXXyears. Reserves: XXXX Guideline Requirement: XXXX Combined Loan to Value: XXXX% Guideline Maximum Combined Loan to Value: XXXX% Loan to Value: XXXX% Guideline Maximum Loan to Value: XXXX% Guidelines Representative FICO: XXXX Representative FICO: XXXX |
Originator,SitusAMC Originator,SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-06-25): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115594 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX ) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Requesting to allow DSCR .XXXX . | The representative FICO score exceeds the guideline minimum by at least XXXX points. Miscellaneous Borrower's Experience/Track Record |
Guidelines Representative FICO: XXXX Representative FICO: XXXX Housing payment history is XXXX or better Borrower's Experience/Track Record. The borrower has: XXXX Years of Experience. Currently holds XXXX Properties and has Completed XXXXProperties. |
SitusAMC Originator Originator |
Reviewer Comment (2025-06-23): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115599 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject XXXX) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of XXXX does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX. | Lender exception approved for DSCR of XXXX less than guideline minimum of XXXX . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. Borrower's Experience/Track Record |
Reserves: XXXX Guideline Requirement: XXXX Guidelines Representative FICO: XXXX Representative FICO: XXXX Borrower's Experience/Track Record. The borrower has: XXXX Years of Experience with housing history of XXXXor better. |
Originator,SitusAMC Originator,SitusAMC Originator |
Reviewer Comment (2025-06-25): Lender Exception provided with Compensating Factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Purchase | B | B | B | B | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115602 | XXXX | XXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2025-06-23): E-Sign Consent Agreement received and associated. Exception cleared. Seller Comment (2025-06-23): Please see attached - the e-consent was in the credit package, can be found on pg XXXX . Reviewer Comment (2025-06-20): E-sign Consent Agreement required as the Loan estimate dated XXXX is e-signed. Exception remains. Seller Comment (2025-06-19): E-consent is not required since borrower wet-signed the initial disclosures. Attached is a copy of the signed initial LE. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115602 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | XXXX HPML XXXX Non Compliant | XXXX Higher-Priced Mortgage Loan: APR on subject loan of XXXX % or Final Disclosure APR of XXXX % is equal to or greater than the threshold of APOR XXXX % + XXXX %, or XXXX %. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of v% or Final Disclosure APR of XXXX % is equal to or greater than the threshold of APOR XXXX % + XXXX %, or XXXX %. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-06-20): Appraisal report and receipt of appraisal received .Exception cleared Seller Comment (2025-06-19): Proof of delivery dated XXXX submitted. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115602 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX XXXX business days prior to consummation. | No evidence that borrower received a copy of appraisal at least XXXX business days to closing. | Reviewer Comment (2025-06-20): Appraisal report and receipt of appraisal received .Exception cleared Seller Comment (2025-06-19): See attached copy of original appraisal and proof of delivery on XXXX which is way before the closing date of XXXX . Appraisal was revised on XXXX only to include the condo project information. Seller Comment (2025-06-19): See attached copy of original appraisal and proof of delivery on XXXX which is way before the closing date of XXXX Appraisal was revised on XXXX only to include the condo project information. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115602 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXX ): Borrower waived right to receive a copy of the appraisal at least XXXX XXXX business days prior to closing, and appraisal was not provided at or before closing. | No evidence that borrower received a copy of appraisal at least XXXX business days to closing. | Reviewer Comment (2025-06-20): Appraisal report and receipt of appraisal received .Exception cleared Seller Comment (2025-06-19): Proof of delivery on XXXX submitted. |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115602 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of revised valuation to applicant XXXX XXXX business days prior to consummation. | Revised appraisal is not receipt to borrower prior to XXXX business days | Reviewer Comment (2025-06-25): Waived at client's request. Seller Comment (2025-06-24): The appraisal was delivered to the borrower way before XXXX days prior to closing. The original appraisal is dated XXXX , delivered to borrower on XXXX . The project information was missing on the report and a revision was made just to add the project name and this was done XXXX , and the revised was sent to the borrower on XXXX . Honestly, this is never an issue with other investors. We go by the delivery of the original appraisal report. Reviewer Comment (2025-06-24): Proof of delivery provided in trailing documents is for Appraisal with report date of XXXX . Final Appraisal with report date of XXXX was not received by the borrower XXXX business days prior to closing. Appraisal was delivered XXXX closing date is XXXX . XXXX is a XXXX which puts the XXXX business days atXXXX Seller Comment (2025-06-23): Please see attached proof of delivery. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | |||||||||||
| XXXX | XXXX | XXXX | 4350115623 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | XXXX Calculation Worksheet is missing in file | Reviewer Comment (2025-06-18): Received Updated DSCR calculation worksheet matching the DSCR ratio. Exception cleared. Buyer Comment (2025-06-16): updated DSCR calculator Reviewer Comment (2025-06-13): Received DSCR calculation however Incorrect PITIA used for calculation, Correct PITIA is $XXXX whereas Lender used $XXXX . Exception Remains Buyer Comment (2025-06-12): DSCR calculator |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | D | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115625 | XXXX | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: XXXX | A CDA is required and was not provided. XXXX | Reviewer Comment (2025-06-04): Received Primary appraiser addressing Market value correctly updated based on Comps and value trends are stable. Exception Cleared Buyer Comment (2025-06-03): Appraisal Reviewer Comment (2025-05-22): CDA is already provided which noted Market value is XXXX, Require Primary appraiser to address XXXX statement noted in CDA. Exception remains Buyer Comment (2025-05-21): CDA Reviewer Comment (2025-05-15): Received same CDA with market value declining, Require Primary appraiser to address the Declining statement reported in CDA. Exception Remains Buyer Comment (2025-05-15): CDA Reviewer Comment (2025-05-14): Received CDA with market value declining, Require Primary appraiser to address the Declining statement reported in CDA. Exception Remains Buyer Comment (2025-05-13): CDA |
