COLT SECURITIZATION DEPOSITOR, LLC ABS-15G
Exhibit 99.7
| Loan ID | Deal ID | Seller Loan ID | Investor Loan ID | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Current/Final Loan Grade | Compliance Initial Loan Grade | Compliance Current/Final Loan Grade | Property Initial Loan Grade | Property Current/Final Loan Grade | Queue | Finding Code | Date Created | Date Modified | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Finding Comments | Seller Comments | Resolution Comments | Reviewer Comp Factor | Originator Comp Factors | Finding Documents | Originator QM Status | Final Reviewed QM Status | Loan Amount | Property State | Occupancy | Loan Purpose | Refinance Purpose | Acknowledged / WaivedBy | Waiver in File? | Unique Finding ID |
| XXXX | 4350115626 | XXXX | XXXX | C | A | C | A | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-A VOM to verify the subject is acceptable per DSCR guides. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. this is not required by the DSCR housing history of the guidelines ( see attached) - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements Missing copy of note and payoff for subject property, required by guidelines for mortgages not reporting on credit report. Notes with a balloon feature with an expired maturity date exceeding 30 days require an extension to avoid being counted as delinquent. Payoff statement that reflects late fees, deferred balance, or delinquent interest are subject to housing history and/or credit event criteria. Additional findings may apply. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. this is not required by the DSCR housing history of the guidelines ( see attached) - Seller-XXXX |
Resolved-A VOM to verify the subject is acceptable per DSCR guides. - Due Diligence Vendor-XXXX |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying Score 720; minimum score 700. LTV is less than guideline maximum - qualifying LTV 62.66; max 80%. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | 4350115627 | XXXX | XXXX | C | B | C | B | A | A | C | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Property | Property | Property Issues are Present | Resolved-Received confirmation of cosmetic. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. re-uploaded appraisal - Seller-XXXX Counter- Reviewer is unable to open upload dated XXXX-please re upload in correct PDF format - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. appraiser commented on requested items (addendum page) - Seller-XXXX Open-pg 405 unit 2 office some debris on windows and basement has some cracks in back of wall corner, and the pipe capped stove pg 406. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. re-uploaded appraisal - Seller-XXXX Ready for Review-Document Uploaded. appraiser commented on requested items (addendum page) - Seller-XXXX |
Resolved-Received confirmation of cosmetic. - Due Diligence Vendor-XXXX |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 750 ; minimum score 680. Qualifying DTI below maximum allowed - Qualifying DTI 34.56% max 50%. Long term residence - Long term current residence renting for 4 yrs and 6 months. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 4350115627 | XXXX | XXXX | C | B | C | B | A | A | C | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Closing | Issues exist on the Note Document | Waived-Originator exception granted vesting in LLC for primary residence, waiver applied with compactors - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. enclosed please find the Investor exception approval (XXXX) - Seller-XXXX Open-There are Issues Present on the Note that must be addressed. Signed note as LLC - Exception in the file for vesting in an LLC, only. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. enclosed please find the Investor exception approval (XXXX) - Seller-XXXX |
Waived-Originator exception granted vesting in LLC for primary residence, waiver applied with compactors - Due Diligence Vendor-XXXX |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 750 ; minimum score 680. Qualifying DTI below maximum allowed - Qualifying DTI 34.56% max 50%. Long term residence - Long term current residence renting for 4 yrs and 6 months. |
Employment: 3+ years with current employer Residual Income: >XXXX per month verified FICO: >740 and at least 20 points higher than guideline minimum. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | XXXX |
| XXXX | 4350115627 | XXXX | XXXX | C | B | C | B | A | A | C | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Waived-Originator exception granted Vesting in LLC on Primary residence, waiver applied with compactors - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. enclosed please find the Investor exception approval (XXXX) - Seller-XXXX Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Signed note as LLC - Exception in the file for vesting in an LLC, only. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. enclosed please find the Investor exception approval (XXXX) - Seller-XXXX |
Waived-Originator exception granted Vesting in LLC on Primary residence, waiver applied with compactors - Due Diligence Vendor-XXXX |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 750 ; minimum score 680. Qualifying DTI below maximum allowed - Qualifying DTI 34.56% max 50%. Long term residence - Long term current residence renting for 4 yrs and 6 months. |
Employment: 3+ years with current employer Residual Income: >XXXX per month Fico: 750>740 and at least 20 points higher than guideline minimum. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | XXXX |
| XXXX | 4350115627 | XXXX | XXXX | C | B | C | B | A | A | C | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Title | Vested Owner Signature Requirement Not met | Waived-Originator exception granted to allow vesting to be held in an LLC, Non-material waiver applied with comp factors. non-material due to borrower owns 100% of the business. - Due Diligence Vendor-XXXX Open-Vested Owner Signature Requirement Not met. Lend exception in file to allow the investor to allows TITLE in LLC for Primary residence. - Due Diligence Vendor-XXXX |
Waived-Originator exception granted to allow vesting to be held in an LLC, Non-material waiver applied with comp factors. non-material due to borrower owns 100% of the business. - Due Diligence Vendor-XXXX |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 750 ; minimum score 680. Qualifying DTI below maximum allowed - Qualifying DTI 34.56% max 50%. Long term residence - Long term current residence renting for 4 yrs and 6 months. |
Fico 20 points or more above requirement. Residual income $XXXX or more. Long term employment. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | XXXX | ||
| XXXX | 4350115628 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Insurance | XXXX Coverage not met | Resolved-Received documentation to support sufficient XXXX Coverage. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. The XXXX coverage is outlined on the GL certificate under the description of operations - Seller-XXXX Counter-Guidelines states that XXXX Insurance is required for condos of XXXX units or more, subject has XXXX units resulting in XXXX insurance being required. No documentation received. - Due Diligence Vendor-XXXX Ready for Review-XXXX Coverage, protects the HOA in case a worker embezzles with the funds of the association, but the developer turnover hasn’t occurred yet hence no HOA yet (and we had an exception for that) - Seller-XXXX Open-XXXX Coverage not met. Exception Approval does not include Sufficient XXXX Coverage equaling at least the sum of three months of assessments on all units in the project is required - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. The XXXX coverage is outlined on the GL certificate under the description of operations - Seller-XXXX Ready for Review-XXXX Coverage, protects the HOA in case a worker embezzles with the funds of the association, but the developer turnover hasn’t occurred yet hence no HOA yet (and we had an exception for that) - Seller-XXXX |
Resolved-Received documentation to support sufficient XXXX Coverage. - Due Diligence Vendor-XXXX |
On time mortgage history exceeds guideline requirement - Months Reserves exceed minimum required - Reserves = 54 months – Required Reserves = 3 Months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 4350115628 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Resolved-Per the apppraisal, monthly rent is based on long term rent(annual). Short term rent was not used to calculated the DSCR. - Due Diligence Vendor-XXXX Ready for Review-our appraisal shows we used long term rent - Seller-XXXX Open-Income and Employment Do Not Meet Guidelines File is missing 12 Months Statements showing Short-Term Rental Received - 1007 rents may be allowed when property is located in an established short-term/vacation market, on a case-by-case basis. Can be considered case-by-case using, the most recent 12-month bank statements from the borrower evidencing short term rental deposits - Due Diligence Vendor-XXXX |
Ready for Review-our appraisal shows we used long term rent - Seller-XXXX |
Resolved-Per the apppraisal, monthly rent is based on long term rent(annual). Short term rent was not used to calculated the DSCR. - Due Diligence Vendor-XXXX |
On time mortgage history exceeds guideline requirement - Months Reserves exceed minimum required - Reserves = 54 months – Required Reserves = 3 Months |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | ||
| XXXX | 4350115628 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo project is ineligible | Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow with comp factors - Due Diligence Vendor-XXXX Open-Exception Approval in file – 1. Ineligible Project – Non-Warrantable Condotel - Due Diligence Vendor-XXXX |
Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow with comp factors - Due Diligence Vendor-XXXX |
On time mortgage history exceeds guideline requirement - Months Reserves exceed minimum required - Reserves = 54 months – Required Reserves = 3 Months |
Shows XXXX in personal reserves aside from cash out 58.8 LTV |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX | ||