XXXX | XXXX | XXXX | 1 | D | A | D | A | D | A | D | A | D | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115625 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing in file. | Reviewer Comment (2025-05-14): Received Certificate of Good standing for subject borrower. Exception Cleared Buyer Comment (2025-05-13): cogs |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115625 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) is missing in file. | Reviewer Comment (2025-05-14): Received Lender LOX confirming EIN, Guideline does not specified the EIN requirement. Exception Cleared Buyer Comment (2025-05-13): EIN |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115625 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in file. | Reviewer Comment (2025-06-04): Received Signed Operating agreement. Exception Cleared Buyer Comment (2025-06-03): signed OperatingAgreement Reviewer Comment (2025-05-14): Received Operating agreement however it is not signed. Require signed copy. Exception Remains Buyer Comment (2025-05-13): unsigned operating agreement |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115625 | XXXX | XXXX | Credit | Credit | Miscellaneous | Credit | A copy of Asset Verification Report is not on file. | Guides require all members to sign all documents the same as primary borrower. XXXX is listed on the Articles of Organization as a Member and did not sign on the loan. Subject to review of the operating agreement for confirmation. | Borrower has owned the subject property for at least XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-11): Investor exception provided. Buyer Comment (2025-06-10): Loan will be moving to XXXX . Buyer Comment (2025-06-10): Exception from XXXX XXXX. Reviewer Comment (2025-05-23): LOE noted Subject review of the operating agreement for confirmation, however Per Operating agreement subject Business entity is Owned by XXXX Member XXXX and XXXX XXXX % each, however XXXX does not signed the require documents per guideline XXXX (under LLC, partnership, Corporation Section). Additionally provide Signed Operating agreement. Exception Remains Buyer Comment (2025-05-21): UW LOX Reviewer Comment (2025-05-15): LOE noted Subject review of the operating agreement for confirmation, however Per Operating agreement subject Business entity is Owned by XXXX MemberXXXX XXXX % each, however XXXX does not signed the require documents per guideline XXXX (under LLC, partnership, Corporation Section). Exception Remains Buyer Comment (2025-05-15): LOE Reviewer Comment (2025-05-14): Per Operating agreement subject Business entity is Owned by XXXX Member XXXX XXXX % each, however XXXX does not signed the require documents per guideline XXXX (under LLC, partnership, Corporation Section). Exception Remains Buyer Comment (2025-05-13): see operating agreement |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115607 | XXXX | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Report in file disclosed $XXXX of title insurance coverage; however this is less than the loan amount of $XXXX . Provide a copy of the final title policy or a supplemental title report verifying title insurance of at least the loan amount $XXXX . | Reviewer Comment (2025-05-09): Received updated title policy covering the loan amount. Exception Cleared Buyer Comment (2025-05-08): updated title policy |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115607 | XXXX | XXXX | Credit | Credit | Credit Documentation | Credit | A summary review of all the documentation in the loan file casts doubt on the business purpose of the loan. | As per Security Instrument, borrower is in name of "XXXX ", however as per Note, Title report, 1004, CDA, Hazard Insurance, 1008, Approval document borrower is individual "XXXX" and executed all the document as individual. If borrower is individual, provide corrected security instrument reflecting borrower as individual or if borrower is LLC, borrower should execute all documents as XXXX and provide all LLC documents, if required. | Reviewer Comment (2025-06-05): Deed provided. Cleared. Buyer Comment (2025-06-04): Security Deed Buyer Comment (2025-06-04): disclosures continuation Buyer Comment (2025-06-04): closing disclosure Buyer Comment (2025-06-04): 1003 Buyer Comment (2025-06-04): Note Buyer Comment (2025-06-04): disclosures Buyer Comment (2025-06-03): Here is the updated Note and PPP Addendum. We will upload the rest of the documents as soon as possible. Reviewer Comment (2025-05-27): Received EIN, Articles and Certificate of Good standing for Business XXXX , however exception is for Vesting confirmation. Note signed by Individually whereas Security instrument shows Borrower as XXXX . If Vesting manner is XXXX there note and prepayment addendum must be signed as member on behalf of the Business entity. And Require document must shows borrower as Business entity (if applicable). Exception Remains Buyer Comment (2025-05-23): EIN and cog |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115607 | XXXX | XXXX | Credit | Credit | Credit Documentation | Credit | A credit report was not pulled for all members of the borrowing entity as required by guidelines. | Provide updated mortgage histories of the XXXX property & XXXX residence for the following mortgage loans reflecting on credit report for XXXX & XXXX . Missing evidence of XXXX and XXXX XXXX payments. Payment history must reflect XXXX in the most recent XXXX months including the month prior to closing. | Reviewer Comment (2025-05-09): Received Credit supplement verify payment for mortgage Account # XXXX and XXXX till XXXX . Exception Cleared Buyer Comment (2025-05-07): credit supplement |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115607 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | The loan file should include a Loan Approval indicating the loan is XXXX as per guidelines. | Reviewer Comment (2025-05-09): Received 1008 With DSCR Ratio indication loan is DSCR. Exception Cleared Buyer Comment (2025-05-07): DSCR |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115607 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | XXXX Calculation Worksheet detailing the XXXX calculation is required and was not provided. | Reviewer Comment (2025-05-09): Received 1008 DSCR Calculation. Exception Cleared Buyer Comment (2025-05-07): 1008 with DSCR calc |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | D | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115607 | XXXX | XXXX | Credit | Asset | Asset Documentation | Asset | Missing Document: Asset Documentation not provided | For XXXX , a current lease must be supported with XXXX most recent bank statements showing consecutive rental payments. A lender exception was submitted to waive the requirement of the XXXX most recent bank statements showing consecutive rental payments. The approval for this exception was not provided. | Borrower has owned the subject property for at least XXXX years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-08): Lender exception provided. Buyer Comment (2025-05-07): credit refresh Buyer Comment (2025-05-06): investor exception approval |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115619 | XXXX | XXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Provided HOI premium $XXXX is mismatch with Final 1003, FPL, Initial escrow statement & final CD of $XXXX . Required updated HOI with correct premium amount. | Reviewer Comment (2025-05-23): Received Updated CD and Updated 1003 with change in insurance amount to $XXXX. Exception Cleared Buyer Comment (2025-05-22): Updated insurance |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | D | A | D | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115619 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in file for XXXX. | Reviewer Comment (2025-06-23): Not required for corporations. Ownership provided. Buyer Comment (2025-06-20): per lender : I think the reviewer is confusing a Corporation with an XXXX in asking for an Operating Agreement. An Operating Agreement is a document normally associated with an XXXX . For a Corporation, it would be the Bylaws. Due to it being a Corporation, the ownership is going to show a little differently than an XXXX but when I look at this file it seems like we have already provided documents to support the ownership. The Articles of Incorporation and the Letter of Good Standing show XXXX as the Director, President and Treasurer along with XXXX as the Secretary. We have the Incorporator's Cert showing "all rights, responsibilities and duties ofXXXX. to the above named Director" which isXXXX. We also have the Bylaws showing that there is only XXXX Director and XXXX President and that they have full control of the Corporation. Buyer Comment (2025-06-20): per lender : I think the reviewer is confusing a Corporation with an XXXX in asking for an Operating Agreement. An Operating Agreement is a document normally associated with an XXXX. For a Corporation, it would be the Bylaws. Due to it being a Corporation, the ownership is going to show a little differently than an XXXX but when I look at this file it seems like we have already provided documents to support the ownership. The Articles of Incorporation and the Letter of Good Standing show XXXX as the Director, President and Treasurer along with XXXX as the Secretary. We have the Incorporator's Cert showing "all rights, responsibilities and duties of XXXX. to the above named Director" which isXXXX. We also have the Bylaws showing that there is only XXXX Director and XXXX President and that they have full control of the Corporation. Buyer Comment (2025-06-20): per lender : I think the reviewer is confusing a Corporation with an XXXX in asking for an Operating Agreement. An Operating Agreement is a document normally associated with an XXXX . For a Corporation, it would be the Bylaws. Due to it being a Corporation, the ownership is going to show a little differently than an XXXX but when I look at this file it seems like we have already provided documents to support the ownership. The Articles of Incorporation and the Letter of Good Standing show XXXX as the Director, President and Treasurer along withXXXX as the Secretary. We have the Incorporator's Cert showing "all rights, responsibilities and duties ofXXXX. to the above named Director" which isXXXX. We also have the Bylaws showing that there is only XXXX Director and XXXX President and that they have full control of the Corporation. Buyer Comment (2025-06-20): per lender : I think the reviewer is confusing a Corporation with an XXXX in asking for an Operating Agreement. An Operating Agreement is a document normally associated with an XXXX. For a Corporation, it would be the XXXX. Due to it being a Corporation, the ownership is going to show a little differently than an XXXX but when I look at this file it seems like we have already provided documents to support the ownership. The Articles of Incorporation and the Letter of Good Standing showXXXX as the Director, President and Treasurer along withXXXX as the Secretary. We have the Incorporator's Cert showing "all rights, responsibilities and duties of XXXX. to the above named Director" which is XXXX. We also have the Bylaws showing that there is only XXXX Director and XXXX President and that they have full control of the Corporation. Reviewer Comment (2025-06-04): Minutes of first meeting of board of directors of XXXX reflect President, Secretary and Treasurer require supporting documentation to verify percentage of ownership from these members. exception remains. Buyer Comment (2025-06-03): Lender's response: Signed copy of the Waiver of Notice of First Meeting of Shareholders of [XXXX. This states that XXXX is the sole shareholder of XXXX Reviewer Comment (2025-05-23): Received Company by laws however it does not have guarantor Ownership% nor the name of the guarantor .Require Company resolution or supporting document Both Guarantor owned the business as available Company Resolution is unsinged and Borrower LOX does not suffice the requirement . Exception Remains Buyer Comment (2025-05-22): Company bylaws |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | D | A | D | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115619 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | XXXX Calculation Worksheet is missing in file, required XXXX calculation with updated HOI premium for XXXX calculation. Provided Lender DSCR score is XXXX as per 1008 however calculated XXXX ratio is XXXX . | Reviewer Comment (2025-05-30): Received 1008 with DSCR calculation. Exception Cleared. Buyer Comment (2025-05-29): updated 1008 with calc Reviewer Comment (2025-05-23): Provided Cover letter & 1008 only noted DSCR Ratio. however Require DSCR Calculation. Exception Remains Buyer Comment (2025-05-22): DSCR Calculation on cover sheet |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | D | A | XXXX | XX | Investment | Purchase | D | A | D | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115613 | XXXX | XXXX | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Required most recent XXXX (XXXX ) months bank statements for XXXX #XXXX . | Reviewer Comment (2025-05-23): Received XXXX months XXXX . Bank statement Exception Cleared Buyer Comment (2025-05-22): Asset statement |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | D | B | D | B | A | A | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115613 | XXXX | XXXX | Credit | Guideline | General | Guideline | DSCR does not meet guideline requirements. | As per operating agreement XXXX owns XXXX % of ownership, however all documents are missing in file for XXXX . As per guide, each member is subject to the same underwriting requirements as an individual borrower. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