| XXXX | 4350115629 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Insurance | XXXX Coverage not met | Resolved-Received Documentation to support sufficient XXXX Coverage. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. The XXXX coverage is outlined on the GL certificate under the description of operations - Seller-XXXX Counter-Exception received does not reflect XXXX Coverage-please provide amended or new exception. - Due Diligence Vendor-XXXX Ready for Review-XXXX Coverage, protects the HOA in case a worker embezzles with the funds of the association, but the developer turnover hasn’t occurred yet hence no HOA yet (and we had an exception for that) - Seller-XXXX Open-XXXX Coverage not met. Exception Approval does not include Sufficient XXXX Coverage equaling at least the sum of three months of assessments on all units in the project is required - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. The XXXX coverage is outlined on the GL certificate under the description of operations - Seller-XXXX Ready for Review-XXXX Coverage, protects the HOA in case a worker embezzles with the funds of the association, but the developer turnover hasn’t occurred yet hence no HOA yet (and we had an exception for that) - Seller-XXXX |
Resolved-Received Documentation to support sufficient XXXX Coverage. - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - Reserves = 50 months – Required Reserves = 3 Months LTV is less than guideline maximum - LTV = 49.891% - Max LTV = 60% |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 4350115629 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Resolved-Per 1007 rents are based on long term not STR - Due Diligence Vendor-XXXX Ready for Review-per appraisal we used long term rent - Seller-XXXX Open-Income and Employment Do Not Meet Guidelines File is missing 12 Months Statements showing Short-Term Rental Received - 1007 rents may be allowed when property is located in an established short-term/vacation market, on a case-by-case basis. Can be considered case-by-case using, the most recent 12-month bank statements from the borrower evidencing short term rental deposits - Due Diligence Vendor-XXXX |
Ready for Review-per appraisal we used long term rent - Seller-XXXX |
Resolved-Per 1007 rents are based on long term not STR - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - Reserves = 50 months – Required Reserves = 3 Months LTV is less than guideline maximum - LTV = 49.891% - Max LTV = 60% |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | ||
| XXXX | 4350115629 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo project is ineligible | Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow with comp factors - Due Diligence Vendor-XXXX Open-Exception Approval in file – 1. Ineligible Project – Non-Warrantable Condotel - Due Diligence Vendor-XXXX |
Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow with comp factors - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - Reserves = 50 months – Required Reserves = 3 Months LTV is less than guideline maximum - LTV = 49.891% - Max LTV = 60% |
1. Loan to Value 10% or more under requirement 2. Reserves 12+ months more than requirement 3. Shows $XXXX in Personal Reserves aside from Cash Out |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX | ||
| XXXX | 4350115630 | XXXX | XXXX | D | B | D | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Insurance | Flood Insurance Expiration Date is before the Note Date | Resolved-Updated policy received - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. enclosed policy includes flood coverage - Seller-XXXX Open-Flood Insurance Expiration Date of XXXX is prior to the Note Date of XXXX Flood insurance expired. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. enclosed policy includes flood coverage - Seller-XXXX |
Resolved-Updated policy received - Due Diligence Vendor-XXXX |
LTV is less than guideline maximum - LTV 58.59; max LTV 75%. Months Reserves exceed minimum required - 50.8 months PITIA reserves; 9 months reserves required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 4350115630 | XXXX | XXXX | D | B | D | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Insurance | Rent Loss Coverage is Insufficient or Missing | Waived-Originator exception granted to allow less than the required rent-loss coverage. Non-material waiver applied with comp factors. non-material due to borrower has 12+ months of reserves. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. HO6 - Seller-XXXX Open-Rent Loss Coverage is Insufficient or Missing. per notes and guides requires rent loss insurance was not provided H06 to validate rent loss. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. HO6 - Seller-XXXX |
Waived-Originator exception granted to allow less than the required rent-loss coverage. Non-material waiver applied with comp factors. non-material due to borrower has 12+ months of reserves. - Due Diligence Vendor-XXXX |
LTV is less than guideline maximum - LTV 58.59; max LTV 75%. Months Reserves exceed minimum required - 50.8 months PITIA reserves; 9 months reserves required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX | |
| XXXX | 4350115630 | XXXX | XXXX | D | B | D | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Insurance | Flood Insurance Minimum Coverage Not Met | Waived-Originator exception granted to allow less than the required flood insurance coverage. Non-material waiver applied with comp factors. non-material due to the property being in XXXX and against the law to provide more than the replacement cost. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. enclosed please find the exception to this matter from the investor (XXXX XXXX) - Seller-XXXX Open-Flood Insurance Coverage Amount does not meet minimum required coverage amount Lender exception for Non Warrantable condo- XXXX new project requires Pers which they dont have. XXXX budges not available , they have XXXX. Flood XXXX short. With this being XXXX insurer is saying against the law there to provide replacement cost. HOA did confirm they believe its sufficient coverage considering in the event of flooding it would typically only impact the first few floors and not all XXXX floors. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. enclosed please find the exception to this matter from the investor (XXXX XXXX) - Seller-XXXX |