XXXX vs XXXX | SitusAMC,Originator SitusAMC SitusAMC |
Reviewer Comment (2025-06-03): Investor accepts and agrees to waive to waive with compensating factors,. Buyer Comment (2025-06-03): Exception from XXXX . |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Purchase | D | B | D | B | A | A | A | A | XXXX | No | |||||
| XXXX | XXXX | XXXX | 4350115613 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | Occupancy Certification does not show primary residence address and has not been completed to show subject is an XXXX . | Reviewer Comment (2025-05-30): Received Occupancy certificate with Borrower initial at investment property. Exception Cleared Buyer Comment (2025-05-29): See attached occupancy cert. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | D | B | D | B | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115613 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Missing DSCR calculation worksheet. | Reviewer Comment (2025-06-02): Received DSCR Calculation worksheet. Exception Cleared Buyer Comment (2025-05-30): DSCR Worksheet |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | D | A | XXXX | XX | Investment | Purchase | D | B | D | B | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115611 | XXXX | XXXX | Credit | Business Purpose | General | Business Purpose | Missing Document: Spousal Consent not provided. | - | Spousal Consent form is missing and is required | Reviewer Comment (2025-06-04): Received Spousal Consent Form. Exception Cleared Buyer Comment (2025-06-03): See attached signed spousal consent form. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | D | A | D | A | A | A | A | A | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115611 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Missing XXXX calculation worksheet. | Reviewer Comment (2025-06-03): Received DSCR calculation worksheet. Exception Cleared Buyer Comment (2025-05-30): DSCR worksheet |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | D | A | XXXX | XX | Investment | Purchase | D | A | D | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115608 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: XXXX Report not provided | XXXX Report for the borrower is missing in file. | Reviewer Comment (2025-05-30): Received Fraud Report Exception Cleared Buyer Comment (2025-05-28): fraud report |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115608 | XXXX | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: XXXX not provided | XXXX report is missing in file. | Reviewer Comment (2025-06-02): Received Fraud Report with OFAC Status pass. Exception Cleared Buyer Comment (2025-05-30): see fraud report and credit report |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115608 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Verification of Mortgage is required for Mortgage with XXXX bank #XXXX for XXXX XXXX for the property "XXXX ". XXXX Residence XXXX - Free and Clear-no verification | Reviewer Comment (2025-06-23): Received Credit supplement confirmed XXXX # XXXXpayment till XXXX . Exception cleared Buyer Comment (2025-06-20): XXXX Reviewer Comment (2025-06-04): Loan reviewed with XXXX XXXXGuideline which require Verification Mortgage on credit report Prior to month closing. Additionally DLA shows XXXX for XXXX# XXXXwhich is more than XXXX days then closing date. Per Fraud Report Primary Property XXXXXXXX Free and Clear. Exception Remains Buyer Comment (2025-06-03): HOI showing property free & clear Buyer Comment (2025-06-03): LOE |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | D | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115608 | XXXX | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Title Preliminary not provided | Title Preliminary / Commitment report is missing in file. | Reviewer Comment (2025-05-30): Received Subject transaction title Commitment report. Exception Cleared |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115608 | XXXX | XXXX | Credit | Guideline | General | Guideline | XXXX does not meet guideline requirements. | As per guide, A letter of explanation is required to detail relevant real estate experience. | Reviewer Comment (2025-05-30): Received LOX detail relevant real estate experience. Exception Cleared Buyer Comment (2025-05-28): LOX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115608 | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | As per guide, For XXXX , a current lease must be supported with XXXX most recent bank statements showing consecutive rental payments. Lease agreement is provided, Property management statement is also available however recent XXXX months bank statement is required that reflects the net rental deposit after property management expenses deduction. | Reviewer Comment (2025-06-13): Received Borrower's Business Bank statement noted higher deposit and lender use lower amount for DSCR calculation. Exception Cleared. Used $XXXX as Actual lease instead of $XXXX. Exception Cleared Buyer Comment (2025-06-11): Here is the explanation directly from the lender. I'm not sure I've ever seen this explanation before. "It was lowered due to the pet fee being removed, I believe, as the pet got ran over. We Use the lower of the two to calculate the DSCR, management fees are backed out" Reviewer Comment (2025-06-04): Received Borrower Business Bank statement shows Deposit from Property management Agent (more than rental amount), however Per Cash summary Report (Doc ID XXXX) Tenant is paying $XXXX whereas Lease agreement noted $XXXX(XXXX page of lease). No explanation for lower lease collection. Exception Remains Buyer Comment (2025-06-03): Bank statements XXXX Buyer Comment (2025-06-03): bank statements Reviewer Comment (2025-05-30): Received lease agreement and property management Summary receipt confirmed receipt of Monthly rent of $XXXX where as Lease agreement noted $XXXX. Additionally require Borrower Bank statement which shows Rent income from subject property deposited. Exception Remains Buyer Comment (2025-05-28): lease agreement |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115608 | XXXX | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Missing initial or final title. | Reviewer Comment (2025-05-30): Received Title commitment report. exception Cleared Buyer Comment (2025-05-28): prelim |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115617 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Required XXXX Calculation Worksheet detailing the XXXX calculation not found at time of review. | Reviewer Comment (2025-05-29): Received DSCR calculation worksheet. Exception Cleared Buyer Comment (2025-05-27): XXXX CALC |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | D | A | XXXX | XX | Investment | Purchase | D | A | D | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115617 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Letter of explanation is required to detail relevant real estate experience. | Reviewer Comment (2025-05-29): Received letter of explanation with detail relevant real estate experience. Exception Cleared Buyer Comment (2025-05-27): LOX |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | D | A | XXXX | XX | Investment | Purchase | D | A | D | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115612 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing in file for XXXX | Reviewer Comment (2025-06-03): Received Articles of Organization/Formation forXXXX Exception Cleared Buyer Comment (2025-06-02): Articles of Org |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115612 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing in file forXXXX | Reviewer Comment (2025-06-03): Received Certificate of Good standing. Exception Cleared Buyer Comment (2025-06-02): COGS |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115612 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in file for XXXX | Reviewer Comment (2025-06-03): Received Operating agreement forXXXX. Exception Cleared Buyer Comment (2025-06-02): Operating agreement |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115612 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | XXXX Calculation Worksheet is missing in file. | Reviewer Comment (2025-06-04): Provided. Buyer Comment (2025-06-03): DSCR worksheet |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | D | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115612 | XXXX | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Missing CPA Letter of Cashflow analysis for XXXX bank statement #XXXX , to confirm that the withdrawal will not negatively impact the business. | Reviewer Comment (2025-06-17): CPA letter provided. Buyer Comment (2025-06-13): CPA Letter |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115612 | XXXX | XXXX | Credit | Loan Package Documentation | Government Documentation | Loan Package Documentation | Real Estate Certification is missing. | Letter of explanation is required to detail relevant real estate experience. | Reviewer Comment (2025-06-04): Provided Buyer Comment (2025-06-03): LOE |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115612 | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Cancelled Check(s) not provided | Lender Exception in file to utilize private VOM and payoff in lieu of cancelled checks and extension of the Note (Original Note had a due date of XXXX ). | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXXX months. | XXXX vs XXXX | SitusAMC,Aggregator | Reviewer Comment (2025-06-04): Investor accept and agrees to waive with compensating factors. Buyer Comment (2025-06-04): investor exception approval and e-mail with approval for DSCR change |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | XXXX | No | |||||
| XXXX | XXXX | XXXX | 4350115622 | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | As per guide, require XXXX -month housing history for XXXX Residence XXXX . XXXX to further review once application provided confirming XXXX residence. | Reviewer Comment (2025-06-19): Received Rent Free LOX from borrower confirmed living rent free. Exception Cleared Buyer Comment (2025-06-18): uploaded LOE confirming borrower lives rent free and updated application signed, changing app from 'own' to rent. Reviewer Comment (2025-06-17): Noted Email confirmation from borrower statingXXXX is his father and sole owner of "XXXX" but not mentioned if he is living rent free required updated LOE / Email confirmation stating borrower is living rent free on this current residence. exception remains. Reviewer Comment (2025-06-17): The LOX provided does not say the borrower is living rent free. Provide a rent-free letter from the homeowner or landlord, stating that the borrower resides at the property without paying rent. Buyer Comment (2025-06-12): Lender's response: rent free lox was included in the vom pdf uploaded prior Reviewer Comment (2025-06-10): Received LOX from Guarantor confirm property XXXX owned by his father, however it does not confirm living rent free as per Credit application it is Showing property owned by Guarantor XXXX . Exception Remains Buyer Comment (2025-06-09): LOX Buyer Comment (2025-06-09): Lender's response: we are using the guideline of 'borrowers who have lived in a rent-free situation are eligible if borrower is an experienced RE investor with a min. XXXX months of ownership & management of income producing residential or commercial RE within the past XXXX months. Borrower does live rent free but has owned and manage real estate since XXXX , attached property transaction report and LOE that he lives rent free. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115622 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Third-party XXXX report is required for the entity XXXX limited liability company as per guide. | Reviewer Comment (2025-06-10): Received Fraud report for XXXX. Exception Cleared Buyer Comment (2025-06-09): Fraud Report |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | XXXX | No | ||||||||
| XXXX | XXXX | XXXX | 4350115621 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-06-05): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115620 | XXXX | XXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | - | Appraisal was made "subject to" however Final Inspection / 442 is missing, it is required as the appraisal made subject to installation of smoke alarms/CO detectors, Additionally we observed unfinished laundry, unfinished utility, unfinished basement in appraisal images. | Reviewer Comment (2025-06-18): Cleared. The unfinished areas are sufficient and standard. Reviewer Comment (2025-06-18): Received clarification about unfinished areas reflecting on images. However we need to make sure that all utilities and areas in the property to be completed and finished. Neither there are any comments that reflects that value was considered based on unfinished utilities, laundry and basement. Exception remains. Buyer Comment (2025-06-16): Please take a look at the appraisal and advise why this is a requirement. The appraiser only required installation of the smoke and co detectors. The photos provided were to show they were missing from these areas. It looks like based on the appraisers comments these areas are unfinished below grade areas and it looks like the appraiser made the correct adjustments for the unfinished area. Once again the appraiser did not require evidence of completion of these areas. Reviewer Comment (2025-06-11): Received XXXX/Final inspection however unfinished laundry, unfinished utility, unfinished basement Completion evidence is missing only provided photos of installation of smoke Alarms/CO Detectors. Exception Remains Buyer Comment (2025-06-09): appraisal update |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | A | A | A | A | A | C | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115606 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-13): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | C | B | C | B | A | A | A | A | XXXX | XXXX | Yes | ||||||
| XXXX | XXXX | XXXX | 4350115606 | XXXX | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of XXXX exceeds Guideline loan to value percentage of XXXX. | Lender Qualifying LTV is XXXX % as per 1008 however, actual LTV as XXXX %. Guides do not defer to XXXX for rounding. | Reviewer Comment (2025-06-09): Principal reduction provided post closing, LTV/CLTV in line prior to delivery at XXXX% Buyer Comment (2025-06-05): Per Lender: Loan history showing principal reduction and updated loan amount with LTV below XXXX. Buyer Comment (2025-06-05): Loan History Reviewer Comment (2025-05-28): Revised CD reflects principal reduction of $XXXX; however, a check in file was made to the borrower not to the loan balance. Provide evidence loan balance was lowered with the reduction. Buyer Comment (2025-05-23): 1003 Buyer Comment (2025-05-23): CD Buyer Comment (2025-05-23): 1008 |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115606 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of XXXX exceeds Guideline combined loan to value percentage of XXXX. | Lender Qualifying CLTV is XXXX % as per 1008 however, actual CLTV as XXXX %. Guides do not defer to XXXX for rounding. | Reviewer Comment (2025-06-09): Principal reduction provided post closing, LTV/CLTV in line prior to delivery at XXXX% Buyer Comment (2025-06-05): Per Lender: Loan history showing principal reduction and updated loan amount with LTV below XXXX. Buyer Comment (2025-06-05): See LTV exception for condition upload Reviewer Comment (2025-05-28): Revised CD reflects principal reduction of $XXXX ; however, a check in file was made to the borrower not to the loan balance. Provide evidence loan balance was lowered with the reduction. Buyer Comment (2025-05-23): cd Buyer Comment (2025-05-23): 1003 Buyer Comment (2025-05-23): 1008 |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115606 | XXXX | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX. | Lender Exception in file for XXXX months reserves. | The qualifying DTI on the loan is at least XXXX% less than the guideline maximum. Borrower has verified disposable income of at least $XXXX. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. |
XXXXvs XXXX | SitusAMC,Aggregator SitusAMC SitusAMC |
Reviewer Comment (2025-06-13): Exception provided. Buyer Comment (2025-06-12): investor exception approval Reviewer Comment (2025-06-12): Please provide the exception. Reviewer Comment (2025-05-14): Lender approved to waive with compensating factors. |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||
| XXXX | XXXX | XXXX | 4350115606 | XXXX | XXXX | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | For Subject property City Name is reflecting as XXXX in Title document, 1004, CDA, and Flood Certificate. Please provide updated documents with City Name updated as XXXX as per Note, Security document, and Closing Disclosure. | Reviewer Comment (2025-06-06): Received Updated Note, Security instrument Noted Re-Recorded, and PUD rider with change in City name to XXXX, Exception Cleared Buyer Comment (2025-06-05): Note, Deed, Riders |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115606 | XXXX | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | New exception as result of documentation provide. Updated Note, Security instrument Noted Re-Recorded, and PUD rider with change in City name to XXXX , however HOI noted City name XXXX . updated HOI require. | Reviewer Comment (2025-06-11): Received HOI with updated address and City name matching with Note. exception cleared. Buyer Comment (2025-06-10): HOI |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||||||||||
| XXXX | XXXX | XXXX | 4350115605 | XXXX | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Business funds can be used for down payment and cash reserves if the borrower(s) own XXXX % of the business and requires a letter from the accountant of the business or an underwriter cash flow analysis of the business balance sheet to confirm that the withdrawal will not negatively impact the business Acc #XXXX . | Reviewer Comment (2025-06-06): Received CPA letter confirm using business funds will not have negative impact on business. Exception Cleared Buyer Comment (2025-06-04): CPA Letter Reviewer Comment (2025-05-23): Provided CPA letter Does not confirm using business funds will not have Negative impact. Exception Remains Buyer Comment (2025-05-21): CPA letter |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115605 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID XXXX Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for XXXX Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX . Insufficient or no cure was provided to the borrower. | Missing a valid Change of Circumstance for adding the Second Appraisal Fee. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-06-30): XXXX received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-06-27): Please re-check XXXXTracking #XXXX- package now en route to borrower Reviewer Comment (2025-06-23): XXXX received Corrected CD, LOE to borrower, copy of cure refund and proof of mailing. However, the XXXX tracking does not reflect the package has been picked up yet. Upon proof of carrier pickup can finalize cure. Buyer Comment (2025-06-23): PCCD, LOE, refund check and shipping label Reviewer Comment (2025-06-09): XXXX received COC dated XXXX/XXXXhowever the fee added on CD datedXXXX for $XXXX. Kindly provide a valid COC for the fee added on CD dated XXXX or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-06-06): COC Reviewer Comment (2025-05-22): XXXX received Changed Circumstance datedXXXX, but it does not give sufficient information on why the Second Appraisal fee was added. In order to determine if the changed circumstance is valid more information is necessary on reason fee added and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-05-21): COC |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115609 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Require evidence of monthly payment of $XXXX for XXXX lien, provided XXXX agreement & statements do not verify monthly payment amount. | Reviewer Comment (2025-05-22): Received HELOC agreement and lender calculation for HELOC payment. Exception Cleared Buyer Comment (2025-05-21): Per Lender Please find attached LOX and agreement. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115609 | XXXX | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Hazard Insurance Policy Effective Date XXXX; and Note Date: XXXX. Require Hazard Insurance Policy effective at the time of closing/disbursement. | Reviewer Comment (2025-05-22): Received updated PCCD with change in Disbursement date of XXXX. exception Cleared Buyer Comment (2025-05-21): Per Lender- This loan didn't fund until XXXX and it is a XXXX loan. The hazard should be correct as is effective the day of funding. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115609 | XXXX | XXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower has been on current job less than XXXX years, and prior employment history was not documented as required. | - | Borrower has been on current job less than XXXX years (A XXXX-year history of receipt is required), and prior employment history was not documented as required. We only have W2 on file for previous employment history this does not provide start and end date of employment. | Borrower has been employed in the same industry for more than XXXX years. Borrower has verified disposable income of at least $XXXX. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of XXXX months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least XXXX% and $XXXX. The representative FICO score exceeds the guideline minimum by at least XXXX points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-06-04): Investor exception. Reviewer Comment (2025-05-28): Investor exception provided. Buyer Comment (2025-05-28): updated email investor approval and exception approval form Buyer Comment (2025-05-27): investor exception approval |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | C | B | C | B | A | A | A | A | XXXX | XXXX | No | ||||
| XXXX | XXXX | XXXX | 4350115616 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Citizenship Source Documentation was not provided | - | The Permanent resident card was missing from the file confirming borrower's citizenship status. | Reviewer Comment (2025-05-23): Received Valid PRA Card for Borrower. Exception Cleared Buyer Comment (2025-05-21): green card |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115616 | XXXX | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Verification of XXXX Citizen Status not provided | Duplicate exception, please override. | Reviewer Comment (2025-05-23): Received Valid PRA Card for Borrower. Exception Cleared Buyer Comment (2025-05-21): attached |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | B | C | A | C | B | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115616 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID | TRID XXXX Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $XXXX exceeds tolerance of $XXXX . Sufficient or excess cure was provided to the borrower at Closing. | Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-12): Sufficient Cure Provided At Closing |
XXXX | XXXX | XXXX | 1 | A | A | A | A | A | A | A | A | A | A | XXXX | XX | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115616 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Incomplete | TILA-RESPA Integrated Disclosure: Incomplete Closing Disclosure was signed by borrower and cannot be excluded from testing. Corresponding exceptions for inaccurate disclosures and under/over disclosures resulting from use of incomplete Closing Disclosure are valid and will need to be cured (if curable). | Final Closing Disclosure page XXXX is missing, used Initial CD page XXXX information for testing. Require complete Final CD copies. | Reviewer Comment (2025-05-16): XXXX received complete final CD. Buyer Comment (2025-05-15): Final Closing Disclosure, all pages. Pages were not scanned correctly. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Corrected CD, and Proof of Delivery (Proof of receipt and reopened rescission also required if transaction is rescindable and material disclosures are inaccurate) | C | B | C | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115616 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XXXX disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $XXXX is over disclosed by $XXXX compared to the calculated Amount Financed of $XXXX and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated XXXX ). | Finance Charge disclosed is $XXXX . Calculated finance charge is $XXXX . Variance of $XXXX . TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for under disclosed amount, Corrected CD, and Re-open Rescission if Applicable | Reviewer Comment (2025-06-06): XXXX received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2025-06-05): Please re-review - XXXXhas package, delivery ETA XXXX Reviewer Comment (2025-06-04): Package has not yet been picked up. Cure not possible until package has actually been picked up by courier. Buyer Comment (2025-06-03): LOE, PCCD, refund check and shipping label Reviewer Comment (2025-05-16): Finance charge remains under disclosed in the amount of $XXXX . Cure requires PCCD, LOE, Copy of Refund Check, and proof of mailing. Buyer Comment (2025-05-15): Please see uploaded final CD, rescanned with all pages |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115616 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XXXX disclosed an inaccurate Finance Charge on page XXXX that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $XXXX is under disclosed by $XXXX compared to the calculated Finance Charge of $XXXX which exceeds the $XXXX threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated XXXX). | Finance Charge disclosed is $XXXX . Calculated finance charge is $XXXX . Variance of $-XXXX . TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for under disclosed amount, Corrected CD, and Re-open Rescission if Applicable | Reviewer Comment (2025-06-06): XXXX received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2025-06-05): Please re-review - XXXX has package, delivery ETA XXXX Reviewer Comment (2025-06-04): Package has not yet been picked up. Cure not possible until package has actually been picked up by courier. Buyer Comment (2025-06-03): Please see uploaded cure documentation Reviewer Comment (2025-05-16): Finance charge remains under disclosed in the amount of $XXXX. Cure requires PCCD, LOE, Copy