Waived-Originator exception granted to allow less than the required flood insurance coverage. Non-material waiver applied with comp factors. non-material due to the property being in XXXX and against the law to provide more than the replacement cost. - Due Diligence Vendor-XXXX |
LTV is less than guideline maximum - LTV 58.59; max LTV 75%. Months Reserves exceed minimum required - 50.8 months PITIA reserves; 9 months reserves required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX | |
| XXXX | 4350115630 | XXXX | XXXX | D | B | D | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | HO-6 Insurance Policy is Missing | Resolved-HO-6 Insurance Policy was provided. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. HO6 - Seller-XXXX Open-HO-6 Insurance Policy is Missing Missing hO6 policy. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. HO6 - Seller-XXXX |
Resolved-HO-6 Insurance Policy was provided. - Due Diligence Vendor-XXXX |
LTV is less than guideline maximum - LTV 58.59; max LTV 75%. Months Reserves exceed minimum required - 50.8 months PITIA reserves; 9 months reserves required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 4350115630 | XXXX | XXXX | D | B | D | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo does not meet requirements | Waived-Originator exception granted to allow non-warrantable condo that does not meet guides. Non-material waiver applied with comp factors. non-material due to borrower has 12+ months of reserves. - Due Diligence Vendor-XXXX Open-The file does not contain the required structural engineer report perXXXXlaw. Lender exception for Non Warrantable condo- XXXX new project requires Pers which they dont have. XXXX budges not available , they have XXXX. Flood coverage is short- XXXX requires $XXXX per unite or 80% of replacement cost, coverage is $XXXX per unit would need $XXXX short. With this beingXXXXinsurer is saying against the law there to provide replacement cost. HOA did confirm they believe its sufficient coverage considering in the event of flooding it would typically only impact the first few floors and not all XXXX floors. - Due Diligence Vendor-XXXX |
Waived-Originator exception granted to allow non-warrantable condo that does not meet guides. Non-material waiver applied with comp factors. non-material due to borrower has 12+ months of reserves. - Due Diligence Vendor-XXXX |
LTV is less than guideline maximum - LTV 58.59; max LTV 75%. Months Reserves exceed minimum required - 50.8 months PITIA reserves; 9 months reserves required. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX | |||
| XXXX | 4350115631 | XXXX | XXXX | D | B | D | B | A | A | D | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Income documentation does not meet guidelines | Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-XXXX Open-Exception to use non-subject rent for XXXX based on appraisal market rent rather than lease/rent receipt - Due Diligence Vendor-XXXX |
Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 8.82mos reserves. Per guides, 3 reserves required. On time mortgage history exceeds guideline requirement - Borrs 170mos 0x30 mortgage pay history. Per guides, minimum 12mos 0x30 mortgage/rental pay history. Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 767. Per guides, minimum score required 720 |
FICO 20 points or more above requirement Total debt 10% or more under requirement Reserves 12+ months more than requirement Residual Income $XXXX or more Long Term Employment (>5 years) Long Term Homeownership (>5 years) Minimal Consumer Debt |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | XXXX | ||
| XXXX | 4350115631 | XXXX | XXXX | D | B | D | B | A | A | D | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received, Borrower 1 Gap Credit Report. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. GAP report uploaded again - Seller-XXXX Counter-Receiving an error when trying to open the PDF. Please re-upload. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. GAP - Seller-XXXX Open-Borrower 1 Gap Credit Report is Missing Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. GAP report uploaded again - Seller-XXXX Ready for Review-Document Uploaded. GAP - Seller-XXXX |
Resolved-Received, Borrower 1 Gap Credit Report. - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 8.82mos reserves. Per guides, 3 reserves required. On time mortgage history exceeds guideline requirement - Borrs 170mos 0x30 mortgage pay history. Per guides, minimum 12mos 0x30 mortgage/rental pay history. Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 767. Per guides, minimum score required 720 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 4350115631 | XXXX | XXXX | D | B | D | B | A | A | D | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | D | A | Property | Missing Doc | Appraisal is Missing | Resolved-Appraisal is Present or is Waived - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. CDA - Seller-XXXX Open-Appraisal is Missing Missing second appraisal by XXXX (Per XXXX and XXXX SSR reports) - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. CDA - Seller-XXXX |