of Refund Check, and proof of mailing. Reviewer Comment (2025-05-16): Finance charge remains under disclosed in the amount of $XXXX . Cure requires PCCD, LOE, Copy of Refund Check, and proof of mailing. Buyer Comment (2025-05-15): Please see uploaded final CD, rescanned with all pages |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115616 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow - Initial Escrow Payment Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX disclosed the Initial Escrow Payment that does not match the escrow payment disclosed on page XXXX . | Final Closing Disclosure page XXXX is missing, used Initial CD page XXXX information for testing. Require complete Final CD copies. | Reviewer Comment (2025-05-16): XXXX received complete closing CD. Buyer Comment (2025-05-15): Please see uploaded final CD, rescanned with all pages |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115610 | XXXX | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud report is missing for XXXX. | Reviewer Comment (2025-05-20): Received Fraud Report. Exception Cleared Buyer Comment (2025-05-19): XXXX fraud report |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | A | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115610 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing: A business narrative is required from the borrower to describe the type of business and number of employees. | Reviewer Comment (2025-05-20): Received business narrative from the borrower with the type of business and number of employees. Exception Cleared Buyer Comment (2025-05-19): Business narrative |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Purchase | C | A | C | A | A | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115618 | XXXX | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Required CPA Letter/Cashflow Analysis to confirm that the withdrawal will not negatively impact the business. | Reviewer Comment (2025-06-06): Cash flow analysis and CPA letter provided. Cleared. Reviewer Comment (2025-06-05): UW worksheet uploaded on XXXX reflects the total deposit and Withdrawals. As per guide A signed letter from the CPA/Tax Preparer or an underwriter cash flow analysis is required to confirm that the withdrawal will not negatively impact the business. Exception remains. Buyer Comment (2025-06-04): Per lender : CPA Letter in file verifying XXXX% Ownership and UW Cash-flow analysis liquidity test uploaded on XXXX in file. Reviewer Comment (2025-05-28): Provided CPA letter does not confirm using business fund for subject transaction will not have negative impact on business. Exception Remains Buyer Comment (2025-05-23): CPA & LOE |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Investment | Purchase | C | A | C | A | B | A | A | A | XXXX | XXXX | No | |||||||
| XXXX | XXXX | XXXX | 4350115618 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXX ): Creditor did not provide a copy of each valuation to applicant XXXX XXXX business days prior to consummation. | Acknowledgement of receipt of appraisal is missing in file. | Reviewer Comment (2025-05-27): Appraisal Delivery Received. Exception Cleared Buyer Comment (2025-05-23): Acknowledgment of Receipt tracking |
XXXX | XXXX | XXXX | 1 | B | A | B | A | B | A | B | A | B | A | XXXX | XX | Investment | Purchase | C | A | C | A | B | A | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115615 | XXXX | XXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - XXXX | Require CPA letter as the borrower's business ownership percentage must be at least XXXX %. The ownership percentage must be verified via a CPA/Tax Preparer, Operating Agreement or equivalent. | Reviewer Comment (2025-06-03): The fixed expense ratio of XXXX% was used. Cleared. Buyer Comment (2025-05-30): CPA |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115615 | XXXX | XXXX | Compliance | Compliance | State Compliance | State HPML | XXXX HPML Threshold Test Compliant | XXXX Higher-Priced Mortgage Loan: APR on subject loan of XXXX % or Final Disclosure APR of XXXX % is equal to or greater than the threshold of APOR XXXX % + XXXX %, or XXXX % Compliant Higher Priced Loan. | APR on subject loan of XXXX % or Final Disclosure APR of XXXX % is equal to or greater than the threshold of APOR XXXX % + XXXX %, or XXXX % Compliant Higher Priced Loan. | Buyer Comment (2025-06-20): Lender acknowledged non material EV2 Reviewer Comment (2025-06-20): TOP issue being addressed in other exception. This exception is an EV2 informational Sating loan is Compliant Higher Priced and may be waived. Buyer Comment (2025-06-18): Cure docs uploaded to TOP exception. Loan is non Non QM and compliant, please clear |
XXXX | XXXX | XXXX | 2 | B | B | B | B | B | B | B | B | B | B | XXXX | XX | Primary | Refinance - Cash-out - Other | No obvious cure | C | B | C | A | C | B | A | A | XXXX | XXXX | No | |||||
| XXXX | XXXX | XXXX | 4350115615 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XXXX disclosed an inaccurate Total of Payments on page XXXX that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated XXXX ). The disclosed Total of Payments in the amount of $XXXX is under disclosed by $XXXX compared to the calculated total of payments of $XXXX which exceeds the $XXXX threshold. | Disclosure reflects TOP of $XXXX but calculated TOP of $XXXX . Variance = -$XXXX | Reviewer Comment (2025-06-20): XXXX received PCCD, LOE, Copy of Refund Check, Re-opening of Rescission and Proof of Receipt. Reviewer Comment (2025-06-19): XXXX received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure, proof of mailing and copies of unexecuted RTC's. In order to finalize cure, must provide proof of actual delivery of the cure package containing the RTC's to begin the rescission process and should be delivered XXXX business days prior to the XXXX cancel by date. Provide delivery proof to finalize. Buyer Comment (2025-06-18): LOE, PCCD, refund check, shipping label, NRTC |
XXXX | XXXX | XXXX | 2 | C | B | C | B | C | B | C | B | C | B | XXXX | XX | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | XXXX | XXXX | Yes | |||||
| XXXX | XXXX | XXXX | 4350115615 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2XXXX 014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-06-03): Cleared. XXXX% expense ratio was used. |
XXXX | XXXX | XXXX | 1 | C | A | C | A | C | A | C | A | C | A | XXXX | XX | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | XXXX | XXXX | No | ||||||
| XXXX | XXXX | XXXX | 4350115615 | XXXX | XXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXX ): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-06-03): Cleared. XXXX% expense ratio was used. |
XXXX | XXXX | XXXX | 1 | B | A | C | A | B | A | C | A | B | A | XXXX | XX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | XXXX | XXXX | Yes |