Resolved-Appraisal is Present or is Waived - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 8.82mos reserves. Per guides, 3 reserves required. On time mortgage history exceeds guideline requirement - Borrs 170mos 0x30 mortgage pay history. Per guides, minimum 12mos 0x30 mortgage/rental pay history. Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 767. Per guides, minimum score required 720 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 4350115631 | XXXX | XXXX | D | B | D | B | A | A | D | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Lender provided a desk review which supports the value - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. re-uploaded XXXXS - Seller-XXXX Counter-Receiving an error when trying to open the PDF. Please re-upload. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. XXXXs - Seller-XXXX Open-Missing CU supporting the appraised value of $XXXX. CU in file on page 424 has a value of $XXXX; Missing LCA supporting the appraised value of $XXXX, LCA in file on page 427 has a value of $XXXX Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. re-uploaded XXXXS - Seller-XXXX Ready for Review-Document Uploaded. XXXXs - Seller-XXXX |
Resolved-Lender provided a desk review which supports the value - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 8.82mos reserves. Per guides, 3 reserves required. On time mortgage history exceeds guideline requirement - Borrs 170mos 0x30 mortgage pay history. Per guides, minimum 12mos 0x30 mortgage/rental pay history. Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 767. Per guides, minimum score required 720 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 4350115631 | XXXX | XXXX | D | B | D | B | A | A | D | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-LOX for credit inquiries was provided. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Inquiry LOE - Seller-XXXX Open-LOX for credit inquiries is missing. Missing Borr signed LOX inquiries. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Inquiry LOE - Seller-XXXX |
Resolved-LOX for credit inquiries was provided. - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 8.82mos reserves. Per guides, 3 reserves required. On time mortgage history exceeds guideline requirement - Borrs 170mos 0x30 mortgage pay history. Per guides, minimum 12mos 0x30 mortgage/rental pay history. Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 767. Per guides, minimum score required 720 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 4350115631 | XXXX | XXXX | D | B | D | B | A | A | D | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Income 1 Months Income Verified is Missing | Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-XXXX Open-Exception to document source of deposits via CPA letter, rather than 2 months business statements - Due Diligence Vendor-XXXX |
Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 8.82mos reserves. Per guides, 3 reserves required. On time mortgage history exceeds guideline requirement - Borrs 170mos 0x30 mortgage pay history. Per guides, minimum 12mos 0x30 mortgage/rental pay history. Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 767. Per guides, minimum score required 720 |
FICO 20 points or more above requirement Total debt 10% or more under requirement Reserves 12+ months more than requirement Residual Income $XXXX or more Long Term Employment (>5 years) Long Term Homeownership (>5 years) Minimal Consumer Debt |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | XXXX | ||
| XXXX | 4350115631 | XXXX | XXXX | D | B | D | B | A | A | D | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Income/Employment General | Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-XXXX Open-Exception for personal bank statements with % of ownership 8.33% to 22.22% - Due Diligence Vendor-XXXX |
Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 8.82mos reserves. Per guides, 3 reserves required. On time mortgage history exceeds guideline requirement - Borrs 170mos 0x30 mortgage pay history. Per guides, minimum 12mos 0x30 mortgage/rental pay history. Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 767. Per guides, minimum score required 720 |
FICO 20 points or more above requirement Total debt 10% or more under requirement Reserves 12+ months more than requirement Residual Income $XXXX or more Long Term Employment (>5 years) Long Term Homeownership (>5 years) Minimal Consumer Debt |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | Originator Post-Close | N/A | XXXX | ||
| XXXX | 4350115632 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Originator exception granted to allow total housing history of 3x30, Non-material waiver applied with comp factors. non-material due to all other credit requirements meet. - Due Diligence Vendor-XXXX | Waived-Originator exception granted to allow total housing history of 3x30, Non-material waiver applied with comp factors. non-material due to all other credit requirements meet. - Due Diligence Vendor-XXXX |
Qualifying DTI below maximum allowed - DTI is 34.99% and max allowed is 50% LTV is less than guideline maximum - LTV is 58.73% and max LTV is 75% Qualifying FICO score is at least 20 points above minimum for program - Score is 692 and minimum allowed is 660. |
-LTV is 58.73% and max LTV is 75%. -DTI is 34.99% and max allowed is 50% |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX |